Shares of Welspun Living Ltd. surged as much as 5.5 % on Friday, May 15, in response to its quarterly results, as well as the board approving a buyback of its equity shares. Welspun Living’s board has given its approval to repurchase 1.44 crore fully paid up equity shares of ₹1 each at ₹175 per…
Solar Industries India Ltd. has set a revenue target of ₹14,000 crore for financial year 2027, which implies a growth of 42% from the financial year 2026 figure of ₹9,838 crore. The company also aims to maintain its EBITDA margins at the current level of 28% in the new financial year. The stock gained over…
Jitendra Arora, Chief Equity & Fund Manager at ICICI Prudential Life Insurance, says large private banks are his top sector bet for FY27, with an RBI rate hike likely in H2. He also likes power generation and select EPC stocks. On the broader market, he says domestic flows are acting as a buffer against FII…
Drug firm Alembic Pharmaceuticals Ltd on Friday (May 15) reported a 29% year-on-year rise in consolidated net profit for the fourth quarter, with profit increasing to ₹202 crore from ₹157 crore a year earlier. Revenue for the quarter rose 4.4% to ₹1,848 crore compared with ₹1,770 crore in the year-ago period. EBITDA declined 16.2% year-on-year…
Benchmark equity indices ended lower on Friday (May 15), with the market snapping a two-week gaining streak as weakness in IT, banking, and broader markets weighed on sentiment, while the rupee crossed the 96 per US dollar mark for the first time intraday. The Sensex fell 161 points to close at 75,238, while the Nifty…
Hindustan Copper reported a strong set of fourth-quarter results on May 15, with profit more than doubling year-on-year, aided by robust revenue growth and sharp margin expansion. The state-run miner posted a net profit of ₹444.3 crore for Q4FY26, compared with ₹187.2 crore in the year-ago period. Revenue rose 58% year-on-year to ₹1,156 crore from…
ITC Hotels Ltd reported an 23% year-on-year rise in net profit for the March quarter, while also announcing the acquisition of a luxury resort in Kerala as part of its expansion in the leisure hospitality segment. Consolidated net profit for Q4FY26 stood at ₹316 crore, compared to ₹257 crore in the year-ago period. Revenue rose…
Aarti Drugs reported a 12.2% year-on-year decline in consolidated net profit for the fourth quarter ended March 2026 at ₹55.2 crore, compared with ₹62.9 crore in the corresponding period last year. Revenue from operations rose 6.4% to ₹720.3 crore from ₹676.8 crore a year earlier, supported by steady business growth. EBITDA increased 2.7% year-on-year to…
Godrej Industries Ltd on Friday (May 15) reported a sharp year-on-year jump in consolidated net profit for the fourth quarter at ₹444 crore, up 142.6% from ₹183 crore in the same period last year. Revenue for the quarter grew 33.1% year-on-year to ₹7,694 crore compared with ₹5,780 crore in the year-ago period. In the consumer…
RBL Bank’s proposed deal with Dubai-based Emirates NBD has crossed another key regulatory milestone after the Government of India approved the foreign lender’s plan to raise its stake in the private sector bank beyond 49% and up to 74%. In an exchange filing on Friday, RBL Bank said Emirates NBD Bank PJSC received a communication…
