Latest Stock Market News

L&T Q3 Preview: L&T’s revenue from operations for the third quarter is expected to rise 20% YoY, while PAT is projected to grow 24% YoY, according to four brokerage estimates. Analysts anticipate a 24% YoY increase in core EPC revenues, with overseas execution offsetting domestic weakness. Key factors to watch include the domestic order pipeline, margin performance, and the working capital cycle.

Expectations for an RBI rate cut have increased following recent liquidity measures. Morgan Stanley forecasts a 25-basis-point rate cut in the upcoming February 7 policy meeting, driven by domestic growth and inflation dynamics. While the Fed is expected to hold interest rates steady, investors are closely watching its outlook for future rate cuts, especially after Donald Trump called for lower rates.

So, when we say GARP, over all my career what we said is we buy growth. We love growth, but we buy it at a reasonable price. So, our portfolio price earning today, we had 14 times now, which was more like 15 times December end.

ACME Solar shares: ACME Solar’s Q3FY25 revenue grew 5% to Rs 349 crore from Rs 331.63 crore in the same quarter last year, driven by the phased commissioning of its 1,200 MW SECI ISTS project. The Gurugram-based renewable energy firm also reported a 152% YoY surge in net profit to Rs 112.05 crore, boosting its stock by 10% on the BSE.

ITC Hotels shares debuted at Rs 188 on BSE following the ITC Ltd demerger, but quickly hit a 5% lower circuit due to shareholder exits. Despite this, analysts suggest holding onto the shares, citing growth prospects in hospitality, a favorable demand-supply outlook, and the company’s strategic expansion plans. The listing price was 31% lower than the special price discovery value.

​Value for our customers, value for society, value for employees. When all of them win, then ITC Hotels wins, so that is the philosophy we will build on and naturally, this is also going to create economic value for all participants going forward.

CG Power & Industrial Solutions posted a consolidated net profit for the third quarter of Rs 240.53 crore, down from Rs 747.50 crore in the year-ago period. However, the decline was largely due to a one-time profit of Rs 551 crore from discontinued operations in Q3 FY24. Adjusted for this, the company’s net profit rose 22% year-on-year.

Major brokerage firms highlight significant upside potential for key stocks in the next 12 months. Jefferies favors DLF and IOC Ltd, UBS upgrades Siemens and remains positive on Federal Bank, while CLSA sees value in ACC. Target prices suggest rallies between 23% and 42%.

Exide Industries shares rose 5% to Rs 361.3 despite a 22% YoY decline in net profit for Q3 FY25. Revenue grew slightly to Rs 4,017 crore. CEO Avik Roy highlighted growth in auto replacement and exports, with a positive outlook due to expected recovery in government and private capex. The stock has dropped 35% in 6 months, but gained 97% over 2 years.