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India's market regulator SEBI has granted a No-Objection Certificate for the National Stock Exchange's IPO, clearing a major hurdle for its long-awaited public listing.
The National Stock Exchange's long-awaited IPO is set to proceed after SEBI granted its in-principle approval, clearing a major regulatory hurdle from the co-location case.
Ambuja Cements' shares fell over 4.6% after its December quarter results revealed a significant drop in operating margins and EBITDA, despite higher sales volumes.
Greenpanel Industries reports a 20% rise in Q3 net profit to ₹10.2 crore and a 15.8% revenue increase, driven by a significant margin expansion to 9.8%.
Syrma SGS Technology shares surged over 10% after the company reported a 108% year-on-year increase in net profit for the third quarter of FY26.
Canara Bank's CEO projects stable net interest margins around 2.45-2.50% and continued robust credit growth, driven by strong performance in its retail, agriculture, and MSME loan portfolio.
Borosil Renewables anticipates maintaining EBITDA margins of 30% or higher, driven by stable solar glass prices, full capacity utilization, and strong domestic demand.
Insecticides India's stock dropped over 9% after the company reported a 39.7% year-on-year decline in Q3 net profit, driven by narrowing margins and higher costs.
Strides Pharma Science reports a significant jump in Q3 net profit to ₹202 crore, leading to a 10% stock surge, driven by margin expansion and a stable US business outlook.
Brokerage firms like ICICI Securities and Antique Stock Broking are bullish on Adani Power, setting a target price of ₹187 due to aggressive capacity expansion plans.
Capri Global Capital reports a 99% year-on-year increase in net profit and a 47% rise in AUM for Q3 FY26, driven by strong growth across all lending segments.
Msafe Equipments' SME IPO concludes with a staggering 81 times oversubscription, as strong demand from all investor categories signals a robust grey market premium of 21%.
Strides Pharma Science reports a significant rise in third-quarter net profit, primarily driven by a one-time gain of Rs 102.14 crore from an investment property sale.
FMCG major Nestle India reports a strong Q3 FY26, with a 46% year-on-year net profit increase to Rs 1,018.1 crore and a declared interim dividend.
Syrma SGS Technology shares surged up to 11% after reporting a 45% year-on-year revenue increase to ₹1,264 crore and significant margin expansion in its third-quarter results.
Prestige Estates Projects reports a seven-fold increase in Q3 net profit to ₹222.6 crore, with total income more than doubling to ₹3,885.5 crore.