Latest Stock Market News

MSCI’s February 2025 reshuffling brings key changes: Hyundai Motor India is added, Adani Green Energy is removed. IndusInd Bank, PB Fintech, and Torrent Pharma gain weight, attracting inflows, while Reliance, ICICI, and HDFC Bank face reductions.

ITC Hotels: Jefferies initiated coverage on ITC Hotels (ITCH) with a ‘buy’ rating and a target price of Rs 240, citing strong growth potential. It projects a 16%/19% CAGR in EBITDA/PAT over FY24-FY27e and expects occupancy in India to rise to 75% by FY27. ITCH’s debt-free balance sheet and strategic expansion plans support long-term growth, despite short-term challenges in greenfield projects.

Short covering leads to a decline in open interest, potentially pushing the stock price higher.

crypto assets: Key altcoins had a mixed start this year, with Ethereum underperforming, dropping nearly 20%. Bitcoin dominance remains strong above 61%. However, based on market cycles and seasonality, a reversal is expected soon. Once Bitcoin crosses the $100,000 mark again, it could reignite momentum in the altcoin market, driving broader crypto gains.

The Nifty Auto index closed 0.74 per cent down at 22407.45.

Jonathan Garner sees India s earnings slowdown as cyclical, expecting recovery by June 2025. Strong GDP growth, fiscal support, and investor inflows bolster resilience. He favors financials, industrials, and AI-driven companies while maintaining a cautious stance on IT services. India remains a key emerging market, benefiting from US partnerships and global shifts.

The key driver behind the ongoing FII selling is uncertainty stemming from global policy shifts, especially in the US. Recent tariffs on steel and aluminium, along with frequent policy changes, have made foreign investors cautious. Many FIIs are holding back, weighing market instability against attractive valuations, preferring to wait for clearer economic signals before re-entering.

100 BSE Smallcap stocks posted over 25% YoY growth in sales and profits in Q3 FY24, with 12 turning multibaggers. V2 Retail led with a 349% surge, followed by Shaily Engineering Plastics (274%) and Refex Industries (229%). Strong financials boosted valuations and investor confidence.

The IPO consists of a fresh issue of 44.52 lakh shares worth Rs 70.79 crore and an offer for sale (OFS) of 23 lakh shares totalling Rs 36.57 crore. Ahead of listing, the company s shares were trading at a Rs 3 GMP in the unlisted market on Wednesday, reflecting a modest 1.9% premium over the IPO price band’s upper limit of Rs 159.

Jignanshu Gor, from Bernstein India, shares insights on retail and restaurant stocks, highlighting an outperform rating on D-Mart, Trent, Jubilant, and Devyani. He explains the need for continuous innovation in FMCG and the growing impact of quick commerce. Gor emphasizes evaluating brands versus channels and highlights the current growth in apparel, groceries, and beauty products.