The Indian rupee held steady near its record low on Monday, with the central bank’s likely intervention preventing a sharper fall. Importer demand and a strong dollar continue to pressure the currency. Traders anticipate continued mild pressure, with the rupee expected to trade between 88.50 and 89.10 amid global dollar strength and anticipation of trade...Read More
BEML shares fell 50% to ₹2,192 on Monday after turning ex-split following a 1:2 stock split. The drop is technical, reflecting a price adjustment as the face value was halved to ₹5 and share count doubled, leaving investors’ total value unchanged.Read More
Mahindra & Mahindra is expected to post steady Q2 results with double-digit revenue growth led by strong auto and tractor volumes. However, weaker average selling prices and an unfavourable product mix may weigh on margins and profitability, according to brokerage estimates.Read More
Seve upcoming IPOs, including Lenskart, Groww, and Pine Labs, are showing grey market premiums of up to 21%, signalling strong investor interest ahead of a busy week on Dalal Street.Read More
Motilal Oswal Financial Services (MOFSL) posted strong Q2 results with AUM up 55% YoY, driven by ₹14,000 crore inflows and 17 lakh new SIPs. The firm reported record operating profit of ₹554 crore, while housing finance disbursements jumped 50% YoY. CFO Shalibhadra Shah said stable asset quality, rising spreads, and lower funding costs will sustain...Read More
Over $6 billion in fresh FDI inflows into private banks like Yes Bank and Federal Bank highlight renewed global confidence in India’s banking sector. Improving credit quality, moderating costs, and signs of private capex revival add to the sector’s bullish outlook.Read More
Capri Global MD Rajesh Sharma expects FY25 AUM growth of 40%, driven by branch expansion and tech efficiency, and targets ₹50,000 crore AUM by FY28. With a focus on secured gold and MSME lending, the company aims to sustain 4% ROA and 18% ROE while cutting its cost-to-income ratio to 40% over the next 18...Read More
BPCL reported a 170% YoY surge in Q2 net profit to Rs 6,191 crore, driven by improved refining margins, cost control, and government compensation for LPG under-recoveries, while revenue rose 3% YoY to Rs 1.21 lakh crore despite a sequential decline.Read More
Zen Technologies secured two significant contracts from India’s Ministry of Defence. The deals are valued at Rs 289 crore for upgrading Anti-Drone Systems. These upgrades will be completed within a year. The company aims to enhance national security with advanced drone defence capabilities. This development follows recent operational feedback. Zen Technologies is committed to staying...Read More
Maruti Suzuki share price: Maruti Suzuki reported an 8% YoY rise in Q2 PAT and strong October sales growth, with brokerages like Goldman Sachs, Elara, and Citi maintaining positive outlooks on robust festive demand, improving exports, and upcoming SUV launches driving medium-term performance.Read More
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