Latest Stock Market News

Rajat Sharma, CEO of Sana Securities, believes that the Indian market is currently oversold despite improved earnings. He cites strong financial performance in sectors like healthcare and technology, with only metals and materials showing weakness. Sharma is optimistic about consumption stocks and advises cautious investment, highlighting opportunities in companies like Asian Paints and Hindustan Unilever.

Sanjiv Mehta, former Chair/CEO of HUL, highlights four key consumer trends in India: a desire for immediate life enjoyment, increased social media sharing, a search for authenticity, and a growing interest in purposeful living. These trends reflect changes in spending patterns and consumer behavior, with an emphasis on experiences, natural products, and aspirational items.

Federal Reserve Chair Jerome Powell advised caution regarding the latest Consumer Price Index data, citing it as substantially higher than expected. Powell emphasized the need to consider long-term trends over single data points and highlighted the importance of the Producer Price Index and Personal Consumption Expenditures (PCE) for a more accurate inflation measure.

Readymix Construction s shares are set to debut on the NSE SME platform. The company offered its IPO shares at Rs 123 each, with a modest 4 times subscription led by institutional investors. Readymix provides engineering solutions and aims for cost-saving through in-house development of machine components.

LK Mehta Polymers will launch its SME IPO on February 13, targeting to raise about Rs 7 crore through 10.4 lakh shares. Priced at Rs 71 per share with a GMP of Rs 10, the proceeds aim to meet working capital needs and general corporate purposes.

Honasa Consumer, Mamaearth s parent company, reported a net profit of Rs 26 crore for Q3FY25, almost unchanged from the previous year s Rs 25.9 crore. Revenue from operations increased by 6% YoY to Rs 518 crore. The company showed strong growth momentum, with Mamaearth expanding market share and household penetration.

Federal Reserve Chair Jerome Powell stated the recent consumer price data shows progress in controlling inflation, but more work is needed. While inflation has fallen to 2.6%, interest rates will remain high. New data indicates January s core consumer price index rose by 0.4%, highlighting ongoing price increases and economic challenges.

MRF Ltd has set February 14 as the record date to identify shareholders eligible for a second interim dividend of Rs 3 per share. Investors need to buy shares by today to qualify. Other companies like Alkem Laboratories, Apollo Hospitals, and Cummins India also announced dividends, with payments taking place after February 25.

Richfield Financial Services and Transformers & Rectifiers have announced a 1:1 bonus issue, doubling their share count effective February 14th. Ascensive Educare and Pritika Engineering Components will also implement stock splits on the same date, reducing their face values to Re 1 per share and Rs 5 per share, respectively.

The Q3FY25 revenue from operations stood at Rs 11,995 crore, an increase of over 8% from Rs 11,066 crore reported in the corresponding quarter of the previous financial year.