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Cipla’s Q4 FY26 net profit fell 55% to Rs 554.6 crore as revenue slipped 2.8% and expenses rose 8.5%; the board recommended a Rs 13 final dividend.
Cipla’s Q4 FY26 net profit fell 55% to ₹554.6 crore as revenue slipped 2.8% and expenses rose 8.5%; board proposed a ₹13 per share dividend.
Indian IT stocks slid to near three-year lows after OpenAI unveiled a $4 billion-backed Deployment Company and agreed to acquire Tomoro, intensifying AI disruption fears.
Hindustan Zinc shares climbed after India raised silver import duty, while brokerages flagged valuation comfort, expansion plans and Vedanta’s stake-sale actions driving near-term focus.
India has lifted import duties on gold and silver to 15% from 6%, a move aimed at reducing forex pressure, narrowing the trade deficit, and supporting the rupee.
Sensex ended 12 May 2026 at 74,559, down 1.92%, after swinging between 75,742 and 74,449, while broader indices and Bank Nifty stayed positive.
India raised gold and silver import duty to 15% from 6% from May 13, 2026, pressuring jewellery stocks and pushing MCX bullion prices to upper circuits.
Berger Paints reported a 27.5% YoY rise in Q4FY26 consolidated PAT as revenue grew 6.1%, while management tracked demand recovery amid raw material inflation and high competition.
Tata Power fell over 6% after Q4FY26 numbers showed profit and revenue declines, while brokerages issued mixed calls with targets ranging from ₹300 to ₹504.
JK Tyre has completed the merger of subsidiary Cavendish Industries after NCLT approval, bringing Indian tyre operations under one listed entity and formalising a 92:100 share swap.
India’s CPI inflation rose to 3.48% in April 2026, below the RBI’s 4% target, as food inflation accelerated to 4.20% led by tomatoes and jewellery.
Vodafone Idea shares rose over 7% after reports of a promoter-led confidence capital infusion, ahead of a May 16 board meeting to consider equity or warrants.
Over 100 Indian companies are set to report Q4FY26 earnings on May 13, with Airtel, Cipla, DLF, PFC and HPCL drawing investor attention.
Bharti Airtel’s Q4FY25 saw a sharp profit jump aided by a tax gain and higher ARPU, while brokerages reiterated targets ahead of FY26 earnings expectations.
RBI Governor Sanjay Malhotra said higher crude prices, the West Asia conflict and possible El Niño-linked shocks are raising upside risks to India’s inflation outlook and policy trade-offs.
Berger Paints shares rose up to 9% after Q4 FY26 profit jumped over 27% on 11.8% volume growth and improved margins, even as management flagged macro risks.