Private lender Axis Bank Ltd.'s shares tumbled over four percent in early trade on April 25, as investors showcased their disappointment with the bank's earnings report for the fourth fiscal quarter.Axis Bank reported a standalone net profit of Rs 7,118 crore in the March quarter of the previous financial year, marginally lower than Rs 7,130 crore in the corresponding quarter last year. However, t...

Patel Engineering share price extended the gains on fifth consecutive session, rising 5 percent in the early trade on April 25 following the company declared as a lowest bidder (L1) for projects worth Rs 2,036.89.crore.At 09:20 am, Patel Engineering Company was quoting at Rs 46.60, up Rs 2.25, or 5.07 percent, on the BSE.NEEPCO has declared a Mumbai-based infrastructure company as L1 for a Rs 718 ...

Consumer staples bellwether Hindustan Unilever Ltd.'s shares will be in focus on April 25 amid the FMCG player's announcement to shift its strategy towards prioritising growth at the expense of margins, following its quarterly earnings update for March FY2025.The management’s intention in lowering EBITDA margins range of 22–23 percent (down 100 basis points) is to dial up investments across al...

Shares of SBI Life Insurance were the top gainers on Nifty 50 index, rising by over 7 percent in trade on April 25 following the March quarter results and positive comments by key brokerages.Nomura has maintained its Buy rating with a target price of Rs 1,800, while Motilal Oswal also reiterated its Buy rating with a more optimistic target price of Rs 2,000.The performance also reflected strong gr...

The Nifty 50 snapped its seven-day winning streak and closed 0.3 percent lower on April 24, the expiry day for April F&O contracts, due to profit booking, after trading within the previous day's range. This warranted consolidation is expected to continue over the next couple of sessions, with crucial support at 24,000 (the 50 percent Fibonacci retracement). According to experts, if this support ho...