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Gabriel India shares rise 4%; Motilal Oswal initiates coverage with 'Buy'
Motilal Oswal Financial Services initiated coverage on the stock with a 'Buy' rating and a target price of ₹1,266
Stocks to Buy: This auto parts maker is already up 137% from its IPO price and HSBC sees further upside
Belrise's proposed ₹2,000 crore qualified institutional placement (QIP), if approved, would provide sufficient financial flexibility for future capacity expansion and potential inorganic growth opportunities, HSBC's note said.
Tenneco Clean Air up 4%; JM Fin sees 19% upside, bets on strong order book
JM Financial has reiterated its 'Buy' rating on Tenneco Clean Air India, saying a strong order book gives earnings visibility. The brokerage maintained its target price of ₹680 per share.
JBM Auto, Olectra rise up to 7%; what's driving investors' interest?
JBM Auto and Olectra Greentech shares surged after Cabinet approved ₹9,585 crore scheme, offering financial incentives to bus and truck fleet owners to transition to cleaner fuels or EVs
From BS-IV to BS-VI: Cabinet nod for cleaner mobility in Delhi-NCR
The Union Cabinet has approved a new scheme to replace old trucks and buses in Delhi-NCR. This initiative aims to significantly reduce air pollution in the region. Owners of older vehicles can get incentives to switch to cleaner BS-VI or electric vehicles. The scheme will benefit over two lakh vehicle owners and involves financial support and tax concessions.
Strong earnings: Vedanta, JSW Steel among 10 largecaps that reported best Q4 results
Indian markets conclude the Q4 earnings season with robust results. Vedanta, JSW Steel, Muthoot Finance, Indian Oil Corporation, Tata Steel, Hindustan Zinc, Samvardhana Motherson, Mahindra & Mahindra, Siemens Energy, and BPCL reported significant year-on-year growth in profits and revenues. This widespread outperformance across various sectors signals a strong financial performance for these large-cap companies.
May Auto Sales: Ola Electric figures at seven-month high but stock sees profit booking
Ola Electric's volumes in April and May were at 27,462 units. The company has given a volume guidance of 40,000 to 45,000 units in the first quarter of the financial year 2027. Its volumes need to be more than 12,540 units in June to achieve this Q1 guidance.
Steel Strips Wheels reports flat Q4 profit, revenue rises 19.5%
Revenue from operations rose 19.5% year-on-year to ₹1,474 crore during the quarter, up from ₹1,234 crore in the corresponding quarter of the previous financial year.
Tata Motors PV To Hold 81st AGM On July 8, Fixes Record Date For Dividend
Tata Motors PV had earlier declared a final dividend of Rs 3 per equity share of face value Rs 2 each for the financial year ended March 31, 2026.
Timex Group India posts Rs 800 crore revenue for FY26
Timex Group India achieved a landmark financial year 2025-2026. Revenues surged 48% to Rs 800 crore, with profit before tax jumping 151% to Rs 107.4 crore. EBITDA also saw substantial growth. The company experienced strong performance across its brands, including Timex, Guess, and Versace. E-commerce channels recorded a 90% increase in sales.
Why Pernod Ricard is facing heat in India’s biggest liquor market
French liquor giant Pernod Ricard faces significant hurdles in India, its largest global market by volume. The company is embroiled in a massive federal tax dispute and an antitrust investigation. Additionally, Pernod is under scrutiny from India's financial crime agency regarding alleged collusion in Delhi's liquor license auctions.
ICICI Bank adds most credit cards in April amid rising competition
Axis Bank added 63,446 cards in April, less than half its February tally. Kotak Mahindra Bank remained steady at 33,038 additions. "We are focused on growing the business and growing it with the right set of customers in a profitable way," said ICICI Bank Group chief financial officer Anindya Banerjee. "We have been seeing reasonably steady new customer acquisition and would hope to see better numbers in terms of growth."