As of noon, the benchmark indices were trading around the day's high, with the Nifty 50 up by 0.96% at 24,281.65 and the Sensex 1.01% higher at 80,095.80.
Several stocks, including Mahindra & Mahindra Ltd., Shriram Finance Ltd., RBL Bank Ltd. and Siemens Ltd. were making headlines due to various financial developments.
Mahindra & Mahindra
Mahindra & Mahindra Ltd.'s share price rose 1.31% on Monday after the company announced its acquisition of SML Isuzu Ltd. in a deal valued at Rs 555 crore. The Scorpio maker will pick up a 43.96% stake held by promoter Sumitomo Corp. and 15% from Isuzu Motors Ltd. Separately, M&M will make an open offer to buy 26% stake at Rs 650 per share.
Tejas Networks
Share price of Tejas Networks Ltd. fell over 10.98% in trade on Monday after the company swung to loss in the quarter ended March 31, 2025. The telecom equipment company reported a net consolidated loss of Rs 71.8 crore for the quarter, as compared to a profit of Rs 147 crore in the previous fiscal.
RBL Bank
RBL Bank Ltd.'s share price surged over 1.21% after the company posted improved asset quality in its fourth quarter earnings, despite an 80% drop in profit that still met analysts' estimates.
The private lender's asset quality showed improvement, with the gross non-performing assets ratio falling to 2.6% at the end of the March quarter, compared to 2.92% a quarter ago. Similarly, the net NPA also decreased to 0.29% from 0.53% in the December quarter.
Lloyds Metals And Energy
Lloyds Metals and Energy Ltd.'s share price slumped over 4.12% in trade on Monday, after the company posted muted performance in the quarter ended March 31, 2025.
The company's consolidated net profit fell 27% to Rs 202 crore for the quarter, as compared to a profit of Rs 277 crore in the previous fiscal.
Shriram Finance
Shares of Shriram Finance Ltd. fell over 3.93% on Monday extending decline for the second day, after its fourth quarter net interest margin contracted. The stock fell 8.85% in the last trading session. The company posted a profit of Rs 2,139.4 crore in the quarter ended March, 9.9% higher than Rs 1,945.87 crore in the same quarter last year. Analysts tracked by Bloomberg had a consensus estimate of Rs 2,137.5 crore.
The net interest margin for the quarter was lower at 8.25%, compared to 9% in the previous year.
Siemens
Shares of Siemens Ltd. rose 1.73% on Monday after the stock saw a decline in the last session. In April so far, the stock has risen nearly 9%, while it has declined over 13% this year. Following its demerger scheme, Siemens allotted 35.6 crore equity shares in a 1:1 ratio on April 15. The move carved out the company's energy division into a separate listed entity, Siemens Energy India Ltd., effectively halving the stock price of Siemens.
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