Buyback alert! Welspun Living announces Rs 252-crore share buyback at 30% premium. Check details
Welspun Living announced a Rs 252 crore share buyback through the tender route at a 30% premium to the previous closing price, boosting investor sentiment despite weak Q4FY26 earnings. The company reported declines in profit, revenue and EBITDA during the March quarter, while the stock gained following the buyback announcement.
George Alexander Muthoot sees no demand slowdown, expects strong gold loan momentum to continue
Muthoot Finance’s gold loan growth remains robust, fueled by higher gold prices. The company observes a decline in smaller loans, with larger ones gaining traction. Despite structural shifts, strong demand persists, supported by tight unsecured lending conditions. Muthoot Finance anticipates sustained growth, leveraging its extensive branch network and gold’s appeal as collateral.
“Reallocate, Diversify, Reposition”: Ajay Srivastava flags rising macro risks for investors
Indian markets face rising macro risks from global shocks, currency pressure, and energy prices, impacting domestic consumption and corporate earnings. Ajay Srivastava advises aggressive diversification, favoring legacy and promoter-driven companies, while suggesting caution on Indian IT and highlighting selective opportunities in the export-oriented pharma sector.
HUDCO crashes 8% despite 172% YoY surge in Q4 net profit
HUDCO shares plunged over 8% despite the company reporting a sharp rise in Q4FY26 net profit, driven mainly by a deferred tax gain. While revenue and interest income improved strongly, profit before tax declined and expenses rose sharply, raising concerns over the sustainability and quality of earnings growth.
Why mutual funds are betting billions on Adani’s energy trio
Indian mutual funds are significantly increasing their stakes in Adani Power, Adani Green Energy, and Adani Energy Solutions. This strategic shift indicates a strong conviction in India’s electrification drive. These companies are seen as key players in meeting the nation’s growing demand for electricity driven by data centers, electric vehicles, and manufacturing.
Adani Enterprises, other Adani Group stocks jump up to 3%
Adani Group stocks saw a significant jump on Friday. Reports suggest US authorities may resolve fraud allegations against Gautam Adani. A settlement with the SEC for $18 million is also proposed. This development could lead to the dropping of criminal charges. The Adani Group is reportedly considering substantial US investments. This offers a major relief […]
Paytm, Urban Company among 10 firms with the highest FII shareholding in Q4
Foreign investors are showing interest in select Indian companies. Despite a significant outflow from Indian equities, some firms have attracted substantial FII investment. Le Travenues Technology leads with the highest FII stake. Other notable companies include 360 One WAM, Redington, CarTrade Tech, and Agarwal’s Health Care.
Tata Motors CV shares jump 3% but brokerages are cautious
Tata Motors CV shares jumped 3% on Friday, recovering from previous losses despite Q4 earnings that failed to impress markets. The company reported a 70% YoY increase in standalone net profit to Rs 2,406 crore. Brokerages remain cautious, with Nomura downgrading to ‘Neutral’ due to global risks and IVECO concerns.
Nazara Technologies shares soar 18% amid reports of Nikhil Kamath upping stake in block deal
Nazara Technologies shares surged 18% following a significant block deal involving nearly 4.9% of the company’s equity. Nikhil Kamath and Axana Estates are reportedly buyers, with founder Nitish Mittersain as the likely seller. The company reported a Q4FY26 revenue of Rs 398 crore, a 23% decrease year-on-year, but saw net profit jump over 13-fold to […]
Yogesh Patil decodes why petrol, diesel prices may rise further
India’s oil marketing companies received a modest Rs 3 per litre fuel price hike, which analysts say is insufficient to cover daily losses. While this offers some relief, a further Rs 11 per litre increase is needed to eliminate under-recoveries, as the government balances inflation concerns with retailer financial health.