FUND ALLOCATION FY25

Virtual Galaxy Infotech IPO: Check price band, GMP, subscription and other key details

Virtual Galaxy Infotech launched its IPO on May 9, aiming to raise Rs 93.29 crore through a fresh issue of shares. The IPO proceeds will be used for capital expenditure, debt repayment, and upgrading data center infrastructure. The company's shares are expected to list on the NSE SME platform on May 19.

Titan names Tanishq CEO Ajoy Chawla as next MD; Q4 profit up 12.9%, FY25 net dips 4.6%

Titan Company has announced Ajoy Chawla, currently CEO of Tanishq, as its next Managing Director, effective January 1, 2026, succeeding C K Venkatraman. The company's Q4 consolidated income rose by 22% year-on-year, with net profit increasing by 12.9% to ?871 crore.

Porter joins unicorn club with $200 million funding round; valuation hits $1.2 billion

The funding round for the on-demand logistics platform marked the exit of its early investors -- Peak XV Partners fully sold off its position, while Kae Capital and Lightrock have partially offloaded their stakes. Existing investor Vitruvian Partners also participated in the round. The $1.2 billion valuation is more than double the last $500 million post-money valuation of 2021, when it raised $101 million in a round led by Tiger Global.

Kalyan Jewellers FY25 profit up 20%, revenue rises 35%

Kalyan Jewellers reported a 35% YoY rise in FY25 revenue to ?25,045 crore and a 20% increase in PAT to ?714 crore. Q4FY25 showed strong double-digit growth across Indian and Middle East markets, while Candere remained loss-making.

NFO Alert: Canara Robeco Mutual Fund launches multi asset allocation fund

Canara Robeco has launched a Multi Asset Allocation Fund investing across equity, debt, and gold/silver ETFs to balance returns and risk. The fund aims for long-term growth through dynamic asset allocation and opens for subscription from May 9.

Dabur shares drop 4% post lacklustre Q4 show

RBI's dividend payment to govt for FY25 set to beat estimates, could be 50% higher than FY24

The Reserve Bank of India's surplus transfer to the government for the last fiscal year is projected to reach ?3 lakh crore, exceeding earlier estimates. This surge is attributed to robust dollar sales, increased foreign exchange gains, and higher interest income. The substantial dividend could help the Centre reduce its fiscal deficit and inject liquidity into the banking system.

HUDCO Q4 Results: PAT rises 4% YoY at Rs 728 crore, revenue jumps 38%

HUDCO reported a 4% YoY rise in Q4FY25 net profit to Rs 728 crore, with revenue surging 38% to Rs 2,845 crore. Full-year PAT rose 28% to Rs 2,709 crore. Loan sanctions and disbursements jumped sharply, while interest income and yields improved. Despite strong numbers, shares fell 3.5% after results were announced during market hours.

Asian Paints Q4 Preview: Weak urban demand to drag profit, revenue lower; margins to contract

Asian Paints is expected to report a muted Q4 FY25, with revenue likely falling 1–3% YoY and PAT dropping up to 14%. Analysts cite weak urban demand, margin pressure from competition, and higher costs. FY26 outlook remains cautiously optimistic on improving discretionary demand.

Paytm Q4 revenue drops 16%, losses persist: Key takeaways

One97 Communications, the parent of Paytm, reported a decline in revenue and marginal improvement in losses for the March quarter of FY25, amid one-time Esop-related expenses.

NSE declares dividend of Rs 35 per share along with Q4 results. Check details

The National Stock Exchange posted a 7% YoY rise in Q4FY25 net profit at ?2,650 crore, despite an 18% decline in revenue. It declared a ?35 final dividend. EBITDA margin dropped sequentially, while tech expenses jumped 25%.

Cold chain aggregator Celcius Logistics raises Rs 250 crore in equity, debt

Celcius Logistics has raised Rs 250 crore in a round co-led by Eurazeo and Omnivore to expand its cold-chain network to 1,000 cities and enhance its tech platform. The Mumbai-based startup, serving sectors like pharma and ecommerce, plans to scale operations, including its rider fleet, while focusing on climate-resilient logistics.

ETMarkets Smart Talk | Ajay Lakhotia’s asset strategy: 50% equities, 20% Gold, 10% REITs for 30-40 year olds

In an exclusive interview with ETMarkets, Lakhotia shares his ideal portfolio mix for this age group, highlighting a 50% allocation to equities, 20% to gold, 10% to REITs or international funds, and 20% to debt instruments.

ETMarkets PMS Talk: Karan Aggarwal on India’s 10-year wealth themes - Banks, infra & financial inclusion to lead

From the tactical success of the Elever FactorShields Fund, which delivered 20% returns in FY25, to sharp views on the US-led macro shifts and sector rotation strategies, Aggarwal outlines how investors can align portfolios for stability and long-term alpha. Edited Excerpts –

Indian Hotels Q4 results: PAT jumps 25% YoY to Rs 522 crore, revenue up 27%

Indian Hotels Company reported a 25% YoY rise in Q4FY25 net profit to Rs 522 crore and a 27% jump in revenue. Sequentially, both profit and revenue dipped. EBITDA rose 30% with margin improvements. The company declared a Rs 2.25 dividend and operates 243 hotels.

Coforge posts 16.5% rise in profit to Rs 261 crore in Q4

Revenue from operations for the quarter under review rose 47% year-on-year to reach Rs 3,410 crore, against Rs 2,318 crore in Q4 FY24. Seen sequentially, profit and revenue rose 21% and 4.6%, respectively.

M&M Q4 Results: Standalone PAT jumps 22% YoY to Rs 2,437 crore; dividend declared at Rs 25.30/share

M&M Q4 Results: During the quarter, the company’s total vehicle sales rose 18% YoY to 2,53,028 units, while tractor sales increased 23% YoY to 87,138 units. Utility vehicle (UV) volumes grew 18% YoY to around 1.49 lakh units.

Net interest margins of microfinance industry in FY25 anticipated to shrink: Report

The net interest margins (NIMs) of microfinance institutions (MFIs) are expected to shrink in the financial year 2025 ended in march, due to emerging challenges in asset quality and declining yields, according to a recent report by Mavenark Advisors.

Ather Energy IPO sees muted grey market buzz ahead of its listing

Ather Energy IPO: The Rs 2,626 crore IPO, open from April 28 to April 30, received a generally muted response across all categories. Retail investors subscribed 1.78 times their allotted portion, while qualified institutional buyers subscribed 1.70 times. Non-institutional investors showed weaker demand with a 66% subscription, but the employee quota saw strong interest, with subscriptions at 5.43 times.

R R Kabel shares zoom 17% on 64% YoY surge in Q4 profit, W&C segment capacity addition

R R Kabel's shares surged 17% following a robust Q4 performance, with PAT soaring 64% to Rs 129.1 crore and revenue climbing 26% to Rs 2,217.8 crore. The company's EBITDA margin improved significantly, driven by strong growth in the wires and cables segment and solid momentum in the FMEG business.

One fund, many opportunities: The power of multicap investing

Indian equities experienced correction since September 2024. This correction is due to expensive valuation and foreign capital outflows. Multi cap mutual funds are now an attractive option for long-term investors. These funds invest across large, mid, and small-cap stocks. India's GDP growth is projected at 6.5% for FY2026. Multi cap funds balance risk and return in volatile markets.

Mutual funds' cash kitty hits 15-year high. What it means for investors?

Mutual funds' cash holdings have surged to a 15-year high in March 2025, signaling fund managers' cautious approach amid limited attractive investment opportunities. This elevated cash level mirrors trends seen in 2011 and 2018, preceding Nifty rallies concentrated in large-cap stocks. Investors should temper return expectations and prioritize portfolio quality, asset allocation, and risk management.

ETMarkets PMS Talk: Growth, margin expansion, and valuation - the 3 pillars behind Purnartha’s stock selection

All our equity funds have delivered strong performance over the one-year time frame, while our concentrated schemes have also outperformed over the two-year period. This consistent performance is primarily attributed to our strict adherence to core investment philosophies and timely decision-making.