Stock Market News Today Live Updates: GIFT Nifty Points To Positive Open For Nifty, Sensex; Kospi Crosses 8,000 For The First Time

• Jefferies said Kaynes has moved from strength to strain, citing a lack of company guidance for FY27–28 and elevated working capital levels above 100 days. The brokerage cut FY27–28 EPS estimates by mid-teens after the recent performance.
• Jefferies retained a Buy rating but cut its target price to Rs 3,970 from Rs 4,515. It said the stock has fallen 55% from its October 2025 peak and now trades at 43x FY27 PE. The brokerage expects OSAT and PCB sales to start contributing from FY27.

• Revenue grew 27.4% year-on-year to Rs 2,394 crore.
• EBITDA increased 38.2% to Rs 491 crore.
• Net profit rose 52.2% to Rs 375 crore.

• Revenue increased 3.7% year-on-year to Rs 3,054 crore.
• EBITDA rose 16.3% to Rs 593 crore.
• Net profit grew 28.0% to Rs 539 crore.

• Revenue fell 27.8% year-on-year to Rs 992 crore.
• EBITDA declined 60.2% to Rs 171 crore.
• Net profit dropped 34.6% to Rs 58.9 crore.

• JPMorgan said Siemens Energy saw a 140 basis point year-on-year expansion in EBIT margins, reflecting operating leverage, even as transmission segment numbers were softer. The brokerage said the generation segment delivered revenue growth and margins ahead of expectations.
• JPMorgan maintained a Neutral rating on the stock with a target price of Rs 2,600.

• Revenue rose 2.5% year-on-year to Rs 4,888 crore.
• EBITDA fell 33.6% to Rs 221 crore, with margin at 4.5%.
• Net profit declined 51.9% to Rs 116 crore.
• The board declared a dividend of Rs 4 per share.

• Morgan Stanley maintained an Overweight rating on Titan with a target price of Rs 5,212.
• The brokerage said tighter government rules on duty-free gold imports will not impact Titan. It said the company is better positioned than in the past and sees the current stock price as an entry point for long-term investors.

• Revenue increased 24.4% year-on-year to Rs 1,159 crore.
• EBITDA rose 8.4% to Rs 244 crore, while margin fell to 21.0%.
• Net profit grew 42.6% to Rs 144 crore.

• Revenue surged 73.6% year-on-year to Rs 1,237 crore.
• EBITDA rose to Rs 81.1 crore from Rs 12.1 crore.
• Net profit stood at Rs 55.8 crore, compared with a loss a year ago.

• Nomura maintained a Buy rating on Hindustan Aeronautics with a target price of Rs 5,954, citing a Q4 operating beat, robust FY26 ordering and continued balance sheet improvement.
• Goldman Sachs maintained a Neutral rating and cut its target price to Rs 5,225. It flagged slower execution, lower EBITDA margin due to higher expenses, and said delivery of Tejas Mk-1A remains a key trigger to watch.

• Revenue rose 7.2% year-on-year to Rs 1.05 lakh crore.
• EBITDA fell 21.7% to Rs 11,259 crore, with margin at 10.7%.
• Net profit declined 31.7% to Rs 5,783 crore.
• The board declared a dividend of Rs 3 per share.

• Revenue increased 30.4% year-on-year to Rs 2,907 crore.
• EBITDA rose 4.3% to Rs 270 crore, while margin fell to 9.3%.
• Net profit declined 15.5% to Rs 136 crore.

Jefferies maintained a Buy rating on Voltas and cut its target price to Rs 1,530 from Rs 1,550, citing in-line Q4 sales but a margin miss. It said channel inventory has normalised to 35–40 days, with demand traction seen in April and May.

Goldman Sachs maintained a Sell rating with a target price of Rs 1,200, flagging early and persistent cost pressures and weaker AC profitability. Citi maintained a Buy rating but cut its target price to Rs 1,550 from Rs 1,900, citing commodity and currency headwinds despite strong demand and price hikes.

• Revenue fell 25.7% year-on-year to Rs 2,300 crore.
• EBITDA declined 40.6% to Rs 392 crore, with margin at 17.1%.
• Net profit dropped 63.6% to Rs 62.1 crore.

• Macquarie maintained an Underperform rating on United Spirits with a target price of Rs 1,350, citing a Q4 EBITDA beat driven by lower employee costs, but flagged a drag from Maharashtra on prestige and regular sales.
• Goldman Sachs maintained a Buy rating with a target price of Rs 1,480, saying the EBITDA beat was driven by margin expansion, even as revenue missed estimates. JPMorgan maintained an Overweight rating with a target price of Rs 1,445, citing a margin-led earnings beat and a constructive outlook for FY27.

• Revenue rose 11.3% quarter-on-quarter to Rs 51,180 crore.
• EBITDA increased 32.9% to Rs 8,634 crore, with margin at 16.9%.
• Net profit stood at Rs 16,370 crore, aided by a one-time gain of Rs 17,888 crore.
• The board approved amalgamation with BMM Ispat and fund-raising of up to Rs 7,000 crore.

• Revenue rose 11.3% quarter-on-quarter to Rs 51,180 crore.
• EBITDA increased 32.9% to Rs 8,634 crore, with margin at 16.9%.
• Net profit stood at Rs 16,370 crore, aided by a one-time gain of Rs 17,888 crore.
• The board approved amalgamation with BMM Ispat and fund-raising of up to Rs 7,000 crore.

• Morgan Stanley maintained an Overweight rating on Muthoot Finance and raised its target price to Rs 4,330, citing a strong Q4 profit beat and attractive valuations, though it flagged slower loan growth.
• Jefferies maintained a Buy rating but cut its target price to Rs 4,350, saying Q4 profit beat was driven by margins and higher gold prices, while customer count fell sequentially. Bernstein maintained an Outperform rating with a target price of Rs 4,500, citing gold-led AUM growth and margin expansion.

• Total income rose 27% year-on-year to Rs 3,625 crore.
• Net profit increased to Rs 1,981 crore from Rs 728 crore a year ago.
• The board declared a final dividend of Rs 1.50 per share.

• Macquarie maintained a Neutral rating on Tata Motors PV with a target price of Rs 367, citing a positive margin surprise across businesses and stable domestic growth, while flagging margin risks.
• Jefferies maintained an Underperform rating and cut its target price to Rs 300, saying JLR headwinds persist despite better sequential performance. Citi maintained a Sell rating and cut its target price to Rs 330, noting Q4 beat estimates but raised concerns over the sustainability of JLR margins.

• Macquarie maintained an Outperform rating on JSW Steel with a target price of Rs 1,353, citing a steady balance sheet, raised capacity targets and potential cost efficiencies. Morgan Stanley also maintained an Overweight rating with a target price of Rs 1,330, pointing to strong Q4 numbers, margin expansion prospects and sharp deleveraging after the BPSL slump sale.
• Citi maintained a Sell rating but raised its target price to Rs 1,165 from Rs 975. The brokerage said leverage has improved and EBITDA per tonne has upside, but added that valuations already reflect these factors.

• Om Power Transmission will see 1 million shares exit the one-month anchor investor lock-in period.
• The shares represent about 4% of the company’s total outstanding equity.

• Capri Global Capital crossed 1,000 gold loan branches, while M&M Financial approved raising up to Rs 3,000 crore via NCDs. NTPC Green’s subsidiary declared COD for two solar units in Rajasthan. Adani Power said the GVK bid has CCI clearance but is still under CoC review. Patel Engineering will sell its entire stake in ACP Tollways for Rs 55 crore, while Indian Overseas Bank cut its base rate by 10 basis points to 9.70%.
• Akums Drugs said operations at some Haridwar units are disrupted due to labour unrest. Caplin Point’s arm received US FDA approval for Foscarnet Sodium Injection. HDB Financial appointed a new non-executive chairman and fixed June 18 as record date for a Rs 2 dividend. Kirloskar Oil Engines announced a Rs 1,400 crore capex plan, while Pricol named Vikram Mohan as chairman following a board change.

• The U.S. Energy Secretary briefed senior executives from the American nuclear industry ahead of their visit to India next week to explore cooperation opportunities in the civil nuclear sector.
• A 20-member U.S. industry delegation will meet Indian government and private sector officials following India’s move to open the sector to private players. Discussions are expected to include joint projects and cooperation in small modular reactors.

Source: PTI

• GIFT Nifty traded at 23,768, compared with Thursday’s Nifty 50 close of 23,689.60.
• The early indicator was 78.4 points, or 0.3%, above the previous close.

• Oil prices moved higher on Friday, with Brent crude trading towards $107 a barrel and heading for a weekly gain of about 5%.
• U.S. benchmark West Texas Intermediate traded near $102 a barrel, as disruptions linked to the Iran conflict continued to affect global supplies.

• South Korea’s Kospi crossed the 8,000 mark for the first time on Friday, rising more than 0.6% in early trade. The small-cap Kosdaq fell 0.4%.
• Japan’s Nikkei 225 gained 0.89%, while the Topix rose 1.18%. Australia’s S&P/ASX 200 advanced 0.42%, while Hong Kong’s Hang Seng futures traded at 26,341, below the previous close of 26,389.04.