Latest Stock Market News

The Burman family has gained control over Religare Enterprises Limited (REL) by acquiring a 25.16% share following a successful open offer. The acquisition included 231,025 equity shares on February 17, 2025. The Burman family aims to enhance governance and drive sustainable growth at REL.

Mayuresh Joshi from Marketsmith India suggests the market may be near its low, or the earnings downgrades are ending soon. He highlights agro chemicals, hospital stocks, and financials as promising sectors. Key stocks include Coromandel International, Max Healthcare, Kims, Kotak Bank, and Karur Vysya Bank, showing potential in their performance and financial stability.

Quality Power Electrical s shares will debut on exchanges Friday. The IPO price indicates a flat to negative debut. The company aims to use the net proceeds for acquisition, capital expenditure, and strategic growth. Quality Power specializes in power products and solutions in various sectors.

Royalarc Electrodes IPO saw a subscription of 1.6 times, debuting on the NSE SME platform today with no grey market premium. Founded in 1996, the company manufactures welding consumables and trades ancillary products. Their advanced facility in Gujarat ensures high-quality standards, supported by a skilled team of 144 employees.

Inditrade Capital s Group Chairman, Sudip Bandyopadhyay, suggests investing in large-cap banks like SBI due to their improved asset quality and attractive valuation. He also recommends UltraTech in the cement sector and Bharat Electronics in defense electronics for long-term investments. He highlights the potential in the power sector, auto ancillaries, and selective domestic-focused pharma companies.

Tcs share price: As part of this partnership, TCS has introduced three initiatives designed to improve sales efficiency, optimize field operations, and enhance the customer experience.

ICICI Securities recommends a buy on PTC Industries with a target price of Rs 20,070. PTC reported a consolidated total income of Rs 77.11 crore for Q3FY25, a decline of 4.56% from the previous quarter. Post acquisition of Trac Precision Solutions, the EBITDA margin dropped to 22.8%. Promoters hold 59.75% stake.

NTPC Green share price: The agreement, signed on February 19, 2025, focuses on collaborating to explore opportunities in the off-take of green hydrogen and its derivatives from NTPC Green Energy Limited (NGEL) and its affiliates, according to an exchange filing by the company.