Shares of Uno Minda Ltd. declined over 7% from the day’s high on Monday, May 18, reacting to the company’s conference call after it reported its fourth quarter earnings over the weekend. Uno Minda said in its earnings call that the recent geopolitical tensions have created fresh concerns. It said electronic manufacturing services (EMS) remain…
Telecom service provider Bharti Airtel Ltd. has surpassed HDFC Bank Ltd. to become the second-most valuable company in India by market capitalization on Monday, May 18. As of 11:15 AM, Bharti Airtel has a market capitalization of ₹11.78 lakh crore, surpassing HDFC Bank, whose current market capitalization stands at ₹11.74 lakh crore. Reliance Industries continues…
Strong quarter four earnings of the financial year 2025-26 (FY26) from Indian steel companies could continue into the current quarter one of the financial year 2026-27 (FY27) due to higher steel prices, but investors should remain cautious as margins may be nearing their peak, according to Rakesh Arora, Founder, GoIndiaStocks.com. He said valuations across major…
Shares of Power Grid Corporation of India Ltd. declined on Monday, May 18, 2026 after the company reported a weak set of earnings. Its net profit increased 9.7% to ₹4,546.3 crore from ₹4,143 crore last year. The remeasurement of deferred tax balanced aided its profit after tax (PAT). Its revenue declined 5% to ₹11,666 crore…
Apollo Micro Systems Ltd reported a strong set of earnings for the March quarter, with profit and revenue rising sharply year-on-year, supported by healthy execution and improved operational performance. The company posted a net profit of ₹38 crore for Q4FY26, compared with ₹14 crore in the corresponding quarter last year. Revenue surged 81% year-on-year to…
Some Indian firms are turning to floating-rate bonds to attract investors and manage borrowing costs at a time when expectations of rate hikes have pushed up yields on conventional fixed-rate debt, making buyers wary of locking in lower rates. Coupons for floating-rate bonds are priced at a spread over three-month Treasury bill yields and reset…
Stock Market Today May 19: Market experts believe volatility is likely to continue on Tuesday, May 19, as investors closely monitor crude oil prices, rupee movement and global geopolitical developments. The stock markets on Monday witnessed extreme volatility, with the benchmark BSE Sensex plunging over 1,134 points in early trade before staging a stellar recovery…
This market is turning out to be a proper tussle between the bulls and the bears, and an equal nightmare for someone taking a directional position without a hedge. Monday’s recovery signifies two things: One, the fact that the bulls do not want the index to capitulate just yet despite multiple headwinds plaguing them in…
India’s insurance sector is entering what could be its biggest structural transformation since liberalisation in 2000. Within weeks of the government notifying 100% foreign direct investment (FDI) in insurance under the automatic route, global insurers and financial majors have accelerated their India plans through fresh joint ventures, stake hikes, acquisitions and exploratory discussions. Germany’s Allianz…
JK Paper Ltd reported a 36.4% year-on-year rise in consolidated net profit for the fourth quarter, aided by higher revenue and improved operating performance. The company posted a net profit of ₹90.2 crore for the January-March quarter, compared with ₹66.1 crore a year earlier, according to the exchange filing. Revenue from operations rose 17.2% to…
