Market News
Stay updated with the latest market trends, earnings, and economic indicators.
JM Financial backs Shyam Metalics FY31 outlook; retains 'Buy'; stock up 4%
At the current market price, JM Financial sees an upside of 11.57 per cent and has set a target price of ₹1,100 apiece
Shyam Metalics Analyst Meet Takeaways: Over 2x EBITDA And Revenue Growth Targeted In Five Years
Shyam Metalics is targeting a sharp expansion in revenue and earnings over the next five years, prompting brokerages such as JM Financial and Jefferies to raise their price targets on the stock.
Tata Motors PV shares plunge 10% after weaker than expected JLR FY27 guidance
Tata Motors Passenger Vehicles shares dropped significantly. This followed Jaguar Land Rover's investor day where its financial outlook for fiscal year 2027 was revealed. Profitability guidance fell short of analyst expectations. JLR projects revenue growth and improved EBIT margins. North America remains a key focus for future growth. The company plans to invest in new segments and high-potential markets.
Schneider Electric shares surge after Ambit calls it 'strong data center proxy'
Over financial year 2026-2029, Ambit expects order inflow CAGR of 19%, revenue CAGR of 24% and an EBIT CAGR of 40% for Schneider Electric.
Suzlon Energy shares jump over 6%. Why brokerages call it India’s most investible wind energy stock?
Suzlon Energy shares rose sharply on Tuesday after the company outlined an ambitious FY31 roadmap focused on expanding beyond wind energy into a broader renewable energy platform. Brokerages including Motilal Oswal, JM Financial, Systematix and Centrum remain bullish, citing Suzlon’s market leadership, execution strength and long-term growth potential.
Motilal Oswal Financial Services among 5 F&O stocks with a sharp rise in futures open interest
Motilal Oswal Financial Services was among five NSE F&O stocks witnessing a sharp rise in futures open interest on June 15. The overall OI increase exceeded 7%, indicating fresh long or short build-up. Other stocks showing notable OI gains included Radico Khaitan, Bajaj Auto, Cochin Shipyard and Tata Power.
Waaree Energies gets shareholders' nod to raise up to Rs 10,000 cr via QIP
Waaree Energies shareholders have approved a significant capital raise. The company can now raise up to Rs 10,000 crore through a Qualified Institutions Placement. This move will bolster the company's financial standing. Additionally, Jignesh Devchandbhai Rathod has been appointed as Whole-Time Director and CEO. These approvals were confirmed through a remote e-voting process.
Waaree Energies secures order to supply 800 MW solar modules
The order is a one-time contract for the supply of 800 MW solar modules from a domestic entity, and is scheduled to be executed over the financial year 2026-27, Waaree Energies said.
Delhi Power Consumers To Face Additional Charge, But Relief For Those Using 200-500 Units
Consumers receiving Delhi government electricity subsidies for usage of up to 200-500 units will not face any additional financial burden.
Falling crude oil price sends tyre, paint, oil marketing and airline companies soaring in relief rally
On Friday, a significant drop in oil prices caused a ripple effect in the stock market, with companies linked to crude oil benefiting the most. Firms in the oil marketing sector, tire production, and airlines enjoyed an uptick, as the affordable oil alleviated some financial anxieties. Conversely, upstream oil producers took a hit.
Elgi Equipments gains after proposing CFO Indranil Sen for Americas, Europe leadership role
Elgi Equipments rose 2% to Rs 605.30 after the company said it intends to appoint chief financial officer (CFO) Indranil Sen to the role of Business Head for the Americas (US and Brazil) and Europe.
Vedanta group's 4 demerged businesses set for stock market debut on June 15
Vedanta group's four demerged businesses are expected to list on the Bombay Stock Exchange and National Stock Exchange on Monday, sources said. Besides Vedanta Ltd, which is already listed, the shares of four newly created entities --Vedanta Aluminium Metal (VAML), Vedanta Oil & Gas (VOGL), Vedanta Power and Vedanta Iron & Steel (VISL) -- will begin trading on Indian stock exchanges. The much-awaited demerger is likely to unlock substantial value for shareholders since each company will now operate independently and raise capital as per its business plans, while giving investors an opportunity to invest in a specific sector. Vedanta's demerger was approved by the National Company Law Tribunal in December last year. Under the 1:1 approved demerger scheme, shareholders will receive one share of each demerged company for every one share held in the currently listed Vedanta Ltd. During an investors' call after the fourth quarter financial results, Vedanta Resources CEO Deshnee ...