multibagg.ai

Sun Pharma’s India business saw 17.3% growth to contribute 34.5% to sales mix at ₹5,552 crore. US business showed weakness with revenues declining 8.2% to $455 million and contributing 27% to sales mix. Company-wide revenue was up 11.9% to 16,199 crore rupees; however, their net profits plunged dramatically by 36% to 1,989 crore rupees. This sharp decline came from an expense of 1,269 crore rupees related to the Organon acquisition deal. If we remove this expense from the figures, net profits would be higher by 6.3%. Management cited slower sales performance in the US of their Ilumya drug as well as higher costs for R&D (6-7% of sales). They forecast revenues in the double digits by fiscal year 2027.

SEBI wants the 12.5% LTCG tax on foreign investors removed, per Reuters. FPIs have sold a record $31 billion of Indian equities this year. Nifty 50 is down 4.8% over two years, while the MSCI Emerging Markets index has gained 40%. SEBI has also proposed that mutual fund switches after one year not be treated as a taxable sale. These are the pre-budget recommendations.

As per Goldman Sachs, India is on track to hit its 4.3% fiscal deficit target for FY27, primarily due to very strong corporate tax collections. Corporate tax receipts are up 22% so far this year (vs 12% in the budget), income tax is up 9% (vs 18% expected). Deficit was at 42.6% of the annual target by September and the month itself was in balance. The main risk is still high crude prices which would lead to increased subsidy expenditure and further fuel tax cuts. Corporate taxes have been supporting the fiscal position of India so far.

BREAKING: Reliance Industries just reported its highest quarterly profit EVER. Net profit: ₹25,548 crore, up 41% YoY. Revenue: ₹3.62 lakh crore, up 28%, an all-time high. EBITDA: ₹62,409 crore, up 24%, a record. The reason for these numbers? Chaos in the Middle East. With the Strait of Hormuz closed and Saudi Arabia's East-West Pipeline closed, diesel cracks spiked 252% YoY to $65.8/bbl. Jet fuel cracks up 268%. Gasoline up by 2X. Reliance procured crude from Latin America, North America, and Mediterranean regions. They refined crude and supplied oil to those who lacked fuel supply. Global oil shortage became an opportunity for Reliance.

IPO so goated that the rupee hit a six-week high and the issue was subscribed within minutes of opening.

If India can grow at 7% with war in the middle east and Europe, oil at $100, imposition of tariffs, hostile US, El Nino. What will be our growth rate when the situation becomes favourable?

Page 59, U-DRHP of Zepto Zepto is a "foreign owned and controlled" company in accordance with the Consolidated FDI Policy and FEMA Rules.

UMB FINANCIAL HAS GAINED 18.3% IN 6M, HELPED BY THE HEARTLAND DEAL, FED RATE CUTS AND FEE INCOME GROWTH. THE KEY QUESTION: DOES THE RALLY STILL LEAVE ROOM FOR MORE UPSIDE?

NSDL TO PUBLISH DAILY DII FLOW TRENDS, GIVING INVESTORS MORE TIMELY VISIBILITY INTO DOMESTIC INSTITUTIONAL INVESTMENT ACTIVITY IN INDIA.

JEFFERIES TURNS POSITIVE ON INDUSTRIALS LIKE L&T, ABB AND CUMMINS, SAYING OPERATING LEVERAGE MAY BE BETTER THAN EXPECTED; A SUPPORTIVE VIEW FOR ABB INDIA.

IPCA LABORATORIES Q4 2026 SAW STRONG DOMESTIC & EXPORT FORMULATION GROWTH, WITH EBITDA MARGIN EXPANSION DESPITE WEAKNESS IN THE INSTITUTIONAL SEGMENT.

OLECTRA GREENTECH PLANS TO EXPAND EV BUS CAPACITY AND INVEST ₹600 CRORE IN 55-TONNE E-TRUCKS, BROADENING ITS PUSH INTO COMMERCIAL EVS.

GOVT TO SELL 6% STAKE IN NHPC VIA OFS AT FLOOR PRICE OF ₹71; NON-RETAIL BIDDING OPENS 02 JUN 2026, RETAIL BIDDING STARTS 03 JUN 2026.

GOVT TO SELL UP TO 6% STAKE IN NHPC VIA OFS AT ₹71/SH FROM TUESDAY; RETAIL BIDDING ON 03 JUN, DEAL MAY RAISE ~₹4,200 CR.

INDIA'S INDUSTRIAL OUTPUT GREW 4.9% IN APRIL UNDER THE NEW BASE YEAR SERIES, LED BY MANUFACTURING AND CAPITAL GOODS EXPANSION.

UFLEX Q4 FY26 NET PROFIT ROSE 14.9% TO ₹196.96CR, INCOME UP 5.7% TO ₹4,097.31CR; FY26 PROFIT DOUBLED TO ₹328CR.

DABUR INDIA SHARES FELL 4.27% AFTER USFDA FLAGGED SERIOUS LAPSES AT ITS SILVASSA PLANT. THE COMPANY SAID THE UNIT CONTRIBUTES INSIGNIFICANT REVENUE AND OPERATIONS REMAIN UNAFFECTED.

GOVT TO LAUNCH NHPC OFS ON 02 JUN, FLOOR PRICE ₹71/SH, OFFERING 3% EQUITY WITH 3% GREENSHOE. RETAIL BIDDING OPENS 03 JUN.

INDIAN MARKETS UPDATE: SENSEX AND NIFTY TRACK LIVE MOVES AS INVESTORS WATCH GLOBAL CUES, FII FLOWS, AND SECTOR ROTATION.

INDIA'S FISCAL DEFICIT DOUBLED IN APRIL AS WEST ASIA TENSIONS LIFTED CRUDE PRICES, ADDING PRESSURE ON GOVT FINANCES AND THE BROADER ECONOMY.