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Credit card company posts strong earnings, but analysts split on whether the good times can last amid 19% stock correction SBI Cards and Payment Services delivered a sparkling 45% jump in profit for the October-December quarter, but the celebrations may be premature. India’s second-largest credit card issuer is grappling withContinue Reading

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Cigarette margins hit multi-quarter lows; analysts warn of volume collapse, illicit trade surge, and earnings decline through FY27 ITC reported a quarter that met expectations, but both Centrum and Nirmal Bang are focused on a bigger problem—tax increases starting February 1 that could fundamentally alter the cigarette business generating overContinue Reading

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Asset manager maintains growth momentum as regulatory changes loom over sector profitability Nippon Life India Asset Management Company reported another quarter of consistent performance, though the real test lies ahead as the industry navigates new fee regulations and intensifying competition. Driven by treasury The company posted profit after tax ofContinue Reading

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Brokerages lift targets after earnings beat, but watch Bharat Electronics valuation India’s state-owned defence electronics manufacturer Bharat Electronics delivered a quarter that had analysts scrambling to revise their models upward. The company’s third-quarter performance beat expectations across every metric, prompting both Motilal Oswal and Nirmal Bang to raise their targetContinue Reading

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Margin shine can’t mask muted demand as India’s decorative giant navigates competitive headwinds Asian Paints delivered a curious third quarter—margins sparkled even as topline growth sputtered, leaving analysts divided on whether the worst of competitive pressures has passed or merely paused. The company’s consolidated revenue crawled 4% year-on-year to RsContinue Reading

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India’s dominant commodity exchange delivers robust quarter with revenue and profit more than doubling, as options trading and bullion contracts drive unprecedented growth The Multi Commodity Exchange of India (MCX) is riding a powerful wave of trading activity, with the country’s leading commodity platform posting numbers that have left analystsContinue Reading

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After 12% slide, brokerages spot value in India’s mutual fund registry firm CAMs as yield concerns appear overdone and diversification strategy shows progress The market has been unkind to Computer Age Management Services lately. Down 12% over three months, the stock that powers India’s booming mutual fund industry appeared toContinue Reading

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IndusInd Bank’s management promises a return to 1% profitability by 2027—but the path from 0.12% may be uphill If some banks are choosing safety over margins, IndusInd Bank is trying to extinguish a siren. The private lender’s third-quarter results read like a case study in financial firefighting: profits down 89-91%Continue Reading