RM

Rajesh Menon

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RM

Netweb Technologies has seen a credit rating upgrade to 'Crisil A (Stable)', reflecting their robust financial standing due to significant revenue growth. The bank loan limit for the company has been increased to ₹700 crore, demonstrating confidence in their continued success.

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Notable investor Ashish Kacholia has purchased a significant stake in Asian Energy Services, a company undergoing a shift from oilfield services to broader energy and mineral infrastructure. Trading at 32x earnings with an anticipated FY25 Return on Capital Employed (ROCE) of 16.6%, the investment comes with potential risks due to the industry's high cyclicality and premium valuation during this ongoing business transformation phase.

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Despite increased fuel prices, major oil companies like Indian Oil, Hindustan Petroleum, and Bharat Petroleum have managed to cut their daily losses from ₹1000 crore to ₹600 crore, suggesting some resilience amid the challenges.

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Venus Pipes saw a 3.8% increase in share price to Rs 1468, following the launch of a new seamless pipe production capacity of 4,200 MTPA. This expansion is expected to strengthen operations and cater to high-growth sectors, potentially enhancing their product offerings for long-term growth.

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Bajaj Auto's lower P/E ratio of 27.2 compared to the industry's 30.2 suggests a potential undervaluation, offering investors an advantageous entry point. Furthermore, robust institutional backing and solid performance have fortified Bajaj Auto's status within the Nifty 50 index.

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RVNL's Q4 profit plunged by nearly 60% compared to last year, resulting in a significant reduction in profit margins. The company announced a final dividend of Rs. 0.71 per share for the quarter.

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Indigo Paints aims for a 30% growth in FY27 for their subsidiary, Apple Chemie, driven by robust orders and enhanced brand presence. The strategy includes maintaining high revenue growth and expanding operations into under-tapped market areas.

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Defense stocks saw a surge of 11% in Apollo Micro, driven by a stronger performance of the private sector. Similarly, Paras Defence, Astra Microwave, and other defense companies experienced gains, with the Nifty Defense index rising by 1.2%. This suggests a positive trend in the defense sector.

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AU Small Finance Bank exhibits promising signs of growth, thanks to a bullish Moving Average Convergence Divergence (MACD) reading and strong technical indicators. This momentum suggests a potentially positive outlook for the bank's stock price, with supportive moving averages also in play.

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The Indian Railways Finance Corporation (IRFC) has secured a significant ₹13,527 crore refinancing deal with L&T Hyderabad Metro, marking a substantial step forward in their ongoing partnership.

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Tembo Global experienced a significant increase in their Q4 net profits, jumping by 83% compared to the same quarter last year, amounting to ₹269 million.

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Despite a substantial revenue surge in Q4, Zota Health Care reported an increased net loss of ₹145 million compared to the same quarter last year. This contrasts with the significant revenue growth from ₹973 million to ₹1.6 billion over the same period.

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Rajesh Menon2d ago
IOC

Fuel prices have risen by nearly ₹1 per liter over the past eight days, reaching a total of ₹5 increase, contrary to the 5.5% drop in Brent crude oil since May 15. This indicates that Oil Marketing Companies (OMCs) are not fully passing on the benefits of the crude oil price dip to consumers.

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Nucleus Software aims for a 19% annual revenue increase, backed by an impressive order book value of approximately INR 1044 crores.

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Aequs Limited has allocated approximately 9.3 crore INR towards its joint venture in the cookware sector through a rights issue, acquiring around 1.82 million shares at 51.2 INR each. This investment follows the joint venture's reported 16-crore turnover for FY25 and is funded by proceeds from their initial public offering (IPO).

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Gulshan Polyols has announced a notable year-over-year increase in their Q4 sales for FY26, reaching INR 5,508 million compared to INR 5,148 million in the previous year, demonstrating a strong performance.

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Modern Threads India Ltd will be discussing their audited financial results at a board meeting on May 30, 2026. Trading of the company's shares is suspended from April 1, 2026 and won't reopen until 48 hours after the results are announced.

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Rajesh Menon4d ago
ITC

Morgan Stanley maintains its neutral stance on ITC, setting a target price of INR 346. Investors might consider this recommendation as the company stands firm in its assessment of ITC's performance.

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Seamec Ltd's vessel, SEAMEC DIAMOND, has temporarily stopped operations due to technical issues as of May 21, 2026. The company expects the vessel to resume work once the problems are resolved and has informed the stock exchanges accordingly.

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Adani Ports has expanded its global footprint by establishing a new subsidiary in Angola, marking a strategic move to broaden their operations overseas.

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Rajesh Menon4d ago
HAL

Shares of defense companies BEL, HAL, BDL, and Mazagon Dock see a boost due to rumors of an impending BrahMos export deal, indicating potential growth in international sales for these companies.

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Moneycontrol has identified Welspun Corp as a stock worth watching, due to its appearance in both broad market updates and company-specific news.

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Garware Hi-Tech Films expands internationally by establishing a new subsidiary, Garware Hi-Tech Global Trading FZCO, in Dubai to target MENA and global markets. The initial investment for this venture amounts to AED 2 million, with a focus on producing films, ceramic coatings, and paint protection films.

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Rajesh Menon5d ago
BEL

BEL projects a potential order intake of approximately $7 billion (₹55,000 Crore) by FY27, primarily due to the QRSAM project. The company plans to invest INR 2,200 Crore in R&D and expects capital expenditure to surge by 20% over INR 1,200 Crore.

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PI Industries' earnings disappoint, causing a decline in its shares, while Mankind Pharma experiences growth due to strong earnings. Meanwhile, Godawari Power, Karnataka Bank, and Dredging Corp have all seen an increase in their shares, following robust results.

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Mangal Credit and Fincorp Ltd has announced the issuance of 1,000 secured NCDs worth ₹10 crore, each priced at ₹1 lakh. These instruments offer an annual coupon of 11.75% over a tenure of 21 months and are now listed on BSE.

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On May 21st, key companies like ITC, LIC, Nykaa, and GAIL are set to reveal their Q4 results. Investors will closely monitor revenue growth, profit margins, and any notable commentary. Particular interest lies with ITC, LIC, and Nykaa due to their market significance.

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Garware Technical Fibres Limited has proposed a dividend of INR 1 per share for the fiscal year 2026, subject to approval at the upcoming Annual General Meeting, following the declaration of their Q4 and full-year financial results.

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The Nifty index has surpassed 23,650 today, with key contributors including Grasim, Indigo, and Apollo Hospitals. Notable gains are being observed in these stocks during the afternoon trading session.

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Reliance Jio has the largest user base of over 524 million subscribers, boasting an average data usage of 42.3GB per month and a growing 5G user count at 268 million. Bharti Airtel, on the other hand, is focusing on increasing Average Revenue Per User (ARPU) with strategies such as premiumisation and revenue strengthening, while simultaneously expanding its own 5G, broadband, and AirFiber services.

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IndusInd Bank's rating outlook has been upgraded to stable by Moody's, acknowledging their improved governance, robust capital, and steady asset quality. This positive shift comes despite a slightly weaker retail funding position compared to competitors in the industry.

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Rajesh Menon5d ago
MCX

MCX reaches an unprecedented high of Rs 3,446 on May 20, 2026, signaling robust technical and financial indicators for the exchange. This surge suggests investor confidence in its future prospects.

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Adani Power has announced a ₹4,000 crore purchase of a 24% stake in JP Power and an associated 180 MW power plant. This move has boosted the company's shares, with a 0.6% increase to ₹220.4 today, marking an impressive 50% growth year-to-date.

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CMS Info Systems aims for a growth of INR 2,000 crore by FY27, driven by AI implementation and major bank contracts such as SBI, HDFC, and ICICI. In response to margin issues in FY26, the company is now focusing on fixed fee contracts, technology solutions, and diversifying its ATM management services.

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Rajesh Menon5d ago
KEI

KEI Industries has invested approximately INR 5.9 crore to acquire a significant stake (26%) in Solarcraft Power India 24, securing access to up to 11.25 MW of solar power in Rajasthan for self-consumption purposes. This strategic move aims to strengthen KEI's renewable energy portfolio.

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Grasim Industries plans to reach INR10,000 crore in revenue for its division Birla Opus by the financial year 2028-29, starting from the base year of 2025-26. The goal is to secure the No. 2 spot in the decorative paints market with a projected high double-digit growth rate by FY27.

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Grasim Industries has given the green light for a Rs 2,880 crore share issue, which could potentially influence their stock market position.

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PI Industries anticipates growth in the upcoming fiscal year, fueled by new product launches such as Pioxaniliprole. The company's focus on pharmaceutical and electronics sectors will be instrumental to its growth strategy.

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JUNOMONETA FINSOL has offloaded approximately 243,602 shares of Asian Energy Services, with an average selling price of INR 362.8 each. This transaction marks a significant sale in the ongoing market activities.

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Rajesh Menon5d ago
ITC

ITC's anticipated Q4 FY2026 earnings estimates, as per ET NOW, are generating interest. Stay tuned for further details on the company's potential performance in the coming quarter.