Stock Market News

Balaji Telefilms anticipates improved FY26, driven by film and digital unit growth.

Expectations from FY27 include benefits from scaled movie business and steady TV sector.

Source: Business Standard

Orient Cement received an Income Tax Order for AY 2022-23, reducing tax demand from Rs. 19.6 crore to Rs. 4.9 lakh.

The order rectified a transfer pricing adjustment and allowed a deduction of Rs. 11.3 crore. Orient Cement plans to appeal.

Source: BSE

Orient Cement's tax assessment for AY 2022-23 was rectified by IT authorities.

Transfer Pricing adjustment reduced taxable income by ₹41.2 crore. Tax demand revised to ₹4.9 lakh.

Source: ScoutQuest

Authum Investment & Infrastructure Ltd acquired 3.4 shares of OneSource Specialty Pharma Ltd.

The transaction, valued at INR 796.4 crores, aims for a strategic stake in the specialty pharma CDMO business.

Source: ScoutQuest

HBL Engineering Ltd receives a letter of acceptance from South Central Railway to upgrade Kavach Version 3.2 to Version 4.0.

The contract is valued at Rs. 30.7 Crores and covers 350 kms, to be completed in 24 months. Total order book is Rs. 4029.05 Crores.

Source: BSE

Muthoot Capital Services Ltd released its ALM statement for May 2025, detailing outflows totaling 4,338.8 million INR.

Inflows also matched the outflows at 4,338.8 million INR, with a cumulative mismatch of 0.00.

Source: BSE

Voltbek JV reports FY25 revenue growth of 39.5% to ₹2,235.5 cr, narrowing losses to ₹241.9 cr.

Volume growth robust at 57% YoY, outperforming industry single-digit growth in key categories.

Source: Business Standard

DLF Ltd plans to invest ₹5,500 cr in a luxury housing project, DLF Privana North, in Gurugram.

The 18-acre project in Sector 76-77 will have over 1,150 apartments, aiming for record sales bookings.

Source: Business Standard

Tata Steel aims for 15 MT production via recycling in 10-15 years, shifting from linearity to circularity, says CEO T V Narendran.

The company plans to increase steel capacity to 40 MT by 2030 in India and transition to electric arc furnace in UK.

Source: News18

Anand Rathi Wealth opened lower, losing 4.7%, underperforming its sector by 0.97% after two days of gains. Despite this, it gained 12.6% over the past month, outperforming Sensex's 0.5% rise.

Technical indicators reveal mixed trends; mildly bullish weekly MACD but bearish monthly outlook. With a beta of 1.2, it shows higher volatility, indicating potential for larger price swings.

Source: Marketsmojo

Indian markets, including Sensex and Nifty50, dropped due to intensified Iran-Israel tensions. Sectors sensitive to crude oil, like OMCs, aviation, paints, and tyres, saw declines.

Defense stocks may benefit from heightened tensions. Rising crude prices impact OMCs, aviation, and others, with limited upside for Bank Nifty. Focus on defense, IT, and energy sectors.

Source: The Economic Times

Action Construction Equipment Ltd to hold analyst/investor meet on June 18, 2025, at 3:30 PM.

The meeting will be a one-on-one virtual session, subject to schedule changes due to exigencies.

Source: BSE

Bank of Maharashtra reports FY 2025 EPS of ₹7.5, up from ₹5.8 FY 2024. Revenue rose 28% to ₹113.2b, net income 36% to ₹55.4b.

Profit margin increased to 49%, driven by higher revenue. Shares are down 1.2% from a week ago. Retail Banking Operations contributed ₹124.7b.

Source: Simply Wall Street

Mutual Funds increased equity in Wipro, HCL, Tech Mahindra; decreased in TCS, Persistent, Coforge in May.

DIIs, primarily mutual funds, recalibrate IT stock positions based on fundamentals and future prospects.

Source: Zee Business

SRF Limited reported annual revenues of ₹147b, 2.5% above expectations, with EPS of ₹42.2 aligning with forecasts. Analysts predict revenue growth of 14% annually until 2026, matching industry growth rates.

Consensus price target remains at ₹2,917; analysts show no major changes in expectations. SRF maintains steady revenue growth, and estimates suggest balanced industry growth. Long-term earnings power is emphasized over short-term gains.

Source: Simply Wall Street

The market cap of 8 top firms fell by ₹1.65 trillion, with HDFC Bank leading losses.

The BSE benchmark dropped 1,070.39 points or 1.3% last week, reflecting a bearish trend.

Source: Business Standard

M.P. Agro Industries Ltd. announced its financial results for Q4 and year ended March 2025, with the board approving audited financial results. The meeting on 30th May 2025 also reappointed M/s. J. J. Gandhi & Co. as Secretarial Auditors and M/s. Jain Monika & Associates as Internal Auditors for FY 2025-26.

The company's audited financial results show compliance with SEBI regulations, presenting a true view of net profit and comprehensive income for the year ended March 31, 2025. The company declared an unmodified audit opinion on its financial results.

Source: BSE

RailTel Corp recommends a final dividend of Rs. 0.85 per share for FY 2024-25. An interim dividend of Rs. 2 per share was already paid.

A new secretarial auditor has been appointed for a term of 5 years.

Source: ScoutQuest

Ind Swift Laboratories' share price rose 46% this month but remains down 8.2% over the past year. The company's P/S ratio of 1.4x is low compared to industry standards where P/S ratios of 2.7x or even 6x are common.

The revenue decline of 61% last year and 52% over three years contributes to its low P/S ratio. Investors doubt Ind Swift's revenue growth potential, keeping its valuation below industry median.

Source: Simply Wall Street

R R Kabel Ltd faces a commercial suit in Bombay High Court for alleged wrongful termination of a CEO agreement.

Plaintiff Dinesh Aggarwal claims Rs. 24.99 Cr. damages plus 18% interest. The company will consult legal counsel for further actions.

Source: BSE

R R Kabel faces a lawsuit in Bombay High Court for alleged wrongful termination of its CEO, seeking Rs 250 crore damages.

The plaintiff also demands 18% interest. R R Kabel will evaluate and determine its next legal actions.

Source: ScoutQuest

Hero FinCorp raises ₹260 crore in a pre-IPO round, reducing fresh issue size to ₹1,840 crore from ₹2,100 crore.

Hero FinCorp is the financial services arm of Hero MotoCorp.

Source: Business Standard

IDFC First Bank's stock saw 10.5 million shares traded, but underperformed its sector by 0.3% with a 3.4% decline over four days.

Investor participation waned, with delivery volume down 51.2% on June 12. Despite this, liquidity supports a trade size of Rs 7.2 crores.

Source: Marketsmojo

Dabur India (NSE:DABUR) shares fell 3.1% last week, marking a 23% decline over the past year, underperforming the market's 1% drop.

Despite a 4.1% EPS decline, long-term shareholders gained 2% per year over five years, suggesting potential for long-term growth.

Source: Simply Wall Street

SPML Infra Ltd's shares gained 26% in the last month, lifting its P/S ratio to 2.3x, despite a 42% revenue drop over the past year.

Investors remain bullish, but continued revenue decline risks share price and may lead to overvaluation compared to industry peers.

Source: Simply Wall Street

Cyient DLM's FY 2025 EPS surpassed expectations by 3.4%, while revenues fell short by 2.7%. Revenue rose 28% to 15.2b, driven by India's segment.

Net income increased by 11%, but profit margin dropped to 4.5% due to higher expenses. Shares fell 5.5% over the past week.

Source: Simply Wall Street

Tata Communications' stock will trade ex-dividend on June 19. The ₹25.00/share dividend follows a 1.5% trailing yield on the ₹1706.00 share price.

Tata Communications' 44% payout ratio and 67% of free cash flow support dividend sustainability. Earnings per share rose 13% annually over five years.

Source: Simply Wall Street

ONGC performs strongly in a mixed large-cap market, while Canara Bank declines. Market sentiment is cautious with more stocks declining than advancing.

Pidilite, GAIL have mildly bullish outlooks; BPCL's stance is optimistic. SBI Life and HCL Tech show cautious positive evaluations amid a pressured large-cap index.

Source: Marketsmojo

Tamil Nadu leads in average loan outstanding per account in microfinance, as per MFIN.

Bihar has the largest portfolio outstanding, followed by Tamil Nadu and Uttar Pradesh.

Source: The Hindu

NCLT admits insolvency application against Gensol EV Lease for INR 2.19 billion, filed by IREDA.



Source: MarketScreener India