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Latest Stock Market News

With a strong and diverse foothold in the clean energy sector, Waaree continues to strengthen India s position as a global leader in renewable energy, playing a key role in helping the nation achieve its ambitious target of 500 GW of renewable energy capacity by 2030.

NCC shares: The company stated that these orders were obtained in the normal course of business and awarded by various State and Central Government agencies.

Indian benchmark indices opened lower on Tuesday, weighed down by banking and IT stocks. Hindustan Aeronautics Ltd shares rallied 7.5% after signing a Rs 62,700-crore contract with the Ministry of Defence. HBL Engineering shares also rose 9.2% after securing contracts from Central Railway.

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ICICI Securities maintains a buy call on City Union Bank with a target price of Rs 200. Currently trading at Rs 157.4, the bank reported a quarterly income of Rs 1707.12 crore and a net profit of Rs 286.00 crore. Key risk includes slower-than-expected growth. Analysts expect no major impact on the gold loan business.

On Monday, gold and silver ended on a mixed note in both domestic and international markets. The June futures contract for gold closed at Rs 90,717 per 10 grams, marking a gain of 1.15%.

JM Financial maintains a Buy rating on Go Fashion (India) with a revised target of Rs 980, down from Rs 1,160. Despite facing a slowdown impacting new customer additions, the company plans to add 120 stores annually. The recent 30% stock price correction has rendered the stock favorable, coupled with strategic initiatives aiding long-term growth.

Saurabh Mukherjea, founder of Marcellus Investment Managers, raised cash and trimmed exposure in his small-cap-heavy Little Champs portfolio as small- and mid-cap stocks rallied in March. Concerned about valuations and decelerating earnings, he anticipates further corrections. He believes cash will help mitigate declines and provide opportunities to invest in quality stocks once the market stabilizes.

After initial volatility, the Nifty index experienced profit booking and settled the day on a negative note.

ICICI Securities has upgraded Hindustan Aeronautics to a Buy with a revised target price of Rs 5000. The company s strong financial performance, significant progress in development projects like Tejas Mk-II and AMCA, and potential additional orders for LCA Tejas Mk-1A contribute to this positive outlook. Key risks include possible delays in Tejas orders and margin pressures.

Vodafone Idea share price: The conversion, set at Rs 10 per share, represents a 47% premium over the stock s most recent closing price. As a result, Vi s shares surged by the 10% upper circuit limit, reaching Rs 7.49 on the BSE this morning.

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