Latest Stock Market News

The Nifty Pharma index was trading 0.93 per cent at 21997.80.

The stock traded at a P/E multiple of 43.28, while the price-to-book value ratio stood at 3.25.

Adani Wilmar shares rose by up to 1.1% on Wednesday, reaching Rs 269.85 on the BSE. The company is set to experience a notable increase in its weightage within FTSE indices as part of an ad hoc adjustment scheduled for January 15.

A total of 254,373 shares changed hands on the counter till 11:06AM (IST)

Sula Vineyards shares: The company’s wine tourism business achieved its highest-ever quarterly revenue of Rs 16.4 crore, reflecting an 11.5% year-on-year (YoY) growth. This increase was driven by higher spending per guest and strong occupancy rates.

The Indian market is expected to trade higher on January 15, supported by positive global cues. Nifty futures gained 0.51% on Tuesday, and the India VIX dropped, indicating lower volatility. Options data suggests a broader trading range of 22,600 to 23,600, with key support at 23,000 and resistance at 23,500. Stock recommendations for short-term traders are also provided.

Adani Energy share price: As of December 31, 2024, Adani Energy operates a transmission network spanning 26,485 circuit kilometers (ckm), including both active and under-construction assets. It has also constructed the longest private HVDC (High Voltage Direct Current) line.

Emkay predicts a 22% rally in Dixon Technologies shares, citing strong growth prospects, leadership in product verticals, and expansion into adjacent markets. They expect margin improvements from backward integration and significant market potential in industrial PCB and auto electronics sectors, projecting a 70-75% increase in market share by FY35E.