UBS has initiated coverage on multiple industrial and infrastructure power Original Equipment Manufacturers with a buy rating. The brokerage believes that OEMs are expected to see significant growth given UBS sees profits will increase 3.7 times from FY20-25 to FY25-30.
Shree Cement’s Q1 FY26 results were a mixed bag, with revenue and Ebitda/tonne in line with estimates, but volumes and Ebitda below expectations. Dolat Capital maintains ‘Reduce’ rating with a revised target price.
Siemens Energy India Ltd. share price hits a new high after the company’s Q3 profit surges over 80% and new orders jump 94% to Rs 3,290 crore. Get the latest updates on the Indian stock markets and top stocks in focus.
Godfrey Phillips India Ltd. share price hits a record high after the company’s net profit increased by 56% in the April-June quarter. Get the latest updates on the Indian stock market, including Nifty levels and Q1 results.
IndusInd Bank’s share price jumped 5.55% after the appointment of Rajiv Anand as managing director and chief executive officer, bringing new hopes for investors after a tumultuous period for the bank.
ABB India’s Q2 CY25 results were lower than estimates due to margin pressure and sluggish ordering activity. Motilal Oswal maintains ‘Buy’ rating with a revised target price of Rs 6,000.
Aditya Infotech Ltd. made a strong debut on the stock market, listing at a premium of over 50% on exchanges. Get the latest updates on the company’s IPO and its performance on the Indian stock market.
Laxmi India Finance Ltd. made a disappointing debut on the Indian stock markets, listing at a 13% discount to its issue price. What does this mean for investors and the future of the company?
Reliance Power shares plummeted 5% to hit lower circuit as Anil Ambani is set to appear before ED for questioning in a Rs 17,000 crore bank loan fraud-linked money laundering case.
Siemens Energy India reported strong Q3 results with 20% YoY revenue growth and 19.1% Ebitda margin, driven by power transmission segment. Motilal Oswal maintains ‘buy’ recommendation with revised target price.