The company said JSW Steel Coated Products Ltd continues as the successful resolution applicant for Colour Roof India Ltd following the Committee of Creditors’ approval. Shares of JSW Steel Ltd ended at ₹1,279.20, down by ₹30.35, or 2.32%, on the…
ValueQuest CIO Ravi Dharamshi says weak benchmark indices are hiding a strong rally in industrial and manufacturing stocks driven by India’s capex and infrastructure cycle.
Netweb Tech counts global technology leaders such as Nvidia, Samsung, AMD and Intel among its key partners, relationships that Crisil said provide access to technology roadmaps well ahead of market launches.
Natco Pharma reported a sharp decline in fourth-quarter revenue and operating profit, while margins contracted significantly year-on-year. The company’s shares fell over 9% following the earnings announcement.
FACT reported a sharp fall in fourth-quarter profit despite strong revenue growth, as operating margins contracted significantly year-on-year, extending pressure on profitability seen in the previous quarter.
Benchmark indices fell nearly 2% each during the session, while the Nifty Bank and Midcap indices declined more than 1%. Market breadth remained weak with the advance-decline ratio at 1:2.
Elara Capital’s latest global liquidity tracker shows the first visible cracks in the broader AI rally that had lifted markets such as Taiwan, South Korea and Brazil over the past year.
Higher operating costs and finance expenses hurt Jyoti CNC’s profitability during the quarter. On a standalone basis, finance costs more than tripled year-on-year to ₹19.4 crore from ₹6.1 crore and employee, and other operating expenses remained elevated.
Claudio Irigoyen, Head of Global Economics Research at BofA Global Research, said concerns over India’s current account deficit may be exaggerated, as the widening gap is being driven mainly by higher investments and machinery imports rather than unsustainable consumption.
Revenue from operations rose 19.5% year-on-year to ₹1,474 crore during the quarter, up from ₹1,234 crore in the corresponding quarter of the previous financial year.