Tata Chemicals shares saw a rise following the report of a reduced net loss for the March quarter. The company's board proposed a dividend of Rs 11 per share. Revenue experienced a slight increase, but EBITDA declined. The board also approved raising funds through term loans or NCDs. Market conditions are challenging, but the long-term outlook is positive.
Coal India shares: Coal India's shares saw a rise after reporting a 12% YoY increase in net profit for Q4FY25, reaching Rs 9,593 crore, despite a slight dip in revenue. Production experienced a marginal decrease, but offtake remained steady, indicating stable demand. Brokerages have mixed opinions, with Motilal Oswal suggesting a 'Buy' and Nuvama recommending a 'Hold'.
Investors await Srigee DLM IPO allotment finalization. Subscription closed on May 7. The IPO witnessed significant oversubscription across all categories. Successful applicants will receive shares in their demat accounts by May 9. Unsuccessful applicants will receive refunds on the same day. Srigee DLM is set to debut on the BSE SME platform on May 12.
President Trump announced that the 145% tariffs on Chinese imports will remain in place as US and Chinese officials prepare for trade talks in Switzerland. He refuted claims that the US initiated the talks and stated the US is no longer facing massive trade losses. Federal Reserve Chair Jerome Powell noted the trade talks' potential impact on the US economy.
Both indices had fallen by over 0.6% earlier in the day after Indian armed forces carried out strikes in Pakistan and PoK. Pakistan's main stock index tumbled 3% after the attack.
The credit cost increased amid a higher slippage ratio owing to the micro, small, and medium enterprises (MSME) segment. The gross nonperforming asset (NPA) ratio continued to slide to a multi-quarter low. The share of the retail segment in the loan portfolio rose to 30% from 28% a year ago while the bank reported the highest ever net profit for the quarter and full year.
