-624.82
-174.95
+ 18.00
-877.00
-930.00
-624.82
-174.95
-174.95
+ 18.00
+ 18.00
-877.00
Get businessline apps on
Connect with us
TO ENJOY ADDITIONAL BENEFITS
Connect With Us
Get BusinessLine apps on
Candle stick graph chart of stock market investment trading, Stock exchange concept design and background. Vector illustrations. | Photo Credit: EMOJOEZ
Sensex, Nifty, Share Price Highlights: Benchmark stock indices Sensex and Nifty tumbled nearly 1 per cent on Tuesday, snapping the two-day rally after profit-taking in banking, IT and auto shares.
The 30-share BSE Sensex dropped 624.82 points or 0.76 per cent to settle at 81,551.63, in a volatile session. During the day, the barometer tanked 1,054.75 points or 1.28 per cent to 81,121.70.
The 50-issue NSE Nifty declined 174.95 points or 0.70 per cent to 24,826.20.
Investors turned cautious ahead of the release of industrial and manufacturing production data for April on Wednesday and the first quarter GDP numbers, scheduled to be announced later this week, experts said.
From the Sensex firms, UltraTech Cement fell the most by 2.21 per cent, followed by ITC which declined 2.01 per cent. Tata Motors, NTPC, Axis Bank, HCL Tech, Mahindra & Mahindra, HDFC Bank, ICICI Bank and Eternal were among the laggards.
IndusInd Bank, Sun Pharma, Adani Ports, Nestle and Asian Paints were the gainers.
Benchmark stock indices Sensex and Nifty tumbled nearly 1 per cent on Tuesday, snapping the two-day rally after profit-taking in banking, IT and auto shares.
The rupee depreciated 27 paise to 85.37 (provisional) against the US dollar on Tuesday, tracking a recovery in American currency index, negative domestic equity market and muted foreign fund inflow.
● Profit After Tax increases to ₹14.67 crore in FY25 from ₹10.85 crore in FY2024 (35.21 % growth)
● Revenue increases to ₹1504.5 crore in FY 2025 from ₹1085.7 crore in FY 2024 (38.57 % growth)
● Revenue from HR Services and HR Platforms increased 37.71 % YoY and 61.69% YoY, respectively
CIEL HR Services, a company offering complete suite of tech-driven HR solutions, reported its audited financial results for FY25.
CIEL HR Services continues to maintain a robust financial performance for the year ended on March 31, 2025 (FY25). The company’s revenue from operations rose to ₹1504.5 crores for FY25, as against ₹1085.7 crores in FY24. The company’s profit after tax stood at ₹14.67 crore for FY25, showcasing an impressive growth of 35+% YoY vis-a-vis ₹10.85 crore in the previous financial year.
The growth in revenue from the HR Services business segment increased by 37.71 % YoY, while revenue from HR Platforms also increased by 61.69 % YoY.
The company has continued its inorganic growth through the financial year 2024-25. In line with its track record of successful integrations, the company acquired two businesses in FY25 to strengthen its HR-tech platform capabilities as well as to expand its portfolio of solutions. The Group has integrated these entities with the overall organisation and is actively working to leverage its inherent synergies to foster growth across individual business units.
Akums Drugs and Pharmaceuticals Ltd has announced its consolidated financial results for the quarter and fiscal year ending March 31, 2025. The fourth quarter marked a significant rebound in performance, laying a strong foundation for continued growth and global expansion.
In Q4 FY25, Akums reported revenue of ₹1,073 crore, reflecting a robust 12.4% year-on-year (YoY) growth. The company posted a 10.4% EBITDA margin. Building on its Q4 momentum, Akums closed FY25 with consolidated total income of ₹4,170 crore and an adjusted EBITDA margin of 12.3%, a 7-basis point improvement from the previous year. The company continued its focus on enhancing its product mix, building a differentiated, research-driven portfolio, and expanding its global presence
One of the key developments during the fiscal year was securing an approx. €200 million contract for the manufacture and supply of pharmaceutical products to regulated European markets — a milestone that significantly expands Akums’ global CDMO footprint. The commercial supplies for this will begin in 2027. To support its expanding footprint, Akums invested ₹272 crore in capital expenditure during FY25. which now stands at 49.6 billion units annually. This infrastructure scale-up ensures readiness for large-scale domestic CDMO operations as well as global pharma opportunities.
Akums also maintained a strong R&D focus, investing ₹130 crore which is over 3% of revenue. With 973 DCGI approvals now, the company’s product portfolio has over 4,000 commercialized formulations. This is across multiple therapeutic areas across 60+ dosage forms.
Shriram Properties reports 137% increase in net profit, strong sales volumes, and commitment to long-term value.
Tokyo-based Fujita Corporation backed Neilsoft Limited has refiled its Draft Red Herring Prospectus (DRHP) with capital markets regulator, Securities and Exchange Board of India (SEBI) to raise funds through Initial Public Offering (IPO).
The IPO, with a face value of ₹5, is a mix of fresh issue of shares up to ₹90 crore and an offer-for-sale for sale up to 8 million shares by Promoters and Other Selling Shareholders.
Offer for sale consists of shareholders selling shares up to 1,145,384 by Rupa Harish Shah jointly with Harishkumar Shah, up to 1,255,784 equity shares by Netsophy Private Limited, up to 147,764 equity shares by Nishit Shah jointly with Rupa Harish Shah, up to 41,376 equity shares by Harishkumar Shah jointly with Rupa Harish Shah, up to 2,440,884 equity shares by Small Industries Development Bank of India, up to 1,854,808 equity shares by SICOM Limited, up to 350,000 equity shares by Rajan Vasant Vakil jointly with Priti Rajan Vakil, up to 229,000 equity shares by Shirish Shrikrishna Sathe jointly Swati Shirish Sathe, up to 187,500 equity shares by Haresh Shantichand Jhaveri jointly with Darshan Haresh Jhaveri and up to 150,000 equity shares by Rajnikant Dwarkadas Shah jointly with Mina Rajnikant Shah.
The company, in consultation with the BRLMS, may consider a pre-IPO placement of specified securities. The pre-IPO placement shall not exceed 20% of the fresh issue, the amount raised under the pre-IPO placement will be reduced from the fresh issue.
The proceeds from the fresh issue to the extent of ₹63.52 crore will be used for funding of capital expenditure and general corporate purposes.
The Offer is being made through the book-building process, wherein not less than 75% of the Offer is allocated to qualified institutional buyers, and not less than 15% and 10% of the net offer is assigned to non-institutional investors and retail individual investors respectively.
Sensex ended 624.82 pts or 0.76% lower at 81,551.63, and Nifty 50 depreciated by 174.95 pts or 0.7% to 24,826.20. About 1,972 stocks advanced and 1,966 declined of all the 4,084 stocks traded on the BSE. 206 stocks hit lower circuit and 255 hit upper circuit.
JTL Industries’ standalone net profit for the quarter ended March 2025 stood at ₹16.77 crore as against ₹29.09 crore in the corresponding quarter last year.
Board recommended dividend of ₹0.125 per share.
EID Parry India’s standalone net loss for the quarter ended March 2025 stood at ₹231.70 crore as against the profit of ₹80.27 crore in March 2024 quarter.
On consolidated basis, it reported net profit of ₹286.52 crore as against ₹220.31 crore in corresponding quarter last year.
Board approved investment in the shares of Parry Sugars Refinery India Private Limited, the wholly owned subsidiary of the Company, up to an amount not exceeding ₹350 crore in one or more tranches.
Ajmera Realty & Infra India Ltd has announced that it has been officially certified as a Great Place to Work® in India from May 2025 to May 2026.
With this, Ajmera Realty joins an elite cohort of organisations in the Indian real estate sector that have earned this prestigious certification.
This recognition comes after a thorough certification process, including the Trust Index Survey and a detailed Culture Audit, performed across the company’s workforce. The certification underlines the commitment of Ajmera Realty towards ensuring an employee-centric approach and promoting a healthy work culture with a minimal attrition rate.
Shweta Rathor, AVP – HR at Ajmera Realty & Infra India Ltd, stated, “As one of the legacy names in the Indian real estate, we at Ajmera have always believed that the true foundation of our success lies in our people. This prestigious Great Place to Work® certification is not just a recognition — it is a powerful endorsement of the values we live by and the culture we’ve collectively nurtured. We see this as both a milestone and a motivation—to keep raising the bar, to listen more, and to continue building a workplace where excellence is a shared experience.”
Minda Corporation’s standalone net profit for the quarter ended March 2025 stood at ₹33.78 crore as against ₹61.54 crore in the corresponding quarter last year.
Board recommended final dividend of ₹0.90 per share. Record date: August 14.
Venus Pipes & Tubes Ltd, one of the leading stainless steel pipes and tubes manufacturers and exporters in India announced its audited financial results for the fourth quarter and full year ending March 31 2025.
Key financial highlights for FY25:
Revenue of ₹959 crore in FY25, as against ₹802 crore in FY24; a growth of 19.5%
EBITDA of ₹168 crore for FY25, growing by 14.6% y-o-y with margins at 18%
PAT of ₹93 crore in FY25, as against ₹86 crore in FY24; a growth of 8.1% y-o-y with margins at 10%.
Key operational highlights during the quarter:
Revenue from seamless pipes/tubes witnessed a growth of 18% and welded pipes/tubes witnessed growth of 12% for FY25 on year-on-year basis
Cash generated from operations stood at ₹87 crore for FY25
Additionally, during the year company focused on investing in human talent to strengthen the company’s position & reach.
During the year the company began expanding product portfolio with foray into value added products with application across critical industries; and as a part of this, they recently commenced operations of 3,600 MTPA capacity of value-added welded tubes. Addition of fittings capacity and value added seamless tubes will be operational in coming months.
The firm recently won an order worth ₹190 crore for stainless steel seamless boiler tubes used in series of supercritical and subcritical thermal power project from India’s leading Integrated power plant equipment manufacturer
During the year, they received accreditation from NABL for our testing laboratory, further strengthening our commitment to quality, reliability, and best industry practices.
Laxmi Dental Limited (BSE – 544339, NSE – LAXMIDENTL) announced its audited financial results for the quarter and full year ended March 31, 2025. The company’s FY25 PAT jumps 26% to ₹318.3 million as against ₹252.3 million in FY24. It reported revenue of ₹2,391.1 million FY25 as compared to ₹1935.6 million in FY24, marking an increase of 23.5% year-on-year.
EBITDA stood at ₹418.7 million in FY25 as compared to ₹237.9 million in FY24, reflecting a 76% growth year-on-year.
Key financial highlights for FY 2024 – 2025:
Kids-e-Dental
Q4FY25 revenue: ₹47 million
FY25 revenue: ₹263 million
As guided in the previous quarter, the company continues to see softness in this business impacting the Revenue and PAT growth for Q4 FY25
With registrations in export markets, this business is expected to deliver exceptional growth in the following years
Other expenses include ₹4.5 million of additional costs pertaining to IDS event which takes place once in every 2 years. This is expected to yield long term benefits
Increase in employee cost is primarily due to the ESOP expenses which is non-cash in nature
Q4FY25: ₹17.5 million / FY25: ₹21.1 million
For FY26 it is expected to be ₹63.4 million
Due to above mentioned IDS and ESOP related expenses, margins were impacted in Q4 FY25
For better comparability, one can look at the Adjusted EBITDA which includes – Reported EBITDA, 60% of Kids-e-dental PAT, IDS event expenses and ESOP expenses.
Info Edge (India) Limited (NSE: Naukri, BSE: Naukri, 532777) reported its Audited Standalone and Consolidated Financial Results for the quarter and fiscal year ended March 31, 2025.
Info Edge (India) Limited reported a 19.0% year-on-year growth in standalone billings for the quarter, reaching ₹983.8 crore. Billings in the recruitment business grew by 18.4%, while the non-recruitment verticals—99acres (real estate), Jeevansathi (matrimony), and Shiksha (education) recorded growth of 21.9%, 23.9%, and 15.9%, respectively.
Revenue from Operations was ₹687.1 crore on a standalone basis for the quarter ended March 31, 2025, compared to ₹608.3 crore in the corresponding quarter of the previous fiscal. The recruitment business continued the uptick in Q4, whereas non-recruitment businesses also continued to grow with cash profitability.
The company registered an operating profit of ₹231.5 crore and an operating profit margin of 33.7% of revenue on a standalone basis in Q4FY25. The standalone business generated cash from operations (before taxes) of ₹536.2 crore for the quarter.
While announcing the results, Hitesh Oberoi, Managing Director and Chief Executive Officer, said, “After a muted start, recruitment billings accelerated well quarter-over-quarter, growing over 18% in Q4. Our non recruitment businesses also sustained their momentum, gaining market share over the past few quarters and turning cash positive for the full year.”
Mr. Chintan Thakkar, Director and Chief Financial Officer said “All our businesses performed well in Q4, resulting in a 15% year-over-year growth in cash flow from operations. The contribution from non- recruitment businesses to cash generation is a positive step toward portfolio diversification. As of March 31, 2025, our standalone cash balance, including wholly owned subsidiaries, stood at ₹4,786 crore, underscoring the company’s strong financial position.”
Royal Orchid Hotels reported standalone net profit for the quarter ended March 2025 at ₹3.85 crore as against ₹5.74 crore in the corresponding quarter last year.
Board recommended final dividend of ₹2.5 per share.
Stock declined 2.46% on the NSE to ₹374.40.
CIEL HR Services, a Chennai-based tech-driven human service solutions provider, prepares for IPO after market delay.
Historic PAT: ₹ 204 crores in FY25 up 69% Y-O-Y.
Order Book of ₹ 10,545 crores with healthy bid pipeline
Capacit’e Infraprojects Limited today announced its financial results for the quarter & year ended March 31, 2025
Consolidated Performance highlights for FY25.
Total Income for FY25 stood at ₹ 2,407 crores, up by 23% as compared to ₹ 1,964 crores in FY24.
EBIDTA for FY25 stood at ₹ 437 crores, up by 20% as compared to ₹ 363 crores in FY24. EBIDTA margin for FY25 stood at 18.2% as compared to 18.5% in FY24.
EBIT for FY25 stood at ₹ 342 crores, up by 30% as compared to ₹ 262 crores in FY24. EBIT margin for FY25 stood at 12.6% as compared to 13.3% in FY24.
PAT for FY25 stood at ₹ 204 crores, up by 69% as compared to ₹ 120 crores in FY24. PATmargin for FY25 stood at 8.5% as compared to 6.1% in FY24.
Consolidated Performance highlights for Q4 FY25
Total Income for Q4 FY25 stood at ₹ 705 crores, up by 16% as compared to ₹ 609 crores in Q4 FY24.
EBIDTA for Q4 FY25 stood at ₹ 119 crores, down by 1% as compared to ₹ 121 crores in Q4FY24. EBIDTA margin for Q4 FY25 stood at 16.9% as compared to 19.8% in Q4 FY24.
EBIT for Q4 FY25 stood at ₹ 93.4 crores, down by 5% as compared to ₹ 98.6 crores in Q4 FY24.
EBIT margin for Q4 FY25 stood at 13.3% as compared to 16.2% in Q4 FY24.
PAT for Q4 FY25 stood at ₹ 53.1 crores, up by 2% as compared to ₹ 51.8 crores in Q4 FY24. PAT margin for Q4 FY25 stood at 7.5% as compared to 8.5% in Q4 FY24.
Gross Debt stood at ₹ 417 crores as on March 31, 2025 with Gross Debt to Equity at 0.24x. Net Debt to Equity stood at 0.11x
The Company continued its focus on increasing execution across projects.
Order book on standalone basis stood at ₹ 10,545 crores as of March 31, 2025. Public sector accounts for 68% while private sector accounts for 32% of the total order book.
Robust Hotels reported net profit for the quarter ended March 2025 at ₹10.28 crore as against ₹2.06 crore in the corresponding quarter last year.
Shares hit upper circuit on the NSE at ₹254.14 as at 2.49 pm, higher by 10%.
Coal India informed that the draft red herring prospectus dated May 26, 2025 of Central Mine Planning & Design Institute Limited (CMPDIL), a wholly owned subsidiary of Coal India Limited, was filed with SEBI, BSE and NSE. The DRHP filing pertains to the proposed initial public offering (“IPO”) of CMPDIL comprising an offer for sale of up to 71,400,000 equity shares by Coal India Limited, which remains subject to receipt of applicable approvals, market conditions, and other relevant considerations.
Fusion CX files for IPO to raise Rs 1,000 crore, with plans to utilize funds for debt payment and growth.
InterGlobe Aviation promoter Rakesh Gangwal sells 5.7% stake in IndiGo for $1.33 billion through block deal.
Bondada Engineering Limited has secured LOA from M/s. Telangana Power Generation Corporation Limited (TGGENCO) for setting up of Battery Energy Storage Systems (BESS)
The Broad consideration for this order shall be Rs. 204.20 Crores (including GST) for a period of 12 years.
Shares zoomed 4.16% on the BSE to ₹487.
Gujarat Fluorochemicals’ standalone net profit for the quarter ended March 2025 stood at ₹167 crore as against ₹86 crore in the corresponding quarter last year.
Shares traded flat on the NSE at ₹4,001.90.
IPO News Live Today, Schloss Bangalore IPO/ Leela Hotels IPO, Aegis Vopak Terminals IPO, Prostarm Info Systems IPO, ASTONEA LABS IPO GMP Live Updates Today: Key highlights | Track live updates on four IPOs here Brookfield Asset Management-backed Schloss Bangalore IPO, which operates Leela Palaces Hotels and Resorts, was subscribed 6 per cent on the first day of bidding. The company garnered ₹1,575 crore from anchor investors. The issue, with a price band of ₹413-435 per share, will conclude on May 28. The IPO of Aegis Vopak Terminals, a subsidiary of Aegis Logistics Ltd, received a 26 per cent subscription on Monday, the first day of bidding. The company raised ₹1,260 crore from anchor investors and price band for the issue is ₹223- ₹235 per share. IPO will conclude on May 28. Prostarm Info Systems IPO opened for subscription on May 27, aiming to raise ₹168 crore via fresh issue. Price band set at ₹95-₹105 per share. ASTONEA LABS opened for subscription on May 27, aiming to raise ₹37.67 crore. The price band for this SME IPO is set between ₹128-₹135 per share. Track live updates on these IPOs here.
TTK Prestige’s standalone net profit for the quarter ended March 2025 stood at ₹3.94 crore as against ₹63.13 crore in the corresponding quarter last year.
On consolidated basis, it reported a loss of ₹40.64 crore in the quarter under review as against ₹58.71 crore profit in the corresponding quarter previous year.
Board recommended dividend of ₹6 per share.
Shares traded 4.27% lower on the NSE at ₹656.20.
INOX India’s Beverage Kegs manufacturing at Savli Plant receives approvals from global brewery majors Heineken and ABinBev
Stock surged 3.28% on the NSE to ₹1,219.40
Worldline ePayments India Private Limited, a leader in digital payments, today announced that it has received authorisation from the Reserve Bank of India (RBI) to operate as an Export-Import Payment Aggregator – Cross-Border (PA-CB E&I) under the Payment and Settlement Systems Act, 2007. This authorisation enables Worldline ePayments India to facilitate cross-border online transactions for the import and export of goods and services.
Shriram Properties’ standalone net profit for the quarter ended March 2025 stood at ₹9.91 crore as against ₹56.78 crore in the corresponding quarter last year and ₹45.29 crore loss in December 2024 quarter.
The consolidated profit for the quarter under review stood at ₹47.78 crore as against ₹20.22 crore in the corresponding quarter previous year.
Shares traded 11.09% higher on the NSE at ₹93.97
Ambika Cotton Mills’ net profit for the quarter ended March 2025 stood at ₹15.86 crore as against ₹16.09 crore in the corresponding quarter last year.
Board recommended Final Dividend of ₹37 per equity share.
Shares traded flat on the NSE at ₹1,563.50.
Info Edge (India)‘s standalone net profit for the quarter ended March 2025 stood at ₹255.1 crore as against ₹211 crore in the corresponding quarter last year.
Board recommended Final Dividend of ₹3.60 per equity share.
Shares traded flat on the NSE at ₹1,459.50.
PM Modi emphasizes urban economy growth to propel India to third-largest economy status, focusing on Tier 2 and 3 cities.
Copper futures trading analysis for May and June contracts, with price bands, support, resistance levels, and trade strategies discussed.
Pyramid Technoplast’s net profit for the quarter ended March 2025 declined to ₹6.61 crore as against ₹73 crore in the corresponding quarter last year.
Board recommended Final Dividend of ₹0.50 per equity share.
Shares declined 2.12% on the NSE to ₹158.04.
Deccan Cements’ standalone net profit for the quarter ended March 2025 stood at ₹7.95 crore as against ₹3 crore in the corresponding quarter last year.
Board recommended Final Dividend of 0.60 per equity share.
Shares up 1.05% on the NSE to ₹762.55 as at 1.27 pm.
Olectra Greentech has issued clarification pertaining to e-buses contract.
“We had submitted the required disclosure vide our letter dated 7th July, 2023 under Regulation 30 of SEBI (LODR) Regulations, 2015 about bagging of aforesaid order for 5,150 Buses from MSRTC along with all required details.
In terms of the tender conditions, EVEY Trans Private Limited is executing this Contract with MSRTC through its Special Purpose Vehicle/SPV (namely EVEY Trans (MSR) Private Limited) where in Olectra is having 1% stake and EVEY is having 99% stake as a Lead Bidder. In view of above, all the communications about this project shall be made between the SPV and MSRTC itself.
At present the Contract execution is under process and as per the clarification provided by EVEY they haven’t received any such order as of now.”
Shares traded 5.85% lower on the NSE at ₹1,266.70
Equity indices show volatility as investors react to global cues, profit booking; sectoral performance mixed, focus on upcoming economic data.
Standard Glass Lining Technology stock traded flat on the NSE at ₹178.75 as at 1 pm.
Its standalone net profit for the quarter ended March 2025 stood at ₹10.32 crore as against ₹9.56 crore in the corresponding quarter last year.
· Gold saw profit booking as safe-haven purchasing eased after U.S. President Donald Trump announced he would postpone his intention to put 50% tariffs on imports from the European Union from June to July.
· To allow negotiators more time to establish a trade agreement, European Commission President Ursula von der Leyen requested the extension, which is why there has been a delay.
· In addition to the robust demand from central banks and institutional investors, the world is still adjusting to U.S. trade policies and geopolitical uncertainties, which should push demand for gold investments above current levels.
Technical Triggers
· Gold prices are expected to trade in the range of $3275(~Rs 95000) and $3375(~Rs 96400) in the near term. Either side breakout or breakdown will give 2-3% movement.
· As suggested yesterday, Silver prices won’t sustain above $34. We saw reversal and profit booking at those levels. Consolidation in this range of $32.5(~Rs 96000) and $34(~Rs 99000) would continue in the near term.
Onward Technologies has acquired 50,000 Equity Shares which comprises of 0.22% of the total paid up share capital of the Company from the open market
Get a daily digest of key market news before trading starts, including IPO hopes for NSE and defence stocks.
A 4 per cent yearly increase in retail sales was reported in April compared to the same month of 2024, the Retailers Association of India (RAI) said, basis its survey.
The survey points to steady domestic demand at a time when global trade conditions remain unsettled.
Regional data showed that North and West India recorded the highest year-on-year growth at 6 per cent and 5 per cent, respectively. – ANI
IPO News Live Today, Schloss Bangalore IPO/ Leela Hotels IPO, Aegis Vopak Terminals IPO, Prostarm Info Systems IPO, ASTONEA LABS IPO GMP Live Updates Today: Key highlights | Track live updates on four IPOs here Brookfield Asset Management-backed Schloss Bangalore IPO, which operates Leela Palaces Hotels and Resorts, was subscribed 6 per cent on the first day of bidding. The company garnered ₹1,575 crore from anchor investors. The issue, with a price band of ₹413-435 per share, will conclude on May 28. The IPO of Aegis Vopak Terminals, a subsidiary of Aegis Logistics Ltd, received a 26 per cent subscription on Monday, the first day of bidding. The company raised ₹1,260 crore from anchor investors and price band for the issue is ₹223- ₹235 per share. IPO will conclude on May 28. Prostarm Info Systems IPO opened for subscription on May 27, aiming to raise ₹168 crore via fresh issue. Price band set at ₹95-₹105 per share. ASTONEA LABS opened for subscription on May 27, aiming to raise ₹37.67 crore. The price band for this SME IPO is set between ₹128-₹135 per share. Track live updates on these IPOs here.
SpiceJet stock traded flat on the BSE at ₹44.50. On Monday, it said a division bench of the Delhi High Court has rejected an appeal of KAL Airways and Kalanithi Maran seeking damages of over Rs 1,300 crore and other claims.
OYO in talks with banks for IPO, aiming for $6-7 billion valuation, considering filing DRHP between Aug-Sept.
The worst is over for India’s microfinance sector, with stress levels posed to ease over the next two quarters, said Axis Securities in its latest report.
Microfinance companies are hopeful that growth will return to normal from the second half of the financial year (FY) 2026. However, the report added that the first half of FY26 is likely to remain tough, with higher loan defaults and slower business expansion. – ANI
Stocks advanced on BSE at 12 noon on May 27, 2025, were 1,952 against 1,761 stocks that declined, and 167 remained unchanged. Total stocks traded were 3,880. The number of stocks that recorded a 52-week high was 62, and those that hit a 52-week low was 23. A total of 183 stocks traded in the upper circuit, and 172 in the lower circuit.
Celebrity Fashions reported its net loss for the quarter ended March 2025 at ₹2.15 crore as against ₹1.06 crore loss in March 2024 quarter.
Shares traded at ₹12.23 on the NSE, down 1.05%.
Infosys announced collaboration with E.ON, one of Europe’s largest energy companies with business in energy networks, energy infrastructure solutions, and retail. This collaboration will help create an experience-led, data-driven, sustainability-focused digital workplace ecosystem, facilitating E.ON’s transition to a full stack digital energy company that will aim to realize business value through AI.
Infosys stock traded flat on the NSE at ₹1,572.10.
Sanlam, South Africa’s largest asset manager with $80 billion in AUM,has entered the Indian Asset Management market with strategic investment in Shriram AMC.
Shriram AMC has completed a preferential allotment of 38.89 lakh equity shares to Sanlam Emerging Markets (Mauritius), raising ₹105 crore in growth capital.
With this allotment and the mandatory open offers, SEMM now holds a 23 per cent direct stake in India’s first listed AMC and joins as a co-promoter alongside existing promoter Shriram Credit Company.
As a result, total promoter shareholding has increased from 62.55 per cent to 71.17 per cent, and Shriram AMC’s Board will be reconstituted to include Sanlam’s representatives, said the company in a statement on Tuesday.
InterGlobe Aviation stock declined 1.92% on the NSE to ₹5,316, after hitting an intraday low of ₹5,230.50 as its promoter Rakesh Gangwal and his family trust on Tuesday sold a 5.7 per cent stake in the airline for about Rs 11,385 crore (USD 1.33 billion) through a block deal, according to sources.
Schneider Electric Infrastructure stock jumped 8.70% on the NSE to ₹737.70 as at 11.24 am on multi-fold rise in its net profit to ₹54.61 crore in the March quarter, mainly due to higher revenues.
Dr. Agarwal’s Health Care is expanding its operations in a new geography – National Capital Region. The Company is opening its first Eye Care Facility in New Delhi.
Stock traded at ₹379.65 on the NSE, down 1.04%.
Godawari Power And Ispat has now received approval of updated mining plan from Indian Bureau of Mines, Govt of India for next 5 years up-to 31-03-2030 and the operations at Boria Tibu mines resumed with effect from 27.05.2025.
Godawari Power And Ispat stock traded flat on the NSE at ₹199.95
IPO News Live Today, Schloss Bangalore IPO/ Leela Hotels IPO, Aegis Vopak Terminals IPO, Prostarm Info Systems IPO, ASTONEA LABS IPO GMP Live Updates Today: Key highlights | Track live updates on four IPOs here Brookfield Asset Management-backed Schloss Bangalore IPO, which operates Leela Palaces Hotels and Resorts, was subscribed 6 per cent on the first day of bidding. The company garnered ₹1,575 crore from anchor investors. The issue, with a price band of ₹413-435 per share, will conclude on May 28. The IPO of Aegis Vopak Terminals, a subsidiary of Aegis Logistics Ltd, received a 26 per cent subscription on Monday, the first day of bidding. The company raised ₹1,260 crore from anchor investors and price band for the issue is ₹223- ₹235 per share. IPO will conclude on May 28. Prostarm Info Systems IPO opened for subscription on May 27, aiming to raise ₹168 crore via fresh issue. Price band set at ₹95-₹105 per share. ASTONEA LABS opened for subscription on May 27, aiming to raise ₹37.67 crore. The price band for this SME IPO is set between ₹128-₹135 per share. Track live updates on these IPOs here.
Midhani (+4.26%), Cochin Shipyard (+2.51%), GRSE (+2.45%), Zen Tech (2.03%), BDL (+1.92%)
Railtel Corporation Of India Limited has received the work order from Office Of The Inspector General Of Police (Technical Services) for Supply, install and Maintenance of Integrated Security Solution for Edge Devices to AP Police Dept amounting to Rs. 25,12,94,570 (Including Tax).
Stock traded flat on the NSE at ₹384.25
Multiples Alternate Asset Management (Multiples), an India-focused private equity firm, announced the close of a $430 million continuation fund.
Lincoln Pharmaceuticals aims for ₹1000 crore revenue in 3 years, focusing on cardiac, diabetic, derma, and ENT segments.
Nifty Bank index slips 0.9%, private banks under selling pressure, futures trading near support at 55,000.
Nifty struggles to rise above 25,000, with potential for further decline; traders advised to wait for better opportunities.
Q4 Results 27th May, 2025 live updates: Find all the latest Q4 results 2025 updates for LIC, Reliance communication, Bosch, NMDC, Hindustan Copper, ITI, Goodyear, Medplus Health Service, Jindal Capital, Info Edge India, Bharat Dynamics, Procter and Gamble Hygiene and Health Care, Gujarat Fluorochemicals Limited, EID Parry (India), Techno Electric & Engineering Company Ltd, Minda Corporation, JK Lakshmi Cement, TTK Prestige, Triveni Engineering and Industries, Rashtriya Chemicals and Fertilisers, Zinka Logistics Solutions, Time Technoplast, Sansera Engineering, Ajax Engineering, V2 Retail, Rattanindia Enterprises,Entero Healthcare Solutions, Supriya Lifescience, ELITECON INTERNATIONAL, Unimech Aerospace and Manufacturing, Sky Gold and Diamonds, Diamond Power Infrastructure, Sunflag Iron and Steel Company, Dynamatic Technologies, Network People Services Technologies, DCX Systems, Quality Power Electrical Equipments, Gateway Distriparks, Marine Electricals India, JTL Industries, Carraro India, TVS Srichakra, Monarch Networth Capital, Rane Madras, Kalyani Investment Company, Ravindra Energy, Afcom Holdings, DEE Development Engineers, Simplex Infrastructures, Suraj Estate Developers, Sri Adhikari Brothers Television, Mufin Green Finance, Amines and Plasticizers, Oriental Rail Infrastructure, Zuari Industries, RDB Infrastructure and Power, ADC India Communications, Hercules Hoists and few more companies to announce their Q4 results today. Gillette India, SUMITOMO CHEMICAL INDIA, General Insurance Corporation of India, KEC International, Brainbees Solutions, Blue Dart Express, Akums Drugs and Pharmaceuticals and more announced results yesterday, May 26, 2025. Scroll down for more
General Insurance Corporation of India stock traded 2.71% lower on the NSE at ₹419.80 as at 10.35 am.
Company posted a 17% decline in net profit to ₹2,183 crore for the fourth quarter ended March 2025.
Action Construction Equipment Ltd reported consolidated net profit for the quarter ended March 2025 at ₹118.56 crore as against ₹98.44 crore in the corresponding quarter last year.
Board recommended dividend of ₹2 per share.
Mumbai weather today, Mumbai rains live news updates: A cyclonic circulation over the north-west and adjoining west-central Bay of Bengal is likely to evolve into a low-pressure area by Tuesday, shifting the monsoon’s momentum. This development is expected to pull the core monsoon activity towards the south-west coast and peninsular India over the next 4–5 days, the IMD said. States including Kerala, Karnataka (coastal and interior), Andhra Pradesh, Telangana, Tamil Nadu, and Puducherry will see widespread to extremely heavy rainfall, thunderstorms, and gusty winds. Isolated extremely heavy rain is forecast over Konkan and Madhya Maharashtra today, while Mumbai may see a brief lull as rain belts shift towards south and east Gujarat and deeper inland. Light to moderate rain continues across Mumbai and parts of Maharashtra, including Nashik, Pune, and Kolhapur. Heavy rain is also lashing Goa, Coastal Karnataka, and North Kerala, with scattered showers over interior Karnataka and the hills of Tamil Nadu, including Coimbatore, Valparai, and Tenkasi. Track live updates on Mumbai rains here.
Dixon Technologies (India) Limited ramps up production in Chennai, plans JV with Inventec for IT hardware manufacturing.
Aurobindo Pharma stock traded 1.32% positive on the NSE at ₹1,196.50 as at 10.21 am, after opening lower at ₹1,172.90.
Its consolidated PAT dipped marginally to ₹903 crore for the fourth quarter ended March 2025 as against ₹907 crore in the January-March quarter of FY24.
BEL (+0.77%), IndusInd (+0.54%), Dr Reddy’s (+0.39%), SBI Life (+0.19%), Hindalco (+0.07%)
Top losers:
UltraTech Cement (-2.22%), Grasim (-1.67%), NTPC (-1.41%), ICICI Bank (-1.37%)
Bayer CropScience stock rallied 12.04% on the NSE to ₹5,748.50, after hitting a high of ₹5,802, as its net profit jumped 49.27% to ₹143.3 crore for the fourth quarter of FY25 on higher revenue.
Blue Dart Express stock tanked 4.78% on the NSE to ₹6,843.50, after opening lower at ₹7,071.
The company reported 29% decline in its consolidated net profit to ₹55.15 crore for the March quarter of FY25.
Laxmi Dental recorded its consolidated net profit for the quarter ended March 2025 at ₹4.3 crore as against ₹7.70 crore in the corresponding quarter last year.
Shares down 3.90% on the NSE to ₹382.15 as at 10.03 am.
Q4 Results 27th May, 2025 live updates: Find all the latest Q4 results 2025 updates for LIC, Reliance communication, Bosch, NMDC, Hindustan Copper, ITI, Goodyear, Medplus Health Service, Jindal Capital, Info Edge India, Bharat Dynamics, Procter and Gamble Hygiene and Health Care, Gujarat Fluorochemicals Limited, EID Parry (India), Techno Electric & Engineering Company Ltd, Minda Corporation, JK Lakshmi Cement, TTK Prestige, Triveni Engineering and Industries, Rashtriya Chemicals and Fertilisers, Zinka Logistics Solutions, Time Technoplast, Sansera Engineering, Ajax Engineering, V2 Retail, Rattanindia Enterprises,Entero Healthcare Solutions, Supriya Lifescience, ELITECON INTERNATIONAL, Unimech Aerospace and Manufacturing, Sky Gold and Diamonds, Diamond Power Infrastructure, Sunflag Iron and Steel Company, Dynamatic Technologies, Network People Services Technologies, DCX Systems, Quality Power Electrical Equipments, Gateway Distriparks, Marine Electricals India, JTL Industries, Carraro India, TVS Srichakra, Monarch Networth Capital, Rane Madras, Kalyani Investment Company, Ravindra Energy, Afcom Holdings, DEE Development Engineers, Simplex Infrastructures, Suraj Estate Developers, Sri Adhikari Brothers Television, Mufin Green Finance, Amines and Plasticizers, Oriental Rail Infrastructure, Zuari Industries, RDB Infrastructure and Power, ADC India Communications, Hercules Hoists and few more companies to announce their Q4 results today. Gillette India, SUMITOMO CHEMICAL INDIA, General Insurance Corporation of India, KEC International, Brainbees Solutions, Blue Dart Express, Akums Drugs and Pharmaceuticals and more announced results yesterday, May 26, 2025. Scroll down for more
IPO News Live Today, Schloss Bangalore IPO/ Leela Hotels IPO, Aegis Vopak Terminals IPO, Prostarm Info Systems IPO, ASTONEA LABS IPO GMP Live Updates Today: Key highlights | Track live updates on four IPOs here Brookfield Asset Management-backed Schloss Bangalore IPO, which operates Leela Palaces Hotels and Resorts, was subscribed 6 per cent on the first day of bidding. The company garnered ₹1,575 crore from anchor investors. The issue, with a price band of ₹413-435 per share, will conclude on May 28. The IPO of Aegis Vopak Terminals, a subsidiary of Aegis Logistics Ltd, received a 26 per cent subscription on Monday, the first day of bidding. The company raised ₹1,260 crore from anchor investors and price band for the issue is ₹223- ₹235 per share. IPO will conclude on May 28. Prostarm Info Systems IPO opened for subscription on May 27, aiming to raise ₹168 crore via fresh issue. Price band set at ₹95-₹105 per share. ASTONEA LABS opened for subscription on May 27, aiming to raise ₹37.67 crore. The price band for this SME IPO is set between ₹128-₹135 per share. Track live updates on these IPOs here.
Sensex and Nifty drop in early trade due to IT stocks and weak Asian markets, experts cautious on upcoming data.
Rupee weakens against US dollar due to cautious investors ahead of key economic data release.
Coforge and Nylas partner to revolutionise Salesforce customer scheduling and communication
Coforge shares traded flat on the NSE at ₹8,425.50
Crude oil futures drop on OPEC+ supply increase expectations; other commodities also see decline in trading prices.
(net income adj. ests. in INR where available):
* Bharat Dynamics Ltd. (BDL IN) 4Q 4.56b (4 analysts)
* Bosch Ltd. (BOS IN) 4Q 5.17b (3)
* EID Parry India Ltd. (EID IN) 4Q
* Esab India Ltd. (ESAB IN) 4Q
* Gateway Distriparks Ltd. (GRFL IN) 4Q 1.11b (3)
* Gujarat Fluorochemicals Ltd. (FLUOROCH IN) 4Q 1.51b (7)
* Hindustan Copper Ltd. (HCP IN) 4Q
* Info Edge India Ltd. (INFOE IN) 4Q 2.67b (15)
* ITI Ltd. (ITI IN) 4Q
* JK Lakshmi Cement Ltd. (JKLC IN) 4Q 1.3b (12)
* Life Insurance Corp. of India (LICI IN) 4Q 124b (3)
* Medplus Health Services Ltd. (MEDPLUS IN) 4Q 464m (4)
* Minda Corp. (MDA IN) 4Q 635m (4)
* NMDC Ltd. (NMDC IN) 4Q 20.1b (10)
* NMDC Steel Ltd. (NSLNISP IN) 4Q
* Procter & Gamble Hygiene & Hea (PG IN) 3Q 1.95b (3)
* Rashtriya Chemicals & Fertilizers (RCF IN) 4Q
* TTK Prestige Ltd. (TTKPT IN) 4Q 558m (7)
* Techno Electric & Engineering (TECHNOE IN) 4Q
* Triveni Engineering & Industries (TRE IN) 4Q 1.85b (3)
* Twamev Construction & Infra (TICL IN) 4Q
* Adani Ports (ADSEZ): Incorporates unit East Africa Ports FZCO
* Aurobindo Pharma (ARBP): 4Q Net Income Misses Estimates
* BrainBees Solutions (FIRSTCRY): Approved investment of 1.46 billion rupees in Globalbees brand
* Blue Dart: Blue Dart 4Q Net Income Misses Estimates
* Dabur India (DABUR): Approves amalgamation of Sesa Care with co.
* Motherson Sumi Wiring (MSUMI): To consider free shares issue plan on May 29
* New Delhi Television (NDTV): Names Rahul Kanwal as CEO & Editor-in-chief
* Nestle India (NEST): Says Life Insurance Corp. raises its atke in NEST above 5%
* Sundaram Finance (SUF): 4Q Net Income Beats Estimates
Gold hovered close to a two-week high on Tuesday, supported by a weaker dollar and concerns over the U.S. fiscal outlook, while investors awaited more U.S. economic data for more clarity on interest rate trajectory.
Spot gold was little changed at $3,339.99 an ounce, as of 0228 GMT. Markets in the U.S. and London were closed on Monday for a holiday.
U.S. gold futures fell 0.8% to $3,339.80. – Reuters
CMPDIL, a unit of Coal India, files for IPO with SBI Capital Markets and IDBI Capital Markets as lead managers.
The RBI is set to infuse an additional Rs 36,000 crore into the financial system by re-issuing two dated government securities.
Schneider Electric: Net Profit at Rs 54.61 Cr Vs Rs 3.28 Cr, Revenue at Rs 586 Cr Vs Rs 471 Cr (YoY) (Positive)
Goldiam International: Net Profit at Rs 232 Cr Vs Rs 178 Cr, Revenue at Rs 2018 Cr Vs Rs 1513 Cr (YoY) (Positive)
Lumax Industries: Net Profit at Rs 43.97 Cr Vs Rs 36.06 Cr, Revenue at Rs 923.37 Cr Vs Rs 742.68 Cr (YoY) (Positive)
Action Construction: Net Profit at Rs 118.56 Cr Vs Rs 98.45 Cr, Revenue at Rs 960 Cr Vs Rs 835 Cr (YoY) (Positive)
Bayer CropScience: Net Profit at Rs 143.3 Cr Vs Rs 96 Cr, Revenue at Rs 1046.4 Cr Vs Rs 792.3 Cr (YoY) (Positive)
AXISCADES: Net Profit at Rs 31.49 Cr Vs Rs 8.98 Cr, Revenue at Rs 267.97 Cr Vs Rs 255.81 Cr (YoY) (Positive)
Akums: Net Profit at Rs 147.3 Cr Vs loss Rs 41.3 Cr, Revenue at Rs 1056 Cr Vs Rs 944 Cr (YoY) (Positive)
KEC: Net Profit at Rs 268.2 Cr Vs Rs 151.7 Cr, Revenue at Rs 6872 Cr Vs Rs 6165 Cr (YoY) (Positive)
Awfis: Net Profit at Rs 11.2 Cr Vs Rs 1.4 Cr, Revenue at Rs 340 Cr Vs Rs 232.0 Cr (YoY) (Positive)
KEI Industries: Delhi High Court quashed the Rs. 59 crore demand order issued on January 31, 2025, regarding GST for cross charging of corporate office expenses.. (Positive)
Tracxn Technologies: Company Board Approved Upto Rs 8 Cr Share Buyback at Rs 70 per Share (Positive)
Mothersumi Wiring: Board to mull bonus issue on May 29. (Positive)
NHPC: Commissioning of 3 units (250 MW each) of Subansiri Lower HE Project is expected from June 2025 (Positive)
Tourism Finance Corp: Aditya Kumar Halwasiya bought 10 lakh shares at Rs 213.82 per share. (Positive)
Orchid Pharma: Net Profit at Rs 22.29 Cr Vs Rs 32.95 Cr, Revenue at Rs 237 Cr Vs Rs 217 Cr (YoY) (Neutral)
Windsor Machines: Net loss at Rs 4.14 Cr Vs Rs 7.47 Cr, Revenue at Rs 120 Cr Vs Rs 109 Cr (YoY) (Neutral)
Vadilal Industries: Net Profit at Rs 22 Cr Vs Rs 27.64 Cr, Revenue at Rs 274.47 Cr Vs Rs 251.45 Cr (YoY) (Neutral)
Optiemus Infracom: Net Profit at Rs 22.45 Cr Vs Rs 24.04 Cr, Revenue at Rs 449 Cr Vs Rs 490 Cr (YoY) (Neutral)
Auro Pharma: Net Profit at Rs 902.8 Cr Vs Poll of Rs 1,041.50 Cr, Revenue at Rs 8,382.1 Cr Vs Poll of Rs 8,368.30 Cr (Neutral)
Brainbees: Net loss at Rs 76.7 Cr Vs Rs 51.7 Cr, Revenue at Rs 1930 Cr Vs Rs 1666 Cr (YoY) (Neutral)
Hi Tech: Net Profit at Rs 17.6 Cr Vs Rs 11.1 Cr, Revenue at Rs 734 Cr Vs Rs 681 Cr (YoY) (Neutral)
Sumitomo Chem: Net Profit at Rs 99.6 Cr Vs Rs 109.7 Cr, Revenue at Rs 679 Cr Vs Rs 674 Cr (YoY) (Neutral)
PTC India: Net Profit at Rs 343 Cr Vs Rs 91 Cr, Revenue at Rs 3006 Cr Vs Rs 3507 Cr (YoY) (Neutral)
Capacite: Net Profit at Rs 52.5 Cr Vs Rs 51.7 Cr, Revenue at Rs 671 Cr Vs Rs 599 Cr (YoY) (Neutral)
Indigo: Rakesh Gangwal to Sell 3.4%; size Rs 6831 cr, floor Price Rs 5175/Sh. (Neutral)
PGEL: Promoters to sell upto 5.62%; size Rs 1177cr, floor price Rs 740/sh. (Neutral)
Sagility: Promoter Sagility B.V. to sell up to (7.39%) via OFS, Option to oversubscribe with an additional (7.62%), potentially totaling 15.02% of equity. (Neutral)
BSE: Securities and Exchange Board of India (SEBI) issues statement w.r.t expiry day for equity derivative contracts. (Neutral)
Dabur: Board approves amalgamation of Sesa Care with the company. (Neutral)
F&O Additions: 360OneWam, Amber, Kfin Tech & PG Electroplast will be added to F&O effective June 27, 2025. (Neutral)
Nestle: Company acquires minority stake in Indian Pet Food firm Drools (Neutral)
Price Band change from 10% to 5%: Emcure, Kernex Microsystems. (Neutral)
Price Band change from 20% to 10%: Khaitan, HLE. (Neutral)
Trident: Ex-Date today, Dividend Rs 0.5/Sh (Neutral)
LTF: Ex-Date today, Dividend Rs 2.75/Sh (Neutral)
Man Infra: Ex-Date today, Dividend Rs 0.6/Sh (Neutral)
Colgate: Ex-Date tomorrow, Dividend Rs 27.0/Sh (Neutral)
ITC: Ex-Date tomorrow, Dividend Rs 7.85/Sh (Neutral)
Kennametal India Ltd: Ex-Date tomorrow, Dividend Rs 40/Sh (Neutral)
Olectra Green: Maharashtra Transport Minister orders cancellation of e-bus order (Negative)
JITF Infralogistics: Net Profit at Rs 0.57 Cr Vs Rs 29.19 Cr, Revenue at Rs 787 Cr Vs Rs 653 Cr (YoY) (Negative)
Shilpa Medicare: Net Profit at Rs 15 Cr Vs Rs 24.5 Cr, Revenue at Rs 330.8 Cr Vs Rs 291.7 Cr (YoY) (Negative)
TIL Limited: Net Profit at Rs 9.76 Cr Vs Rs 168.59 Cr, Revenue at Rs 101.52 Cr Vs Rs 31.43 Cr (YoY) (Negative)
Talbros Automotive: Net Profit at Rs 26.58 Cr Vs Rs 49.78 Cr, Revenue at Rs 205.8 Cr Vs Rs 202.6 Cr (YoY) (Negative)
FY 2024-25: Revenue from Operations of ₹54,734 million and Profit Before Tax of ₹7,074 million
Q4 2024-25: Revenue from Operations of ₹10,464 million and Profit Before Tax of ₹1,679 million
Bayer CropScience Limited (BSE: 506285) on Monday announced its results for the financial year (FY) and quarter ended March 31, 2025.
In FY 2024-25, the Company’s Revenue from Operations increased to ₹54,734 million, compared to ₹51,062 million in the previous year. Profit Before Tax stood at ₹7,074 million, compared to ₹9,414 million in the previous year.
In Q4 of FY 2024-25, the Company registered Revenue from Operations of ₹10,464 million, compared to ₹7,923 million in the corresponding quarter of the previous year. Profit Before Tax for the quarter stood at ₹1,679 million, compared to ₹1,054 million in the corresponding quarter of the previous year.
Commenting on the quarterly results, Simon Wiebusch, Vice Chairman, Managing Director and CEO, BCSL said, “In Q4, our Revenue from Operations grew by 32 percent over the previous year, driven by strong performance in spring corn and by both strong performance and double-digit liquidation growth in the crop protection portfolio. The promotional investments made in the previous quarter generated significant returns. Quarter-on-quarter deviations reflect the realities of our agriculture. Our focus on liquidation-led channel management aligns with market realities and demonstrates our commitment to delivering continuous value.”
Speaking on the FY results, Vinit Jindal, Executive Director and Chief Financial Officer, BCSL, said, “Our Revenue from Operations grew by 7 percent for the full year, demonstrating our resilience amid challenges like unpredictable monsoons and competitive pressures. Despite strict cost management, higher input costs, provisions for doubtful receivables, and continued investments to expand Bayer’s reach among farmers, influenced our bottom line. Strategic investments drove operating costs. Moving forward, we will maintain focus on these initiatives and adapt our strategies to meet evolving market and stakeholder needs. The Board of Directors has recommended a final dividend payment of ₹35/- per equity share of ₹10/- each for the financial year ended March 31, 2025, subject to shareholders’ approval.”
Dhaneti, Gujarat: 26th May, 2025: Venus Pipes & Tubes Ltd, one of the leading stainless steel pipes and tubes manufacturers and exporters in India announced its audited financial results for the fourth quarter and full year ending March 31 st 2025.
Key financial highlights for Q4 & FY25:
* Revenue of Rs. 258 crore, a growth of 15.2% y-o-y for Q4FY25; FY25 revenue stood at Rs. 959 crore, a growth stood of 19.5%
* EBITDA of Rs 42 crore with EBITDA margins at 16.1% for Q4FY25 and Rs. 168 crore for FY25, growing by 14.6% y-o-y with margins at 18%
* PAT of Rs 24 crore with PAT margins at 9%; FY25 PAT stood at Rs. 93 crore, growing by 8.1% y-o-y with margins at 10%
Key Operational Highlights during the Quarter:
Revenue from Seamless Pipes/Tubes witnessed a growth of 18% and Welded Pipes/Tubes witnessed growth of 12% for FY25 on year-on-year basis
Our Cash generated from operations stood at Rs 87 crores for FY25
Additionally, during the year company focused on investing in human talent to strengthen the company’s position & reach
During the year we began expanding our product portfolio with foray into value added products with application across critical industries; and as a part of this, we have recently commenced operations of 3,600 MTPA capacity of value-added welded tubes. Addition of fittings capacity and value added seamless tubes will be operational in coming months
We have recently won an order worth Rs 190 crores for Stainless Steel Seamless Boiler Tubes used in series of Supercritical and Subcritical Thermal Power Project from India’s leading Integrated Power Plant equipment manufacturer
During the year, we received accreditation from NABL for our testing laboratory, further strengthening our commitment to quality, reliability, and best industry practices
Commenting on the financial performance, Arun Kothari, Managing Director, Venus Pipes & Tubes Ltd, said, “We are pleased to report a strong overall performance for FY25, with revenues reaching Rs. 958.5 crores — a growth of 19.5% compared to the same period last year. EBITDA grew by 14.6% to Rs. 167.6 crores, while PAT increased by 8.1%, standing at Rs. 92.9 crores. This year marked a significant phase of capacity ramp-up and the introduction of new value added product lines. We also focused on strengthening our leadership team by onboarding experienced talent at senior levels to reinforce our brand and support our expansion efforts. Despite global uncertainties in the latter part of the fiscal year, our exports grew more than threefold. We continue to deepen our presence in key international markets such as Europe, the United States, and the Middle East, and remain optimistic about sustaining this momentum into FY26. Our robust domestic presence continues to provide a natural hedge against global volatility. We enter FY26 with a strong order book, including a significant new contract from one of India’s leading integrated power plant equipment manufacturers. We have also operationalized our new capacity for value-added welded pipes. With the introduction of fittings products in the second half of the year, we will be among the few players offering a comprehensive range of piping solutions to our customers. Looking ahead, we remain focused on executing our growth strategy with agility and resilience. With a strong foundation in place, we are confident in delivering sustained value to all our stakeholders.
* CHAMBALFERT
* HINDCOPPER
* MANAPPURAM
* RBLBANK
* TITAGARH
Samvardhana Motherson International
* Board meeting on May 29 to consider bonus shares issue (Positive)
Thirumalai Chemicals
* Board meeting on May 29 to consider issuance of ₹1 billion debentures (Positive)
BrainBees Solutions
* Approved investment in GlobalBees Brands for up to ₹1.46 billion (Positive)
InterGlobe Aviation (IndiGo)
* Rakesh Gangwal to sell shares up to ₹6,831 crore (Neutral)
* Floor price at ₹5,175 per share, at 4.5% discount to CMP (Neutral)
NDTV
* Appoints Rahul Kanwal as CEO & Editor-in-Chief (Positive)
Adani Ports
* Incorporates East Africa Ports FZCO, AIPHL holds 100% shares (Positive)
NSE
* Adds 360 One WAM, Amber Ent, KFin Tech to F&O segment (Positive)
* Adds PG Electroplast to F&O segment, effective June 27 (Positive)
SEBI Update
* Final settlement day (expiry day) for equity derivatives contracts (Neutral)
* Exchanges to seek approval for modifying settlement day of derivatives contracts (Neutral)
* Minimum tenure of 1 month for all equity derivatives contracts (Neutral)
The Ministry of Road Transport & Highways (MoRTH) has removed the existing 3% cap on Additional Performance Security (APS) and implemented a revised framework for APS to deter abnormally low bids in National Highways projects and ensure quality as well as timely and effective completion. Effective April 30, 2025, APS applies to all central government road projects.
Earlier, relaxed bidding norms intensified competition in Central Government Road projects, resulting in significantly discounted bidding compared to the estimated cost, specifically in terrain projects. Aggressive new entrants in the sector led to discounted bids, causing delays in several projects or their execution with compromised quality.
As of March 2024, the Ministry of Statistics and Programme Implementation (MoSPI) reported that 440 out of 1,873 infrastructure projects (each worth Rs 150 crore or more) faced a cost overrun of Rs 5.01 lakh crore, a 18.65% increase from initial cost estimates. Furthermore, 41.59% of projects (i.e., 779 projects) are behind schedule, with average delays exceeding three years, while 393 have no set commissioning date. Issues such as poor project reports, delays in approvals, land acquisition, and environmental clearances contribute to these setbacks.
CareEdge Ratings’ View
Sandeep Aggarwal, Associate Director, CareEdge Ratings, said, “With the recent changes, working capital requirements for contractors are expected to increase due to higher cash margins on additional APS and the need for extra collateral mortgaged with banks and financial institutions. This may adversely affect the bidding capacity of contractors, leading to lower order book growth in FY26 and weakening debt coverage metrics due to higher finance cost.” “The impact may primarily be concentrated on contractors who bid aggressively with limited sanctioned bank guarantee (BG) limits in central government road construction projects. Nevertheless, the revised APS framework will discourage abnormally low bids in central government road projects, potentially reducing competition while ensuring higher quality and more effective completion,” concluded Puneet Kansal, Director, CareEdge Ratings
Ø Consolidated Financial Highlights
§ ACE registered its highest ever yearly & quarterly revenue and profits.
§ Continued growth momentum with Total Income growing by 14.6% on a YoY basis
§ EBITDA Increased by 26.2% YoY to Rs.606 crores, Margins expanded by 162 Bps to 17.68%
§ PAT Increased by 24.7% YoY to Rs.409 crores, Margins expanded by 97 Bps to 11.94%
§ Margin expansion was driven by operating leverage, a better product mix and efficient cost control measures
§ Cranes, Material Handling & Construction equipment Volumes grew by 14.75% YoY, Revenue grew by 15.70% YoY
Ø Management comments
On the macroeconomic front, Executive Director Sorab Agarwal shared that India continues to stand out as the fastest-growing major economy. Despite prevailing global uncertainties, the country’s GDP is projected to grow at a steady pace of around 6.5%. This momentum is underpinned by strong macroeconomic fundamentals — including easing inflation and a supportive monetary stance by the Reserve Bank of India.
Resilient domestic consumption, alongside the government’s sustained emphasis on capital expenditure, remains a key driver of economic growth. However, external risks persist in the form of rising trade barriers, disrupted global supply chains, and ongoing geopolitical tensions.
India is now positioned as the world’s fourth-largest economy & we are confident in the country’s ability to emerge as a global sourcing hub for goods and services. Our robust industrial capabilities, skilled workforce, and rapidly advancing infrastructure place us in a strong position to cater to global demand with both efficiency and excellence.
Ø Financial Performance
On a Standalone basis, we have achieved a total Income of Rs. 3,420 crores in this fiscal and recorded our highest ever yearly sales and profits in the year gone by. Our growth of 14.47% is ahead of the industry in our core sectors. Our EBITDA margins for the year expanded by 148 Bps to 17.52% from 16.04% last year and PBT expanded by 138 Bps to 15.88% and PAT increased by 83 bps to 11.80%. In absolute terms, EBITDA grew by 25% to Rs 599 Crores as against Rs 479 crores in the preceding year. We were able to increase our PBT by 25.36% from Rs. 433 Crores in FY24 to Rs. 543 Crores in FY25. Similarly our PAT also increased from Rs. 328 Crores to Rs. 404 Crores there by registering a growth upwards of 23 % in the last financial year.
The strong margin profile was led by better realisations, favourable product mix along with efficient cost control measures.
Optiemus Infracom Limited Q4 FY25 Results:-
Revenue 449 cr vs 490 cr down by -8.33% YoY & down by -4.7% QoQ
PAT 22.45 cr vs 24.04 cr down by -6.6% YoY & up by 49.7% QoQ
Tax Credit this Q4
Overall POOR 👎
#optiemusinfra #Q4Results
Action Construction Equipment Ltd Q4 FY25 Results:-
Revenue 960 cr vs 835 cr up by 14.97% YoY & up by 9.8% QoQ
PAT 118.56 cr vs 98.45 cr up by 20.42% YoY & up by 6.1%QoQ
Lower Other Income this Q4
Overall Decent👏
#actionconstruction #ACE #Q4Results
MUNJAL SHOWA: Q4 SL NET PROFIT 89M RUPEES VS 78.2M (YOY); 60M (QOQ)
MUNJAL SHOWA: Q4 REVENUE 3B RUPEES VS 2.94B (YOY)
MUNJAL SHOWA: Q4 EBITDA 72M RUPEES VS 67M (YOY) || Q4 EBITDA MARGIN 2.38% VS 2.29% (YOY)
MUNJAL SHOWA: CO DECLARES DIVIDEND OF RUPEES 4.5 PER SHARE
Talbros Automotive Components Ltd Q4 FY25 Results:-
Revenue 205.8 cr vs 202.6 cr up by 1.57% YoY & up by 2.18% QoQ
PAT 26.58 cr vs 49.78 cr YoY & 23.82 cr QoQ
In Q4 FY24 Exceptional gain of 42.45 cr
Higher Other Income this Q4
Okish
#talbros #Q4Results
Monte Carlo Fashions Limited Q4 FY25 Results:-
Revenue 205.93 cr vs 206.52 cr flat YoY & down by -62.47% QoQ
PAT -10.34 cr vs -17.76 cr YoY & 96.74 cr QoQ
Higher Other Income this Q4
POOR
#montecarlo #Q4Results
Bayer CropScience Ltd Q4 FY25 Results:-
Revenue 1046.4 cr vs 792.3 cr up by 32.07% YoY & down -1.04% QoQ
PAT 143.3 cr vs 96 cr up by 49.27% YoY & up by 319% QoQ👏
Higher Tax Expense this Q4
Decent👏
#bayercrop #Q4Results
AXISCADES Technologies Ltd Q4 FY25 Results:-
Revenue 267.97 cr vs 255.81 cr up by 4.75% YoY & down by -2.4% QoQ
PAT 31.49 cr vs 8.98 cr YoY & 14.76 cr QoQ
This Q4 Exceptional loss of 1.99 cr
This Q4 Tax Credit
NEUTRAL
#axiscades #Q4Results
PTC INDIA Q4 :CONS NET PROFIT UP 276 % AT 343 CR (YOY), UP 125 % (QOQ)
REVENUE DOWN 14 % AT 3006 CR (YOY) ,DOWN 12 % (QOQ)
EBITDA DOWN 16 % AT 210 CR (YOY),DOWN 33 %(QOQ)
MARGINS AT 7 % V 7.15 % (YOY), 9.15 % (QOQ)
@Share_Market_News_Update
PTC INDIA Q4 ; PROFIT INCLUDING EXCEPTIONAL GAINS OF 305 CR
PROFIT BEFORE EXCEPTIONAL ITEM UP 7 % TO 161 CR YOY, DOWN 29 % QOQ
OTHER INCOME UP 822 % TO 24.24 CR YOY, UP 446 % QOQ
OLECTRA GREENTECH Q4 :CONS NET PROFIT UP 41 % AT 21 CR (YOY), DOWN 55 % (QOQ)
REVENUE UP 55 % AT 448 CR (YOY) ,DOWN 13 % (QOQ)
EBITDA UP 64 % AT 56.5 CR (YOY),DOWN 28 %(QOQ)
MARGINS AT 12.6 % V 11.9 % (YOY), 15.3 % (QOQ)
AUROBINDO PHARMA: Q4 CONS NET PROFIT 9.03B RUPEES VS 9.07B (YOY); 8.5B (QOQ)
AUROBINDO PHARMA: Q4 REVENUE 83.8B RUPEES VS 76B (YOY)
AUROBINDO PHARMA: Q4 EBITDA 1.8B RUPEES VS 1.67B (YOY) || Q4 EBITDA MARGIN 21.38% VS 22.07% (YOY)
Revenue 274.47 cr vs 251.45 cr up by 9.15% YoY & up by 34.6% QoQ
PAT 22cr vs 27.64 cr down by -20.4% YoY & up by 84.4% QoQ
Revenue 237 cr vs 217 cr up by 9.4% YoY & up by 9.26% QoQ
PAT 22.29 cr vs 32.95 cr down by -32.3% YoY & up by 7.3% QoQ
Lower Other Income this Q4
Revenue 137 cr vs 126 cr up by 8.27% YoY & up by 3.9%QoQ
PAT 3.9 cr vs 2.14 cr up by 81.5% YoY
Lower Other Income this Q4
Tax Credit this Q4
Revenue 120 cr vs 109 cr YoY & 107 cr QoQ
PAT -4.14 cr vs -7.47 cr YoY & 41.67 cr QoQ
last Q3 Exceptional gain of 37.90 cr
This Q4 Higher Tax Expense
Overall Decent 👏
#Windsor #Q4Results
Fertilizers & Chemicals Travancore: Q4 Sl Net Profit 707m Rupees Vs Loss 791m (yoy)
Fertilizers & Chemicals Travancore: Q4 Revenue 10.5b Rupees Vs 10.62b (yoy)
Fertilizers & Chemicals Travancore: Q4 Ebitda 848m Rupees Vs 355m (yoy) || Q4 Ebitda Margin 8.05% Vs 3.36% (yoy)
ELIN ELECTRIC Q4 NET PROFIT AT 1.72 CR V 0.35 CR YOT
REVENUE AT 31.6 CR V 27.8 CR
ELIN ELECTRONICS Q4 : EBITDA AT 20.17 CR V 12.4 CR YOY
MARGINS AT 6.39 % V 4.46 %
SHALIMAR PAINTS Q4 ; NET LOSS AT 9 CR V 26 CR LOSS YOY
REVENUE AT 177 CR V 144 CR
SHALIMAR PAINTS Q4 : EBITDA LOSS AT 7.3 CR V 22.5 CR LOSS YOY
MARGINS AT -4.1 % V -51.5 %
NET PROFIT AT 15.8 CR V 8 CR YOY
REVENUE AT 520 CR V 266 CR YOY
EBITDA AT 34.58 CR V 3.56 CR YOY
MARGINS AT 6.6 % V 1.35 % YOY
INDIGO:
RAKESH GANGWAL, THE CO-FOUNDER OF INDIA’S LARGEST AIRLINE INDIGO, AND HIS FAMILY TRUST ARE SEEKING AS MUCH AS $803 MILLION FROM THE SALE OF 3.4% STAKE IN THE CARRIER. BLOCK DEAL FLOOR PRICE AT RS 5175/SH
VBL has multiple drivers to outperform India’s fast growing RTD market: India’s per capita consumption of RTD beverages is among the lowest globally which implies high growth headroom. VBL’s execution has led to Pepsi’s market share in India growing from 28% in 2015 to 38% in 2024, making India one of Pepsi’s top-performing markets worldwide. We expect VBL to continue gain share driven by high market share in the fastest growing segments like energy drinks and hydration. Our scenario analysis to assess the impact of new entrant ‘Campa Cola’ indicates no disruptive impact on VBL.
We initiate with Buy: VBL trades at a P/E ratio of 40x on Mar-27 EPS, below the median of our staples coverage, while we expect VBL’s earnings CAGR to be higher than the sector average, implying relatively attractive risk reward. We value VBL on 48x Q5 to Q8 earnings, in-line with the 5-year average P/E for the stock. We initiate with BUY with a target price of Rs 600 (implying 25% upside). Key risk: increased competitive intensity; execution delays.
Delhi High Court rejects appeal for damages by KAL Airways and Kalanithi Maran against SpiceJet.
(Rs. In Crs.)
Turnover : (NSE + BSE)
Cash Volume: 93170.47 + 6774.6 Total: 99945.07
F&O Volume: 11399913.33 + 8603400.26 Total: 20003313.59
Provisional Cash
FII/FPI: NET BUY: +135.98
(9081.47 – 8945.49)
DII: NET BUY: +1745.72
(10545.16 – 8799.44)
Seller: Sagility B.V. (Promoter)
Floor Price: Rs 38/Sh (Approx 12.8 percent discount at Last Closing 42.87)
Total OFS size in Rupees: 70.2 Crore shares or Rs 2760.1 Crore (At floor price)
Base OFS size in Rupees: Rs 1314.8 crore (Or 34.6 Crore shares)
Green Shoe size in Rupees: Rs 1445.3 Crore (Or 35.6 Crore shares)
For Non-Retail Investors: 27th May 2025
For Retail Investors: 28th May 2025
Retail Reservation: 10%
Mutual Fund and Insurance companies’ Reservation: 25%
FERTILIZERS & CHEMICALS TRAVANCORE: Q4 SL NET PROFIT 707M RUPEES VS LOSS 791M (YOY), Q4 EBITDA MARGIN 8.05% VS 3.36% (YOY) (NUMBERS IMPROVED YOY)
AWFIS SPACE SOLUTIONS: Q4 SL NET PROFIT 113M RUPEES VS 12M (YOY), Q4 EBITDA MARGIN 34.01% VS 28.85% (YOY) (NUMBERS IMPROVED YOY)
Indigo Block Deal launched
3.5.% of shares to be sold via block deals
Total deal size at $800mn or nearly Rs 7000 crores
Deal likely at 0-4.5% discount to market price
JPM, Goldman and Morgan brokers to the deal
Sources to @CNBC_Awaaz
PROV. – 26/05/2025 : Rs. CRS. :
FIIS : BUY +136 (9,081-8,945)
DIIS : BUY +1,746 (10,545-8,799)
13:30 U.S. FOMC Member Kashkari Speaks
18:00 U.S. Durable Goods Orders m/m (Expected: -7.9% versus Previous: 7.5%)
19:30 U.S. CB Consumer Confidence (Expected: 87.1 versus Previous: 86.0)
AFCOM, AJAXENGG, AMNPLST, BBOX,BDL, BLACKBUCK, BOSCHLTD, CARRARO, DCXINDIA, DECCANCE, DEEDEV, DIACABS, DYNAMATECH, EIDPARRY, ELITECON, ENTERO, EPACK, ESABINDIA, FAIRCHEMOR, FLUOROCHEM, GALAPREC, GATEWAY, GOODYEAR, HEXATRADEX, HINDCOPPER, INDPRUD, ITI, JKLAKSHMI, JTLIND, KICL, LICI, MEDPLUS, MINDACORP, MUFIN, NAUKRI, NIBE, NMDC, NPST, NSLNISP, OAL, ORIRAIL, PFOCUS, PGHH, PRECAM, QPOWER,RCF, REDTAPE, RELTD, RISHABH, RML, ROHLTD, ROSSTECH, RTNINDIA, SABTNL, SANSERA, SEAMECLTD, SHRIRAMPPS, SIMPLEXINF, SKYGOLD, SPAL, SUNFLAG, SUPRIYA, SURAJEST, TECHNOE, TGVSL, TIMETECHNO, TRIVENI, TTKPRESTIG, TVSSRICHAK, UNIMECH, UNIPARTS, V2RETAIL, ZSARACOM
BDL YoY
* Revenue expected at Rs 1624 crore versus Rs 854 crore
* EBITDA expected to be seen at Rs 457 crore versus Rs 316 crore
* EBITDA margin expected to be seen at 28.16% versus 37.04%
* Net profit expected to be seen at Rs 355 crore versus Rs 288 crore
BOSCHLTD YoY
* Revenue expected at Rs 4497 crore versus Rs 4233 crore
* EBITDA expected to be seen at Rs 577 crore versus Rs 438 crore
* EBITDA margin expected to be seen at 12.84% versus 10.36%
* Net profit expected to be seen at Rs 532 crore versus Rs 564 crore
FLUOROCHEM YoY
* Revenue expected at Rs 1244 crore versus Rs 1133 crore
* EBITDA expected to be seen at Rs 331 crore versus Rs 229 crore
* EBITDA margin expected to be seen at 26.60% versus 20.21%
* Net profit expected to be seen at Rs 187 crore versus Rs 101 crore
LICI QoQ
* APE expected at Rs 18395 crore versus Rs 9950 crore
* EBIT expected to be seen at Rs 11910 crore versus Rs 11036 crore
* EBIT margin expected to be seen at 7.55% versus 5.43%
* Net profit expected to be seen at Rs 14800 crore versus Rs 11008 crore
NAUKRI YoY
* Revenue expected at Rs 710 crore versus Rs 608 crore
* EBITDA expected to be seen at Rs 296 crore versus Rs 246 crore
* EBITDA margin expected to be seen at 41.66% versus 40.59%
* Net profit expected to be seen at Rs 265 crore versus Rs 223 crore
NMDC YoY
* Revenue expected at Rs 6679 crore versus Rs 6489 crore
* EBITDA expected to be seen at Rs 2294 crore versus Rs 2101 crore
* EBITDA margin expected to be seen at 34.35% versus 32.39%
* Net profit expected to be seen at Rs 1839 crore versus Rs 1442 crore
PGHH YoY
* Revenue expected at Rs 1087 crore versus Rs 931 crore
* EBITDA expected to be seen at Rs 276 crore versus Rs 118 crore
* EBITDA margin expected to be seen at 25.46% versus 12.70%
* Net profit expected to be seen at Rs 204 crore versus Rs 81 crore
Q4FY25 EARNING CALENDAR 28.05.2025
3BBLACKBIO, 3MINDIA, AGARWALEYE, AVANTIFEED, AVTNPL, BANARISUG, BATAINDIA, BGDL, BHAGCHEM, CLSEL, COHANCE, CREST, CUMMINSIND, DEEPAKNTR, DRAGARWQ, EIEL, ELCIDIN, ELGIEQUIP, EMSLIMITED, FDC, FINCABLES, FISCHER, FMGOETZE, GRANULES, GRMOVER, HAWKINCOOK, HEIDELBERG, HEMIPROP, HGS, HINDOILEXP, IFBIND, IMAGICAA, INSECTICID, IONEXCHANG, IRCTC, JINDWORLD, JSWHL, JUNIPER, KCP, KINGFA, KOKUYOCMLN, KOVAI, MAITHANALL, MIDHANI, MMTC, MSTCLTD, MTNL, MVGJL, NACLIND, NAHARSPING, NATCOPHARM, NFL, NSIL, NUVAMA, OMAXE, PIFL, POLYPLEX, PQIF, RGL, RHETAN, SAGL,SAIL, SDBL, TAALENT, TARSONS, TECHNVISN, TVSSCS, UEL, UNIENTER, VEEDOL, YUKEN
BATAINDIA YoY
* Revenue expected at Rs 823 crore versus Rs 797 crore
* EBITDA expected to be seen at Rs 185 crore versus Rs 182 crore
* EBITDA margin expected to be seen at 22.52% versus 22.85%
* Net profit expected to be seen at Rs 61 crore versus Rs 63 crore
CUMMINSIND YoY
* Revenue expected at Rs 2759 crore versus Rs 2271 crore
* EBITDA expected to be seen at Rs 538 crore versus Rs 538 crore
* EBITDA margin expected to be seen at 19.53% versus 23.70%
* Net profit expected to be seen at Rs 522 crore versus Rs 538 crore
DEEPAKNTR YoY
* Revenue expected at Rs 1939 crore versus Rs 2126 crore
* EBITDA expected to be seen at Rs 221 crore versus Rs 301 crore
* EBITDA margin expected to be seen at 11.42% versus 14.16%
* Net profit expected to be seen at Rs 136 crore versus Rs 174 crore
PDD Holdings Inc (Pre market) (Sector- Technology)
AutoZone, Inc (Pre market) (Sector- Retailer)
Heico Corporation (Post market) (Sector- Defense)
Okta, Inc (Post market) (Sector- Technology)
SEBI limits equity derivatives contracts to Tuesdays and Thursdays to reduce hyperactivity and concentration risk in the market.
Brookfield-backed Schloss Bangalore Ltd launching India's largest hospitality IPO, offering a chance to invest in luxury hotel brand.
Get intraday support/resistance levels for Nifty Futures & top stocks, along with trade recommendations.
Action Construction Equipment stock is on the rise, with potential to reach ₹1,530-1,550; buy at ₹1,356, accumulate on dips.
Published on May 27, 2025
Copyright© 2025, THG PUBLISHING PVT LTD. or its affiliated companies. All rights reserved.
BACK TO TOP
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.
Terms & conditions | Institutional Subscriber
