Revenue for the quarter declined 22.8% to ₹1,945 crore, compared to ₹2,519 crore a year ago. By CNBCTV18.com April 23, 2026, 2:30:33 PM IST (Published) 1 Min Read Shares of Sterling and Wilson Renewable Energy Ltd. were trading around 2% higher on Thursday, April 23, after the company reported its March quarter results. The company posted…
Nikunj Doshi, Managing Partner & CIO-PMS at Bay Capital Investments Advisors, says IT services face growth challenges amid AI disruption and remains cautious on the sector. He prefers a bottom-up approach in pharma, citing benefits from rupee depreciation and easing US tariff risks. Doshi is also positive on power and ancillaries, driven by global investments,…
Equity benchmarks extended losses for a second straight session on Thursday (April 23), with the Sensex falling 852 points to 77,664 and the Nifty declining 205 points to close at 24,173, slipping below the 24,200 mark amid broad-based selling led by financials, IT and auto stocks. From the Sensex basket, Dr Reddy’s Laboratories Ltd, Cipla…
Balrampur Chini Mills Ltd. on Thursday, April 23, approved a preferential issue to raise up to ₹450 crore, along with plans to raise debt and revise capital expenditure for its bioplastics project. The company will issue up to 93.16 lakh equity shares at ₹483 apiece to promoters, promoter group entities and institutional investors, including funds…
Shares of Tata Teleservices (Maharashtra) Ltd. gained over 12% on Thursday, April 23, after the company reported a positive set of earnings for the fourth quarter. However, the stock gave up most of those gains, only to end 2% higher. The company’s revenue from operations for the quarter declined by 4% from the year-ago period…
Manufacturer of snacks and sweets Bikaji Foods International Ltd on Thursday (April 23) announced the demise of its promoter, Chairman and whole-time director, Shiv Ratan Agarwal. A founder and entrepreneur, Agarwal played a central role in building the company from its origins in Bikaner into a globally recognised packaged food enterprise. With over five decades…
Infosys Ltd., the Bengaluru-based technology services provider, expects its revenue for financial year 2027 to grow between 1.5% to 3.5% in constant currency terms. The figure is in-line with the range projected by analysts. While some had projected the figure to be between 3% to 5%, some had projected a 2% to 5% range. A…
US stock futures slipped Thursday morning, pointing to a pause after Wall Street’s record-setting run, as geopolitical jitters and earnings-led volatility crept back into sentiment. Futures tracking the S&P 500 and Nasdaq 100 fell about 0.5% each, while contracts tied to the Dow Jones Industrial Average dropped nearly 0.7%, indicating investors may lock in gains…
Mahindra Logistics reported a return to profitability in the March quarter, with net profit coming in at ₹20.19 crore compared to a loss of ₹6.75 crore in the year-ago period. Revenue for the quarter rose 14.1% year-on-year to ₹1,791.4 crore, while EBITDA increased 44.6% to ₹112.4 crore. Margins improved to 6.3% from 5% a year…
Cyient reported a mixed performance for the fourth quarter, with net profit declining 32.6% quarter-on-quarter to ₹65.5 crore from ₹97.2 crore. Revenue, however, rose 4.2% sequentially to ₹1,926.9 crore compared with ₹1,848.5 crore in Q3FY26. Operationally, EBIT fell 6.8% QoQ to ₹155.8 crore, while margins contracted to 8.09% from 9.04%, reflecting pressure on profitability despite…
