Page 6 - The Smart Investor News

IDBI Bank tanks 6% after deal with Fairfax finalised; what's ailing stock?

The IDBI Bank stake sale announcement, which came after market hours on Wednesday, marks the biggest foreign investment in India's financial services sector.

Why are Canara Bank shares down 7% in trade today after Q2 results?

JM Financial has upgraded Canara Bank to 'Buy' from 'Add' on cheap valuations and improving fundamentals. It has also raised the target price to ₹150 from ₹142.

Leela Palaces Hotels rallies 10%, hits new high on healthy Q2 results

Leela Palaces Hotels' Q2 growth was driven by 30% RevPAR growth, entirely ARR-led, supported by favorable domestic travel tailwinds & strong MICE demand, said analysts at Jefferies.

HDB Financial shares fall 4% after Q2 results as brokerages cut targets

HDB Financial Services reported a 34.2 per cent surge in profit after tax to ₹780 crore in the September quarter of FY27.

BHEL gains 5%, hits new high post Q2 results; stock up 100% in one year

Thus far in the calendar year 2026, BHEL stock outperformed the market by soaring 61% compared to a 14.6% decline in the BSE Sensex.

IDBI Bank share price zooms 13% to five-week high on heavy volumes

IDBI Bank has informed that a meeting of the board will be held on October 17 (Saturday) to consider and approve the financial results for the quarter and half-year ended September 30, 2026.

Sun Pharma down 2%, stock hits over 5-month low

Thus far in the calendar year 2026, Sun Pharma outperformed the market and remained flat, as compared to a 14.7% decline in the BSE Sensex.

Textile stocks Gokaldas, Indo Count, PDS, Filatex soar up to 6%; here's why

Indian textile players continue to see a broadly improving demand environment, with export markets showing healthy order momentum and retailers increasingly shifting sourcing towards India.

PNC Infratech jumps 7% after Delhi HC temporarily stays 3-year bidding ban

Delhi High Court temporarily stayed a three-year bidding ban imposed by NHAI on PNC Infratech, driving the stock higher by 7 per cent.

Mukul Agrawal portfolio stock: West Coast Paper up 10%; adds 133% in 7 mths

West Coast Paper Mills: The stock price of the paper & paper products company quoted higher for the fourth straight trading day, soaring 27 per cent during the period.

Bank of Baroda down 3%, top loser among PSU Banks; why is stock falling?

Bank of Baroda's share price dipped 3% in Wednesday's trade following reports that NMC Healthcare group filed a lawsuit seeking $15 billion in damages. BoB said it has not received any Court notice

Bharat Coking Coal share price zooms over 7% after raw material price hike

The company approved an increase of approximately 0.1 per cent to 14 per cent in the basic prices of select grades of raw coking coal for the non-regulated sector.

Hero Motors jumps 8% after Q1 profit doubles; stock up 100% from IPO level

For the April-June quarter, Hero Motors has reported a consolidated profit of ₹10.20 crore, up 116 per cent on a Y-o-Y basis.

Urban Company jumps 3% on fundraising plans; JM Fin calls the step prudent

Urban Company share price: JM Financial said that this is a "step in the right direction" amidst high competitive pressures in the instant house-help segment.

Transformers and Rectifiers soars 14% on strong Q2; stock up 28% in October

Transformers and Rectifiers (TRIL)'s order book provides comfortable revenue visibility, while the Changodar expansion positions it to service a larger opportunity pipeline, says ICICI Securities.

Tata Elxsi shares gain over 7% after Q2 results; brokerages remain split

Tata Elxsi reported a 10 per cent year-on-year rise in net profit for the September quarter. The company's net profit for the quarter ended September stood at ₹170 crore.

Shriram Finance rallies 7%; what's driving NBFC stock price?

Shriram Finance stock corrected 10% over the past month amid a combination of factors, including renewed escalation in the West Asia conflict, a sharp rebound in crude prices and elevated bond yields.

Cable & Wire stocks: Polycab, KEI, R R Kabel, Quadrant Future slip up to 5%

As of Tuesday, Polycab, KEI Industries, R R Kabel and Quadrant Future Tek were down up to 24% from their respective 52-week highs touched in September.

Maruti Suzuki tanks 33% in calendar year 2026; stock hits 18-month low

Maruti Suzuki: The stock traded at its lowest point since April 2025 amid worries that profitability could take a hit owing to high commodity prices in the near term.

F&O alert: Polycab to exit NSE's Futures & Options segment; stock dips 5%

The NSE's decision to exclude Polycab India from the F&O segment follows its admission to the Insolvency and Bankruptcy Code (IBC) framework by the National Company Law Tribunal (NCLT).