Godrej Consumer anticipates a 6-9% increase in costs due to high crude and palm oil prices, but is preparing strategic actions to mitigate these impacts. The company projects double-digit growth in standalone sales, stable EBITDA margins, and improvement in its Indonesia business with mid-single-digit volume growth.
Jubilant FoodWorks saw a 19% year-on-year increase in Q4 revenue, while Godrej Consumer projects double-digit sales growth ahead. Meanwhile, IRFC granted a loan of Rs. 1000 crores, and Aurobindo Pharma reported successful Phase 3 trials for biosimilar BP11.
Beacon Stone Capital offloaded approximately 797,000 shares of Agi Infra at a price of INR 310 per share in a recent transaction.
AGI Infra has received approval from GMADA to develop the Utopia Housing project in Chandigarh, covering 10.26 acres with over 660 apartments and approximately 3.19 million square feet of saleable area.
Sanjay Thakker, chairman of Landmark Cars, outlines ambitious growth strategies and expansion plans during a recent ET Now interview, hinting at an exciting future for the company.
The Nifty Bank index experienced a significant surge of over 1,600 points on Thursday, closing above 51,000. This rally was in response to Q4 updates from twelve constituent banks. Notably, HDFC Bank reported a 12% increase in loans, while Axis Bank and IDFC First Bank saw growth of 18.3% and 20%, respectively. Conversely, IndusInd Bank experienced an 8.7% decline in loan growth during the same period.
Public sector banks (PSUs) such as Bank of Baroda and Bank of Maharashtra experienced a strong rally, while private lenders like IndusInd Bank and HDFC witnessed a decline in today's market. Notably, RBL Bank reported impressive growth in both loans and deposits, whereas IDFC First Bank saw a drop in their Current Account Savings Account (CASA) ratio.
Wipro's shares climbed 1.8%, reaching ₹198.49, due to a $1B deal with Olam and the acquisition of Mindsprint. This deal strengthens their agri-tech sector, yet the stock is down 26% year-to-date, underperforming the Nifty index.
According to Investec's predictions, Wipro might be planning a significant share buyback worth approximately ₹16,000 crores. This move could signal a commitment towards returning capital to shareholders and prioritizing shareholder value.
Diamond Power Infrastructure has secured a Rs. 19.6 crore cable supply contract from Adani Green Energy, marking a new business agreement between the two companies. The deal, valued at approximately $2.7 million, is scheduled for execution in the next 15 days and does not involve any related party transactions or promoter connections.
Diamond Power secured orders worth INR 163 crore from the Adani Group, with notable orders coming from Adani Power (INR 43.3 crore) and Adani Electricity (INR 100.5 crore). The company's Q3 FY26 net profit surged by an impressive 693% to INR 49.72 crore, attributable to a strong sales growth of 54.2%, reaching INR 474.08 crore.
Texmaco Rail has secured a substantial ₹39.3 crore contract from Southern Railway for the installation of 25KV Overhead Electrification (OHE) systems, with a target completion date set over the next 36 months.
Texmaco Rail has secured a new order worth INR 39 crore from the Southern Railways, indicating continued growth in their rail infrastructure business.
The major banking stocks experienced a decline following Q4 updates, with the Nifty Bank index dropping by 0.9%. Notable declines were seen in Kotak and IndusInd, both falling over 2%, while ICICI, PNB, and IDFC First experienced a drop of more than 1%.
The Bombay High Court has denied a request to include Debjyoti Dutta as an accused in the 3,000-crore PNB fraud case, following a plea submitted by Nitin Shahi of Gitanjali Gems.
Kusum K. Anam has offloaded 60,000 shares of Banka BioLoo at an average price of approximately Rs. 50.16 each in a recent sale. This could potentially signal changes in her investment strategy regarding the company.