Author: Market News Desk

MCX shares declined by nearly 7% despite reporting a 54% increase in its Q4FY25 net profit, due to rising costs and lower sequential profits. Key factors impacting the results were a sharp rise in operating expenses, particularly technology and staff costs. The Multi Commodity Exchange of India (MCX), a premier commodity derivatives exchange in India, saw its stock price drop by nearly 7% in today’s trading session, hitting a two-week low of ₹5,600 per share. This decline followed the company’s announcement of its Q4FY25 financial results, which, while showing a 54% year-on-year (YoY) increase in net profit, were negatively impacted…

Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL), and Hindustan Petroleum Corporation (HPCL) have released their Q4 FY25 results amid falling global crude prices. While IOC posted the highest net profit growth, BPCL saw a decline due to lower refining margins. Investors are evaluating which oil PSU stock offers stronger prospects based on financial results and crude oil trends. In a key update from the oil and gas sector, three major state-owned oil marketing companies—Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL), and Hindustan Petroleum Corporation (HPCL)—have declared their financial results for the fourth quarter of FY25, amid continued weakness…

Bharat Earth Movers Limited (BEML), a Public Sector Undertaking (PSU) headquartered in Karnataka, India, has declared a second interim dividend of ₹15 per share for FY25. The record date is set for 15 May 2025. Despite recent stock dips, BEML has delivered strong long-term returns. Bharat Earth Movers Limited (BEML), a state-run enterprise under the Ministry of Defence and headquartered in Bengaluru, Karnataka, has declared a second interim dividend of ₹15 per share for the financial year 2024–25. The announcement was made during the company’s 411th board meeting held on 09 May 2025. The dividend, amounting to 150% of the…

India-based Asian Paints, headquartered in Maharashtra, reported a steep 45% year-on-year drop in net profit to ₹692 crore for Q4 FY25, driven by exceptional losses from overseas divestments and impairments. The company also declared a final dividend of ₹20.55 per share, despite facing subdued consumer demand, muted volume growth, and downtrading across key segments. Asian Paints Ltd, a leading paints and home décor company in India headquartered in Mumbai, Maharashtra, reported a 45% year-on-year decline in consolidated net profit to ₹692 crore for the quarter ending March 31, 2025 (Q4 FY25). The fall came in sharply below market expectations, impacted…

Amid intensifying military tensions between India and Pakistan, Finance Minister Nirmala Sitharaman is set to chair a cybersecurity preparedness review meeting on May 9, 2025. This high-level meeting involves key financial institutions and cybersecurity agencies to safeguard India’s digital banking infrastructure from potential cyber threats. In light of rising hostilities between India and Pakistan, the Indian government is stepping up its cybersecurity measures for the financial sector. Union Finance Minister Nirmala Sitharaman is scheduled to lead a high-level virtual meeting today to assess the cybersecurity preparedness of India’s financial institutions. The meeting, set for 4:30 PM IST, comes amid increased…

Defence stocks such as Bharat Dynamics, BEL, and HAL are surging amid rising India-Pakistan tensions, as investors expect increased demand for military equipment following recent attacks. Defence stocks in India have seen a significant surge in share prices due to heightened tensions between India and Pakistan. Companies like Bharat Dynamics, BEL (Bharat Electronics Limited), and HAL (Hindustan Aeronautics Limited) have experienced a noticeable rally, reflecting investor expectations for increased demand for military equipment. Bharat Dynamics, a leading manufacturer of ammunition and missile systems, has risen by 5% in intra-day trade, while BEL and HAL are up by over 2%. Additionally,…

Ravi Infrabuild Projects Ltd, a civil construction company based in India with operations across Rajasthan, Maharashtra, Uttar Pradesh, and Madhya Pradesh, filed draft papers with the Securities and Exchange Board of India (SEBI) on May 9, 2025, to raise INR 1,100 crore (USD 132 million) through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares, with proceeds aimed at funding construction equipment purchases and repaying existing debt. The company, which specializes in building roads, highways, bridges, and tunnels, holds an order book of INR 3,092 crore. The shares will be listed on BSE and NSE.…

Titan Company, a Tata Group enterprise based in Tamil Nadu, India, saw its shares surge by 4.5% on May 9, 2025, following the announcement of its Q4 FY24 results. The company posted a 13% year-on-year rise in consolidated net profit, reaching ₹871 crore. With a 22% rise in total income to ₹14,049 crore and 23% EBITDA growth, the jewelry-to-watchmaking giant also declared a dividend of ₹11 per share. Titan Company, a leading lifestyle products firm under the Tata Group umbrella, witnessed a sharp 4.5% rise in its share price, touching an intraday high of ₹3,515.75 on the Bombay Stock Exchange.…

PB Healthcare, a newly launched healthcare startup in India led by Policybazaar’s Yashish Dahiya, raised USD 218 million in seed funding on May 9, 2025, to set up a 1,000-bed hospital network in the National Capital Region and accelerate tech-driven healthcare innovation. PB Healthcare, a Gurugram-based healthcare startup founded by Policybazaar promoter Yashish Dahiya, has secured USD 218 million in seed funding to build a 1,000-bed hospital network in the National Capital Region (NCR), India. The company aims to transform the Indian healthcare landscape with a tech-first approach integrating care delivery and insurance. Incorporated on January 1, 2025, PB Healthcare…

The Pakistan stock market witnessed a sharp rebound on May 9, 2025, after suffering significant losses over four consecutive sessions due to rising India-Pakistan tensions. The KSE-100 index, operated by the Pakistan Stock Exchange (PSX), regained investor confidence with an early 2% jump, signaling cautious optimism amid geopolitical uncertainties. The Pakistan Stock Exchange (PSX), headquartered in Karachi, experienced a recovery on Friday, May 9, after enduring a sharp four-day sell-off triggered by escalating tensions with neighboring India. The benchmark KSE-100 index rose as much as 2% in early trade and was up 0.83% or 857 points at 103,531 at the…