Latest Stock Market News

CG Power shares dropped 12% amid high trading volumes, reaching Rs 522, driven by profit booking and sectoral weakness. Despite an 18.55% gain over the past year, the stock is down 25.77% YTD. Technical indicators show the stock is below key moving averages and has an RSI of 33, signaling potential oversold conditions.

As per the latest data for the December 2024 quarter, Dhawan has publicly disclosed stakes in approximately 12 companies, with a total value of around Rs 3,206 crore as of January 27.

Stocks of auto OEMs and component makers have fallen sharply due to FII sell-offs and earnings downgrade expectations. The upcoming Union Budget is anticipated to address industry demands for GST rate simplification, hybrid vehicle GST reduction, and improved PLI schemes. Despite superior 1-year returns, the BSE Auto index has struggled over the past six months.

TVS Motor Q3 Results: TVS Motor Company reported a 4.2% YoY growth in standalone net profit for Q3FY25, reaching Rs 618 crore. Revenue grew by 10% to Rs 9,097 crore. The company saw a significant rise in scooter and electric scooter sales while motorcycle sales showed a moderate increase.

India is in a great position to actually apply AI. And if the power situation gets resolved by having more power plants, you are going to probably need to add about two gigs worth of power to be able to support the data centres.

Deven Choksey sees India benefiting from the US tech sell-off, highlighting AI, semiconductor growth, and strong stocks in financials, engineering R&D, and hospitality sectors. Focus on quality stocks for long-term growth.

Revenue from operations is estimated to grow 3% YoY, while PAT may decline 14% YoY, according to four brokerages. JLR volumes (excluding China JV) are expected to drop 4% YoY due to weak EU and China markets, with overall revenues (ex-China JV) likely falling 4% YoY in Q3FY25, driven by declining volumes.

The RBI is boosting liquidity with OMOs to purchase government securities worth Rs 60,000 crore in three tranches (January 30, February 13, and 20, 2025). A 56-day Variable Rate Repo auction for Rs 50,000 crore is set for February 7, 2025, and a USD/INR buy/sell swap auction of $5 billion with a six-month tenor on January 31, 2025.

The National Stock Exchange of India (NSE) denied reports about appointing Siddharth Kotak as AI Promotion Chairman, calling them false and unauthorized. NSE clarified that no such person has joined them and advised the public to ignore the misleading information.