Demand pipeline helps as revenues rise 16%; Ebitda strong despite war-led price hikes. UltraTech Cement achieved its highest-ever June quarter volume and profit. The company's volume growth exceeded industry expectations, indicating market share gains. Despite rising costs, Ebitda increased, demonstrating strong cost absorption capabilities.
CSB Bank reported a twenty-seven percent year-on-year net profit increase for the June quarter. Lower provisions and improved net interest income aided the bank's financial performance. Sequential profit declined due to typical seasonal business trends in the first quarter. Gold loans saw significant growth, while total advances also expanded. The bank focuses on customer acquisition and retail growth after technology upgrades.
PRISM is increasingly focusing on company-serviced and premium hospitality in India. Its company-serviced hotel network grew significantly, becoming a key business driver. These hotels contributed nearly half of India's Gross Booking Value in nine months. This shift aligns with a broader trend in India's fragmented hotel market. The company now emphasizes quality and productivity over mere network expansion.
Indian stock markets experienced significant declines on Wednesday. Escalating global tensions and inflation concerns spooked investors, leading to broad market weakness. Rate-sensitive sectors like realty and banking saw considerable losses. However, FMCG and auto stocks showed relative resilience due to strong earnings. US and European markets also faced mixed trading ahead of earnings.
Indian markets ended lower amid geopolitical tensions and inflation concerns, but analysts remain bullish on select stocks. Seven recommendations, including Bajaj Auto, Bosch and Asian Paints, highlight strong technical setups and continuation patterns, suggesting potential upside despite broader market volatility and cautious investor sentiment.
AMD plans to invest up to $5 billion in Anthropic, alongside a major AI chip supply deal starting 2027. The move strengthens AMD’s position against Nvidia while helping Anthropic secure critical computing capacity to meet rising AI demand through owned and cloud-based infrastructure.
AT&T shares climbed after reporting robust second-quarter earnings and adding customers. The company announced plans to accelerate its share buyback program this year. Revenue and income from continuing operations saw year-on-year increases. AT&T added over one million advanced connectivity customers during the quarter. The telecom giant reiterated its financial guidance through 2028.
Bill Gates’ equity portfolio has delivered strong gains in 2026, with several holdings rising over 25% year to date. Stocks such as Caterpillar, Madison Square Garden Sports and FedEx have led the rally, reflecting strength across industrial, logistics and entertainment sectors, according to Trendlyne data.
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