Deepak Shenoy, CEO of Capitalmind Mutual fund in a post on X said the duty hike is likely to lead to a rise in incidents of gold smuggling.
The brokerage said Indian IT services companies delivered largely in-line quarterly results, with revenue growth and margins staying stable.
This year's final dividend of Rs 525 apiece is a 10.53% increase compared to the earlier dividend of Rs 475 per share announced for the year ended March 31, 2025.
Shares of Hindustan Zinc zoomed 5.54% to Rs 677.10. The firm is India's largest primary silver producer.
The National Stock Exchange of India recently introduced electronic gold receipts (EGRs) to simplify ownership of gold in digital from through the exchange itself.
The HZL stock gained 5.54 per cent to hit a high of Rs 677.10, with SBI Securities recommending a 'Buy' on the stock.
Burry believes the market has simply stopped making sense. He pointed out that stocks are no longer reacting to core economic data.
HPCL: Revenue from operations rose 4.45 per cent YoY to Rs 1,23,602 crore in Q4 FY26, compared with Rs 1,18,334 crore in the year-ago period.
Ace market investor Mukul Agrawal holds nearly 75 stocks in his portfolio, which is valued nearly Rs 7,250 crore, and his top-8 bets are valued more than Rs 200 crore.
Amid heightened price action, both BSE and NSE have placed the stock under the short-term Additional Surveillance Measure (ASM) framework.
Avenue Supermarts Ltd (D-Mart), Asian Paints, Vedanta, GAIL, Jio Financial Services (JFS), Lupin, Power Grid and Tata Motors PV saw up to Rs 900 crore in MF selling.
But Q4 earnings also brought good news for shareholders- a final dividend of Rs 75 per share.
Motilal Oswal Financial Services (MOFSL) maintained a ‘Neutral; rating on MCX and cut its target price to Rs 2,850.
ONGC, with roughly 31% of its total production stemming from onshore fields, is expected to see a cost reduction of USD 1-1.5/bbl, pushing earnings up by 2-3%, it noted.
The stock was last seen trading 1.78 per cent lower at Rs 6,139.05. Despite the day's fall, the counter has seen a sharp rally in recent months, gaining 39.52 per cent in the past one month and delivering multibagger returns of 138.22 per cent over the last six months.
Analysts said Dixon's Q4 profit beat consensus estimates by 6 per cent, but noted that the company's flat volume guidance for FY27 suggested muted near-term prospects.
Meanwhile, as per March quarter shareholding pattern, Rekha Jhunjhunwala, wife of the late ace investor Rakesh Jhunjhunwala, currently holds a 1.54% stake, translating to 13.99 crore shares in the state-owned lender.
SMIFS said that M&M Finance is forming a strong base at the Rs 330-340 support zone, highlighting sustained accumulation after an extended consolidation phase.
Tata Power: Goldman Sachs said Q4 PAT came 13% below estimates and flat on a year on year basis. It maintained a sell call on the stock.
Bajaj Auto Buyback: Domestic two-wheeler major Bajaj Auto announced its biggest ever share buyback as it shall repurchase shares worth Rs 5,633 crore at a price of Rs 12,000 apeice.
Texmaco Rail: The railway stock rose 13.50 per cent to hit a high of Rs 119.80 on NSE. With this, Texmaco Rail shares have cut year-to-date losses to 13.78 per cent.




