Latest Stock Market News

Nestle India share price: The company’s revenue from operations for the third quarter rose 3.9% year-on-year (YoY) to Rs 4,779.73 crore, compared to Rs 4,600.42 crore in the same quarter last year. Nestle India reported total sales of Rs 4,762.1 crore for the third quarter ended December 2024, reflecting a 3.9% overall sales growth and a 3.3% increase in domestic sales.

The FY25 Budget allocated Rs 11.1 lakh crore for capex, but we may miss the target by 10-12%. Over five years, capex as a share of GDP has doubled to 3.2%, and this momentum is expected to continue. However, the focus must shift from allocation to execution, ensuring projects meet growth targets effectively.

Brokerages expect a capex-driven budget prioritizing infrastructure, defense, railways, and financials while maintaining fiscal discipline. Key stock picks include L&T, HAL, BEL, SBI, and Maruti Suzuki. Sectors like renewable energy, real estate, auto, and BFSI may see policy boosts, while tax stability on STT and LTCG could support market sentiment.

Suzlon Energy share price: Suzlon achieved its highest-ever quarterly deliveries, reaching 447 MW in Q3 FY25. The wind turbine generator segment was the key growth driver, with revenue soaring 132% year-on-year (YoY) to Rs 2,336 crore, compared to Rs 1,004 crore in the same period last year.

As Finance Minister Nirmala Sitharaman prepares to present the Union Budget FY25-26, key focus areas are expected to include automobile, defence, railways, real estate, and energy sectors. Key initiatives anticipated include tax exemptions for affordable housing, increased allocations to renewable energy, and reforms to promote electric vehicle adoption.

On the expenditure side, revenue spending is expected to rise by 5%, while capital expenditure is projected to grow at a robust 15%, emphasizing infrastructure development.

The Indian stock market will remain open on Saturday, February 1, 2025, as Finance Minister Nirmala Sitharaman presents the Union Budget 2025-26. Investors will react in real-time to fiscal policies, tax reforms, and sector allocations. Despite regular trading hours, February 1 is a settlement holiday, and heightened market volatility is expected across key sectors.

hairperson of PL Capital, Amisha Vora, anticipates a growth-focused Budget 2025 with strong GDP projections for FY26. Key sectors poised for growth include railways, defence, power, and data centers. Largecap stocks like L&T, Siemens, HDFC Bank, Britannia, and Max Healthcare are well-positioned to benefit. Despite the current slowdown, a gradual recovery is expected as inflation peaks.

Arvind Sanger of Geosphere Capital Management emphasizes the need for bold government action to stimulate the struggling economy. He suggests that increased infrastructure spending and consumer incentives in the Budget could revive business and consumer confidence. Sanger notes the downturn in small and midcap stocks, and sees potential in select banks and sectors for investment opportunities.

Axis Securities recommends buying JTL Industries with a target price of Rs 115. JTL, a Small Cap company in the Metals - Ferrous sector, showed a quarterly decline in total income and net profit of Rs 24.94 crore for the latest quarter. Despite revising sales and EBITDA estimates, Axis projects a 20% upside on the current market price.