Corporate earnings logged a 3rd straight quarter of double-digit growth, underpinned by strong performances from OMCs, Metals, Telecom, Technology, Cement, NBFCs - Lending, and Capital Goods.
Earnings for the 151 MOFSL Universe companies rose 14 per cent year-on-year (Y-o-Y), above the brokerage's 9 per cent estimate.
Mastek shares rose 9 per cent it reported a 29 per cent jump in its net profit for the first quarter of the current financial year (Q1FY26)
Benefiting from surging demand for advanced chips used in artificial intelligence applications, Taiwan Semiconductor Manufacturing Co said net profit for April-June climbed to $13.53 billion
State-owned Bank of Maharashtra (BoM) on Tuesday reported 23 per cent increase in net profit to Rs 1,593 crore during the first quarter, helped by decline in bad loans and improvement in interest income. The Pune-based lender had posted a net profit of Rs 1,293 crore in the April-June period of the previous year. Total income in the quarter under review rose to Rs 7,879 crore from Rs 6,769 crore in the same period a year ago, BoM said in a regulatory filing. Interest earned by the bank grew to Rs 7,054 crore as compared to Rs 5,875 crore in June quarter FY25. The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 1.74 per cent of gross advances at the end of June quarter FY26 from 1.85 per cent a year ago. Similarly, net NPAs or bad loans declined to 0.18 per cent as against 0.20 per cent in the year-ago period. Capital adequacy ratio of the bank rose to 20.06 per cent from 17.04 per cent in the same quarter of FY25.
Anand Rathi Share and Stock Brokers recommend a 'Buy' rating on Gabriel India with a target price of ₹1,400
Kalyan Jewellers on Monday reported a 31 per cent year-on-year increase in consolidated revenue for the first quarter of the fiscal 2025-26, despite multiple pauses in demand, majorly due to volatility in gold prices and geopolitical tensions. The company had reported a consolidated net revenue of Rs 5,557.63 crore in the first quarter (April-June) of the 2024-25 fiscal. India operations saw 31 per cent revenue growth during Q1 of the fiscal 2025-26 compared to Q1 of the previous year, the company said in a regulatory filing. The revenue from global operations was up 31 per cent and contributed 15 per cent to the consolidated revenue in Q1. The revenue from Middle East operations was up 26 per cent driven predominantly by same-store-sales growth, while the digital platform Candere recorded 67 revenue growth during Q1 of FY26. During Q1, the company opened 10 Kalyan showrooms and eight Candere showrooms in India and one Kalyan showroom in the US. The company has drawn up plans to
Earnings expectations 2025: According to analysts, the second half of calendar year 2025 (H2 CY25) could see an improved earnings environment, supported by lower credit costs and easing inflation
Of the 270 companies analysed, largecaps saw a 6 per cent Y-o-Y earnings rise, midcaps gained 2 per cent, while smallcaps slumped 16 per cent.
While acknowledging that valuations appear stretched, Standard Chartered noted that Nifty's 12-month forward P/E ratio of 20.6x is above its long-term average of 18.2x but still below recent peaks.
Stocks to Watch on Monday: Vodafone Idea, Nykaa, Apollo Hospitals, AstraZeneca Pharma, IndiGo, Adani Energy Solutions, M&M and Puravankara are among the stocks to watch today, June 2, 2025
The market is factoring in approximately 14 per cent earnings growth for the Nifty50 for FY26, according to Equentis Wealth Advisory Services
Stocks to Watch today: SAIL, IRCTC, IndusInd Bank, Tata Chemicals, LTIMindtree, Reliance Power and HG Infra Engineering are among the stocks to watch today, May 29, 2025
Stock market highlights on Wednesday, May 28, 2025: the Nifty Midcap100 ended lower by marginally 0.02 per cent, while the Nifty Smallcap100, on the other hand, ended with a gain of 0.33 per cent
JK Cement stock rose as much as 10.5 per cent during the day to hit a life high after reporting a 64 per cent jump in its net profit
Transrail Lighting's stock rose as much as 10.7 per cent after it reported a 27 per cent jump in net profit in Q4FY25
MTAR Tech's stock rose as much as 4.83 per cent after it reported a multifold increase in its Q4 net profit
With most of the events taking a back seat, the markets have been trading sideways, looking for a direction; Here's what Emkay recommend
Shares of Container Corporation of India (Concor) fell over 4 per cent on Friday after it reported a marginal decline in its net profit
ITC's stock rose as much as 1.98 per cent after it reported a multifold increase in its profit for the fourth quarter