Latest Stock Market News

HDFC Securities recommends buying Galaxy Surfactants. The target price is Rs 3,466. The current market price is Rs 2,749.55. The recommendation is based on the positive outlook for the home and personal care industry. Demand for premium specialty care products is expected to rebound. Demand in other markets is also expected to continue.

Global brokerage firms have shared optimistic outlooks on key stocks. Nomura remains bullish on Hero MotoCorp, citing rural growth, while Citi maintains a positive view on Grasim Industries despite a weak Q2. CLSA continues to favor Crompton Greaves Consumer Electricals for its sustained growth and margin improvement, with all three stocks showing significant upside potential.

Indian benchmark equity indices traded lower on Monday, weighed down by concerns over slowing earnings growth and foreign outflows. Additionally, comments from the Federal Reserve Chair signaling a slower pace of interest rate cuts further dampened market sentiment.

After a significant sell-off wiping nearly Rs 50 lakh crore from the Indian stock market, foreign institutional investors (FIIs) are showing early signs of a turnaround. Analysts believe that reduced selling and potential policy clarity from the Trump administration could lead to renewed FII inflows, potentially boosting the market.

Analysts have identified stocks that could potentially yield up to 19% returns soon. These stocks include Indian Hotels, Jio Finance, Lemon Tree, Samvardhana Motherson, and Bajaj Holding. Analysts cite various technical indicators like breakouts, bullish candle formations, and positive RSI trends as reasons for their optimistic outlook.

Honasa Consumer, the parent company of Mamaearth, reported a consolidated net loss of Rs 19 crore in Q2FY25, attributing it to a one-time inventory correction. Despite a 7% YoY decline in revenue, the company highlighted a 5.7% growth adjusted for inventory and emphasized its strategic shift in distribution model as a key driver for future growth.

Market analyst Laurence Balanco predicts the Nifty could reach 37,000 by the end of the decade, driven by a resurgence in private banks. However, he advises caution in the short term, noting a potential double top pattern in the Euro Stoxx 600 and weakness in Indian auto, FMCG, and real estate sectors.

A Balasubramanian, MD & CEO of Aditya Birla Sun Life AMC, suggests that cyclical downturns present great buying opportunities in sectors like banking and IT. He believes these sectors have undergone time value correction, making them attractive investments for long-term growth, particularly as India aims for a $10 trillion economy.

Muthoot Finance shares will be in focus on Monday following a 21% rise in consolidated net profit to Rs 1,321 crore for Q2, up from Rs 1,095 crore last year. Total revenue surged 37% to Rs 4,929 crore, while net interest income (NII) increased 35.5% to Rs 2,518 crore. The board also approved an additional Rs 500 crore equity infusion into subsidiary Muthoot Money.