Gravita India promoter pares 3.4% stake for Rs 498 crore

A promoter of Gravita India on Friday divested a 3.4 per cent stake in the company for Rs 498 crore through an open market transaction. According to the bulk deal data available on the NSE, Rajat Agarwal offloaded 25 lakh shares, representing a 3.38 per cent stake in Gravita India.

Sun Pharma shares in focus after Q4 profit drops 19% YoY to Rs 2,154 crore

Sun Pharma’s Q4 consolidated net profit fell 19% YoY to ₹2,154 crore, despite an 8% rise in revenue to ₹12,959 crore. Sequentially, both profit and revenue declined. For FY25, net profit rose to ₹10,965 crore. The company reported exceptional charges related to a U.S. settlement. Shares slipped 0.7% amid mixed financial results.

ITC shares in focus after Q4 adjusted PAT rises 3% YoY to Rs 5,155 crore

ITC’s Q4 adjusted PAT rose 3% YoY to Rs 5,155 crore, driven by strong performance in the FMCG-Cigarettes and Agri Business segments. Revenue grew 10% to Rs 20,376 crore. However, some segments like FMCG-Others and Paperboards saw profit declines. The headline profit surged due to exceptional gains, keeping ITC shares in focus.

Bitcoin tops $110,000 for first time as US optimism lifts crypto

Bitcoin has crossed $110,000, reaching a new record. Optimism grew after US senate considered a stablecoin bill. Michael Saylor’s Strategy and other digital-asset firms are buying Bitcoin. Some companies are using bonds and stocks to fund purchases. Traders are focusing on Bitcoin positions expiring in June. Experts suggest a sustained break above $110,000 could lead to $125,000.

RVNL shares in focus after Q4 profit dips 4% YoY to Rs 459 crore

Rail Vikas Nigam Limited (RVNL) reported a 4% YoY decline in Q4 net profit to Rs 459 crore, with revenue down 4.3%. Despite a slight dip in EBITDA margin, RVNL declared a final dividend of Rs 1.72 per share. Analysts remain cautious, with an average target price of Rs 339 and a ‘Sell’ consensus rating.