Latest Stock Market News

Trideep Bhattacharya of Edelweiss MF highlights the importance of the RBI s recent rate cut, noting it s a sensible step towards growth but may not be sufficient without addressing liquidity. He anticipates the need for additional rate cuts and liquidity interventions to stimulate market growth and economic recovery, suggesting patience for visible improvements over the next few months.

Five stocks, including ITC, Delhivery, Aarti Industries, JSW Energy, and PI Industries, saw a short buildup on February 7, with rising open interest and falling stock prices, indicating bearish sentiment in the F&O segment.

Shares of KPI Green Energy rose 5% after reporting a 67% YoY increase in Q3 net profit to Rs 84.5 crore. Revenue surged 38.8% to Rs 458.36 crore. The company also declared a 4% interim dividend. Analysts target Rs 1,100 per share.

Brokerages forecast significant gains in select large-cap stocks from sectors such as banking, auto, and insurance. Axis Bank, IndusInd Bank, Tata Motors, SBI, and others are expected to rise up to 40%, supported by high analyst ratings and favorable target prices.

RBI Governor Sanjay Malhotra announced the formation of a panel to review trading and settlement timings for markets regulated by the central bank. The decision follows a three-day Monetary Policy Committee (MPC) meeting. The working group, with stakeholder representation, will assess recent developments in financial markets and submit its report by April 30th.

Amwill Healthcare’s SME IPO was fully subscribed 1.68 times by the final bidding day. The retail portion saw 2.41x demand, while QIBs subscribed 2.19x. The IPO price band is Rs 105-111, with allotment on February 10 and listing on February 12. The company operates in the growing derma-cosmetic segment.

Swiggy share price: The stock dropped below its IPO price of Rs 390 in the previous session, ending the day with a 7% loss. Although revenue rose by 31% YoY, Swiggy s Q3 loss grew to Rs 799 crore.

Capital good, infrastructure, and construction companies have faced significant slowdowns due to government payment delays, leading to a sharp drop in stock prices. In contrast, Bharti Airtel has shown impressive growth in ARPU, controlled costs, and deleveraging, making it a standout performer among large-cap companies.

JM Financial recommends buying ACME Solar Holdings Ltd., targeting Rs 262, up from the current Rs 232.5. India needs substantial renewable energy growth by 2030, with ACME poised to benefit due to its significant operational and construction capacities. With solid financials and market position, ACME s revenue and EBITDA are expected to grow robustly by FY28.