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Mrs Bectors Food shares surged sharply on Thursday after Sunil Singhania-led Abakkus Investment Managers acquired 29.4 lakh shares through a block deal. The purchase boosted investor sentiment despite the stock’s recent underperformance, while analysts continue to maintain a ‘Strong Buy’ rating, expecting around 35% upside from current levels.
MRPL shares surged over 11% on Thursday after the company reported a strong Q1FY27 performance. Revenue nearly doubled year-on-year to Rs 41,609 crore, while the company returned to profitability with a PAT of Rs 915 crore, compared with a net loss of Rs 272 crore a year ago, driven by robust operational performance and improved…
ICICI Lombard shares tumbled 15% after the insurer reported a 46% YoY decline in Q1 FY27 net profit to Rs 403 crore, hit by large fire claims and the Supreme Court’s Motor TP verdict. While gross premium income rose 7.5% to Rs 8,318 crore, the combined ratio worsened to 107.2% from 102.9% a year ago.
Paytm parent One97 Communications will consider its first-ever bonus share issue alongside its June-quarter results on July 20. The proposal comes after the company reported its first full-year profit in FY26 and amid rising domestic institutional ownership, with mutual funds and insurers increasing their stakes in the fintech major.
Taiwan Semiconductor Manufacturing Co. is expected to report another record quarterly profit. Robust global demand for artificial intelligence infrastructure continues to fuel advanced semiconductor orders. Analysts anticipate a significant year-on-year jump in net profit for the April-June quarter. This sustained momentum underscores the ongoing strength in AI-driven semiconductor demand. TSMC’s market value has surged, making…
The SBI Funds Management IPO entered its final day of bidding with strong investor interest, having been subscribed 2.77 times by Day 2, led by robust NII demand. A 16% grey market premium indicates healthy listing prospects. Brokerages Nirmal Bang and Anand Rathi have recommended subscribing, citing the AMC’s market leadership, strong distribution network, profitability…
Alpine Texworld’s IPO is in its final bidding day, drawing investor interest. The public issue was subscribed eighty percent by the second day. Retail investors showed strong participation, subscribing eighty-six percent of their quota. The company plans to use funds for capacity expansion and debt reduction. Shares are expected to list on stock exchanges on…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…