Lloyds Metals shares surge over 10%, most in three years, as margins expand in a strong Q3

Four major factors aided Lloyds Metals’ operating performance during the quarter, which also led to its margin expansion from the same quarter last year.

Four major factors aided Lloyds Metals’ operating performance during the quarter, which also led to its margin expansion from the same quarter last year.

According to Emcure Pharma, profit growth was driven by strong traction across key therapies in India and sustained momentum in overseas markets.

Several companies, including NHPC, REC, JSW Steel, Prestige Estates and banks, are planning debt issuances through bonds and NCDs. The pipeline shows continued funding activity across sectors.

Seasonality benefits also reflected in the results for Emami as Winter accounts for 60% of the company’s sales.

RITES reported modest profit growth in Q3, while EBITDA rose sharply and margin expanded. The PSU also declared its third interim dividend, with shares trading higher post results.

Eureka Forbes’ exceptional loss of ₹40.44 crore was attributed to the estimated incremental impact on retiral benefits arising from the new labour codes, including provisions for gratuity and compensated leave liabilities.

A sharp global tech selloff has rattled Indian IT stocks, but DSP Mutual Fund is not rushing for the exit. The $25 billion fund says AI fears need deeper earnings analysis, as integration work could still drive the next spending…

Bajaj Finserv’s Q3 net profit was stable at ₹2,230 crore, while total revenue surged 24% to ₹39,708.6 crore, driven by strong lending and insurance segment growth.

Venugopal Garre, Managing Director and India Head of Research at Bernstein, retained the neutral stance on Indian equities. He sees the India-US trade deal as a sentiment positive, but believes the Union Budget is unlikely to change the near-term growth…

And, the bigger questions: What drove the optimism and how long is it likely to last?