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Lodha Developers to launch homes worth nearly Rs 22,000 cr for sale in FY27
Lodha Developers is set to launch new housing projects valued at approximately Rs 22,000 crore this fiscal year. The company aims for a 17 percent growth in sales bookings, targeting Rs 24,000 crore. These new developments will span across Mumbai Metropolitan Region, Pune, Bengaluru, and Delhi-NCR.
Mazagon Dock Q4 Results: Profit jumps 42% to Rs 464 crore; co declares Rs 4.62 dividend
Mazagon Dock Shipbuilders announced impressive March quarter results. Net profit surged by nearly 42 percent year-on-year. This growth was driven by increased execution in shipbuilding and submarine projects. Revenue from operations also saw a healthy 16 percent rise. The company's board recommended a final dividend of Rs 4.62 per share for the financial year ended March 2026.
Gujarat Cotex to raise nearly Rs 43 cr through rights issue
Gujarat Cotex is set to raise approximately Rs 43 crore through a rights issue to fund its expansion projects, including a new premium hotel. The issue, offering six shares for every one held, opened on April 10 and closes May 8. Proceeds will also bolster the company's financial standing as it diversifies into real estate, hospitality, and agri-commodity trading.
Indian Bank Q4 profit rises 5% to Rs 2,956 crore
Indian Bank announced a 5% increase in net profit for the fourth quarter. The bank saw its operating profit rise and its gross and net non-performing assets fall significantly. Despite challenges foreseen in treasury operations due to global events, the bank projects steady growth in advances for the current fiscal year. Deposits also showed robust growth.
SWAMIH fund infuses Rs 600 crore with Ramky group to revive stuck projects in Bengaluru
In a significant boost for the housing sector, the SWAMIH Investment Fund will invest as much as Rs 600 crore into Ramky Estates, focusing on resurrecting halted residential projects in Bengaluru. This investment will directly benefit more than 1,800 homebuyers who have been waiting for their homes. Ramky Estates is set to manage 4.
Realty stock Man Infraconstruction jumps 7% after acquiring South Mumbai projects worth ₹2,000 crore
Realty stock Man Infraconstruction rose as much as 7% on Wednesday, 29 April. Here is what's behind the rally, along with share price trend.
County Group's rescue drive in Gurgaon to unlock Rs 4,000 crore potential
County Group has acquired two stalled housing projects in Gurgaon. This move brings relief to nearly 400 homebuyers who have been waiting for over a decade. The acquisitions add approximately 2.6 million sq ft of saleable area to the developer's portfolio. County Group also recently purchased land in Noida and Ghaziabad for new developments.
Cemindia Projects among 5 stocks closed above VWAP, signaling bullish shift
Five stocks including Force Motors, Chennai Petroleum Corporation, Cemindia Projects, Hitachi Energy India, and Afcons Infrastructure closed above VWAP on April 28, signaling bullish sentiment and potential upward price momentum.
Paras Defence partners Complus, JV Micronics for anechoic chamber projects
Paras Defence signs MoU with Complus Systems and JV Micronics to build anechoic chambers in India and abroad, leads consortium, shares rise 0.64% to ₹813.30.
Adani Energy Q4 Results: Cons profit rises 6% YoY to Rs 684 crore; revenue up 17%
Adani Energy Q4 Results: Adani Energy Solutions reported a 6% year-on-year increase in consolidated net profit to Rs 684 crore for the fourth quarter, with revenue from operations growing 17% to Rs 7,443 crore. The company's performance was bolstered by key transmission projects and strong growth in its smart metering segment.
Brent may settle near $80 if supply conditions ease: Goldman Sachs
Nikhil Bhandari, Head-India Equity Research at Goldman Sachs, said supply constraints, lower investments and maturing shale output are setting up a new oil investment cycle. He expects prices to remain supported depending on supply disruptions, with investments likely to pick up across shale and offshore projects, alongside opportunities in oil companies and services.
J Kumar Infra shares gain on bagging orders worth ₹2,488 crore
J Kumar Infraprojects secured two projects worth ₹2,488 crore, adding to recent order wins, as the stock gained in trade amid a steady pickup in infrastructure execution visibility.