Samvardhana Motherson's shares surged following a robust Q4FY25 performance, marked by a 20% YoY increase in net profit, reaching Rs 1,050.5 crore. The company announced a 1:2 bonus issue and a final dividend of Rs 0.35 per share. Additionally, the board approved raising up to Rs 8,500 crore through NCDs, with FY25 net profit soaring 40% to Rs 3,803.02 crore.
Gold price today: Despite high volatility, analysts expect gold prices to surge to 1,10,000 per 10 grams within a year, citing its historical track record of delivering strong returns to investors.
Sebi has barred Arshad Warsi, Maria Goretti, and 57 entities from the securities market for 1-5 years due to misleading videos promoting Sadhna Broadcast shares. The regulator imposed fines and directed disgorgement of unlawful gains worth Rs 58.01 crore. The scheme involved inflating the stock price through collusive trading and promotional videos to lure investors before a coordinated sell-off.
Alkem Laboratories shares fell 5% after Q4FY25 results showed a modest 4.2% profit rise to Rs 306 crore and margin contraction to 12.4%. While Jefferies downgraded the target to Rs 4,460 citing weak margins, Nomura maintained a Buy with a Rs 5,430 target. The company expects high single-digit revenue growth in FY26 and rising tax rates in FY27.
Chinese researchers have engineered a laser system capable of discerning minute text and details from a distance of 1.36 kilometers. This innovative method, employing active intensity interferometry, achieves a 14-fold improvement in resolution compared to traditional optical imaging. The system uses infrared lasers and dual telescopes, paving the way for high-resolution imaging and optical sensing.
Suzlon Energy shares jumped 13.6% to Rs 74.30 after Motilal Oswal raised its target price to Rs 83 and reiterated a buy rating, citing strong Q4FY25 results and a bullish FY26 outlook. The brokerage noted better-than-expected wind turbine deliveries and margins, projecting a 60% YoY growth in key metrics next fiscal.
Bangladesh's interim leader Muhammad Yunus faces mounting pressure as prominent figures voice disapproval. Sheikh Hasina criticizes judicial leniency towards war criminals, while Khaleda Zia calls for democratic restoration. Army Chief General Waker-Uz-Zaman opposes the Rakhine humanitarian corridor, citing national security risks, exposing cracks in the interim administration's governance.
3B Films, a plastic packaging film manufacturer, launched its IPO on Friday at 50 per share, aiming to raise 33.75 crore. The IPO, open until June 3, comprises a fresh issue and an offer for sale by promoters. Funds will support capital expenditure, working capital, and corporate purposes.
Trade negotiations between the US and China have stalled, according to US Treasury Secretary Scott Bessent. He suggested that President Trump and President Xi Jinping might get involved to move the discussions forward. Both countries agreed to pause reciprocal tariffs for 90 days, but the complexity of the issues may require leadership intervention.
Several brokerages have recently increased target prices for specific stocks. Kotak Mahindra Bank and Bharti Airtel are among those receiving upgrades. Analysts predict potential upsides of up to 20% for some stocks. Other stocks with upgraded target prices include Bandhan Bank, Federal Bank, and Marico. These upgrades suggest positive outlooks from various financial experts.
