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Shares of leading private lender HDFC Bank fell 1.5% to Rs 766 on Tuesday, extending their decline to over 6% in two sessions, after the bank reported a 5% YoY increase in standalone net profit for the April-June quarter of FY27. The bank posted a standalone net profit of Rs 19,060 crore for the quarter,…
Shares of Central Mine Planning & Design Institute (CMPDI) surged 6.90% to Rs 270.96 during Tuesday’s trading session after the Coal India subsidiary reported strong performance for the first quarter of FY27, driven by robust revenue growth and a sharp rise in profitability. CMPDI reported an 18% year-on-year increase in revenue from operations to Rs…
Every market cycle creates fortunes. It also creates a new set of rules that only become obvious in hindsight. A decade ago, building wealth was all about buying good businesses, staying invested and letting time do its work. Those principles still have value, but the context in which they are applied is now far more…
The shares of Mrs Bectors Food Specialities jumped another 4.5% on Tuesday, extending a 30% rally over four days after veteran investor Sunil Singhania‘s Abakkus Investment Managers acquired around 1% stake in the company through a bulk deal. The stock soared 14% on Thursday following the transaction. It rose another 7% to an intraday high…
Shares of Punjab National Bank (PNB) extended gains on Tuesday, rising over 7% in two sessions following the PSU lender’s strong Q1 earnings that led to bullish brokerage calls. Shares of the company rose to Rs 113.38 apiece today, the highest level seen in nearly three months. The lender on Saturday reported a 214% YoY…
Mumbai: Trying to time the market may not be the best strategy for retail investors. A study by Abakkus Mutual Fund shows that missing even a few of the market’s strongest trading days can erode long-term returns. The asset manager analysed the Nifty 50 TRI, Nifty Midcap 150 TRI, and Nifty Smallcap 250 TRI performances…
ET Intelligence Group: UltraTech Cement‘s June 2026 quarter performance was in line with expectations. The country’s largest cement manufacturer by volume delivered its strongest-ever first quarter numbers in terms of volume, revenue, and operating profit before depreciation and amortisation (EBITDA). While near-term performance could be affected by monsoon-related seasonality and higher input costs due to…
Shares of fintech operator Paytm gained 2.7% to Rs 1,383 on the BSE on Tuesday after the company reported a 79% year-on-year (YoY) jump in consolidated net profit to Rs 220 crore for the first quarter, compared with Rs 123 crore in the year-ago period. Revenue from operations rose 28% YoY to Rs 2,448 crore…
Jaiprakash Power Ventures shares rallied as much as 8.4% on Tuesday, hitting an intraday high of Rs 18.32, after the company reported robust earnings for the June quarter (Q1FY27). Strong growth in both revenue and profit, coupled with a return to profitability on a sequential basis, boosted investor sentiment. The company reported consolidated revenue from…
Shares of cement major UltraTech Cement gained 2% to their day’s high of Rs 12,125 on the BSE on Tuesday after multiple brokerages raised their target prices for the stock following its Q1 earnings and strong guidance. The company on Monday reported a 17% year-on-year (YoY) increase in its consolidated net profit to Rs 2,599…