Supriya Lifescience shares surge 17% on strong Q4 earnings; PAT rises 47% YoY
Supriya Lifescience shares jumped over 16% after the company posted a strong Q4FY26 performance, with PAT rising 47% YoY and revenue surging 50%. Robust demand across therapeutic segments, improved capacity utilisation, and traction in regulated markets supported growth. The stock remains in an uptrend despite overbought technical indicators.
Wockhardt shares jump 8%, extend rally after CDSCO nod for Zaynich antibiotic
Wockhardt shares surged after the company received CDSCO approval for its breakthrough antibiotic Zaynich in India. Strong Phase 3 trial results and the drug’s potential to treat severe drug-resistant infections boosted investor sentiment, helping the stock extend recent gains despite technically entering overbought territory after a sharp rally.
Did LIC shares really crash 50% in one day? Here’s how the bonus math works
LIC shares appeared to fall nearly 50% on Friday after adjusting for its first-ever 1:1 bonus issue, though the actual decline was only around 1.5%. The insurer issued one bonus share for every existing share held by eligible shareholders, with May 29 fixed as the record date for the corporate action.
Infosys, Wipro, TCS, other IT stocks jump up to 4%: What’s behind the bullish sentiment in a muted market?
IT stocks, including Infosys and TCS, surged up to 4% on Friday, driven by Wipro’s expanded partnership with ServiceNow to scale AI workflows. This collaboration aims to integrate Wipro Intelligence with ServiceNow’s AI Platform, streamlining enterprise operations and accelerating AI adoption. The move boosted investor confidence in Indian IT companies, despite earlier concerns about AI […]
JP Power shares surge 28% in 2 days, Adani Power hits fresh 52-week high amid optimism around stake acquisition
Jaiprakash Power Ventures shares surged on Friday, extending their two-day rally to 28%, amid strong investor optimism surrounding Adani Power’s proposed stake acquisition in the company. JP Power stock climbed to Rs 24.50 and is up nearly 31% this week, with heavy trading activity as over 24 crore shares worth Rs 572 crore changed hands […]
Ashok Leyland shares fall 2% after Q4 results. Do Goldman Sachs, Morgan Stanley see any upside?
Ashok Leyland’s shares dipped 2% despite a 14% YoY rise in net profit to Rs 1,291 crore for Q4 FY26. Revenue grew over 17% to Rs 17,246 crore. Analysts remain cautious, citing diesel price hikes and commodity inflation as headwinds, with mixed target price adjustments.
Sensex rises 220 points, Nifty nears 24,000 on Iran-US ceasefire extension reports
Indian stock markets opened muted but recovered on Thursday morning. Investors assessed Middle East political developments. Declining oil prices provided a boost. IT stocks led gains on the Sensex. Broader markets also traded in the green. Foreign investors remained net sellers of Indian equities on Wednesday.
Ranbir Kapoor-backed Prime Focus shares gain 2% after firm returns to black with Rs 82 crore net profit in Q4
Prime Focus shares saw a rise on Friday. The company reported a profit of Rs 82 crore for the fourth quarter of FY26. This marks a significant turnaround from a loss in the previous year. Revenue also jumped over 42 percent. The company is involved in a legal dispute regarding an insolvency petition.
Bharat Dynamics shares tank 8% after weak Q4 results. Here’s why Motilal downgrades stock
Bharat Dynamics Ltd shares plunged 8.5% after reporting a steep 58.5% drop in Q4 FY26 net profit to Rs 113.18 crore, with revenue also falling nearly 73%. Full-year profit declined 23%. Motilal Oswal downgraded the stock to ‘Neutral’ citing execution concerns and margin pressure, while also highlighting key industry risks.
Anthropic eclipses OpenAI with valuation of $965 billion
Anthropic PBC has raised funding at a $965 billion valuation, overtaking rival OpenAI for the first time. The round was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital, with each investing over $2 billion. Google and Amazon also joined as part of previously announced multibillion-dollar commitments to Anthropic.