Several major stocks are making headlines today, with notable movements in share prices driven by recent updates and market reactions. Here’s a look at the key stocks in the news at noon.
Bharat Electronics
Bharat Electronics Ltd. saw its share price decline by over 5% on Wednesday after the company missed its fiscal 2025 order inflow guidance.
BEL secured orders worth Rs 18,715 crore, falling short of its projected Rs 25,000 crore, achieving only 74.86% of the target. Despite this, the company reported a 16% rise in revenue, reaching Rs 23,000 crore compared to Rs 19,820 crore the previous year.
Tata Motors
Tata Motors shares fell on Wednesday after the company reported flat domestic sales for March 2025 in an exchange filing late Tuesday evening. Investor sentiment was further weighed down by confirmation that United States President Donald Trump will impose a 25% tariff on imported cars, trucks, and key auto components. The tariff, set to be officially announced Wednesday night, will take effect immediately.
CSB Bank
CSB Bank's share price surged by 5.46% on Wednesday following the release of a robust business update for March. The bank reported year-on-year growth in both total deposits and gross advances, which has bolstered investor confidence and driven the stock price higher.
Tata Consumer Products
Tata Consumer Products Ltd.'s shares surged over 8% on Wednesday following an upgrade from Goldman Sachs. The brokerage raised its rating on Tata Consumer from Neutral to Buy and increased the target price to Rs 1,200 from Rs 1,040 per share. This upgrade is based on several positive factors that are expected to drive the company's growth in the coming years.
V-Mart
V-Mart Retail Ltd.'s share price increased by nearly 7% on Wednesday following the release of strong business updates for the fourth quarter of fiscal 2025. The company's total revenue from operations rose by 17% to Rs 780 crore in the fourth quarter, compared to Rs 669 crore in the same period of the previous fiscal year.
Star Health and Allied Insurance
Star Health and Allied Insurance Co.'s share price surged 1.77% on Wednesday after Nuvama Institutional Equities upgraded the stock to a Buy rating. It cites significant improvements in the company's operational metrics and strategic recalibrations. This comes after a sharp 58.5% decline in the stock price over the past eight months, presenting a compelling buying opportunity.
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