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Indian markets ended higher driven by positive election trends, with gains in financials, pharma, and metals. Nifty held above key support levels despite range-bound movement. Analysts see bullish momentum intact, though global cues remain weak and near-term consolidation is possible.
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Aditya Birla Capital on Monday reported a 31 per cent growth in consolidated profit at Rs 1,129 crore for the fourth quarter ended March 31 on higher interest income.
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Tata Technologies reported 8% year-on-year profit growth in Q4FY26 with strong 22% revenue rise. Improved margins, sequential earnings surge, and dividend announcement highlighted performance, driven by robust services segment growth and operational efficiency.
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CSB Bank reported 6% Q4 profit growth aided by lower provisions despite higher costs and weaker income. Margins improved, while advances and deposits showed strong growth. Asset quality improved sequentially but weakened year-on-year, reflecting mixed operational performance.
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Tata Chemicals reported a sharp Q4FY26 net loss due to significant impairment charges and weak global pricing. Revenue declined marginally, margins turned negative, and cash flows weakened, though core operations showed improvement before exceptional items amid challenging market conditions.
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