Bajaj Finance shares surged nearly 9 percent on Friday to hit a fresh 52-week high after the non-banking financial company reported a 28 percent year-on-year rise in consolidated profit after tax (PAT) for the June quarter of FY27, driven by improved loan quality.The results beat analyst estimates across key metrics and maintaining stable margins despite higher funding costs.The stock climbed 8.68...

Equity benchmark indices extended their gains for another session on July 30, ending around 0.3 percent higher despite negative market breadth. As many as 1,864 shares declined on the NSE, compared to 1,116 shares that advanced. Despite the weak market breadth, the overall trend is expected to remain favourable for the bulls, increasing the possibility of the benchmark indices moving towards their...

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, appointments, and order wins, here’s a quick look at which stocks will be in focus in today's trade:Results TodayMaruti Suzuki India, Bajaj Finserv, ITC, Sun Pharmaceutical Industries, Indian Oil Corporation, GAIL (India), Shree Cement, Bajaj Holdings & Investment, ABB India,...

Nomura maintained its Neutral rating on Cholamandalam Investment & Finance after the company's Q1FY27 results, while raising its target price to Rs 1,820 from Rs 1,730.The brokerage said the company's Q1 net profit of Rs 16.54 billion rose 46% year-on-year and was "supported by 30% year-on-year growth in operating profit and a beat on credit costs." Net profit was "15?at on our estimates and 10?at...

Nomura maintained its Buy rating on Tata Capital and raised its target price to Rs 415 from Rs 400 after the company's Q1FY27 results, saying asset quality remains "well in control."The brokerage said Tata Capital's Q1 net profit of Rs 16.2 billion rose 56% year-on-year and "beat our (and consensus) estimates by 10-11%." The company reported return on assets (ROA) of 2.3% and return on equity (ROE...