Business

16

Apr

By The Press Editor

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Business

Wipro Q4 results: IT stock in focus ahead of quarterly results, buyback announcement

Mumbai: Shares of IT services company Wipro will be in focus during the trading session as the company is set to announce its financial results for the January-March quarter of the financial year 2025-26. Along with the results, the board of directors of the company would consider a share buyback, and investors are also expecting some announcement related to the annual dividend. The meeting holds significance as it comes in the backdrop of the company holding a cash balance of Rs 41,510 crore as of the third quarter, the highest among the top five IT firms. The IT company has…

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16

Apr

By The Press Editor

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Business

5,924% return in 5 years: Stock in focus after company secures fresh orders from India Railways

Mumbai: Shares of Hyderabad-headquartered MIC Electronics Limited (MICEL), a smallcap company engaged in the design, development and manufacturing of electronic and telecommunications equipment, are in focus as the company has received two fresh orders from the Indian Railways. The order is related to enhancing passenger information systems and telecom infrastructure across multiple railway divisions. Amid this update, the stock opened at Rs 41.44 against the previous close of Rs 40.51 on the BSE. It gained further to touch the high of Rs 42.34, representing a gain of 4.52 per cent from the previous close. Despite Sensex falling over 1000 points…

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16

Apr

By The Press Editor

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Business

FMCG stock hits upper circuit after receipt of export order worth Rs 2.02 billion, check details

Mumbai: Shares of diversified FMCG company Elitecon International Ltd jumped 5 per cent and were locked in the upper circuit at Rs 41.47 after the company informed exchanges that it has been awarded a major long-term supply contract valued at approximately Rs 2.02 billion or Rs 202 crore from an entity based in Johannesburg, South Africa. Amid this update, the stock opened in green at Rs 40 against the previous close of Rs 39.50 on the BSE. The counter gained further to touch the high of Rs 41.47, a gain of 5 per cent from the previous close. The market…

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16

Apr

By The Press Editor

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Business

Steel stock in focus as company infuses Rs 50 crore into new energy subsidiary for battery project, details here

Mumbai: Shares of Godawari Power & Ispat Ltd (GPIL) are in focus as the company has announced a further investment of Rs 50 crore in its wholly-owned subsidiary, Godawari New Energy Private Limited (GNEPL). Following this update, the stock started the trading session in green amid gains in benchmark indices Sensex and Nifty, as renewed optimism surrounding progress in restarting US–Iran negotiations has helped ease immediate geopolitical concerns and driven crude oil prices lower. While the 30-share BSE Sensex was up by 619 points to 78,730.32, the 50-share NSE Nifty jumped 169.65 points to 24,400.95. Amid this, the counter opened…

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16

Apr

By The Press Editor

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Business

Gold gains on MCX, silver jumps 1.5% amid weakness in US dollar | Check city-wise rates

Mumbai: Rates of precious metals in futures inched higher on Thursday, April 16, 2026, as the US dollar weakened. The gold June 5 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 703 at Rs 1,54,651 per 10 grams against the previous close of Rs 1,53,948. It later touched an intraday high of Rs 1,54,990, a jump of Rs 1,042 or 0.67 per cent. Last seen, it was trading at Rs 1,54,756 with a gain of Rs 808 or 0.52 per cent. On the MCX, the yellow metal futures for August 2026 were up by Rs…

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16

Apr

By The Press Editor

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Business

HDB Financial Services shares surge over 13% as March quarter profit up 41%, check details

Mumbai: Shares of HDB Financial Services, a NBFC arm of HDFC Bank, are in action after the company announced its quarterly results for the quarter ended March 31, 2026, on Wednesday after market hours. The non-banking financial company has reported a 41.4 per cent growth in profit after tax at Rs 751 crore for the quarter under consideration. Following this, the stock opened gap up with a gain of 12.33 per cent at Rs 723.60 against the previous close of Rs 644.20 on the BSE. Amid a spurt in volume by more than 15.86 times, the scrip surged to hit…

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16

Apr

By The Press Editor

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Business

Market Opening Bell: Sensex, Nifty open higher, Indigo, Trent among top gainers

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, continued their upward momentum on Thursday amid strong global cues, with Brent crude remaining steady at around USD 95. While the 30-share BSE Sensex gained 566.32 points or 0.72 per cent to start the session at 78,677.56, the Nifty gained 153.9 points to open at 24,385.20. In the last trading session, the Sensex closed at 78,111.24 and the Nifty 50 at 24,231.30. Similarly, the broader indices traded in the green in the opening session. While the BSE Midcap Select Index added 100.11 points, the BSE Smallcap Select Index was up by 63.89…

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15

Apr

By The Press Editor

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Business

Kanpur-Lucknow Expressway to be inaugurated soon, here’s how much the toll cost will be for one-way travel

Lucknow: The Lucknow-Kanpur Expressway, connecting Uttar Pradesh's capital, Lucknow, to the industrial city of Kanpur, is set to be operational soon. Ahead of the inauguration, the National Highways Authority of India's regional office in Lucknow has finalised toll charges. According to project director Nakul Prakash Verma, these rates will become effective as soon as vehicular traffic begins on the expressway. 186% more expensive  The most surprising aspect of this expressway is its toll rates. Currently, the one-way toll for a car on the Lucknow-Kanpur Highway (NH-27) is Rs 95, while on the new expressway it will be Rs 275. This…

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15

Apr

By The Press Editor

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Business

Delhi-NCR records 26% YoY growth in new residential launches in Jan-Mar quarter of 2026

New Delhi: Following a long phase of prudence, where launches were well-thought-out and risks were carefully assessed, the residential real estate market in Delhi-NCR seems to have picked up its pace once again. As per the Cushman & Wakefield report on ‘Delhi-NCR Residential Q1 2026’, there is a reported 26 per cent year-over-year (YoY) growth in the number of launches. NCR recorded 9,677 new residential unit launches in Q1 2026, marking a 32 per cent fall over the previous quarter, and 26 per cent higher on a YoY basis. The majority of the launches in Q1-26 were in peripheral locations,…

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15

Apr

By The Press Editor

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Business

Stock under Rs 50 gains nearly 7% as markets rally, company recently received LoA from Indian Railways

Mumbai: Shares of Hyderabad-headquartered MIC Electronics Limited (MICEL) gained nearly 7 per cent on Wednesday amid a rally in the benchmark indices Sensex and Nifty. Indian benchmark indices mirrored a rally in global markets and a drop in crude oil prices below the USD 100 per barrel mark, amid hopes of renewed talks between the United States and Iran. The 30-share BSE Sensex jumped 1,422.85 points to 78,270.42 in early trade. The 50-share NSE Nifty climbed 438.25 points to 24,280.90. Amid this, the stock started the trading session in the green at Rs 39.09 against the previous close of Rs…

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