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Defence stocks in focus: Defence stocks such as Garden Reach Shipbuilders, Paras Defence, Apollo Micro Systems, Cochin Shipyard, and Solar Industries ended May with solid gains, driven by strong demand from Dalal Street investors, positioning the defence sector as the month’s top performer. The Nifty India Defence index concluded the month with a rally of…
Coal India Ltd’s (CIL) consolidated Ebitda for the March quarter (Q4FY25), adjusted for overburden removal write-back, rose 5% year-on-year to ₹11,200 crore, aligning with expectations. The increase marks a recovery after two consecutive quarters of Ebitda decline, driven by cost control measures and the stabilization of e-auction prices. Notably, employee costs, which account for over…
And subsequent to its latest quarter and annual results for fiscal year 2025 (FY25), broking firms have turned bullish on the bank’s prospects, raising the target price for its shares to between ₹2,250 and ₹2,340. That would mean a 17-22% increase from current share price levels of ₹1,924, resulting in a market valuation of about…