Latest Stock Market News

Honasa Consumer s shares surged 8.5% to Rs 222.10 on the BSE after reporting a Q3 net profit of Rs 26 crore, nearly unchanged from Rs 25.9 crore a year ago. ICICI Securities believes the market undervalues Honasa, assigning just 28% of its value to Mamaearth, with an EV/sales multiple of 1.1x versus peers trading above 5x.

Motilal Oswal downgraded Vodafone Idea to ‘sell,’ citing market share loss, financial instability, and government dependence. The firm expects a 40% downside, setting a target price of Rs 5. Vi’s capex plans hinge on debt raise, but a cash shortfall looms. CEO Akshaya Moondra remains optimistic about government support.

P N Gadgil shares surged 10% in intraday trade, hitting Rs 621.05 on the BSE, following the company’s quarterly results post-listing. The firm reported a 49.4% YoY growth in profit after tax (PAT) for Q3FY25, with PAT reaching Rs 86.03 crore for the quarter ending December 2024, compared to Rs 57.60 crore in the same period last year.

Investors aiming for long-term wealth creation must select the right mutual funds and adopt a disciplined approach. Mahesh s portfolio review by Shweta Rajani suggests a 20% annual increase in SIP contributions and some fund restructuring to meet his Rs 3 crore goal in 10 years.

Market volatility continues, but midcap and smallcap stocks offer long-term opportunities. Kotak Bank benefits from RBI’s relaxation, while Jio must prove growth. Investors should focus on valuations and gradual accumulation.

Rajiv Batra from JPMorgan explains that India s market volatility is due to decreased earnings growth, leading to FII sell-offs. He predicts recovery with improved liquidity and growth indicators. Long-term investors are showing interest due to attractive valuations. Batra remains optimistic about India s future growth and investment potential amidst global economic changes.

FIIs reduced stakes in 46 consumption stocks, while retail investors increased holdings. FMCG stocks saw mixed performance, with budget tax cuts and monetary easing as key tailwinds. Experts remain bullish on premium consumption trends despite FII selling.

Several stocks, including Ramco Cements, IRCTC, Tata Chemicals, SBI, and Bank of India, witnessed short covering on February 13, leading to a drop in open interest and slight price increases.

The Nifty Realty index closed 2.74 per cent down at 839.35.

The rupee strengthened by 14 paise to 86.81 against the US dollar, buoyed by a weakening American currency and declining crude oil prices overseas. Improved domestic equity markets, driven by better-than-expected inflation data, also provided support. The dollar index fell 0.22% due to high US inflation data, while Brent crude dropped 1% to USD 74.43 per barrel.