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The Bombay High Court has ruled that interest paid on a housing loan cannot be used to reduce the income of a deceased person while calculating compensation under the Motor Vehicles Act (MV Act), holding that income-tax provisions meant to determine tax liability cannot be imported to lower compensation payable to accident victims’ families. Justice…
Laurus Labs shares jumped 4.05% to Rs 1,666 in Monday’s trading session after the company reported a stellar performance for the June 2026 quarter. The rally was fueled by a 126% year-on-year surge in net profit and 29% revenue growth, driven by strong CDMO performance and steady demand for affordable medicines. According to the company’s…
Shares of AU Small Finance Bank rallied 5% to Rs 1,051 on the BSE on Monday after the private lender reported a 37% year-on-year rise in net profit to Rs 796 crore for the April-June quarter, compared with Rs 581 crore in the same period last year. The bank’s net interest income (NII) rose 31.8%…
Shares of Vedanta-backed Sterlite Technologies rallied as much as 5% to their day’s high of Rs 592 on the BSE on Monday after international brokerage CLSA upgraded the stock to Outperform and assigned a target price of Rs 950, implying an upside of 68% from current market levels. It’s been an unforgettable year for Sterlite…
Shares of IDFC First Bank rallied as much as 9% to Rs 88 on the BSE on Monday after the lender reported its highest-ever quarterly profit after tax (PAT) of Rs 1,075 crore for the quarter ended June 30, 2026. The profit jumped 132.4% year-on-year (YoY) from Rs 463 crore in the corresponding quarter last…
Shares of Dr Lal Path Labs jumped nearly 8% on Monday to hit a new 52-week high after the diagnostics firm reported better-than-expected earnings for the first quarter of FY27, with multiple brokerages raising target prices. Dr Lal Path Labs shares jumped to a fresh 52-week high of Rs 1,895 apiece on Monday, rising more…
Shares of Hindustan Zinc rose 2% to their day’s high of Rs 541 on the BSE on Monday as multiple brokerages reiterated their ‘Buy’ calls for the Vedanta Group company after it reported a whopping 145% year-on-year (YoY) surge in net profit to Rs 5,469 crore for the first quarter of FY27. Hindustan Zinc, India’s…
FMCG major Tata Consumer Products gained 3% to Rs 1,123 on the BSE on Monday after reporting a 27.8% year-on-year (YoY) rise in consolidated net profit to Rs 427 crore for the April-June quarter of FY27, compared with Rs 334 crore in the year-ago period. Revenue from operations rose 11.9% YoY to Rs 5,349 crore…
Shares of Bank of Baroda dipped 2% to Rs 242 on the BSE on Monday after the lender reported a 72% year-on-year (YoY) drop in net profit to Rs 1,278 crore for the first quarter of FY27, absorbing a one-off exceptional item of $600 million. Multiple brokerages downgraded their ratings and slashed target prices for…
When markets tumble, emotions often move faster than investment plans. Investors start checking portfolios more frequently, wonder whether they should pause their systematic investment plans (SIPs) and look for signs that it’s time to make changes. Experts say that’s precisely why important investment decisions should be made while markets are calm. Having a pre-defined plan…