The shares of Amba Auto Sales and Services are set to make their stock market debut on Tuesday with grey market signals pointing to a muted start, as the SME issue is commanding a zero premium ahead of listing. A GMP indicates that the stock is currently expected to list close to its issue price […]
Nifty today: Pre-market action: Here’s the trade setup for today’s session
Nifty gained in Monday’s session and settled at 24,119 and the rebound was led by easing crude prices from last week’s highs and improving risk sentiment, aided by marginal geopolitical relief after the US signalled efforts to facilitate vessel movement through the Strait of Hormuz. Analysts say markets are expected to sustain their gradual upmove, […]
Federal Bank eyes long-term value creation from SCB Card portfolio acquisition
ET Intelligence Group: Federal Bank is set to gain from a high-quality customer base through its acquisition of Standard Chartered Bank’s (SCB) credit card portfolio, with 95% of incoming customers holding a credit score of 700 or above. This ensures relatively low-risk, creditworthy additions to the bank’s books. The new portfolio also brings a younger […]
NSE launches Electronic Gold Receipts to formalise India’s gold market; successfully dematerialises 1 kg gold bar
National Stock Exchange (NSE) on Monday launched Electronic Gold Receipts (EGRs) as a new trading segment, marking a significant step toward modernising and formalising India’s vast, tradition-driven gold market. NSE said in its press release that the move is a transformative initiative designed to bring transparency, efficiency, and formalisation to India’s massive, deeply tradition-rooted gold […]
Bajaj Auto and 4 other stocks hit a 52-week high, rally up to 40% in a month – Fresh Highs
Benchmark Sensex rose 355 points to close at 77,269. In an overall positive market session, five stocks from the BSE 100 index touched their 52-week highs, marking their strongest levels in the past year. Such milestones are generally viewed as bullish signals, indicating strong momentum and the potential for continued upside. Source link
Quote of the day by Walter Schloss: “One of the things you learn in this business is humility because you see your mistakes the next day.”
“One of the things you learn in this business is humility because you see your mistakes the next day.” — Walter Schloss In the world of investing, where conviction often meets uncertainty, this simple yet profound observation by Walter Schloss captures a truth many market participants eventually confront. Markets have a unique way of humbling […]
Tata Technologies Q4 Results: Cons PAT rises 8% YoY to Rs 204 crore, revenue rises 22%
Tata Technologies on Monday reported a consolidated net profit of Rs 204 crore for the March quarter compared to Rs 189 crore in the year-ago period, an 8% year-on-year jump. The profit is attributable to the shareholders of the company. The company’s revenue from operations in Q4FY26 stood at Rs 1,572 crore, up 22% from […]
CSB Bank Q4 profit rises 6% on lower provisions, growth steady
Fairfax-backed CSB Bank reported a 6% year-on-year rise in fourth quarter net profit at Rs 202 crore as compared with Rs 190 crore in the year ago period, helped by lower provisions. Pre-provision operating profit for the quarter was 7% lower at Rs 294 crore as against Rs 317 crore earlier, on account of 9% […]
Aditya Birla Capital Q4 Results: Net profit rises 31% at Rs 1,129 crore
Aditya Birla Capital on Monday reported a 31 per cent growth in consolidated profit at Rs 1,129 crore for the fourth quarter ended March 31 on higher interest income. The financial services company had profit attributable to owners of the company from total operations on consolidated basis at Rs 865 crore in the January-March period […]
Adani Ports, Tata Motors and Siemens Energy witness block deal action on Monday
Block deal activity gathered pace on Monday, led by heavy institutional flows into Adani Ports and Special Economic Zone (APSEZ), where global funds collectively invested over Rs 7,400 crore. There were smaller block deals in stocks line Tata Motors (TMCV) and Siemens Energy India. In APSEZ, Capital Group International All Countries Equity Trust acquired 2.46 […]