Goldman Sachs advises purchasing shares in Marico, forecasting a potential high of ₹860, affirming their confidence in the company's growth prospects.
Sneha Patel
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NK Securities has purchased approximately 182,759 shares of Ganesha Ecosphere, investing around ₹2 million at a share price of ₹1108.8. This could indicate increased interest in the company's performance.
Coforge appoints Sunil Fernandes as its new COO, tasked with overseeing worldwide operations, including delivery, administrative functions, and internal IT services.
Bella Casa has revealed their Yearly Regulation 31(4) compliance in accordance with SEBI Takeover Rules for the fiscal year ending March 31, 2026. The disclosure, made to both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), pertains to the promoter group.
Maithan Alloys Ltd has experienced a drop in its long-term rating to AA Stable by CRISIL, signifying weak business performance. Despite maintaining a strong financial position, the short-term rating remains A1. However, profitability is affected due to high power costs.
Nomura has raised concerns about margin pressures for oil marketing companies (IOCL, BPCL, HPCL) due to rising prices of ATF and LPG, along with subsidy burdens. On the other hand, Petronet LNG is expanding its capacity to 22.5 mtpa, while Reliance Industries' SEZ refinery has been exempted from windfall tax, boosting their margins.
Sanathan Textiles aims to expand operations in Punjab, seeking to enhance profitability and ultimately double its current revenue.
Concord Biotech has purchased Celliimune Biotech for approximately $940,000 to strengthen its research efforts in the field of DNA engineering for cancer treatments. The move aims to accelerate advancements in cancer therapeutics.
Adani Power has secured a 25-year deal to provide 2,500 MW of power to Maharashtra State Electricity Distribution, marking a significant expansion for the company's power supply operations in the region.
IREDA and HUDCO stocks experienced a notable increase of over 5%, indicative of investor optimism following recent business updates. The positive news seems to have boosted the market's confidence in these companies.
The Indian oil company IOC has corrected an error, confirming that jet fuel prices have risen by 8.5%, not the initially reported 115%. This adjustment may have an effect on IndiGo, a significant airline in the country.
IOC corrects a pricing error, confirming that the increase in ATF price is actually 8.5%, not 115%. The revised price now stands at Rs. 1.04 lakh per Kiloliter.
HDFC Asset Management Company (HDFC AMC) has completed a significant block trade on the NSE for approximately INR 32 crore ($4.2 million USD), with each of the 138,049 shares traded at INR 2,319.6.
Paisalo Digital experienced a 2.8% increase in share price, reaching INR 34.7, following the IVR AA rating for its INR 1,500 crore NCDs. The Q3FY26 Profit After Tax (PAT) grew by 6% YoY to INR 66.3 crore, while Assets Under Management (AUM) increased by 16% YoY to INR 5,508 crore.
Maruti Suzuki breaks a new record with its highest ever domestic and overall vehicle sales in FY26, selling 1.86 million units domestically and 447,000 units abroad, totaling 2.42 million units for the fiscal year.
Ashiana Housing has been issued a Rs 4.96L GST demand related to input tax credit disputes concerning the Ashiana Umang Phase IV project in Jaipur. The company plans to challenge this demand, evaluating its potential implications on their operations.
Transworld Shipping Lines Ltd (TSLL) has experienced a credit rating downgrade from Crisil due to outstanding debts amounting to ₹476 Crore. As a response, the company sold its vessel SSL Krishna for ₹110 Crore, but is encountering operational difficulties in the Middle East, which in turn affects its operations on the SSL Kaveri.
The Investment Trust of India has reached its lowest point in a year, dropping significantly to Rs 86 and plummeting 53.3% from its previous price at Rs 184. This downturn, now on its third consecutive session, contrasts with the overall market recovery, indicating strong selling pressure.
Quess Corp has been issued a GST fine of INR 39.4 lakhs due to discrepancies in taxes. Despite this, the company claims there will be minimal financial impact and intends to challenge the ruling in an appeal.
BHEL has been granted a 5-year extension to source specific goods from neighboring nations, securing continued cross-border procurement and ensuring uninterrupted supply chains over the next five years.