S
103.39
as on 17 Apr 2025 at 15:29
Market Cap
₹404 Cr
PE Ratio
29.90
ROCE
2.16%
IndiGo: CEO Warns Against Unrealistic Airfare Expectations
IndiGo CEO Pieter Elbers cautions that demanding low ticket prices without considering operational costs could threaten airline sustainability. He emphasizes that Indian airfares remain globally competitive despite occasional price spikes. Elbers also highlights IndiGo's efforts to meet high demand during events like Mahakumbh by doubling flights.
TVS Motor Company: Launches 2025 Apache RR 310 with Advanced Features
TVS Motor Company has launched the 2025 Apache RR 310 with OBD-2B emission standards compliance, new color options, and advanced features including sequential turn signals and cornering drag torque control. The motorcycle offers four ride modes and is available in standard and customizable variants, with prices starting at ₹2.78 lakh.
IndiGo: CEO Aims to Make Airline India's Most Loved
IndiGo CEO Pieter Elbers emphasizes the airline's focus on winning Indian travelers' hearts, not just market value. The company is expanding to underserved destinations and improving customer service. Elbers acknowledges and addresses passenger complaints while highlighting IndiGo's strong performance metrics.
Bank of Maharashtra: Fitch Upgrades Viability Rating, Affirms 'BBB-' IDR
Fitch Ratings upgraded Bank of Maharashtra's viability rating to 'BB-' from 'B+' and affirmed its long-term issuer default rating at 'BBB-' with a stable outlook. The upgrade reflects improved financial performance, risk profile, and underwriting standards. The bank's impaired-loan ratio decreased to 1.8% in 9MFY25, and its CET1 ratio rose to 16.1%. Fitch expects the bank's operating profit to risk-weighted asset ratio to remain around 3% in FY26.
Ajax Engineering: Nuvama Initiates 'Buy' with ₹800 Target
Nuvama Institutional Equities initiated coverage on Ajax Engineering with a 'Buy' rating and a price target of ₹800, implying an 18% upside. The brokerage projects a 13% revenue CAGR over FY25-29E, citing Ajax's dominant market share in self-loading concrete mixers and strong presence in other construction equipment segments. Shares rose 3.40% to ₹700.20 following the recommendation.
Venus Remedies: FDA Grants QIDP Designation for Anti-Microbial Resistance Therapy
Venus Remedies' investigational product VRP-034 received Qualified Infectious Disease Product (QIDP) designation from the US FDA for treating bloodstream infections. The stock jumped 14.3% to ₹356.65, an 8-week high, following this announcement.
ITC Ltd: GQG Partners Increases Stake to 3.47% in Q4
GQG Partners raised its stake in ITC Ltd to 3.47% by purchasing 4.9 crore shares in Q4. Mutual fund ownership remained stable at 12.87%, while FIIs reduced holdings from 40.17% to 39.87%. ITC recently demerged its hotel business and acquired Birla's pulp and paper business for Rs 3,500 crore. The company also bought a 43.75% stake in Ample Foods Private Limited for Rs 131 crore.
Hindustan Aeronautics Limited: HAL Shares Surge 37% in Seven Weeks, Analysts Bullish
HAL shares have recovered 37% in the last seven weeks after facing challenges from June 2024 to February 2025. The company reported FY25 revenue of ₹30,400 crores, secured new contracts worth ₹1,02,000 crores, and finalized a ₹62,777 crore deal with the Ministry of Defence for 156 LCH Prachand helicopters. Analysts remain positive on the stock, with JM Financial expecting outperformance and Nirmal Bang maintaining a 'buy' rating with a target price of ₹4,851.
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IndiGo: CEO Warns Against Unrealistic Airfare Expectations
IndiGo CEO Pieter Elbers cautions that demanding low ticket prices without considering operational costs could threaten airline sustainability. He emphasizes that Indian airfares remain globally competitive despite occasional price spikes. Elbers also highlights IndiGo's efforts to meet high demand during events like Mahakumbh by doubling flights.
5,366.00
TVS Motor Company: Launches 2025 Apache RR 310 with Advanced Features
TVS Motor Company has launched the 2025 Apache RR 310 with OBD-2B emission standards compliance, new color options, and advanced features including sequential turn signals and cornering drag torque control. The motorcycle offers four ride modes and is available in standard and customizable variants, with prices starting at ₹2.78 lakh.
2,679.30
IndiGo: CEO Aims to Make Airline India's Most Loved
IndiGo CEO Pieter Elbers emphasizes the airline's focus on winning Indian travelers' hearts, not just market value. The company is expanding to underserved destinations and improving customer service. Elbers acknowledges and addresses passenger complaints while highlighting IndiGo's strong performance metrics.
5,366.00
Bank of Maharashtra: Fitch Upgrades Viability Rating, Affirms 'BBB-' IDR
Fitch Ratings upgraded Bank of Maharashtra's viability rating to 'BB-' from 'B+' and affirmed its long-term issuer default rating at 'BBB-' with a stable outlook. The upgrade reflects improved financial performance, risk profile, and underwriting standards. The bank's impaired-loan ratio decreased to 1.8% in 9MFY25, and its CET1 ratio rose to 16.1%. Fitch expects the bank's operating profit to risk-weighted asset ratio to remain around 3% in FY26.
48.40
Ajax Engineering: Nuvama Initiates 'Buy' with ₹800 Target
Nuvama Institutional Equities initiated coverage on Ajax Engineering with a 'Buy' rating and a price target of ₹800, implying an 18% upside. The brokerage projects a 13% revenue CAGR over FY25-29E, citing Ajax's dominant market share in self-loading concrete mixers and strong presence in other construction equipment segments. Shares rose 3.40% to ₹700.20 following the recommendation.
700.65
Venus Remedies: FDA Grants QIDP Designation for Anti-Microbial Resistance Therapy
Venus Remedies' investigational product VRP-034 received Qualified Infectious Disease Product (QIDP) designation from the US FDA for treating bloodstream infections. The stock jumped 14.3% to ₹356.65, an 8-week high, following this announcement.
338.60
ITC Ltd: GQG Partners Increases Stake to 3.47% in Q4
GQG Partners raised its stake in ITC Ltd to 3.47% by purchasing 4.9 crore shares in Q4. Mutual fund ownership remained stable at 12.87%, while FIIs reduced holdings from 40.17% to 39.87%. ITC recently demerged its hotel business and acquired Birla's pulp and paper business for Rs 3,500 crore. The company also bought a 43.75% stake in Ample Foods Private Limited for Rs 131 crore.
427.25
Hindustan Aeronautics Limited: HAL Shares Surge 37% in Seven Weeks, Analysts Bullish
HAL shares have recovered 37% in the last seven weeks after facing challenges from June 2024 to February 2025. The company reported FY25 revenue of ₹30,400 crores, secured new contracts worth ₹1,02,000 crores, and finalized a ₹62,777 crore deal with the Ministry of Defence for 156 LCH Prachand helicopters. Analysts remain positive on the stock, with JM Financial expecting outperformance and Nirmal Bang maintaining a 'buy' rating with a target price of ₹4,851.
4,220.40
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