The Sensex declined by more than 150 points today, pushing the Nifty below the 24,000 mark. Shares of Airtel and IndiGo dropped by up to 4%, contributing to the market's downward trend.
Kavya Nair
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Power Grid Corporation announced its Q4 FY26 highlights, boasting a 3 trillion rupee increase in gross fixed assets and nearly 100% system availability. Future plans involve the development of 765kV digital substations, battery energy storage projects, and a capital expenditure (CapEx) goal of 37,000 crores for FY27. Notably, they've also met their ESG objectives.
Polyplex Corp reported a significant turnaround in Q4 FY26, posting a profit of ₹38 crore after a year-on-year loss of ₹9 crore, with revenue growing by 7.5%. The company also announced a dividend of ₹1 per share. Despite this positive news, shares traded at a decrease of 2.5% at ₹938, bringing the market capitalization to ₹2,971 crore.
Saksoft has announced that the record date for its final dividend in fiscal year 2026 will be July 31, 2026. Investors with shares registered by this date will be eligible to receive the dividend payout.
Jubilant Ingrevia announces a proposed final dividend of INR 2.5 per share for the fiscal year 2026, subject to approval at the upcoming AGM. Additionally, they have reappointed J.K. Kabra & Co. as cost auditors for fiscal year 2027 and set July 24, 2026, as the record date.
Balu Forge's CFO, Amit Todkari, has announced his departure, effective from May 25, 2026. In the meantime, Sandeep Chadha will take on the role as interim CFO while the company searches for a permanent replacement.
Sundaram Finance experienced a significant increase in its Q4 revenues, reaching ₹20.75 billion – a 15% jump compared to last year. This noteworthy growth indicates positive momentum for the company.
Punjab National Bank (PNB) managed to bounce back from its 52-week low, registering a 0.54% growth during the week ending May 22, 2026 – marginally surpassing Sensex's gain of 0.50%. The recovery was due to increased investor interest and cautious optimism, as PNB's share price reached Rs.102.6 after hitting a low on May 18.
Apollo Micro Systems experienced a significant surge of 13%, reaching a new high of Rs 400. This impressive gain in May represents an overall increase of 33%. The rally may be attributed to optimistic market conditions influenced by falling oil prices and renewed hopes for peace between Iran and the US.
The Indian stock market saw a significant rise today, with the Sensex climbing 850 points to reach 76,270 and the Nifty approaching 24,000, up by 251 points. This upward trend is largely attributed to optimism surrounding a potential US-Iran peace deal and a drop in oil prices.
Antony Waste Handling Cell will convene on May 29, 2026, to approve their financial results for the fiscal year 2026. The board meeting will also discuss and potentially recommend a final dividend distribution for the same period. Following the announcement of results, trading activity will resume.
LIR Life Sciences and Neuland Laboratories announce a partnership to develop transdermal drug delivery systems for macromolecules, marking a significant step forward in their collaborative efforts as of May 22, 2026.
Notable large-scale trades have emerged in companies like Paytm, Pine Labs, JSW Cement, and Adani Energy Solutions, as per reports by CNBC TV18. These substantial transactions indicate active trading activity within these companies.
Jio Financial's high P/E ratio of 101.2, more than five times the industry average, suggests potential caution for investors. The shift in institutional sentiment may also affect its position within the Nifty 50 index, raising questions about its benchmark status.
IRCON's Q4 net profit dropped by 9.2% compared to last year, totaling ₹191.6 crore, and revenue decreased by 6.5%. However, a positive note is the increase in EBITDA by 2.3%, with margins improving to 8.4%.
Pudumjee Paper Products reported a significant increase in Q4 sales, reaching INR 2005.5 million, marking a year-on-year growth compared to the previous year's INR 1900.8 million. This positive trend was evident in their latest earnings report spanning the quarter and fiscal year ending March 31, 2026.
Prozone Realty has scheduled a board meeting on May 29, 2026, to finalize their FY26 financial results. The company's trading window will close from April 1 and reopen 48 hours after the announcement of these results.
SAIL's open interest surged by 22.1%, indicating growing optimism among investors towards ferrous metals. Increased trading volumes and positive price trends suggest a strengthening belief in the industry.
Prakash Pipes Ltd will convene a board meeting on May 30, 2026, to scrutinize their audited financial results for the year. The board may propose a dividend distribution, but the trading window remains shut until 48 hours after the results are announced.
Indigo Paints reported a successful conclusion to its fiscal year 2026, announcing a final dividend of ₹5 per share. The company also made key personnel appointments for internal audit, cost audit, and senior management positions.
MTAR Technologies has secured a significant $65 million global contract, marking a notable expansion of its international business operations.
Info Edge surpasses expectations in all areas, reporting impressive results. Strong performances from Nykaa, Honasa, and Ixigo contribute to a positive market sentiment.
Indian IT giants such as Infosys, TCS, and LTIMindtree have experienced a 33% YTD drop amid concerns over AI disruption, weak earnings, and global economic pressures. However, analysts find attractive valuations in these stocks despite AI uncertainty. They favor Tech Mahindra, Coforge, and HCL Tech for their stronger deal visibility.
Vibhor Steel reported a 16% increase in revenue for Q4, reaching INR 335.1 crore, with EBITDA growing by 26.1%. However, the company's net profit dropped by 42.1%, mainly due to increased costs. The expansion of their Odisha plant might be contributing to these higher costs.
In the financial year 2026, private banks encountered a decline in their return on equity due to compressed net interest margins and losses from treasury operations. Notable banks like ICICI Bank, Axis Bank, HDFC Bank, and Kotak Mahindra experienced profitability hurdles as a result.
India Tourism Development Corporation (ITDC) announced revenues of INR 52.74 crores for FY26, marking a significant figure in their financial growth. The board also declared a dividend of INR 2.95 per share. However, auditors raised qualifications over MSME compliance and certain other issues, which could potentially impact the corporation's future performance.
Puravankara's subsidiary, SICL, has secured a new contract worth approximately INR 133 crores for civil works at Embassy Eden in Bengaluru. The project is expected to last for 34 months and was awarded by Sion Eden Developers.
Walchandnagar Industries significantly improved its financial performance in Q4, turning profitable year-over-year by reducing a massive loss of ₹471M to an EBITDA gain of ₹42M.
BEL anticipates a revenue growth of over 15% and aims to achieve this target by the fiscal year 2025-26. The company also predicts EBITDA margins exceeding 28% for the following fiscal year, 2026-27.
Fine Organic's Q4 profits experienced a significant increase of 59%, closing at INR 117.49 crore. Despite the rise by 3.9%, the stock remains 13.6% short of its 52-week high, currently trading at INR 4,742.05.
PPFAS MF, under Rajeev Thakkar's leadership, increased its investment in IT giants such as HCL Tech, Infosys, and TCS worth approximately 1,417 crore, 1,181 crore, and 847 crore respectively, during April. Conversely, they trimmed down their holdings in PSU companies like Power Grid, Coal India, and SBI, indicating a notable shift in their investment strategy.
Magellanic Cloud has made a significant move by acquiring a 60% stake in Mcray Xtend India, marking their strategic foray into the UAV and defense technology sector. This investment is set to strengthen their presence within the defense technology industry.
Eureka Forbes aspires to double its revenue and triple its earnings before interest, taxes, depreciation, and amortization (EBITDA) by the financial year 2030. To accomplish this goal, they are focusing on an expansion of their health technology sector.
M&M Ltd. conducted a significant block trade on the NSE, worth approximately $25 million, trading around 62,313 shares at roughly $3,069.7 per share.
Reliance Industries is actively pursuing battery storage solutions, engaging in discussions with Chinese automotive battery maker CATL and various international suppliers to secure components essential for energy storage systems.
PI Industries and PTC India experience an 8% and 7% dip in their stock prices respectively, following the release of their Q4 results. On a positive note, BLS International Services reports a 7% increase in its stock price after announcing Q4 earnings.
CLSA keeps a positive outlook for Hindalco in FY27, boosted by the restart of Oswego, cost-saving measures, and debt reduction efforts. Their target price for Hindalco remains at ₹1030, recommending an 'Outperform' rating.
Borosil Scientific reports a significant increase in Q4 net profit, reaching INR 272 million compared to INR 87 million last year, marking a 213% year-on-year surge.
Borosil's Q4 earnings before interest, taxes, depreciation, and amortization (EBITDA) dropped by nearly 19% compared to the same period last year, but the company managed to keep its profits stable.
OnMobile Global saw a significant increase of 34.5% in gaming users, reaching 14.3 million in their latest financial year. Notably, EBITDA surged by an impressive 110.6%, reaching INR 297 million. However, revenue experienced a decrease of 10.2% to INR 5,245 million in the same period.