Latest Stock Market News

Billionaire Mukesh Ambani is preparing for Reliance Jio’s IPO, expected to raise Rs 35,000-40,000 crore, marking one of the largest IPOs in Indian history. Valued at $120 billion, the IPO is set for the second half of 2025. It will include both existing and new shares, along with a pre-IPO placement for select investors. Official confirmation is pending.

Ravi Dharamshi, CIO of ValueQuest Investment, predicts that India will become an energy-exporting nation within ten years, driven by a shift from fossil fuels to renewable energy, particularly solar. He emphasizes the importance of protection for strategically significant sectors and discusses the evolving nature of consumption and the prospects for various financial segments.

Promoters held 70.08 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 8.41 per cent and 2.87 per cent, respectively.

The stock traded at a P/E multiple of 40.76, while the price-to-book value ratio stood at 11.32.

Shares of ITC Hotels are expected to list between Rs 200-300 after its demerger from ITC. The record date is January 6, with the listing likely before mid-February. Shareholders will receive one ITC Hotels share for every 10 ITC shares.

The government is trying to revive the real estate market and stimulate private sector investment. They aim to achieve a broad-based economic recovery by encouraging borrowing and addressing rural economy issues. Manufacturing and real estate, especially affordable housing, are expected to see positive changes. The need to sustain investment momentum and manage valuations is emphasized.

A total of 370,116 shares changed hands on the counter till 11:41AM (IST)

The crypto market shows bullish momentum, with Bitcoin hitting $95,560 and major altcoins like XRP, Solana, and Stellar seeing significant gains. Despite declining trading volume, institutional activity is rising, with Bitcoin range-bound near $95,000.

The stock quoted a 52-week high of Rs 3893.00 and a 52-week low of Rs 2380.05.

Experts debate whether Sensex or gold will hit the 1 lakh milestone first by 2025. Predictions vary with some favoring gold due to economic uncertainties, while others see a stronger potential in Sensex. Factors like US Federal Reserve policy decisions, US economy, and geopolitical events will influence the outcome.