Mumbai: Analysts are mixed about recommending retail investors to participate in BHEL‘s ₹4,422 crore offer for sale (OFS), with views split between caution over valuation and orderbook optimism. Brokerages broadly agree that investors with a medium to long term horizon may find merit in bidding in the share sale. Short term investors, however, are unlikely…
Indian Railway Finance Corporation (IRFC) reported Rs 1,802.19 crore net profit for the third quarter of financial year 2025-26. In a statement to the exchanges, the Navratna said this was its highest-ever profit. The Railway public sector undertaking had reported Rs 1,630.66 crore bottomline for the quarter ending December 2024. Total income for Q3FY26 stood…
Shares of Bharat Heavy Electricals rebounded sharply on Friday, rising as much as 4.8% to Rs 285.50 on the BSE, a day after the stock plunged 10% and hit the lower circuit. The recovery came as investors reassessed reports that India may ease restrictions on Chinese firms bidding for government contracts. The earlier news had…
Market veteran Gurmeet Chadha has raised concerns over the growing spread of unverified or source-based news, especially on expiry days, warning that such disinformation can trigger disorderly market movements and pose systemic risks. In a post on X, Chadha pointed to a series of market-moving claims that surfaced this week, including reports about sanctioned Russian…
The Indian market ended lower on Thursday, with Sensex and Nifty slipping after the U.S. Federal Reserve’s latest rate decision and cautious commentary from Chair Jerome Powell spooked global investors. The S&P BSE Sensex dropped 592.67 points, or 0.70%, to close at 84,404.46, while the NSE Nifty 50 declined 176.05 points, or 0.68%, to end…
Jun 15, 2024, 10:24:53 AM IST In the March quarter of FY24, several companies transitioned from loss-making to profit-making. According to Ace Equity data, Piramal Pharma, Inox Wind Energy, BHEL, Sunteck Realty, Tejas Networks, and others turned profitable in Q4FY24. Here is the list: Shutterstock.com Piramal Pharma clocked a profit of Rs 89.23 crore in…