Category: Stock

Indian Continent Investment, a Sunil Mittal-led promoter entity in Bharti Airtel, may offload nearly 0.8% stake in the telecom company for over Rs 9,300 crore in a block deal on the exchanges on Friday, according to a term sheet seen by ET. The firm will sell 5 crore shares in the telecom operator, it said. […]

India’s headline indices recovered from the day’s low to end with minor gains on Thursday, ending their two sessions losing streak. The recovery was led by index heavyweight HDFC Bank with strong support from IT stocks, Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities said that Nifty witnessed a roller-coaster […]

The Indian market ended marginally higher on Thursday, paring early losses as buying picked up in the final hour of trade on the weekly expiry of Nifty derivatives. Sentiment recovered after brokerages said the impact of U.S. President Donald Trump’s abrupt move to double tariffs on Indian exports would be limited, suggesting limited fallout for […]

TV broadcaster Sun TV Network reported a marginal decline in its consolidated revenue and profit for the quarter ended June 30, as advertising income remained under pressure amid cautious spending by advertisers. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) stood at ₹617 crore, down 13% from ₹706 crore in the same quarter last year. […]

Grasim Industries is expected to report a widened net loss in Q1 despite robust revenue growth of over 30% year-on-year. Brokerages anticipate weak profitability due to continued losses in new-age verticals like paints and B2B e-commerce, as well as soft margins in its core viscose fibre business. While the chemical segment shows marginal improvement, analysts […]

Pune-based Emcure Pharmaceuticals on Thursday reported a 41% year-on-year increase in first quarter net profit at Rs 215 crore. Revenue from operations rose 16% to Rs 2,101 crore, driven by robust performance in domestic and international businesses. The company’s EBITDA margins for April-June stood at 19.2% with EBITDA up 20.1% YoY. International business grew 22%, […]

Biocon posted a 95% year-on-year decline in reported net profit in the first quarter ended-June. However, the company claims to have on a like-for-like basis booked a 65% increase in profit after tax, after adjusting for the one-time divestment gains it made in the same quarter a year ago from the sale of metabolic, oncology […]

Realty developer Signature Global has reported a 386% year-on-year increase in profit after tax (PAT), reaching Rs 34 crore in Q1 FY26 compared to Rs 7 crore in Q1 FY25. This growth was primarily driven by increased revenue recognition, which rose by 118% to Rs 870 crore from Rs 400 crore in the same quarter […]

Hindustan Petroleum Corporation (HPCL) on Thursday reported a 1,128% jump in its Q1 standalone net profit to Rs 4,371 crore compared to Rs 355 crore in the year ago period. The state-refiner’s income from operations stood at Rs 1,20,135 crore which was marginally down 0.6% versus Rs 1,20,878 crore posted in the corresponding quarter of […]

Asset management firm OppenheimerFunds on Thursday sold shares of private sector lender Kotak Mahindra Bank for Rs 2,035 crore through an open market transaction. US-based OppenheimerFunds is a part of global investment firm Invesco. According to the bulk deal data on the NSE, OppenheimerFunds through its affiliate — Oppenheimer Funds Inc A/C Oppenheimer Developing Markets […]