Stocks in news: L&T, Titan, Asian Paints, Coal India, Dabur, Kfin Tech
Shyam Metalics' stainless steel sales rise 4% YoY, 8% MoM to 7,149 tonnes in April. The average price realization was up 7% YoY, 6% MoM to Rs 1.35 lakh per tonne.
Synopsis Shares of L&T, Titan, Asian Paints, Britannia, Canara Bank and Kalyan Jewellers will be in focus as the companies will announce their fourth quarter results today. Markets remained volatile but managed to close slightly in the green on Wednesday amid mixed signals. In today's trade, shares of L&T, Titan, Asian Paints, Coal India, Dabur, Kfin Technologies among others will be in focus due to various news developments and fourth quarter results.
ADVERTISEMENT L&T, Titan, Asian Paints, Britannia, Canara Bank, Kalyan Jewellers
Shares of L&T, Titan, Asian Paints, Britannia, Canara Bank and Kalyan Jewellers will be in focus as the companies will announce their fourth quarter results today.
Coal India
State-owned Coal India reported 12% growth in its consolidated net profit at Rs 9593 crore in the fourth quarter, compared with Rs 8530 crore in the last year quarter.
Dabur
FMCG major Dabur reported an 8% decline in its consolidated net profit of Rs 320 crore in Q4FY25 versus Rs 350 crore reported in the year ago period.
Kfin Technologies
General Atlantic PE likely to sell nearly 6% of total shares outstanding in Kfin Technologies through block deals, according to reports.
ADVERTISEMENT Tata ElxsiTata Elxsi announced a strategic partnership with ECOSEP to transform sports medicine through AI.
CarTrade Tech
CarTrade Tech's net profit jumped 86% to Rs 41.8 crore in the fourth quarter, while revenue rose 17% to Rs 169 crore in the same period.
ADVERTISEMENT
Shyam Metalics
Shyam Metalics' stainless steel sales rise 4% YoY, 8% MoM to 7,149 tonnes in April. The average price realization was up 7% YoY, 6% MoM to Rs 1.35 lakh per tonne.
ADVERTISEMENT
(You can now subscribe to our ETMarkets WhatsApp channel)
Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained
Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms
Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips
L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first?
Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more
SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders
API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading
Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains
Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains
The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains How Pi42 is simplifying crypto trading: CTO Satish Mishra on integrating technical & fundamental insights
NEXT STORY
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
18 minutes ago
- News18
Russia Mocks Trump-Musk Spat, Offers To Broker ‘Peace Talks' And Give Tesla A Home
Last Updated: The feud between Donald Trump and Elon Musk provoked chatter, mockery and amusement among the ruling class in Moscow, where one senior official joked about hosting peace talks. The public fallout between US President Donald Trump and his one-time ally and Tesla CEO Elon Musk has provoked chatter, mockery and intrigue in Moscow where the senior officials and media persons are treating the feud as both comedy and opportunity. Seniors leaders in Moscow are also joking about hosting peace talks between the two individuals and urging the tech giant in a tone mixing humour to bring his businesses to Russia. 'Elon, don't be upset! If you encounter insurmountable problems in the US, come to us. Here you will find reliable comrades and complete freedom of technical creativity," nationalist senator Dmitry Rogozin, who once ran Russia's space programme, posted on X. Elon @elonmusk, don't be upset! You are respected in Russia. If you encounter insurmountable problems in the US, come to us and become one of us – a 'Bars-Sarmat" fighter. Here you will find reliable comrades and complete freedom of technical creativity.— ROGOZIN (@Rogozin) June 6, 2025 Former Russian President and senior security official Dmitry Medvedev took the trolling a step further, offering to mediate between the feuding duo. 'We are ready to facilitate the conclusion of a peace deal between D and E for a reasonable fee," he posted on X, before jokingly requesting Starlink shares as payment. Reuters, the fallout has been widely ridiculed as an example of chaos in Washington. Margarita Simonyan, one of Russia's most powerful state media executives, mocked it as an example of 'modern US political culture" — "Sort of like the English Industrial Revolution. Only in reverse." Современная американская политическая культура войдет в историю как переломная, конечно.Вроде английской промышленной революции. Только наоборот. Но наблюдать занятно. — Margarita Simonyan (@M_Simonyan) June 5, 2025 Kirill Dmitriev, head of Russia's sovereign wealth fund, who has in the past tried to interest Musk in cooperating with Russia on flights to Mars, asked on X, "Why can't we all just get along?" He then asked Grok, X's AI chatbot, how Musk and Trump could reconcile. However, Kremlin spokesman Dmitry Peskov, when asked about the clash, said it was an internal matter for the US, though he was confident that Trump would handle it. 'Presidents handle a huge number of different things at the same time, some more and some less important," Peskov said. What Happened Between Trump And Musk? The high-profile alliance between Trump and Musk has dramatically unraveled into a bitter public feud with the two exchanging sharp accusations. The fallout began when Trump publicly criticised Musk at a White House press briefing, backing legislation that could severely impact the electric vehicle industry- a direct hit on Tesla. Musk, in response, fired back on his platform X, claiming that without his financial and strategic backing, Donald Trump would have lost the 2024 election. Calling the US President 'ungrateful", Elon Musk said, 'Without me, Trump would have lost. The Democrats would control the House." Musk then dropped a bombshell claim that Trump's name appears in sealed files related to Jeffrey Epstein, suggesting that's why the documents remain hidden. He wrote, 'Time to drop the really big bomb: Donald Trump is in the Epstein files." He then went on to endorse a post calling for Trump's impeachment and suggested that Vice President JD Vance replace him. White House Press Secretary Karoline Leavitt said that Musk's Epstein tweet 'is an unfortunate episode from Elon, who is unhappy with the 'One Big Beautiful Bill' because it does not include the policies he wanted." Get breaking news, in-depth analysis, and expert perspectives on everything from geopolitics to diplomacy and global trends. Stay informed with the latest world news only on News18. Download the News18 App to stay updated! tags : donald trump elon musk moscow Russia Location : Moscow, Russia First Published: June 06, 2025, 21:33 IST News world Russia Mocks Trump-Musk Spat, Offers To Broker 'Peace Talks' And Give Tesla A Home
The Hindu
20 minutes ago
- The Hindu
Mango prices fall sharply, farmers demand compensation
As mango farmers in Madurai district face a roadblock in selling their produce to traders due to the abysmally low prices fixed by them, they are demanding compensation or a solution for procurement of fruits at a better price. Though the farmers witnessed lower yields in the last few years, this year farmers enjoyed a good harvest, but they could not reap the benefits, said Jeeva, a farmer from Kesampatti near Melur. He added that the good cultivation could have benefitted them if a fixed and regularised procurement system was in practice. 'I have about 100 trees in three acres of land, and the cultivation was about 25 tonne this year,' he stated. But, the traders, who went to procure the produce wanted them for just Rs.4 per kg, he added. When the procurement price was about Rs.25 per kg last year, this year, the drastic drop in the price has put the farmers in a tight spot, Mr. Jeeva said. 'We hear that as big corporate which procure the kizhimooku variety of mangoes for juices and other products does want to procure them this year, the traders refuse to procure them at good price,' he stated. Opposing the dependence on corporates, he said that when the entire market was dependent on corporate companies, they would be the one to fix prices and manipulate them based on their needs. The Tamil Nadu Farmers Association has urged the Tamil Nadu government to immediately fix a Minimum Support Price (MSP) for mangoes to ensure that growers were not exploited by market forces. Further, they have also demanded compensation for farmers who have suffered losses due to the price crash. Madurai district agricultural officials cited the over production of mangoes as reason for the price crash. As the climate for the growth of mangoes was conducive, the farmers witnessed a good yield, but that has in turn reduced the demand for the fruit, the official stated. However, their demands for compensation and fixation of MSP would all be discussed with the government for further action, the official added.
Economic Times
22 minutes ago
- Economic Times
Big savings for home loan borrowers as EMIs to fall significantly after RBI cuts repo rate by 50 bps
RBI MPC meeting Updates: RBI cuts repo rates by 50 bps to 5.5%, CRR by 100 bps The Reserve Bank of India (RBI) is continuing the trend of delivering good news to home loan borrowers, especially in 2025. The RBI has decided to cut the repo rate by 50 basis points (bps). The latest cut in the repo rate means that the interest rate on home loans will decrease, which means that EMIs or the tenure of the home loan will also come down. The central bank has also cut the Cash Reserve Ratio (CRR) by 100 basis points to 3% from 4% earlier. With the CRR and repo rate cut, banks will be more comfortable in cutting home loan interest rates. The RBI has changed the monetary policy stance from accommodative to neutral in today's monetary policy meeting. This means that with a 100 bps repo rate cut so far, the future rate cut is less certain and will largely depend on inflation and growth is worth noting that the RBI has reduced the repo rate by a total of 50 basis points in February and April 2025. With the current 50-basis-point cut, the repo rate has fallen by 100 basis points overall in the first half of 2025. Also read | What should FD investors do now as interest rates to fall further with RBI cutting repo rate again by 50 bpsAman Trehan, Executive Director, Trehan Iris, said, 'The RBI's 50 basis point reduction in the repo rate to 5.5% is a significant boost for the real estate sector. Lower borrowing costs will make home loans more affordable, enhancing buyer sentiment, particularly in the affordable and mid-income segments. Additionally, the 100 basis point cut in the Cash Reserve Ratio improves liquidity, enabling banks to pass on the benefits to consumers more effectively.' Deepak Kumar Jain, Founder and CEO of CredManager, says, "With the RBI announcing a third rate cut this calendar year—bringing the total repo rate reduction to 100 basis points (bps)—we're seeing a gradual but positive shift for borrowers. Although each cut, including the recent 50 bps reduction, may seem modest in isolation, cumulatively, they help ease the overall cost of borrowing. For instance, on a Rs 50 lakh home loan over 20 years, the EMI drops by around Rs 3,164. For loans of Rs 1 crore and Rs 1.5 crore, the monthly savings are approximately Rs 6,329 and Rs 9,493, respectively. While these savings aren't massive, they do improve affordability, especially in a high-cost housing market." Also read | Rs 7.71 lakh savings on Rs 50 lakh home loan: Check how much you will save after RBI's 50 bps repo rate cutA home loan borrower has an outstanding loan of Rs 50 lakh at an 8.5% interest rate and 20-year tenure. With a 100 bps rate cut so far, the total interest savings will be Rs 7.47 lakh in the entire tenure. This will happen because total interest payments will decrease from Rs 54.14 lakh to Rs 46.67 lakh over a 20-year tenure. Now, if you decide to keep the same tenure, then your EMI will fall down from Rs 43,391 to Rs 40,280 - savings of Rs 3,111 per you keep the same EMI of Rs 43391, the tenure of your home loan will reduce substantially from 20 years to 17 years - a drop by almost three years. This will end up with huge interest savings of Rs 15.44 reasons have prompted the RBI to consider a third rate cut. According to the Bajaj Broking report, "Headline CPI inflation remains consistently below the RBI's medium-term target of 4%."According to the government's data, the CPI Inflation in March 2025 was 3.34%. This further decreased to 3.16% in April 2025. According to the SBI Research Report, "CPI Inflation may come down to 2.9% in Q1 FY26 as food inflation is expected to be within the target in June quarter. Above normal monsoon prediction by IMD, strong arrival of crops and decline in crude oil prices revising down our CPI estimate to 3.5% in FY 26 with downward bias."Another reason for the RBI's repo rate cut is the expectation of muted credit growth in FY26. As per the SBI research report, the commercial banks' credit growth slowed to 9.8% as on May 16, 2025, compared to 19.5% in the last year. During April and May, credit declined by Rs 15,676 crore, while deposits grew by Rs 3.06 lakh crore. A decent credit growth is required for economy to maintain its growth and a lower interest rate helps in boosting the credit economy is also not growing at the rate to match its true potential. "GDP growth appears to be softening, worsened by external shocks such as trade disruptions from recent U.S. policy moves," said Bajaj Broking in its report. With inflation being firmly in grip, focus of the central bank shifts towards economic growth and a lower rate regime helps in boosting the latest repo rate cut, home loan EMIs are expected to decrease further. Following the 50-bps repo rate cut by the RBI in February and April 2025, many banks have recently reduced their repo-linked EBLRs by a similar magnitude. However, many borrowers are still with old interest rate regimes like MCLR, base rate and BPLR, so, the quantum and speed of benefit of interest rate reduction will vary for Agarwal, CEO, Paisabazaar, says, "The 50-basis-point rep rate cut should lead to reduction in home loan interest rates, both for new and existing home loan borrowers. However, the quantum and time of the rate cut transmission would depend on factors like type of interest rate benchmarks used by the lenders, their rate reset related policies regarding, rate reset dates set for the borrowers, etc. The transmission would be quickest and absolute in case of existing home loans linked to the repo rate. The exact date of rate cut transmission to the existing borrowers would depend on the rate reset dates set by their respective lenders. Till then, they will continue to repay their loans as per their existing interest rates. As the cost of funds of the lenders play a major role in determining their internal benchmark rates, there would be a longer lag in the transmission of repo rate cuts to home loans linked to MCLR- or other internal benchmarks." Home loan linked to EBLR: As a majority of floating rate interest rate of home loans taken from banks is linked to an External Benchmark Lending Rate which is repo rate in most cases, then with the latest repo rate cut, your home loan interest rate will come down further in the coming months. "The majority of new home loans in India today are linked directly to the RBI's repo rate, under the Repo Linked Lending Rate (RLLR) framework introduced in 2019. As a result, changes in the repo rate are typically transmitted quickly to borrowers through lower interest rates and reduced EMIs," says Yashish Dahiya, Chairman & Group CEO of PB Fintech. Once the lender decides to go for reduction of interest rate, it will give you the option to either reduce your EMI by keeping same home loan tenure or keep the EMI unchanged and get reduced home loan tenure. According to experts and as per our calculations above, reducing your home loan tenure offers more benefits in the long term. Home loans linked to MCLR, base rate or BPLR: 35.9% of loans are linked to MCLR as per the SBI research report. MCLR has a longer reset period than EBLR. In a falling interest rate scenario, it is beneficial to have an interest rate regime which is faster in passing the benefit of interest rate reduction. If your home loan is still linked to the MCLR or any other loan regime, then you should switch to the EBLR-based regime to get quicker benefit of interest rate reduction and save on interest costs. The SBI research report anticipates that the RBI will cut the repo rate by 100 basis points in FY 2025-26. The central bank has already reduced the repo rate by 25 basis points in April 2025. With the current cut of 50 bps, there is still scope for 25 bps reduction in the coming months.
