Latest Stock Market News

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.

Neeraj Dewan, Market Expert, discusses the market s recovery post mid-February and evaluates shares like Vodafone Idea, BSE, and various two-wheelers. He advises cautious trading and selective investment in domestic economy-related stocks, considering market volatility and potential growth opportunities.

Arvind Sanger of Geosphere Capital Management shares his skepticism about the clarity of President Trump s impending tariff announcement. He believes negotiations and adjustments will follow. Sanger does not see tariffs as a definitive solution. He highlights that India is acting intelligently by not retaliating immediately. Investors are advised to remain cautious and consider buying opportunities in unaffected sectors.

The Indian market is expected to trade lower on Tuesday, influenced by muted global cues. Nifty is anticipated to trade between 23,000 to 24,000 zones. Recommendations include buying Ambuja Cement, Axis Bank, BEL, Bajaj Housing Finance, and Piramal Pharma with specified targets and stop losses.

HAL Share Price: Shares of Hindustan Aeronautics Ltd (HAL) surged by 7.6% after UBS maintained a buy rating, citing strong order momentum and revenue acceleration. HAL secured contracts worth Rs 62,700 crore for Light Combat Helicopters from the Ministry of Defence, significantly boosting its order book and domestic defence manufacturing.

Shares of IT companies fell up to 3% on April 1, ahead of President Trump’s announcement on reciprocal tariffs. Mphasis dropped the most at 3%. For the upcoming Q4 earnings, broker Motilal Oswal expects weak performance for large firms like Infosys and TCS, but recommends Tech Mahindra and Coforge for their strong growth outlook.