Latest Stock Market News

Ather Energy s IPO, priced at Rs 304-321 per share, opens April 28, aiming to raise funds for expansion and R&D. The IPO includes a fresh equity issue and an offer for sale by promoters.

President Trump has softened his stance on firing Federal Reserve Chair Jerome Powell, reassuring markets after previous threats rattled investors. While stating he has no intention of firing Powell, Trump still wants the Fed to cut interest rates. This development, along with optimism about a potential trade deal with China that could lower tariffs, boosted investor confidence.

Neel Kashkari, President of the Federal Reserve Bank of Minnesota, stated that it s premature to determine how tariffs will impact interest rates, inflation, and the economy. He acknowledged the uncertainty surrounding trade policy is causing anxiety and hindering economic growth. Kashkari defended the Fed s independence, emphasizing that policy decisions are driven by economic data, not politics.

Tankup Engineers Rs 20 crore SME IPO is set to open on April 23, offering about 13.95 lakh fresh equity shares. With a price band of Rs 133-140 per share, the IPO aims to raise funds for debt repayment, working capital, and general corporate needs. The company manufactures specialized vehicle superstructures for various industries, reporting Rs 12.

Indian benchmark indices experienced a sixth consecutive day of gains, fueled by banking and FMCG sectors and foreign investment inflows. Viral Chheda of SSJ Finance and Securities suggests a buy-on-dips strategy for HCL Tech, Nestle, and Bajaj Housing, anticipating significant upside potential over the next 10-12 months, while advising on stop-loss levels to manage risk.

The Q4 earnings season is gaining traction, with LTIMindtree, Bajaj Housing Finance, and Tata Tele Services among 28 companies set to announce results. Bajaj Housing is expected to report strong profit growth, potentially up 61% to ₹613 crore. However, LTIMindtree anticipates flat revenues due to weakness in travel and hi-tech sectors, impacting margins despite cost-cutting efforts.

Waaree Energies reported a robust Q4, with net profit surging 34.1% YoY to Rs 618.9 crore, driven by a 36.4% rise in revenue to Rs 4,003.9 crore. EBITDA more than doubled, and module production increased significantly. The company s board approved capacity expansions in Texas and Pune to support future growth, while analysts suggest a Hold rating on the stock.

ICICI Securities Vinod Karki suggests India s growth prospects are improving relative to China and the US, potentially attracting more investment. He highlights value in financials and commodities, driven by growth and pricing improvements. Karki anticipates bilateral trade agreements will prevent a severe global recession, favoring industrial, financial, and discretionary consumption sectors for investors.

Bajaj Housing Finance is expected to announce strong Q4 results, with Kotak Equities projecting a 61% profit surge to ₹613 crore and a 34% NII increase to ₹844 crore. AUM growth is anticipated to be around 5.6% QoQ, while NIM is expected to remain stable. Ventura suggests a positive uptrend for Bajaj Housing stock, setting a target of ₹170.