Latest Stock Market News

Suzlon Energy share price: Suzlon achieved its highest-ever quarterly deliveries, reaching 447 MW in Q3 FY25. The wind turbine generator segment was the key growth driver, with revenue soaring 132% year-on-year (YoY) to Rs 2,336 crore, compared to Rs 1,004 crore in the same period last year.

As Finance Minister Nirmala Sitharaman prepares to present the Union Budget FY25-26, key focus areas are expected to include automobile, defence, railways, real estate, and energy sectors. Key initiatives anticipated include tax exemptions for affordable housing, increased allocations to renewable energy, and reforms to promote electric vehicle adoption.

On the expenditure side, revenue spending is expected to rise by 5%, while capital expenditure is projected to grow at a robust 15%, emphasizing infrastructure development.

The Indian stock market will remain open on Saturday, February 1, 2025, as Finance Minister Nirmala Sitharaman presents the Union Budget 2025-26. Investors will react in real-time to fiscal policies, tax reforms, and sector allocations. Despite regular trading hours, February 1 is a settlement holiday, and heightened market volatility is expected across key sectors.

hairperson of PL Capital, Amisha Vora, anticipates a growth-focused Budget 2025 with strong GDP projections for FY26. Key sectors poised for growth include railways, defence, power, and data centers. Largecap stocks like L&T, Siemens, HDFC Bank, Britannia, and Max Healthcare are well-positioned to benefit. Despite the current slowdown, a gradual recovery is expected as inflation peaks.

Arvind Sanger of Geosphere Capital Management emphasizes the need for bold government action to stimulate the struggling economy. He suggests that increased infrastructure spending and consumer incentives in the Budget could revive business and consumer confidence. Sanger notes the downturn in small and midcap stocks, and sees potential in select banks and sectors for investment opportunities.

Axis Securities recommends buying JTL Industries with a target price of Rs 115. JTL, a Small Cap company in the Metals - Ferrous sector, showed a quarterly decline in total income and net profit of Rs 24.94 crore for the latest quarter. Despite revising sales and EBITDA estimates, Axis projects a 20% upside on the current market price.

Bank of Baroda shares fell 5% as Q3 NII missed estimates due to lower NIM. Jefferies and HSBC cut targets to Rs 250. Nuvama sees value, retaining a "BUY" with a Rs 265 target. Despite weak loan growth, BoB’s profit rose 6% YoY, supported by strong non-interest income.

Wherever there are good results stocks are reacting positively, bad results are also being punished quite hard. So, that is the nature of the market because conviction is somewhat lacking at this stage.

Bank of America, Investec, Nomura, and Morgan Stanley have reiterated their positive stances on select stocks for 2025. They identify Reliance Industries, Maruti Suzuki, Bajaj Finance, CarTrade, and Ambuja Cements as having strong growth potential, projecting returns between 15-29%. Investors are advised to consider these recommendations for potential gains.