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Broader markets outperform benchmark Nifty 50
Nifty Smallcap 250 gains fourth day in a row
Nifty Midcap 150 gains third day in a row
Most sectoral indices end higher, gains led by Metal, Realty
Nifty Metal top gaining sectoral index led by SAIL, Nat Alco
Nifty Bank ends lower, worst performing sectoral index as private banks drag
Nifty PSU Bank gains fourth day in a row; Union Bank of India, Bank of India lead
Nifty Finserv, Nifty Bank decline second day in a row
Broader markets outperform benchmark Nifty 50
Nifty Smallcap 250 gains fourth day in a row
Nifty Midcap 150 gains third day in a row
Most sectoral indices end higher, gains led by Metal, Realty
Nifty Metal top gaining sectoral index led by SAIL, Nat Alco
Nifty Bank ends lower, worst performing sectoral index as private banks drag
Nifty PSU Bank gains fourth day in a row; Union Bank of India, Bank of India lead
Nifty Finserv, Nifty Bank decline second day in a row
Rupee closed 7 paise stronger at 85.28 against US Dollar
It closed at 85.35 a dollar on Tuesday
Source: Bloomberg
Rupee closed 7 paise stronger at 85.28 against US Dollar
It closed at 85.35 a dollar on Tuesday
Source: Bloomberg
The government plans to conduct a fresh, tighter review of at least six to seven major China-backed investment proposals, potentially delaying their approvals, according to people familiar with the matter.
Read the full article here.
Kirloskar Brothers Q4 Highlight (Consolidated, YoY)
Revenue up 4.7% to Rs 1,281.30 crore versus Rs 1,223.80 crore.
Net Profit down 10% to Rs 137.10 crore versus Rs 152.20 crore.
Ebitda down 1% to Rs 189.50 crore versus Rs 191.20 crore.
Margin at 14.8% versus 15.6%.
Kirloskar Brothers Q4 Highlight (Consolidated, YoY)
Revenue up 4.7% to Rs 1,281.30 crore versus Rs 1,223.80 crore.
Net Profit down 10% to Rs 137.10 crore versus Rs 152.20 crore.
Ebitda down 1% to Rs 189.50 crore versus Rs 191.20 crore.
Margin at 14.8% versus 15.6%.
Berger Paints Ltd. share price rose after it reported that its consolidated net profit rose 18% on the year to Rs 262 crore in the fourth quarter from Rs 222 crore.
For live updates on Q4 results click here.
Berger Paints Ltd. share price rose after it reported that its consolidated net profit rose 18% on the year to Rs 262 crore in the fourth quarter from Rs 222 crore.
For live updates on Q4 results click here.
Blue Jet Health share price rose over 6% as net profit rose in the fourth quarter.
Blue Jet Q4 Highlight (YoY)
Revenue was up 85% Rs 340 crore versus Rs 184 crore
EBITDA was up Rs 140 crore versus Rs 53.1 crore
Margin was up 41.1% versus 28.8%
Net Profit was up Rs 110 crore versus Rs 39.7 crore
Blue Jet Health share price rose over 6% as net profit rose in the fourth quarter.
Blue Jet Q4 Highlight (YoY)
Revenue was up 85% Rs 340 crore versus Rs 184 crore
EBITDA was up Rs 140 crore versus Rs 53.1 crore
Margin was up 41.1% versus 28.8%
Net Profit was up Rs 110 crore versus Rs 39.7 crore
US Food Drug Administration issued voluntary action indicated for Pithampur facility of Unichem Laboratories Ltd.
Alert: US FDA conducted inspection at Pithampur facility between February 24 & February 28
Garware Hi-Tech share price rose 4.45% to Rs 3,684.40 apiece. The company reported that its consolidated net profit rose 35% on the year to Rs 77.8 crore in the fourth quarter compared to Rs 57.8 crore.
Garware Hi-Tech share price rose 4.45% to Rs 3,684.40 apiece. The company reported that its consolidated net profit rose 35% on the year to Rs 77.8 crore in the fourth quarter compared to Rs 57.8 crore.
Aditya Birla Real Estate Ltd. share price pared gains as net loss expanded to Rs 131 crore in the fourth quarter from Rs 3.8 crore in the corresponding period of last year.
Aditya Birla Real Estate Ltd. share price pared gains as net loss expanded to Rs 131 crore in the fourth quarter from Rs 3.8 crore in the corresponding period of last year.
Hindustan Aeronautics Ltd. share price rose 3.22% to Rs 4,758.40 apiece. However, as the company reported 7.7% on the year fall in its consolidated net profit, the share price eroded gains to trade flat as of 1:23 p.m.
For live updates on Q4 results click here.
Hindustan Aeronautics Ltd. share price rose 3.22% to Rs 4,758.40 apiece. However, as the company reported 7.7% on the year fall in its consolidated net profit, the share price eroded gains to trade flat as of 1:23 p.m.
For live updates on Q4 results click here.
Jain Irrigation Ltd. share price rose 5.60% to Rs 59.80 apiece as the company reported Rs 28.9 crore profit in fourth quarter compared to Rs 8.8 crore loss in the corresponding period last year.
Jain Irrigation Ltd. share price rose 5.60% to Rs 59.80 apiece as the company reported Rs 28.9 crore profit in fourth quarter compared to Rs 8.8 crore loss in the corresponding period last year.
The company received establishment inspection report for Ambernath API manufacturing facility .
USFDA classifies report as no action indicated.
Alert: USFDA conducted inspection at Ambernath facility from Feb. 10-14 .
Source: Exchange Filing
April WPI Inflation At 0.85% versus 2.05%
April WPI Core Inflation Rate At 1.5% versus 1.5%
Feb WPI Inflation Rate Revised To 2.45% versus 2.38% Provisional
April WPI Food Inflation At 2.55% versus 4.66%
April WPI Primary Articles Inflation At -1.44% versus 0.76%
April WPI Fuel And Power Inflation At -2.18% versus 0.20%
Advait Energy Transitions has secured an order valued at Rs 86 crore for the supply and installation of Optical Ground Wire for transmission lines.
KPI Green Energy Ltd. share price jumped 7.7% to Rs 447.15 apiece. Ity erased some gains to trade 5.88% higher at Rs 439.30 apiece as 12:09 p.m., as compared to 0.33% advance in the NSE Nifty 50 index.
KP Green Engineering Q4 Highlights (Consolidate, YoY)
Revenue up 76.4% to Rs 432.28 crore versus Rs 245.12 crore.
Net Profit up 91% to Rs 46.01 crore versus Rs 24.03 crore.
Ebitda up 105% to Rs 68.27 crore versus Rs 33.29 crore.
Margin at 15.8% versus 13.6%.
KPI Green Energy Ltd. share price jumped 7.7% to Rs 447.15 apiece. Ity erased some gains to trade 5.88% higher at Rs 439.30 apiece as 12:09 p.m., as compared to 0.33% advance in the NSE Nifty 50 index.
KP Green Engineering Q4 Highlights (Consolidate, YoY)
Revenue up 76.4% to Rs 432.28 crore versus Rs 245.12 crore.
Net Profit up 91% to Rs 46.01 crore versus Rs 24.03 crore.
Ebitda up 105% to Rs 68.27 crore versus Rs 33.29 crore.
Margin at 15.8% versus 13.6%.
Caplin Point Laboratories Ltd.'s arm Caplin Steriles got the US Food Drug Administration's approval for Haloperidol Decanoate injection.
Alert: Haloperidol Decanoate Is Used For Treatment Of Patients With Schizophrenia
The shares of KPI Green Energy Ltd. rose on Wednesday to hit nearly two-month high after its fourth-quarter profit more than doubled.
The company recorded a consolidated net profit of Rs 99.14 crore for the quarter ended March, compared to Rs 43.04 crore in the same quarter of the previous fiscal year, according to its stock exchange notification.
The shares of KPI Green Energy rose as much as 7.77% to Rs 447.15 apiece, the highest level since March 24.
The shares of KPI Green Energy Ltd. rose on Wednesday to hit nearly two-month high after its fourth-quarter profit more than doubled.
The company recorded a consolidated net profit of Rs 99.14 crore for the quarter ended March, compared to Rs 43.04 crore in the same quarter of the previous fiscal year, according to its stock exchange notification.
The shares of KPI Green Energy rose as much as 7.77% to Rs 447.15 apiece, the highest level since March 24.
Tata Power Co., LIC Housing Finance Ltd., Lupin Ltd., Apollo Tyres Ltd., Lupin Ltd., Dollar Industries Ltd., Eicher Motors Ltd., and others are set to post their fourth quarter results on Wednesday.
Here's a look at the consensus analysts' estimates that are compiled by Bloomberg.
For live updates on Q4 results click here.
The shares of Dalmia Bharat Sugar and Industries Ltd. rose on Wednesday to hit a five-month high after its fourth-quarter profit more than doubled.
The company recorded a consolidated net profit of Rs 206 crore for the quarter ended March, compared to Rs 91 crore in the same quarter of the previous fiscal year, according to its stock exchange notification.
The shares of Dalmia Bharat Sugar and Industries Ltd. rose on Wednesday to hit a five-month high after its fourth-quarter profit more than doubled.
The company recorded a consolidated net profit of Rs 206 crore for the quarter ended March, compared to Rs 91 crore in the same quarter of the previous fiscal year, according to its stock exchange notification.
Stocks of companies in defence manufacturing, technology surged on National Stock Exchange on Wednesday. The NSE Nifty Defence is the top gainer among sectoral indices. Garden Reach Shipbuilders and Cochind Shipyard stocks are the top gainers in the indices.
Stocks of companies in defence manufacturing, technology surged on National Stock Exchange on Wednesday. The NSE Nifty Defence is the top gainer among sectoral indices. Garden Reach Shipbuilders and Cochind Shipyard stocks are the top gainers in the indices.
Tata Consultancy Services Ltd. with Khan Bank to help modernise core digital banking platform and transform banking operations, the exchange filing said.
Bharti Airtel's March quarter earnings prompted cautious optimism from both Morgan Stanley and Citi, with both brokerages noting a mix of steady India operations, seasonal softness, and rising capex. The stock remains a 'buy' for Citi and carries a modest upside view from Morgan Stanley.
Read the full article here.
Garden Reach Shipbuilders & Engineers Ltd. saw its shares soar nearly 15%, reaching a 10-month high following the announcement of its fourth-quarter results for the fiscal year 2025.
The scrip rose as much as 14.89% to Rs 2,200 apiece.
Garden Reach Shipbuilders & Engineers Ltd. saw its shares soar nearly 15%, reaching a 10-month high following the announcement of its fourth-quarter results for the fiscal year 2025.
The scrip rose as much as 14.89% to Rs 2,200 apiece.
Tata Motors share price declined 3.07% to Rs 686.00 apiece, the lowest level since May 9. It was trading 1.73% down at Rs 707.50 apiece as of 9:51 a.m., as compared to 0.50% advance in the NSE Nifty 50 index.
The current financial year 2026 is likely to be tough for Tata Motors' Jaguar Land Rover segment, according to Jefferies. The brokerage maintained 'Underperform' rating on the stock while it hiked the target price to Rs 630 from Rs 625.
Tata Motors share price declined 3.07% to Rs 686.00 apiece, the lowest level since May 9. It was trading 1.73% down at Rs 707.50 apiece as of 9:51 a.m., as compared to 0.50% advance in the NSE Nifty 50 index.
The current financial year 2026 is likely to be tough for Tata Motors' Jaguar Land Rover segment, according to Jefferies. The brokerage maintained 'Underperform' rating on the stock while it hiked the target price to Rs 630 from Rs 625.
Most stocks which are getting added to various indices under MSCI's various indices advanced in Wednesday's session. ACME Solar Holdings Ltd., Sai Life Sciences Ltd., and Dr. Agarwal's Health Care which got added to The MSCI India Small-cap Index rose the most.
Most stocks which are getting added to various indices under MSCI's various indices advanced in Wednesday's session. ACME Solar Holdings Ltd., Sai Life Sciences Ltd., and Dr. Agarwal's Health Care which got added to The MSCI India Small-cap Index rose the most.
On NSE, nine sectoral indices advanced at open, four declined, and two remained flat out of 15. The NSE Nifty Defence emerged as the top gainer, and the NSE Nifty Auto declined the most.
On NSE, nine sectoral indices advanced at open, four declined, and two remained flat out of 15. The NSE Nifty Defence emerged as the top gainer, and the NSE Nifty Auto declined the most.
Bharti Airtel Ltd., ICICI Bank Ltd., Reliance Industries Ltd., Tata Steel Ltd., and HDFC Bank Ltd. added to the Nifty 50 index.
Tata Motors Ltd., Cipla Ltd., Mahindra & Mahindra Ltd., Asian Paints Ltd., and Tata Consultancy Services Ltd. weighed on the Nifty 50 index.
Bharti Airtel Ltd., ICICI Bank Ltd., Reliance Industries Ltd., Tata Steel Ltd., and HDFC Bank Ltd. added to the Nifty 50 index.
Tata Motors Ltd., Cipla Ltd., Mahindra & Mahindra Ltd., Asian Paints Ltd., and Tata Consultancy Services Ltd. weighed on the Nifty 50 index.
The NSE Nifty 50 and BSE Sensex rebound Wednesday as Bharti Airtel Ltd. and ICICI Bank Ltd. share prices lead. The Nifty 50 rose 98 points or 0.40% higher at 24,676.35, and the Sensex rose 401.81 points or 0.50% higher at 81,550.03.
The NSE Nifty 50 and BSE Sensex rebound Wednesday as Bharti Airtel Ltd. and ICICI Bank Ltd. share prices lead. The Nifty 50 rose 98 points or 0.40% higher at 24,676.35, and the Sensex rose 401.81 points or 0.50% higher at 81,550.03.
At pre-open, the NSE Nifty 50 rose 35.45 points or 0.14% to 24,613.80, and the BSE Sensex rose 0.15% or 120.93 points to 81,278.49.
Mtar Technologies Ltd. received Rs 34 crore order in Aerospace, clean energy space, the company said in an exchange filing.
The yield on the 10-year bond opened flat at 6.33%
Source: Bloomberg
Rupee opened 28 paise stronger at 85.07 against US Dollar
It closed at 85.35 a dollar on Tuesday
Source: Bloomberg
Coromandel International Ltd. and FSN E-Commerce Ventures Ltd., the operator of e-commerce platform Nykaa, have been added to the MSCI Global Standard Index as part of MSCI’s May 2025 semi-annual review, according to a statement early on Wednesday. The changes will take effect after market close on May 30. There were no deletions from the index.
Read the full article here.
RBI nudges banks to strengthen internal thresholds for unsecured loans
RBI tells banks to cap loan limit for borrowers based on their rating and credit score
RBI concerned that unsecured personal loans may be vulnerable to shocks
Alert: In November 2023, RBI had hiked risk weights on consumer credit given out by lenders to 125% from 100% earlier
Crude oil futures declined as supply worries weighed on investors' mind following US President Donald Trump's recent remarks on Iranian oil exports. In a visit to Saudi Arabia, Trump said that the US will put maximum pressure on Iranian exports unless an agreement is reached on Organization of Petroleum Exporting Countries and its allies' nuclear program.
Brent crude future was down 0.66% at $66.19 a barrel as of 8:12 a.m.
Maintain Underperform; hiked target price to Rs 630 from Rs 625
Slight EBITDA dip in Q4, but strong FCF
A Tough Year Ahead
India truck demand soft; rising competition in EVs
Cut FY26-27E EBITDA by 8% but raise EPS by 3-4%
Maintain Outperform with a target price of Rs 826
PV beat; CV and JLR in line
Await margin mitigation strategy for JLR
In near term, expect some slowdown in JLR volume
See upside risk to working capital, and we will watch for trends in VME
Markets in Japan, China, and Australia were trading in losses in Wednesday's session. The Nikkei 225 and CSI 300 were trading 0.57% and 0.12% down, respectively as of 7:33 a.m.
In South Korea, KOSPI was 0.75% up, and Hang Seng jumped 1.03% as of 7:34 a.m.
Most share indices on Wall Street ended Tuesday on a positive note as risk-on sentiments continued to get a boost from recent developments in trade talks between US and China.
On Tuesday, the Dow Jones Industrial Average fell 0.64% at 42,140.43. S&P 500 rose 0.72% at 5,886.55.Nasdaq Composite rose 1.61% at 19,010.09
The GIFT Nifty was trading flat at 24,792.50 as of 6:52 a.m., which implied over 200 points higher start for Nifty 50 against the index's Tuesday close.
Investors will monitor Bharti Airtel Ltd., Garden Reach Shipbuilders & Engineers Ltd., ITD Cementation Ltd., Siemens, and Tat motors Ltd. share prices as they have released their fourth quarter results post market hours Tuesday.
Sensex and Nifty 50 ended the day with losses on Tuesday's trading session. Nifty 50 ended 1.39% lower at 24,578.35 and Sensex closed down 1.55% at 81,148.22.
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