Latest Stock Market News

An uptrend signal occurs when the RSI value crosses above 50 from below.

Bharat Heavy Electricals Ltd (BHEL) reported a strong financial performance for the quarter ended December 31, 2024, with a 123.5% YoY increase in net profit to Rs 134.7 crore, driven by a 32.2% rise in revenue from operations. Despite a dip in stock price recently, analysts maintain a "Hold" recommendation, with a target price of Rs 229, indicating a 22% upside from current levels.

By staying true to our philosophy of identifying and investing early in under-researched companies with significant potential, we have consistently focused on long-term business ownership rather than short-term market fluctuations.

Swaminathan Aiyar and Maneesh Dangi discuss the global shift from manufacturing to services, highlighting the challenges that tariffs and mechanization pose for job creation in manufacturing. In India, manufacturing struggles despite support measures, while the services sector thrives. The political reluctance to reduce non-wage costs hinders formal employment growth in the manufacturing sector.

Benchmark indices rebounded as the RBI decided to inject liquidity into the financial system. Key stocks like Bajaj Auto, Tata Motors, and Maruti saw notable gains. Analysts suggest strong buying opportunities for these stocks at current levels. Bajaj Auto and Tata Motors have potential upside while Maruti shows promising trends for both short and long term.

Housing and Urban Development Corporation (HUDCO) has announced an interim dividend of Rs 2.05 per share, with a record date of January 30, 2025. Investors must purchase shares by the end of January 28 to qualify for the dividend payout, set to complete within 30 days of the declaration.

Oil prices steadied amid potential U.S. tariffs on Canadian and Mexican imports, despite an increase in U.S. crude stocks. Market turbulence followed concerns about energy demand linked to a Chinese AI model and weak Chinese economic data. President Trump is considering 25% tariffs on Canada and Mexico over immigration issues, potentially disrupting U.S. energy markets.

Malpani Pipes And Fittings IPO opened for subscription, aiming to raise around Rs 26 crore. The IPO price band is fixed at Rs 85-90 apiece, and the issue will be available for bidding until January 31. The net proceeds will be used for capital expenditure and debt repayment.

Nischal Maheshwari notes that high expectations led to market disappointment despite strong earnings reports from some banks and companies. He warns of caution in the Indian IT sector due to potential impacts from the Chinese AI models and US capex uncertainties. Market anticipates policies to boost consumption and maintain capex investments in the upcoming Budget.

Coal India share price: On a sequential basis, the PAT surged 35% compared to the Rs 6,289 crore reported in Q2FY25, while the topline increased by 17% compared to the Rs 30,672 crore posted by the PSU in the July-September quarter.