Latest Stock Market News

Shares of Supreme Power Equipment rose 2.3% on the NSE after securing a Rs 3.63 crore order from TRANTRANSCO. The company, a leading manufacturer of power transformers, will execute the order in three months. This significant order is expected to boost revenue and strengthen their relationship with TRANTRANSCO.

Axis Securities recommends buying Aditya Birla Sun Life AMC shares, setting a target price of Rs 1045. Current shares are priced at Rs 852.3. The company reported significant growth in revenue and profit for the quarter ended September 2024. Promoters own 74.95% stake while FIIs and DIIs hold 4.54% and 12.37%, respectively.

Indian market may consolidate on Thursday with Nifty futures gaining 0.42% to close at 23,907 on Wednesday. Options data indicates a broader trading range between 23,200 to 24,300 zones. An immediate range is predicted between 23,500 to 24,000 levels. Expert recommendations for short-term trades include United Spirits, M&M, Voltas, Coromandel International, Apollo Hospitals, and Jubilant FoodWorks.

Stocks that reached fresh highs included Jubilant FoodWorks, which rose nearly 3%, Muthoot Finance, which gained almost 4%, and Laurus Labs, which closed with more than a 2% increase on Wednesday.

On January 1, 10 stocks from the Nifty200 pack showed an upward trend in RSI, indicating strengthening momentum and potential buying opportunities for traders.

Indian benchmark equity indices opened higher driven by gains in financial, auto, and IT stocks ahead of the quarterly earnings season. The BSE Sensex and Nifty50 showed early gains, with Tata Motors, Maruti Suzuki, and Mahindra & Mahindra leading the charge on the back of strong sales figures.

The stock market in 2025 may face several risks such as earnings pressure, geopolitical tensions, trade frictions, and rate adjustments by the US Federal Reserve. Issues like smallcap and midcap market froth and the Chinese economic recovery could also impact market dynamics. Investors should be prepared for potential corrections and pressures on earnings growth.

Brokerages are optimistic about largecap stocks in sectors like banking, auto, and insurance. Stocks like Axis Bank, IndusInd Bank, Tata Motors, and SBI are expected to deliver up to 67% returns. Analysts have provided high ratings and target prices indicating significant upside potentials for these stocks in the future. Investors are encouraged to consider these options.

Motilal Oswal Financial Services recommends buying KEI Industries with a target price of Rs 5150. The current price is Rs 4443. KEI Industries, a mid-cap company in the cables sector, showed strong financial performance in the last quarter. The company plans to focus on the retail segment and capacity expansion to drive future growth.

A total of 27,262 shares changed hands on the counter till time (IST).