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Broker’s call: JK Lakshmi Cement (Buy)

AIMPWAMarch 14, 2025

Target: ₹872 CMP: ₹719.10 We maintain our Buy rating on JK Lakshmi (JKLC) with an unchanged target price of ₹872/share (9x FY27E consolidated EBITDA), post our interaction with the management. After a flattish FY25, we estimate JKLC’s volume growth to accelerate to 9 per cent CAGR during FY25-27E on the ramp-up of its north expansion....

Stock Market Highlights 12 March 2025: Sensex, Nifty settle marginally lower; IndusInd Bank gains over 4%

AIMPWAMarch 14, 2025

Rail Vikas Nigam Ltd: Company is the lowest bidder for a highway project in Andhra Pradesh. The project worth Rs 554.64 crore (Positive) Waaree Renewables: JV secures Rs 740 crore solar EPC order for 125 MWAC project (Positive) Thomas Cook: Company announced the launch of a new product, the “Borderless Travel Card.” (Positive) Adani Green...

Stocks that will see action today: March 12, 2025

AIMPWAMarch 14, 2025

The Competition Commission of India on Tuesday cleared ONGC-NTPC Green’s proposal to acquire renewable energy firm Ayana for Rs 19,500 crore ($2.3 billion). ONGC-NTPC Green Pvt Ltd (ONGPL), is a 50:50 joint venture between ONGC Green (OGL) and NTPC Green Energy Ltd (NGEL). “The proposed combination involves the acquisition of 100 per cent equity share...

Reliance Jio Stocks & Share Price Highlights: Ambani’s Reliance Jio signs deal with SpaceX, Reliance Industries share price flat

AIMPWAMarch 14, 2025

The Reliance Industries’ digital services company Jio Platforms Limited has signed an agreement with SpaceX to offer Starlink’s broadband internet services to its customers in India, the company said on Wednesday. The agreement is subject to SpaceX receiving authorisation to sell Starlink in India. The development came a day after Jio’s rival Bharti Airtel signed...

Rupee trades almost flat with 1 paisa lower at 87.22 against US dollar

AIMPWAMarch 14, 2025

The rupee turned almost flat and traded with a marginal loss of 1 paisa at 87.22 against the US dollar in early trade on Wednesday amid volatile sentiment due to uncertainties over trade tariff. According to forex analysts, a strengthening American currency index and a recovery in crude oil prices also added pressure on the...

Crude oil futures rise as EIA forecasts drop in global inventories

AIMPWAMarch 14, 2025

Crude oil futures traded higher on Wednesday morning after US EIA’s (Energy Information Administration) monthly report forecasted a decline in global inventories during the first half of 2025. At 9.56 am on Wednesday, May Brent oil futures were at $70.08, up by 0.75 per cent, and April crude oil futures on WTI (West Texas Intermediate)...

Finance Ministry notifies 10-year Zero Coupon Bond of Power Finance Corporation

AIMPWAMarch 14, 2025

Finance Ministry has notified Zero Coupon Bond (ZCB) for Power Finance Corporation. The company can raise up to ₹10,000 crore. ZCB is an instrument that doesn’t pay interest during its term, but instead is sold at a discount to its face value. When the bond matures, the investor receives the full-face value. There will be no...

Markets open mixed amid global trade tensions; tech sector drags while auto, banking show resilience

AIMPWAMarch 14, 2025

Markets opened on a mixed note Wednesday morning, with the benchmark Sensex trading at 74,123.35, up marginally by 0.03 per cent, while Nifty slipped slightly to 22,486.90, down 0.05 per cent from previous close. The cautious opening follows volatile global cues triggered by escalating trade tensions and geopolitical developments. Technology stocks faced significant selling pressure...

Kaynes Technology Shares Price falls, after MD receives SEBI show-cause notice

AIMPWAMarch 14, 2025

The shares of Kaynes Technology India Limited were trading at ₹4,246.05 down by ₹45.30 or 1.06 per cent on the NSE today at 10.20 am. Kaynes Technology India Limited disclosed that its Managing Director, Ramesh Kunhikannan, has received a show-cause notice from the Securities and Exchange Board of India (SEBI) dated March 10, 2025. The...

Bharti Airtel Shares in focus after inks pact with Spacex for Starlink internet

AIMPWAMarch 14, 2025

Bharti Airtel shares are in focus following partnership with Elon Musk’s SpaceX. On Tuesday, it had signed an agreement with SpaceX to bring Starlink’s satellite internet service to customers in India. The stock traded flat at ₹1,653.15 as at 10.24 am, after rising 3 per cent to ₹1,716.65 in early trade. In another stock exchange filing,...

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Banks see cracks in the economy as consumers blink at inflation, tariffs

AIMPWAMarch 14, 2025

Banks are seeing lower credit-card spending, while delinquencies are rising. Source link

Budget lowers India’s average customs duty rate, sends positive signal to the US: CBIC chair

AIMPWAMarch 14, 2025

New Delhi: The customs duty rejig announced in the Union budget for FY26 lowers India’s average customs duty rate sharply from 11.65% to 10.66% and sends a positive signal to India’s trading partners like the US, Central Board of Indirect Taxes and Customs (CBIC) Chairperson Sanjay Kumar Agarwal said in a post-budget interview. The comments...

Muthoot Finance crosses ₹1 lakh crore in gold loan AUM

AIMPWAMarch 14, 2025

Continuing its leadership in the gold loan sector, Muthoot Finance has surpassed ₹1 lakh crore in gold loan AUM as of March 14, 2025. The achievement comes amid a strong demand for gold loans, as credit availability from other sources, including fintech lending, unsecured loans, and microfinance, has moderated in recent months, said a press...

Days of intrusive tax scrutiny are over, taxpayer facilitation is the new mantra: CBDT chairperson Ravi Agarwal

AIMPWAMarch 14, 2025

The days of intrusive tax scrutiny and compliance enforcement are over and tax administration will be based purely on trust and greater reliance on data mining, Central Board of Direct Taxes chairperson Ravi Agrawal said in a post-budget interview to Mint. Agarwal said that under the revamped new personal income tax regime, those with ₹24 lakh...

Budget 2025: Not all LED TV makers are thrilled about duty exemption on open cell parts

AIMPWAMarch 14, 2025

New Delhi: The exemption of import duties on components required for making open cells—a key part of LED televisions—has divided India’s nearly-$10-billion TV industry. A section of manufacturers sees the budget announcement as a big boost, but others say the relief will only benefit specific companies, not the entire sector. “The duty abolition will only...

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Broker’s call: JK Lakshmi Cement (Buy)

Stock Market Highlights 12 March 2025: Sensex, Nifty settle marginally lower; IndusInd Bank gains over 4%

Stocks that will see action today: March 12, 2025

Reliance Jio Stocks & Share Price Highlights: Ambani’s Reliance Jio signs deal with SpaceX, Reliance Industries share price flat

Rupee trades almost flat with 1 paisa lower at 87.22 against US dollar

Crude oil futures rise as EIA forecasts drop in global inventories

Finance Ministry notifies 10-year Zero Coupon Bond of Power Finance Corporation

Markets open mixed amid global trade tensions; tech sector drags while auto, banking show resilience

Kaynes Technology Shares Price falls, after MD receives SEBI show-cause notice

Bharti Airtel Shares in focus after inks pact with Spacex for Starlink internet

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Banks see cracks in the economy as consumers blink at inflation, tariffs

Budget lowers India’s average customs duty rate, sends positive signal to the US: CBIC chair

Muthoot Finance crosses ₹1 lakh crore in gold loan AUM

Days of intrusive tax scrutiny are over, taxpayer facilitation is the new mantra: CBDT chairperson Ravi Agarwal

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Banks see cracks in the economy as consumers blink at inflation, tariffs

Budget lowers India’s average customs duty rate, sends positive signal to the US: CBIC chair

Muthoot Finance crosses ₹1 lakh crore in gold loan AUM

Days of intrusive tax scrutiny are over, taxpayer facilitation is the new mantra: CBDT chairperson Ravi Agarwal

Budget 2025: Not all LED TV makers are thrilled about duty exemption on open cell parts

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Banks see cracks in the economy as consumers blink at inflation, tariffs

Budget lowers India’s average customs duty rate, sends positive signal to the US: CBIC chair

Muthoot Finance crosses ₹1 lakh crore in gold loan AUM

Days of intrusive tax scrutiny are over, taxpayer facilitation is the new mantra: CBDT chairperson Ravi Agarwal

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