Latest Stock Market News

Stallion India Fluorochemicals has set a price band of Rs 85-90 per share for its IPO. Stallion India aims to raise Rs 199.45 crore through the initial share sale of 2.21 crore equity shares, which includes a fresh issuance of 1.78 crore equity shares worth Rs 160.73 crore and an offer-for-sale of 43.02 lakh shares worth Rs 38.72 crore by promoter Shazad Sheriar Rustomji.

Infosys is expected to report YoY revenue growth of 4.8% to 6.7% in Q3FY25, driven by strong deal wins despite seasonal furloughs and currency headwinds. Net profit is projected to grow between 5.4% and 12%. Key aspects to monitor include cost management, banking sector performance, and demand revival.

A long buildup occurs when both open interest (OI) and trading volumes rise alongside an increase in the underlying stock price.

The stock quoted a 52-week high of Rs 4801.40 and a 52-week low of Rs 3060.00.

Vikas Khemani from Carnelian Asset Management believes banking, financial services, pharmaceutical, and healthcare sectors have strong long-term prospects. He suggests the Nifty is likely to remain in a narrow range, with most market corrections already behind. Khemani expects financials and manufacturing to see significant growth in the coming years, driven by structural trends.

China stocks saw their biggest gain in over two months with the Shanghai Composite index rising 1.75% and the CSI300 index adding 1.74%, driven by a rally in local chip firms. This followed the US announcing further tech export restrictions to China. Investors are now keenly awaiting a Beijing press conference for potential economic support measures.

HDFC Securities has a sell recommendation on Trent with a target price of Rs 4160. Trent, a large cap retailer, reported an increase in revenue and net profit for the latest quarter. The firm expects strong growth for its brands and has revised financial forecasts. Promoters hold 37.01% while FIIs own 21.68% of the company.

Shoppers Stop share price: The company experienced an 11% increase in revenue from operations, reaching Rs 13.79 billion. Premium products accounted for 64% of the total revenue for the quarter, reflecting a 9% growth compared to the previous year.

Aditya Birla Fashion and Retail Limited approved issuing shares worth about Rs 2,379 crore to promoters and qualified institutional buyers. Shares will be issued to the promoter group and QIBs, increasing Pilani Investment and Industries shareholding. The company will continue with its retail business and ethnic brands, while its lifestyle and sportswear brands will be part of ABLBL.

Top 10 BSE Smallcap stocks have delivered high dividend yields in the past year, with Aster DM Healthcare leading at 24 percent. Other notable companies include Xchanging Solutions, Chennai Petroleum, DB Corp, Jagran Prakashan, PTC, Balmer Lawrie, Nirlon, Allcargo Logistics, and Gujarat Pipavav Port. Dividend yields ranged from 4.65 percent to 24 percent.