Textile and paper manufacturer Trident Ltd reported a 23.5% year-on-year decline in fourth-quarter net profit, weighed down by weaker revenue, even as operating margins improved during the quarter. The company posted a net profit of ₹102 crore for the quarter ended March 31, compared with ₹133.2 crore in the year-ago period, according to the exchange…
Godawari Power & Ispat Ltd (GPIL) reported a strong set of fourth-quarter earnings, driven by robust operating performance and significant margin expansion. Net profit for the March quarter rose 26.6% year-on-year to ₹280 crore from ₹221.3 crore in the corresponding period last year. Revenue increased 9.7% to ₹1,610.3 crore from ₹1,468 crore. EBITDA surged 37.9%…
State-owned Bharat Petroleum Corporation Ltd (BPCL) reported a mixed set of fourth-quarter earnings on May 19, with operating performance beating Street expectations even as profit remained under pressure due to a large exceptional impairment charge. Net profit for the March quarter came in at ₹3,192 crore, below the CNBC-TV18 poll estimate of ₹3,610 crore. Revenue…
Nifty Prediction today, May 20 by experts: Going into Wednesday’s trading session, technical analysts warn that the short-term outlook leans toward continued consolidation or further correction, driven by the bulls’ persistent inability to conquer key overhead resistance levels. Nifty Prediction Today, May 20: Domestic equity markets ended with marginal losses on Tuesday as investor sentiment…
It is very difficult to give a direction on the Nifty. It is in no man’s land, or in a “neither here, nor there” zone. Yes, there is support emerging at lower levels, but there is no conviction at higher levels as well. The market currently finds itself in a banks Vs IT battle. The…
Sun Pharma Advanced Research Company on Tuesday said its licensing partner Ocuvex Therapeutics Inc. has received a Complete Response Letter (CRL) from the US Food and Drug Administration (USFDA) for the New Drug Application (NDA) of PDP-716. The company disclosed the development in an exchange filing under Regulation 30 of the SEBI (Listing Obligations and…
Yields on the US Treasury’s longest-dated bond rose to the highest level in almost two decades as investor concern over accelerating inflation fueled a selloff in global debt markets. The 30-year rate increased six basis points to 5.18% on Tuesday, a level last seen on the brink of the global financial crisis in 2007, rising…
Zerodha founder and CEO Nithin Kamath has cautioned that the sharp rise in margin trading facility (MTF) exposure across brokerages could pose a significant risk to India’s stock market ecosystem in the event of a market correction. In a post on X, the Zerodha co-founder noted that MTF books are expanding rapidly despite Indian equities…
Dredging Corporation of India Ltd reported a sharp turnaround in fourth-quarter earnings, aided by strong revenue growth and improved operating performance. The company posted a net profit of ₹87 crore for the quarter ended March 31, compared with a loss of ₹25 crore in the corresponding period last year, according to an exchange filing. Revenue…
C.E. Info Systems Ltd (MapmyIndia) reported a marginal rise in consolidated net profit for the fourth quarter ended March 2026, even as revenue growth remained subdued on a year-on-year basis. The company posted a net profit after tax of ₹50.93 crore in Q4 FY26, compared with ₹49.02 crore in the corresponding quarter last year, marking…
