Sanjay Mookim, Head of India Equity Research, JPMorgan, said large banks and financials are emerging as a key area of focus for investors with a medium-term view, even as near-term risks remain. He said valuations in the sector are now more reasonable after recent pressure and added that these multiples look reasonably attractive. He noted…
Shares of Coforge Ltd. gained nearly 3% on Thursday, April 2, after the company said it has partnered with Solstice Innovations to redefine property and casualty (P&C) insurance modernization via agentic AI. As per this agreement, Coforge will establish a dedicated Centre of Excellence, powered by its Forge-X AI platform, enabling faster, more intelligent client…
Shares of Astral Ltd. declined as much as 3% on Thursday, April 2. The decline comes even as the government announced a full customs duty exemption on select critical petrochemical products, in view of the ongoing conflict in West Asia. The exemption, valid until June 30, 2026, is expected to lower input costs for plastic…
Shares of Sai Silks (Kalamandir) Ltd. declined 5% on Thursday, April 2, after the company reported its provisional update for the fourth quarter. The company’s revenue increased 5% to ₹419 crore from the previous year’s ₹399 crore. This was lower than its guidance of 15% growth. For the financial year 2026, the company’s turnover increased…
Brokerages remain divided on India’s market outlook amid global uncertainties. Jefferies, ICICI Prudential AMC and 3P Investment Managers are positive on India, driven by improved valuations, limited earnings downside and supportive domestic flows. They highlight attractive Nifty valuations, favourable allocation signals and recent market correction as key reasons to increase exposure, with a preference for…
FMCG major Marico Ltd. said demand sentiment remained stable during the quarter, with a gradual recovery in consumption expected in the coming quarters. However, the macroeconomic impact of the evolving geopolitical situation in the Middle East remains a key monitorable. The India business delivered high single-digit underlying volume growth, with a slight sequential improvement. Parachute…
GIFT Nifty down nearly 500 points, oil prices back at $110 a barrel, Dow futures down nearly 600 points, US Dollar index at 100, the index drops nearly 500 points in the first two hours of trade – Sounds like any other risk-off day. But come closing, the Nifty ends higher, despite all of the…
Stock Market Highlights: Benchmark indices staged a sharp recovery from intraday lows to end near the flatline, with the Sensex rising 185 points to close at 73,320 and the Nifty gaining 34 points to settle at 22,713. The Nifty rebounded more than 2% from the day’s lows, supported by buying in IT and banking stocks….
Mahindra & Mahindra Financial Services reported an estimated 11% year-on-year rise in disbursements for the March quarter at ₹17,180 crore, while full-year disbursements for FY26 grew 6% to around ₹61,100 crore, excluding finance leases. Business assets stood at approximately ₹1.33 lakh crore as of March 31, 2026, marking a 12% increase over the year-ago period….
AWL Agri Business Ltd. reported double-digit volume growth for the quarter ended March 2026 led by strong performance in its core edible oils segment. Volume for edible oils grew 17% year-on-year (YoY), making it the key growth driver during the period. The company’s overall domestic business recorded a 13% YoY increase, even as the food…
