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Latest Stock Market News

Axis Securities gives an overweight call to Bharti Airtel with a target price of Rs 1,900, citing superior margins, impressive subscriber growth, and increased 4G conversions. Bharti Airtel, a major player in the Telecommunications sector, reported significant financial gains with a Q3 consolidated total income rise to Rs 45,599 crore and a net profit of Rs 14,474.9 crore.

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In a recent decision, the Delhi High Court upheld an Interim Award in favor of BHEL, directing RattanIndia Power Ltd. to pay Rs. 115 crores, along with an 18% annual interest, starting from July 27, 2017.

Smallcap stocks witness a surprising rally, adding Rs 4 lakh crore in four days, though many stocks remain significantly below their peaks. Experts urge caution as valuations are still high and market sentiment remains fragile. Investors are advised to focus on fundamentally strong largecaps for better risk-adjusted returns and remain selective in smallcap investments.

Shares of IndusInd Bank dropped by 5.4% following the RBI s decision to grant CEO Sumant Kathpalia only a one-year extension. This departure from the usual three-year tenure raises concerns over strategic instability and potential management transition, impacting investor sentiment negatively.

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A White Marubozu is a bullish candlestick pattern in technical analysis.

JM Financial recommends buying SBI Life Insurance Company with a revised target price of Rs 1,700. The current price is Rs 1429.8. SBI Life has reported a slowdown but is expected to see significant growth. The company aims for a 15.2% growth in the upcoming years. Promoters hold 55.38% stake.

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Market Cap (Market Capitalization) is the total value of a company’s outstanding shares of stock.

Gensol Engineering shares fell after promoters sold 2.37% equity to reinvest in the business. Following an 18-day, 70% drop, the company aims to enhance stability and growth. Promoters will reinvest sale proceeds in June. Plans for a stock split and fundraising will be considered on March 13.

The Indian rupee weakened by 0.4% against the U.S. dollar, reaching 87.26, driven by strong dollar demand and a declining Chinese yuan amid global trade war concerns and economic slowdown fears. The dollar index recovered to 103.8 after a recent low, affected by tepid risk sentiment in Asian currencies.

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Indian government bond yields stayed steady at the start of the week amid heavy debt supply and upcoming central bank bond purchases. States plan to raise significantly more than previously announced, while the Reserve Bank of India is set to buy bonds worth 500 billion rupees. U.S. yields rose after Federal Reserve Chair Jerome Powell s comments on interest rates.

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