Shares of DEE Development Engineers Ltd. fell sharply after the company reported its fourth quarter earnings on Thursday, May 21. The stock is since fluctuating between gains and losses. While the company’s revenue increased for the March quarter, its net profit and margin declined and Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) was flat…
HBL Engineering Ltd reported a 42.2% year-on-year rise in net profit for the fourth quarter of FY26, supported by strong revenue growth, although operating margins narrowed during the period. Net profit for the quarter stood at ₹64 crore, compared with ₹45 crore in the corresponding quarter last year. Revenue rose 27% to ₹604.1 crore from…
Amisha Vora, Chairperson & MD, PL Capital, believes PSU banks look more attractive than private banks due to their stronger ability to raise low-cost deposits. She is positioning portfolios toward exporters, metals, defence and power-linked sectors amid sharp rupee depreciation. Vora also sees opportunities in niche auto ancillaries, speciality pharma and engineering exporters, while remaining…
Shares of Page Industries Ltd. gained over 2% on Thursday, May 21, in response to its March quarter results, that saw volume growth being the highest in three years. For the March quarter, Page Industries reported volume growth of 10.6% year-on-year. The last instance of the company reporting such volume growth was back in the…
WeWork India Management Ltd reported a strong set of fourth-quarter earnings on Thursday, driven by robust demand for flexible workspaces, premium pricing and sustained operating leverage, even as the company sharpened its focus on long-term platform monetisation and AI-led workplace demand. The company posted a 78% year-on-year rise in net profit at ₹65 crore for…
Emami Ltd reported a subdued set of fourth-quarter earnings on Thursday as an unfavourable summer season and geopolitical disruptions in West Asia weighed on performance, prompting investors to push the stock lower in afternoon trade. The FMCG major posted an 11.7% year-on-year decline in net profit at ₹143 crore for the March quarter, compared with…
Brokerages remain positive on LG Electronics India after the company reported its March quarter earnings, even as margin pressure from currency depreciation, higher commodity costs and promotional spending weighed on profitability. Both Nomura and Emkay Global Financial Services have retained their ‘Buy’ ratings on the stock, citing strong demand in premium appliances, rising exports and…
Dalmia Bharat Ltd. announced on Friday, May 22, that it has signed an agreement to acquire part cement assets from Jaiprakash Associates Ltd. from the Adani Group, which were acquired under the Insolvency & Bankruptcy Code (IBC). The deal comes four years after the company had entered into a framework and business transfer agreement with…
Japan’s primary inflation indicator rose at the slowest rate in about four years. This came to pass as the government continues to help lower living expenses. However, this development is making it difficult for the Bank of Japan to raise interest rates anytime soon. The Ministry of Internal Affairs and Communications reported on Friday that…
Brokerage firm Citi has a price target of ₹290 on ITC Ltd., the cigarettes-to-hotels-to-FMCG conglomerate, as per its latest note on Friday, May 22, after the company reported its fourth quarter results after market hours on Thursday. This is the lowest price target among the 38 analysts who have coverage on ITC. The stock is…
