The rupee strengthened by 33 paise to 92.85 against the US dollar following RBI’s tightened rules to curb speculative positions. Despite this, global developments, including escalating US-Iran tensions and rising crude oil prices, continue to exert pressure on the domestic unit, creating volatility.Read More

Aurobindo Pharma is launching its first share buyback in two years, offering to repurchase over 54 lakh shares at Rs 1,475 each. This tender offer, open to shareholders as of April 16, represents a significant move for the pharmaceutical giant. The company’s stock has shown resilience, gaining ground despite broader market declines.Read More

Amidst geopolitical fears, India’s market faces a ‘buy the dip or wait’ dilemma. Expert Jitendra Gohil highlights India’s underperformance due to its limited role in global AI and defence booms. He advises accumulating metals, private banks, and electronics manufacturing on dips, while viewing gold as a long-term hedge. Expect range-bound equities for now.Read More

TVS Motor shares surged following Goldman Sachs’ ‘Buy’ upgrade, citing strong growth prospects and superior volume visibility from new premium products. The brokerage anticipates robust sales growth outpacing industry averages, supported by margin tailwinds and a positive outlook on electric vehicle expansion. Key catalysts include upcoming product launches and PLI scheme benefits.Read More

HDFC Bank reported steady growth in its March quarter business update, with advances and deposits rising in double digits year-on-year. However, the stock remains under pressure following a recent leadership exit, even as the lender’s core balance sheet metrics indicate stable expansion across credit and deposit segments.Read More

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Wipro Limited share price surged 3% following a significant deal with Olam Group. This multi-year strategic transformation contract is valued at over one billion dollars. Wipro will also acquire Olam’s IT division, Mindsprint. The partnership aims to enhance Olam’s operations across its entire value chain. This engagement marks a major expansion for Wipro in the...Read More

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Trent share price surged 4% following a strong Q4 business update, driven by a 20% year-on-year revenue growth to Rs 4,937 crore and robust store expansion. The company added 22 Westside and 109 Zudio stores, bringing its total retail footprint to 1,286. Despite recent stock weakness, Trent has delivered significant long-term returns.Read More

Axis Bank’s Q4 business update revealed robust growth, with gross advances surging over 18% year-on-year and total deposits climbing nearly 14%. This performance surpassed brokerage expectations, showcasing strong momentum for the private lender. The bank’s CASA and term deposits also saw significant year-on-year increases, indicating healthy customer engagement and financial expansion.Read More