Latest Stock Market News

Brokerage firm CLSA downgraded Delhivery to underperform, Jefferies has a hold rating on Zydus Life and an underperform rating on Anupam Rasayan. Citigroup recommended a buy on Phonix Mills.

Delhivery shares plummeted 12% to Rs 383.90 as higher losses in Q4 disappointed investors. CLSA downgraded the stock to underperform, citing revenue growth below expectations. Despite some positive metrics, profitability concerns persist, with analysts revising target prices.

The stock quoted a 52-week high price of Rs 464.3 and a 52-week low of Rs 201.75.

A total of 5,613 shares changed hands on the counter till 11:00AM (IST)

Hardick Bora discusses the state of the PSU banks versus the private banks, Nifty 50 Index, Fair Value Spectrum, small and midcap funds, and asset allocation strategy for moderate risk profiles. Bora says: "An election outcome with continuity of the current administration may strengthen the sentiments of local as well foreign investors."

Krishna Institute of Medical Sciences Ltd., incorporated in the year 1973, is a Small Cap company (having a market cap of Rs 15623.02 Crore) operating in Hospitals & Allied Services sector.

TVS Motors closed near resistance at Rs 2,191, poised for an upmove. Analyst Deven Mehata recommends a bull call spread strategy to capitalize on potential gains with a focus on highest put writing, ATM, and OTM option.