Latest news with #507
&w=3840&q=100)
Business Standard
6 days ago
- Business
- Business Standard
Stocks to Watch today, July 24: Infosys, Dr Reddy's, Coforge, Tata Consumer
Stocks to watch today, July 24: Benchmark equity indices are likely to open in green on Thursday, continuing their upward trend as optimism grows around India striking a prospective trade deal with the US following Japan's 'massive' trade agreement with Washington. Meanwhile, ongoing progress on the India-UK free trade agreement (FTA) has further strengthened market sentiment. At 7:25 AM, GIFT Nifty futures were trading at 25,294 level, up by 45 points or 0.18 per cent, signalling a flat start with a positive bias. Besides trade deals, earnings for the first quarter of financial year 2025-2026 (Q1FY26) will continue to be the dominant factor impacting market sentiment. In the Asia-Pacific regions, markets traded higher. Japan Nikkei was trading at 41,923.34 level, up by 751 points or 1.84 per cent. Hang Seng was also up by 0.28 per cent or 72 points, quoting 25,610.65. South Korea's Kospi was trading at 3,208.17 level, up by 0.77 per cent. Global markets staged a strong trajectory as well, with the S&P 500 rising by 49 points or 0.78 per cent, concluding the trading session at 6,358.91. The Dow Jones Industrial Average settled at 45,010.29, up by 507 points or 1.14 per cent. Tech-heavy index, Nasdaq concluded at 21,020.02 level, up by 127 points or 0.61 per cent. Q1FY26 earnings today Bajaj Finance, Nestle India, REC, Adani Energy Solutions, Canara Bank, Supreme Industries, Hexaware Technologies, Karur Vysya Banks, Cyient and Coromandel International are among the top companies to announce their earnings for the period ended June 30, 2025. Meanwhile, SBI Life Insurance, CG Power, Phenix Mills, KFin Technologies, Trident, Aether Industries, Sambhv Steel Tubes and Mphasis will announce their earnings. Here is a list of stocks to watch today: Infosys: The IT giant's net profit for the quarter ended June 30, 2025, stood at ₹6,921 crore, marking a rise of 8.7 per cent from ₹6,368 crore reported in the corresponding quarter of the previous fiscal year. The company's consolidated revenue figure surged 7.5 per cent during the quarter under review to ₹42,279 crore, from ₹39,315 crore reported in the first quarter of FY25. However, operating margins experienced a marginal decline from 21.1 per cent in Q1FY25 to 20.8 per cent in Q1FY26. Dr. Reddy's Laboratories: The pharma major's net profit for the first quarter of FY26 stood at ₹1,409.6 crore, up 1.2 per cent from ₹1,392 crore reported in the corresponding period of the previous financial year. The company's consolidated revenue increased by 11.3 per cent to ₹8,545.2 crore during the quarter under review, up from ₹7,672.7 crore recorded in Q1FY25. Ebitda margins for the quarter under review declined 8 per cent quarter-on-quarter (Q-o-Q) to 26.7 per cent. Tata Consumer Products: The Tata group firm's net profit figure for the period ended June 30, 2025, stood at ₹332 crore, up 15 per cent from ₹290 crore recorded in the same period of last financial year. The consolidated revenue from operations figure stood at ₹4,779 crore as against ₹4,352 crore, marking a rise of 9.8 per cent. However, Ebitda took a hit, declining 8 per cent to ₹615 crore owing to higher tea costs and a correction in coffee prices. Bikaji Foods International Ltd.: The company's revenue from operations advanced 14.2 per cent during Q1FY26 to ₹652.7 crore from ₹571.7 crore recorded in the first quarter of FY25. The company's profit after tax (PAT) figure grew 1.3 per cent to ₹58.5 crore during the quarter ending June 30, 2025, from ₹57.8 crore in the corresponding quarter of the previous FY. However, Ebitda margins decline from 16 per cent in Q1FY25 to 14.8 per cent in Q1FY26. Coforge: The IT solutions firm reported a PAT of ₹317.4 crore in Q1FY26 as against ₹133.1 crore reported in the corresponding period of the previous fiscal year, marking a strong rise of 138 per cent. The company's consolidated revenue figure surged 56.5 per cent to ₹3,688.6 crore during the quarter ended June 30, 2025, as against ₹2,357.1 crore recorded in the first quarter of FY25. Ebitda margins also witnessed a healthy surge of 50.1 per cent Y-o-Y to 17.5 per cent. IndusInd Bank: The private lender informed the stock exchanges in its latest filing that its board of directors has approved a fundraise of up to ₹30,000 crore. Of this, ₹20,000 crore will be raised through debt instruments, while the remaining amount will be raised via Qualified Institutional Placement (QIP), American Depository Receipts (ADR), or Global Depository Receipts (GDR). Bajaj Housing Finance: The housing finance company reported a 21 per cent rise in PAT during the quarter ending June 30, 2025, to ₹583 crore from ₹483 crore recorded in the same period of the previous fiscal year. Net interest margins witnessed a slight uptick to 4 per cent in Q1FY26 from 3.9 per cent recorded in the first quarter of the previous fiscal year. Tilaknagar Industries: The company informed the bourses in its latest exchange filing that it has entered into a definitive agreement for the acquisition of Imperial Blue business division (IB) from Pernod Ricard India Pvt. Ltd. via slump sale. The total enterprise value of the transaction is ₹4,150 crore. This includes a deferred payment component of ₹282 crore, which will be paid four years after the closure of the transaction, as per the exchange filing. Persistent Systems: The IT company's revenue from operations figure stood at ₹3,333.5 crore during the first quarter of FY26 as compared to ₹2,737.1 crore recorded in the corresponding period of the previous financial year. The company's consolidated net profit stood at ₹424.9 crore in Q1FY26 as against ₹306.4 crore recorded in Q1FY25, marking a surge of 38.7 per cent. Ebit figure for the quarter under review stood at ₹517.8 crore in Q1FY26, up 34.8 per cent from ₹384 crore recorded in the first quarter of the previous financial year. Natco Pharma: The company's board of directors has approved a proposal to acquire 51,643,319 shares of Adcock Ingram Holdings Ltd. This includes 5,03,51,444 ordinary shares from the public and 12,91,875 treasury shares or fresh issuance from Adcock. Post-transaction, Natco's total shareholding in Adcock will stand at 35.75 per cent. Welspun Corp: The company has sold a 9.9 per cent equity stake in Nauyaan Shipyard Pvt. Ltd. (NSPL) to Nauyaan Tradings Pvt. Ltd., which is a wholly-owned arm of Reliance Strategic Business Ventures. The deal was valued at ₹54.70 crore, as per the exchange filing. Post-transaction, Welspun Corp will hold a 6.1 per cent stake in NSPL. BEML: The defence company has secured an order worth approximately ₹293.82 crore from the Ministry of Defence for the supply of HMV 6x6 vehicles.
&w=3840&q=100)
Business Standard
6 days ago
- Business
- Business Standard
Stock to Watch today, July 24: Infosys, Dr Reddy's, Coforge, Tata Consumer
Stocks to watch today, July 24: Benchmark equity indices are likely to open in green on Thursday, continuing their upward trend as optimism grows around India striking a prospective trade deal with the US following Japan's 'massive' trade agreement with Washington. Meanwhile, ongoing progress on the India-UK free trade agreement (FTA) has further strengthened market sentiment. At 7:25 AM, GIFT Nifty futures were trading at 25,294 level, up by 45 points or 0.18 per cent, signalling a flat start with a positive bias. Besides trade deals, earnings for the first quarter of financial year 2025-2026 (Q1FY26) will continue to be the dominant factor impacting market sentiment. In the Asia-Pacific regions, markets traded higher. Japan Nikkei was trading at 41,923.34 level, up by 751 points or 1.84 per cent. Hang Seng was also up by 0.28 per cent or 72 points, quoting 25,610.65. South Korea's Kospi was trading at 3,208.17 level, up by 0.77 per cent. Global markets staged a strong trajectory as well, with the S&P 500 rising by 49 points or 0.78 per cent, concluding the trading session at 6,358.91. The Dow Jones Industrial Average settled at 45,010.29, up by 507 points or 1.14 per cent. Tech-heavy index, Nasdaq concluded at 21,020.02 level, up by 127 points or 0.61 per cent. Q1FY26 earnings today Bajaj Finance, Nestle India, REC, Adani Energy Solutions, Canara Bank, Supreme Industries, Hexaware Technologies, Karur Vysya Banks, Cyient and Coromandel International are among the top companies to announce their earnings for the period ended June 30, 2025. Meanwhile, SBI Life Insurance, CG Power, Phenix Mills, KFin Technologies, Trident, Aether Industries, Sambhv Steel Tubes and Mphasis will announce their earnings. Here is a list of stocks to watch today: Infosys: The IT giant's net profit for the quarter ended June 30, 2025, stood at ₹6,921 crore, marking a rise of 8.7 per cent from ₹6,368 crore reported in the corresponding quarter of the previous fiscal year. The company's consolidated revenue figure surged 7.5 per cent during the quarter under review to ₹42,279 crore, from ₹39,315 crore reported in the first quarter of FY25. However, operating margins experienced a marginal decline from 21.1 per cent in Q1FY25 to 20.8 per cent in Q1FY26. Dr. Reddy's Laboratories: The pharma major's net profit for the first quarter of FY26 stood at ₹1,409.6 crore, up 1.2 per cent from ₹1,392 crore reported in the corresponding period of the previous financial year. The company's consolidated revenue increased by 11.3 per cent to ₹8,545.2 crore during the quarter under review, up from ₹7,672.7 crore recorded in Q1FY25. Ebitda margins for the quarter under review declined 8 per cent quarter-on-quarter (Q-o-Q) to 26.7 per cent. Tata Consumer Products: The Tata group firm's net profit figure for the period ended June 30, 2025, stood at ₹332 crore, up 15 per cent from ₹290 crore recorded in the same period of last financial year. The consolidated revenue from operations figure stood at ₹4,779 crore as against ₹4,352 crore, marking a rise of 9.8 per cent. However, Ebitda took a hit, declining 8 per cent to ₹615 crore owing to higher tea costs and a correction in coffee prices. Bikaji Foods International Ltd.: The company's revenue from operations advanced 14.2 per cent during Q1FY26 to ₹652.7 crore from ₹571.7 crore recorded in the first quarter of FY25. The company's profit after tax (PAT) figure grew 1.3 per cent to ₹58.5 crore during the quarter ending June 30, 2025, from ₹57.8 crore in the corresponding quarter of the previous FY. However, Ebitda margins decline from 16 per cent in Q1FY25 to 14.8 per cent in Q1FY26. Coforge: The IT solutions firm reported a PAT of ₹317.4 crore in Q1FY26 as against ₹133.1 crore reported in the corresponding period of the previous fiscal year, marking a strong rise of 138 per cent. The company's consolidated revenue figure surged 56.5 per cent to ₹3,688.6 crore during the quarter ended June 30, 2025, as against ₹2,357.1 crore recorded in the first quarter of FY25. Ebitda margins also witnessed a healthy surge of 50.1 per cent Y-o-Y to 17.5 per cent. IndusInd Bank: The private lender informed the stock exchanges in its latest filing that its board of directors has approved a fundraise of up to ₹30,000 crore. Of this, ₹20,000 crore will be raised through debt instruments, while the remaining amount will be raised via Qualified Institutional Placement (QIP), American Depository Receipts (ADR), or Global Depository Receipts (GDR). Bajaj Housing Finance: The housing finance company reported a 21 per cent rise in PAT during the quarter ending June 30, 2025, to ₹583 crore from ₹483 crore recorded in the same period of the previous fiscal year. Net interest margins witnessed a slight uptick to 4 per cent in Q1FY26 from 3.9 per cent recorded in the first quarter of the previous fiscal year. Tilaknagar Industries: The company informed the bourses in its latest exchange filing that it has entered into a definitive agreement for the acquisition of Imperial Blue business division (IB) from Pernod Ricard India Pvt. Ltd. via slump sale. The total enterprise value of the transaction is ₹4,150 crore. This includes a deferred payment component of ₹282 crore, which will be paid four years after the closure of the transaction, as per the exchange filing. Persistent Systems: The IT company's revenue from operations figure stood at ₹3,333.5 crore during the first quarter of FY26 as compared to ₹2,737.1 crore recorded in the corresponding period of the previous financial year. The company's consolidated net profit stood at ₹424.9 crore in Q1FY26 as against ₹306.4 crore recorded in Q1FY25, marking a surge of 38.7 per cent. Ebit figure for the quarter under review stood at ₹517.8 crore in Q1FY26, up 34.8 per cent from ₹384 crore recorded in the first quarter of the previous financial year. Natco Pharma: The company's board of directors has approved a proposal to acquire 51,643,319 shares of Adcock Ingram Holdings Ltd. This includes 5,03,51,444 ordinary shares from the public and 12,91,875 treasury shares or fresh issuance from Adcock. Post-transaction, Natco's total shareholding in Adcock will stand at 35.75 per cent. Welspun Corp: The company has sold a 9.9 per cent equity stake in Nauyaan Shipyard Pvt. Ltd. (NSPL) to Nauyaan Tradings Pvt. Ltd., which is a wholly-owned arm of Reliance Strategic Business Ventures. The deal was valued at ₹54.70 crore, as per the exchange filing. Post-transaction, Welspun Corp will hold a 6.1 per cent stake in NSPL.
West Australian
14-06-2025
- Entertainment
- West Australian
A family thought the sculpture on their piano was a ‘fake' Rodin. Now it's sold for more than $1.5 million
A sculpture by French artist Auguste Rodin — which had disappeared from public view for almost 120 years and was thought to be a copy — has sold for €860,000 ($A1,507,783.20) at auction. Le Désespoir (Despair) — which shows a female figure sitting on a rock holding one foot, with her knee hugged to her chest — was rediscovered at the end of 2024 after last being sold in 1906, French auction house Rouillac said. Rodin, who lived from 1840-1917, made several versions of Le Désespoir. This particular sculpture was modelled in 1890 and sculpted from marble in 1892-1893. Measuring just 28.5cm by 15cm by 25cm, the sculpture was originally modelled to form part of Rodin's monumental work The Gates Of Hell which features more than 200 figures and groups. The previous owners — a family from central France — had no idea of its value and had displayed the sculpture on top of a piano alongside family photos, auctioneer Aymeric Rouillac told CNN. 'They said 'it's a fake, it's a copy',' Rouillac said, adding he nevertheless decided to investigate further. The details of this sculpture are striking, Rouillac told CNN. 'The back, the muscles, they are perfect,' he said. 'You can feel every vertebra in the spinal column.' Following his own investigation, Rouillac took the sculpture for assessment by the Comité Rodin, which maintains a catalogue of the artist's work. Comité Rodin founder Jérôme Le Blay told CNN he was immediately struck by the 'exceptional' piece. 'I realised in a second that it was real,' he said. 'I had absolutely no doubt.' This particular example is 'extremely well made,' Le Blay said, adding it dates back to a period when Rodin was dedicating a huge amount of time to making a small number of sculptures. Rodin would have worked with assistants who would have carried out the initial work on a piece of marble, before he performed the final stages, he explained. According to Le Blay, the sculpture dates to 'one of the best moments of Rodin's career' before his growing fame meant he started to produce more and more works after the turn of the century. Upon his death, Rodin left his works to the Musée Rodin in Paris, as well as granting it permission to continue producing his bronze sculptures. While many of these posthumous bronzes go under the hammer each year, marbles are much harder to find, Le Blay said. Most of Rodin's marbles are owned by the Musée Rodin or by other large museums around the world. 'Marbles in private collections are rare,' he said, adding this piece has a 'kind of magic' due to the fact it has reappeared for sale after such a long time. In a 'passionate' auction, the top bid was made by a young banker from the US West Coast, according to the auction house.
Perth Now
14-06-2025
- Entertainment
- Perth Now
Family's ‘fake' art piece sells for more than $1.5 million
A sculpture by French artist Auguste Rodin — which had disappeared from public view for almost 120 years and was thought to be a copy — has sold for €860,000 ($A1,507,783.20) at auction. Le Désespoir (Despair) — which shows a female figure sitting on a rock holding one foot, with her knee hugged to her chest — was rediscovered at the end of 2024 after last being sold in 1906, French auction house Rouillac said. Rodin, who lived from 1840-1917, made several versions of Le Désespoir. This particular sculpture was modelled in 1890 and sculpted from marble in 1892-1893. Measuring just 28.5cm by 15cm by 25cm, the sculpture was originally modelled to form part of Rodin's monumental work The Gates Of Hell which features more than 200 figures and groups. The previous owners — a family from central France — had no idea of its value and had displayed the sculpture on top of a piano alongside family photos, auctioneer Aymeric Rouillac told CNN. 'They said 'it's a fake, it's a copy',' Rouillac said, adding he nevertheless decided to investigate further. The details of this sculpture are striking, Rouillac told CNN. 'The back, the muscles, they are perfect,' he said. 'You can feel every vertebra in the spinal column.' Following his own investigation, Rouillac took the sculpture for assessment by the Comité Rodin, which maintains a catalogue of the artist's work. The detail on one of the feet of the sculpture. Credit: Guillaume Souvant/AFP via Getty Images Comité Rodin founder Jérôme Le Blay told CNN he was immediately struck by the 'exceptional' piece. 'I realised in a second that it was real,' he said. 'I had absolutely no doubt.' This particular example is 'extremely well made,' Le Blay said, adding it dates back to a period when Rodin was dedicating a huge amount of time to making a small number of sculptures. Rodin would have worked with assistants who would have carried out the initial work on a piece of marble, before he performed the final stages, he explained. According to Le Blay, the sculpture dates to 'one of the best moments of Rodin's career' before his growing fame meant he started to produce more and more works after the turn of the century. Upon his death, Rodin left his works to the Musée Rodin in Paris, as well as granting it permission to continue producing his bronze sculptures. While many of these posthumous bronzes go under the hammer each year, marbles are much harder to find, Le Blay said. Most of Rodin's marbles are owned by the Musée Rodin or by other large museums around the world. 'Marbles in private collections are rare,' he said, adding this piece has a 'kind of magic' due to the fact it has reappeared for sale after such a long time. In a 'passionate' auction, the top bid was made by a young banker from the US West Coast, according to the auction house.
7NEWS
14-06-2025
- Entertainment
- 7NEWS
A family thought the sculpture on their piano was a ‘fake' Rodin. Now it's sold for more than $1.5 million
A sculpture by French artist Auguste Rodin — which had disappeared from public view for almost 120 years and was thought to be a copy — has sold for €860,000 ($A1,507,783.20) at auction. Le Désespoir (Despair) — which shows a female figure sitting on a rock holding one foot, with her knee hugged to her chest — was rediscovered at the end of 2024 after last being sold in 1906, French auction house Rouillac said. Rodin, who lived from 1840-1917, made several versions of Le Désespoir. This particular sculpture was modelled in 1890 and sculpted from marble in 1892-1893. Measuring just 28.5cm by 15cm by 25cm, the sculpture was originally modelled to form part of Rodin's monumental work The Gates Of Hell which features more than 200 figures and groups. The previous owners — a family from central France — had no idea of its value and had displayed the sculpture on top of a piano alongside family photos, auctioneer Aymeric Rouillac told CNN. 'They said 'it's a fake, it's a copy',' Rouillac said, adding he nevertheless decided to investigate further. The details of this sculpture are striking, Rouillac told CNN. 'The back, the muscles, they are perfect,' he said. 'You can feel every vertebra in the spinal column.' Following his own investigation, Rouillac took the sculpture for assessment by the Comité Rodin, which maintains a catalogue of the artist's work. Comité Rodin founder Jérôme Le Blay told CNN he was immediately struck by the 'exceptional' piece. 'I realised in a second that it was real,' he said. 'I had absolutely no doubt.' This particular example is 'extremely well made,' Le Blay said, adding it dates back to a period when Rodin was dedicating a huge amount of time to making a small number of sculptures. Rodin would have worked with assistants who would have carried out the initial work on a piece of marble, before he performed the final stages, he explained. According to Le Blay, the sculpture dates to 'one of the best moments of Rodin's career' before his growing fame meant he started to produce more and more works after the turn of the century. Upon his death, Rodin left his works to the Musée Rodin in Paris, as well as granting it permission to continue producing his bronze sculptures. While many of these posthumous bronzes go under the hammer each year, marbles are much harder to find, Le Blay said. Most of Rodin's marbles are owned by the Musée Rodin or by other large museums around the world. 'Marbles in private collections are rare,' he said, adding this piece has a 'kind of magic' due to the fact it has reappeared for sale after such a long time. In a 'passionate' auction, the top bid was made by a young banker from the US West Coast, according to the auction house.
