Business / Business Today
Technology and growth stocks bore the brunt of the sell-off. Investor favorites like Nvidia and Palantir suffered sharp losses as traders flocked to traditionally defensive assets.
The mid- and small-cap segments, which outpaced large-caps for much of FY24, have recently suffered a sharp sell-off. The Nifty Small Cap 100 index has dropped 18% so far in 2025, while the Nifty Midcap 100 has declined 13%.
Nifty Next50 will see seven new stocks, including Bajaj Housing, BPCL, Britannia, CG Power, Hyundai Motor India, Indian Hotels, and Swiggy, replacing Adani Total Gas, BHEL, IRCTC, Jio Financial, NHPC, Union Bank, and Zomato.
Bandhan Bank's MD and CEO joined the bank in November 2024, while the two Executive Directors in 2023 and 2024. Its CFO, MFI business head and corporate banking head joined the lender in the past 12-24 months.
Multibagger stock: ABB India, which reported a mix set of number in the December 2024 quarter, has attracted some positive reports from the brokerage firms.
M&M share price: Shares of Mahindra & Mahindra Ltd dropped 6.6 per cent to Rs 2,653.25 on Thursday, commanding a total market capitalization of Rs 3.33 lakh crore.
India vs China: A total of 19 per cent of the fund managers in the survey were 'underweight' on Indian stocks, the foreign brokerage said. Japan, Taiwan and China remained the top 'overweights'.
JSW Energy shares: The stock rose 7.54 per cent to hit a high of Rs 503.70. Earlier this week, MOFSL reiterated its 'Buy' rating on JSW Energy with an SoTP-based target price of Rs 705.
Brokerage firms have turned positive on HDFC Bank and see a strong upside in the private banking major as they believe that the lender is marching towards normalized growth and profitability.
The BSE Sensex stood at 75,352.10, down 383.86 points or 0.51 per cent. Nifty fell 118 points or 0.51 per cent to 22,795.25.
Religare Enterprises informed stock exchanges BSE and NSE that the Burman family has acquired a controlling stake in the NBFC after the completion of the open offer.
Nalcos stock is factoring in alumina price of $450 per tonne, said Emkay Global. It sees upside skew in earnings for Nalco and Vedanta, with Ebitda upgrade potential of 16.8 per cent and 4.4 per cent, respectively.
The Suzlon Energy management recently participated in the Nuvama India Conference 2025 where it suggested that wind turbine generator contribution could be 20% going forward against mid-to-high-teens.
Stocks including Quality Power, M&M, NTPC Green, Tata Steel, Cipla, RVNL, Delta Corp, HG Infra and Berger Paints will be in the spotlight on Friday, February 21.
Adani Energy Solutions: Elara Securities said the transmission Ebitda is likely to double to Rs 7,600 crore by FY27, driven by India's RE target, 20-25 market share in the near term transmission bid and project pipeline.
Quality Power Electrical Equipments sold its shares in the price band of Rs 401-425 apiece, which could be applied for a minimum of 26 shares and its multiples to raise a total of Rs 858.70 crore.
Waaree Energies share price: The stock climbed 3.98 per cent to close at Rs 2,308.95. At this price, it has slipped 19.29 per cent on a year-to-date (YTD) basis.
Senco Gold share price: Bourses BSE and NSE have put the securities of Senco Gold under the short-term ASM (Additional Surveillance Measure) framework. Exchanges put stocks in short-term or long-term ASM frameworks to caution investors about high volatility in share prices.
Netweb Technologies shares: The multibagger had crashed about 57 per cent from its 52-week high at Rs 3,060 in December 2024 to Rs 1,304.25 on Tuesday.
On Thursday, LIC closed at Rs 777.90, up 1.83 per cent. The stock is down 13 per cent in 2025 so far and 25 per cent in the past one year.
The Navratna firm inked a Rs 1,034 crore contract with ministry of defence for supply of software defined radios (SDR) and Data Communication Terminals (DCT) for Indian Coast Guard.
Systematix has maintained 'Buy' ratings on Asian Paints, Berger Paints and Kansai Nerolac Paints with target prices of Rs 2,870, Rs 625 and Rs 340, respectively. It continued to prefer Berger Paints in the space.
Combined profit after tax (PAT) of BSE 500 stocks witnessed a 15% QoQ surge in December 2024 (Q3FY25), reaching Rs 4.09 lakh crore.
Tata Investment share price: The stock jumped 9.22 per cent to hit a day high of Rs 6,500. At this price, it has gained 24.20 per cent in a couple of trading sessions.
The stock has corrected 31% from its 52 week high of Rs 494.85 on September 27, 2024.
Gautam-Adani led Adani Group announced that its portfolio delivered the highest ever TTM Ebitda of Rs 86,789 crore in the quarter ended on December 31, 2024.
Axis Securities suggested target prices of Rs 1,720 for HG Infra Engineering Ltd, Rs 1,350 for Kalpataru Projects International Ltd and Rs 940 for J Kumar Infraprojects Ltd.
Tata Motors stock was trading 1.49% higher at Rs 691 on BSE. Market cap of the Tata Group firm stood at Rs 2.54 lakh crore.
Nomura said it is highly selective and is avoiding richly-valued stocks. It is 'Overweight' on financials, FMCG, oil and gas, telecom, pharma, power, internet, and real estate sectors.
Zomato and Jio Financial Services are likely to enter Nfity50 index the upcoming index rejig as announcement for the Nifty50 changes is likely on Friday, February 21, effective from March 31, 2025.
Shares of JSW Steel were trading on a flat note at Rs 981.90. Market cap of the firm stood at Rs 2.40 lakh crore.
Just Dial shares: The company's market cap has corrected 20 per cent since its Q3FY25 results, but its core market cap (ex-cash) has fallen 47.6 per cent. Just Dial's valuation is close to its lowest point ex-Covid.
Despite a good order book, execution is expected to stay muted as projects are still in initial phase of construction (seeking approvals). RVNL has guided for flattish revenue on YoY basis in FY25 and FY26.
With the guidance of 2.7 per cent YoY decline in top line in FY25, and weak exit rate likely to affect the FY26 growth, Banerjees task to is revive the growth and predictability of the business, Nuvama said.
HFCL stock rose 6.36% to Rs 88.77 on Wednesday against the previous close of Rs 83.47 on BSE.
Waaree Energies shares are down 23 per cent in 2025 so far. The stock is up 1.6 per cent in the past five sessions.
Care Ratings said the funds inflow from Adani Wilmar stake sale deal alleviates concerns on increased reliance on promoters towards bridging funding requirement for Adani Enterprises' capex in the medium term.
IRCTC shares dividend: Shares of the railway company Indian Railway Catering and Tourism Corporation shall trade ex-dividend today.
Stocks including Waaree Energies, Cyient, Bharat Forge, IREDA, Tata Tech, HFCL, Patanjali Foods, RITES and Orchid Pharma will be in the spotlight on Thursday, February 20.
An analyst from YES Securities said that Vedanta has faced downward pressure, leading to a gradual decline in its stock price towards the key support zone in the past 5-6 weeks.
We are quite bullish with respect to the auto industry. At present, the demand is very slow in the entry-level segment whereas there's a huge demand in the high- and the mid-end segments and that is where the OEMs need to focus going ahead, the market expert told Business Today.
Tata Technologies share price: The stock settled 1.21 per cent higher at Rs 729.75. At this closing value, it has moved up 2.70 per cent from its record low level of Rs 710.60, seen in yesterday's trade.
For Hindalco, strong domestic aluminium business is seen offsetting global volatility. Axis Securities suggested a 'Buy' and a target of Rs 710. For Tata Steel, it suggested a target of Rs 155.
Emkay Global Financial Services said Q2FY25 earnings season was disappointing, with single-digit PAT growth for the Nifty and BSE500
GRSE share price: The stock today soared 10.59 per cent to settle at Rs 1,351.70. At this closing value, it has cracked 29.64 per cent in six months.
JBM Auto share price today: Market cap of JBM Auto rose to Rs 15,282 crore on BSE. Total 0.66 lakh shares changed hands amounting to a turnover of Rs 4.08 crore on BSE.
Amid the rising volatility in the broader markets, Indian IT stocks have been facing the wrath of relentless sell-off and muted global sentiments.
The multibagger stock has fallen 45.43% in six months, 31.47% in a month and 22% in two weeks.
Tata Investment share price: The scrip traded higher than the 5-day, 10-, 20-day and 30-day simple moving averages (SMAs) but lower than the 50-day, 100-, 150-day and 200-day SMAs.
Tata Power expects earnings from the renewable segment will drive growth and will be aided by the commissioning of 5 GW of new renewable capacities.