Shares of ideaForge Technology surged over 8% after the company reported a sharp Q4 FY26 turnaround, posting a net profit of Rs 60 crore against a year-ago loss. Revenue rose sevenfold, supported by strong order inflows, improved execution, and expanding defence capabilities, driving bullish sentiment despite overbought technical indicators.Read More
Maruti Suzuki shares have dropped nearly 25% from their January peak, wiping out Rs 1.28 lakh crore in value amid margin and market share concerns. Brokerages remain divided, with near-term pressures persisting but strong sales momentum, healthy order backlog and improving margins expected to support a recovery in the coming quarters.Read More
India’s auto sector saw robust year-on-year growth in April, defying sequential dips attributed to high March bases and supply issues. Maruti Suzuki stood out with month-on-month gains, driven by GST benefits and strong demand across segments. Tractor and two-wheeler sales also showed strength, though auto ancillaries face margin pressure from rising commodity costs.Read More
Five NSE F&O stocks witnessed a sharp rise in futures open interest as of May 04, indicating heightened derivatives activity. The surge suggests traders are building fresh positions or adding to existing ones, reflecting stronger conviction and a directional bias in the near-term price movement of these counters.Read More
The Indian rupee has fallen to a new record low. This happened after U.S. and Iranian strikes in the Gulf region. These events have worried markets and increased concerns for India’s economy. The currency’s fall impacts oil imports. Other Asian currencies also weakened. Investors are concerned about rising energy prices and their effect on India’s...Read More
Bagmane Prime Office REIT’s Rs 3,405 crore IPO opens Tuesday, aiming to list at Rs 100. Despite strong institutional backing, including from the Jhunjhunwala Trust, grey market signals are muted. The Bengaluru-focused REIT boasts premium office assets with high occupancy and marquee tenants like Google and Amazon, projecting attractive yields.Read More
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