Latest Stock Market News

Prominent financial institutions predict substantial upside for stocks including NTPC, Swiggy, Zomato, Mahanagar Gas, and HDFC Life Insurance by 2025. Notable upsides are 48% for NTPC, 50% for Swiggy, 63% for Zomato, 24% for Mahanagar Gas, and 43% for HDFC Life.

​In other words, fiscal policy will be very stimulative and you can see that the bond market has reacted to that already with yields rising quite fast and I think that that has had a negative impact on equities.

Nilesh Shah, MD, Kotak AMC, emphasizes the importance of evaluating PSU stocks individually, being mindful of valuation, especially in low-floating stock counters. Areas like private banks, IT, pharmaceuticals, rural-focused FMCG, and certain segments of PSUs such as banks and the defense sector hold potential for better earnings growth. The market expects moderate returns with focus on bottom-up stock picking.

A total of 34,328 shares changed hands on the counter till 12:58PM (IST)

The stock traded at a P/E multiple of 8.75, while the price-to-book value ratio stood at 1.34.

HFCL shares soared 4.3% on January 17 after receiving an advance work order worth Rs 2,501.30 crore from BSNL for BharatNet Phase III in Punjab. The contract involves design, supply, construction, and maintenance, with completion expected in three years and a 10-year maintenance period. HFCL’s technical indicators show a bearish outlook, trading below several moving averages.

Indian benchmark indices Sensex and Nifty50 opened lower on Friday, dragged by declines in Infosys and Axis Bank stocks after their Q3 results. Shares of Infosys fell over 4% despite an 11% YoY growth in net profit. Axis Bank shares also dropped over 4% following a miss in quarterly profit forecast, citing slower loan growth and higher provisions.

When the closing price falls below the VWAP, it signifies that the closing price is lower than the average price at which the stock was traded throughout the day, with the average being weighted by trading volume.

Waaree Renewable Technologies reported a 16.7% YoY decline in profit after tax (PAT) for Q3FY25, at Rs 53.50 crore, compared to Rs 64.25 crore in Q3FY24. However, the company saw an 11.15% YoY revenue growth, reaching Rs 360.35 crore. For 9MFY25, revenue surged 85.87% YoY to Rs 1,121.17 crore, compared to Rs 603.19 crore in 9MFY24.