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India.com
a minute ago
- India.com
This company hits upper circuit after Q1 results 2025
1 लाख के निवेश पर 10 लाख का फायदा Shares of IT company Blue Cloud Softech Solutions are in action today as they hit a 5 per cent upper circuit on Monday, August 18, 2025 as soon as the market opened for trading. The action in stock comes amid a spurt in trading voluem. According to BSE Analytics, around 13.86 lakh equity shares of the company changed hands on the stock exchanges as compared to the two-week average quantity of 7.96 lakh shares. Technically, the counter trades higher than the 5-day, 20-day, 50-day and 100-day moving averages but lower than the 200-day moving averages. The 52-week high of the stock is Rs 118.43 and the 52-week low is Rs 14.95. The market cap of the company is Rs 1,462.42 crore. Q1 FY26 Results Key Highlights – Consolidated Profit After Tax (PAT) up 37 per cent YoY (year-on-year) at Rs 14.4 crore against Rs 10.5 crore in the same quarter a year ago. – Profit Before Tax (PBT) surges 33 per cent YoY. – However, the company's income from operations stood at Rs 206.19 crore against Rs 231.4 crore in Q1 FY25. – The standalone net profit stood at Rs 13.29 crore in Q1FY26, registering a growth of 71.7 per cent from Rs 7.74 crore in the year-ago quarter. – Operational efficiency at peak – Margins expanding sharply. – Singapore subsidiary ready to open global growth gates. – Despite a slight dip in revenues, profits are at all-time highs. Meanwhile, benchmark indices Sensex and Nifty opened gap up in early trade on Monday, buoyed by plans for big bang reforms in the GST regime by Diwali. The 30-share BSE Sensex jumped 1,021.93 points to 81,619.59 in early trade. The 50-share NSE Nifty surged 322.2 points to 24,953.50. From the Sensex firms, Maruti, Bajaj Finance, Mahindra & Mahindra, UltraTech Cement, Trent and Bajaj Finserv were among the major gainers. (This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
Economic Times
a minute ago
- Economic Times
Goldman Sachs expands Mumbai presence with new office
Goldman Sachs Group inaugurated a new office in Mumbai on Monday, expanding its footprint in India's financial capital as the Wall Street bank bets on long-term growth in the world's fourth-largest economy. ADVERTISEMENT The New York-based firm's new premises in Worli, a prominent commercial hub, are about 50% larger than its previous location in the city. 'Our new Mumbai office is the next chapter in our multi-decade growth trajectory in India, underscoring the substantial opportunities we see in the market,' said Kevin Sneader, the firm's Asia Pacific ex-Japan president. The new facility was inaugurated by Maharashtra Chief Minister Devendra Fadnavis. 'I am delighted to officiate the opening of Goldman Sachs' new Mumbai office. This reflects Maharashtra's leadership in attracting leading global financial institutions and emphasizes the talent, depth, and maturity of India's markets,' he said. Sonjoy Chatterjee, Chairman and Chief Executive Officer of Goldman Sachs India, said "the design and purpose of this new space reflect our deep commitment to fostering collaboration, innovation, and employee well-being, while delivering world-class service to our clients,' he said. The new office spans the entire tenth floor and part of the ninth floor at Ascent Worli, with amenities such as a state-of-the-art conference center, collaboration areas, Zoom-enabled meeting rooms, focus rooms, and a cafe with on-site catering. India remains a crucial market for Goldman, which has served clients in the country since the 1980s and established a wholly owned onshore presence in Mumbai in 2006. The firm counts India as home to its largest office outside the United States. Since 2006, the firm has also invested more than $8.5 billion in India across sectors, underscoring its dual role as both advisor and investor. ADVERTISEMENT Also read | Why market is rising today? Sensex soars 1,100 pts, Nifty tops 25K; GST reforms among 5 key factors behind today's surge Unlock 500+ Stock Recos on App (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
10 minutes ago
- Time of India
GST cuts: A consumption boost or a capex setback? Venugopal Garre weighs in
Venugopal Garre, MD, Bernstein, says GST cuts may boost consumption by up to $13 billion, but this could come at the cost of government capex, especially transportation. While consumer demand may see a short-term lift, private sector capex is unlikely to pick up soon, keeping Nifty earnings growth moderate. Big numbers are being discussed, with a GST cut expected to spark a $13 billion consumption boost. But here's a thought—could GST-driven demand come at the cost of industrials and capex momentum? Are markets right in cheering consumption over capex, or could this shift hurt long-term growth? by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Dubai villas | search ads Get Deals Undo Venugopal Garre: This $13 billion figure is more theoretical than factual. The calculation assumes a $20 billion transfer from tax slab changes, of which about 65% ($12–13 billion) flows into consumption. Remember, GST collections are around $250–300 billion annually. Now, while consumers may spend part of these savings, the fiscal impact is different—government revenues fall, and that gap has to be neutralised. Given weak tax collection trends, the adjustment will likely come from capex cuts. Transportation spending may be hit most, while defence capex should remain relatively intact due to geopolitical needs. Overall, government capex could slow, and private sector capex is unlikely to pick up in the short term, as companies continue focusing on cash reserves, buybacks, and improving ROEs rather than fresh investment. So, industrials may face sluggishness. My positioning remains underweight on industrials, equal weight on utilities, and overweight on consumption. Following up, how much of this GST-related tax transfer could actually come back into spending, given the risk of leakages into savings? Venugopal Garre: In a bullish scenario, we estimated $20 billion in transfers, of which $12–13 billion could translate directly into consumption. Added to the $15 billion from earlier tax cuts, that's around $30 billion of extra money in consumers' hands. This can be used for spending, investing in markets, or repaying debt. Even if part of it goes elsewhere, a significant share should support consumption. Considering discretionary consumption alone is roughly one-third of India's $1 trillion-plus total consumption, a $30 billion boost is meaningful for volume growth. But is this big enough to push up Nifty earnings expectations? What kind of market returns do you anticipate for the second half of the fiscal year? Live Events Venugopal Garre: This isn't transformational—it won't push Nifty earnings growth from single digits to mid-teens. At best, it can lift growth by 0.5–1%. Still, these measures are incrementally positive, especially when the economy had slowed from 8% to about 5% growth. With low inflation, decent monsoons, and easing food prices, this is the right time to support demand. Without such steps, growth could weaken further. For now, Nifty earnings may trend toward 10–12% growth in FY26. Will the GST cut meaningfully alter rural versus urban consumption trends? Venugopal Garre: Not really. The tax relief is aimed at the middle class across both rural and urban areas. Rural demand had already picked up due to a lower base and back-to-back good monsoons, which is why growth rates there are often higher. But the GST cut doesn't shift the rural–urban balance—it benefits both segments equally.
