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Shares of Polycab India fell 4% to an intraday low of Rs 8,888 on the BSE on Friday, despite the company reporting its highest-ever first-quarter performance. The stock declined from its previous close of Rs 9,216, even as net profit surged 33% year-on-year (YoY) to Rs 797 crore. On Thursday, the company reported a 39%…
Shares of heavyweight private lenders including HDFC Bank, Axis Bank, Kotak Mahindra Bank and others jumped up to 3% on Friday, pushing the Nifty Bank higher, ahead of their much-awaited Q1 earnings announcements scheduled for Saturday. Kotak Mahindra Bank shares jumped nearly 3% to trade at Rs 386 apiece on the NSE, as seen at…
The shares of Relaxo Footwears rallied around 14% on Friday, snapping a three-session losing streak. The gains were driven by strong buying interest at key technical levels, supported by healthy trading volumes. The rally added nearly Rs 1,255 crore to the company’s market capitalisation. The stock surged to Rs 417 apiece on the NSE. If…
Shares of Billionbrains Garage Ventures, the parent company of Groww, rebounded 4% to Rs 213.50 on Friday after tumbling 5% in the previous session. The stock remained in focus this week after the company reported a 94.44% year-on-year jump in Q1FY27 net profit to Rs 735 crore, compared with Rs 378 crore in the corresponding…
National Stock Exchange of India Ltd., the operator of the world’s largest derivatives exchange by trading volume, has received a ‘sell’ recommendation just as it gears up to launch the country’s biggest initial public offering. Dolat Capital Market Pvt., a local brokerage house, initiated coverage on India’s largest stock exchange with a bearish call, saying…
While the multi-cap fund balances roughly 45% in large caps with 55% across mid- and small-cap companies, capturing a broader spectrum of the top 500 enterprises. It relies on deep, bottom-up stock selection with long holding periods, in some cases, spanning 15 to 20 years, making it an ideal single-product solution for long-term investors seeking…
If you have retired but have not yet withdrawn your Employees’ Provident Fund (EPF) balance, your savings may still be earning interest. However, the period for which interest is credited depends on the age at which you retire. Under the EPF Scheme, 2026, the rules differ for members who retire before 55 and those who…
Shares of CEAT sharply plunged more than 9% on Friday after the tyre-maker reported a whopping 96% year-on-year (YoY) decline in its consolidated net profit to Rs 4 crore for the April-June quarter of FY27. The shares of the company plunged to Rs 3,471.10 apiece on NSE on Friday. If the stock manages to hold…
The Centre is considering bringing back the merchant discount rate (MDR) on Unified Payments Interface (UPI) transactions for large merchants, according to an Economic Times report citing people familiar with the matter. As per the report, the proposal under discussion is to levy MDR on merchants with an annual turnover of around ₹1 crore to…
The 8th Pay Commission, on 9-10 July, completed its latest stakeholder consultations and discussions in Kolkata. With more than eight months of the commission’s official 18-month tenure completed, it is now expected to expedite consultations and finalise its recommendations. The 8th Pay Commission will bring revisions to salaries, pension reforms and meaningful changes in allowances…