Latest Stock Market News

Iware Supplychain Services is set to debut on the BSE SME platform with modest expectations, indicated by a grey market premium of Rs 2. The IPO, aiming to raise Rs 27 crore, was subscribed 3 times. The company, an integrated logistics player with warehousing and transportation services, reported revenues of Rs 85.82 crore and a profit of Rs 6.

Avenue Supermarts, parent company of DMart, is unlikely to enter the Q-commerce race, choosing instead to enhance delivery timelines and product variety. Bernstein India suggests DMart will focus on value and choice to compete with rapid delivery platforms. Despite concerns about overlap with Q-commerce users, DMart believes its big-box model offers sustainable value in the FMCG and grocery sectors.

Market expert Sandip Sabharwal is optimistic about Reliance Industries, infrastructure, and capital goods sectors, anticipating benefits from easing monetary conditions and policy support. He highlights Reliance s new energy initiatives and the undervalued potential of auto and infra stocks.

Anand Rathi has given a ‘Buy’ rating on Eternal with a target price of Rs 300, indicating a potential upside of 28% from the current market price of Rs 234.

Despite a slight economic downgrade, India s 6% growth rate positions it for continued market expansion, attracting both local and international investors. A valuation correction provided a favorable entry point, leading to a significant return of global investors. While export-oriented sectors face uncertainty, domestic consumption and rural-focused sectors like FMCG and BFSI are promising.

Ircon International has secured a Rs 187.08 crore work order from KSITIL for constructing a rural industrial park in Thiruvananthapuram, slated for completion in 30 months. This follows a Rs 458.14 crore contract from NEEPCO for civil works on the Tato-I Hydro Electric Project in Arunachal Pradesh, to be executed over 45 months.

Angel One s Sneha Seth analyzes Nifty and Nifty Bank. Nifty finds support around 24,200-24,300, facing resistance near 24,500-24,700. Profit-taking occurs in the banking index, with support at 54,400-54,500. MGL shows buying interest, potentially surpassing 1400-1405 resistance. SBI Card s chart structure suggests upward movement, supported by its 20 DMA. Seth recommends going long on MGL and buying SBI Card.

Trading below the 200 DMA is considered a negative signal because it indicates that the stock s price is below its long-term trend line.

Coforge s shares are in focus following a strong Q4 FY25 performance, with net profit rising 16.5% YoY to Rs 261 crore and revenue increasing 47% YoY to Rs 3,410 crore. The company reported a robust order intake of USD 2.1 billion and anticipates strong growth in FY26. The board has recommended an interim dividend of Rs 19 per share.