Stock Market Update: Key News and Results from IRCTC, LIC, and More
Market Volatility Continues
The stock market experienced another day of swings, losing over half a percent after two days of gains. Several companies will be in the spotlight today due to news developments and the release of their fourth-quarter earnings reports.
Earnings in Focus
IRCTC and SAIL
Shares of IRCTC and SAIL are likely to see increased activity as both companies plan to announce their fourth-quarter results on Wednesday. Investors will be watching closely to see how these companies performed in the last quarter.
LIC Posts Strong Profit Growth
Life Insurance Corporation (LIC) reported a significant 38% year-on-year increase in its consolidated net profit for the fourth quarter of fiscal year 2025, reaching Rs 19,039 crore compared to Rs 13,782 crore in the previous year.
NMDC Reports Q4 Results
NMDC announced its fourth-quarter net profit at Rs 1,483 crore, with revenue from operations reaching Rs 7,005 crore for the same period.
Other Notable Developments
– Olectra Greentech has denied reports that its Rs 10,000 crore electric bus contract in Maharashtra has been canceled. The company stated that it hasn’t received any official cancellation order.
– BAT (British American Tobacco) is planning to sell up to a 2.3% stake in ITC, valued at Rs 11,613 crore, through a block deal. The base price for the shares has been set at Rs 400 each, which represents an 8% discount to the current market price.
– Bharat Dynamics reported a 5% decline in its net profit for the fourth quarter, reaching Rs 273 crore compared to Rs 289 crore in the same quarter last year.
Stay Tuned for More Updates
The stock market continues to be dynamic, with ongoing news and earnings reports influencing investor sentiment. Stay tuned for more updates and analysis throughout the day.
