Latest Stock Market News

Adani Enterprise is set to benefit greatly from 2025 to 2027 with businesses like Adani Airports and Adani Roads becoming independent companies. Effective debt management and strong cash flows are expected to drive further growth. Reliance Jio platforms may be listed in 2025, providing significant opportunities. The government plans substantial infrastructure spending, benefiting related companies.

The precious metal capped off 2024 on a strong note with its best performance, notching 23 per cent returns in the domestic markets. The yellow metal hit an all-time high of Rs 82,400 per 10 grams on October 30 this year. Silver mirrored this stellar performance with a 30 per cent gain, surpassing the Rs 1 lakh level per kg level.

The stock quoted a 52-week high of Rs 4169.50 and a 52-week low of Rs 1928.70.

Adani Green Energy (AGEL) shares fell 2.3% after CEO Amit Singh announced his resignation, effective March 2025. Ashish Khanna will succeed him. AGEL stock has declined 34.4% in the past year and 45% in the last three months.

Citi upgraded Vodafone Idea to "buy" with a target price of Rs 13 per share, citing a significant bank guarantee waiver for spectrum payments. This relief eases financial pressure, improving funding prospects. Indus Towers also benefits.

Top brokerage firms have recommended five stocks for 2025 with potential returns up to 30%. Motilal Oswal suggests buying KEI Industries & JSW Energy & maintaining Ipca Laboratories. Goldman Sachs backs UltraTech Cement, while JPMorgan rates Cholamandalam Investment as overweight

The Nifty Bank index was trading 0.28 per cent at 50808.85.

As of 30-Sep-2024, promoters held 68.43 per cent stake in the company, while FIIs held 11.96 per cent and domestic institutional investors had 3.62 per cent.

The Relative Strength Index of the stock stood at 40.73 on Tuesday.

Bitcoin dropped below $92,000 amid profit-taking and uncertainty over the Federal Reserve’s rate cuts for 2025. Ethereum and other cryptocurrencies also declined. Institutional buying continued despite retail selling, indicating strong investor confidence.