Latest Stock Market News

The Nifty Auto index was trading 0.66 per cent up at 20690.7.

MobiKwik shares: The stock has seen a sharp decline, falling 61% from its post-listing high of nearly Rs 700. It has also dropped below its IPO price of Rs 269, increasing investor concerns. Over the past week, shares have fallen by 13%, and in the last month, the decline has deepened to 24%.

Zydus Lifesciences shares rose nearly 2% to Rs 899.40 after receiving USFDA approval to manufacture Eluxadoline Tablets (75 mg & 100 mg) for IBS-D treatment. The company secured 180 days of shared generic drug exclusivity. Analysts set an average target price of Rs 1,066, indicating a 21% upside, though technical indicators suggest a bearish trend.

IRFC dividend date 2025: IRFC’s board is set to meet today, March 17, to approve its second interim dividend for FY 2024-25. Over the past 12 months, the company has declared Rs 1.50 per share in dividends, with a 1.27% yield. Meanwhile, IRFC shares have declined 13.78% YoY, with a 21.52% YTD drop, reflecting a persistent downtrend.

As of 10:53 am IST, Bitcoin was down 0.7% at $83,698, while Ethereum declined nearly 1% to $1,907. The global cryptocurrency market cap fell by 0.78%, reaching approximately $2.74 trillion over the past 24 hours.

Small mutual fund investors are standing firm against foreign institutional investors who have been selling Indian equities since September 2024. Despite the volatility, domestic investors have added nearly Rs 1.88 lakh crore, showcasing their unwavering commitment and financial discipline through sustained SIP contributions.

Ola Electric Mobility s shares dropped 3.8% following the disclosure of an insolvency petition filed against its subsidiary, Ola Electric Technologies, by Rosmerta Digital Services. The creditor has alleged payment defaults, prompting a petition to the National Company Law Tribunal. Ola Electric disputes the claims and seeks legal advice.

Tejas Networks shares: According to Trendlyne data, the average target price for the stock is Rs 1,100, indicating a potential upside of 67% from the current market price. The consensus recommendation from one analyst for the stock is a Strong Buy .

A closing price below the VWAP suggests that the stock ended lower than its average traded price for the day, with the average weighted by trading volume.