The Nifty 50 index recovered as much as 350 points from the lows of the day in a span of 60 minutes, marking a complete U-Turn from the first two hours of the trading session, when every recovery kept getting sold into. The Recovery Trigger According to a Bloomberg report, India is considering a significant…
Shares of Caplin Point Laboratories Ltd. surged nearly over 9% on Thursday, May 14, after the company reported a strong March quarter performance, with profit and revenue rising around 19% year-on-year. Net profit for the fourth quarter increased 19% to ₹173 crore from ₹145.3 crore in the year-ago period. Revenue from operations increased 19.4% year-on-year…
Akums Drugs and Pharmaceuticals Ltd reported a mixed set of fourth-quarter earnings for FY26 on May 14, with profitability declining year-on-year despite stronger operating performance and margin expansion. The company posted a net profit of ₹81.3 crore for the quarter, down 45.7% from ₹149.6 crore in the corresponding period last year. Revenue, however, rose 10%…
Shares of PNB Gilts Ltd. surged as much as 17% on Thursday, May 14, after a Bloomberg report cited sources with knowledge of the matter who stated that the government is considering reducing taxes paid by foreign investors in the bond market. This is the biggest single-day gain for the stock since January 2024, when…
India may see another year of single-digit earnings growth keeping foreign investors cautious, according to Manishi Raychaudhuri, Chief Executive Officer of Emmer Capital Partners. “Number one earnings, number two earnings, number three earnings. That is, unfortunately, the biggest disappointment for India right now,” he said. Consensus Nifty 50 earnings growth for 2026-27 (FY27) has fallen…
Larsen and Toubro (L&T) Ltd. on Thursday, May 14, said it has entered a strategic collaboration with France-based Exail to deliver an advanced unmanned mine counter measure (MCM) suite for the Indian Navy’s Mine Counter Measure Vessels (MCMVs) programme. L&T and Exail will provide the Indian Navy unmanned MCM suite, incorporation autonomous and remotely operated…
Meghmani Organics Ltd reported a weak set of fourth-quarter earnings for FY26 on May 14, with profitability and operating performance coming under significant pressure during the quarter. The company posted a net profit of ₹8 crore for the quarter, down 59.6% from ₹19.8 crore in the corresponding period last year. Revenue declined 14.3% year-on-year to…
State-run Indain Railways Finance Corporation Ltd. (IRFC) reported March quarter results on Thursday, May 14, following which, the stock has seen some volatile moves. Net Interest Income (NII) for the quarter increased by 4.9% from the same quarter last year to ₹1,812 crore from ₹1,726.6 crore. Net profit for the quarter was the same at…
Senores Pharmaceuticals shares fell over 5% on Thursday despite the company reporting strong year-on-year growth in its March quarter earnings, as investors appeared concerned over sequential weakness in operating performance. The stock declined to ₹918.85 on the NSE after the earnings announcement. The company reported a 77.5% rise in net profit to ₹31.6 crore for…
Shares of Saregama India Ltd. gained over 18% on Thursday, May 14, reacting to their fourth quarter earnings. This is the biggest single-day gain for the stock since September 2024. The company reported a strong set of numbers across parameters. Its net profit increased 25.4% in the March quarter to ₹75.4 crore compared to ₹60.1…
