Novelis Q1 Results: Net income slumps 36% to $96 million, sales sees 13% growth
Novelis Inc, the wholly-owned subsidiary of Hindalco Industries, has reported a 36% year-on-year fall in its net income for the June quarter at $96 million. Excluding special items, the bottomline was 43% lower compared to the previous year at $116 million.
Gold plunges Rs 1,000 amid sell-off in global markets
Gold prices plunged Rs 1,000 to Rs 1,01,520 per 10 grams in the national capital on Tuesday in line with a sell-off in global markets, according to the All India Sarafa Association.
Apollo Hospitals Q1 Results: Cons PAT surges 42% YoY to Rs 433 crore, revenue rises 15%
Apollo Hospitals reported a 42% YoY rise in consolidated PAT to ₹433 crore in Q1FY26, driven by 15% revenue growth across healthcare, diagnostics, and digital pharmacy segments. Sequential profit rose 11%, with board approving stake acquisition in AGPCL.
Mid-scale segment becoming more and more important for IHCL and Ginger leading the charge: Puneet Chhatwal
Indian Hotels Company Limited is prioritizing the midscale segment, led by Ginger, aiming for over 250 hotels. IHCL plans significant capital expenditure in the coming years. Qmin’s success complements Ginger, while Amã Stays shows growth. Acquisition strategies focus on scaling up and rebranding opportunities. The hospitality sector is expected to grow, with demand outpacing supply.
HAL Q1 results: Cons PAT slips 4% YoY to Rs 1,383 crore, revenue surges 11%
Hindustan Aeronautics Ltd reported a 3.7% YoY decline in consolidated Q1FY26 net profit to Rs 1,383.77 crore, despite an 10.8% surge in revenue to Rs 4,819.01 crore. Quarterly profits fell sharply 65.2% sequentially.
MRF Q1 Results: Con PAT slides 12% YoY to Rs 500.5 cr, revenue jumps nearly 7%
MRF’s Q1FY26 net profit fell 13.35% YoY to ₹500.47 crore, while revenue from operations rose 6.65% to ₹7,675.69 crore. Total income grew 7.2% YoY, and profit dipped 2.3% sequentially.
Mark Matthews identifies hospitality sector as a bright spot in India’s growth story
Mark Matthews of Julius Baer shares insights on upcoming US-Russia talks and their potential impact. He believes India’s concerns might not be a priority. Emerging markets, excluding India, look attractive due to undervaluation and currency stability. Matthews favors the banking sector in India, citing economic growth and RBI policies.
Highway Infrastructure shares hit 5% upper circuit after listing; IPO delivers 75% returns in first hour
Highway Infrastructure Ltd shares surged 75% within an hour of debuting on the BSE, hitting the 5% upper circuit. Backed by strong IPO demand, robust financials, and sector tailwinds, brokerages Angel One and Bajaj Broking have given the stock a ‘Subscribe’ for long term.
SJVN shares climb 5% despite Q1 profit slump, boosted by revenue growth
SJVN shares experienced a surge of 5% reaching Rs 97.64. This happened even with a reported drop in net profit for the June quarter. Revenue saw a rise of 5.4% year-on-year, reaching Rs 917.5 crore. Technical indicators suggest a potential stabilization after a dip. The stock traded above several key moving averages. However, it remained […]
EaseMyTrip shares rally 10% amid heavy trade volumes. What technical indicators suggest?
EaseMyTrip shares jumped to ₹9.68 on heavy volumes, rebounding from an intraday low of ₹8.78.