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Latest Stock Market News

Anupam Rasayan India s shares will be in focus following a 10-year LOI with a Korean multinational for specialty chemicals worth $106 million, expected to commence from FY26. This deal highlights the company s strong R&D capabilities and presence in high-growth markets. CEO Gopal Agrawal emphasizes the company s commitment to innovation and reliability in global supply chains.

Syngene International announced acquiring its first biologics facility in the U.S. from Emergent Manufacturing for $36.5 million. This acquisition will boost Syngene s bioreactor capacity to 50,000 liters, enhancing its large molecule discovery and manufacturing capabilities. While the move is strategic, it may temporarily affect operating margins.

IndusInd Bank shares: The bank reported a 39% decline in its standalone net profit for the December quarter, falling to Rs 1,401 crore compared to Rs 2,298 crore in the same period last year. However, the profit after tax (PAT) exceeded analysts expectations, which had forecasted Rs 1,282 crore.

Citi downgrades US stocks allocation

Updated at : 2025-03-11 09:20:02

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Citi analysts downgraded U.S. stocks to neutral and upgraded China to overweight, predicting the U.S. economy s growth might lag in the coming months. According to Dirk Willer, this change reflects a clearer view that U.S. exceptionalism is pausing. The overall equities stance remains neutral.

Mayuresh Joshi of Marketsmith India highlights potential triggers for Reliance s stock recovery, including de-merger news, sustainable telecom ARPU increases, and a possible Chinese recovery in downstream product prices. Additionally, he mentions prospects for the chemical and two-wheeler sectors, emphasizing agrochemicals and the potential impact of rural recovery on two-wheeler demand.

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Japanese shares plunged over 2% on Tuesday, influenced by Wall Street s losses amid fears of a U.S. recession and a stronger yen. The Nikkei index fell to its lowest since mid-September, while the Topix hit its lowest since late October. Exporters like Toyota and Sony saw significant declines.

Ashoka Buildcon shares: The contract involves the establishment of a 400/220 KV substation at Nandgaon Peth in Amravati district, along with the associated transmission lines under the Amravati Zone. The scope of work includes supply, erection, testing, commissioning, and civil construction.

The first MoU has been signed to set up a 4200 MW nuclear power plant in Chhattisgarh, with an estimated investment of Rs 80,000 crore. The second MoU was agreed upon between Chhattisgarh State Power Generation Company Limited (CSPGCL) and NTPC.

As of 10:22 a.m. on Tuesday in Singapore, Bitcoin was trading at $79,477. Hayden Hughes, head of crypto investments at family office Evergreen Growth, believes the largest digital asset will find support at $73,000 and $70,000. He noted, "There will be strong buying at those levels."

Buy PDS, target price Rs 790: JM Financial

Updated at : 2025-03-11 09:20:02

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JM Financial maintains a buy call on PDS with an unchanged target price of Rs 790. The current market price is Rs 449.6. PDS aims for $3 billion GMV over 3 years and 3% PAT by FY27. Expected demand growth in FY26 and FY27, along with strategic acquisitions and diversification, support the positive outlook.

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