Revenue from operations came at Rs 57,002 crore in the third quarter compared to Rs 53,648 crore in the corresponding period a year ago.
Despite positive index returns over the past year, Nifty50 earnings expectations are moving in the opposite direction, with select names contributing to nearly two-third of gains.
In defence, Hindustan Aeronautics Ltd (HAL), Bharat Dynamics Ltd (BEL), PTC Industries Ltd and Raymond Ltd were identified as key gainers.
Union Budget was divided into three 'kartavyas' (duties) including to accelerate & sustain economic growth; fulfil aspiration of our people and vision of 'sabka sath, sabka vikas'.
Stocks such as Vedanta Ltd, Hindustan Copper Ltd, Hindustan Zinc Ltd, Steel Authority of India Ltd (SAIL), Tata Steel Ltd and JSW Steel posting sharp declines.
Hindustan Copper shares plunged 17.43 per cent to hit a low of Rs 566.85. Hindustan Zinc Ltd and National Aluminium Company Ltd hit their respective 10 per cent lower circuit limits at Rs 566 and Rs 346.25, respectively.
Investors are going into the Union Budget with tempered tax expectations after last year's Budget provided significant income tax relief, said VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited.
Budget 2026: Anand Rathi Share said a new policy framework supporting ‘Make in India’ is expected to reduce import reliance. This strategic shift is a major positive for Hindustan Copper, GMDC and Hindustan Zinc, it said.
Five stocks, namely ICICI Bank, HDFC Bank, Tata Steel, Infosys and Kotak Mahindra Bank, contributed heavily to the Sensex’s fall.
Among Sensex constituents, Tata Steel declined 2.64% to Rs 197. Eternal slipped 1.58%, while Mahindra & Mahindra (M&M), HCL Technologies and Infosys fell 1.23%, 1.23% and 1.18%, respectively.
In the Sensex index, shares of State Bank of India (SBI), Tata Steel and Tech Mahindra of India hit their fresh 52-week high.
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