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JK Lakshmi Cement shares will be in focus after the company received a Rs 45.6 crore tax demand for AY 2022-23. The firm disclosed that the assessment order was received on March 18, 2025. The company plans to appeal the order, stating that the demand is legally untenable and unlikely to impact its operations.
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Axis Securities recommends buying Sarda Energy & Minerals stock with a target price of Rs 615, highlighting a recent breakout from consolidation, supported by technical indicators. For Q3 2024, the company reported a consolidated total income of Rs 1318.74 crore, up 8.61% from the previous quarter, along with a strong net profit of Rs 188.16 crore.
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Indian benchmark indices, Sensex and Nifty, continued their rebound for the third consecutive session on Wednesday, led by gains in metal and financial stocks. However, caution ahead of the U.S. Federal Reserve’s policy decision could cap further gains.
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Startups, which are eyeing public listing, are increasingly opting for confidential filing route amid choppy and unpredictable markets that have nudged several new age companies to reassess and go slow on their IPO plans.
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In this overall, uncertain global environment, India seems better placed. Currently, we are out of the cross hairs from the tariff perspective but need to watch what happens in April, when reciprocal tariff policies are implemented.
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