Indian engineering research and development (ER&D) firm Tata Elxsi reported a 45.3% drop in third-quarter profit on Tuesday, primarily due to a one-time charge tied to the country’s new labour codes. The Bengaluru-based company reported a profit of 1.09 billion rupees ($12.1 million) for the quarter ended December 31. Tata Elxsi took an exceptional charge […]
Bank of Maharashtra reports 26% YoY jump in profit to Rs 1,779 crore
Bank of Maharashtra on Tuesday declared a 10% interim dividend as it released its Q3 results. The bank posted a 26% year-on-year rise in profit to Rs 1,779 crore, supported by a healthy 20% growth in advances. Its net profit for the year-ago period was Rs 1,407 crore. The government-owned bank reported a net interest […]
Reliance Retail-owned stock tanks 10% as Q3 net profit plummets 97% to Rs 14 lakh
Shares of Reliance Retail-owned Lotus Chocolate Company nosedived 10% to close the session at Rs 677 on January 13 after the company’s net profit took a massive 97% hit in the third quarter of the financial year 2026. The company’s net profit stood at Rs 14 lakh, down by 96% year-on-year, Lotus said in a […]
Authum Investment among 7 stocks hit 52-week highs; gains up to 30% in a month – Fresh Peak
Benchmark Sensex declined by 250 points to close at 83,628 on Tuesday. Despite the broader market’s weakness, seven stocks from the BSE 500 index touched fresh 52-week highs, marking their strongest levels in a year. Such breakouts generally reflect solid bullish momentum and may point to further upside in the near term. Source link
Unique Picks: 11 stocks held by a single MF scheme in December; surge up to 143% in FY26
ETMarkets identifies 11 stocks held exclusively by a single mutual fund in December 2025, with gains of 10% to 143% in FY26. Analysis highlights exclusive holdings, top performers, and underperformers in the Indian equity mutual fund space. Source link
India’s new labour codes could wipe out up to a fifth of IT profits, Jefferies warns
India’s $250 billion information technology industry is bracing for a potentially sharp earnings shock from the rollout of the country’s new labour codes, with Jefferies warning that December-quarter profits could fall by as much as 10%–20% and margins could remain under sustained pressure thereafter, even as it reiterates selective buy calls on stocks such as […]
Sensex sheds over 900 pts from day’s peak, Nifty sinks 1%; Rs 3 lakh crore vanish. Here are 5 key factors behind the stock market decline
Indian equities staged a brief morning flourish on Tuesday, only to unravel just as quickly, leaving investors nursing sharp intraday losses and a renewed sense of unease. The BSE Sensex tumbled 933 points from its day’s peak, while the Nifty 50 slid more than 1%, erasing Rs 2.6 lakh crore in market value as selling […]
Ashish Kacholia-backed Balu Forge shares bounce back 13% after sharp YTD fall
After witnessing a sharp fall of nearly 27% over the last six sessions, shares of ace investor Ashish Kacholia-backed Balu Forge Industries surged as much as 13% intraday on Tuesday following a company clarification regarding the conclusion of a recent Income Tax Department search. In an exchange filing, Balu Forge stated that the search operation […]
Buy or sell? What TCS, HCL Tech results mean for IT stocks after Rs 75,000 crore FII selloff
While TCS and HCL Tech shares were trading little changed on Tuesday post their Q3 results announced on Monday, brokerages and market strategists are increasingly debating whether the combination of earnings trends, valuation support, and demand signals warrants a tactical buy or continued caution amid a deep Rs 75,000-crore FII selloff in 2025 that has […]
NLC India shares gain 3% as board approves subsidiary listing, interim dividend
NLC India’s share rose 2.8% to Rs 263.05 on Tuesday’s trading session following the company’s announcement on a series of key board decisions, including plans to list its renewable energy arm and the declaration of an interim dividend. BSE, NLC India, in a regulatory filing, said its board has granted in-principle approval for the listing […]