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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.
S H Kelkar and Company's Q1 FY27 revenue rises 15% YoY to Rs 660-cr
S H Kelkar and Company reported consolidated revenue of Rs 660 crore in Q1 FY27, compared with Rs 574 crore in the corresponding quarter of the previous fiscal year, implying a 14.98% year-on-year growth based on the reported figures.
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.
Godrej Consumer Products expects high-teens revenue growth in Q1 FY27
Godrej Consumer Products said it expects to deliver high-teens revenue growth in the June quarter (Q1 FY27), ahead of its full-year guidance of double-digit revenue growth, backed by strong high-single-digit underlying volume growth (UVG).
HDFC Bank reports 15.4% advance growth in June quarter, outpaces system; Deposits cross Rs 31.7 lakh cr
HDFC Bank witnessed robust growth in its June 2026 quarter results, with gross advances surging 15.4% year-on-year to Rs 30.61 lakh crore. Deposits also climbed 14.7% to Rs 31.70 lakh crore. This strong performance, coupled with a slight increase in the loan-to-deposit ratio, signals growing confidence in the bank's balance sheet. Savers are increasingly favoring term deposits for better yields.
Mother Sparsh sees up to 40% growth as baby-care boom defies consumer slowdown
Mother Sparsh anticipates a robust 30-40% revenue surge this year, defying broader consumption slowdowns. Indian parents are prioritizing their babies' health and well-being, investing in premium, 'no nasties' products. Leveraging ITC's extensive distribution, the brand aims to expand its reach beyond online channels into smaller cities, tapping into a growing demand for trusted, scientifically-backed baby care solutions.
Sweltering heat sets summer-goods sales on fire; consumer brands hitch qcomm ride to big business
India's scorching summer has fueled a surge in consumer goods sales, with quick-commerce platforms becoming the star performers. Ice creams, cold drinks and skincare products saw massive year-on-year growth as shoppers embraced instant delivery for seasonal needs.
Explained - What led to Havells, Page Industries and Titan shares surge up to 4% on Wednesday
Havells' growth will improve in the current financial year, according to Citi, led by strong growth in cables and wires, a gradual recovery in consumer businesses and the solar segment emerging as a meaningful growth driver.
RIL, BEL, Lenskart, Delhivery among Motilal Oswal's top monthly picks
Top monthly stock picks by Motilal Oswal Wealth Management Research Desk: Analysts are bullish on Reliance, Bharat Electronics, ACME Solar, Delhivery, Gokaldas Exports and Lenskart.
Trust MF CIO sees revival in corporate cycle, stays bullish on mid and smallcaps
Mihir Vora, Chief Investment Officer at Trust Mutual Fund, remains bullish on renewable energy, with a preference for solar, and is betting on transmission and distribution companies as well as commercial clean energy suppliers catering to sectors such as data centres.
HSCL makes additional investment of USD 0.66 mln in International Battery Company
Prior to this investment, Himadri had invested an aggregate of USD 5.43 million in IBC and held a 17.29% stake on a fully diluted basis. With the latest investment, Himadri's aggregated stake has increased to 20.47% on a fully diluted basis, comprising both common and preferred stock. The increased investment reflects the meaningful progress achieved through the partnership over the past year and Himadri's continued confidence in IBC's technology platform, commercialization roadmap, and long-term growth potential.
Motilal Oswal prefers Amber and Dixon, stays cautious on Bata
Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services, remains cautious on Bata despite the appointment of a new CEO, citing market share losses and valuation concerns. He is positive on Amber Enterprises due to its Oppo manufacturing partnership and expects mobile operations to contribute meaningfully from FY28-FY29. He also sees upside in Dixon Technologies driven by the proposed Vivo joint venture. For Reliance Industries, easing inflation, strength in oil-to-chemicals and updates from the AGM remain key factors for investors. Disclaimer: The views and tips expressed by investment experts on CNBCTV18.com are their own, not of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.