Eight midcap stocks posted over 50% EBITDA growth in the December quarter, signalling stronger profitability and improved operational performance.
S&P Global Ratings on Wednesday upgraded Biocon Biologics ratings with a stable outlook.
Hindustan Zinc’s OFS drew strong institutional interest, with the non-retail portion subscribed 142%. Vedanta’s discounted stake sale reassured markets, lifted stock prices, and reinforced confidence in Hindustan Zinc’s cash flows, scale, dividends, and long-term investment appeal.
Domestic aluminium prices jumped to a record on MCX, tracking sharp gains on global exchanges. A weakening US dollar, supply constraints, and rising demand from EVs, renewables, and infrastructure supported bullish momentum and strengthened the near-term technical outlook.
Garden Reach Shipbuilders posted robust December quarter results, with profit up 74% and revenue rising 49% year-on-year, driven by strong execution, operating leverage, and a healthy order book supporting sustained growth along with interim dividend announcement and solid balance sheet.
European shares took a breather on Wednesday after two consecutive days of gains as investors parsed through a string of earnings updates and executive commentary, while ASML hit a record high.
Adani Electricity Mumbai has secured a AAA credit rating from India Ratings, placing the private utility on par with India’s sovereign credit profile. The upgrade reflects regulatory support, declining leverage and improved operating performance following a turnaround since its acquisition in 2018.
Mutual funds trimmed stakes in 148 small-cap stocks over two quarters, with 11 names crashing up to 55% in six months. Data shows sustained selling pressure as fund managers reassess exposure amid weak price performance and shifting market trends.
U.S. stock index futures rose on Wednesday, helped by gains in chip stocks, while investors geared up for quarterly earnings results of some of the so-called "Magnificent Seven" companies and a Federal Reserve rate decision.
CSB Bank shares tumbled 14% on Wednesday after the lender reported a flat Q3 profit and a sequential rise in gross and net NPAs. While NII and operating profit saw strong double-digit growth, asset-quality pressures weighed on sentiment. Management said overall business momentum remains strong, with improvements expected in the current quarter.
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