Latest Stock Market News

Shanmuga Hospital, a leading healthcare provider in Salem, debuts on the NSE SME platform with an IPO price of Rs 54, showing a 5% premium. Accredited by NABH and NABL, the hospital offers state-of-the-art facilities including oncology, cardiac, and emergency units. Funds from the IPO will enhance medical equipment and corporate purposes.

Swasth Foodtech India plans to raise Rs 15 crore through its SME IPO opening on February 20. The company will offer 15.87 lakh shares at Rs 94 each without any OFS component. Swasth processes and sells edible rice bran oil, which is rich in Vitamin E and Oryzanol.

Sunil Subramaniam, a market expert, remains optimistic about the long-term prospects of the IT and pharmaceutical sectors due to the rupee s depreciation. He highlights potential benefits for mid and small-cap IT firms from AI consulting, while pharma companies may benefit from generics and APIs if tariffs on China increase. Additionally, selective value buying is emerging in the capital goods space.

Investors should prepare for ongoing market volatility, balancing portfolios between large caps for stability and midcaps for growth. Banking, IT, and pharma sectors are recommended for their resilience and potential. Emphasizing asset allocation and diversification is crucial for managing risks and ensuring consistent returns in uncertain times.

Waaree Energies share price: The company announced a fourfold increase in net profit, reaching Rs 492.7 crore in the December quarter, up from Rs 124.5 crore in the same quarter last year.

India’s consumer staples shares rally fizzles out due to weak demand concerns. The Nifty FMCG Index saw its worst losing streak, negating gains from income tax cuts. Analysts doubt the stimulus will sufficiently boost consumer demand amid inflation and slow growth. Key stocks like Hindustan Unilever and ITC are hitting low points, urging better execution to counter these challenges.

ICICI Securities maintains a buy rating on Bajaj Consumer Care with a revised target price of Rs 220, citing continued stress in the wholesale channel affecting revenue. The company s diversification efforts and Project Aarohan show promise, but revenue growth remains challenged. Acquisition of Banjara’s appears cost-effective, though margins are under pressure due to commodity inflation.

BSE share price: Goldman Sachs, based in the US, through its subsidiary Goldman Sachs (Singapore), acquired 7.28 lakh shares of BSE Ltd, as per the bulk deal data available on the National Stock Exchange (NSE) website.

The Indian rupee is expected to open steady on Thursday as traders evaluate new U.S. tariff threats and a cautious Federal Reserve rate outlook. The forecasted rate of 86.94-86.95 to the U.S. dollar remains unchanged. Trump s auto tariff announcement and its impact on inflation are key concerns, along with ongoing foreign investor outflows.