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Aditya Birla Group proposes $1.26 billion expansion of Odisha alumina refinery
Aditya Birla Group plans a significant expansion for its Odisha alumina refinery. The company will invest an additional $1.26 billion to triple its current capacity. This substantial investment will bring the total proposed expenditure to about $2.1 billion. The expansion project will be managed by the group entity Hindalco Industries. This development aims to significantly boost alumina production in the region.
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.
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.
TCS, Infosys crash up to 55%: Why India's largest mutual fund scheme is still buying
India's largest mutual fund scheme is buying more shares of TCS and Infosys. This buying occurs even as these IT stocks experience significant market value losses. The fund manager's conviction rests on current cash flows rather than future AI narratives. While AI disruption pressures revenue, it also creates new technology spending opportunities. The sector is no longer considered expensive, but earnings visibility remains a concern.
TCS shares dip 2% ahead of Q1 earnings today. What can shareholders expect?
Tata Consultancy Services shares declined as the company prepares to announce its first-quarter results. Analysts anticipate modest profit growth and weak revenue momentum for the IT bellwether. Demand for IT services remains soft due to economic uncertainty and client spending caution. Large deal ramp-ups and AI-led spending may offer some support to growth. The company's stock has experienced significant declines throughout the current year.
Ajit Mishra recommends buy on Aether Energy, Sun Pharma; sell on ITC
Ajit Mishra of Religare Broking says that Ather Energy and Sun Pharma have a given a upside breakout after a period of consolidation, while ITC seems to be losing momentum on charts.
Market Trading Guide: Ather Energy among 2 stock recommendations for Thursday
Indian markets declined sharply as rising crude prices, higher bond yields and renewed West Asia tensions hurt sentiment. Technical analysts recommended Alkyl Amines Chemicals and Ather Energy, citing bullish trends, strong momentum and favourable technical indicators.
Torrent Pharma among 6 stocks to hit 52-week highs & rally up to 25% in a month
Despite a sharp sell-off in the broader market, six BSE 200 stocks touched fresh 52-week highs, highlighting resilient investor confidence. The outperformers from retail, pharmaceuticals and energy sectors continued to show strong momentum, signalling sustained buying interest despite market volatility.
India's energy storage requirement set to jump from 1 GWh to 888 GWh by 2035-36: Report
India’s vision for 2035-36 includes a staggering demand of 888 GWh for energy storage, significantly up from today’s capacity. This development is critical not only for maintaining grid reliability but also for the seamless integration of renewable energies. In a mere six months, installed energy storage capabilities grew elevenfold, and the momentum continues with more tenders anticipated.
Kalyan Jewellers posts strong Q1 growth on robust demand
Kalyan Jewellers reported strong first-quarter revenue growth, supported by resilient domestic demand, healthy international performance and rapid expansion of recycled gold usage. The company also added new stores and said it entered the current quarter with positive momentum ahead of festive demand.
Cemindia Projects among 8 small-cap stocks that hit 52-week highs, rally up to 35% in a month
Despite a weak broader market, eight BSE Small-cap 250 stocks, led by Cemindia Projects, hit fresh 52-week highs after rallying up to 35% over the past month, signalling sustained buying interest and strong bullish momentum.
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.