Belrise Industries has expanded beyond its two-wheeler base into four-wheelers, EVs and aerospace, but its sharp rerating means earnings growth must keep pace with the valuation.
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With close to a decade in journalism, Anirudh Saligrama covers markets, corporate earnings, economy and business news. He is currently Assistant Website Editor at NDTV Profit, where he leads covera...
Belrise Industries has expanded beyond its two-wheeler base into four-wheelers, EVs and aerospace, but its sharp rerating means earnings growth must keep pace with the valuation.
Novo Nordisk filed the lawsuit last month, alleging that Lilly's advertising for its injectable GLP-1 drugs misleads consumers about their efficacy relative to Novo's treatments.
'Spider-Man: Brand New Day' collected Rs 6.45 crore net in India on Day 14, taking its total India net collection to Rs 438 crore and India gross collection to Rs 523.64 crore.
Under the programme's terms, roughly 20% of the aircraft would be delivered in fly-away condition, with the remainder built domestically, incorporating more than 60% indigenous content.
Asian equities advanced after technology stocks gained and softer US inflation reduced concerns over an immediate Federal Reserve rate hike, while oil prices eased after a six-session run.
Laurus Labs, Lenskart, Adani Energy Solutions and Groww enter the MSCI Standard Index, while Balkrishna Industries, SBI Cards and Astral exit.
Standalone revenue reaches a record Rs 11,795 crore, while Ebitda more than doubles and margin expands to 8.1% in the June quarter.
Chandrasekaran's Tata Sons remuneration rose nearly threefold from FY18 to FY26, driven by a sharp rise in commission.
Trent, NELCO, Tata Investments, Titan and Tata Consumer Products were among the best-performing Tata stocks during N Chandrasekaran's tenure as Tata Sons chairman, while the market value of listed Tata Group companies rose more than 3.3 times.
TCS, Tata Motors, Tejas Networks and Tata Consumer Products lead the decline as listed Tata Group companies lose Rs 63,000 crore in market value within an hour after N Chandrasekaran says he will not seek reappointment as Tata Sons chairman.
CS, Tata Motors, Tejas Networks and Tata Consumer Products among the biggest losers as Tata Group stocks shed Rs 46,000 crore in market value after N Chandrasekaran says he will not seek reappointment as Tata Sons chairman.
Most IT stocks are trading lower, with Persistent Systems, Sonata Software and KPIT Technologies among the biggest losers, while Tech Mahindra and Birlasoft are the only gainers in the pack. In the futures and options space, call open interest is concentrated at key strikes for TCS, Infosys and Wipro.
The Nifty 50 fell 0.46% to 24,471.70 as rising crude prices weighed on sentiment, with the 20-day moving average emerging as a key support for the broader recovery trend.
Goldman Sachs cut its target price after Sudhir Sitapati's surprise exit, while JPMorgan, Morgan Stanley and Citi flagged a near-term sentiment overhang and said execution and the appointment of a new India CEO will be key.
The block deal involves 1.58 crore shares, while Thyrocare stock has gained 44% in 12 months and closed 4% higher on Tuesday.
The Nifty 50 closed 35.75 points, or 0.15%, lower at 24,435.95. The Sensex declined 187.90 points, or 0.24%, to 77,966.35.
Asian equities traded mixed as investors tracked signs of progress towards restoring shipping through the Strait of Hormuz, while crude prices remained elevated.
Parliamentary panel urges early India-US trade deal and measures to shield exporters from higher tariffs
Housing lenders are seeing a broader affordable borrower base, with larger loan sizes, strong credit scores, self-employed customers and rising demand beyond major cities.
Vodafone Idea's revenue and Ebitda rise 3% sequentially, while ARPU increases 1.7%; JPMorgan retains an 'underweight' rating with a Rs 9 target.