Latest Stock Market News

HDFC Securities suggests adding Marico shares, targeting Rs 785. Marico s Q4FY25 results exceeded expectations, driven by strong domestic volumes. Foods and digital brands performed well. Profitability faced pressure from raw material inflation and advertising costs. The brokerage forecasts revenue, EBITDA, and PAT CAGRs of 9%, 11%, and 11% respectively for FY25-FY28E. Growth is expected from domestic business and international operations.

Indian high net-worth individuals invested in Swiggy, Eternal, and Jio Financial Services during the March quarter. They exited Nykaa and Premier Energies. HNI holdings in NSE-listed firms decreased by Rs 1.02 lakh crore. Nitco Ltd. saw a significant increase in HNI stake. UBS maintains a positive outlook on Indian equities. Foreign institutional investors have been net buyers recently.

Axis Securities maintains a Buy call on Indian Hotels Company, revising the target price to Rs 900. The brokerage anticipates continued momentum in the hospitality sector, driven by limited room supply and increasing foreign tourist arrivals. A rising middle class with greater spending power is expected to further boost the company s revenue, projecting double-digit growth while maintaining stable margins.

InCred Equities is bullish on select stocks, identifying ten high-conviction ideas for investors. Their picks include HDFC Bank, TCS, Bajaj Finance, and UltraTech Cement, among others. The brokerage firm anticipates significant upside potential in these stocks, with Bajaj Auto and Shriram Finance projected to deliver returns of 33% each.

KEI Industries shares surged 4.1% following a robust March 2025 quarter, marked by a 34.4% jump in net profit to Rs 227 crore and a 25% revenue increase to Rs 2,915 crore. Despite a slight dip in operating margins, Nuvama maintains a Buy rating with a target price of Rs 4,010, anticipating further stock recovery.

ICICI Securities has a Reduce call for Avenue Supermarts. The target price is revised to Rs 3,500. Avenue Supermarts revenue, EBITDA and PAT are expected to grow. The company reported a consolidated total income of Rs 14896.91 crore for the quarter ended March 31, 2025. Upside risks include better general merchandise recovery. Downside risk is lower retail expansion.

India stated that the strikes were in response to the April 22 attack in Indian Kashmir that killed 26 people, holding Islamabad responsible. Pakistan denied any involvement but warned it would retaliate if targeted.

​Among the PSU bank basket, on one hand we have seen a very good set of number from Indian Bank, so there again, we feel there is a value that lies there trading at 0.9 times one year forward price to book. So, we feel the fair value of Indian Bank is close to Rs 650.

A closing price below the VWAP indicates potential selling pressure, as it reflects a price lower than the volume-weighted average of trades during the day.