Latest Stock Market News

US stocks: Wall Street s main indexes opened higher on Thursday as investors parsed the latest producer prices data, while the prospect of Russia-Ukraine peace talks spurred some risk-taking.

Indian benchmark indices closed lower for the seventh consecutive session, with selling pressure in banking, FMCG, and IT stocks. Analysts suggest potential bullish reversal signals despite prevailing bearish trends.

Quality Power IPO: Quality Power Electrical Equipments (QPEE) plans to raise ₹225 crore via fresh equity and ₹634 crore through an offer for sale in its IPO, reducing promoter stake to 74%. Specializing in HVDC and FACTS components, QPEE is poised to benefit from rising global renewable energy demand.

SJVN Q3 Results: SJVN reported a 7% YoY rise in Q3FY25 net profit to ₹149 crore, with revenue growing 23% to ₹671 crore. However, sequentially, PAT declined 66%, and the company announced an interim dividend of ₹1.15 per share.

A sharp YoY rise in quarterly sales signals strong growth and demand. Among Nifty 500 firms, 5 firms saw over 200% sales growth in Q3 2024, highlighting expansion potential but requiring sustainability assessment.

Religare Enterprises on Thursday said its executive chairperson Rashmi Saluja ceased to be Director on its board as she did not get approval from shareholders for her re-appointment. The exit of Saluja comes amid Burmans open offer bid to acquire an additional 26 per cent stake in the company.

NBFC Shriram Finance Ltd (SFL) on Thursday said it has raised about USD 500 million (about Rs 4,300 crore) through External Commercial Borrowing (ECB) to fund business growth.

Kalpataru Projects International on Thursday reported a marginal dip of 3 per cent in consolidated net profit to Rs 139.59 crore in the December 2024 quarter.