Balu Forge Industries shares hit 10% upper circuit. Heres whats behind the surge
INDIA MARKET | Thu, 29 Jan 2026, 12:20PM IST
Balu Forge Industries shares surged significantly after its formal induction into the NATO supply chain. The company will now manufacture and supply critical defence components, including artillery shell bodies, to NATO member states. This strategic milestone positions Balu Forge at the forefront of the alliance's industrial efforts.
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Stock Market LIVE: Sensex down 240pts; Nifty at 25,280; FM Nirmala Sitharaman tables Economic Survey
INDIA MARKET | Thu, 29 Jan 2026, 12:20PM IST
Sensex Today | Stock Market LIVE Updates: Among the broader baskets, the Nifty Midcap 100 and Nifty Smallcap 100 indices were trading lower by 0.38 per cent and 0.14 per cent, respectively
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Balu Forge Industries hits 10% in trade; what's driving investor interest?
INDIA MARKET | Thu, 29 Jan 2026, 12:20PM IST
The stock was in demand after the company announced its formal induction into the Nato supply chain for critical defence components
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HAL has a new vision for Indian civil aviation
INDIA BUSINESS | Thu, 29 Jan 2026, 12:20PM IST
Hindustan Aeronautics Limited (HAL): The aerospace major is currently working on the Dhruv NG, a civil variant of the Advanced Light Helicopter, and the Hindustan 228, which is an 18-seater aircraft. Additionally, the company has introduced the SJ-100, a regional jet designed to seat 103 passengers.
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Bitcoin holds near $88,000 as Fed pause, weak ETF flows weigh on $2.98T crypto market
INDIA MARKET | Thu, 29 Jan 2026, 12:18PM IST
Bitcoin hovered near $88,000 after the Fed held rates steady, with macro caution and weak ETF flows weighing on the market, pushing the global crypto market cap to $2.98 trillion. In the last 24 hours, Bitcoin fell 0.9%, and Ethereum dropped 1.59%.
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Ask Automotive gains as Q3 PAT jumps 21 YoY to Rs 80 cr
INDIA MARKET | Thu, 29 Jan 2026, 12:16PM IST
ASK Automotive added 2.40% to Rs 436.60 after the company reported an 21.29% rise in consolidated net profit to Rs 79.92 crore in Q3 FY26, compared with Rs 65.89 crore in Q3 FY25.
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Global gold demand hits all time high of 5,000 tonnes in 2025: WGC
INDIA MARKET | Thu, 29 Jan 2026, 12:14PM IST
Global demand for gold has crossed 5,000 tonnes to reach a new all-time high in 2025, mainly driven by investments, the World Gold Council (WGC) said in a report on Thursday.
Total gold demand hit a new all-time high of 5,002 tonnes in 2025, up from 4,961.9 tonnes in the previous year, as the investment demand surged to 2,175.3 tonnes compared to 1,185.4 tonnes in 2024, driven by safe-haven and diversification factors, according to the WGC's Full-Year 2025 Gold Demand Trends report.
In the October-December quarter, the consumer demand went up by 2 per cent to 1,345.3 tonnes compared with 1,318.5 tonnes in the corresponding period of the previous year.
The average gold price globally stood at USD 2,709.7 per ounce in January 2025 on the LMBA (London Bullion Market Association) as compared to USD 2,034 per ounce in January 2024.
Investment demand, both ETFs and bars and coins, went up by 84 per cent in 2025 to 2,175.3 tonnes from 1,185.4 tonnes in the previous year.
This surge in ..
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Gold ETFs outshine silver ETFs with up to 13% surge amid precious metals rally
INDIA MUTUAL FUNDS | Thu, 29 Jan 2026, 12:12PM IST
Gold ETFs outperformed silver ETFs with gains up to 13% amid a rally in precious metals. Rising geopolitical risks, strong investment flows and tight supply conditions have driven record highs in gold and silver futures on MCX.
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Defence sector set for strong growth amid anticipated Budget boost
INDIA NEWS | Thu, 29 Jan 2026, 12:08PM IST
Indias defence sector is poised for an expansionary phase in the coming fiscal year, as analysts and industry experts anticipate a significant increase in government spending. With FY27 budget proposals hinting at a potential 20% to 25% rise in defence allocations, the industry outlook remains structurally positive.Jyoti Gupta, from Nirmal Bang Institutional in an interview to ET Now, highlighted the growth trajectory, noting, So, well 20% to 25%, it is a bit high, but yes, the outlook looks remain expansionary with FY26 allocations of around 6.8 trillion, which is around 9.5%. We expect forming the base for an expected increase of 10% to 15%. 20-25% would be a great number and as spending trends towards around 2% of the GDP amid heightened geopolitical risk, in fact capital outlay which is roughly around 1.8 trillion we expect this to become 2.1 to 2.3 trillion. So, potentially lifting its share to 30% which is currently at around 26%. So, definitely it is structurally very positive for the industry and in fact the recent rally also that we saw yesterday reflects fundamental strength emanating from government spending, policy reforms, earnings beats because while third quarter could be a mixed bag but fourth quarter would be very-very strong for the entire industry and anticipated budget support that we are seeing right now. So, the long-term outlook definitely looks remains supportive, but near-term valuations are stretched and therefore selective profit booking or tactical entry on dips may be prudent.While the proposed growth is promising, analysts caution that it is important to consider the challenges that remain. Gupta emphasized, Yes, could be, but then we have to see the major challenges which are currently there in the industry as well. What is important is we need to see the working capital for the companies, the private players, the stretched working capital, then execution would be the key and of course the technology developments especially R&D in terms of AI in defence and supersonic technology, so we need a lot of research and development. So, I think my focus would be to see more of allocation in terms of research and development rather than we do have enough order books and the key would be earnings going forward emanating from execution.On the subject of Hindustan Aeronautics Limited (HAL) and its possible foray into civil aviation, Gupta remarked, I do not see HAL. HAL does do some civil aviation part, but I do not see it venturing significantly, like 10% to 20% moving into civil aviation as of now. We have a very critical platform Tejas which needs to be executed. See, yes, first of all, I want to see HAL delivering seven aircrafts by fourth quarter of FY26 and maybe another at least 12 in FY27 before it actually ventures into civil aviation.For Bharat Electronics Limited (BEL), the outlook appears robust. Gupta stated, BEL definitely I am very positive for the next five years, I see one, the order book is not peaking at any point of time and BEL has sustained that revenue trajectory and I think that 15% guidance that the company gives they are going to surpass the guidance in FY26 and going forward in the subsequent years as well. On the execution side, BEL is one company which is aligning with standards and living up to our expectations. But as far as Garden Reach is concerned, I believe the trajectory that they are currently in now, they should be able to sustain it. But any surprises going forward, possibly difficult to see at this point of time.Execution capabilities across the sector are also receiving attention. See, execution, one needs to understand that the pace of execution right now has already picked up. What needs to happen is sustainability and that should be a function of their working capital requirements. They should get enough support from the government on that side. Scaling up for some companies despite good order books could be a challenge going forward. I mean, I think the large ones will continue to do well. The companies which have that threshold of scaling up should do well going forward, but smaller players will face some sort of challenges in the next couple of quarters, Gupta noted.On margins, particularly for defence PSUs, Gupta observed, First of all, we need to understand that any defence company with long duration order visibility, deep indigenisation, exposure to capital intensive platform, strong margins and credible export optionality is a preferred stock. Now why? Well else you should avoid any players which are dependent on single programmes or low tech commoditised supply. Now within that yes, if you increase indigenisation, your margins should expand and for BEL I believe the guidance that they have given of 27% is conservative and that should improve but I think that should happen by end of FY27, maybe from FY28 while I feel that they will surprise my expectation of FY28. BEL should see a margin expansions of by 1% maybe in the next financial year itself.With government spending trends, policy reforms, and execution capabilities aligning, the defence sector appears well-positioned for sustained growth, though analysts advise careful monitoring of working capital and technology investments to ensure long-term stability.
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CSB Bank slips 8% in trade; down over 19% in 2 days post Q3; check details
INDIA MARKET | Thu, 29 Jan 2026, 12:06PM IST
In Q3, CSB Bank posted a 0.68 per cent rise in net profit to 152.67 crore, as compared to 151.63 crore a year ago
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Gland Pharma rises after Q3 PAT jumps nearly 28% YoY to Rs 261 crore
INDIA MARKET | Thu, 29 Jan 2026, 12:05PM IST
Gland Pharma advanced 6.65% to Rs 1801 after the company reported 27.7% increase in consolidated net profit to Rs 261.48 crore on a 22.5% rise in net sales to Rs 1695.36 crore in Q3 FY26 as compared with Q3 FY25.
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Hindustan Copper Ltd leads gainers in 'A' group
INDIA MARKET | Thu, 29 Jan 2026, 12:04PM IST
ABB India Ltd, Balu Forge Industries Ltd, Moschip Technologies Ltd and Gland Pharma Ltd are among the other gainers in the BSE's 'A' group today, 29 January 2026.
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INDIA NEWS | Thu, 29 Jan 2026, 12:04PM IST
Starting February 1, 2026, air travellers in the United States who do not carry a Real ID-compliant drivers licence, passport, or another accepted form of identification will face a new $45 fee to use a special verification process at airport security called TSA ConfirmID. The Transportation Security Administration (TSA) said the system is introduced to help passengers who arrive at the airport without acceptable ID complete identity verification so they can proceed through security, but stressed that using ConfirmID does not guarantee boarding. The change is part of broader efforts to enforce Real ID requirements and tighten security for domestic air travel across the country. How TSA ConfirmID works According to information published by the TSA, ConfirmID allows travellers without valid ID to request an identity verification check at airport security. The agency said the process is optional and does not guarantee that a traveller will be cleared to fly. The TSA said passengers who choose not to use ConfirmID and are unable to present acceptable identification may be denied access to security screening and could miss their flight. It also warned that fraud or misuse of the process will be handled under federal penalties. Under the ConfirmID system, travellers must pre-pay the $45 fee through Pay.gov. The payment requires the travellers legal name and a travel start date, and the fee remains valid for 10 days from that date. Payment can be made using a bank account, debit or credit card, Venmo, or PayPal. Once payment is completed, travellers receive a confirmation email, which must be shown at the TSA checkpoint as proof of payment. Each adult aged 18 or older without acceptable ID must complete the process separately. The TSA said the name on the payment card does not need to match the travellers name. ConfirmID is not a replacement for Real ID The TSA clarified that ConfirmID does not replace the Real ID requirement. It is meant as an alternative option for travellers who arrive at the airport without acceptable identification, including a passport or Real ID-compliant drivers licence. The change comes as US authorities continue to enforce Real ID rules for domestic air travel. The TSA said travellers are encouraged to ensure they carry valid identification before travelling to avoid delays, additional costs, or the risk of being unable to fly.
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NSE SME KRM Ayurveda rings the opening bell like a healing conch
INDIA MARKET | Thu, 29 Jan 2026, 12:04PM IST
KRM Ayurveda traded at Rs 176.05 on the NSE, a premium of 30.41% compared with the issue price of Rs 135.
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MCX rallies 18% in 3 days post Q3 results; brokerages see more upside
INDIA MARKET | Thu, 29 Jan 2026, 12:03PM IST
MCX stock has jumped 23 per cent post its 1:5 stock split earlier this month; and zoomed as much 207 per cent from its 52-week low of 882 touched on March 11, 2025.
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Bumble, Match, Panera Bread and CrunchBase hit by cyberattacks: Report
INDIA BUSINESS | Thu, 29 Jan 2026, 12:02PM IST
Bumble, Match Group , and CrunchBase were hit by cyberattacks, Bloomberg News reported on Wednesday
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Hypocrisy-laden message to nation: Congress slams PM Modi's remarks ahead of Budget session
INDIA BUSINESS | Thu, 29 Jan 2026, 11:54AM IST
Jairam Ramesh said PM Modi would not sit in Parliament and respond to the concerns of the Opposition leaders, but will instead make election rally speeches in both Houses
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Manorama Industries soars over 8% after lifting revenue guidance for FY26
INDIA MARKET | Thu, 29 Jan 2026, 11:52AM IST
Manorama Industries raised the revenue guidance for the financial year 2026 to 1,300 crore from 1,150 crore earlier after net profit more-than-doubled in December quarter.
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Indices trade lower; consumer durables shares decline
INDIA MARKET | Thu, 29 Jan 2026, 11:50AM IST
Investors are also awaiting quarterly results from ITC, Tata Motors, and Vedanta, due later today, along with the upcoming Union Budget 2026 scheduled for February 1, 2026. Meanwhile, the Nifty traded below the 25,300 level.
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Balu Forge jumps on induction into NATO defence supply chain
INDIA MARKET | Thu, 29 Jan 2026, 11:50AM IST
Balu Forge Industries surged 4.63% to Rs 372.55 after the company announced its induction into the NATO supply chain.
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Union Budget 2026: From Bahi Khata to Blue Sheet: Five interesting things to know
INDIA BUSINESS | Thu, 29 Jan 2026, 11:49AM IST
The Budget 2026-27 will be presented on February 1, 2026 by Finance Minister Nirmala Sitharaman. The financial document has had a long and interesting history.
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INDIA MARKET | Thu, 29 Jan 2026, 11:48AM IST
Investors are looking for a Budget that encourages growth without weakening fiscal stability. A focus on productive capex, selective incentives and realistic revenue planning usually enhances confidence. The interplay between market-friendly policy choices and fiscal pressures will shape the overall response.
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Somany Ceramics share price rises 8% on strong Q3; profit climbs 76% YoY
INDIA MARKET | Thu, 29 Jan 2026, 11:47AM IST
Somany Ceramics share price today: The Somany Ceramics shares rose as much as 8.5 per cent to 420 on the National Stock Exchange (NSE).
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Stock Market LIVE: Sensex slips 300 pts; Nifty near 25,250; Hindustan Copper up 16%, L&T 3%
INDIA MARKET | Thu, 29 Jan 2026, 11:46AM IST
Sensex Today | Stock Market LIVE Updates: Among the broader baskets, the Nifty Midcap 100 and Nifty Smallcap 100 indices were trading lower by 0.38 per cent and 0.14 per cent, respectively
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India's gold demand to fall in 2026 as jewellery slump offsets investment
INDIA MARKET | Thu, 29 Jan 2026, 11:44AM IST
Demand for gold could stand between 600 metric tons and 700 metric tons, compared to 710.9 tons last year, which was the lowest in five years
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Thyrocare Technologies shares fall 7% on Q3 results; check key numbers here
INDIA MARKET | Thu, 29 Jan 2026, 11:44AM IST
Thyrocare reported a strong performance for the Q3FY26, with consolidated profit after tax (PAT) after exceptional items rising 80 per cent to 34.07 crore from 18.94 crore in the year-ago period
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CarTrade Tech gains 5% intraday after Q3 results; JM Fin upgrades stock
INDIA MARKET | Thu, 29 Jan 2026, 11:44AM IST
JM Financial said it does not see any major change to CarTrade Tech's revenue estimates across segments and expects the margin trajectory to improve
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Union Budget 2026: The rooms India needs to build for the world to check in
INDIA BUSINESS | Thu, 29 Jan 2026, 11:42AM IST
India Budget 2026: As India eyes Union Budget 2026, the tourism and hospitality sector seeks strategic support to enhance hotel capacity and global competitiveness. Recognizing hotels as long-term economic infrastructure and rationalizing GST are crucial for balanced growth and attracting investment, especially in Tier II and III cities. The budget can bolster India's readiness to welcome global travelers.
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MCX shares soar nearly 20% in 3 sessions! Whats behind the sharp surge?
INDIA MARKET | Thu, 29 Jan 2026, 11:41AM IST
Multi Commodity Exchange of India shares surged on Thursday. The company reported a significant 151% year-on-year jump in net profit for the quarter ended December 31, 2026. This bullishness was further fueled by rising gold and silver prices. Higher trading volumes directly boosted MCX revenues and operational performance. The exchange also saw substantial growth in trading activity across segments.
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INDIA MUTUAL FUNDS | Thu, 29 Jan 2026, 11:38AM IST
International mutual funds have delivered triple-digit gains since Budget 2025, driven by a rebound in US and Asian markets. Experts say the surge reflects a cyclical recovery, not a structural shift. For Budget 2026, investors and AMCs expect policy stability, higher offshore limits, and clearer taxation rules to support global diversification.
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India bonds slip as rupee slide blunts RBI bond-buy positivity
INDIA MARKET | Thu, 29 Jan 2026, 11:37AM IST
Indian government bonds experienced a downturn as the rupee hit a new low, raising concerns that central bank liquidity injections might be negated by efforts to stabilize the currency. Despite supportive domestic growth, weak foreign inflows and increased hedging demand pressured the rupee. Traders are also wary of record government borrowing plans.
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Bharat Electronics shares slip 3% as Nomura retains Neutral rating, citing rich valuations
INDIA MARKET | Thu, 29 Jan 2026, 11:36AM IST
The companys order backlog stood at Rs 730.2 billion as of December 2025, up 3% year-on-year. The company said that this implies an order inflow of Rs 56.8 billion during 3QFY26, which was broadly in line with estimates.
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India's gold demand to fall in 2026 as jewellery slump offsets investment rise
INDIA BUSINESS | Thu, 29 Jan 2026, 11:33AM IST
India's gold demand is projected to decrease in 2026. This follows an 11% drop last year. Rising gold prices are impacting jewellery sales significantly. However, investment in gold is seeing an increase. The World Gold Council anticipates demand between 600 and 700 metric tons for 2026. This trend indicates a shift in consumer behavior towards gold as an investment.
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Aeroflex Inds gains after Q3 PAT rises 8% YoY to Rs 16 cr
INDIA MARKET | Thu, 29 Jan 2026, 11:32AM IST
Aeroflex Industries rallied 3.18% to Rs 172.15 after the company's consolidated net profit increased 8.41% to Rs 16.49 crore on 21.13% jump in revenue from operations to Rs 120.89 crore in Q3 FY26 over Q3 FY25.
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Explained: What made gold price jump 9% in one day to beat silver
INDIA COMMODITIES | Thu, 29 Jan 2026, 11:28AM IST
Gold prices skyrocketed 9% on MCX after global investors rushed to safe-haven assets amid falling trust in paper currencies, Fed independence concerns, geopolitical tensions, and a weakening dollar. Silver also rallied, but gold outshone due to stronger safe-haven demand, central bank buying, and shifting market preference toward hard assets.
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Toyota retains top auto crown in 2025
INDIA NEWS | Thu, 29 Jan 2026, 11:28AM IST
Toyota Motor sold a record 11.3 million vehicles globally in 2025, the company said on Thursday, retaining its crown as the world's top-selling automaker for a sixth consecutive year.Global group sales rose 4.6% from a year earlier, including the parent company's Toyota and Lexus brand vehicles as well as those sold by small-car unit Daihatsu and truck maker Hino Motors.Second-ranked German rival Volkswagen Group reported this month that unit sales fell 0.5% last year to just under 9 million vehicles, as it seeks to cut costs at home and contend with intense competition in China.Toyota's growth was driven mainly by sales in the U.S. and Japan, which together accounted for more than two-fifths of the parent company's sales.Toyota and Lexus brand vehicle sales rose 3.7% in 2025 to 10.5 million, also a record, helped by strong demand for hybrid vehicles in the U.S.Exports from Japan to the U.S. jumped 14.2% to about 615,000 vehicles, with the RAV4 SUV among the most popular models.In China, Toyota's sales edged up 0.2%, the first time in four years they did not decline, despite the heavy competition in the world's top car market.Gasoline-electric hybrids accounted for 42% of Toyota's parent company sales globally, while battery-electric vehicles made up 1.9%.
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Toyota retains top auto crown in 2025 with record sales
INDIA BUSINESS | Thu, 29 Jan 2026, 11:28AM IST
Toyota has achieved a historic milestone, selling a record 11.3 million vehicles worldwide in 2025. This marks the sixth consecutive year the Japanese automaker has held the title of the world's top-selling car company. Sales saw a significant increase, driven by strong performance in the United States and Japan. Hybrid vehicles played a crucial role in this success.
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INDIA MARKET | Thu, 29 Jan 2026, 11:25AM IST
A look at Redmi Note 15 Pro and Redmi Note 15 Pro+ specs, features, and price in India.
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Ajit Pawar Funeral Live Updates: Maharashtra Dy CM's Sons Parth and Jay Perform Last Rites Rituals
INDIA MARKET | Thu, 29 Jan 2026, 11:24AM IST
People attend the funeral of Maharashtra Deputy Chief Minister Ajit Pawar, at Baramati in Pune district
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Stock Market LIVE: Sensex slips 250 pts; Nifty below 25,300; Hindustan Copper up 16%, L&T 3%
INDIA MARKET | Thu, 29 Jan 2026, 11:21AM IST
Sensex Today | Stock Market LIVE Updates: Broader markets were trading higher. Nifty MidCap 100 index rose 0.54 per cent. Nifty SmallCap 100 index was up 0.38 per cent
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L&T gains as Q3 PAT climbs 18% YoY to Rs 2,832 cr
INDIA MARKET | Thu, 29 Jan 2026, 11:17AM IST
Larsen & Toubro added 2.67% to Rs 3,895.05 after the company reported a 17.78% jump in standalone net profit to Rs 2,832.08 crore on 8.34% increase in revenue from operations to Rs 37,902.84 crore in Q3 FY26 over Q3 FY25.
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