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Latest Stock Market News

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ICICI Securities recommends buying Bharti Airtel with a target price of Rs 1925 as its current market price is Rs 1693.1. The company reported strong Q3 financials with a total income of Rs 45599 crore and a net profit of Rs 14474.9 crore. Bharti s EBITDA is expected to benefit from Indus consolidation.

Several banks within the Nifty500 index, including Canara Bank and Bank of Baroda, demonstrated improved asset quality in Q3 FY25. These banks reported a decrease in net Non-Performing Assets (NPAs) compared to Q2 FY25. Investors in banking stocks are closely monitoring these NPA figures as Q4 FY25 results approach, indicating a positive trend in the banking sector s financial health.

Indian benchmark indices Nifty 50 and Sensex rebounded on Tuesday, recovering from Monday s sharp decline triggered by U.S. tariff concerns. Early trading saw widespread buying across sectors, with the BSE Sensex rising 1.56% and the Nifty 50 gaining 1.65%. Markets are also anticipating the Reserve Bank of India s policy decision on the repo rate, expected on April 9.

Brigade Enterprises has signed a Joint Development Agreement for a premium residential project in central Mysuru, spanning over 10 acres with a GDV of Rs 225 crore. The project will include plots and high-end apartments, enhancing the company’s presence in Karnataka’s top Tier 2 city. Analysts remain bullish, with a target price indicating a 58% upside.

Havells India s Lloyd has introduced its premium Luxuria Collection, featuring innovative air conditioner models and other consumer durables. To meet rising demand, Lloyd has expanded its manufacturing capacity to 3 million ACs per annum across its Ghiloth and Sri City plants. This strategic move aims to solidify its position in the premium market by offering superior quality and design.

Ola Electric shares: The SoftBank Group-backed company informed India’s Ministry of Road Transport and Highways in a March 21 letter that its February sales record included customer bookings for 10,866 third-generation e-scooters and 1,395 Roadster X motorcycles, which it referred to as "confirmed orders."

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ICICI Securities has issued a reduce call on Indus Towers, setting a target price of Rs 335. They anticipate rental revenue to rise slightly but expect a decline in EBITDA and net profit. They foresee a possible higher recovery from VIL. The current market price of Indus Towers is Rs 344.5.

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Indonesian markets faced turbulence after reopening. The stock market experienced a significant drop, triggering a trading halt. The rupiah also weakened to a record low against the dollar. This was largely due to the impact of US tariffs. Bank Indonesia intervened to stabilize the currency. The stock exchange modified trading rules to prevent further sell-offs.

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ICICI Securities Probal Sen views the excise duty hike, not passed to consumers, positively, especially after prior LPG compensation disappointments. The collected excise tax, along with the LPG cylinder price increase, will offset accumulated LPG losses. While the market anticipated a price cut, the government is monitoring crude price trends.

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JM Financial has issued a buy rating for AU Small Finance Bank Ltd. with a target price of Rs 650, citing strong growth in gross advances and deposits. Despite slight declines in the CASA ratio and pressure on margins, robust performance is expected. Asset quality in the unsecured portfolio remains a key monitorable.

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