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NTPC reported a 4% YoY decline in Q2FY26 net profit to ₹5,067 crore, while revenue remained flat at ₹44,786 crore. The PSU declared a ₹2.75 interim dividend as capacity rose to 83,893 MW.
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Nifty closed lower amid weakness in banking, auto, and IT stocks after a less dovish Fed stance. Analysts see limited downside, recommending GMR Airports, Oil India, Engineers India, and CreditAccess for short-term gains.
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Radico Khaitan MD Abhishek Khaitan urged more states to follow Uttar Pradesh’s excise model with composite shop licenses, enabling consumers to buy all liquor types under one roof. The company reported 48.8% volume growth and 69% profit rise in Q2FY26.
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Bank of America acquired a Rs 44 crore stake in Reliance Industries through a block deal at Rs 1,475.5 per share, slightly below market price. Meanwhile, RIL reported a 10% YoY profit rise to Rs 18,165 crore and announced free Google AI Pro access for Jio users.
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Hyundai Motor India reported a 14.3% YoY rise in Q2 FY26 net profit to Rs 1,572.3 crore, driven by strong exports, robust SUV sales, and cost optimisation. Revenue grew 1.2% to Rs 17,460.8 crore, while EBITDA margins improved to 13.9%.
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