State Bank of India (SBI) share price has been in base-building mode after climbing to its lifetime high of ₹629.55 apiece in December 2022. Today's share price is around ₹525 apiece, which is around 17% lower than its record high, and Motilal Oswal believes that the fundamentals of the largest Indian commercial bank are strong enough.

NTPC REL and the Indian Army have teamed up to establish Green Hydrogen Projects using the Build, Own, and Operate model. This partnership aims to simplify logistical operations, reduce dependence on non-renewable energy sources, and expedite decarbonization efforts. NTPC REL CEO, Mohit Bhargava, and Lt. General Rajinder Dewan, PVSM, AVSM, VSM, QMG, signed the MoU.

Zydus Lifesciences stock rose in early trading on March 22 after the company's subsidiary gained USFDA approval for Tofacitinib Tablets. According to an exchange filing, Zydus Lifesciences subsidiary Zydus Pharmaceuticals (USA) Inc got final clearance for Tofacitinib Tablets, 5 mg and provisional approval for Tofacitinib Tablets, 10 mg from the United States Food and Drug Administration (USFDA).

MobiKwik, a payment service provider based in Gurugram, plans to file for an initial public offering (IPO) within the next 12-18 months, according to Upasana Taku, the co-founder and COO of MobiKwik. Taku stated to Moneycontrol that the company had intended to file in March 2023 but had been unable to do so due to various reasons.

On Wednesday, Indices have been trading higher, mainly led by the gains in PSU Banks, auto, and metals. Except for media, all other sectors are trading positive. NSE Nifty 50 index has surged a quarter percent to trade above 17,100 levels, while S&P BSE Sensex has jumped 120 points. Nifty Midcap and Nifty Smallcap have soared 0.41% and 0.69%, respectively.

The Indian market is expected to trade flat to higher on Wednesday, following global trends. Check out these 6 stocks recommended by stock market experts for the short term: 📌Coromandel International | Buy Target: ₹920 📌Manappuram Finance | Buy Target: ₹123 📌Bank of Baroda | Buy Target: ₹166 📌Ultratech | Buy Target: ₹7500 📌Tata Motors | Buy Target: ₹455 📌Power Finance | Buy Target: ₹170

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SBI Card has declared an interim dividend of Rs2.5 per share for the current fiscal year 2022-23. The shareholders who are eligible to receive the dividend payment will be determined based on the record date of March 29, as announced by the company. The board of directors decided on the dividend amount during their meeting.

Sobha Ltd shares plunged nearly 5% after the real estate developer alerted exchanges that the income tax authority was raiding its registered office and other premises. As per local media, the raids began on Monday by officials from the income tax divisions of Bangalore and Chennai. The company's factories were also searched, which produce wood, aluminium, and concrete items for the developer.

Shares of Apar Industries surged over 20,000% in the last 20 years, delivering blockbusters to investors who stayed with the company. If one had invested about Rs 10,000 in the year 2003, the investment could have swelled to Rs 20,00,000 lakh. On Tuesday, the shares closed 0.25% lower at Rs 2,289 apiece. The shares delivered solid returns in the last year, with a 244.33% rise.

Gold rates today began lower but quickly drew purchasing activity, eventually reaching an intraday high of ₹58,648 per 10 gm. However, profit-taking quickly set in, and the gold price fell from its intraday highs to an intraday low of ₹58,505 per 10 gm level. Yellow metal prices are trading in a narrow range of $1,938 to $1,946 per ounce on the international spot market.

Lupin Limited has been granted approval by the United States Food and Drug Administration (USFDA). The approval is for its Abbreviated New Drug Application for Brexpiprazole Tablets, 0.25 mg, 0.5 mg, 1 mg, 2 mg, 3 mg, and 4 mg, a generic equivalent of Otsuka Pharmaceutical Company Ltd.'s Rexulti Tablets. The product will be manufactured at Lupin's Pithampur facility in India.

On March 22, Indian Oil Corporation cut off early gains after announcing plans to create a petrochemical complex in Paradip, Odisha, with an estimated cost of Rs 61,077 crore. This project will enhance the Petrochemical Intensity Index of the firm and reduce the risk associated with its reliance on fossil fuels. At 10:35 am, the stock was trading at an increase of 0.5%, but is now flat.

B.L. Kashyap and Sons Limited have bagged new order from a domestic unrelated client, ‘Railways Land Development Authority’, worth Rs 313 crore approx. (excluding GST). The stock has a PE of 11.87x, whereas the sectoral PE is 33.21x. The stock gave 31.30% returns in the last 1 year, and in the last 3 years, it returned over 650%. Today, the stock rose 5.33% to Rs 33.02.

The circumstance surrounding certain recent IPOs faded in a matter of months, with 10 out of 11 recent debutants trading at a discount. Except for Divgi TorqTransfer, 10 companies - Inox Green, Keystone Realtors, Dharmaj Crop Guard, Uniparts India, Sula Vineyards, Abans Holdings, Landmark Cars, KFin Technologies, Elin Electronics, Radiant Cash - are currently trading at a 40% discount.