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Anand Rathi Wealth on Monday announced that it will allot bonus shares to its existing shareholders in the ratio of 1:1 which means one bonus equity share will be given for every one equity share held presently. The company will inform about the record date via a separate filing. The company has proposed to issue over 4.15 crore equity shares.

HCL Technologies on Monday reported 6% growth in its consolidated net profit at Rs 4,591 crore for the quarter ended December 2024. The same stood at Rs 4,350 crore a year ago. Revenue from operations in the third quarter rose 5% to Rs 29,890 crore, compared with Rs 28,446 crore in the same quarter of last year.

capital on Monday, according to the All India Sarafa Association. The precious metal had settled at Rs 80,550 per 10 grams in the previous session on Friday. In the past five trading sessions, gold prices appreciated Rs 1,660, or 2.1 per cent, to Rs 80,660 per 10 grams.

On the BSE, Sangam Renewables(down 20.00 per cent), Sayaji Hotels(down 16.05 per cent), Welspun Investments (down 15.12 per cent), Empire Ind(down 14.45 per cent) and Spectrum Foods(down 13.82 per cent) stood among the top losers in today's trade.

Apar Industries as a giant that is still growing, domestic brokerage firm Nuvama initiated coverage on the stock with a ‘buy’ rating and a target price of Rs 12,700, signaling an upside of 25.5% from Monday’s closing price. “We argue that APAR is a favored play on India’s T&D capex super-cycle, which would spur demand for high-value-added/efficient conductors. Re-conductoring and export pick-up can further drive growth (18%+ EPS CAGR over FY24–27E at 23% RoE),” said Nuvama in its report.

fiscal deficit targets, consolidation efforts, spending priorities, among others, as markets keenly observe how India’s fiscal policymakers plan to navigate a cyclical growth slowdown and elevated public debt. The first question investors are asking, according to Goldman Sachs, is whether the government will meet its FY25 fiscal deficit target of 4.9% of GDP. The brokerage said the answer to that is yes. Higher income tax collections and increased dividends from the Reserve Bank of India (RBI) and state-owned enterprises are expected to offset shortfalls in corporate taxes and excise duties. Lower-than-budgeted capital expenditure further supports the government’s ability to stay on track despite slower nominal GDP growth.

stocks rallied as much as 15% in Mumbai trading on Monday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the amid brisk in frontline bluechip counters. Stocks that surged in excess of 15% included, Sri Chakra Cement(20.00%), Palash Securities(17.18%), Centenial Surg(16.23%) and AVI Products India (15.81%).

Indian stock markets have been on a bumpy ride over the past few months. While there were moments of recovery, the lack of stability has left many investors feeling uncertain and losing confidence. So, what’s really going on? ETMarkets spoke to Kranthi Bathini, Equity Strategist at Wealthmills Securities to decode the current market scene. Excerpts: Markets have been on a downtrend lately, can you summarize the current market situation? Kranthi Bathini: We’ve observed a seesaw pattern in the markets recently. After a mild recovery in early January, markets failed to sustain above the 24,000 mark due to several factors:

capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares aggregating up to Rs 320 crore by the company, and an offer for sale (OFS) of up to 1 crore equity shares by promoters, according to the Draft Red Herring Prospectus (DRHP) on Saturday. The company proposes to utilise the net proceeds towards funding capital expenditure requirements for setting up new projects in subsidiary ALCU, payment of debt, and general corporate purposes.

Elara Capital on Monday said it has initiated coverage on the hypermarket chain Vishal Mega Mart with a ‘buy’ rating at a target price of Rs 140 per share, which implies a potential upside of over 35% from the stock’s current levels. The brokerage has cited the company's strong balance sheet, efficient operations, and significant growth potential in India's expanding retail market. On Monday, Vishal Mega Mart shares were trading 5% lower at Rs 103.05 on the BSE. The company, which operates supermarket chains across 30 states and Union Territories in India, has shown strong momentum since its listing on December 18. The company debuted at Rs 110 on BSE, delivering an immediate 41% premium to IPO investors, while on NSE, the shares opened at Rs 104, representing a 33.3% premium.

European shares were dragged lower by technology and healthcare stocks on Monday, as global equities faced pressure after U.S. jobs data reinforced bets the Federal Reserve will be cautious in cutting interest rates this year. The pan-European STOXX 600 was down 0.5% by 0812 GMT, extending its declines following a near 1% drop on Friday when data showed U.S. job growth unexpectedly accelerated in December while the unemployment rate fell to 4.1%.

PB Fintech, the parent company of Paisabazaar and Policybazaar, tumbled 6.7% in Monday’s intraday trade to a low of Rs 1,730.50 after global brokerage firm Morgan Stanley downgraded PB the stock’s rating to «Underweight» with a target price of Rs 1,400. Morgan Stanley has previously assigned an «Equal Weight,» rating to the stock. Additionally, the stock's target price indicates a potential for a 24% downside from Friday's closing price.

MOIL Ltd.(up 2.87%), Lexus Granito(India)Ltd.(up 1.24%), Ashapura Minechem Ltd.(up 0.31%), Aro Granite Industries Ltd.(up 0.23%) and Coal India Ltd.(up 0.05%) were among the top gainers.

On the BSE, Betex India(down 12.24 per cent), Goblin India(down 12.00 per cent), Sangam Renewables(down 11.67 per cent), Vishvprabha Ventures(down 11.23 per cent) and Purple Entertainment(down 10.21 per cent) were among the stocks that plunged over 5 per cent during the session.

ICICI Lombard General Insurance Company Ltd. traded 0.3 per cent in Monday's trade at 10:30AM (IST). Around 640 shares changed hands on the counter. The scrip opened at Rs 1860.15 and touched an intraday high and low of Rs 1886.20 and Rs 1860.15, respectively, in the session so far. The stock of ICICI Lombard General Insurance Company Ltd. quoted a 52-week high of Rs 2285.85 and a 52-week low of Rs 1354.80.

Stocks that rallied over 10% included, J. Taparia Proj(12.85%) and Keerthi Ind(10.80%).

Marico Ltd. traded 0.04 per cent at Rs 672.55 at 10:25AM (IST) on Monday, even as BSE benchmark Sensex 407.94 points to 76970.97. The stock had settled at Rs 672.85 in the previous session. The stock quoted a 52-week high price of Rs 719.80 and 52-week low of Rs 486.75, respectively. As per BSE data, total traded volume on the counter till 10:25AM (IST) stood at 3444 shares with a turnover of Rs 0.24 crore.

Cholamandalam Investment & Finance Company Ltd. traded 0.19 per cent in Monday's trade at 10:35AM (IST). Around 5,277 shares changed hands on the counter. The counter opened at Rs 1239.85 and touched an intraday high and low of Rs 1259.00 and Rs 1227.55, respectively, in the session so far. Shares of the company of Cholamandalam Investment & Finance Company Ltd. quoted a 52-week high of Rs 1650.00 and a 52-week low of Rs 1011.50.

Subscribe to enjoy similar stories. A viral video featuring Larsen & Toubro Chairman S.N. Subrahmanyan urging employees to consider a 90-hour work week and work on Sundays has sparked widespread discussion, reigniting the debate on work-life balance.

Indobell Insulation will debut on the exchanges on Monday. Ahead of the listing, the company's shares were trading with a GMP of Rs 39 in the grey market. Considering the upper price band of Rs 46, the stock is expected to list at a premium of 85% over the issue price.