Market News
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Avantel Profit Jumps 67% In Q1, Margin Expands 360 Basis Points On Strong Revenue Growth
Revenue from operations increased 35.7% year-on-year to Rs 70.4 crore, up from Rs 51.9 crore a year earlier, reflecting steady execution across its defence communication and wireless solutions business.
Salasar Techno Engineering aims 20% revenue growth in FY27 to Rs 1,800 crore
Salasar Techno Engineering targets twenty percent revenue growth this fiscal year. The company expects its revenue to reach approximately Rs 1,800 crore. This growth is supported by a substantial order book of about Rs 2,500 crore. Strong execution momentum is evident across key business verticals.
Vedanta Power, Vedanta Oil & Gas, other Vedanta stocks surge up to 6%. What lies ahead?
Vedanta Group stocks experienced significant gains on Friday after their recent demerger. Vedanta Iron and Steel shares surged five percent, hitting the upper circuit limit. Vedanta Oil and Gas shares also saw a substantial increase, extending recent positive momentum. Vedanta Power and Vedanta Aluminium reported production and sales figures for the first quarter. Analysts at Motilal Oswal initiated coverage on Vedanta Aluminium with a buy rating.
Stocks in news: TCS, Groww, Shriram Finance, Dixon Tech, Anand Rathi Wealth
Indian markets saw a rebound on Thursday, recovering from Wednesday's sharp sell-off. TCS reported a 5% year-on-year profit growth, and Groww affirmed its direct mutual fund strategy. Shriram Finance is raising funds to reduce borrowing costs after a rating upgrade. Maruti Suzuki plans to add service points, and Dixon Tech will expand smartphone manufacturing. Premier Energies commissioned a solar module facility, and Anand Rathi Wealth saw profit rise.
Hot Stocks: 2 stocks that may give over 21% returns
Brokerages initiated coverage on Syrma SGS and Vedanta Aluminium with buy ratings. HSBC set a price target of Rs 1,750 for Syrma SGS, implying a 21.4% upside. Motilal Oswal Financial set a Rs 540 target for Vedanta Aluminium, indicating a 21.6% potential gain. These targets suggest significant returns over current trading prices. Both companies are seen as having strong growth prospects and structural advantages.
India Inc's revenue growth to hit 2-year high of 11-11.5% in Q1 despite Iran war: Crisil
India Inc's revenue is estimated to have grown 11-11.5% year-on-year in Q1FY27, marking the fastest pace in eight quarters, according to Crisil Intelligence. While pricing power helped companies offset higher input costs amid the West Asia conflict, margins remained under pressure due to rising fuel, freight and raw material expenses.
Ather Energy shares rally 270% in one year, but Nomura sees 22% more upside. Here’s why
Nomura increased Ather Energy's target price, expecting electric two-wheeler trends to accelerate. The brokerage sees Ather as a top pick to benefit from this EV momentum. New affordable scooter launches and a new plant will address a key market segment. Revenue growth is projected at 54% and 57% for FY27 and FY28. EBITDA is expected to improve, with PAT breakeven anticipated in FY29.
10 microcap stocks rally up to 430% in CY26; 5 turn multibaggers: Here’s FII and MF exposure
Microcap stocks delivered stellar CY26 gains, with several companies rallying over 50%. Sterlite Technologies, MTAR Technologies and others emerged as multibaggers, attracting significant FII and mutual fund interest.
Airtel to Trent: 44 stocks likely to report double-digit profit slump in Q1. Are your stocks on the list?
Motilal Oswal expects 44 companies, including Bharti Airtel, Trent, IndiGo, HAL, GAIL and Cipla, to report double-digit year-on-year profit declines in the June quarter. Higher energy costs, weaker demand, geopolitical tensions and margin pressure are expected to weigh on earnings, even as overall corporate profit growth slows in Q1.
NTPC Green Energy to raise ₹2,500 crore via 10-year NCDs through private placement
The company will raise ₹2,500 crore through 10-year non-convertible debentures to fund expansion and other corporate needs, while also commissioning a 50.4 MW wind project in Gujarat.
Market's worst phase is over; focus on picking the right stocks, says Quant Mutual Fund's Sandeep Tandon
Sandeep Tandon believes the next few months will reward investors who pick strong companies rather than simply betting on the broader market, with infrastructure, power and select energy stocks among his top bets.
Premier Energies discloses order wins worth ₹3,011 crore in the June quarter; Stock rises
Premier Energies also credited the ALMM-2 policy, which mandates the use of listed solar PV cells for projects commissioned from 1 June this year, with cutting import dependence and enabling its growth.