Latest Stock Market News

LGT Wealth s CIO-Equities, Chakri Lokapriya, suggests a multicap approach, highlighting value in mid and small-caps after recent market volatility. He favors domestic-facing companies like Tata Consumer and Voltas, financials benefiting from government spending, and industrials. Cement companies like UltraTech are also promising. While IT faces discretionary spending uncertainty, chemicals offer an advantage due to favorable tariffs compared to China.

NHPC shares are in focus following the commencement of commercial operations for a 107 MW solar power capacity in Rajasthan. Additionally, trial runs for all units of the Parbati-II HE Project in Himachal Pradesh have been successfully completed, with commercial operations already declared for three units earlier this month.

RIL shares: Reliance Industries has posted a 17.58% drop over the past year. On a year-to-date (YTD) basis, the stock is down 0.19%. Over the last six months, it has declined by 11.07%, while the three-month and one-month performances show declines of 1.86% and 2.25%, respectively.

The recent market drawdown may have already factored in some but not all potential earnings cuts, especially in globally exposed sectors such as IT services and energy. In such a scenario, large-cap valuations look more attractive than mid- and small-caps, and also present fewer downside risks.

Ashoka Buildcon shares: The project entails gauge conversion along a 53.3-kilometer section between Pachora and Jamner in Maharashtra. The scope of work covers earthwork, construction of major and minor bridges, road under bridges (RUBs), permanent way (P-Way) work, and various other civil works.

Following market volatility due to tariff concerns, analysts suggest focusing on domestic-oriented sectors like banking, power, and healthcare. India s lower export dependency and resilient macro setup offer a safe haven. Experts recommend a diversified portfolio with stocks like Reliance, TVS Motor, and ICICI Bank, anticipating growth and outperformance in a post-tariff environment.

State Bank of India has slashed its External Benchmark Based Lending Rate and Repo Linked Lending Rate by 25 basis points, following the RBI’s repo rate cut to 6.25%. Effective April 15, the move is set to ease EMIs for retail borrowers and could buoy rate-sensitive stocks. SBI shares had closed 1.7% higher ahead of the announcement.

Amid market volatility, experts suggest four stocks for potential short-term gains. Bharti Hexacom shows buying interest with a target of Rs 1,580. MedPlus Health exhibits a bullish trend, aiming for Rs 875. NTPC displays a trend reversal pattern, targeting Rs 430 and Rs 480. Kaynes Technology indicates a breakout, potentially reaching Rs 6,150-6,800. These recommendations are based on technical analysis.

Motilal Oswal Financial Services maintains a neutral stance on KEI Industries. The target price is set at Rs 3,000. KEI Industries faces potential competition from UltraTech Cement and Adani Group. Despite this, business fundamentals remain strong. The brokerage anticipates a 16% EPS CAGR over FY25-27E. The stock trades at 33x/28x FY26E/27E EPS. Promoters hold 35.02% stake, while FIIs own 25.