Indian stock markets are poised for continued optimism, with analysts anticipating new record highs for Nifty and Sensex by year-end, contingent on supportive global cues and domestic earnings. October saw a significant rally driven by strong corporate results, FII inflows, and easing global yields, though some consolidation is expected due to higher valuations.
Saregama, a part of RPSG Group, saw a slight dip in its September quarter performance. Net profit fell 2% year-on-year to Rs 44 crore. Revenue from operations also declined 5% to Rs 230 crore. The company declared an interim dividend of Rs 4.50 per share. Saregama expanded its music portfolio and saw growth in its live events business.
The Ramco Cements reported a significant three-fold surge in its consolidated net profit to Rs 77.88 crore for the September quarter. Revenue from operations grew 9.52% to Rs 2,238.74 crore, though cement sales volume remained flat. The company plans to reach 30 MTPA cement capacity by March 2026.
Fairfax-backed CSB Bank reported a 16% YoY rise in Q2 profit to 160 crore, driven by higher interest income and 16% NII growth to 424 crore. The bank plans to expand its retail, SME, and NRI businesses, including a new Dubai office, while maintaining a conservative gold loan strategy.
