Latest Stock Market News

The stock quoted a 52-week high price of Rs 2913.35 and low of Rs 2068.45.

The booming PSU stocks market, which has seen remarkable returns, is now under scrutiny as the Budget approaches. Potential stake divestments in low-float companies could impact prices. Experts caution about high valuations and advise vigilance amidst market uncertainties.

Stock markets hit new highs as Sensex crosses 81,000 and Nifty tops 24,800. Expert opinions on Bajaj Auto, Ultratech, and KEC International provide insights for investors. Recommendations include price targets and stop loss levels for risk management.

Several major companies, including Reliance Industries, Wipro, and Paytm, are set to announce their first quarter results today. Expectations range from profit growth to revenue declines across different sectors. Investors are advised to stay informed and watch out for key updates.

HDFC Bank MD Sashidhar Jagdishan stated advances will grow slower post-HDFC merger to lower the 110% credit-deposit ratio. The bank plans 900 new semi-urban branches and saw a drop in attrition despite a social media controversy. RBI’s Das cautioned against aggressive lending. Liquidity buffers and prepaying borrowings are vital steps.

TSMC raises revenue forecast due to AI chip demand, rejects U.S. joint venture. Profits exceed expectations. Company investing in new plants globally. CEO expects tight capacity until 2026. Strong smartphone and AI demand projected for next quarter.

InCred Asset Management, led by Bhupinder Singh, is closing the multi-cap AIF India Value Growth Fund I, returning ₹80 crore. Managed by Aditya Sood, the fund delivered 165.0% returns since September 2019. Steep valuations, increased 15-25% cash holdings ahead of Union Budget, and new investor warnings drove the decision. Market risks come from US economic conditions.

Sanstar, the fifth-largest maize-based products manufacturer, is launching a ₹510-crore IPO to fund expansion and repay debt. With revenues and profits on the rise, investors may want to monitor post-expansion performance before investing.

State-owned Bank of India raised ₹5,000 crore through 10-year bonds at 7.54% interest, with a base size of ₹2,000 crore and a greenshoe option of ₹3,000 crore. It informed exchanges of 127 bids worth ₹15,318 crore. Funds support long-term infrastructure and affordable housing per RBI guidelines, exempt from cash and Statutory Liquidity Ratios for better interest cost management.

Eleven stocks including Balrampur Chini, Bandhan Bank, and GMR Airports are in F&O trade ban due to MWPL over 95% and OI data reported by Trendlyne. GNFC, HAL, Hindustan Copper, The India Cements, PEL, RBL Bank, SAIL, Vedanta included. Index traders unaffected. Ban reverses if OI falls below 80%. MWPL limits apply. Chambal Fertilizers exited.