The acquisition also seems to be reasonably priced. So, it will only add value to the company because the acquiree SML ISUZU has a good brand image in the segments in which it operates. This acquisition per se I would think is a positive development.
Shares of defence-related companies like Paras Defence, Garden Reach Shipbuilders, Data Patterns, Cochin Shipyard, Mazagon Dock Shipbuilders, and Hindustan Aeronautics rallied on Monday, amid heightened tensions at the Line of Control (LoC) following the recent Pahalgam terror attack and multiple ceasefire violations over the weekend.
Hindustan Zinc shares rose after Q4FY25 EBITDA beat estimates, driven by strong volumes and lower production costs. Nuvama cut the stocks target price slightly, citing lower volume growth expectations. Meanwhile, Hindustan Zinc is expanding beyond zinc, lead, and silver into potash, gold, tungsten, and critical minerals, with an eye on lithium prospects in Rajasthan.
Tejas Networks shares: Tejas Networks reported a net loss of Rs 71.80 crore for the quarter ended March 2025, a sharp reversal from a net profit of Rs 146.78 crore in the same quarter of the previous year. This marks the company's first quarterly loss after four consecutive profitable quarters.
Gensol Engineering's stock faces a sharp decline, hitting a lower circuit. This comes amid Sebi's investigation into promoters Anmol Singh Jaggi and Puneet Singh Jaggi. They are accused of diverting loan funds meant for EV purchases. Sebi has barred them from capital markets. The company's planned stock split is also on hold.
Ukraine's Prime Minister Denys Shmyhal announced that past US aid to Kyiv won't be included in the upcoming minerals deal with Washington. Following meetings with US Treasury Secretary Scott Bessent, Shmyhal emphasised the agreement's compliance with European obligations and Ukrainian law.
Motilal Oswal Financial Services reported its first quarterly loss in five years, with a Q4FY25 net loss of Rs 63.2 crore, driven by a sharp fall in fair value changes. Shares fell 12.6% in two days. Despite the loss, wealth and asset management businesses posted strong growth. The company also approved a Rs 3,000 crore NCD fundraise.
