Latest Stock Market News

Agriculture stocks like Kaveri Seed, Mangalam Seed, and Godrej Agrovet surged up to 11% after Finance Minister Nirmala Sitharaman announced measures to enhance pulses and seeds production in her budget speech. She unveiled a 6-year mission for self-reliance in pulses, a procurement initiative, and PM Dhan Dhan Krishi Yojana to benefit 1.7 crore farmers.

Finance Minister Sitharaman announced a new manufacturing mission under Make in India to boost solar PV cells, electrolysers, and grid-scale battery production, driving India’s clean energy shift. Following the announcement, Waaree Energies surged 15%, Suzlon rallied 11%, while Adani Green, Inox Wind, Acme Solar, KPI Green, and Gensol Engineering gained up to 10%.

In fact, Bajaj Auto and Maruti are two companies which have done very well on exports and I think they have sort of diversified their domestic exposure. So, after the big correction from 12,000 to 8,000 the stock is pretty well positioned in terms of valuations also.

Prestige Estates surged 9.3% to Rs 1,489.95 after Jefferies upgraded it to ‘buy’ with a Rs 1,600 target. The brokerage cited upcoming launches worth Rs 300 billion and strong leasing growth. Despite a weak Q3, Prestige expects pre-sales recovery, boosting long-term prospects.

Sandeep Tandon, CIO of Quant Mutual Fund, believes assertive body language from PM Modi indicates determination to boost consumption. He expects a focus on consumption, renewable energy, and infrastructure in the budget. Despite global market vulnerabilities, Tandon sees stock-specific opportunities and potential buying chances by March end.

Railway stocks surged ahead of Budget 2025, with IRFC and RVNL gaining up to 3% on expectations of increased capital expenditure. The government may announce a Rs 45,000 crore Kavach safety package, benefiting key railway infrastructure firms. The Ministry of Railways is likely to receive record allocations, prioritizing freight efficiency and modernization.

Suzlon achieved an impressive 90% YoY rise in net profit, reaching Rs 386.92 crore for the quarter ending December 31, 2024. Revenue from operations grew by 91% YoY to Rs 2,968.81 crore, compared to Rs 1,552.91 crore in the same quarter last year. Total income also soared by 91% YoY to Rs 3,002.36 crore, showcasing robust financial growth.

Vedanta Q3 Results: Revenue from operations grew 10% YoY to Rs 38,526 crore in Q3. Consolidated EBITDA surged 30% to Rs 11,284 crore, while margins improved 517 bps to 34%.