South Korea and Taiwan are pulling ahead of India in global stock market rankings, thanks to a powerful rally driven by a small group of big technology companies that make chips and AI hardware. Foreign investors are moving billions of dollars into those two Asian markets and selling Indian stocks at the same time. How…
State-owned Miniratna company BEML Limited, formerly Bharat Earth Movers Limited, today announced its earnings for the fourth quarter of the financial year 2025-2026 (Q4 FY26). The defence stock, a constituent of the BSE 500, has also declared both interim and final dividends to its shareholders. Amid the announcement of the quarterly results of BEML Ltd,…
Asian Paints, the country’s leading paint manufacturer, announced its earnings for the fourth quarter of the financial year 2025-26 on Friday, May 29. Along with the quarterly earnings, the company also declared a dividend for its shareholders. “Recommended payment of final dividend of Rs. 23 (Rupees twenty-three only) per equity share of the face value…
Ipca Laboratories reported a steady set of fourth-quarter earnings on May 29, with growth in domestic formulations and exports helping improve revenue and operating margins during the March quarter. Profit before exceptional items and tax rose to ₹450 crore in Q4FY26 from ₹333 crore a year ago. Revenue for the quarter increased 6.3% year-on-year to…
Ajit Banerjee, CIO of Shriram Life Insurance, says weak monsoon forecasts, rising food inflation and elevated crude oil prices could keep markets volatile in the near term. Despite global uncertainty, he remains cautiously optimistic on India, favouring large-cap banks, pharma, IT, FMCG and upstream oil & gas stocks. Banerjee believes India can still deliver returns…
Revenue from operations rose 19.5% year-on-year to ₹1,474 crore during the quarter, up from ₹1,234 crore in the corresponding quarter of the previous financial year. 1 Min Read Shares of Steel Strips Wheels traded nearly 2% lower on Friday, May 29, after the company reported a mixed set of earnings for the March quarter. The…
Shares of Indian IT companies rallied sharply on Friday, May 29, tracking strong gains in global technology stocks and renewed optimism around artificial intelligence-led spending. The rally lifted the Nifty IT index more than 2% higher in early trade, with heavyweight stocks including Infosys, Wipro and Tata Consultancy Services leading the gains. Shares of Wipro…
Shares of Wockhardt Ltd. climbed over 17% on Friday, May 29, after the company announced that the Central Drugs Standard Control Organisation (CDSCO) has approved the import and marketing of its breakthrough antibiotic Zaynich® (Zidebactam/Cefepime) in India. The drug has been approved for the treatment of adult patients with complicated urinary tract infections (cUTI), including…
Shares of Aegis Logistics Ltd. gained nearly 8% on Friday, May 29, after the logistics and oil, gas and chemical terminal operator reported strong March quarter earnings, driven by growth in its gas terminal business and higher revenue across operations. The company reported a 45.5% year-on-year rise in consolidated net profit to ₹410.4 crore for…
Top stocks to BUY, SELL or HOLD Today: ONGC, Ashok Leyland, GMR Airports, Bharat Dynamics, Astra Microwave and others (Image: AI/ET Now) Top stocks to BUY, SELL or HOLD Today, May 29: Brokerage actions across sectors are expected to keep several stocks in focus in today’s trade, with analysts issuing a mix of buy, hold…
