Latest Stock Market News

Titagarh Rail Systems surged 6.9% after announcing management restructuring and new business divisions—Ship Building and Maritime Systems (SMS) and Safety and Signaling Systems (SSS). The company aims to expand in shipbuilding and railway safety sectors, leveraging its joint venture with MERMEC.

Angel One shares surged 6.3% after reporting a 28.3% YoY rise in option premium ADTO to Rs 85,000 crore. The client base grew 47.5% YoY to 30.13 million. However, overall ADTO declined 29.8% YoY, with cash and F&O turnover falling. Commodity ADTO surged 81.9% YoY to Rs 65,500 crore.

Asian Paints shares fell 5% after weak Q3 earnings, with net profit down 23% YoY. Brokerages slashed target prices, citing competition, pricing pressures, and demand slowdown. Some expect further declines, while Macquarie remains optimistic. The stock has dropped 27% in six months, with analysts divided on recovery prospects.

Motilal Oswal and JM Financial have initiated coverage on Acme Solar Holdings with a Buy rating, citing strong growth prospects. Motilal Oswal set a target price of Rs 330, implying a 59% upside, while JM Financial pegged it at Rs 262. Following this, Acme s shares surged nearly 8% to Rs 223.7. The company has a renewable energy portfolio of 7 GW.

As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

Torrent Power share price: The company also experienced consistent revenue growth. For Q3 FY25, revenue from operations was Rs 6,499 crore, marking a 2% increase year-on-year from Rs 6,366 crore in Q3 FY24.

Motilal Oswal Financial Services has recommended a buy call for ACC with a target price of Rs 2400. ACC s revenue and profit have seen significant growth in the latest quarter. However, margins are expected to recover gradually. Promoters hold a 56.69% stake, with FIIs and DIIs holding 5.14% and 24.56%, respectively.

LIC adjusted its portfolio in Q3 FY25 by increasing its holdings in several prominent stocks. Major acquisitions include significant stakes in Bank of Maharashtra, Patanjali Foods, Cochin Shipyard, and Nestle India. LIC s share by value in NSE-listed companies slightly declined overall.

MTNL share price: MTNL has been grappling with a growing debt burden. As of August 30, 2024, the company s total debt amounted to Rs 31,944.51 crore. Recently, MTNL defaulted on a Rs 1,000 crore loan repayment to Bank of India and failed to meet loan installments totaling Rs 5,726.29 crore to several lenders.

​Also, largely the largecap stocks are reaching that reasonable valuation phase. There is still a lot of overvaluation in some of the midcap pockets, but I think that also will get corrected over time. So, we are not at the sweet spot as yet where valuations are mouthwatering and it is no brainer to go and buy stocks, but we seem to be getting over there.