The Indian market ended higher on Friday, with the Sensex and Nifty reversing an early lull as financial and auto stocks—typically sensitive to interest-rate moves—led the advance after the Reserve Bank of India cut its policy rate by 25 basis points. The S&P BSE Sensex climbed 447 points, or 0.52%, to close at 85,712.37, while…
Shares of Voltas and other consumer durable companies surged up to 20% on Monday as investors cheered the prospect of a GST rate cut boosting the sector. IFB Industries led the rally, climbing 20% to a day’s high of Rs 1,539, followed by PG Electroplast rising 13.6% to Rs 556, Voltas up 10% to Rs…
Shares of PG Electroplast ended with 23% cuts on Friday after the company reported a 20% year-on-year decline in its Q1 consolidated net profit at Rs 67 crore. The decline was even sharper on a sequential basis, plunging 54%. The company had reported a profit after tax (PAT) of Rs 84 crore in Q1FY25 and…