US stocks today: US market ends higher, S&P 500, Nasdaq notch biggest monthly gains in years
U.S. stocks surged on Thursday, with the S&P 500 and Nasdaq achieving their largest monthly gains in years. Strong corporate earnings, particularly from tech giants like Alphabet, helped offset concerns over oil supply shocks and geopolitical tensions. Economic data indicated continued healthy U.S. growth, bolstering investor confidence and pushing major indexes higher.
Laurus Labs Q4 Results: Cons PAT increased 19% to Rs 279 crore, revenue rises 5%
Laurus Labs reported a 19% year-on-year jump in net profit to Rs 279 crore for the March quarter, with revenue rising 5% to Rs 1,812 crore. Full-year net profit surged 148% to Rs 889 crore, driven by strong growth in its CDMO and Generics divisions. The company also announced an interim dividend of Rs 1.20 […]
Mazagon Dock Q4 Results: Profit jumps 42% to Rs 464 crore; co declares Rs 4.62 dividend
Mazagon Dock Shipbuilders announced impressive March quarter results. Net profit surged by nearly 42 percent year-on-year. This growth was driven by increased execution in shipbuilding and submarine projects. Revenue from operations also saw a healthy 16 percent rise. The company’s board recommended a final dividend of Rs 4.62 per share for the financial year ended […]
Sebi introduces fast-track route for AIF launches to boost capital deployment
Sebi has introduced a fast-track mechanism for Alternative Investment Funds (AIFs), allowing non-LVF schemes to launch in just 30 days after application. This streamlines fund launches and accelerates capital deployment. Earlier, Sebi also simplified the accredited investor framework, easing operational bottlenecks for AIFs while maintaining prudential safeguards.
Hindustan Labs, RK Steel get Sebi nod to launch IPOs
Hindustan Laboratories has received Sebi’s observations, a crucial step towards its IPO, which includes a fresh issue and an offer for sale. The company plans to use the proceeds for working capital and general corporate needs. RK Steel Manufacturing also received regulatory approval for its issue.
Value 360 Communications IPO: Rs 41.7 crore issue opens May 4. Check price band, GMP, other details
Value 360 Communications Limited’s IPO opens May 4th, aiming to raise Rs 41.69 crore by May 6th. The public relations firm plans to list on NSE Emerge, using funds for expansion, technology, influencer marketing investment, and potential acquisitions. Proceeds will also cover debt repayment and working capital needs.
Sensex slumps 583 pts, Nifty below 24,000; 7 key triggers
Indian stock markets experienced a significant downturn on Thursday, with Sensex and Nifty both falling over 0.7%. This decline was driven by soaring oil prices, a record low for the rupee, and other factors that negatively impacted investor sentiment.
Syngene zooms 17% despite 19% YoY drop in Q4 profit
Syngene shares surged despite a 19% YoY decline in Q4FY26 net profit to Rs 148 crore, as earnings rebounded sharply from Rs 15 crore in the previous quarter. The results included a Rs 20 crore gratuity credit and a Rs 25 crore exceptional loss from employee termination benefits, alongside management changes.
Meesho shares jump 10% as JP Morgan initiates coverage with Rs 215 target price
Meesho shares surged nearly 10% after JP Morgan initiated coverage with an ‘Overweight’ rating and a Rs 215 price target. The brokerage highlighted Meesho’s potential for significant EBITDA margin expansion and strong net merchandise value growth, driven by advertising monetization and improved logistics. JP Morgan forecasts substantial free cash flow recovery and anticipates market leadership […]
HUL drops over 4% despite Q4 topping Street estimates
Hindustan Unilever shares fell up to 4.4% despite a strong Q4, with net profit rising 21.4% YoY to Rs 2,992 crore. Revenue grew 7.6% to Rs 16,351 crore, while EBITDA rose 3.2% to Rs 3,877 crore, improving margins to 23.7%. Home Care led segmental growth, delivering its best performance in 11 quarters, driven by strong […]