Latest Stock Market News

MRF’s PAT fell to Rs 315 crore in Q3 FY25 from Rs 510 crore a year ago, despite a 13.6% YoY revenue increase to Rs 7,001 crore. However, EBITDA dropped 20.9% YoY to Rs 835 crore from Rs 1,055 crore, reflecting pressure on profitability despite revenue growth.

Short covering happens when traders buy back shares they previously sold short, often due to a shift in market sentiment or new information.

Swiggy aims for EBITDA profitability by Q3 FY26, driven by food delivery growth and quick commerce breakeven. The quick commerce expansion and innovation are expected to sustain robust growth.

Long unwinding refers to the selling of positions or stocks held for a longer period, either to book profits or to exit in anticipation of impending bearishness.

European shares hovered near a record high on Thursday, buoyed by a raft of upbeat earnings, including drugmaker AstraZeneca, and ahead of the Bank of England s monetary policy verdict which is likely to result in an interest rate cut.

BEML’s PAT for Q3FY25 was Rs 24.41 crore, a sharp decline from Rs 48.2 crore in the same quarter last year. Revenue also fell 16.35% YoY to Rs 875.77 crore from Rs 1,046.97 crore. For the nine months ending December 2024, net profit stood at Rs 4.97 crore, with total income from operations at Rs 2,369.69 crore.

Global brokerage CLSA upgraded DLF to ‘High Conviction Outperform’ with a target of Rs 975, citing compelling valuation and strong growth prospects. Despite rate-sensitive realty stocks trading weak, DLF surged 3.75% to Rs 792.15. CLSA highlights presales growth, new launches, strong balance sheet, and rental income as key positives.

PC Jeweller shares surged 6.9% to Rs 16.80 on Thursday, reflecting a 12.2% gain over two trading sessions. The rally followed the company s strong recovery in Q3 FY25, with a net profit of Rs 148 crore, compared to a loss of Rs 197.98 crore in the same period last year. Revenue skyrocketed 1,496%, reaching Rs 639.45 crore, signaling robust business growth.

Foreign Institutional Investors (FIIs) adjusted their investments in several companies in the December 2024 quarter. Notably, they increased their stakes in Indiabulls Enterprises, Home First Finance, and IDFC First Bank, while reducing holdings in IndusInd Bank, Mahanagar Gas, and Future Consumer.

Atul Suri from Marathon Trends - PMS discusses how Trump’s actions influence global markets, emphasizing the importance of implementation over rhetoric. He believes the time for market panic is over and highlights the potential continued performance in tech, auto, and pharma sectors amidst fluctuating dollar index trends.