Latest Stock Market News

Shares of PSU defence major Hindustan Aeronautics (HAL) surged 3.6% Tuesday on BSE to its fresh all-time high of Rs 4,064 after the global brokerage firm UBS increased its 12-month target price on the stock to Rs 5,200.

Sanjiv Bhasin predicts market trends post 23,000 crossing, election results. Advocates stock selection, supports AB Group, discusses real estate plays. Emphasizes Ashok Leyland potential over Tata Motors. Prefers Indiabulls Real Estate for better risk-reward.

Promoters held 68.58 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 11.31 per cent and 3.6 per cent, respectively.

A total of 429,197 shares changed hands on the counter till 11:37AM (IST)

Refractory Shapes had a successful debut on NSE SME, listing at Rs 75 with a 142% premium. The IPO of 60 lakh shares was oversubscribed by 200 times, catering to diverse industries and offering tailored products.

Winsol Engineers shares debut at 387% premium on NSE SME. Listed at Rs 365 vs Rs 75. Oversubscribed 600 times. Proceeds for working capital, corporate needs, public issue expenses. Offers BoP solutions and maintenance services.

Gold, the haven of choice for decades, is still seen as the best safeguard against the risk of rising prices, according to 46% of survey participants. But nearly a third said the tech behemoths are their first pick for the role.

Rustagi advises cautious investment in thematic funds, considering government focus areas like defence, infrastructure, and pharma post-election. He highlights the need for strategic timing, growth assessment, and exposure analysis to optimize sectoral investments.

Shares of foodtech platform Zomato on Tuesday fell up to 6% to Rs 182.10 on BSE even as brokerages like CLSA, Jefferies, Bernstein and Elara raised target prices going up to Rs 280 per share following an impressive show in Q4 results.