Amnish Aggarwal, Director Institutional Research at PL Capital, says rising fuel prices, inflation and El Niño risks could slow credit growth in the coming quarters, even though stress signs are not yet visible in the economy. He remains constructive on defence and power-linked stocks over the long term due to strong order books and infrastructure…
Shares of Ashok Leyland Ltd. traded lower on Friday, May 29, despite the company reporting a largely in-line March quarter performance, aided by strong volume growth and improved operating metrics. The commercial vehicle maker reported a 13% year-on-year rise in net profit to ₹1,405 crore for Q4FY26, compared to ₹1,246 crore in the year-ago period….
Solar Industries India Ltd. announced on Friday, May 29, that the defence and explosives manufacturer and its subsidiary have secured export orders worth ₹1,076 crore for the supply of defence products to international customers. In an exchange filing, the company said it received the contracts from international clients and that they will be executed over…
India’s stock market may not offer blockbuster returns in 2026, but investors willing to look beyond the usual sectors could still find opportunities, according to Amish Shah, Head of India Research at BofA Global Research. “It’s a continuation of a tough year… So, if you look at our year-end views, we think that from where…
Shares of Ola Electric Mobility Ltd. extended their recent rally on Friday, May 29, rising more than 9% intraday and taking their gains over the last six sessions to nearly 20%, as investors bet on the company’s improving profitability metrics, stronger-than-expected gross margins and encouraging early-quarter sales trends. Despite the recent rebound, the shares remain…
In a major relief for Reliance Industries Limited (RIL), the Supreme Court of India on Friday, May 29, quashed a Securities and Exchange Board of India (SEBI) order alleging fraudulent and manipulative trades in shares of Reliance Petroleum Limited. The apex court also set aside a 2020 order of the Securities Appellate Tribunal, which had…
Claudio Irigoyen, Head of Global Economics Research at BofA Global Research believes it is still too early to expect interest rate hikes from the US Federal Reserve. Irigoyen said, “We don’t have any hikes for the Fed for this year, and the way we think about it, and the way the Fed is thinking about…
Shares of Jyoti CNC Automation fell as much as 10% on Friday, May 29, after the machine tools manufacturer reported weaker-than-expected FY26 earnings, with profit and operating margin for the March quarter declining from a year ago. The company reported a 16.9% year-on-year fall in consolidated net profit to ₹90.6 crore for Q4FY26, from ₹109…
Analysts pointed to companies like AeroVironment and Kratos Defense & Security Solutions as potential beneficiaries of growing drone demand. Surging global defense spending, partly driven by the Iran war, and advancements in artificial intelligence are setting up a new leg of growth for the drone market, shining a light on companies AeroVironment and Kratos Defense…
Shares of Asian Paints Ltd., India’s largest paints company reported a strong fourth quarter performance for the March quarter, on Friday, May 29, led by the domestic decorative business, whose volume growth was higher than expectations. Asian Paints’ domestic decorative paints business reported volume growth of 12.4%, higher than the CNBC-TV18 poll expectation of 9%…
