Apollo Hospitals Q2 Results: PAT rises 26% YoY to Rs 477 crore
Apollo Hospitals Enterprise reported a strong Q2FY26 with a 26% YoY rise in profit after tax to Rs 477 crore, driven by broad-based growth across healthcare, diagnostics, and digital verticals. Consolidated revenue increased 13% to Rs 6,304 crore, supported by steady patient volumes and margin improvements.
US stocks trade lower as investors assess corporate earnings, mixed economic data
Wall Street’s main indexes opened lower on Thursday, as investors digested a slate of corporate earnings, while concerns around U.S. tariffs, surging valuations and mixed economic data kept investors on edge.
330% returns in 3 years: Mukul Agrawal-backed multibagger Ajmera Realty declares 1:5 stock split
Ajmera Realty & Infra, backed by ace investor Mukul Agrawal, announced a 1:5 stock split after delivering 336% returns in three years. The multibagger’s Q2 profit fell 14% YoY to Rs 30 crore, while revenue rose 10% amid steady long-term growth.
SP Group unit eyes January-end completion for 2-year mega bond sale: Bankers
India’s Goswami Infratech, a Shapoorji Pallonji Group unit, is set to complete a 250 billion rupee bond issue by end-January to refinance existing debt. The two-year zero-coupon bond will be secured by the group’s stake in Tata Sons. This potential issuance aims to diversify funding sources and secure a lower coupon than its previous bond.
Orkla India shares slip below IPO price after listing. Good entry point for investors?
Orkla India shares listed at Rs 750, about 2.7% above the issue price, before slipping below IPO levels. Analysts say the flat debut offers a good entry point for long-term investors, citing strong brands like MTR and Eastern, steady growth, and rising demand for packaged foods.
What top brokerages are saying on Groww’s Rs 6,632 cr IPO
Groww’s Rs 6,632 crore IPO, which saw 57% subscription on Day 1, has received a wave of positive recommendations from leading brokerages. Most analysts rated the issue as “Subscribe,” citing Groww’s leadership in India’s retail investing market, robust tech stack, and long-term potential despite steep valuations.
M&M set to exit RBL via $78-million block deal
Mahindra & Mahindra is set to exit RBL Bank by selling its entire 3.5% stake. The deal is valued at approximately $78 million. Kotak Securities is managing the transaction. The sale is scheduled for Thursday. This move represents a profitable exit for Mahindra, which had invested in the bank in July 2023.
Weddings, festivals bring joie de vivre to jewellery stocks
Jewellery stocks are experiencing a rally driven by robust festive demand and the upcoming wedding season, despite higher gold and silver prices. Analysts anticipate continued momentum, with strong quarterly results and shifting consumer preferences towards modern designs supporting sales and margins. While near-term outlook remains positive, potential moderation in gains is expected after the recent […]
Bitcoin shaken by long-term holders dumping $45 billion
Bitcoin’s value has dropped significantly. This decline is not due to forced selling from leverage. Instead, long-term holders are selling their Bitcoin. This is causing a market imbalance. New buyers are not stepping in to absorb the supply. This trend could continue for several months.
Fewer karats brighten up Tanishq, give Titan lustre
Titan Company is poised for continued strong performance throughout the fiscal year, fueled by robust festive and wedding demand. Initiatives like offering lower karat jewelry and strategic international expansion, including the Damas Jewellery acquisition, are driving growth. Analysts are revising estimates upwards, reflecting confidence in Titan’s sustained momentum.