Latest Stock Market News

A 52-week low marks a stock s lowest price over the past year. It may suggest buying opportunities for strong stocks or reflect company challenges.

Apollo Hospitals Q3 Results: The company s board has declared an interim dividend of Rs 9 per share, with February 15 as the record date. The payout will be made by February 28. In Q3, EBITDA grew 24% YoY to Rs 762 crore. Healthcare revenues rose 13% YoY to Rs 2,785 crore, driving a 21% YoY profit increase to Rs 348 crore, while EBITDA for the segment surged 14% YoY to Rs 671 crore.

Grasim Q3 Results: Grasim on Monday reported a 41% year-on-year (YoY) decline in its consolidated net profit at Rs 899 crore in the third quarter. Revenue from operations during the same period rose 9% YoY to Rs 34,793 crore.

Eicher Motors Q3 Results: Eicher Motors posted an 18% YoY rise in net profit to ₹1,171 crore in Q3, with revenue surging 19%. Royal Enfield and VE Commercial Vehicles achieved record sales, boosting overall performance despite sluggish industry trends.

Novelis Q3 Results: Novelis Inc, Hindalco’s subsidiary, reported a 9% YoY drop in Q3 net income to $110 million, with adjusted EBITDA down 19%. Rising scrap aluminum costs pressured margins despite higher revenue from aluminum price gains.

Shaving products maker Gillette India Ltd on Monday reported 21.18 per cent rise in profit to Rs 125.97 crore for the second quarter ended December 2024.

Gold prices zoomed by Rs 2,430 to hit a lifetime high of Rs 88,500 per 10 grams in the national capital on Monday following firm global trends and a weak rupee, according to the All India Sarafa Association.

The Indian market closed lower for the fourth consecutive day on Monday, tracking weak global cues, with the BSE Sensex falling over 500 points and the Nifty50 slipping below 23,400.

The Nifty Bank index closed 0.35 per cent down at 49981.0.

Tech view: Nifty formed a red candle on the daily chart, signalling weakness, but found support near the 21-day simple moving average (DSMA) at 23,290. On the upside, resistance lies at the 50-DSMA near 23,740, followed by 23,800. A drop below 23,290 could deepen losses. Traders should watch these key levels, advised Hrishikesh Yedve of Asit C. Mehta Investment Intermediates.