Canara Bank Q4 Results: PAT drops 10% YoY to Rs 4,506 crore; NII up 4%
Canara Bank reported a 10% YoY decline in Q4FY26 consolidated net profit to Rs 4,506 crore, while net interest income rose 4% to Rs 9,808 crore. Profit also fell 13% sequentially from the previous quarter. Following the earnings announcement, shares of the PSU lender plunged 7% to hit an intraday low of Rs 130.50 on […]
Vodafone Idea shares jump 8% to 4-month high. What’s driving the rally amid stock market crash?
Vodafone Idea shares surged over 8% to a four-month high after reports suggested parent Vodafone Group may transfer part of its stake to the telecom operator. The move could strengthen Vodafone Idea’s balance sheet, support fundraising efforts and improve its ability to manage government dues and future investments.
Largecaps seen as safe harbour amid market volatility: Sanjay Mookim
Prime Minister Modi’s calls for energy conservation highlight India’s external vulnerability and fiscal strain due to elevated oil prices. JPMorgan’s Sanjay Mookim notes this disruption’s prolonged nature, impacting corporate earnings and potentially dampening consumption and capex momentum, shifting market focus to defensives.
Nifty Bank crashes 900 points as SBI, IndusInd, Yes Bank, other lender stocks tumble up to 4%. What lies ahead?
The Nifty Bank index plunged nearly 900 points, driven by weak earnings from State Bank of India and broader market sentiment. SBI shares led the decline, while other major banks also saw significant drops. Analysts anticipate continued consolidation in the index, with key support and resistance levels identified.
Bank of Baroda shares gain over 2% after Q4 results. Should you buy, sell or hold?
Bank of Baroda shares rose after the state-run lender reported an 11.2% year-on-year rise in Q4 consolidated net profit to Rs 5,616 crore, driven by a 9% growth in net interest income. However, the bank’s non-interest income declined 16% during the quarter.
MCX shares jump 4% despite overall market weakness. Here’s why
Multi-Commodity Exchange of India shares surged after the company reported a sharp rise in Q4FY26 earnings. Net profit jumped 291% year-on-year, while revenue more than tripled amid higher participation and strong growth across commodity segments. The exchange also announced a final dividend of Rs 8 per share.
Hyundai shares jump 5% despite 22% YoY fall in Q4 net profit to Rs 1,256 crore
Hyundai Motor India shares surged nearly 5% despite a 22% drop in Q4 FY26 net profit, as brokerages maintained ‘Buy’ ratings. The automaker’s revenue grew over 5% in the quarter, and its board recommended a Rs 21 per share dividend. Analysts remain optimistic about future growth driven by new model launches and strong exports.
AI-fuelled rally keeping global markets resilient despite oil shock, says Ed Yardeni
Global equity markets are defying geopolitical risks and high oil prices, with investors betting on economic resilience fueled by AI-driven earnings growth. South Korea and Taiwan are leading a surge in tech and semiconductor stocks, while the US market also sees broad gains. India, however, faces headwinds from its reliance on imported oil.
SBI shares plunge 10% in two days after Q4. Do Morgan Stanley, Citi & Bernstein see a rebound soon?
SBI shares fell over 3% on Monday and are down 10% in two sessions despite the lender reporting a 6% YoY rise in Q4 standalone net profit to Rs 19,684 crore. Net interest income rose 4%, while provisions declined sharply. However, softer net interest margins weighed on investor sentiment following the March-quarter earnings announcement.
Tata Consumer shares soar 7% after better-than-expected Q4 earnings. Here’s what Morgan Stanley & other top brokerages say
Tata Consumer Products shares rose sharply on Monday after strong Q4 earnings beat estimates. Consolidated net profit rose 21% YoY, supported by robust India-branded business performance. Brokerages including Morgan Stanley, Motilal Oswal and Elara Capital remain positive, projecting healthy growth, margin expansion and further upside for the FMCG major.