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Despite relative resilience in the broader smallcap index, several individual stocks have witnessed sharp corrections in CY26, falling up to 45%. The divergence highlights underlying weakness in select counters even as a few outperformers deliver strong gains, pointing to a highly stock-specific market environment.
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Shriram Finance announced a strong financial performance for the March quarter. The company’s standalone net profit surged 41% year-on-year to Rs 3,014 crore. Net Interest Income also saw a healthy increase. The NBFC recommended a final dividend of Rs 6 per share, bringing the total for FY26 to Rs 10.80 per share. Assets under Management grew by 15%.
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Metals major Hindustan Zinc on Friday declared a first interim dividend of Rs 11 per equity share for the ongoing financial year 2027, with the record date to determine the eligibility of shareholders being fixed on April 30.
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European shares fell on ​Friday and were set to end the week lower, as investors remained concerned about the lack of progress toward a resolution to the Middle East conflict, while also ‌keeping a ⁠close ⁠watch on corporate earnings.
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Tata Capital anticipates strong performance in FY27, driven by growth, improved margins, and operating efficiency. The company has seen a consistent decline in credit costs, a trend expected to continue due to a disciplined risk culture and the adoption of AI. Loan book growth is projected to be robust, with a focus on housing finance and retail products.
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