Latest Stock Market News

Shares of One Mobikwik Systems will be in focus as the company announces its first quarterly earnings since listing. Mobikwik, with significant revenue and net profit growth, aims to expand its digital payments, credit, and investment services. Experts suggest cautious profit booking given high listing gains.

Technichem Organics is set to list its shares on the BSE SME platform after its IPO was oversubscribed 425 times. Despite a revenue decline, the company reported a significant profit increase in FY24. The net proceeds will fund capital expenditure, debt repayment, and general corporate purposes.

Recent declines in the stock market present a buying opportunity, as fundamentals have not changed. Investors should have their purchasing lists ready. Earnings may moderate, and valuations might need adjustment. Expect some global uncertainties and impact on currency. Wait to invest in PSU banks, instead opt for niche sectors like housing finance NBFCs and power finance companies.

JetSynthesys, backed by Adar Poonawalla and Sachin Tendulkar, may go public within 18-36 months to fund expansion. The company targets 20-fold growth in gaming, entertainment, and wellness sectors. It recently invested $4.5 million in Saudi game developer UMX Studio and launched the Global eCricket Premier League, aiming to combine cricket, gaming, and entertainment.

In response to reports about a planned Rs 1,000 crore IPO, the company confirmed that its board has approved the proposal. BPCL, GAIL India, and IGL are preparing to list their joint venture city gas distribution company in the upcoming fiscal year.

Foreign institutional investors have significantly increased their investment in Indian IT stocks, anticipating improved revenue growth driven by macroeconomic stability and the anticipated US rate cuts. Analysts predict strong performances from HCL Tech, Coforge, and Persistent, with Infosys, Wipro, and LTIMindtree being top picks.

The 99acres Real Estate segment showed notable growth, with quarterly billings reaching Rs 102.6 crore in Q3 FY24, marking a 15.7% increase from Rs 88.4 crore in Q3 FY23. For the nine-month period, billings totaled Rs 290.9 crore, reflecting a 14.5% rise from Rs 254.1 crore.

FIIs turned net buyers overall for the month, purchasing Indian equities worth Rs 15,446 crore, marking a sharp reversal from their net selling of Rs 21,611 crore in November 2024.

Sensex and Nifty50 traded higher on Tuesday, rebounding from their worst session in three months. This was driven by gains in banking, IT, and energy stocks. Major stocks like Titan, Power Grid, and IndusInd Bank saw significant gains. The corporate results season starts later this week. Experts suggest there may be a market rebound.