The Indian rupee extended its slide on Thursday (April 30), breaching the 95-per-dollar level and touching a fresh all-time low as global and domestic factors continued to weigh on the currency. The rupee opened weaker at around 95.01–95.02 against the US dollar, compared with the previous close near 94.85–94.88, and slipped further to an intraday…
Jindal Steel Ltd reported a strong performance in the March quarter, with consolidated net profit coming in at ₹1,041 crore, a sharp improvement from a loss of ₹304 crore in Q4FY25, supported by robust revenue growth and improved operating performance. Net revenue for Q4FY26 rose to ₹16,484 crore from ₹13,255 crore a year ago, marking…
Shares of Sterlite Technologies Ltd. fell as much as 5% on Thursday, April 30, despite the company reporting strong growth in its Q4FY26 performance. Revenue rose 14.7% sequentially and 37% year-on-year to ₹1,441 crore, compared to ₹1,052 crore in the same period last year. EBITDA margins improved by 120 basis points both QoQ and YoY…
Hindustan Unilever Ltd. (HUL) reported underlying volume growth of 6% for the January to March quarter on Thursday, April 30, which was ahead of the CNBC-TV18 poll expectation of 4% to 5% growth. This is the first quarter that the company has reported results after the demerger of its ice-cream business. HUL’s revenue growth stood…
Shares of Vedanta Ltd., the Anil Agarwal-owned mining conglomerate, have settled at a price of ₹289.5 on Thursday, April 30 as the stock begins trading adjusted for their demerger. The stock is now trading below those levels as well. The company had fixed Friday, May 1, as the record date for the demerger. Shareholders who…
Anish Tawakley, Chief Investment Officer (CIO) at DSP Asset Managers, said the recent surge in crude oil prices is likely to be temporary and should be handled carefully to limit its impact on the domestic economy. Speaking on the macro outlook, Tawakley said, “The thing to focus on is, do we think this is a…
Shares of Navin Fluorine International Ltd. declined in-line with the market sentiment, on Thursday, April 30, even as brokerages were positive on the stock post its fourth quarter earnings. Jefferies and DAM Capital both have maintained their respective “buy” ratings on the stock and see up to a 24% potential upside. The highest price target…
Shares of Smartworks Coworking Spaces Ltd. gained as much as 8% on Thursday, April 30, after the company reported its fourth quarter earnings. The stock cooled off from the highs soon after. The company reported profits for the second consecutive quarter. It reported a net profit of ₹16.6 crore compared to a loss of ₹8.3…
The war in West Asia pushed the rupee of a cliff, the ceasefire didn’t bring it back. Now, the conflict is escalating again, pushing the Indian currency down further. By Anshul April 30, 2026, 1:32:21 PM IST (Published) The Indian rupee’s rebound following the April 8 ceasefire has proved short-lived, with the currency sliding to…
Shares of Syngene International Ltd. surged as much as 17% on Thursday, April 30, after the company reported its Q4FY26 earnings. Revenue for the quarter rose 1.8% year-on-year to ₹1,037 crore from ₹1,018 crore. However, profitability remained under pressure, with net profit declining 19.3% YoY to ₹147.9 crore. EBITDA fell 11.7% to ₹303.4 crore from…
