RR Kabel shares jump 10% as Q1 PAT surges 129% YoY, Ebitda doubles
RR Kabel reported a strong June-quarter performance, with profit after tax surging 129% year-on-year and Ebitda nearly doubling, driven by robust growth in its Wires & Cables business and improving profitability. The company also achieved operational breakeven in its FMEG segment, while management expressed confidence in sustaining growth through product expansion, distribution strengthening and execution […]
Tata Power shares get Equal Weight rating from Morgan Stanley with target price of Rs 399
Tata Power shares traded lower despite Wall Street brokerage Morgan Stanley retaining its “Equal Weight” rating and Rs 399 target price following the company’s Q1 FY27 results. The company reported double-digit profit growth, record quarterly capital expenditure and strong performance across its renewable energy, transmission and distribution businesses.
HUL shares slide 5% after weaker-than-expected Q1; PAT dips 3% to Rs 2,673 crore on one-time credit
Hindustan Unilever (HUL) reported a 3% year-on-year decline in June-quarter net profit, missing analyst estimates, as the absence of a one-off tax credit from the year-ago period weighed on earnings. Despite the profit decline, the FMCG major posted double-digit revenue growth, driven by broad-based volume and pricing gains, and maintained its margin outlook for FY27.
Godfrey Phillips shares fall 6% as Q1 net profit declines over 44% amid tax-led price increase
Godfrey Phillips reported a 44.3% year-on-year decline in June-quarter net profit as higher excise duty weighed on earnings, even as gross revenue and total income more than doubled. The cigarette maker said domestic cigarette volumes remained resilient despite a tax-led price increase, while highlighting concerns over the rise in illicit trade.
South Korea’s Kospi tanks 8% despite US-Iran war optimism. Here are 4 reasons why
The benchmark Kospi plunged 551 points, or 8.1%, to 6,2505. The steep decline triggered “sidecar” trading curbs on both the Kospi and the junior Kosdaq index, temporarily halting programme trading.
South Korea’s KOSPI drops 7% as global chipmaker selloff deepens
South Korean stocks experienced a significant decline on Tuesday. This downturn was driven by a global selloff in chipmakers and rising competition from China. SK Hynix shares dropped sharply, impacting the broader market significantly. Samsung Electronics also saw a considerable decrease in its stock value. Concerns over China’s growing capacity and technological advancements further dampened […]
Oil prices fall 1% as investors weigh pause in US strikes on Iran
Oil prices dropped as market participants assessed a pause in US strikes on Iran. Hopes for a diplomatic solution eased concerns about Middle East energy flows. President Trump indicated positive talks with Iran, but warned of resuming strikes if negotiations fail. Analysts noted reduced traffic through key shipping straits and demand destruction in Asia. US […]
Foreign capital inflows hit $32 billion as FCNR(B) deposits break 2013 record
India has attracted nearly $32 billion in foreign capital since the RBI announced special inflow measures on June 5, Governor Sanjay Malhotra said. FCNR(B) deposits have already exceeded the 2013 record, but strong dollar demand linked to costly oil imports and weak exporter hedging continues to keep the rupee near record lows.
Global Market Today: Asian stocks fall on AI jitters, oil extends drop
Asian equities dropped as artificial intelligence spending concerns fueled chipmaker selloffs. Crude oil extended its decline, with Brent slumping significantly on Monday. Investors await policy decisions from the Fed, Bank of Japan, and Bank of England. Earnings from megacap technology companies are also a key focus this week. Geopolitical developments and oil prices remain significant […]
Broker earnings stay under pressure in Q1 as derivatives trading slows
Most listed brokers saw earnings pressure in the June quarter. Trading activity in equity derivatives slowed, and gold and silver rallies reversed. Motilal Oswal Financial Services revenue surged eighty-eight percent during this period. Angel One and Anand Rathi Share & Stock Brokers reported profit declines. Investor participation remained healthy, but trading volumes were volatile.