Latest Stock Market News

Samvardhana Motherson shares: Shares of Samvardhana Motherson International Ltd advanced by 3.8% due to the company s announcement that new US tariffs on imported products, including automotive components, would not significantly impact its financials. The stock recovered from earlier losses, influenced by a positive outlook from CLSA.

Force Motors shares gained 7.5% after it announced a contract to supply 2,978 Gurkha light vehicles to the Indian Defence Forces. This order underscores Force Motors dedication to enhancing defense capabilities and the trust placed in the company by the military.

BEML has secured a Rs 405 crore contract from Bengaluru Metro Rail Corporation for manufacturing and launching metro cars, along with providing personnel training and 15 years of maintenance. Motilal Oswal Financial Mutual Fund acquired a 2.66 lakh-share stake in BEML. The stock has gained 13.6% recently, with a target price of Rs 3,838, indicating a 22% upside.

Indian equity indices Sensex and Nifty50 experienced a decline on Friday, driven by losses in M&M and Infosys despite positive foreign inflows. The Sensex was down 117 points while the Nifty50 gained 25 points. Notably, FPIs purchased Indian shares worth Rs 11,111 crore on Thursday, marking the highest single-day inflow in six months.

The Indian market is expected to consolidate on Friday, influenced by muted global cues. Nifty futures closed with modest gains, while India VIX fell. Experts suggest a broader trading range between 23,000 to 24,000 zones. Various analysts have provided stock recommendations for short-term traders, including ONGC, Jindal Steel, DLF, Hero MotoCorp, and IEX with specific targets and stop losses.

Hindustan Aeronautics Limited (HAL) has amended its contract with the Indian Air Force (IAF) for the delivery of Tejas Mk1 Final Operational Clearance (FOC) fighter jets, increasing the contract value to Rs 6,542.20 crore. Despite delays in production, the Tejas Mk1A program progresses with the first engine delivered by GE Aerospace. HAL’s Q3 profit saw a 14% increase.

JFSL has made an investment of Rs 1,000.24 crore in its fully-owned subsidiary, Jio Finance (JFL), by subscribing to 1.73 crore equity shares at Rs 10 per share. The capital will be used by JFL to support its ongoing business activities.

HDFC Securities recommends a buy on Prestige Estates Projects Ltd with a target of Rs 1914. Prestige Estates, a real estate firm, had a total income of Rs 1697.90 crore in Q3 2024. The company is noted for its diversified model and low-cost land acquisitions. Promoters hold 60.94% stake, with FIIs and DIIs owning 19.3% and 16.68% respectively.

Anurag Singh of Ansid Capital believes US tariffs will benefit the US in the medium term, despite global skepticism. Singh states that India s $40 billion trade gap with the US will lead to necessary concessions, positioning India for manufacturing gains. He contends the US economy will thrive by 2025 with reduced government spending and increased private sector support.