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Bloomberg Quint
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Belrise Industries Share Price Falls Snapping Two-Day Rally
- Belrise Industries share price fell nearly 2% on Thursday, ending a two-day rally triggered by a 'buy' rating by Jefferies.
- The stock surged 13% over the last two trading sessions driven by strong growth prospects and attractive valuations highlighted by the brokerage.
- Belrise Industries, a key player in the two-wheeler metal component market in India, aims to replicate its success in the four-wheeler segment according to Promoter Sumedh Badve.
- With the stock price falling 1.71% to Rs 114.50 apiece, the one analyst tracking the company maintains a 'buy' rating with a 12-month consensus price target suggesting a 15.9% upside.
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Bloomberg Quint
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558
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Vedanta Shares Flat Ahead Of Anil Agarwal's AGM Speech Amid Viceroy Controversy
- Vedanta Group is facing controversy following a report by Viceroy Research alleging financial unsustainability and risk to creditors.
- The group dismissed the report as misinformation and baseless allegations aimed at discrediting them.
- Vedanta shares remained flat ahead of Anil Agarwal's AGM speech, with the company claiming the report was meant to create false market sentiment.
- Analysts have a mixed outlook on Vedanta shares, with most recommending a buy and an average price target implying a 17% upside potential.
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Bloomberg Quint
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205
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Indian IPOs Set To Raise Up To $18 Billion In Second-Half Surge
- India's primary market is expected to raise up to $18 billion through IPOs in the second half of 2025, with companies like Tata Capital Ltd., ICICI Prudential Asset Management Co., and others planning to go public.
- The surge in IPO offerings follows a slow start in the first half of the year, with $5.3 billion raised from IPOs. The rebound is attributed to a buoyant stock market and strong performances of companies like HDB Financial Services Ltd.
- Investor confidence is on the rise due to foreign inflows and aggressive monetary easing by the central bank, despite initial market volatility. More than 50 IPOs are expected to tap the market by year-end.
- Among the notable IPOs anticipated in the second half are e-commerce company Meesho Ltd., stock broking firm Groww Invest Tech Pvt., and eyewear-maker Lenskart Solutions Ltd.
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Bloomberg Quint
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480
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Bharat Dynamics Bags 'Neutral' Rating As Motilal Oswal Initiates Coverage — Here's Why
- Motilal Oswal has given Bharat Dynamics a 'Neutral' rating as they initiate coverage.
- Bharat Dynamics is focusing on scaling up its revenues and order book, but with fair valuations, Motilal Oswal suggests looking for lower price points to enter the stock.
- Bharat Dynamics' stock is currently trading at 70x/52x/38x P/E on FY26/27/FY28 estimates.
- The company specializes in developing advanced guided missiles, underwater weapons, and airborne products. They hold an order book of ~Rs 227 billion and have a prospect pipeline of Rs 500 billion.
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Bloomberg Quint
3d
394
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India Urges Fast-Tracked Review Of ASEAN FTA Amid Termination Buzz
- India is urging a fast-tracked review of the ASEAN Free Trade Agreement (FTA) amid concerns of termination due to lack of progress.
- Commerce and Industry Minister Piyush Goyal held discussions with his Malaysian counterpart to facilitate the ongoing review.
- The FTA, criticized in India for imbalanced trade benefits, has been under review since 2019 and may face termination if core concerns remain unaddressed.
- India has expressed dissatisfaction with the agreement, highlighting that benefits lean towards ASEAN nations, and has opened a significantly higher percentage of tariff lines compared to some ASEAN member countries.
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Bloomberg Quint
3d
664
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Greenply Industries — Yes Securities Preferred Stock In Building Materials Segment; Q1 Results Preview
- Yes Securities prefers Greenply Industries in the building materials segment as demand shows initial improvement in the woodpanel sector.
- The brokerage anticipates a better margin profile for Greenply Industries with timber pricing peaking out.
- Demand remains subdued for various segments like plastic pipes, woodpanels, ceramics, and tiles according to Yes Securities.
- Brokerage advises caution on the sector due to expensive valuations of major plastic pipe companies despite recent stock price increases.
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Bloomberg Quint
3d
374
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PFC, REC Share Prices Spike After Morgan Stanley Initiates Coverage
- Shares of Power Finance Corp. (PFC) and Rural Electrification Corp. (REC) surged after Morgan Stanley initiated coverage with an 'overweight' rating.
- PFC's share price rose by nearly 3%, while REC's share price increased by 2.58%.
- Morgan Stanley's report projected PFC and REC to achieve a 12% compound annual growth rate in loans from fiscals 2025 to 2028, with an average return on investment of 17-19%.
- The stocks were deemed attractive with a projected price-to-earnings ratio of 5-6 times for fiscal 2027, supporting sustainable loan growth and a dividend yield of 3.8-4.5%.
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Bloomberg Quint
3d
338
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Earnings To Show A Rebound? JPMorgan Bullish On Healthcare, Capital Goods And These Sectors
- JPMorgan expects earnings recovery for Indian corporates in Q1FY26 amidst economic rebound.
- Healthcare, insurance, capital goods exhibit strength while banks, IT, autos face challenges.
- Metal, oil & gas sectors show mixed performance; market outlook remains range-bound.
- JPMorgan bullish on banks, consumer, hospitals, real estate, defense, and power sectors.
- Overall, Nifty 50 likely to trade between 26,500 and 30,000 targets in next months.
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Bloomberg Quint
4d
379
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SEBI Probing Spright Agro For Suspicious Share Issue Activities | Profit Exclusive
- SEBI is currently investigating Spright Agro Ltd. for multiple violations related to share issues and suspicious trading activities from August 2023 to April 2025.
- Red flags emerged during significant transformations in the company's financials, capital structure, and stock price, leading to SEBI's probe.
- The investigation focuses on preferential allotments, share splits, bonus issues, rights offerings, and offloading of shares by non-promoters, raising concerns about possible control and dilution.
- The company's reported financial improvements coincided with changes in leadership, with the probe ongoing while investors await further developments.
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Bloomberg Quint
4d
549
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VinFast Inducts 200 Employees For Its Upcoming Tamil Nadu Plant
- VinFast Auto India, a subsidiary of VinFast, has inducted 200 employees for its upcoming facility in Tamil Nadu, with plans to begin operations in Tuticorin.
- The recruitment process involved a large-scale drive in April with 344 diploma students from the region participating, aiming to generate 3,500 jobs over the next 5 years.
- VinFast collaborated with local institutions, supported by District Collector K Elambahavath and the State Industries Department, to identify suitable candidates for the workforce.
- VinFast Asia CEO Pham Sanh Chau commended the local authorities for their role in talent development, emphasizing the company's commitment to investing in Tamil Nadu's potential and fostering regional growth.
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Bloomberg Quint
4d
80
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TCS Q1 Results Today: Dividend News, Earnings Live Streaming, Share Price And More
- Tata Consultancy Services (TCS) is set to release its Q1FY26 financial results after market hours today, followed by an earnings conference call with analysts and investors.
- If declared, an interim dividend will be paid to shareholders by July 16 based on the register or depository records.
- TCS's leadership team will hold a press conference at 5:30 p.m., which will be livestreamed on various platforms, discussing the company's performance and taking investor questions.
- TCS share price was trading slightly higher at Rs 3,387.60 apiece as of 9:35 a.m. today, while the Nifty50 was trading flat.
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Bloomberg Quint
4d
630
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ITR Filing: All You Need To Know About Income Tax Return Forms For Senior Citizens
- Senior citizens need to choose the right Income Tax Return (ITR) form depending on their income sources to avoid filing errors.
- ITR forms designated for senior citizens include ITR-1, ITR-2, ITR-3, and ITR-4 based on income from various sources.
- Super senior citizens (above 80 years) have the option to file ITR-1 or ITR-4 on paper if not claiming a refund, providing assistance to those less familiar with online filing.
- Selecting the correct ITR form is crucial for smooth processing, swift refunds, and minimizing the risk of rejections, emphasizing the importance of seeking advice from tax advisors when needed.
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Bloomberg Quint
4d
19.5k
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TCS Share Price Falls Ahead Of Q1 Result Announcement
- TCS share price fell by 0.50% ahead of Q1 results announcement.
- Analysts expect modest revenue growth in constant currency terms with support from foreign exchange gains.
- Key financials from the previous quarter showed revenue, EBIT, and net profit slightly below estimates.
- Investors are awaiting updates on discretionary spending, deal wins, sector performance, and employee costs in the upcoming results.
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Bloomberg Quint
4d
72
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Samsung Galaxy Z Fold 7 Vs Google Pixel 9 Pro Fold: Size, Specs, Display, Camera, Price Compared
- Samsung has recently launched the Galaxy Z Fold 7, comparing it to Google's Pixel 9 Pro Fold in terms of specs, features, display, camera, price, and more.
- The Galaxy Z Fold 7 is thinner and lighter than the Pixel 9 Pro Fold, with a more substantial display and advanced camera features.
- In terms of chipset, the Galaxy Z Fold 7 packs a more advanced processor compared to the Pixel 9 Pro Fold.
- While both devices are similarly priced, the Galaxy Z Fold 7 offers better specs, making it a more compelling option.
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Bloomberg Quint
4d
98
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Q1 Results Today: TCS, IREDA, Tata Elxsi Among 17 Companies To Announce Earnings On July 10
- The earnings season for the first quarter of the financial year 2025-26 will start with TCS releasing its results on July 10.
- 17 companies, including TCS and IREDA, are expected to announce their earnings for Q1FY26 on July 10.
- The Q1 results will provide insights into companies' financial health, growth prospects, debts, challenges, and sectoral trends.
- TCS reported modest revenue growth in the previous quarter, with consolidated net profit declining year-on-year.
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