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,…
The equity benchmark indices BSE Sensex and NSE Nifty staged a recovery from the day’s lows to close near the flatline on Monday (May 18), while broader markets underperformed and market breadth remained tilted in favour of declines. The Sensex rose 77 points to close at 75,315, while the Nifty gained 6 points to settle…
Stock market closing: Indian benchmark indices, Sensex and Nifty 50, ended Monday’s session (May 18) in green territory. The BSE Sensex, after hitting an intraday high of 75,466.60, ended the session at 75,315.04, up 77.05 points or 0.10 per cent. The NSE Nifty50 settled at 23,649.95, up 6.45 points or 0.03 per cent. During the…
Strides Pharma Science Ltd reported a strong set of earnings for the March quarter, driven by healthy growth in its overseas business and sustained operational performance. The company posted a consolidated net profit of ₹129.2 crore for Q4FY26, up 51% from ₹86 crore in the corresponding quarter last year. Revenue rose 11.2% year-on-year to ₹1,323.4…
Q4 Results LIVE Updates: While no Nifty 50 companies report results today, Indian Oil Corporation, Afcons India, JK Paper, JSW Cement, Ola Electric, SPARC, Strides Pharma, Apollo Micro, BLS E-Services, DOMS Industries, GNFC, IGL, GPT Healthcare, Siyaram Silk Mills, Subros, Triveni Turbine, Timken India, Zydus Wellness are among the companies reporting their fourth quarter earnings…
Unmesh Sharma, Head of Institutional Equities, HDFC Securities, holds an overweight on SBI Life at 120 bps in his model portfolio. On IT, he has moved from underweight to neutral, calling valuations below 20x a buying opportunity. Private banks trading below 2x price-to-book are a strong aaccumulation he says. Consumer names — Asian Paints, Crompton,…
