Sebi proposes to bring all bullion trades under vault management rules
India’s market regulator is taking significant steps to enhance the supervision of its digital bullion market by proposing new vault manager regulations for all physical bullion. This initiative, which comes from the Securities and Exchange Board of India, aims to broaden the reach of the Electronic Gold Receipts framework. Stakeholders are encouraged to submit their […]
Shiprocket draws Goldman, HDFC MF, others to Rs 727 cr anchor round ahead of IPO
Shiprocket secured Rs 727.41 crore from anchor investors before its upcoming initial public offering. The e-commerce enablement company aims to raise a total of Rs 1,617.48 crore through its maiden public issue. The IPO includes a fresh issue and an offer for sale, with a price band of Rs 92-97 per share. Proceeds will fund […]
Aarti Pharmalabs shares rally over 33% in two days post Q1 results. What is driving the surge?
Aarti Pharmalabs shares have surged 33% in two days after the company reported a 65.4% year-on-year rise in Q1FY27 profit and 38.7% growth in revenue. The rally was further supported by a Rs 149-crore capex plan to add 405 KL of capacity for its CDMO and intermediate businesses.
Jupiter Wagons shares rise 4% after Rs 211 crore order wins, Rs 400 crore BESS project
Jupiter Wagons marked a notable surge in share prices due to securing significant contracts for freight wagons and energy storage solutions. With orders exceeding Rs 211 crore from the JSW Group and OASPL, alongside two battery energy storage initiatives worth Rs 400 crore, the company aims to bolster its market share in India, targeting a […]
Info Edge shares jump 4% after strong Q1 show. What Nomura, Nuvama and other brokerages expect next
Info Edge shares jumped over 4% after the company reported a strong Q1 FY27 performance, with consolidated net profit rising 43% year-on-year to Rs 490 crore. Recruitment billings grew 17.5%, while operating profit rose 25%. Nomura, Nuvama and Motilal Oswal retained their respective ratings, with Nomura and Nuvama maintaining Buy calls and raising target prices.
Gland Pharma shares rally 12% after Q1FY27 profit jumps 47% YoY. Should you buy, sell or hold?
Gland Pharma shares rose sharply after Q1FY27 profit rose 47% and revenue grew 20% year-on-year. While strong margins and CDMO growth prompted Elara Securities to raise its earnings estimates, the brokerage downgraded the stock to ‘Accumulate’ from ‘Buy’ after its 40% three-month rally, citing limited near-term upside.
Jubilant Pharmova shares decline 6% after Q1 profits falls 45% YoY
Jubilant Pharmova shares fell after Q1 profit plunged 45% YoY to Rs 56 crore, despite revenue rising 17% to Rs 2,229 crore. The profit decline was attributed to weaker operating profitability and higher depreciation, while strong growth across segments, led by CDMO Sterile Injectables, boosted revenue.
PC Jeweller share price jumps 6% as Q1FY27 profit surges 37% YoY, revenue up 21%
PC Jeweller shares rose sharply after Q1FY27 profit jumped 37% year-on-year and revenue grew 21%. The jewellery retailer also reported a sharp improvement in operating profitability, continued progress on debt repayment and increased FII holding. With plans to become debt-free and raise up to Rs 1,000 crore via QIP, key triggers remain.
Oil India shares jump over 5%. What made Emkay upgrade the stock after Q1 results
Oil India shares jumped over 5% after strong Q1FY27 results prompted Emkay Global to upgrade the stock to ‘Buy’. The brokerage cited attractive valuations, higher crude production and improving gas evacuation prospects. Elara Capital also retained its ‘Buy’ rating, while Nomura and Motilal Oswal maintained neutral views on the stock.
Vodafone Idea shares jump 3% after Q1 net loss narrows. What is Nomura saying?
Vodafone Idea’s Q1 loss narrowed sharply to Rs 3,754 crore from Rs 6,608 crore a year ago, while revenue rose 6% YoY to Rs 11,689 crore. EBITDA grew 9% to Rs 5,034 crore, with margin improving to 43.1%, while ARPU jumped 10.2% to Rs 195.