Latest Stock Market News

For the year 2025, domestic brokerage Nirmal Bang picks 7 stocks including Axiscades Technologies, Birla Corporation, CEAT, Elecon Engineering, Privi Speciality Chemicals, Samhi Hotels and Vishal Mega Mart. These stocks, from sectors like hospitality, specialty chemicals, and cement, are expected to rally up to 40%.

Amber Enterprises has experienced a 22% surge within two weeks, despite the broader market weakness. Analysts predict continued outperformance in the short term, with potential to test Rs 8,000, supported by strong technical indicators and positioning above significant EMAs.

On the technical charts, the RSI of the stock stood at 37.74.

ICICI Securities has issued a buy recommendation for Shyam Metalics and Energy with a target price of Rs 975. Currently priced at Rs 712.45, this Small Cap company in the ferrous metals sector has reported a consolidated total income of Rs 3708.61 crore for Q2 2024, showing a significant annual growth.

Brokerage firms have a positive outlook on several companies for 2025. Citi maintains a "Buy" on UltraTech Cement, Mirae Asset Sharekhan recommends "Buy" on Polycab India, and APL Apollo Tubes is also rated a "Buy" by Mirae Asset. These stocks are expected to benefit from strong growth, strategic expansions, and favorable market trends in the coming year.

Investors in 2025 should consider diversifying portfolios between Nasdaq and Nifty 50, focusing on factors such as market volatility, economic growth, and currency fluctuations. While US equities offer stability and profitability, India’s economic resilience and growth potential provide promising returns albeit with higher short-term risks.

The Indian rupee weakened slightly on Wednesday morning due to dollar bids from importers and muted trading at the start of 2025. The rupee traded at 85.6725 against the U.S. dollar. Dollar-rupee forward premiums retreated after an unusual surge. Trading activity remains low due to the New Year, with regional markets mostly closed.

The stock traded at a P/E multiple of 52.08, while the price-to-book value ratio stood at 16.73.

As of 30-Sep-2024, promoters held 39.98 per cent stake in the company, while FIIs held 26.73 per cent and domestic institutional investors had 9.39 per cent.

ITC’s long-awaited demerger of its hotel business is effective today, with a record date of January 6. ITC shareholders will receive one ITC Hotels share for every 10 ITC shares held. ITC will retain a 40% stake, while shareholders get 60%. ITC will inject Rs 1,500 crore into ITC Hotels.