Latest news with #BharatElectronics
Business Standard
an hour ago
- Business
- Business Standard
AXISCADES wins order worth Rs 79.82 cr from Bharat Electronics
AXISCADES Technologies announced that its subsidiary, Mistral Solutions has received a supply order from Bharat Electronics for production of SONAR subsystems for Submarine modification. These subsystems will be used in other platforms which are expected in the 3-5 years. The order is valued at Rs 79.82 crore. Powered by Capital Market - Live News
Time of India
a day ago
- Business
- Time of India
Buy or sell: Stock recommendation by brokers for July 30, 2025
Representative AI-image JP Morgan maintained its overweight rating on Bharat Electronics with the target price at Rs 490. Analysts said during the April-June quarter, there was a margin-driven beat in numbers and order wins remained strong. They said they were not unduly concerned about BEL's revenue growth. The PSU major's order wins were well ahead of the run rate required to achieve the FY26 guidance of Rs 27,000 crore. Morgan Stanley maintained its underweight rating on IndusInd Bank with the target price at Rs 750. Analysts said that the lender's net interest income during the previous quarter was ahead of estimates while fee income was lower. Its core PPoP (pre-provision operating profit), excluding income tax refund and others, was 11% below estimates, while slippages remained high at 3% of loans, as did credit costs. Analysts have reduced earnings by 15-20% in FY26-FY28 period. Citigroup maintained its buy rating on Torrent Pharma with an increased target price of Rs 4,380 from Rs 4,000 earlier. Analysts said that for the pharma major, the April-June quarter was a healthy and in-line quarter with solid traction across the markets. They expect the margin expansion trend will continue. They also expect operating leverage benefits in the branded segments and potential recovery in the US market. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 20 Legendary Cars from the Past Undo by Taboola by Taboola Macquarie maintained its outperform rating on Adani Green Energy with the target price at Rs 1,200. Analysts said the company showed strong capacity adds during the April-June quarter, healthy utilization. The company targets 50GW of renewable-energy capacity by FY30. They said that with capacity additions trending above expectations, this poses upside risk to forecast 25% EBITDA (earnings before interest, taxes, depreciation and amortisation) CAGR (compounded annual growth rate) over the next five years. CLSA initiated its coverage of Radico Khaitan with an outperform rating and a target price of Rs 3,098. Analysts said that given recent investments in building capacity for premium spirits, they believe that the company is well positioned to deliver 265 basis points EBITDA margin expansion in FY25-FY28 to 16.5%. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
The Hindu
2 days ago
- Business
- The Hindu
Markets fall as trade deal uncertainty, foreign fund outflows weigh on investors' sentiment
Benchmark equity indices Sensex and Nifty fell in early trade on Tuesday (July 29, 2025), extending their downward journey to the fourth day running, amid uncertainty related to the India-U.S. trade deal and persistent foreign fund outflows. The 30-share BSE Sensex dropped 270.77 points to 80,620.25 in opening trade. The 50-share NSE Nifty dipped 71.25 points to 24,609.65. From the Sensex firms, Eternal, Infosys, Bharat Electronics, ICICI Bank and Asian Paints were among the biggest laggards. However, Reliance Industries, Tata Motors, HCL Tech, Bharti Airtel and Trent were among the gainers. Foreign Institutional Investors (FIIs) offloaded equities worth ₹6,082.47 crore on Monday (July 28, 2025), according to exchange data. "There are more headwinds than tailwinds for the market now. The major issue weighing on markets is that the expected trade deal between India and the U.S. has not happened so far and the probability of a deal before the August 1 deadline is becoming lower. Sustained FII selling is impacting the market despite the DIIs (Domestic Institutional Investors) buying," VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said. In Asian markets, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng traded lower while South Korea's Kospi quoted in positive territory. The U.S. markets ended on a mixed note on Monday. Global oil benchmark Brent crude traded 0.04 % up at $70.07 a barrel. Stock markets declined for the third day on Monday (July 28, 2025). The Sensex tanked 572.07 points or 0.70% to settle at 80,891.02 on Monday. The Nifty declined 156.10 points or 0.63% to 24,680.90.
Time of India
2 days ago
- Business
- Time of India
Sensex falls over 100 pts, Nifty below 24,700 amid US trade deal jitters
Indian equity benchmarks experienced a decline for the fourth consecutive session, influenced by uncertainties surrounding a delayed interim trade agreement with the U.S. and continuous foreign fund outflows. Weak corporate earnings further contributed to the downward pressure. Investor sentiment remains fragile amidst geopolitical and economic concerns, with specific stocks like Bharat Electronics and Infosys facing losses. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Experts View Global Markets Tired of too many ads? Remove Ads FII/DII Tracker Indian equity benchmarks opened lower for the fourth consecutive session on Tuesday, weighed down by uncertainty over a delayed interim trade deal with the United States, continued foreign fund outflows, and weak corporate 9:24 am, the BSE Sensex was down 117 points, or 0.15%, at 80,73, while the Nifty50 declined 36 points, or 0.15%, to 24, portfolio investors (FPIs) offloaded Indian equities worth Rs 6,081 crore ($700.92 million) on Monday, as per provisional data — their biggest single-day selling since May 30. The sharp outflow has heightened concerns about near-term market sentiment remains fragile ahead of the August 1 deadline set by U.S. President Donald Trump for progress on a trade agreement, with fears growing over potential geopolitical and economic repercussions from further early trade, Bharat Electronics (BEL), Eternal, Infosys, ICICI Bank, TCS, and HDFC Bank were among the top laggards on the Sensex, falling up to 2.5%. Meanwhile, Reliance Industries, Adani Ports, Tata Motors, and Power Grid opened in the the sectoral front, the Nifty IT index slipped 0.4%, weighed down by losses in Infosys, Wipro, and Coforge. In contrast, Nifty Metal, Realty, and Oil & Gas indices gained over 0.5%, offering some support to the the broader market, the Nifty Midcap 100 edged up 0.1%, while the Nifty Smallcap 100 declined 0.4%, reflecting mixed sentiment across individual stocks, Waaree Energies surged over 4% after the company reported an 89% YoY jump in consolidated net profit for Q1 FY26, coming in at Rs 745 crore compared to Rs 394 crore in the same period last year."There are more headwinds than tailwinds for the market now. The major issue weighing on markets is that the expected trade deal between India and the US has not happened so far and the probability of a deal before the August 1 deadline is becoming lower. President Trump's success in reaching deals with Japan and EU, which were advantageous for the US, may further make the US position harder on deal with India," said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments."Sustained FII selling is impacting the market despite the DII buying. It is better to remain in a wait and watch mode," Vijayakumar Matalia, Derivative Analyst at Choice Broking, said, "After a negative opening, Nifty can find support at 24,600 followed by 24,500 and 24,300. On the higher side, 24,800 can be an immediate resistance, followed by 24,900 and 25,000."Asia shares eased on Tuesday while the euro nursed its losses as investors pondered the downside of the U.S.-EU trade deal and the reality that punishing tariffs were here to stay, with unwelcome implications for growth and Nikkei eased 0.8%, while Chinese blue chips fell 0.1%.European shares steadied after Monday's sell-off. EUROSTOXX 50 futures edged up 0.2%, while FTSE futures and DAX futures both added 0.1%. S&P 500 futures nudged up 0.1%, while Nasdaq futures added 0.2%.The selling from Foreign institutional investors (FIIs) extended for the sixth day as they sold equities worth Rs 6,082 crore on July 28, while Domestic institutional investors (DIIs) bought equities worth Rs 6,764 crore on the same day.
Economic Times
2 days ago
- Business
- Economic Times
Sensex falls over 100 pts, Nifty below 24,700 amid US trade deal jitters
Indian equity benchmarks opened lower for the fourth consecutive session on Tuesday, weighed down by uncertainty over a delayed interim trade deal with the United States, continued foreign fund outflows, and weak corporate earnings. ADVERTISEMENT At 9:24 am, the BSE Sensex was down 117 points, or 0.15%, at 80,73, while the Nifty50 declined 36 points, or 0.15%, to 24,651. Foreign portfolio investors (FPIs) offloaded Indian equities worth Rs 6,081 crore ($700.92 million) on Monday, as per provisional data — their biggest single-day selling since May 30. The sharp outflow has heightened concerns about near-term market volatility. Investor sentiment remains fragile ahead of the August 1 deadline set by U.S. President Donald Trump for progress on a trade agreement, with fears growing over potential geopolitical and economic repercussions from further delays. In early trade, Bharat Electronics (BEL), Eternal, Infosys, ICICI Bank, TCS, and HDFC Bank were among the top laggards on the Sensex, falling up to 2.5%. Meanwhile, Reliance Industries, Adani Ports, Tata Motors, and Power Grid opened in the green. On the sectoral front, the Nifty IT index slipped 0.4%, weighed down by losses in Infosys, Wipro, and Coforge. In contrast, Nifty Metal, Realty, and Oil & Gas indices gained over 0.5%, offering some support to the market. ADVERTISEMENT In the broader market, the Nifty Midcap 100 edged up 0.1%, while the Nifty Smallcap 100 declined 0.4%, reflecting mixed sentiment across segments. Among individual stocks, Waaree Energies surged over 4% after the company reported an 89% YoY jump in consolidated net profit for Q1 FY26, coming in at Rs 745 crore compared to Rs 394 crore in the same period last year. ADVERTISEMENT
