Stock Market Today Live Updates: Exciting Developments in the Market
As the trading day unfolds, the stock market is buzzing with activity and exciting developments. Here are some of the top stories making waves in the market today:
1. Sobha’s Debt Reduction: Sobha, a prominent real estate developer, has made significant strides in reducing its net debt over the past four years. From a peak of ₹3,020 crore in FY20, the company has brought its debt down to ₹1,260 crore by the end of FY24. This impressive feat has caught the attention of investors and analysts alike.
2. PG Electroplast’s Stellar Performance: PG Electroplast, an Indian EMS provider, has reported a solid Q4 performance, leading to a record high stock price. The company’s product business sales grew by 25% in Q4FY24, and it projects a substantial revenue increase to ₹3,400 crores in FY2025. This impressive growth trajectory has positioned PG Electroplast as a multibagger stock, with gains of over 3670% in the last five years.
3. Garden Reach Shipbuilders’ Soaring Stock: Garden Reach Shipbuilders & Engineers stock has surged over 18% to a new high after doubling its profit in the March quarter. The company reported a net profit of ₹111.60 crore, a sales jump of 68.96% YoY, and a tripled EBITDA in the quarter. This stellar performance has propelled the stock to new heights, garnering investor interest.
4. Gold and Silver Prices Update: Investors keeping an eye on commodity markets will be pleased to know that gold and silver prices have remained stable. In Delhi, 10 gm of 24 carat gold was priced at ₹75,562, while 1 kg of silver was priced at ₹92,980. These prices provide valuable insights for investors looking to diversify their portfolios.
5. Stock Recommendations: Osho Krishan of Angel One has recommended buying Ipca Laboratories Ltd (Ipca Lab) and NRB Bearing Ltd. These top stock recommendations offer investors valuable insights into potential investment opportunities in the market.
Stay tuned for more live updates on the stock market, IPO news, and expert recommendations. Follow Mint’s market blog for real-time updates on your favorite companies and stay informed on all things Dalal Street and global markets.
