The shares of Gallantt Ispat, CreditAccess Grameen, Shyam Metalics, and GCPL have increased following Q4 updates, with Gallantt seeing a jump of 13%. CreditAccess reports a 28% increase in disbursements, Shyam Metalics' steel sales are up by 59%, while GCPL anticipates a potential margin decline.
Rahul Dubey
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SPL Industries has rectified an error regarding 216 additional shares previously attributed to Sunil Kumar & Sons, as per revised filings with CDSL and RTA, now listing them under the promoter group.
Titan reports a significant 42% year-on-year increase in domestic sales, driven by the addition of 42 new stores within the country. The jewelry sector saw an impressive 46% growth, while watches showed a more modest 7% rise. International sales soared 156% YoY.
The Electronics Manufacturing Services (EMS) sector is experiencing growth due to government PLI incentives and supply chain diversification efforts. Notable stocks to watch in this sector include Syrma, Dixon, Kaynes, and Amber, according to HDFC Securities.
HSBC reaffirms its bullish stance on Marico, predicting a price of ₹940, due to robust volume expansion in India. Key factors contributing to this positive outlook are a 20% year-on-year growth in VAHO, recovery in the foods segment, and improving profit margins for Parachute.
Greenlam Asia Pacific has taken full ownership of its Indonesian subsidiary, PT. Greenlam Indo Pacific, after acquiring the remaining 33% local stake. This move enhances control and compliance within the organization.
Strong performances by major banks such as HDFC, Yes, Kotak Mahindra, IDBI, Union Bank of India, and Bank of Baroda have sparked a rally in banking stocks. Key highlights include HDFC's 10-12% growth in loans and 12.8% increase in deposits, while Yes Bank, IDBI Bank, and Kotak Mahindra Bank also showed strong double-digit growth in key metrics.
Strong performances by major banks such as HDFC, Yes, Kotak Mahindra, IDBI, Union Bank of India, and Bank of Baroda have sparked a rally in banking stocks. Key highlights include HDFC's 10-12% growth in loans and 12.8% increase in deposits, while Yes Bank, IDBI Bank, and Kotak Mahindra Bank also showed strong double-digit growth in key metrics.
Despite Bajaj Auto surpassing export figures by 21%, their domestic sales of 4.45 lakh units fell slightly short of expectations, causing a 1.8% drop in stock price to ₹8,740. The missed monthly run rate for exports may have contributed to the dip.
S.H. Kelkar announces lowering of its Q4 inventory while ensuring that necessary commodities remain well-stocked. This move suggests a strategic approach to manage supply and demand dynamics during the quarter.
JK Lakshmi Cement has been selected as the preferred bidder for a limestone block lease in Madhya Pradesh, following an auction by the state government. This development was announced under SEBI regulations.
Axis Securities has issued a warning about increased pressure on margins for companies like HUL, Dabur, and Asian Paints due to rising costs of crude and materials. The FMCG, paints, QSR, and retail sectors are experiencing cost shocks, with Jubilant FoodWorks, Trent, and V-Mart being the most vulnerable.
Tata Steel and Jindal Steel could see a boost in their Q4 earnings this fiscal year due to increased domestic prices, reduced imports, and robust demand. However, potential issues with LNG supply may impact JSW Steel's spreads.
Punjab & Sind Bank reported a significant increase in gross advances (loans) of 18.4% as of March 31, 2026. Additionally, total deposits grew by 12.4% year-on-year, indicating a steady growth trend for the bank.
SBI customers have faced over 500 UPI payment issues, as per reports on Downdetector. The problems led to failed transactions, but the root cause remains undisclosed at this time.
Manappuram Finance aims to borrow INR 7,400 crore by the end of FY27 for expansion of its loan portfolio and subsidiaries. Despite a 8% decline in revenue year-on-year in Q3 FY26 and a drop in net profit to INR 239 crore, shares are trading at INR 258, with a high PE ratio of 53.5.
Granules Life Sciences has received a Voluntary Action Indicated (VAI) status from the US FDA following an inspection, which focused on current Good Manufacturing Practices (cGMP) and pre-approval inspections. This classification does not suggest any regulatory action and allows for increased production capabilities at Granules Life Sciences.
Navin Fluorine has reported a loss of share certificates according to the Financial Express. Affected shareholders have 15 days to file claims with KFIN Technologies for replacement certificates.
Bharti Airtel will pay a significant part of its AGR dues totaling ₹10,000 crore by March 31, starting the post-moratorium repayments. However, with an overall AGR liability (including interest) over ₹40,000 crores, the company is looking to have its assessments reevaluated similar to Vodafone Idea.