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Damodar Valley Corporation’s stock market debut is now more likely. The Bharatiya Janata Party’s win in West Bengal has removed a key political obstacle. This development is expected to speed up the initial public offering process. DVC operates in power generation, transmission, and distribution. The listing will offer investors a new opportunity in the eastern power sector.
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Bharat Heavy Electricals (BHEL) share price surged over 10% in two days following robust Q4 FY26 earnings, with net profit soaring 156% year-on-year. The company also recommended a final dividend of Rs 1.40 per share. Brokerages like JM Financial and Morgan Stanley maintained ‘Buy’ and ‘Overweight’ ratings, respectively, raising their target prices.
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Mumbai’s property market recorded its best April in over a decade, surprising observers with record housing registrations. This resilience defies a national slowdown, fueled by pent-up demand and a shift towards mid-income housing. While ultra-luxury remains strong, the overall market shows signs of a potential turning point. Experts suggest this momentum may not last indefinitely as broader economic pressures loom.
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