News Overview

Among the traded stocks, 1785 advanced, 1407 declined, and 90 remained unchanged.

Following a month-long engagement between SEBI and FirstCry, the regulator sent back the company's filings last week, seeking additional clarity.

The company's net profit surged due to higher net interest margins and an improvement in asset quality.

M&M's stock performance has been robust this year, surging over 23%, surpassing the 4% gain observed in the benchmark Nifty 50 index.

The company has received a Letter of Intent (LoI) from Gujarat Industries Power Company Limited (GIPCL) for the supply deal.

Its interest revenue increased by 55% year on year to ₹492 Crore from ₹318 Crore in FY24, while assets under management increased by 34% to ₹10,593 Crore.

The Company, its officers, and authorised signatories were asked to explain why an input tax credit of ₹27,46,14,343 should not be recovered.

In addition to generating power from waste heat, the company intends to build a 1,800 TPD sulphuric acid plant to cover its own phosphoric acid production demands.

NTPC's total installed and commercial capacity on a standalone and group basis have reached 59,135 MW and 76,015 MW, respectively.

Investors with very high risk appetite should invest in the HDFC Manufacturing Fund for 5 or more years.