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VST Industries shares fell over 4% on Wednesday after reporting a 25% YoY drop in Q1 FY27 net profit to Rs 42 crore and a 13% drop in revenue. The cigarette maker cited higher tax incidence, weak operating margins, and Middle East geopolitical tensions as key drag factors on performance.
Eternal shares have surged over 20% in the past month. Analysts largely maintain a bullish outlook on the food delivery major. Experts highlight robust growth levers supporting future performance. Technical indicators suggest a positive shift in the stock’s medium-term trend. The company’s stock is currently trading below its October peak.
Hindustan Unilever (HUL) shares rebounded 2.2% after brokerages retained bullish views despite the FMCG major reporting a 3% YoY decline in Q1 FY27 net profit that missed estimates. Revenue rose 10% to Rs 17,341 crore, driven by its strongest underlying sales growth in 13 quarters. The profit decline was due to a one-off tax credit…
Shree Balaji (Mala) Textiles is set for its stock market debut today on the BSE SME platform. The company’s shares are showing a strong grey market premium of 80%. Its recent IPO received an overwhelming subscription of over 186 times overall. Proceeds from the issue will primarily strengthen the company’s working capital needs. Shree Balaji…
Inox Wind secured a repeat 200 MW turnkey order from NLC India worth Rs 1,600 crore. This project involves end-to-end execution and will be commissioned within twenty-four months. The company’s order book now stands at 4.7 GW, strengthening its market position. Inox Wind’s CEO expressed confidence in growth visibility and timely project delivery. The company…
On July 28, four Nifty 500 stocks, including Radico Khaitan and Kalyan Jewellers, closed above their Volume Weighted Average Price (VWAP). According to StockEdge data, trading above VWAP indicates that buyers paid above the day’s volume-weighted average, signalling potential short-term bullish momentum across these counters.
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…
Manipal Health Enterprises’ Rs 9,275-crore IPO opens for subscription on July 29 with a muted grey market premium of around 2%, signalling limited listing gains. The hospital chain plans to use proceeds to reduce debt and fund acquisitions. While most brokerages recommend subscribing for the long term, several caution that the IPO’s premium valuation caps…
Ferns N Petals aims for an initial public offering by late 2028. The company plans to fund expansion and acquire other gifting brands. Annual revenue growth of approximately twenty-five percent is targeted. The retailer will also expand its store network to three hundred fifty locations. This move supports growth in India and international markets.