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- ISM 2.0: Can semiconductor stocks become India's next long-term wealth creators?
The Union Cabinet had approved ₹1.27 lakh crore for the second edition of India Semiconductor Mission (ISM 2.0). At the current juncture, India offers an emerging manufacturing and infrastructure story backed by policy support.
- PNB shares jump 5.5% to 2-month high after Q1 profit more than triples; brokerages turn bullish
Punjab National Bank shares surged 5.6% to ₹111.70, driven by a 214% net profit increase to ₹5,253 crore for Q1FY27, supported by stronger operations and improved asset quality, reflecting a favorable earnings outlook.
- UltraTech Cement Q1 Results: Net profit jumps 17% YoY to ₹2,599 crore
In Q1FY27, UltraTech Cement's net profit surged 16.77% year-on-year to ₹2,599.28 crore, driven by operational efficiencies and market execution. Revenue grew 15.8% to ₹24,648 crore, while capacity utilisation stood at 81%, indicating strong demand in the construction sector.
- Axis Bank share price dips over 6% after Q1FY27 results
Axis Bank shares fell nearly 6% due to concerns over net interest margins despite a strong profit growth. The bank reported a consolidated net profit increase of 22.23% for the June quarter, yet asset quality showed a slight decline in non-performing assets.
- IDBI Bank Q1 results 2026: Net profit rises 5% YoY to ₹2,115 crore, NII up 10%
IDBI Bank reported 5% year-on-year (YoY) growth in net profit, rising to ₹2,115 crore in the June quarter.