HAL Growth Story To Continue For Next Five Years, Says Management

Hindustan Aeronautics's order book is expected to rise to Rs 1.25 lakh crore by FY25, he said.

Bloomberg Quint 

Solar Industries stock jumps 5% on solid Q4 show, Nuvama raises target price

Solar Industries' defence segment clocked sharp growth of 75 percent year-on-year and the firm's management is confident of 3x increase in defence revenues in FY25.

Moneycontrol 

Indian bond yields flattish as US yields rise; buyback eyed

Indian government bond yields stable despite U.S. yield rise. Government reduces T-bill supply by 600 billion rupees. Traders anticipate reduced liquidity deficit. Government to buy back securities.

Economic Times 

BEL Shares Rise To Record High After Q4 Profit Jumps

Net profit rose 30% to Rs 1,797 crore during the quarter ended March 2024.

Bloomberg Quint 

NCGTC audit report of Bandhan Bank’s microloan book will be out soon, say sources

In Q4FY24, the bank wrote off Rs 3,852 crore to cover for the microloans that are under investigation by the NCGTC.

Moneycontrol 

GAIL Expects Transmission Volumes To Grow At Average 10% Over Next Two Years

The city gas distributor's transmission volumes could grow over 10 million metric standard cubic meters per day, each financial year, for next two years.

Bloomberg Quint 

Multibagger defence PSU BEL surges over 9% after Q4 results, earns upgrade from Motilal

BEL shares hit a record high, up 9% after a 30% profit increase and dividend declaration. Brokerages are optimistic about BEL's growth potential, with target prices set by Nomura & Motilal Oswal, citing improved margins & government support for the defence sector.

Economic Times 

Delhivery shares crash 12% on higher-than-expected Q4 loss. Should you buy, sell or hold?

Delhivery shares plummeted 12% to Rs 383.90 as higher losses in Q4 disappointed investors. CLSA downgraded the stock to underperform, citing revenue growth below expectations. Despite some positive metrics, profitability concerns persist, with analysts revising target prices.

Economic Times 

Stock Of The Day: Kalpataru Projects Signs Rs 7,550 Crore Project With Aramco — Key Levels

Here's everything you need to know about the three project that the company signed with Saudi Arabia's Aramco

Bloomberg Quint 

CG Power shares fall 3.5% after block deal; FII investor likely seller

CNBC Awaaz reported, citing sources, that an FII shareholder of CG Power is likely to have sold stake worth Rs 425 crore through a block deal.

Moneycontrol 

Mankind Pharma’s large fund-raising plan irks investors

The company took an enabling resolution to raise an aggregate amount up to Rs 7,500 crores to pursue M&A opportunities

Moneycontrol 

Tesla Shareholder Group Slams Elon Musk’s $56 Billion Pay Package

A coalition of Tesla Inc. shareholders is urging other investors to reject a $56 billion pay package for Chief Executive Officer Elon Musk at the company’s June 13 annual meeting, posing a threat to one of the world’s largest fortunes.

Bloomberg Quint 

Nvidia CEO Jensen Huang says Dell partnership is key in its push to expand AI

Dell is one of the largest providers of computing infrastructure to government agencies and businesses — a market that Nvidia doesn’t directly serve.

Moneycontrol 

ONGC Q4 profit jumps 19x to Rs 9,869 crore

Revenues fell 4.5% from a year earlier to ₹34,637 crore in the fourth quarter. The operational cost fell 12% in a year to ₹25,456 crore in the quarter on lower exploration cost write-off.

Economic Times 

NMDC, Eris Lifesciences, Metropolis Health, JK Tyre Q4 Results Today — Earnings Estimates

Here are the earnings estimates of major companies that are scheduled to announce their results on Tuesday.

Bloomberg Quint 

SAIL Q4 net profit declines 3% to Rs 1,126 crore

SAIL Q4: Revenue stood at Rs 27,958.52 crore, down four percent from the previous year, the company said in an exchange filing

Moneycontrol 

Go Digit IPO allotment expected soon: Check status, GMP, listing date and other details

After a strong response for the IPO, Virat Kohli-backed Go Digit Insurance is likely to finalise the share allotment on Tuesday. The issue was booked nearly 10 times at close on strong interest from retail and institutional buyers.

Economic Times