Latest Stock Market News

Nifty 50 and Sensex dropped over 0.5% amid FII selling and earnings concerns. Analysts recommend buying Zensar Technologies, Redington, Jindal Worldwide, and Avanti Feeds for potential near-term gains.

IDFC First Bank shares decreased by 7.2% following a 15% YoY decline in net profit due to higher bad loan provisions in microfinance. Despite a 14% increase in net interest income, the bank was impacted by elevated credit costs and operational expenses. Gross NPA ratio improved from 2.04% to 1.94%.

Shares of Macrotech Developers-owned Lodha rose 3.15% after posting a 66% YoY jump in PAT for Q3 FY2025. The company achieved a notable increase in pre-sales and collections, coupled with a 39% rise in revenue from operations. Additionally, Lodha significantly reduced its net debt and continues to expand its projects in Bengaluru.

Railway stocks have underperformed this pre-Budget period, with some falling over 40% from highs, due to market corrections and expensive valuations. Despite setbacks, the sector is expected to receive a significant capex boost in FY26, focusing on new tracks and station upgrades, potentially improving order inflows and investor confidence.

Kotak Bank, this time around, did report a good set of numbers. They will be there number 2 joint with the Axis Bank results. So, net-net, very-very happy with the larger private sector banks.

But before getting caught up in the hype, it’s essential to understand exactly what JioCoin is—and what it’s not.

The Jaipur-based lender reported a 41% jump in net profit to Rs 528 crore for the December 2024 quarter, compared to Rs 375 crore in the same period last year

PMS fund manager Samir Arora suggests the Indian government reduce capital gains tax to 10% to reverse consistent foreign institutional investor (FII) selling and stimulate a market rally. Arora believes this move would prove FIIs wrong and boost market sentiment. FIIs have been net sellers in Indian equities, with total sales reaching Rs 66,602 crore by January 24.

Shrimp stocks experienced a surge following the July 2024 budget but encountered declines subsequently. Only Avanti Feeds showed slight growth. Vistar Amar saw the steepest decline at 30%. Earnings varied, with Avanti Feeds seeing profit increases, while others like Apex Foods faced losses. Future outlook remains positive due to rising shrimp demand from the US and China.

Leading brokerages express a positive outlook on select stocks, predicting strong growth over the next 12 months. Recommended stocks include Dixon Technologies, Dr. Reddy’s Laboratories, Indus Towers, Nippon Life India Asset Management, and UltraTech Cement, with projected upsides ranging from 14% to 32%.