Latest Stock Market News

Although 63% of participating shareholders supported the resolutions, 37% voted against them. As these were special resolutions, they required at least three times more votes in favour than against to pass, which was not achieved.

Water purifier company Kent RO Systems Ltd has filed preliminary papers with markets regulator Sebi seeking approval to float an initial public offering (IPO).

Tips Music reported a 27% YoY net profit growth to ₹44.2 crore in Q3FY25, supported by a 20% revenue rise. Strong digital performance and global collaborations fueled growth, with YouTube views increasing 17% YoY.

Pidilite Industries reported a 9% YoY increase in Q3FY25 net profit to ₹557 crore, with revenue rising 8% to ₹3,369 crore. Gross margins improved due to lower input costs.

Gold prices rallied by Rs 630 to a lifetime high of Rs 82,700 per 10 grams in the national capital on Wednesday following persistent buying by jewellers and retailers amid strong global trends, according to the All India Sarafa Association.

Markets rebounded as IT and pharma stocks led gains; Nifty signals recovery but needs to breach 23,500 for sustained bullish momentum.

Wendt (India) Ltd reported consolidated profit for the October-December 2024 quarter at Rs 8.22 crore, the company said on Wednesday.

Under the demerger terms, each HUL shareholder will receive one KWIL share for every HUL share held. After the demerger and KWIL’s listing, KWIL’s entire shareholding will be directly owned by HUL shareholders. HUL stated that KWIL would become a leading listed ice cream company in India, managed by an experienced team with the flexibility and focus needed to implement strategies tailored to its unique business model and market dynamics, enabling it to achieve its full potential.

Indian indices ended higher, driven by IT and financials. Notable stocks included Jana Small Finance Bank (+19.5%), MCX (+4%), KEI Industries (+2.3%), Cyient DLM (-13.55%), and India Cements (-8.35%).