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Stocks in news: TCS, JSW Infra, Craftsman Automation, IIFL Finance, Transrail Lighting
Indian markets showed a positive trend on Monday, recovering some of Friday's dips, buoyed by global sentiment and strong performance in the banking sector. Several companies are making headlines: JSW Infrastructure is raising funds for expansion, TCS will announce its quarterly results and a potential interim dividend, and Craftsman Automation's promoter plans a stake sale.
Fertiliser, chemical firms may see input cost relief from September quarter: IIFL
Ranjit Cirumalla, Senior Vice President - Research at IIFL, said the expected reopening of West Asia supply routes could ease energy, feedstock and logistics costs for chemical-linked sectors. While supply-side risks are receding, demand growth will depend on monsoon progress and kharif sowing. Refrigerant chemical prices are expected to remain firm through 2026.
Bharti Airtel shares downgraded by IIFL on competition concerns; check new target
Bharti Airtel's mobile revenue market share gains in India are becoming incrementally tougher, as reflected in recent quarters. IIFL also said that a potential fund-raise by Vodafone Idea could intensify competition in the telecom sector, particularly through higher channel payouts and more aggressive market strategies.
FIH Mauritius Launches Open Offer For 26% Stake In IIFL Capital
This could take the total outlay of the Fairfax group to IIFL Capital to Rs 5,505 crore.
IIFL Capital clocks PAT of Rs 115 crore in Q4
IIFL Capital Services has reported 10% fall in net profit to Rs 115.1 crore despite a 20% rise in total revenue from operations to Rs 644.3 crore in Q4 FY26 as compared with Q4 FY25.
IIFL Home Finance inks $300 million loan pact with ADB
IIFL Home Finance has secured a $300 million loan from the Asian Development Bank to expand affordable housing lending for low-income families, with a special emphasis on women. A portion of the funds will back green-certified, energy-efficient homes, helping address India's substantial housing shortage and extending homeownership to underserved communities nationwide.
IIFL Home Finance Limited raises $300 million from Asian Development Bank to expand affordable housing for women
IIFL Home Finance secures a 300 million dollar loan from Asian Development Bank and partners to boost affordable, green housing finance for low-income women in India amid a major housing deficit.