Latest Stock Market News

IRCON International posted a 14% YoY drop in Q4FY25 profit to Rs 212 crore, with revenue down 10%. Sequentially, profit surged 146% and topline rose 31%.

UnitedHealth shares fell more than 6% on Wednesday after the UK s Guardian newspaper reported that the company made secret payments to nursing homes to reduce hospital transfers, adding to the woes of the healthcare conglomerate.

Target slashed its annual sales forecast on Wednesday after posting a sharp fall in quarterly same-store sales, attributing the declines to weakened consumer confidence and a pullback in discretionary spending due to U.S. President Donald Trump s tariff war.

State-owned Oil India Ltd on Wednesday reported a 21 per cent fall in net profit in the March quarter on lower oil and gas prices. The company reported a net profit of Rs 1,591.48 crore in the fourth quarter of 2024-25 compared with Rs 2,028.83 crore earning a year back, the company said in a stock exchange filing.

The price of Bitcoin rose to its highest level on record on Wednesday, eclipsing the previous high from January, as risk sentiment continues to improve after last month s tariff-induced sell-off.

Power Finance Corp (PFC) reported an 11% increase in the fourth-quarter net profit at Rs 8,358 crore, buttressed by an increase in interest income and provisioning reversals.

The Indian Rupee weakened against the US dollar in early trading. Rising US Treasury yields and foreign fund outflows pressured the market. Global crude oil prices added to the downward pressure. Oil companies bought dollars amid geopolitical concerns. Foreign Institutional Investors were net sellers of equities. Meanwhile, Brent crude prices increased due to potential supply concerns in the Middle East.

EIH Limited, the flagship company of The Oberoi Group has reported a consolidated profit after tax of Rs 262 crore for the fourth quarter of fiscal year 2025, up 6% year on year. The luxury hospitality chain reported revenues of Rs 866 crore, up 11% year on year.

NTPC Green Energy Limited (NGEL), the renewable energy arm of NTPC, on Wednesday posted around three-fold rise in consolidated net profit at Rs 233.21 crore in March 2025 quarter, driven by higher income.