Manappuram Finance reported a ₹203 crore consolidated Q4 loss due to severe stress at Asirvad Micro Finance. Standalone profit dipped slightly, while a ₹500 crore equity infusion was announced to support the troubled subsidiary.
Motilal Oswal has initiated coverage on Adani Enterprises with a Buy rating and a target price of Rs 3,880, implying 25% upside from the prevailing
Power capex stocks such as Hitachi Energy India, GE Vernova, TD Power and CG Power witnessed an uptick on Thursday, tracking Nvidia’s strong data-centre growth
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