Yes Bank Ltd Shares Edge Lower on NSE Amid Valuation Focus Yes Bank Ltd shares traded slightly lower on the National Stock Exchange of India on May 28, 2026, closing at INR 22.76, reflecting a 0.31% decline from the previous day’s close. The stock, listed under the ticker YESBANK on the NSE and on the BSE, remained within its 52-week trading range of INR 18.20 to INR 28.90, positioning it near the middle of this range as of late May 2026. Market participants continued to monitor the bank’s credit growth, non-performing asset (NPA) trends, and deposit mobilization strategies, as these factors remain critical for assessing the broader domestic banking sector’s health. The stock’s recent performance was characterized by muted volatility, with the price hovering around INR 22.76 on May 28, according to live market data from NSE-focused price trackers. Broader market dynamics, including the performance of domestic indices and sector-specific news, also influenced trading activity. Derivatives commentary for the May 29 session highlighted key support levels near INR 22.72 and resistance around INR 22.97, indicating that traders in India’s futures and options (F&O) segment were closely watching a tight near-term trading band. These levels were being evaluated alongside macroeconomic indicators and sector-specific developments. Investors are increasingly focusing on valuation metrics for Yes Bank Ltd, particularly how the current share price in the low-20s rupee range aligns with the bank’s financial performance and balance sheet strength. While comprehensive valuation ratios such as price-to-earnings (P/E) and price-to-book (P/B) are typically derived from the most recent annual and quarterly financial statements, market participants are using available data to compare Yes Bank with its peers.#bse #idfc_first_bank #national_stock_exchange_of_india #yes_bank_ltd #tradegate
Small-Cap Stock Jay Bharat Maruti Surpasses 20% Upper Circuit Amid Strong Profit Growth The shares of Jay Bharat Maruti, an auto component manufacturer, surged dramatically on Wednesday despite a broader market decline. The stock hit a 20% upper circuit at 103.24 rupees on the BSE, marking a significant rally in a falling market. This performance highlights the company’s strong financial health and investor confidence, even as broader market conditions remain volatile. Jay Bharat Maruti’s financial results for the January-March 2025-26 fiscal quarter reveal a remarkable 287% increase in net profit, reaching 79.59 crore rupees compared to 20.56 crore rupees in the same period the previous year. This growth was further amplified by a 36.79 crore rupee tax rate benefit, which bolstered the company’s profitability. The surge in net profit reflects improved operational efficiency and strong demand for its products. The company’s revenue also saw substantial growth, rising 25.44% year-over-year to 766.01 crore rupees, up from 610.65 crore rupees in the prior year. EBITDA, a key indicator of operational profitability, increased by 57.53% to 91.90 crore rupees, compared to 58.34 crore rupees in the same period. These figures underscore the company’s ability to generate consistent returns and strengthen its market position. Investors are also optimistic about the company’s dividend policy. The board has proposed a final dividend of 0.70 rupees per share for the 2025-26 fiscal year, based on a face value of 2 rupees. This decision signals the company’s commitment to rewarding shareholders while maintaining financial flexibility. Technical analysts have noted the stock’s strong performance, with market expert Anshul Jain highlighting a robust breakout after a prolonged consolidation phase.#2026 #bse #jay_bharat_maruti #anshul_jain #2025_26_fiscal_quarter
Wipro Shares Surge 3% Amid Share Buyback Consideration After Three-Year Gap Shares of Wipro, one of India’s leading IT firms, rose as much as 3% to their day’s high of Rs 209 on the BSE on Friday after the company announced it would consider a share buyback proposal alongside its fourth-quarter results, scheduled for April 16. This development follows a sharp decline in the stock, which has fallen more than 20% so far this year. If approved, the buyback would mark Wipro’s first such initiative in three years, with the last exercise occurring in 2023, when the company repurchased shares worth approximately Rs 12,000 crore. Details regarding the buyback size, pricing, and execution route remain undisclosed. The move signals a potential capital allocation strategy amid a challenging environment for IT stocks, which have faced volatility in recent months. The sector, including Wipro, has been under pressure due to an AI-driven downturn that has eroded billions in market capitalization. Despite this, the company emphasized a cautious but stable near-term outlook. For the March 2026 quarter, Wipro guided IT services revenue in the range of $2.64 billion to $2.69 billion, indicating flat to 2% sequential growth in constant currency terms. Wipro is also reshaping its strategy to align with the growing importance of artificial intelligence. CEO Srini Pallia highlighted that AI is becoming a key differentiator, noting increased adoption of AI-led platforms, scaling of delivery through internal frameworks, and expansion of the company’s global innovation network. However, the company warned of margin pressure in the fourth quarter, citing factors such as the Harman DTS acquisition, growth investments, deal mix, and potential wage hikes.#bse #wipro #elara_capital #srini_pallia #harman_dts
DMart Shares Post Biggest Single-Day Gain Since February 10, 2020; Here Is Why Shares of Avenue Supermarts, the parent company of the DMart retail chain, surged to their largest single-day gain in over six years on April 1, 2026, as the stock climbed as much as 8.42% to hit an intraday high of ₹4,294.80 on the National Stock Exchange. On the BSE, the stock rose 8.37% to ₹4,293, driven by the company’s recent announcement of expanding its retail footprint across India. This marked the most significant daily movement in DMart’s stock since February 10, 2020, reflecting investor optimism about the retailer’s growth strategy and financial performance. The stock’s rally followed a series of filings by Avenue Supermarts, which disclosed the opening of 23 new retail stores across the country in late March 2026. The expansion brought the company’s total store count to 500, with new locations added in multiple cities and towns. The company’s aggressive rollout included 23 stores opened in a single week, with the latest batch of 12 new locations announced on March 29, 2026. These additions included cities like Pune, Chennai, Lucknow, and Ahmedabad, as well as smaller towns such as Bilaspur and Zundal. The expansion efforts were highlighted by specific announcements made by Avenue Supermarts on consecutive days. On March 28, the company reported opening a DMart store at Gopalan Arcade Mall in Bengaluru, raising its store count to 478. By March 29, three new stores were added in Nagpur, Ghaziabad, and Jabalpur, bringing the total to 481. On March 30, seven new stores were launched in cities like Gandhinagar, Salem, and Mysore, pushing the count to 488. The following day, the company announced 12 more stores, including locations in Pune, Cuttack, and Greater Noida, which brought the total to 500.#india #bse #national_stock_exchange #avenue_supermarts #dmart
Stock Market Holiday: BSE, NSE Shut for Ram Navami on March 26 Indian equity markets will remain closed on Thursday, March 26, 2026, in observance of Ram Navami. Trading across equity, equity derivatives, and Securities Lending and Borrowing (SLB) segments will be suspended on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Regular market activity is set to resume on Friday, March 27. This will be followed by another holiday on March 31 for Mahavir Jayanti, creating a shortened trading week for investors. In the commodities segment, the National Commodity & Derivatives Exchange (NCDEX) will remain closed for the entire day. However, the Multi Commodity Exchange of India (MCX) will operate in a split session, with the morning session closed and trading resuming in the evening from 5:00 PM to 11:55 PM. Under normal conditions, Indian stock markets operate from Monday to Friday, with the main trading session running from 9:15 AM to 3:30 PM. A pre-open session occurs between 9:00 AM and 9:15 AM. Markets are closed on weekends and notified public holidays. Ram Navami, which marks the birth of Lord Rama, is observed with religious fervor across India, particularly in Ayodhya. The festival falls on the final day of the nine-day Chaitra Navaratri period, during which devotees observe fasts and prayers. Following Ram Navami, markets will remain closed on the following dates in 2026: March 31 for Mahavir Jayanti, April 3 for Good Friday, April 14 for Dr. Baba Saheb Ambedkar Jayanti, May 1 for Maharashtra Day, May 28 for Eid al-Adha, June 26 for Muharram, September 14 for Ganesh Chaturthi, October 2 for Mahatma Gandhi Jayanti, October 20 for Dussehra, November 10 for Diwali (Balipratipada), November 24 for Guru Nanak Jayanti, and December 25 for Christmas.#bse #nse #ram_navami #mahavir_jayanti #ncdex
Powerica IPO: Apply Now or Post-Listing? Market Expert Anil Singhvi Weighs In The initial public offering (IPO) of Powerica Ltd entered its second day of public subscription on Wednesday, March 25, 2026. Market expert Anil Singhvi, Managing Editor at Zee Business, provided insights into the company’s business model, highlighting both its strengths and potential risks. The IPO’s share allotment is expected to be finalized on March 30, 2026, with the stock likely to list on the BSE and NSE on April 2, 2026. As of 10:50 am on the subscription day, the IPO had received limited investor interest, with bids for 2.13 lakh shares out of the total net offer, resulting in a subscription ratio of 0.01 times. Qualified Institutional Buyers (QIBs) had not yet submitted bids for their reserved 58.56 lakh shares. Non-Institutional Investors (NIIs) had applied for 18,389 shares out of 43.92 lakh allocated, while Retail Individual Investors (RIIs) had booked 0.02 times the allotted shares, with 1.81 lakh bids out of 1.02 crore shares. Singhvi emphasized that the power sector is poised for growth, but Powerica must demonstrate stronger future expansion. He advised high-risk investors to consider applying for the IPO long-term, while low-risk investors could apply now but should set a strict stop-loss level at the IPO price of Rs 395. Alternatively, he suggested low-risk investors might wait to purchase the stock post-listing. Singhvi’s analysis of Powerica’s business profile included several key points. The company, established since 1984, has a well-established business model and partnerships with major players like Cummins, Hyundai, and GE Vernova. It maintains a strong presence in diesel generator (DG) sets and wind power solutions, positioning itself to benefit from rising demand for data center and backup power solutions.#bse #nse #anil_singhvi #zee_business #powerica_ltd
Stock market holiday: BSE, NSE will remain shut on March 26 for Ram Navami The Indian equity markets will be closed on Thursday, March 26, 2026, to mark the occasion of Ram Navami. Trading and settlement activities across all segments, including equity, equity derivatives, and Securities Lending and Borrowing (SLB), will be suspended on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Regular trading is expected to resume on Friday, March 27, 2026. This holiday follows the market’s closure for Mahavir Jayanti on March 31, which is also scheduled for the same month. The 2026 stock market holiday calendar includes several public holidays, such as Shri Mahavir Jayanti on March 31, Good Friday on April 3, Dr. Baba Saheb Ambedkar Jayanti on April 14, Maharashtra Day on May 1, Bakri Id on May 28, Muharram on June 26, Ganesh Chaturthi on September 14, Mahatma Gandhi Jayanti on October 2, Dussehra on October 20, Diwali-Balipratipada on November 10, Prakash Gurpurb/Sri Guru Nanak Dev on November 24, and Christmas on December 25. Commodity markets will also observe partial closures. The National Commodity & Derivatives Exchange (NCDEX) will remain shut for the entire day, while the Multi-Commodity Exchange (MCX) will operate on a split session. The morning session will be closed, but trading will resume in the evening from 5:00 PM to 11:55 PM. In addition to the holiday notice, the article highlights recent market activity, including a surge in the Sensex and Nifty indices during the pre-open session. Asian markets also saw gains following reports of potential de-escalation in the West Asia conflict. U.S. stock futures turned positive after President Donald Trump indicated productive discussions with Iran on resolving hostilities. However, Wall Street closed lower on Tuesday, with the S&P 500 and Dow Jones ending down slightly.#bse #nse #ram_navami #sebi #ncdex
Stock Market Holidays for Ram Navami 2026 and Other Festivals The Indian stock market will remain closed for trading on March 26, 2026, which falls on Thursday, to commemorate Shri Ram Navami. This decision is in line with the BSE holiday calendar, which also designates March 31, 2026, as a market holiday for Shri Mahavir Jayanti. Equity, derivatives, and currency segments will be shut on March 26, with operations resuming on March 27. The commodity market (MCX) will close in the morning but will reopen for the evening session. The market closure on March 26 is part of a series of scheduled holidays in 2026. Other notable dates include April 3 for Good Friday, April 14 for Dr. Baba Saheb Ambedkar Jayanti, May 1 for Maharashtra Day, May 28 for Bakri Id, June 26 for Muharram, September 14 for Ganesh Chaturthi, October 2 for Mahatma Gandhi Jayanti, October 20 for Dussehra, November 10 for Diwali-Balipratipada, November 24 for Prakash Gurpurb Sri Guru Nanak Dev, and December 25 for Christmas. Investors are advised to refer to the official exchange calendar for any updates or changes to these dates. On March 24, 2026, equity benchmarks BSE Sensex and NSE Nifty closed higher, driven by value buying and optimism following US President Donald Trump’s announcement of a five-day pause in attacks on Iran. The Sensex rose 1,372.06 points, or 1.89%, to 74,068.45, while the Nifty gained 399.75 points, or 1.78%, to 22,912.40. This surge reflected relief in the West Asia conflict and positive sentiment among traders. The article also highlights additional stock-related developments, including a 20% jump in Urban Company shares after SBI MF’s stake purchase and analyst insights on shares of BEL, HAL, Power Mech, Welspun Corp, M&M, Tata Motors CV, and Maruti.#bse #mcx #shri_ram_navami #dr_baba_saheb_ambedkar_jayanti #mahatma_gandhi_jayanti
Vedanta Ltd's Third Interim Dividend and Demerger Plan Spark Buy Recommendations Vedanta Ltd, a major player in the metals sector, is set to announce its third interim dividend for the fiscal year 2025-26 on March 23, 2026. The company, known for its consistent dividend payouts, is expected to reveal details of the dividend during the announcement. Investors are advised to monitor the stock ahead of the event, as the company’s stock ended lower by 3% the previous week, potentially presenting a buying opportunity. The stock price of Vedanta Ltd closed at Rs 672.60 on BSE on March 22, 2026, marking a 1.12% increase. Despite this rise, the stock closed the week with a 2.6% decline, though it has gained nearly 12% year-to-date. The stock is currently trading below its 52-week high of Rs 770, which could attract traders looking for a rebound. Vedanta’s dividend history is notable, with the company having distributed at least 45 dividends since September 2003. In the last 12 months, it awarded up to Rs 23 per share for FY26, resulting in a current market yield of 3.4%. Additionally, the company has executed two bonus issues of 1:1 each in February 2005 and August 2008, and a 1:10 split in August 2008. To be eligible for the third interim dividend, investors must hold Vedanta shares as of the record date, which is set for March 28, 2026. However, the stock will trade ex-dividend on March 27, meaning purchases after that date will not qualify for the dividend. The dividend announcement coincides with Vedanta’s demerger plan, which is in the execution phase. The demerger will split the company into five separate entities, with a ratio of 1:5.#bse #vedanta_ltd #hindustan_zinc #bofa_securities #vedanta_oil_gas
Power Finance Corporation Announces 32.50% Dividend, Sets Ex-Date and Payment Timeline Shares of Power Finance Corporation (PFC) are set to trade ex-dividend soon, with investors advised to monitor the ex-date and record date to qualify for the upcoming dividend payment. The State-owned power finance company has declared a fourth interim dividend of Rs 3.25 per equity share, representing a 32.50% return on the face value of Rs 10. This marks another milestone in the company’s dividend history, following previous interim payouts of Rs 4, Rs 3.65, and Rs 3.70. The record date for the dividend has been fixed at March 23, 2026, which means shareholders must hold their shares by this date to be eligible for the payout. The ex-date, which is the last day to purchase shares to receive the dividend, coincides with the record date on March 23, 2026. Investors who transact on or before this date will be included in the list of shareholders for the dividend distribution. The dividend payment is scheduled to be made to eligible shareholders on or before April 16, 2026. This follows the company’s earlier announcement of an interim dividend of Rs 4 per equity share, which was paid out with an ex-date of February 20, 2026. The current dividend reflects the company’s ongoing efforts to reward shareholders while maintaining financial stability amid market fluctuations. PFC’s shares closed the previous trading session at Rs 417.80 on the BSE, reflecting a 2.78% increase from the previous close of Rs 406.50. This upward movement highlights the positive sentiment surrounding the company’s financial performance and its ability to deliver consistent returns to investors. The dividend announcement comes against a backdrop of mixed market conditions, with equity benchmark indices expected to open flat on March 18, 2026.#bse #power_finance_corporation #rs_3_25 #rs_10 #march_23_2026
Rs 3.25 Dividend per share: PSU company rewards shareholders; record date fixed The board of Power Finance Corporation (PFC), a Maharatna public sector undertaking, approved a fourth interim dividend of Rs 3.25 per equity share for the fiscal year 2025–26. The face value of each share is Rs 10. This decision was announced following a board meeting held on March 17, 2026, which also approved a significant fundraising plan for the upcoming fiscal year. The dividend announcement came as PFC shares surged over 2 per cent on Tuesday, with the stock price climbing as high as 2.9 per cent to Rs 419.35 on the BSE. By 3:20 pm, the shares were trading 2.73 per cent higher at Rs 416.00. The company’s decision to distribute profits to shareholders reflects its commitment to rewarding investors while balancing financial obligations. Dividends are portions of a company’s profits distributed to shareholders. The board of directors typically declares these payouts, which are calculated per share. For instance, if a shareholder owns 100 shares, they would receive Rs 325 for the Rs 3.25 per share dividend. The record date for this payout was set as March 23, 2026, meaning only shareholders registered on that date will be eligible. The dividend is scheduled to be paid on or before April 16, 2026. The record date serves as a cutoff for determining eligibility. Investors must hold shares before this date to receive the dividend. Those purchasing shares on or after the record date will not qualify for the payout. This mechanism ensures the company accurately identifies its entitled shareholders. In addition to the dividend, PFC approved a fundraising plan of up to Rs 1.6 lakh crore for FY 2026–27. The company plans to raise funds through a mix of domestic and overseas debt instruments.#board_meeting #bse #power_finance_corporation #maharatna_public_sector_understanding #dividend_announcement
MOIL shares surge 18% from 52-week low as manganese ore production, sales rise to highest level in 5 years Shares of MOIL, the country’s leading manganese ore producer, surged 18% on Tuesday, March 17, 2026, after the company reported record production and sales levels for manganese ore. The stock hit an intraday high of ₹283.20 on the BSE, up 14% from its 52-week low of ₹242.35, driven by strong performance metrics. MOIL disclosed in an investor presentation that its manganese ore production reached 18.03 lakh metric tonnes in the 2024-25 fiscal year, while sales climbed to 15.88 lakh metric tonnes—the highest level in five years. The company also noted that its total income for the period hit a five-year peak at ₹1,696 crore, up from ₹1,543 crore in the previous year. However, the company reported a decline in revenue from operations for the first nine months of the current financial year, which dropped 8% to ₹1,056 crore. Profit after tax also fell 34% to ₹175 crore, compared to ₹266 crore in the same period last year. Looking ahead, MOIL outlined plans to enhance its production capabilities and profitability. The company aims to establish new beneficiation plants at various mines to process low-grade ore and improve product quality. It also plans to promote agglomeration through briquetting to convert fines and low-grade materials into saleable products. Additionally, MOIL intends to explore and expand overseas markets to address accumulated low-grade inventory and unlock new revenue streams. The company set a target to produce 3.5 million metric tonnes of manganese ore by 2030, which would increase its market share from 20% to 32% by that year. On the BSE, trading volume spiked as 5.57 lakh MOIL shares were traded, significantly higher than the average of 63,000 shares traded daily in the past two weeks.#nifty50 #bse #moil #manganese_ore #investor_presentation
Stock Market Holiday: BSE and NSE Remain Open During Ugadi, Gudi Padwa, and Eid-ul-Fitr Indian stock markets will stay open during a series of festivals in March 2026, including Ugadi, Gudi Padwa, and Eid-ul-Fitr, as these dates do not appear on the official trading holiday calendar of the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE). The exchanges have confirmed that trading will continue across all segments—equities, derivatives, currency, and commodities—on these days. The BSE and NSE holiday calendar for March 2026 does not include Ugadi, which falls on March 19, or Gudi Padwa, observed on March 20. Eid-ul-Fitr, celebrated on March 21, coincides with a Saturday, meaning markets will remain closed due to the weekend rather than the festival itself. The exchanges have designated three official trading holidays for the month: March 3 for Holi, March 26 for Ram Navami, and March 31 for Mahavir Jayanti. These are the only full-day closures, aside from regular weekend holidays. Ugadi, marking the New Year in southern states like Andhra Pradesh, Telangana, Karnataka, and Maharashtra, is a significant cultural event. However, the stock market calendar does not recognize it as a holiday. Similarly, Gudi Padwa, a traditional festival in Maharashtra, and Eid-ul-Fitr, observed by Muslims across India, do not trigger trading shutdowns. The article emphasizes that while these festivals are widely celebrated, market operations follow a pre-defined schedule, and not all public or regional holidays result in trading pauses. Investors and traders are advised to consult the official exchange calendar to avoid confusion and plan trades effectively. The article highlights that the latter half of March will feature multiple cultural and religious observances, but market activities will remain uninterrupted.#eid_ul_fitr #bse #nse #gudi_padwa #ugadi
Top Stocks to Buy Today: March 17, 2026 Recommendations The article provides stock market recommendations for March 17, 2026, highlighting specific stocks with buy ranges, stop-loss levels, and target prices. For MCX, the recommendation suggests buying within the range of Rs 2,555 to Rs 2,556, with a stop-loss at Rs 2,425 and a target of Rs 2,700. The stock is noted to be consolidating in a range on the daily chart, forming higher tops and bottoms above the 20 and 40 DEMA lines. Momentum indicators are positive, showing strength, with key resistance at Rs 2,624 and support at Rs 2,450. Power Finance Corporation Limited is recommended for purchase between Rs 406 and Rs 407, with a stop-loss at Rs 384 and a target of Rs 445. On the weekly chart, the stock broke out of a descending trendline and formed a base at the 200 DEMA level (Rs 391). Analysts expect a breakout on the upside, with momentum indicators showing a positive crossover above the zero line. Key resistance is at Rs 426, and support is at Rs 391. BSE is advised to be bought within the range of Rs 2,857 to Rs 2,858, with a stop-loss at Rs 2,710 and a target of Rs 3,070. On the weekly chart, the stock is forming a reversal from a key demand zone. The daily chart shows a breakout from a consolidation zone, with support from the 20 and 40 DEMA lines. Momentum indicators are positive, indicating strength, with resistance at Rs 3,030 and support at Rs 2,775.#stock_market #bse #mcx #power_finance_corporation_limited #daily_chart
Bandhan Bank Share Price Plummets 10% Amid Market Volatility The stock of Bandhan Bank experienced a significant decline, dropping by 10% as of 1.50 pm on the National Stock Exchange (BSE). The shares were trading at approximately Rs 159.50, reflecting a sharp 9.19% decrease from previous levels. Investors and market analysts are now closely examining the factors contributing to this sudden downturn. A key development in the market was the decision by brokerage firm JM Financial to upgrade Bandhan Bank’s stock rating from "Reduce" to "Add." Alongside this change, the firm adjusted its target price for the stock to Rs 160. This move suggests that JM Financial has revised its outlook on the bank’s performance and potential for future growth. However, the immediate drop in share price indicates that market sentiment remains cautious despite the positive rating change. The decline in Bandhan Bank’s stock price could be attributed to a combination of factors, including broader market trends, regulatory developments, or shifts in investor confidence. While the brokerage’s upgrade may signal optimism about the bank’s prospects, the market’s reaction highlights the sensitivity of investor sentiment to external pressures. Analysts are now likely to scrutinize recent financial reports, strategic initiatives, and macroeconomic indicators to determine whether the downturn is a temporary fluctuation or a sign of deeper concerns. The timing of the price drop also raises questions about its connection to other market events or sector-specific challenges. Bandhan Bank, a prominent player in the Indian financial sector, has faced scrutiny in recent months over issues such as liquidity concerns, competition, and evolving regulatory requirements.#bse #national_stock_exchange #jm_financial #bandhan_bank #indian_financial_sector
ITI shares surge 15%, post best day in 14 months amid spike in trading volumes Shares of the state-run telecom equipment and smart meters maker ITI posted their best day in over a year on Monday, March 16, in a highly volatile trading session. ITI shares rose as much as 15%, its biggest intraday gain since January 6, 2025, to hit an intraday high of ₹279 on the National Stock Exchange (NSE). On the BSE, ITI shares also jumped 15% amid a sharp spike in trading volumes. The surge followed a dramatic increase in trading activity, with the stock’s volume jumping 167 times to over 5.38 crore shares compared to an average of 3.22 lakh shares. On the BSE, 34.78 lakh shares were traded, far exceeding the average of 25,000 shares in the past two weeks. The sharp rise in ITI shares came despite the company’s recent financial performance, which included a net loss of ₹25 crore in the third quarter of the current financial year, compared to a loss of ₹49 crore in the same period last year. Revenue from operations dropped 50% to ₹515 crore, down from ₹1,034 crore in the year-ago period. However, ITI reported stable operational performance, with EBITDA at ₹26 crore, compared to an EBITDA loss of ₹11 crore in the previous quarter. The surge in ITI shares also coincided with broader market movements, as the NIFTY 500 index closed lower by 0.65% at 1:30 pm. ITI shares traded 9% higher at ₹264.85, outperforming the benchmark index. Separately, a parliamentary panel has urged the power ministry to accelerate the installation of smart meters across the country. The report highlighted that the pace of smart meter deployment has fallen far below targets, with only 5.83 crore meters installed by February 15, 2026, against a government target of 25 crore by March 2025.#parliamentary_panel #bse #national_stock_exchange #iti #smart_meters
ITI Share Price Surges Over 15% in Volatile Trade Amid Heavy Volumes Shares of state-run telecom product maker ITI Limited rose sharply on the bourses during the week’s first trading session, driven by strong investor demand. The company’s share price climbed as high as 15.18% to ₹279.10 per share on the NSE on Monday, March 16, 2026. Despite the gains, ITI shares remained more than 25% below their 52-week high of ₹372.85, recorded on October 8, 2025. By 01:15 PM, the stock was trading at ₹268.40, reflecting a 10.77% increase from its previous close of ₹242.30. Meanwhile, the Nifty 50 index fell 0.09% to 23,129. The surge in ITI’s share price was supported by heavy trading volumes. A combined total of 54.77 million equity shares, valued at ₹1,489.16 crore, were exchanged on the BSE and NSE during the day. The company’s market capitalization rose to ₹25,703.73 crore on the NSE. Year-to-date, ITI shares had declined 12.66%, slightly outperforming the Nifty 50’s 11.55% drop. Financial data from Q3FY26 revealed mixed results. The company reported a net loss of ₹48.9 crore, narrowing from ₹101.3 crore in the same period the previous year. Revenue from operations surged 299.73% to ₹1,034.5 crore, driven by strong operational performance despite rising raw material costs. However, the company’s Ebitda loss widened to ₹10.6 crore from ₹43.5 crore in Q3FY25. Key financial metrics highlighted in the report included a trailing twelve months (TTM) EPS of -1.53 (standalone) and -2.10 (consolidated), with cash EPS at -0.83 (standalone) and -1.26 (consolidated). The price-to-earnings (PE) ratio stood at -179.31 (standalone) and -130.76 (consolidated), while the return on equity (ROE) was -9.29%. The price-to-book (PB) ratio was 16.63, according to BSE data.#nifty_50 #bse #nse #iti_limited #iti_share_price
Bandhan Bank shares plunge over 12% amid promoter exit speculation Shares of Bandhan Bank Ltd fell sharply by 12.22% on Monday, reaching a low of Rs 154.15 in trading. The decline was marked by unusually high trading volumes, with approximately 9.43 lakh shares changing hands on the BSE—more than double the two-week average of 4.21 lakh shares. The stock’s turnover amounted to Rs 15.45 crore, reducing the lender’s market capitalisation to Rs 25,791.65 crore. The steep drop followed reports suggesting Bandhan Financial Services, the bank’s promoter, is considering exit strategies for certain long-term investors. In response, both the BSE and NSE requested clarification from Bandhan Bank. As of the latest update, the bank had not yet provided a formal response. The exchange filing noted that on March 16, 2026, the stock was cited in news reports linking the price decline to "promoter exploring stake sale, IPO to facilitate investor exits." The exchange’s query for clarification remains pending. From a technical perspective, the stock was trading below all key simple moving averages, including the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day levels. The 14-day Relative Strength Index (RSI) stood at 38.91, indicating a weak but not extreme oversold condition. A level below 30 typically signals oversold conditions, while values above 70 suggest overbought status. According to BSE data, Bandhan Bank’s standalone price-to-earnings (P/E) ratio was 25.44, and its price-to-book (P/B) ratio was 1.19. The company reported standalone earnings per share (EPS) of Rs 6.25, with a return on equity (RoE) of 4.25%. Trendlyne data revealed the stock’s one-year beta of 1.3, reflecting relatively high volatility compared to the market. Meanwhile, promoter holdings in the bank decreased slightly to 39.#bse #nse #bandhan_bank #bandhan_financial_services #bandhan_bank_shares
AI Stock Soars 18% After Revising FY28 Growth Expectations Shares of Happiest Minds Technologies Limited surged nearly 18 percent on the BSE on Tuesday after the company revised its FY28 growth expectation to 15 percent, citing progress in its AI-First strategy and strategic initiatives. The stock, currently trading at Rs. 383.55, is up around 13 percent from its previous closing price of Rs. 340.15. The company reaffirmed its strong growth trajectory, supported by expanding opportunities in AI-driven technology services and improving client traction. The market cap of the IT firm stands at Rs. 5,840.5 crores, but its stock has delivered negative returns of approximately 45 percent over the past year and fell by more than 2 percent in the last month. According to disclosures filed with stock exchanges, the company raised its FY27 growth outlook to 12.5 percent, up from an earlier estimate of 10 percent. Management attributed the revision to growing confidence in the positive impact of its AI-First strategy and other initiatives on business momentum. The updated guidance suggests the company aims to achieve around 15 percent growth in FY28. The company’s strategic initiatives, including its AI-First approach, have been central to its growth plans. In March 2025, Happiest Minds announced 10 strategic initiatives designed to strengthen its long-term growth roadmap. These initiatives were intended to support a revenue growth expectation of about 10 percent in constant currency over four years. One key initiative was the launch of the Generative AI Business Services (GBS) segment, which has since expanded its capabilities and gained client acceptance.#bse #ai_first_strategy #happiest_minds_technologies_limited #generative_ai_business_services #fy28_growth_expectations
Cupid Ltd Shares Surge 15% on Bonus Issue, Trading Volume Jumps 35 Times Average Shares of Cupid Ltd surged during Monday’s trading session, with the stock climbing nearly 13% to reach an intraday high of Rs 92.90 on the NSE. On the BSE, the stock rose as much as 15% amid heightened buying interest. The rally followed the company’s shares beginning to trade ex-bonus, which triggered a sharp increase in demand. The stock’s upward movement was driven by the 4:1 bonus share issue, which adjusted the share price to reflect the additional shares issued to existing shareholders. Ex-bonus trading often leads to increased liquidity and investor participation, as the per-share price becomes lower. This adjustment made the stock appear more affordable, attracting traders and boosting volume. Trading volumes for Cupid Ltd spiked significantly, with the NSE reporting 4.97 crore shares traded, a 34.57x increase compared to the 2-week average of 43.64 lakh shares on the BSE. The surge in activity was attributed to the ex-bonus status, which typically encourages higher participation. The stock’s performance also reflected strong quarterly results, as the company’s financials showed substantial growth. Cupid Ltd reported revenue from operations of Rs 93.51 crore in Q3 FY26, up 101.7% year-on-year from Rs 46.35 crore in Q3 FY25. Total income reached Rs 104.40 crore, compared to Rs 50.76 crore in the same period last year. Net profit after tax rose to Rs 32.87 crore, a 196.6% increase from Rs 11.08 crore in Q3 FY25. Basic and diluted earnings per share (EPS) were Rs 1.22, up from Rs 0.41 in the prior-year quarter. The company’s market capitalization stands at around Rs 12,331 crore, with minimal debt. Financial metrics include a return on capital employed (ROCE) of 17.1% and a return on equity (ROE) of 12.9%.#bse #nse #cupid_ltd #bonus_issue #q3_fy26
