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…
JK Cement reported a decline in fourth-quarter profitability for FY26 as operating margins came under pressure despite healthy growth in revenue and cement volumes. The company posted a consolidated net profit of ₹333 crore for the March quarter, down 7.6% from ₹360.4 crore in the corresponding period last year. Revenue from operations rose 8.6% year-on-year…
Precision Wires India Ltd reported a strong set of fourth-quarter earnings for FY26, with profit and revenue rising sharply year-on-year on the back of healthy demand and improved operational performance. The company posted a net profit of ₹55 crore for Q4FY26, up 44.7% from ₹38 crore in the corresponding quarter last year. Revenue from operations…
The company has recommended a final dividend of Rs 20 per fully paid-up equity share of Rs. 10 each for the financial year 2025-26, subject to the approval of the Shareholders at the ensuing 32nd Annual General Meeting (AGM) of the Company. Read Full Article The Final Dividend, if declared shall be paid within 30…
Sarda Energy & Minerals reported a strong improvement in fourth-quarter earnings for FY26 on May 23, with profit rising sharply on the back of robust operating performance and significant margin expansion. The company posted a consolidated net profit of ₹158 crore for Q4FY26, up 46% from ₹108.3 crore in the corresponding quarter last year. Revenue…
NTPC reported a better-than-expected standalone profit for the fourth quarter of FY26 on May23, even as revenue and operating earnings declined from a year earlier amid softer realisations and margin pressure. The state-run power major posted a net profit of ₹8,747.3 crore for the March quarter, up 15% year-on-year from ₹7,611 crore and sharply ahead…
Prestige Estates Share Price. Prestige Estates Share Price: Prestige Estates Projects Ltd (PEPL) delivered robust performance in Q4FY26 and FY26, driven by strong pre-sales growth, healthy project launches and solid progress on its annuity portfolio. Brokerage firm Nuvama Research has retained its BUY rating this stock. Prestige Estates Share Price Target Stock Performance Summary What…
NTPC has reported its Q4 FY26 earnings, showing a strong rise in profitability even as revenue remained largely stable. The state-owned power giant delivered a mixed but steady performance, with margins showing improvement and earnings beating expectations on key fronts. Source link
