MRF Ltd's shares surged after reporting a 31% year-on-year increase in Q4 net profit, reaching Rs 498 crore. The company's revenue from operations also rose by 12% to Rs 6,944 crore. Alongside these strong results, MRF announced a final dividend of Rs 229 per share, bringing the total dividend for FY25 to Rs 235 per share.
Following the successful 'Operation Sindoor,' Indian defence stocks have surged, attracting significant investor attention. Experts advise caution against impulsive buying, emphasizing a strategic approach due to potentially inflated valuations after the recent rally. Mutual funds increased holdings in several defence stocks, indicating long-term confidence, while FIIs also raised their stakes in specific companies.
Israeli strikes in Gaza resulted in numerous fatalities, including women and children. A school sheltering displaced Palestinians was hit, causing significant casualties. Another school in Gaza City, also serving as a shelter, faced a similar attack. Tensions escalate as Israel prepares to intensify operations in Gaza. The conflict's impact on hostages and humanitarian aid remains a critical concern.
HUDCO reported a 4% YoY rise in Q4FY25 net profit to Rs 728 crore, with revenue surging 38% to Rs 2,845 crore. Full-year PAT rose 28% to Rs 2,709 crore. Loan sanctions and disbursements jumped sharply, while interest income and yields improved. Despite strong numbers, shares fell 3.5% after results were announced during market hours.
Gokaldas Exports led the rally, jumping 18.8% to 1,013 on the BSE. KPR Mill rose 10.1% to 1,122.05, and Arvind Ltd gained 5.8% to 387. The rally was fueled by optimism that zero-duty access to the UK market will boost Indian textile exports and enhance competitiveness against countries like Bangladesh and Vietnam.
An F/A-18 fighter jet went overboard the USS Harry S. Truman in the Red Sea during a failed landing, prompting the pilots to eject with minor injuries. This incident marks another setback for the Truman, crucial in the U.S. airstrike campaign against Yemen's Houthi rebels, amidst ongoing regional tensions and attacks on shipping.
Simple Energy, an electric two-wheeler manufacturer, is planning an IPO by FY27 to raise 3,000 crore for market expansion, a new manufacturing unit, and R&D. The company aims to increase its touchpoints from 15 to 500 in the next two years and targets 800 crore in revenue in FY26.
