Defence PSU GRSE FY25 profit surges 48% to Rs 527 crore

Defence PSU Garden Reach Shipbuilders and Engineers (GRSE) Ltd has recorded a profit after tax (PAT) of Rs 527 crore in 2024-25, registering a growth of 48 per cent over Rs 357 crore of net profit in the previous fiscal, an official said on Tuesday. The company posted a 39 per cent growth in total […]

Virtual Galaxy Infotech IPO booked 23 times on Day 3; GMP indicates 53% listing premium

Virtual Galaxy Infotech’s IPO witnessed strong investor interest, subscribing nearly 23 times with a healthy grey market premium of around Rs 75. The IPO aims to raise Rs 93.29 crore for capital expenditure and business development. The company, founded in 1997, has shown strong financial growth, with revenue increasing to Rs 63 crore in FY24.

Expect a big move in metals; stick to quality largecaps: Gautam Shah

Gautam Shah of Goldilocks Premium Research suggests gold may consolidate after reaching a short-term peak. He anticipates a significant rally in metals, forecasting the metals index to hit 10,500. Jindal Group stocks are particularly attractive, with potential gains of 15% to 30%. Investors should focus on quality large-caps amid global volatility. Silver is also expected […]

Foreign investors continue to show confidence in India despite global uncertainty: Pratik Gupta

Kotak Institutional Equities reports a weak earnings environment. Management commentary remains neutral. Nifty earnings growth is expected to be around 10%. Optimism exists regarding tariffs and geopolitics. Concerns persist about a global slowdown. Investors are closely watching RBI’s liquidity support and interest rates. A good monsoon is anticipated to boost consumption. Regulatory changes are expected […]