GQG Partners and SBI Mutual Fund emerged as key buyers in a large block deal involving JSW Steel on Monday, May 18. Valued at approximately ₹3,150 crore, the JSW Steel block deal saw JSW Energy offload 2.5 crore shares, or about 1% equity, at an average price of ₹1,260 per share. GQG acquired 1.5 crore…
Pencil maker DOMS Industries Ltd on Monday (May 18) reported a 17.2% year-on-year rise in consolidated net profit for the fourth quarter at ₹56.7 crore, compared with ₹48.4 crore in the corresponding quarter last year. Revenue increased 18.7% year-on-year to ₹604 crore from ₹509 crore in the same period last year. EBITDA rose 14.4% year-on-year…
Gujarat Narmada Valley Fertilizers & Chemicals Ltd on Monday, May 18, reported an 87.7% year-on-year rise in consolidated net profit for the fourth quarter at ₹396 crore, compared with ₹211 crore a year earlier, aided by better sales realisations and lower input costs. Revenue for Q4FY26 rose 7.4% to ₹2,208 crore from ₹2,055 crore in…
US stock futures slipped on Monday, signalling a return to losses after a record-setting week, as escalating Middle East tensions, surging oil prices and rising Treasury yields rattled investor sentiment ahead of a crucial earnings week led by chip giant NVIDIA. Dow Jones Industrial Average futures fell 0.7%, or more than 350 points, while S&P…
Astral Ltd reported a mixed set of March quarter earnings on May 18, with profit and revenue registering healthy year-on-year growth but missing Street expectations across key operational metrics. The company posted a consolidated net profit of ₹213 crore for Q4FY26, up 19.7% from ₹178 crore in the corresponding quarter last year. However, the figure…
Vodafone Idea Ltd has said it aims to improve its cash EBITDA margin to more than 35% over the next three to four years, driven by revenue growth, tariff hikes, lower churn and operating leverage from ongoing network investments. Speaking during the post-earnings conference call, the telecom operator said its current cash earnings before interest,…
Axis Direct recommended Ajanta Pharma, Welspun Living and KIMS as bullish technical picks. (Pic Credit: iStock/ETNOW) Top picks of the week: Axis Direct has recommended Ajanta Pharma, Welspun Living and Krishna Institute of Medical Sciences (KIMS) as technical picks for the next three to four weeks, citing bullish chart patterns, strong volume support and positive…
Eicher Motors said on Monday, May 18, that the Government of Andhra Pradesh has approved a 215.7-acre land parcel at Tada for the company’s proposed greenfield manufacturing expansion, with an estimated investment of up to ₹2,500 crore. The company said the investment, which will be funded through internal accruals, is aimed at supporting its long-term…
Pune-based construction company Vascon Engineers Ltd on Monday (May 18) said it has received a Letter of Intent worth ₹131.58 crore (excluding GST) from Reliance Industries Ltd for construction works at its Jamnagar expansion project. The order is for the construction of four G+12 FLL-type buildings for Sector-3 at the RG Expansion Project, Jamnagar. The…
Volatility has shot up in the financial markets due to the ongoing West Asia conflict, but the Indian bourses have the capacity to “absorb different types of shocks”, Sebi Chairman Tuhin Kanta Pandey said on Monday. When there is a crisis in one part of the world, it also impacts the rest of the globe,…
