PNB shares jump 4% after Q4 results but Jefferies, Motilal, other brokerages are cutting target prices; here’s why
Punjab National Bank shares saw a significant jump on Wednesday. The lender reported a 14% rise in net profit for the fourth quarter of FY26. This positive result led brokerages to maintain their ‘Buy’ ratings. However, some target prices were revised by the brokerages. The bank also announced a dividend of Rs 3 per equity […]
Will Meesho’s 60% comeback rally cool, or can March Qtr be a new launchpad?
Meesho shares remain in focus ahead of Q4 results after a sharp 60% rebound from March lows. While brokerages expect strong NMV growth, concerns around valuations and overbought technical indicators persist. Analysts see near-term volatility, with profitability still a few years away despite improving operational metrics and strong user growth.
SRF shares jump 5% as Q4 profit rises 11%; Rs 2,300 crore Odisha capex announced
SRF shares climbed over 5% after the company reported a strong Q4 FY26 with net profit up 11% to Rs 582 crore, driven by steady revenue and operating gains. The company also announced a significant Rs 2,300 crore investment in a new plant in Odisha, signaling continued expansion and optimism for future growth.
Hero MotoCorp shares gain 2% after Q4 results. Why Goldman Sachs still forecasts 16% downside?
Hero MotoCorp shares edged higher on Wednesday after the company reported record Q4 FY26 revenue and profit. However, Goldman Sachs still expects a 16% downside, flagging risks from commodity inflation, supply-chain stability and FY27 market-share trends, even as strong volumes, premium launches and the electric mobility segment drive momentum.
L&T shares slide 4% after Q4 profit dip. Why Jefferies, Goldman Sachs are still bullish
Larsen and Toubro shares fell after the company reported a 3% YoY decline in Q4 net profit to Rs 5,326 crore. Despite the profit dip, revenue rose 11% to Rs 82,762 crore, with international business contributing over half. EBITDA grew 5%, indicating stable operational performance driven by core engineering and services segments.
Vodafone Idea shares jump over 3% after KM Birla returns as non-executive chairman
Vodafone Idea shares rose as Kumar Mangalam Birla returned as non-executive chairman, succeeding Ravinder Takkar. This move comes as the company navigates significant financial challenges, including government equity stakes and revised AGR dues. The company has seen its AGR dues reduced and a moratorium on payments, providing some financial relief.
Dollar eases as US-Iran deal hopes grow, yen drifts
The US dollar weakened against major currencies on Wednesday. This happened after the United States indicated it is close to an agreement with Iran. Meanwhile, the Japanese yen continued to fall. US oil futures also dropped following these remarks. Markets are now awaiting US non-farm payrolls data. This will help determine the Federal Reserve’s next […]
Gold jumps on weaker dollar, Middle East peace hopes
Gold prices surged over 1% as a weaker dollar and easing oil prices reduced inflation concerns, fueled by hopes of a U.S.-Iran peace deal. President Trump’s decision to pause a Strait of Hormuz operation contributed to the dollar’s decline and eased geopolitical tensions, impacting various precious metals.
Oil Price Today (May 6): Crude oil falls below $110, down 6% in just two sessions. What’s behind the dip?
Oil prices dipped for a second day as U.S. President Trump hinted at a potential peace agreement with Iran, leading to hopes of restored Middle East supply routes. Trump announced a temporary pause on escorting ships through the Strait of Hormuz, a key oil transit point.
M&M profit surges 42%, but auto margins remain flat
Mahindra & Mahindra reported a strong 42% jump in net profit for the fiscal fourth quarter. Growth was seen across its automotive, farm equipment, and services sectors. Revenue also climbed significantly. Despite challenges like supply chain disruptions, the company’s diversified portfolio helped achieve this breakthrough performance. The company’s EV arm leads the eSUV market by […]