Page 24 - Markets News

Central Bank of India shares fall 6% as OFS opens; check floor price

Central Bank of India OFS price: The government is offloading an 8 per cent stake in Central Bank of India through an OFS, starting Friday. The government aims to raise ₹2,456 crore.

ITC Q4 fails to cheer Street; analysts cautious on cigarette volume growth

ITC dividend 2026 announcement in Q4 result: ITC has recommended a final dividend of ₹8 per share and fixed May 27 as the record date. The dividend will be paid in July (ITC dividend payment date).

GNG Electronics shares rise 5% in trade; Motilal Oswal initiates 'Buy'

At 10:02 AM, GNG Electronics' share price rose 2.39 per cent at ₹453.5 per share. In comparison, BSE Sensex was up 0.62 per cent at 75,645.74

Why pharma stocks are emerging as safe bet amid global market turmoil

The pharma sector is seen as a safe bet because demand remains steady even during inflation or economic slowdowns. Besides, companies earn revenue from multiple global markets, which helps reduce risk

Parle Industries extends rally after viral 'Melody' video; but there's a catch

Parle Industries came into limelight on Wednesday after Italian Premier Giorgia Meloni shared a video of Prime Minister Narendra Modi gifting her a packet of Melody toffees.

Warning signs from India's bond market and why they're miffed

Since the start of the West Asia crisis, 10Y sovereign yields have risen by more than 50 bps across several advanced and emerging markets, including Japan, UK, US, Canada, Italy, Spain and South Korea

JSW Cement shares zoom 9% on strong Q4 show; revenue up 11 YoY

In the March quarter (Q4FY26), JSW Cement reported a net profit of ₹371.33 crore, as compared to ₹95 crore a year ago, jumping 985 per cent

Inflation-fisc trade-off is likely to keep bond yields high for now

The upswing in the yield curve largely reflects worsening expectations around fiscal and inflation outcomes, an unfortunate fallout of the West Asia crisis for India's macros.

Samvardhana Motherson gains 5% to 52-wk high on Q4; ICICI Sec raises target

Samvardhana Motherson share price today: For the January to March quarter of FY2026, the company reported a 46 per cent Y-o-Y rise in consolidated net profit to ₹1,561.56 crore.

Bond yields, oil shock rattle markets; can India withstand macro headwinds?

Despite the strong macro headwinds, the stock market has been reasonably stable, supported mainly by domestic investment. Since the market valuations are fair now, a sharp correction appears unlikely.

Lenskart shares surge 7% on Q4 beat; Emkay maintains 'Buy' for 28% upside

Post Q4 results, Emkay Global Financial Services has maintained 'Buy' rating on Lenskart Solutions and revised its target price by 4 per cent from ₹600 to ₹625.

Gold steady at $4,480/oz as high Treasury yields offset Iran peace hopes

Spot gold was unchanged at $4,480.29 per ounce, as of 0915 GMT, after ‌earlier falling to its lowest level since March 30

ITC Hotels: ICICI Direct keeps 'Buy' on valuation comfort, sees 45% upside

ITC Hotels share price target: ICICI Direct Research has maintained its 'Buy' rating on ITC Hotels stock after Q4 results and revised target price to ₹220, citing attractive valuations.

Karnataka Bank shares rally 10% after Q4; ₹5 per share dividend announced

For the January to March quarter of FY26 (Q4FY26), Karnataka Bank's net profit stood at ₹408.19 crore as against a profit of ₹290.79 crore earned in Q3Y26, registering a growth of 40 per cent Q-o-Q.

BLS International shares rally 9% after Q4 results; dividend declared

For the January to March quarter of FY2026 (Q4FY26), BLS International Services has reported 28.7 per cent Y-o-Y rise in its consolidated net profit to ₹186.9 crore.

Godawari Power zooms 10%, hits all-time high on posting strong Q4 results

In the March quarter (Q4FY26), Godawari Power reported a net profit of ₹280 crore, as compared to ₹222 crore a year ago, up 26 per cent

BEL share price falls 3% after Q4 margins contract despite strong topline

BEL share price today, dividend 2026: Along with Q4 results, the board of BEL also recommended a final dividend of 55 per cent or Re 0.55 per share of Re 1 face value for FY2026.

Ashish Kacholia-backed Fineotex Chemical shares rally 13% on strong Q4

For the January to March quarter of FY2026, Fineotex Chemical reported a 118 per cent Y-o-Y rise in its consolidated PAT to ₹43.79 crore. Its revenue grew by 162 per cent Y-o-Y to ₹313.73 crore.

KPI Green Energy gains 5% after securing 120 MW BESS order from GUVNL

The stock advanced after KPI Green's subsidiary Sun Drops Energia executed a Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam Limited (GUVNL)

IDBI Bank shares gain 4% as govt weighs options to revive privatisation

IDBI Bank share price, privatisation: Today's buying momentum was driven by reports suggesting that the government is evaluating ways to revive investor interest in IDBI Bank.