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Hero MotoCorp shares slipped 3% to Rs 5,382 after reporting a 6.3% decline in October sales for FY26, driven by lower motorcycle and domestic sales. However, scooter and export volumes rose sharply. Citi retained its Buy rating with a Rs 6,100 target, citing festive demand and solid retail momentum.
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Vodafone Idea shares: The Supreme Court has allowed the Centre to reassess telecom companies’ pending AGR dues beyond FY 2016-17, clarifying that the review isn’t restricted to that year alone — a move that could offer wider relief to the debt-laden firms.
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Cipla shares: Cipla has agreed to acquire a 100% stake in Inzpera Healthsciences, making it a wholly owned subsidiary, as part of its strategy to strengthen its presence in the paediatric and wellness segment.
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Lenskart IPO GMP Today: Lenskart’s IPO is trading at a grey market premium of about ₹59, or 14.5% above its ₹402 issue price, indicating a potential listing around ₹461 if the trend continues.
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Fintech firm Groww’s upcoming IPO faces uncertainty due to potential Sebi regulations on F&O trading, a key revenue driver. While the company is diversifying into margin trading and wealth management, these newer segments are still small contributors. Analysts suggest regulatory clarity is needed to alleviate investor concerns about short-term earnings volatility.
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Tata Consumer Products reported a 10.98% YoY rise in Q2FY26 PAT to Rs 404 crore, driven by a 17.8% growth in revenue. Morgan Stanley and Goldman Sachs maintained bullish views, raising target prices to Rs 1,265 and Rs 1,350, respectively, citing strong margins, easing input costs, and robust growth across branded and international businesses.
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Indus Towers shares: Bharti Airtel has received board approval to raise its stake in Indus Towers by up to 5%, with the purchase to be carried out in one or more tranches over time, according to its latest regulatory filing.
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Bharti Hexacom shares: The telecom operator posted a strong September quarter, with net profit surging 66.4% year-on-year to Rs 421 crore and revenue rising 10.5% to Rs 2,317 crore, driven by higher mobile ARPU and robust growth in its Homes and Offices segment.
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Bharti Airtel’s Q2 performance signals strong growth ahead, with ARPU rising to ₹256, a 48%+ EBITDA margin, and a revived Africa business boosting revenues. Geojit Investments’ Gaurang Shah expects ARPUs to touch ₹275–300 in the coming quarters and a possible tariff hikes by late 2025 could strengthen Airtel’s profitability and sector-wide earnings outlook.
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