Great Eastern Shipping is set to offload the 2003-built tanker Jag Pankhi in Q1 FY27, marking a sale. The company also intends to bolster its fleet by acquiring two secondhand vessels as part of its strategic expansion plan.
Sunil Saxena
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BHEL contributes significantly to India's nuclear ambitions, producing a 700 MWe steam generator and collaborating with BARC on a 300 MWe reactor. Their efforts also extend to the ongoing development of Kudankulam's 2x1000 MWe units.
"Airline IndiGo grapples with complex issues, colloquially known as a 'perfect storm,' encompassing various operational and market pressures."
Stock markets are poised for a weaker opening today due to mixed global signals and surging oil prices. Key banks such as HDFC Bank, Yes Bank, Kotak Mahindra Bank, among others, are under the spotlight following their Q4 reports.
Adani Green Energy witnessed a significant increase in trading volume, with a 23.2 times surge to over 72 million shares, resulting in a 6.2% rise to Rs.908.2. Meanwhile, Zydus Wellness experienced a notable boost, recording a 17.2 times jump in volume to nearly 7 million shares and gaining 12% to reach Rs.497.25.
Stock market showed a positive trend for the third consecutive day, with banks taking the lead and pushing the Nifty up to 22,968. Notable gainers include Axis Bank and HDFC Bank, which reported strong Q4 growth, while Trent and Senco saw significant surges due to robust revenue figures.
TVS Motor's shares are up today due to optimism about electric vehicle (EV) growth enhancing its profitability, according to analysts. The company is anticipated to benefit from its focus on premium products and a strategic shift in its product mix, potentially boosting earnings.
SBI Trustee has freed the pledged shares of HDFC Bank and ICICI Bank, previously used as collateral for Sky Gold. Now, approximately 2.52 lakh shares of HDFC Bank and 2.12 lakh shares of ICICI Bank are no longer encumbered.
Defence shares such as GRSE, Cochin Shipyard, and BDL experienced a decline of up to 6%, contrary to their 5% surge observed yesterday in the India Defence Index. This could be attributed to profit-taking by investors following the index's growth.
Despite the broader market's sell-off, IT stocks such as HCL Tech, Coforge, and Persistent Systems managed to gain 1-2%. The Nifty IT index saw a 0.3% increase with 8 of its constituents showing growth, while the Sensex/Nifty experienced a decline of over 1.4%. This suggests that investors may be finding opportunities in the IT sector during the market downturn.
Manappuram Finance has launched an open offer to acquire a 26% stake worth approximately Rs. 6,063 crore at a price of Rs. 236 per share, including interest. The independent directors have deemed this offer as fair.
CarTrade Tech is strengthening its AI platforms by merging CarWale and OLX, aiming to enhance consumer-to-business and consumer-to-consumer experiences. Analysts forecast a 1-1.5% increase in EBITDA for FY26-29E, maintaining the 'Buy' rating with a target price of ₹2,380 by March 2027.
MuSigma Securities has offloaded approximately 398,462 GANECOS shares at an average price of Rs. 1,086.9 each in a bulk transaction on the National Stock Exchange (NSE).
SML Mahindra experienced a positive surge in March 2026 sales, reporting a 6% year-on-year increase. This growth in sales has contributed to an improvement in the company's stock performance.
Investment firms express optimism towards HDFC Bank following a 26% decline in its share price this year, predicting a recovery. Despite dropping by 3.2% on Monday to Rs 731.8, the bank's performance was weaker than Bank Nifty's 1.6% decline, suggesting potential investment opportunities.
Tarsons Products maintains a strong credit rating, as confirmed by CARE. Their long-term loan standing is rated 'CARE A' and considered stable. Similarly, short-term facilities have been rated 'CARE A1', following some adjustments in total limits due to both enhancements and reductions.
Adani Enterprises establishes a new metals trading unit in the UAE named ADANI METALS AND MINERALS FZCO. The subsidiary has an initial capital of AED 50,000 and will focus on precious metals and related products trade.
Newgen Software has landed a significant 5-year deal with a prominent Malaysian bank, valued at around INR 15.6 crores. The agreement involves implementing a loan origination solution, along with cloud hosting and support services.
Oracle is implementing a worldwide reduction in workforce as part of an initiative to reduce costs. This move will impact thousands of employees globally.
Acme Solar is under scrutiny as they've received a GST notice worth approximately INR 149.73 crores due to alleged compliance issues. They now need to address these concerns with the relevant authorities.