Latest Stock Market News

Abu Dhabi-based IHC divested a 1.83% stake in Adani Energy Solutions for Rs 1,737 crore through open market transactions, reducing its shareholding to 0.85%. This sale by IHC s affiliate, Envestcom Holding, follows a previous sale of Adani Enterprises shares in March.

Indian markets closed lower for the second consecutive session, dragged down by pharma and IT stocks. Technical analysis suggests a bearish outlook for Nifty, advising a sell on rise strategy below 24,850.

JSW Cement secured Rs 1,080 crore from anchor investors before its IPO launch. The IPO opens on Thursday and closes on Monday. It includes a fresh issue and an offer for sale. Funds will support a new facility and debt repayment. The IPO price is Rs 139-147 per share.

Hero MotoCorp reported a slight increase in net profit to Rs 1125.70 crore for Q1 2025, despite a 5.6% drop in revenue to Rs 9578.86 crore and a 10.9% decrease in two-wheeler sales. The company s EBITDA margin remained stable at 14.4%. Executives are optimistic about future growth due to positive customer sentiment, the upcoming festive season, and new product launches.

Promoters in seven Nifty500 companies reduced pledged shares in Q1FY26, signaling improved financial health and reduced debt reliance. Hindustan Zinc and IRB Infra led with sharp declines, enhancing investor confidence and indicating promoter trust in business fundamentals.​

Prestige Hospitality Ventures, the Prestige Group s hospitality arm, has received SEBI approval for its ₹2,700 crore IPO. The IPO includes a fresh issue of shares and an offer for sale by Prestige Estates Projects. Proceeds will be used for debt repayment, acquisitions, and general corporate purposes, reflecting confidence in India s premium hospitality sector.

NDR InvIT Trust reported a robust 35% year-on-year revenue increase, reaching ₹1,015.59 million in Q1 FY26, driven by high occupancy and strategic asset additions. The Trust s EBITDA improved significantly, and it declared a distribution of ₹1.825 per unit. Expanding its footprint to 15 cities with 37 logistics parks, NDR InvIT is poised to capitalize on India s growing warehousing sector.

Bharat Heavy Electricals Ltd reported a consolidated net loss of Rs 608.04 crore for Q1FY26, widening from Rs 278.99 crore in the previous year. Despite an increase in total income to Rs 5658.07 crore, rising expenses contributed to the loss. The company is addressing overdue receivables from STPG and RVUNL, with RVUNL having already paid Rs 90 crore.

Aswath Damodaran warns about AI scams using his image. He highlights an Instagram scam and its flaws. Damodaran discusses an NYU AI project that mimics his work. He advises investors to be cautious and do their research. He emphasizes the importance of investor education. Damodaran believes regulators won t solve the problem. He urges investors to be aware of risks.