Multibagger defence PSU BEL surges over 9% after Q4 results, earns upgrade from Motilal
BEL shares hit a record high, up 9% after a 30% profit increase and dividend declaration. Brokerages are optimistic about BEL’s growth potential, with target prices set by Nomura & Motilal Oswal, citing improved margins & government support for the defence sector.
Hot Stocks: Brokerage view on Phoenix Mills, Anupam Rasayan; CLSA downgrades Delhivery
Brokerage firm CLSA downgraded Delhivery to underperform, Jefferies has a hold rating on Zydus Life and an underperform rating on Anupam Rasayan. Citigroup recommended a buy on Phonix Mills.
Full impact of capacity expansion will start coming in from FY26: JSW Steel MD
Jayant Acharya of JSW Steel discusses the company’s capacity expansion plans, stable pricing trends, inorganic growth opportunities, and overseas operations performance, emphasizing the focus on value-added products for business stability. Acharya says in the last quarter, 62% of sales was from value-added and specials and 61% for the year as a whole. In terms of […]
F&O radar: Use bull call spread to capitalize on potential upmove in TVS Motors
TVS Motors closed near resistance at Rs 2,191, poised for an upmove. Analyst Deven Mehata recommends a bull call spread strategy to capitalize on potential gains with a focus on highest put writing, ATM, and OTM option.
Nasdaq hits record, S&P ticks higher with Nvidia results eyed
The S&P 500 technology index led gains among the 11 major S&P sectors, rising 1.32%, helped by chipmakers such as Nvidia, which advanced 2.49% ahead of its quarterly results on Wednesday.
Kaynes’ strength in mainstays to keep its stock at a premium
Mysuru-based Kaynes Technology’s revenue grew by 75% year-on-year to ₹637 crore in the March quarter which helped the full-year revenue to grow by 60% to ₹1,804 crore.
Global bond play: With depth will come volatility, too
Vikas Jain, head of India trading, fixed-income, currencies and commodities at Bank of America, said as foreign investment in Indian bonds heads toward the 10% weight on the JP Morgan bond index next year, the process of discretionary weighting changes would start to play out, creating a more complex trading environment.
Oil India sees 13% rise in March quarter profit on high prices
Oil India reported a 13% profit increase to ₹2,029 crore in Q4 2023-24 fueled by high oil prices. Revenue from operations rose 2% to ₹5,757 crore. Dividend and interest income doubled to ₹785 crore from ₹388 crore.
Speedier Wall Street trades putting global finance on edge
Spurred on by the original meme-stock frenzy, the Securities and Exchange Commission is pushing the shift to reduce the chance of something going wrong between when a trade is executed and when it’s settled. But the switch to what’s known as T+1 comes with risks of its own.
IFSC regulator looking to allow NBFCs operate as risk aggregators
The International Financial Services Centres Authority is exploring the option of non-bank financial players acting as risk aggregators for small customers in GIFT City to facilitate FX transactions and manage interest rate risk exposures.