Market News
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L&T shares fall 4% after March quarter net profit dips 3%. Why are Jefferies, Goldman Sachs bullish?
Larsen and Toubro shares fell after the company reported a 3% YoY decline in Q4 net profit to Rs 5,326 crore. Despite the profit dip, revenue rose 11% to Rs 82,762 crore, with international business contributing over half. EBITDA grew 5%, indicating stable operational performance driven by core engineering and services segments.
NMDC, HCC among 5 stocks to buy below ₹100 for up to 23% upside: Angel One
Top stocks to buy below ₹100: Rajesh Bhosale of Angel One recommends buy on NHPC, NMDC, HCC, South Indian Bank and Lloyd Engineering for up to 23% upside potential based on technical chart patterns.
Vikran Engineering commissions second 5 MW Ambijalgaon solar plant
Vikran Engineering announced the commissioning of its second 5 MW solar power plant in Ambijalgaon, Ahilyanagar district, Maharashtra, under the PM KUSUM Scheme. The newly operational plant marks another milestone in the companys expanding renewable energy portfolio and reflects continued progress under the 600 MW solar contract secured in December 2025.
Lloyds Engineering Works consolidated net profit rises 156.60% in the March 2026 quarter
Sales rise 113.41% to Rs 495.02 crore
Railway wagon stocks in focus; Texmaco, Jupiter, Titagarh soar up to 13%
Titagarh Rail Systems soared 13 per cent to ₹870 in intraday on the back of a 10-fold jump in trading volumes. Texmaco Rail & Engineering surged 8 per cent, while Jupiter Wagons gained 7 per cent .
Stock Alert: Wockhardt, Jindal Stainless, Petronet LNG, Manappuram Finance, Aarti Industries
Larsen & Toubro, Mahindra and Mahindra, Punjab National Bank, Marico, Hero Motocorp, Lloyds Metals and Energy, SRF, Coforge, United Breweries, Poonawalla Fincorp, Ajanta Pharma, Emcure Pharmaceuticals, Aadhar Housing Finance, Gallantt Ispat, Jammu and Kashmir Bank, Voltamp Transformers, AAVAS Financiers, Lloyds Engineering Works, Alkyl Amines Chemicals, SJS Enterprises, Shilchar Technologies, GNG Electronics, Gujarat Heavy Chemicals, Aeroflex Industries, Shanthi Gears, Shoppers Stop, Dalmia Bharat Sugar and Industries, Cigniti Technologies, Raymond Realty, Raymond, Shipping Corporation of India Land and Assets, PTC India Financial Services, Spandana Sphoorty Financial, Dolphin Offshore Enterprises (India), CFF Fluid Control, DCW, Automobile Corporation of Goa (ACGL), Paushak, Mafatlal Industries, B Right Realestate, Kothari Petrochem, Foseco Crucible (India), Sutlej Textiles and Industries, Primo Chemicals, Onward Technologies, Kriti Nutrients, Jenburkt Pharma, Kriti Industries ..
KMEW acquires 15 acres prime waterfront land at Saphale, Maharashtra
Knowledge Marine & Engineering Works (KMEW) announced the acquisition of ~15 acres of prime waterfront land (with an additional 5-acre expansion option) at Saphale, Palghar, Maharashtra. Executed through its subsidiary, Knowledge Shipyard, the acquisition marks a pivotal step in KMEW's evolution into a technology-driven, sustainable shipbuilding enterprise.
GE Vernova gets order to supply 9 pumped storage units in India
GE Vernova will supply nine pumped-storage units for Megha Engineering & Infrastructures Limited's Upper Sileru hydropower plant in Andhra Pradesh. This 1.35-gigawatt project, expected by 2030, will be one of India's largest. Pumped storage is vital for grid stability and balancing renewable energy. GE Vernova's work includes design, manufacturing, and commissioning of the units and control systems.
Bharat Forge to acquire 30% stake in Fortuna Engineering for ₹130 crore
Bharat Forge to buy 30 percent of Fortuna Engineering for 129.60 crore in cash, with an option to raise its stake to 50 percent plus 1 share, to boost machining capabilities
HG Infra Engineering sells 100% stake in subsidiary for ₹282 crore
The company transferred its 100% equity stake in HG Raipur Visakhapatnam OD-6 Private Ltd to Neo Infra Income Opportunities Fund. Shares of HG Infra Engineering Ltd ended at ₹606.50, down by ₹11.50, or 1.86%, on the BSE today, April 23.
L&T Tech Q4 Results: Profit jumps 24% YoY to Rs 347 crore; co declares Rs 40 dividend
L&T Technology Services posted strong profit growth with improved margins, driven by portfolio restructuring and focus on high value engineering and ai services, alongside steady deal wins and stable demand across segments
Patel Engineering bags Rs 1,593.08 crore hydroelectric project contract in Nepal
Patel Engineering has won a major hydro-electric project in Nepal. The contract is valued at Rs 1,593.08 crore. This project is for the Lower Arun Hydroelectric Project. It is scheduled for completion within 54 months. The company is committed to delivering world-class engineering.