Shares of Oracle Financial Services Software Ltd. gained 7% on Thursday, April 23, after the company’s board declared a second interim dividend of ₹270 per share for the financial year 2026. The company, in an exchange filing on Wednesday, said its board has approved a second interim dividend of ₹270 per equity share of face…
Shares of Patel Engineering Ltd. gained on Thursday, April 23, after the company was declared the lowest bidder (L1) for a ₹1,593.08 crore contract for the Lower Arun Hydropower Project in Nepal. In an exchange filing, the company said the order has been awarded by SJVN Lower Arun Power Development Company Pvt. Ltd., a subsidiary…
Dipan Mehta, Director at Elixir Equities, said lithium-ion entry improves prospects for Amara Raja Energy & Mobility, but execution remains key. He noted weak volume trends limit confidence in staples demand and suggested shifting exposure to newer consumption segments. He expects steady returns from Trent, sees improving growth in Tata Communications, and highlights EV-led opportunities…
Shares of Godrej Industries Ltd. gained as much as 10% on Thursday, April 23, after the company outlined an ambitious five-year growth roadmap. The company is targeting over 15% annual revenue growth and more than 20% EPS growth, while aiming to scale its market capitalisation to ₹5 lakh crore over the next five years. …
A recovery is building in retail and fast-moving consumer goods (FMCG), but stock selection remains key, says Abneesh Roy, Executive Director at Nuvama Institutional Equities, who prefers Avenue Supermarts (DMart). “I think the worst seems behind for Trent,” Roy said, citing an overall revenue growth of 20% and improving visibility from price hikes and steady…
Tech stocks rebound, leading markets since March bottom, while earlier winners like energy and staples lag, investors refocus on AI driven growth and small caps still outperform. Tech stocks have surged since the major market averages bottomed on March 30, rising above old highs that had been a ceiling since October. With the tech resurgence,…
Kenneth Andrade, Founder & CIO at Old Bridge Asset Management, which manages funds worth over ₹7,800 crore, expects cost pressures due to rising energy prices to start reflecting in earnings soon. “Someone’s got to take that hit somewhere,” he said, pointing to margin pressure across sectors. “We don’t think it’s a very broad-based market,” he…
BlackRock says rising stock bond correlation weakens diversification, urges investors to add liquid alternative funds and small gold stakes alongside traditional 60/40 portfolios. With bonds not doing their job as portfolio ballasts, investors need to “diversify their diversifiers,” according to BlackRock’s Gargi Chaudhuri. Continue Reading with CNBC-TV18 Access Membership Priority Access and Networking: CNBC-TV18’s flagship…
Amazon India announced plans to invest over ₹2,800 crore (approximately $300 million) to bolster associate safety, health, and financial well-being while simultaneously expanding its logistics network across the country. The announcement comes as part of Amazon’s sweeping commitment to pour more than $35 billion into India by 2030, with this particular tranche targeting the people…
Shares of SBI Life Insurance Company Ltd. were trading about 3.5% lower near the day’s low on Thursday, even as the stock staged a brief intraday recovery of over 3% from its lows. The move comes after the company reported its Q4 earnings, followed by mixed but largely constructive reactions from brokerages. Jefferies has maintained…
