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.
Kotak AMC's Nilesh Shah notes that global support and potential US warnings have eased market concerns following geopolitical tensions. Strong FPI inflows, returning sooner than expected, and robust domestic flows are driving the market's upward trend. The Indo-UK FTA, which opens up UK export markets, further boosts market confidence, overshadowing potential worries.
Tyre major MRF Ltd declared a final dividend of Rs 229 per share for FY25, taking the total payout to Rs 235. Q4 results showed a 31% YoY jump in net profit to Rs 498 crore and a 12% rise in revenue to Rs 6,944 crore. EBITDA rose 18%, with margins at 15%.
