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Adani Energy Solutions Ltd (AESL), the electricity transmission arm of the Adani Group, on Thursday reported an 87 per cent rise in March quarter profit to Rs 714 crore, aided by a one-time exceptional income.
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News and Media
Markets closed lower Thursday, with Sensex falling 315 points and Nifty down 82, pressured by Reliance and banks. Gains in SAMHI Hotels, Niva Bupa, and Dalmia Bharat cushioned losses.
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News and Media
Tech Mahindra reported a significant surge in its Q4 consolidated net profit, marking a 76% year-over-year increase to reach Rs 1,167 crore, accompanied by a 4% rise in revenue. The company's board recommended a final dividend of Rs 30 per share. Deal wins stood at $2.7 billion, reflecting a 42% YoY increase.
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News and Media
Bernstein's MD, Venugopal Garre, maintains a positive outlook on the Indian market with a Nifty target of 26,500, citing improvements in macro conditions and potential rate cuts. Despite global uncertainties and trade tensions, Garre anticipates better capital expenditure and consumption, though not enough for extraordinary returns. Portfolio strategy emphasizes domestic recovery candidates with some defensiveness, overweighting financials, telecom, and utilities.
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News and Media
Pankaj Pandey suggests a potential US tariff leeway for certain auto segments, benefiting companies like Tata Motors. While cautioning against a broad-based approach to exporters due to potential US slowdown, Pandey favors domestic-driven sectors like banking and cement. He highlights positive developments in the BFSI sector and strong performance from Dalmia Bharat, indicating a recovery for the cement industry.
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News and Media
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