Latest Stock Market News

ICICI Securities recommends buying REC shares, setting a target price of Rs 600. REC, a large-cap company in the Term Lending Institutions sector, reported increases in both Total Income and net profit for the quarter ending 30-09-2024. REC aims for a 30% share in renewables by FY30, supported by strong macro tailwinds and expected capex.

According to BSE analytics, the shares of SBI Cards and Payment Services have risen by 3.5% over the past 6 months and by 2.11% in the last 3 months. However, they have fallen by nearly 1.5% over the past year.

​I think so whether it is Havells or even companies like Finolex Cables they have all corrected quite a lot over the last one year. So, I think worth beginning to look at those companies.

The Relative Strength Index of the stock stood at 57.78 on Friday.

Gold prices fell slightly by Rs 66 to Rs 79,160/10 gm, while silver prices dropped by Rs 278 to Rs 95,525/kg. Gold surged by Rs 700/10 gm this week, supported by a weaker dollar and US economic data. Analysts expect volatility in prices due to dollar index fluctuations and upcoming Chinese economic data. Key support for gold is at Rs 79,000.

The crypto market shows signs of a bullish trend, with Bitcoin at $100,000 and altcoins poised to outperform. Key altcoins to watch include SUI, AIOZ, HYPE, VIRTUAL, and ACX for significant returns. Memecoins like PENGU and PEPE offer high-risk, high-reward potential. Bitcoin, Ethereum, and Solana remain the safest, offering steady returns.

Vikram Kasat of Prabhudas Lilladher shares high conviction picks for 2025, including Crompton Greaves, Lemon Tree, DOMS Industries, and Cyient. Largecaps like L&T and Reliance are expected to gain momentum, while consumer staples face short-term challenges. Small and midcaps in hotels, jewelry, investment banking, and technical textiles show strong growth potential.

Vedanta announced that it will hold virtual meetings for its equity shareholders, secured creditors, and unsecured creditors on Tuesday, February 18, 2025, as part of its ongoing demerger process. The meetings are part of a Scheme of Arrangement involving Vedanta Ltd. and its subsidiaries, in accordance with the NCLT order. Although Vedanta initially planned to split its base metals business, it decided to retain it within the company, considering a demerger in the future.