Latest Stock Market News

Kalyan Jewellers share price rose 9.4% after Motilal Oswal AMC denied bribery rumors. The asset manager called the allegations "baseless" and emphasized its legacy of integrity. Kalyan Jewellers, despite recent share price drops, reported strong growth in Q3, with a 39% rise in revenue. Analysts remain positive on the stock with a "buy" consensus.

Vodafone Idea shares surged 10% amid reports of a government proposal to waive 50% of interest and 100% of penalties on AGR dues. This could offer significant relief to the financially distressed telco, with Vi expected to benefit the most. Analysts suggest the move may prevent a market duopoly and strengthen competition in India’s telecom sector.

On the technical charts, the RSI of the stock stood at 40.22.

So, I think markets are going to move a lot with policy announcements and that means that there could be volatility in the markets and it could be up days and down days based on what announcements are made and what that would mean for various companies and geographies.

The stock traded at a P/E multiple of 36.62, while the price-to-book value ratio stood at 11.32.

Swan Defence and Heavy Industries made its return to Dalal Street on Monday after a 1.5-year hiatus, with shares re-listing on the NSE and BSE. The stock surged 5%, hitting an intra-day high of Rs 37.78 on the BSE. The re-listing follows Swan Energy’s rebranding of Reliance Naval and Engineering Ltd (RNEL) to Swan Defence and Heavy Industries Ltd, effective January 2, 2025.

A total of 3,354 shares changed hands on the counter till time (IST).

State-owned Punjab and Sind Bank plans to raise Rs 2,000 crore through Qualified Institutional Placement (QIP) during the ongoing quarter, a top official of the bank said.

Kotak Mahindra Bank reported a 10% rise in December quarter net profit to ₹3,305 crore from the year earlier on the back of steady interest income growth.