Category: 1 Minute-Read

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Tata Capital posts 17% jump in Q3 profit

Tata Capital delivered a strong performance in the October–December quarter, reporting a 17 per cent rise in net profit to ₹1,257 crore, compared with ₹1,076 crore in the same period last year.

The Tata Group’s financial services arm saw its revenue from operations grow by around 12 per cent, supported by higher interest income. Its assets under management increased 26 per cent year-on-year to ₹2.34 lakh crore, indicating healthy expansion in its loan portfolio.

The company’s motor finance segment also achieved breakeven during the quarter. The robust results were welcomed by investors, leading to a positive reaction in the market.

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Hindustan Zinc gains 2% on Q3 boost

Hindustan Zinc shares rose nearly 2 percent after the company posted strong third-quarter results, helped by a sharp rise in silver prices.

Net profit jumped around 46 percent year-on-year to about ₹3,900 crore, while revenue increased nearly 28 percent, supported by higher metal prices and steady production. Silver emerged as a key earnings driver during the quarter, benefiting from record global prices.

Following the results, several brokerages maintained a positive outlook and raised target prices, citing strong cash flows. However, some analysts advised caution, pointing to rich valuations despite the solid performance.

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Shadowfax launches ₹1,907 cr IPO, mixed market response on Day 1

Shadowfax Technologies launched its ₹1,907 crore IPO on January 20, priced between ₹118–₹124 per share. The issue combines new shares and an offer for sale by existing investors and will remain open until January 22.

Early data shows moderate overall subscription, with retail investors showing the strongest interest. The grey market indicates potential listing gains of 5–6%, though analysts warn valuations are on the higher side compared to industry peers.

Investors are advised to consider the company’s growth prospects before applying.

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Bharat Coking Coal stock drops 7% after strong market debut

Shares of Bharat Coking Coal Ltd (BCCL) fell about 7% after a strong stock market debut, where the stock listed at a 97% premium over its IPO price.

The sharp fall came as investors booked profits following the big opening-day gains. The company’s IPO received strong demand, helping the stock open at high levels. Market experts say such a fall is common after a sharp listing rally.

They advise short-term investors to consider booking profits, while long-term investors may hold the stock based on the company’s business prospects and role in the coal sector.

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Cipla falls 3% on Lanreotide supply halt

Shares of Cipla Ltd dropped over 3% after a temporary halt in production of its key US drug, Lanreotide, due to quality issues at its European supplier.

Lanreotide is one of Cipla’s top three US revenue-generating products, and the disruption has raised investor concerns. Brokerages including Morgan Stanley and Nuvama cut target prices, citing risks to FY27 earnings from the supply pause, rising competition, and loss of exclusivity on other drugs.

Cipla expects resupply in the first half of FY27, creating near-term uncertainty for its financial outlook.

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ICICI Bank Q3 profit seen up 7.5%

ICICI Bank is expected to report a steady performance in the December quarter, with analysts forecasting up to 7.5 percent year-on-year growth in profit after tax.

The growth is likely to be driven by healthy loan expansion, especially in retail and small business segments. Net interest income is estimated to rise around 6–8 percent, supported by strong credit demand.

Net interest margins are expected to remain largely stable despite pressure from funding costs. Market participants will closely track asset quality, fee income and provisioning trends when the bank announces its Q3 results.

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Gates Foundation announces $9 billion spending plan

The Bill & Melinda Gates Foundation has announced a record $9 billion budget for 2026, marking its highest-ever annual spending to support global health, disease prevention, women’s health, education, and technology-driven solutions such as artificial intelligence.

Alongside the expanded funding, the foundation said it will gradually reduce its workforce, cutting up to 500 jobs by 2030 to control administrative expenses. Operating costs will be capped at about 14 per cent of total spending.

The decision aligns with co-founder Bill Gates’s long-term plan to wind down the foundation by 2045 after distributing most of his wealth to philanthropic causes worldwide.

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Shadowfax technologies IPO to raise ₹1,907 crore

Shadowfax Technologies, a major Indian logistics and delivery platform, is set to launch its IPO on January 20, closing on January 22, 2026.

The price band is ₹118–₹124 per share, aiming to raise around ₹1,907 crore through a mix of fresh issue and offer-for-sale shares. The company recently turned profitable and has seen significant revenue growth.

Proceeds will fund network expansion, marketing, lease payments, and strategic initiatives. Share allotment is expected by January 23, with BSE and NSE listings planned for January 28.

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Tata Elxsi Q3 profit falls 45% amid labour code charges

Tata Elxsi reported a 45 percent year-on-year drop in consolidated net profit to ₹108.9 crore for Q3 FY26, down from ₹199 crore in the same period last year.

The decline was largely due to a one-time exceptional charge of ₹95.7 crore following India’s new labour codes, which increased employee benefit provisions. Despite this, the company’s revenue rose slightly by 1.5 percent to ₹953.5 crore, driven mainly by its transportation business segment.

Following the results, Tata Elxsi’s shares fell more than 3 percent. Analysts have noted the cautious outlook while keeping an eye on future growth prospects and cost management.

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HCL Tech Q3 revenue, margin seen rising

HCL Technologies is set to report a strong Q3 for December, with analysts expecting about 12% year‑on‑year revenue growth, supported by seasonal demand, engineering services, and large deal ramp‑ups.

Profit after tax may rise around 5%, as margin recovery offsets wage hikes and restructuring costs. Sequential revenue and margin improvements are also anticipated.

Market focus will be on deal wins, management’s FY26 guidance, and trends in GenAI and discretionary IT spending. Strong performance could reinforce investor confidence in HCL’s growth and operational strategy.