Latest Stock Market News

EBITDA grew 48.3% to Rs 991.7 crore in the third quarter, up from Rs 668.6 crore in the same period last year. The EBITDA margin also improved to 37.4%, up from 30% in Q3 FY24, it said in an exchange filing.

Japanese and Australian shares rose. Most other major markets in the region are closed for Lunar New Year holidays. US equity futures declined after the S&P 500 rose 0.9% and Nasdaq 100 advanced 1.6% on Tuesday, as Nvidia Corp. rallied 8.9% following the largest one-day value loss in history. The dollar and oil gained after President Donald Trump talked about across-the-board tariffs.

The Karnataka government plans to introduce an ordinance to regulate microfinance recovery practices due to concerns over coercive loan recovery methods. This move has caused anxiety among lenders in the state, potentially affecting regular recovery processes and asset quality.

The parent ITC will continue to provide the business with its brand name, governance, and other synergies, while its own return profile is expected to improve as the hotel business is more capital intensive, said analysts.

It expects corporate earnings to remain strong over the long run, supported by a robust growth backdrop, with policy interest rates likely settling around 5%, down from the current 6.5%. Paul said consumption-related sectors, IT services, real estate and select industrials will benefit from the government incentives to boost onshore manufacturing.

The Bank Nifty index rose 1.7% Monday while the benchmark Nifty 50 ended 0.6% higher, after rising as much as 1.5% earlier in the day.