Asian Paints, the country’s leading paint manufacturer, announced its earnings for the fourth quarter of the financial year 2025-26 on Friday, May 29. Along with the quarterly earnings, the company also declared a dividend for its shareholders. “Recommended payment of final dividend of Rs. 23 (Rupees twenty-three only) per equity share of the face value…
Ipca Laboratories reported a steady set of fourth-quarter earnings on May 29, with growth in domestic formulations and exports helping improve revenue and operating margins during the March quarter. Profit before exceptional items and tax rose to ₹450 crore in Q4FY26 from ₹333 crore a year ago. Revenue for the quarter increased 6.3% year-on-year to…
Ajit Banerjee, CIO of Shriram Life Insurance, says weak monsoon forecasts, rising food inflation and elevated crude oil prices could keep markets volatile in the near term. Despite global uncertainty, he remains cautiously optimistic on India, favouring large-cap banks, pharma, IT, FMCG and upstream oil & gas stocks. Banerjee believes India can still deliver returns…
Revenue from operations rose 19.5% year-on-year to ₹1,474 crore during the quarter, up from ₹1,234 crore in the corresponding quarter of the previous financial year. 1 Min Read Shares of Steel Strips Wheels traded nearly 2% lower on Friday, May 29, after the company reported a mixed set of earnings for the March quarter. The…
Shares of Indian IT companies rallied sharply on Friday, May 29, tracking strong gains in global technology stocks and renewed optimism around artificial intelligence-led spending. The rally lifted the Nifty IT index more than 2% higher in early trade, with heavyweight stocks including Infosys, Wipro and Tata Consultancy Services leading the gains. Shares of Wipro…
Shares of Wockhardt Ltd. climbed over 17% on Friday, May 29, after the company announced that the Central Drugs Standard Control Organisation (CDSCO) has approved the import and marketing of its breakthrough antibiotic Zaynich® (Zidebactam/Cefepime) in India. The drug has been approved for the treatment of adult patients with complicated urinary tract infections (cUTI), including…
Shares of Aegis Logistics Ltd. gained nearly 8% on Friday, May 29, after the logistics and oil, gas and chemical terminal operator reported strong March quarter earnings, driven by growth in its gas terminal business and higher revenue across operations. The company reported a 45.5% year-on-year rise in consolidated net profit to ₹410.4 crore for…
Top stocks to BUY, SELL or HOLD Today: ONGC, Ashok Leyland, GMR Airports, Bharat Dynamics, Astra Microwave and others (Image: AI/ET Now) Top stocks to BUY, SELL or HOLD Today, May 29: Brokerage actions across sectors are expected to keep several stocks in focus in today’s trade, with analysts issuing a mix of buy, hold…
Coal India Share Price: Shares of Coal India (a Maharatna company), the world’s largest coal producer, rose over 2 per cent on Friday (May 29) after the state-run miner’s Rs 5,000 crore offer for sale (OFS) opened for retail investors. As of 10:00 am, shares of the BSE 100 company were trading 0.2 per cent…
Wipro share price: The company’s share price surged nearly 5 per cent in intraday trade on Friday, after the company announced an expanded strategic partnership with ServiceNow to scale artificial intelligence-led enterprise solutions. The stock rose 4.73 per cent to hit an intraday high of Rs 211 apiece, after the company Wipro’s positioning in the…
