FMCG firm Honasa Consumer Ltd on Thursday (May 21) reported a sharp rise in net profit for the March quarter, which surged 176% year-on-year to ₹69 crore, compared with ₹25 crore in the corresponding quarter last year. Annual profit after tax for FY26 stood at ₹200 crore. Revenue rose 23.1% year-on-year to ₹657 crore from…
Sensex Rejig Announcement: From a technical perspective, Shah said Hindalco has shown strong relative strength with a clear higher-high and higher-low structure on the charts, supported by improving volumes and sustained institutional buying. (Pic – AI/ChatGPT) The BSE will announce its semi-annual Sensex reshuffle today, May 22. Experts anticipate that Hindalco Industries will be replacing…
Mining major Vedanta Ltd on Thursday (May 21) said its subsidiary Talwandi Sabo Power Limited is liable to pay approximately ₹127 crore following a Supreme Court judgment delivered on May 20, 2026. The Supreme Court, in Civil Appeal Nos. 7436 and 7432 of 2025 filed by Punjab State Power Corporation Limited and Punjab State Load…
Public-sector lender Indian Overseas Bank on Thursday (May 21) said its board has approved a capital raising plan of up to ₹5,000 crore for FY27. The bank said the equity capital may be raised through follow-on public offer, rights issue, qualified institutional placement, preferential issue or a combination of these, in one or more tranches,…
Max Healthcare Institute Ltd on Thursday (May 21) reported a 3% year-on-year increase in consolidated net profit for the March quarter at ₹387 crore, compared with ₹344 crore in the corresponding quarter last year. Revenue for the quarter rose 9% year-on-year to ₹2,541 crore from ₹2,326 crore. EBITDA increased 8% year-on-year to ₹682 crore from…
Nifty Prediction Today: Market experts suggest that the underlying trend remains choppy, predicting a highly range-bound session for Friday as bulls repeatedly fail to clear critical resistance hurdles. The Indian equity markets ended nearly flat after a highly volatile trading session on Thursday, with benchmark indices recovering from steep intraday losses but eventually ending slightly…
Market regulator Securities and Exchange Board of India (SEBI) has proposed key changes in the way opening prices are decided for re-listed stocks, in a move aimed at improving price discovery and reducing extreme volatility after listing. In a consultation paper issued on Thursday, SEBI said the current pre-open call auction mechanism is leading to…
Diversified conglomerate ITC Ltd on Thursday (May 21) reported a 5% year-on-year increase in consolidated net profit for the March quarter at ₹5,113 crore, compared with ₹4,875 crore in the corresponding quarter last year. The company’s net profit came in above the CNBC-TV18 poll estimate of ₹4,995 crore. Revenue from operations declined 7% year-on-year to…
Multimodal logistics operator Allcargo Terminals Ltd on Thursday (May 21) reported a consolidated net profit of ₹8.8 crore for the March quarter, compared with a loss of ₹1.8 crore in the corresponding quarter last year. Revenue from operations grew 11.9% year-on-year to ₹208 crore from ₹186 crore. EBITDA rose 31.2% to ₹44 crore from ₹33.6…
Bikaji Foods International Ltd on Thursday (May 21) reported a 26.2% year-on-year rise in net profit at ₹56.4 crore for the March quarter, compared with ₹44.7 crore in the corresponding quarter last year. Revenue rose 18% year-on-year to ₹721 crore from ₹611 crore, supported by healthy volume growth and deeper market penetration. Volume growth stood…
