Stocks in news: Eternal, Tata Motors, Restaurant Brands Asia, AU SFB, RBL
Markets extended their weakness on Tuesday and ended lower amid broad-based selling and weak global cues. Following this decline, analysts said the Nifty has approached a crucial support zone near its long-term moving average, the 200 DEMA, placed around the 25,150 level.
"A brief pause or rebound cannot be ruled out at these levels; however, any recovery will largely depend on performance from the two key sectors, banking and IT, which have shown relatively better resilience so far," said Ajit Mishra – SVP, Research, Religare Broking.
In today's trade, shares of Eternal, Tata Motors, Restaurant Brands Asia, AU Small Finance Bank, RBL Bank among others will be in focus due to various news developments and third quarter results.
Eternal, DRL, HPCL, Tata Communications
Shares of Eternal, DRL, HPCL and Tata Communications will be in focus as the companies will announce their third quarter results today.
United Spirits
United Spirits on Saturday reported a 25% increase in its December quarter consolidated net profit at Rs 418 crore compared to Rs 335 crore reported in the year ago period. The profit after tax (PAT) is attributable to the owners of the holding company.
Tata Motors
French multinational bank BNP Paribas bought over 35.43 lakh shares in Tata Motors Limited ( Tata Motors Commercial Vehicle) via a block deal on Tuesday. In the deal valued at Rs 152 crore, the seller was Goldman Sachs.
IndiaMart
IndiaMart InterMesh reported a 56% jump in its December quarter consolidated net profit at Rs 188 crore versus Rs 121 crore in the year ago period. The company reported a 13% growth in its consolidated revenue from operations at Rs 402 crore as compared to Rs 354 crore in the corresponding quarter of last year.
RBL Bank
Fair trade regulator CCI approved Emirates NBD Bank's proposal to acquire a majority stake in private sector lender RBL Bank. Dubai-headquartered Emirates NBD is a leading banking group and is active in several countries, including India, while RBL Bank Ltd provides banking, financial and insurance services.
KP Green
KP Green Engineering on Tuesday said it has secured orders worth Rs 248.2 crore across several business verticals. According to a regulatory filing, the orders reflect its strengthening market presence, expanding product portfolio, and its reputation as a reliable engineering, fabrication, and structure solutions provider to the renewable, transmission, industrial and infrastructure sectors.
Restaurant Brands
Restaurant Brands Asia said on Tuesday that Inspira Global will acquire a controlling stake in the Burger King India and Indonesia operator for around Rs 460 crore ($50.54 million). Inspira will buy the entire shareholding of 11.26% in Restaurant Brands Asia (RBA) from QSR Asia, the investment vehicle owned by Everstone. In addition, Inspira plans to invest about Rs 900 crore through a preferential allotment of shares and another Rs 600 crore through warrants.
AU Small Finance Bank
AU Small Finance Bank reported a 26% jump in its December quarter net profit at Rs 668 crore compared to Rs 528 crore reported in the year ago period. The midcap lender posted a 16% growth in its net interest income (NII) in Q3FY26 at Rs 2,341 crore versus Rs 2,023 crore in the corresponding quarter of the last financial year.
Shoppers Stop
Indian department store chain Shoppers Stop posted a 69% drop in quarterly profit on Tuesday, as urban consumers cut back on discretionary spending amid slowing wage growth in major cities. The retailer posted consolidated net profit of Rs 16.1 crore ($1.77 million) for the third quarter ended December 31, compared to Rs 52.2 crore rupees a year ago, according to a regulatory filing.
"A brief pause or rebound cannot be ruled out at these levels; however, any recovery will largely depend on performance from the two key sectors, banking and IT, which have shown relatively better resilience so far," said Ajit Mishra – SVP, Research, Religare Broking.
In today's trade, shares of Eternal, Tata Motors, Restaurant Brands Asia, AU Small Finance Bank, RBL Bank among others will be in focus due to various news developments and third quarter results.
Eternal, DRL, HPCL, Tata Communications
Shares of Eternal, DRL, HPCL and Tata Communications will be in focus as the companies will announce their third quarter results today.
United Spirits
United Spirits on Saturday reported a 25% increase in its December quarter consolidated net profit at Rs 418 crore compared to Rs 335 crore reported in the year ago period. The profit after tax (PAT) is attributable to the owners of the holding company.
Tata Motors
French multinational bank BNP Paribas bought over 35.43 lakh shares in Tata Motors Limited ( Tata Motors Commercial Vehicle) via a block deal on Tuesday. In the deal valued at Rs 152 crore, the seller was Goldman Sachs.
IndiaMart
IndiaMart InterMesh reported a 56% jump in its December quarter consolidated net profit at Rs 188 crore versus Rs 121 crore in the year ago period. The company reported a 13% growth in its consolidated revenue from operations at Rs 402 crore as compared to Rs 354 crore in the corresponding quarter of last year.
RBL Bank
Fair trade regulator CCI approved Emirates NBD Bank's proposal to acquire a majority stake in private sector lender RBL Bank. Dubai-headquartered Emirates NBD is a leading banking group and is active in several countries, including India, while RBL Bank Ltd provides banking, financial and insurance services.
KP Green
KP Green Engineering on Tuesday said it has secured orders worth Rs 248.2 crore across several business verticals. According to a regulatory filing, the orders reflect its strengthening market presence, expanding product portfolio, and its reputation as a reliable engineering, fabrication, and structure solutions provider to the renewable, transmission, industrial and infrastructure sectors.
Restaurant Brands
Restaurant Brands Asia said on Tuesday that Inspira Global will acquire a controlling stake in the Burger King India and Indonesia operator for around Rs 460 crore ($50.54 million). Inspira will buy the entire shareholding of 11.26% in Restaurant Brands Asia (RBA) from QSR Asia, the investment vehicle owned by Everstone. In addition, Inspira plans to invest about Rs 900 crore through a preferential allotment of shares and another Rs 600 crore through warrants.
AU Small Finance Bank
AU Small Finance Bank reported a 26% jump in its December quarter net profit at Rs 668 crore compared to Rs 528 crore reported in the year ago period. The midcap lender posted a 16% growth in its net interest income (NII) in Q3FY26 at Rs 2,341 crore versus Rs 2,023 crore in the corresponding quarter of the last financial year.
Shoppers Stop
Indian department store chain Shoppers Stop posted a 69% drop in quarterly profit on Tuesday, as urban consumers cut back on discretionary spending amid slowing wage growth in major cities. The retailer posted consolidated net profit of Rs 16.1 crore ($1.77 million) for the third quarter ended December 31, compared to Rs 52.2 crore rupees a year ago, according to a regulatory filing.
Next Story