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$50K watch gift sparks outrage in Iran

Redington shares rally 5% after Apple unveils new features at WWDC 2026

Shares of Redington surged nearly 5% on Tuesday after Apple unveiled a completely rebuilt Siri at its Worldwide Developers Conference (WWDC) 2026, along with a host of features and OS updates.The company rolled out the next-generation Apple Intelligence features, AI-powered photo editing tools, enhanced child-safety capabilities and software updates across iPhone, iPad, Mac, Apple Watch and Vision Pro.Redington has been a key Apple distribution partner since 2007, handling the logistics, warehousing and distribution of Apple products to retailers and resellers across India, the Middle East, Turkey, Africa and South Asia.Redington shares sharply surged to an intraday high of Rs 241 apiece on NSE on Tuesday morning, snapping a two-session losing streak. Notably, Apple shares meanwhile closed around 2% lower after its annual conference.New Apple features unveiled at WWDC 2026In what was Tim Cook’s last WWDC as the Apple CEO, the company on Monday unveiled a much-awaited overhaul of Siri, introducing a more conversational, context-aware version of its digital assistant as the company seeks to catch up with AI rivals including ChatGPT, Gemini and Claude.The new model called 'Siri AI' will now come with a dedicated app, a redesigned interface and improved conversational abilities. According to Apple, it can understand a user's personal context, access broad world knowledge and even understand what is currently on a user's screen.Also read: Siri gets an AI makeover, its biggest upgrade since 2011 debutApple also unveiled the next generation of Apple Intelligence, built on updated Apple Foundation Models that power Siri, image generation, writing assistance and reasoning capabilities. It also significantly expanded its Visual Intelligence, bringing image understanding capabilities to more devices. On the iPhone, Siri can now analyse what users see through the Camera app and answer questions about objects, locations and food. The assistant can also perform actions such as splitting restaurant bills using Apple Cash.Why are Redington shares rising?Redington has a long-standing partnership with Apple, dating back to a 2007 distribution agreement for Apple products in India. Redington manages logistics, warehousing, and distribution to resellers and retailers across India, the Middle East, Turkey, Africa, and South Asia. It is one of Apple’s key official national distributors and supply-chain partners in India.Redington in May reported a consolidated net profit of Rs 391 crore for the January-March quarter of FY26. This is over 41% lower than the Rs 666 crore net profit reported in the corresponding quarter of the previous financial year. The firm’s revenue from operations, meanwhile, increased nearly 26% YoY to Rs 33,213 crore during the quarter under review.Also read: Siri AI, Apple Intelligence, child safety tools and more — Biggest announcements from AppleRedington share priceRedington shares have gained over 6% in one month but declined around 14% in 2026 so far. The stock is down 17% in one year. In the longer term, the shares of the tech company jumped 28% in three years and more than 74% in five years.The company currently has a market capitalisation of more than Rs 18,537 crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Mid and smallcaps get the money as Nifty lags

The Advance-Decline Ratio (ADR), a widely watched indicator of overall market health, was above one for May, pointing to growing investor confidence in mid and small-cap stocks despite weakness in the headline index.The monthly average ADR reading of all BSE stocks continued to remain strong as the ratio remained above one for two consecutive months. In May, the ratio was at 1.06 while the reading was at 1.5 in April, the highest since June 2020 in nearly six years. In June, the ratio has advanced to 0.86 as of Monday."The domestic investors continued to pump money into equities and midcaps typically attract retailers," said Jay Vora, technical analyst, Mirae Asset Sharekhan. "The large-caps however, bore the brunt of the foreign sell off," he said.The Nifty Midcap 100 index hit a record high in May and jumped 3.2% during the month, while the Nifty Smallcap 100 index rose 0.7%. The benchmarks Nifty and Sensex fell 2% and 2.8% respectively."Benchmark Nifty and the smallcap index remained 8-9% away from their peaks in May, while the midcap index scaled a fresh new high in the month," said Nilesh Jain, VP-head of Technical and Derivative Research, Centrum Finverse."This led to the divergence between the advance-decline ratio and benchmark Nifty," Jain said. 131599534Jain added that the smallcaps had slumped 24% from peaks but recovered almost 20% signaling that the rebound could sustain.An advancing Advance-Decline Ratio means more stocks are gaining and points to a strengthening market. While benchmark Nifty is likely to remain in a range, the broader market is expected to relatively outperform."The midcap index is holding above its breakout levels in May, and the momentum seems to be picking up in the smallcap index as well," said Vipin Kumar, AVP Equity Research & PMS (Derivatives & Technical Analyst), Globe Capital Market. For the Nifty Midcap 100, gains could extend to 63,500 levels while the Smallcap 100 index is expected to test its record high around 19,600 in June, he said."The midcaps and smallcaps are likely to outperform while the Nifty is anticipated to remain in a range with a negative bias," said Jain. "The largecaps are not looking promising currently and are likely to remain under pressure," he said.

Asian stocks rebound on Iran optimism, AI trade

Asian stocks rebounded from their biggest drop since March as tensions in the Middle East eased and a selloff in artificial intelligence shares abated.The Kospi Index, the world’s best-performing gauge this year on the back of AI trade, gained 4.4% and the Nikkei rose 0.9%. That sent the broader MSCI Asia Pacific Index higher by 0.9%, following three days of losses spurred by factors including bets for an interest-rate hike by the Federal Reserve.Advances in Asia came after Wall Street gauges recovered, with chipmakers such as Nvidia Corp. and Micron Technology Inc. climbing. Intel Corp. shares rose the most in a month after the Information reported that Alphabet Inc.’s Google will use it to make chips.Brent crude traded steady at around $94.40 per barrel. The commodity pared much of its advance in the previous session as Iran and Israel pledged to ease strikes that threatened the peace talks in the Middle East.131599215After a brief interruption to the rally that propelled stocks to record highs, investors returned to risk assets during the New York session, signaling confidence that the bull market remains intact. The recovery was aided by easing geopolitical concerns and renewed demand for AI shares after last week’s steep decline.“Markets rarely move in a straight line at the pace seen since the March lows,” according to Morgan Stanley’s Mike Wilson, who maintained his constructive outlook, supported by earnings and strong economic data. “A correction was inevitable and ultimately healthy if this bull market is going to extend into year-end.” Meanwhile, Iran and Israel agreed to ease strikes against each other after a flare-up in violence threatened to derail peace negotiations and led President Donald Trump to appeal for de-escalation.Attention remains focused on whether energy flows will resume meaningfully via the Strait of Hormuz. A trickle of commercial shipping returned to the waterway over the weekend, even as the risks prompted some vessels to travel with their digital transponders switched off.Oil prices and their impact on inflation are key factors traders are watching after Friday’s blowout payrolls report reinforced bets on a rate hike. The May consumer price index due Wednesday is expected to jump by 4.2% from a year earlier — the highest rate in more than three years. But the core CPI is seen cooling slightly on a monthly basis — potentially providing a welcome signal to Fed officials. Meantime, Citigroup Inc. strategists led by Scott Chronert raised their year-end target for the S&P 500 after a “big step up” in earnings expectations.“We do not expect investors to lose confidence in the AI outlook,” said Mark Haefele at UBS Global Wealth Management. “Although tech stocks have come under pressure in recent days amid concerns about whether expectations can be met, business fundamentals remain strong.”Not everyone was as bullish. Investors should exercise caution regarding US stocks as an increasing number of “bear market signposts” point to an approaching top, according to Bank of America Securities.There are “too many red flags,” strategists led by Savita Subramanian wrote in a note dated June 5. “Take profits,” they said.

WWDC 2026: Apple's new Siri AI is here

Apple has officially unveiled Siri AI, its biggest overhaul of Siri since the voice assistant first launched in 2011.Announced at WWDC 2026, Siri AI is powered by Apple Intelligence and brings a more conversational interface, personal context awareness, visual intelligence and the ability to take actions across apps. Apple says the new assistant can answer questions from the web, understand what's on your screen, surface information from messages, emails and photos, and help users write, edit and complete tasks.Also Read: Apple WWDC 2026: Siri gets an AI makeover, its biggest upgrade since 2011 debutHere's everything you need to know about Siri AI, including supported devices, how to access it and when it will be available.What is Siri AI?Siri AI is a completely rebuilt version of Siri powered by the next generation of Apple Intelligence.Unlike the old Siri, which primarily handled voice commands and basic queries, Siri AI can understand personal context, maintain conversations, answer follow-up questions and take actions across apps.For example, users can ask Siri to:Find a restaurant recommendation sent by a friend in MessagesPull up a hotel booking confirmation from an old emailFind photos from a recent tripDraft emails and messagesEdit and share photosAnswer questions about content currently displayed on screenSearch the web for up-to-date information on virtually any topicApple says Siri AI combines personal information, onscreen awareness and web knowledge to provide more useful and contextual responses.How to access Siri AIApple has introduced several new ways to access Siri AI across devices.On iPhoneUsers can access Siri AI by:Saying "Hey Siri"Pressing the side buttonSwiping down from the Dynamic Island to start a conversationUsing the new dedicated Siri appThe dedicated Siri app allows users to revisit previous conversations and continue chats across devices.On MacSiri AI is integrated directly into Spotlight.Users can search for answers, ask questions and access Siri AI from anywhere in macOS. Siri is also integrated into system context menus, allowing users to control-click files, images or text and ask questions about them.On iPadSiri AI is integrated into Spotlight and Visual Intelligence features, including screenshot-based interactions.On Apple WatchUsers can start conversations directly from their wrist, while Smart Stack can suggest continuing previous Siri conversations.What is the new Siri app?One of the biggest additions is a dedicated Siri app.The app stores conversation history using iCloud syncing, allowing users to start a conversation on one device and continue it on another.For example, users can begin chatting with Siri on a Mac and pick up the same conversation later on an iPhone, iPad, Apple Watch or Apple Vision Pro.Siri AI gets Visual IntelligenceApple has significantly expanded Visual Intelligence.On iPhone, Siri AI is integrated directly into the Camera app through a new Siri mode. Users can point the camera at objects and ask questions about what they see.The feature can:Identify objects and placesProvide information about foodOffer nutritional insightsHelp split restaurant bills using Apple CashAnswer questions about visual contentVisual Intelligence is also coming to iPad, Mac and Apple Vision Pro for the first time.Which devices support Siri AI?Apple Intelligence and Siri AI will only be available on supported hardware.Supported iPhonesiPhone 16 series and neweriPhone 15 ProiPhone 15 Pro MaxSupported iPadsiPad mini with A17 ProiPads powered by M1 chips or newerSupported MacsMac models with M1 chips or newerSupported Apple Watch modelsApple Watch Series 10 and newerApple Watch Ultra 2 and newerApple Watch SE 3 (when paired with a compatible iPhone)Notably, while iOS 27 supports iPhone 11 and newer devices, Siri AI itself requires Apple Intelligence-compatible hardware.Also Read: As Apple's WWDC conference kicks off, investors want to know if AI will save SiriWhen will Siri AI be available?Apple says Siri AI is available for developer testing starting now through the Apple Developer Program.A public beta will launch later this year as part of iOS 27, iPadOS 27, macOS 27, watchOS 27 and visionOS 27.Initially, Siri AI will be available in English, with support for additional languages rolling out later.

Government to sell 3% stake in NLC India through OFS, sets floor price at Rs 303

The government on Monday announced an offer for sale (OFS) in state-run NLC India, seeking to divest up to 3% of its stake through a two-day share sale process. The OFS comprises a base offer of 2% equity, equivalent to 2.78 crore shares, along with a greenshoe option of another 1% stake, or 1.39 crore shares, in case of strong investor demand.The government has fixed the floor price at Rs 303 per share, a discount to the stock's previous closing price. Based on the floor price, the government stands to raise about Rs 842 crore through the base offer. If the greenshoe option is fully exercised, the total issue size could increase to around Rs 1,263 crore.The OFS will open for non-retail investors on June 9, while retail investors and eligible employees can bid on June 10. The share sale will be conducted through a separate window mechanism on the BSE and NSE in line with Sebi's OFS framework.The transaction forms part of the government's broader disinvestment programme and comes amid a strong run in PSU stocks over the past few years.NLC India, formerly known as Neyveli Lignite Corporation, is one of India's leading mining and power generation companies. The company operates lignite mines and thermal power stations while also expanding its renewable energy portfolio.The PSU has emerged as a beneficiary of India's rising power demand and the government's focus on energy security. In recent years, the company has diversified beyond lignite mining into solar and other renewable energy projects as part of its long-term growth strategy.The government highlighted NLC India's strong operational and financial performance while announcing the OFS, describing the company as a long-term investment opportunity supported by consistent profitability and dividend payouts.NLC India has maintained a track record of returning cash to shareholders through regular dividends and has benefited from improving plant performance, higher power generation and growth in mining operations.The OFS comes at a time when institutional and retail participation in government stake sales has remained healthy, particularly in profitable PSUs with stable cash flows and attractive dividend yields.Investors will now watch subscription levels closely to gauge demand for the issue, especially given the government's decision to keep a greenshoe option that allows it to sell an additional 1% stake if the offer is oversubscribed.

Jack Daniel's maker eyes India-US trade pact

New Delhi: Jack Daniel’s whiskey maker Brown-Forman’s India managing director Gaurav Sabharwal said the US spirits company is “keenly watching” developments on the India-United States trade deal. “The positive signs have been there. We are very keenly watching that space because most of our business comes from American whiskey.” The first phase of the bilateral trade agreement between the two countries may be finalised by mid-July, according to government officials. While the US and India discussed a possible trade deal earlier this year, discussions slowed down amid talks on sweeping tariffs.Brown-Forman, which operates as a 100% subsidiary in India, imports its full portfolio and doesn’t manufacture locally as of now. “From an overall impact, with inflation going up, petrol prices, transportation - that is going to put some pressure. The other is that as the consumers start looking at fighting inflation, discretionary spend is obviously the first thing that takes a knock. So we are keeping a close watch.”Sabharwal said the West Asia war has “so far, not impacted its business in India, adding though that the spirits maker is keeping a close watch on any ripple effect that inflation and supply disruptions may have.”The Kentucky-based spirits maker recently rejected two potential deals - a nearly $15 billion takeover offer from the US bourbon whisky maker Sazerac and merger talks with French spirits company Pernod Ricard. Last week, the spirits maker reported better-than-expected sales for the March ’26 quarter aided by steady demand for premium spirits, but cautioned about impact on consumer spending behaviour for the year. "We anticipate the operating environment for ‌fiscal 2027 to remain challenging, as macroeconomic pressures and geopolitical instability continue to negatively impact consumer behaviour and beverage alcohol consumption, particularly within developed markets," the company said in its earnings statement.Sabharwal said ready-to-drink concepts like Jack & Coke “are a growing space in India, but small.” India had introduced Jack & Coke about three years back in select markets such as Goa, Haryana and Bengaluru. “It's something which works pretty well with the legal drinking age - 25-30 years old. RTD is a growing space, but a smaller space as far as the Indian spirits and beer consumption goes. So we are still figuring out the rollout plan because one of the critical things is to get the pricing right and obviously one has to make the margins as well. The demand is there, but we just need to manage the system a little better.” Brown‑Forman Corporation reported fourth quarter net sales increase by 2% to $912 million compared to the same year-ago period. Operating income decreased 53% to $96 million.For the India unit, while the mainstay remains Jack Daniel’s, Sabharwal said the company is gradually building its portfolio to include Woodford Reserve and Herradura.“One of the biggest mindset shifts is that the propensity to spend has gone up pretty much over the last 10 years. It's about people getting into the legal drinking age and numbers estimate that over the next five years we are going to be adding 20 million people into the legal drinking age every year. The legal drinking age will move anywhere between 18 to 25. Then there is change in social conditioning. Penetration numbers are also increasing. So you have a huge cohort coming in,” he said.

Micro-dramas send actors vertically up

India's booming micro-drama industry is giving rise to a new category of performers calling themselves "vertical actors", as short-form storytelling platforms emerge as an alternative to television and streaming services.Actors, producers, and app founders told ET that emotionally charged performances, stronger roles, rapid audience recognition, and the ability to build dedicated fan bases are drawing talent to the format.Established vertical actors typically work on at least three series a month, earning Rs 1-3.5 lakh per project, giving financial security in addition to the recognition, according to producers. Industry executives expect the trend to create bona fide "vertical stars" whose fame is built largely through micro-dramas consumed on mobile phones in portrait mode.One of the key aspects that differentiates a vertical actor from performers in other storytelling formats is the pace, according to micro-drama directors and actors.“Vertical actors are defined by their ability to work at a fast pace,” said Samay Bhattacharya, a director who has helmed four micro-drama series. “They have to understand characters quickly and deliver spontaneous performances under tight production schedules.”Typically, a micro-drama series comprising 50 episodes—each less than two minutes long—is shot at a brisk pace in fewer than 10 days.“I compare acting across different forms of storytelling to driving,” said actor Karanvir Bohra, a major draw in the Indian micro-drama space. “Films are first gear, while television and web series are second and third gear. Then comes content creation in fourth gear. Finally, vertical acting or storytelling is the highest gear. It demands the best performance and impact in the shortest possible time.”Vertical actors said the format has provided them with much-needed recognition despite spending decades in the industry.“The use of close-ups, melodramatic performances, strong cliffhangers, diverse plots and relatively better roles than television in vertical content has brought significant recognition to actors like me,” said actor Piyush Sahdev. “Despite working for more than 25 years across mediums, today I am easily recognised for my micro-drama series The Secret Khiladi.”“Micro-dramas are reviving the careers of many actors. The careers of actors such as Asmit Patel, Omkar Kapoor and Kunal Kapoor have been revitalised,” said Vicky Bahri, producer and founder & CEO of KLIP, a micro-drama app. “In the future, I foresee bona fide ‘vertical stars’ known for their micro-drama work, given the high viewership numbers.”Vertical actors also view micro-dramas as a way to build an audience base for their work in longer storytelling formats.“Micro-drama content reaches pan-India audiences,” said actor Rajniesh Duggal, known for his debut film 1920. “By working as a vertical actor, I am building my own audience base. This very audience will come to watch my films in theatres. This is one of my chief motivations."

WWDC 2026: Apple bets big on a new Siri

Apple is expected to use its Worldwide Developers Conference (WWDC) on June 8 to make a fresh push into artificial intelligence (AI), with a Siri overhaul that has been long pending, new AI-powered tools and iOS 27 likely to take centre stage.The event comes at a crucial moment for the iPhone maker. Nearly two years after unveiling Apple Intelligence, Apple is still facing criticism for delayed features and a Siri revamp that never fully materialised. Now, according to Bloomberg's Mark Gurman, the company is preparing its biggest Siri upgrade in years as it looks to catch up with rivals such as Google Gemini, ChatGPT and Samsung's Galaxy AI.Also Read: ET at Apple’s Bengaluru developer showcase: The apps headed to WWDC 2026New Siri expected to be the biggest WWDC 2026 announcementAt the heart of Apple's plans is a redesigned Siri that is expected to move beyond simple voice commands and become a more capable AI assistant.The new Siri could gain the ability to understand what's on a user's screen, pull information from emails, notes, calendars and contacts, and perform actions across apps. Users may also be able to issue multiple commands in a single prompt. For instance, asking Siri to check the weather, schedule a meeting and send a message at the same time. Many of these features were originally previewed in 2024 before being repeatedly delayed.Apple is also reportedly working on a dedicated Siri app that would function more like ChatGPT or Gemini. The app could allow users to hold ongoing conversations, upload files and photos for analysis, access chat history and sync conversations across devices through iCloud. Apple is even said to be testing support for third-party AI models including Claude and Gemini alongside ChatGPT.iOS 27 may focus on performance, battery life and reliabilityWhile AI is expected to dominate the keynote, iOS 27 itself may be less about flashy redesigns and more about fixing pain points.Unlike last year's major visual overhaul with "Liquid Glass" design, Apple is reportedly focusing on performance improvements, better battery life, fewer bugs and faster response times. The company is also believed to be laying the groundwork for a foldable iPhone expected later this year through under-the-hood changes in the operating system.Apple is also expected to introduce a new AI-focused "Search or Ask" experience, making it easier for users to search their device, launch apps and interact with Siri from a single interface.Also Read: Will your iPhone get iOS 27? These four models may miss out on Apple’s next major software updateAI writing tools and photo editing upgrades could arrive with iOS 27The update could bring a range of new AI features across the iPhone, iPad and Mac.These include a Grammarly-like grammar checker built into iOS, AI-powered writing assistance through a new "Write with Siri" feature, smarter shortcuts that can be created using natural language, AI-generated wallpapers and upgraded photo editing tools capable of expanding images, improving quality and removing unwanted objects more effectively.Apple is also expected to enhance Visual Intelligence, its answer to Google's Lens. The feature could gain the ability to recognise nutrition labels, extract contact information and provide more contextual information about objects seen through the camera.Wallet, Safari and AirPods could get useful upgradesBeyond AI, Apple is reportedly working on a handful of practical upgrades aimed at everyday users.These include a built-in bill-splitting feature in Wallet and Messages, custom digital pass creation in Wallet, a redesigned Safari start page, improved AirPods controls and updates to fitness and heart-rate tracking on the Apple Watch.The company is also said to be improving notification management, adding more customisation options to the Camera app and making several changes aimed at improving the overall experience across its devices.Also Read: Apple to let users choose rival AI models across iOS 27 features: ReportWhy WWDC 2026 could be Apple's most important AI event yetFor Apple, however, the real focus will be Siri.The assistant has largely remained unchanged while competitors have transformed their products into conversational AI platforms capable of reasoning, planning and completing complex tasks. WWDC 2026 could be Apple's attempt to show that it is finally ready to compete in that race — and deliver some of the AI features it first promised users nearly two years ago.Whether Apple can close the gap with ChatGPT, Gemini and other AI rivals remains to be seen, but June 8 could offer the clearest look yet at the company's long-term AI strategy.

Infosys, Adani Enterprises, Trent among 44 stocks going ex-date this week. Do you own any?

As many as 44 stocks including Infosys, Adani Enterprises, Adani Ports, Canara Bank, PNB and several others will turn ex-date for various corporate actions, including dividends, bonus issues, stock splits and rights issues this upcoming week between June 8 and June 12. Investors must hold shares of these companies in their demat accounts on the record date to be eligible for the respective corporate actions. The list remains tentative, as more companies may announce record dates for dividends, bonus issues and stock splits during the week.Here is a day-wise list of corporate actions to watch out for this week: June 8 (Monday)The week kicks off with three companies undergoing corporate adjustments: Unified Data-Tech Solutions shares will turn ex-date for an interim dividend of Rs 5.5 per share. Ravindra Energy and Consecutive Commodities meanwhile will trade ex-date for rights issue of equity shares.June 9 (Tuesday)Inox India shares will trade ex-date for a final dividend of Rs 2 per share. Tata Group company Nelco meanwhile had also fixed June 9 as the record date for its final dividend of Rs 1 per share.June 10 (Wednesday)Several major companies turn ex-dividend, alongside a bonus issue on June 10. India's IT bellwether Infosys will turn ex-date for its final dividend of Rs 25 per share. Indian Bank and Seshasayee Paper & Board will also trade ex-record date for their respective dividends of Rs 18.25 per share and Rs 2 per share.Tata Group has fixed Wednesday as the record date to determine the eligibility of shareholders for dividend payments by three of its companies. These include Tata Chemicals (Rs 11 per share), Tata Investment Corporation (Rs 3.4 per share) and Tata Elxsi (Rs 75 per share).Gautam Exim shares meanwhile will go ex-bonus for its 3:1 bonus issue (three new bonus shares for every one existing share held).June 11 (Thursday)Specialized chemical player Sunshield Chemicals will be the lone counter turning ex-date on Thursday for a final dividend of Rs 3 per share.June 12 (Friday)Friday will see 31 stocks tuning ex-record date for their respective corporate actions. These includes five Adani Group companies, namely ACC (final dividend of Rs 7.5 per share), Adani Enterprises (final dividend of Rs 1.3 per share), Adani Ports and Special Economic Zone (final dividend of Rs 7.5 per share), Adani Total Gas (final dividend of Rs 0.25 per share) and Ambuja Cements (final dividend of Rs 2 per share).Four Tata Group companies also have June 12 as the record date for their dividends. These include Tata Motors (final dividend of Rs 4 per share), Tata Steel (final dividend of Rs 4 per share), Trent (final dividend of Rs 6 per share) and Voltas (final dividend of Rs 4 per share).Other stocks which will turn ex-record dates for their respective dividends include Canara Bank (Rs 4.2 per share), JM Financial (Rs 1.75 per share.), ICICI Prudential AMC (Rs 12.4 per share), PNB (Rs 3 per share), Piramal Finance (Rs 11 per share), Apcotex Industries (Rs 5.5 per share), Avantel (Rs 0.2 per share), Cemindia Projects (Rs 3 per share), Eimco Elecon (Rs 4 per share), Elecon Engineering Company (Rs 1.5 per share), High Energy Batteries (Rs 3 per share), Lloyds Metals & Energy (Rs 1 per share), MM Forgings (Rs 4 per share), Navin Fluorine (Rs 8.6 per share), Orient Cement (Rs 0.5 per share), Oseaspre Consultants (Rs 87 per share), Panchsheel Organics (Rs 0.8 per share), Petronet LNG (Rs 3 per share), Reliance Industrial Infrastructure (Rs 3.5 per share) and Technojet Consultants (Rs 87 per share).Mobavenue AI Tech shares will trade ex-split as it sub-divides its equity shares from a face value of Rs 10 down to Rs 2 per share. City Union Bank shares meanwhile will trade ex-bonus for a 1:3 bonus issue (one new bonus share for every three shares held)(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Vaibhav watches Chhota Bheem before matches

US stocks today: Nasdaq crashes 1,100 pts, Dow 600 pts as chip stocks slide; jobs data fuels rate hike fears

Wall Street's nine-week winning streak ended with a thud on Friday, as red-hot technology stocks suffered their largest ​daily decline this year after a hot May jobs report fueled fears of a hawkish policy pivot from the U.S. Federal Reserve.Selling was concentrated among chip stocks and other technology favorites that have surged higher in recent weeks as the Nasdaq Composite Index and S&P 500 rose repeatedly to fresh highs.All three major U.S. stock indexes closed sharply lower, with ‌plunging chip stocks ⁠dragging the ⁠tech-laden Nasdaq down by its largest one-day percentage loss since last year.The S&P 500 ended its nine-week run of Friday-to-Friday gains, its longest weekly winning streak since one that ended in December ​2023."After the record run we've seen the last nine weeks in equities, specifically tech and semiconductors, the dam just broke today," said Ryan Detrick, chief market strategist ​at Carson Group in Omaha. "Obviously, the stronger-than-expected jobs report puts the Fed in a tough spot regarding any interest rate cut for the rest of the year. And the market is throwing a fit by hitting the big winners so far this year."Rising interest rates and the Iran war weighed on ​sentiment heading into the weekend, but many investors said they expected tech stocks to continue rallying."The market ⁠reaction today ‌was more driven by positioning rather than fundamentals," said Ohsung Kwon, chief equity strategist at Wells Fargo. "The semiconductor sector was ​way overbought. That's why we're ​seeing the selloff. I don't think it's the end of the semi bull market." The U.S. economy added 172,000 jobs ⁠in May, according to the Labor Department, more than double analyst expectations, while the unemployment rate ​held firm at 4.3%. The robust report was double-edged: it provided reassurance of U.S. economic health, but ​all but killed any hopes of an interest rate cut from the Fed in the near future.Financial markets are pricing in a growing likelihood of a rate hike at the conclusion of the Fed's December meeting, according to CME's FedWatch tool.Fading hopes for a near-term resolution to the Middle East war and reopening the Strait of Hormuz are stirring fears that energy price pressures could morph into wider, systemic inflation. Iran reaffirmed its support for Hezbollah and demanded that Israel withdraw its troops from southern Lebanon, further complicating efforts to secure a near-term peace deal that would include the resumption of traffic through the ‌crucial strait. U.S. President Donald Trump's administration has negotiated three truces, and while fighting has been greatly reduced, the two sides continue to trade airstrikes.According to preliminary data, the S&P 500 lost 199.64 points, or 2.63%, to end at 7,384.67 points, ​while the Nasdaq Composite lost ​1,117.38 points, or 4.16%, to 25,713.58. The ⁠Dow Jones Industrial Average fell 684.53 points, or 1.33%, to 50,877.40.Nvidia, the largest company by market value, fell sharply, as did smaller rivals Intel, Micron, AMD and Broadcom. Lululemon Athletica slumped after the athletic apparel maker cut its annual profit forecast and projected second-quarter earnings well below Wall Street estimates. Cooper Companies rose ​after the contact lens maker beat estimates for second-quarter results.Cryptocurrency firms Coinbase and Strategy were pulled lower by bitcoin's sharp drop. S&P Global said it would not change the eligibility requirements for its major indices, which effectively rules out a swift entry for Elon Musk's SpaceX to the benchmark S&P 500 after it goes public in what would be the world's biggest initial public offering.S&P Dow Jones Indices will announce the results following its rebalancing after markets close. Chipmaker Marvell Technology, which boasts over $270 billion in valuation, is among the contenders to be added to the benchmark index.

Ebola watch: Sudanese national admitted in Hyd

Go Digit Insurance shares jump 9% after Rs 100 crore block deal attracts MFs, global investor

Shares of Go Digit General Insurance surged 8.66% to Rs 329 during Friday's trading session, extending gains after a significant Rs 100-crore block deal in the previous session attracted prominent institutional investors.The block deal saw Aditya Birla Sun Life Mutual Fund and JPMorgan (Taiwan) Eastern Technology Fund collectively acquire 33.33 lakh shares at a weighted average price of Rs 300 per share.Aditya Birla Sun Life Mutual Fund purchased 21.66 lakh shares worth approximately Rs 65 crore, while JPMorgan (Taiwan) Eastern Technology Fund acquired 11.66 lakh shares valued at around Rs 35 crore.The seller in the transaction was Peak XV Partners Growth Investments III, which offloaded its entire 33.33 lakh-share stake for nearly Rs 100 crore.Stock PerformanceDespite Friday's sharp rally, Go Digit Insurance has remained under pressure over the past year, with the stock declining around 10% during the period. The company currently commands a market capitalisation of Rs 27,993 crore.The stock's 52-week high stands at Rs 381.40, while its 52-week low is Rs 295.50.On the valuation front, Go Digit Insurance trades at a Price-to-Earnings (P/E) ratio of 49.28 and a Price-to-Book (P/B) ratio of 6.51, reflecting premium market expectations for the insurer's growth prospects.The company delivered a robust financial performance in the March 2026 quarter. Revenue rose 9% year-on-year to Rs 3,181 crore, while net profit surged 49.2% YoY to Rs 173 crore, highlighting improved profitability and operational efficiency.The shareholding pattern for the March 2026 quarter reflected mixed investor activity. Promoters marginally reduced their stake in the company from 73.03% to 73.01%, while Foreign Institutional Investors (FIIs) trimmed their holdings from 8.26% to 8.01%. In contrast, mutual funds increased their ownership from 8.02% to 8.28%, signaling continued confidence from domestic institutional investors despite the reduction in foreign investor participation.From a technical perspective, the stock's Relative Strength Index (RSI-14) stands at 40.8. An RSI below 30 is generally considered oversold, while a reading above 70 signals overbought conditions.Go Digit Insurance is currently trading above 5 out of its 8 key Simple Moving Averages (SMAs), suggesting improving near-term momentum. However, the stock remains below its 100-day, 150-day, and 200-day moving averages, indicating that long-term trend confirmation is still awaited.The sharp rally following the Rs 100-crore block deal and increased mutual fund participation has put Go Digit Insurance back on investors' radar. Market participants will closely watch whether the stock can sustain momentum and reclaim key long-term resistance levels in the coming sessions.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

RBI MPC Meeting: When and where to watch

Market wrap: Sensex closes flat, Nifty holds 23,400; Titan, Eternal lead gains

The Indian stock market closed nearly flat, with Sensex and Nifty ending the session in the green with marginal gains after seeing sharp upswings and downswings during the day.Sensex rose nearly 14 points to close at 74,360, while Nifty 50 rose around 11 points to end the session at 23,417, nearly unchanged from the previous session. This came as India VIX, which measures volatility in markets, fell over 3% to 15.77.Titan shares jumped 4% to lead gains on Sensex, while Zomato-parent Eternal jumped 3% to follow. ITC, Tech Mahindra, SBI, Bharat Electronics and ICICI Bank shares meanwhile gained around 1% each. On the other hand, Infosys, Bajaj Finserv, UltraTech Cement, Adani Ports and Tata Steel shares dropped around 15 each.Broader markets closed with higher gains, with Nifty Midcap 100 and Nifty Smallcap 100 indices gaining around 0.5% each. Sectorally, Nifty Consumer Durables rallied more than 2%, while Nifty Metal declined 0.7%. Around 1,817 stocks advanced on NSE, while 1,474 declined and 105 remained unchanged.Rupee watchNotably, investors now await the outcome of the Reserve Bank of India’s Monetary Policy Committee's (MPC) meeting tomorrow. Meanwhile, rupee closed at 95.7850 per U.S. dollar, from 95.7050 on Wednesday.FIIs net sold Indian shares worth Rs 5,617 crore on Wednesday, according to data on NSE. They have net sold Indian equities worth more than Rs 39,625 crore in just four consecutive sessions.India may scrap capital gains tax on FPI investments in govt securitiesThe Indian government is planning to scrap capital gains tax on investments in government securities by foreign portfolio investors (FPIs), a move which will likely shore up overseas capital inflows into the country, The Economic Times reported citing people familiar with the matter.The Cabinet, in a meeting chaired by Prime Minister Narendra Modi on Wednesday, approved the promulgation of an ordinance to amend the Income Tax Act to pave the way for this exemption, sources further told The Economic Times, adding that a notification is expected soon after the President gives her assent to the ordinance.What lies ahead?On Thursday, the benchmark index Nifty opened with a gap-down. However, the index staged a recovery from lower levels and eventually closed on a flat note. Notably, this marked the third consecutive session where Nifty found support near its prior swing low and rebounded thereafter, said Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities. He however added that a sustained follow-up move on the upside is still required to confirm a potential reversal.“At present, the index continues to trade below its key moving averages, while momentum indicators suggest a sideways trend. The daily RSI has been oscillating within a narrow range for the last 40 trading sessions, in line with the RSI range shift rules, indicating lack of directional strength,” he said.Going ahead, Shah expects the 23,550–23,580 zone to act as an important hurdle for Nifty 50.. A sustained move above the 23,580 level could trigger an extension of the ongoing pullback rally, potentially paving the way towards the 23,700 mark, he said. On the downside, he sees 23,330–23,320 zone as likely to serve as a crucial support area.(With inputs from agencies)(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

The ₹ warning: Six actions for biz leaders

The Indian rupee is trading around Rs. 95-96 to the dollar in late May 2026, setting fresh record lows. Markets are openly discussing the Rs. 100 threshold. The rupee has weakened in almost every year since 2014 and has lost approximately half its value against the dollar over that period. The end of this currency depreciation is not in sight. The factors that would stop it are not yet visible.The government is acting. State run oil companies have implemented four fuel price hikes in ten days as of May 25, taking petrol in Delhi past Rs. 102 per litre. This is the right and necessary response to the energy cost reality created by the Iran war. Crucially, the Modi government has also done its part on the macroeconomic front, consistently and aggressively reducing the fiscal deficit as a percentage of GDP to maintain structural stability.Yet, the currency pressure persists. The energy price impact has not yet fully reached Indian consumers and supply chains. It is coming.Uday Kotak said it plainly at the CII Annual Business Summit on May 12: "Be ready for tough times rather than waiting for the shock to hit us." He was right.Also read | Manufactured monopoly: How industrial policy is structuring monopolies in IndiaThis is not a time to panic. But it is a time to act. The leaders who move now will have options. Those who wait will not.The Overriding Factor: The Psychology of the PlayersWhy is the currency declining despite strong domestic fiscal discipline? Because exchange rates are not driven by mathematical models alone. The currency decline is highly affected—and accelerated—by the psychology of all players engaged in this endeavor.Currency movements are deeply behavioral. When a currency visualizes a downward trend, psychology shifts from calculation to self-protection and speculation. Every player in the ecosystem operates under this psychological weight:Corporate CFOs and Treasurers: Instead of hedging normally, they rush to cover future dollar liabilities early, hoarding hard currency and inadvertently worsening the scarcity.Foreign Investors: They begin to judge their returns not by the quality of Indian business operations, but by the eroding value of the conversion rate.Importers and Exporters: Importers advance their payments to avoid paying more tomorrow; exporters delay converting their dollar earnings back into rupees, waiting for a "better" rate. This collective psychology creates a self-fulfilling prophecy.Investors, CFOs, and FDI decision makers extrapolate what is happening now into the future. When they see a currency that has lost approximately half its value since 2014 with no clear floor in sight, their psychological pivot alters market realities.Also read | India tightens checks on overseas flows as currency pressure mounts, sources sayThe cascading timeline of Foreign Portfolio Investor (FPI) equity behavior perfectly mirrors this psychological shift from rational evaluation to systemic risk aversion:2024 (The Calculation Phase): Rupee averages Rs. 83-84. FPI flows remain positive (+$12 billion) as investors trade on strong domestic corporate earnings.2025 (The Self-Protection Phase): Rupee slides past Rs. 89. Collective psychology shifts to risk mitigation. FPIs withdraw a record $18.4 billion from Indian equities—the largest annual equity outflow on record.Early 2026 (The Capitulation Phase): Rupee breaks past Rs. 95. Sentiment turns into an outright exit strategy. In the first four months of 2026 alone, outflows have already reached $19.1 billion, completely bypassing the entire previous year's record loss in a fraction of the time.FDI agreements are being signed, but capital is delayed because players are psychologically hesitant to deploy funds into a depreciating asset.The Trap of Hard Currency Debt: A Broken Business Model There is a highly significant and dangerous phenomenon unfolding in India today that requires immediate exposure. For years, a specific class of Indian corporates adopted a regular strategy of borrowing heavily in hard currency (External Commercial Borrowings, or ECBs). Lured by low nominal global interest rates, several of these companies over borrowed, treating cheap dollar debt as a permanent structural advantage.Today, that strategy has become a trap. The compounding effect of a depreciating rupee, skyrocketing hedging costs, and brutal refinancing realities is fundamentally breaking their business models.Consider the mechanics of this crisis:The Hedging Penalty: Leaving dollar debt unhedged is now corporate roulette. However, buying hedges at current rupee levels has become structurally prohibitive. The cost of protection completely wipes out any interest rate advantage.The Refinancing Wall: Billions in foreign debt are coming due. These over-borrowed companies must now refinance their liabilities at a time when the rupee value has materially deteriorated. They are effectively forced to borrow far more rupees just to pay back the same amount of original dollars.The Crushing Cost of Rupee Capital: As these companies try to pivot back to domestic lenders, they face a severe escalation in their rupee cost of capital.The Growth Verdict: When your cost of capital spikes and your cash flows are consumed by servicing legacy dollar debt, future growth stops. Capital expenditure (CapEx) plans are being frozen. These companies can no longer invest in innovation, capacity, or market expansion. Their business model shifts overnight from aggressive value creation to basic survival. Boards must realize that this is not a temporary treasury headache; it is a structural threat to the company’s future viability.India's forex reserves stand at approximately 10 to 11 months of import cover. Substantial, but being actively deployed to defend the currency. Some imports are non-negotiable: oil, critical inputs, components. These will now cost more. That cost passes through every supply chain.Six Actions for Business Leaders1. Protect your cash and liquidity first. This is the most immediate priority. Map your cash position today. Identify every source of liquidity across the next twelve months. Stress-test it at Rs. 100 and beyond. Which receivables are at risk? Which credit lines are rupee-denominated and which are not? Companies that run into a cash crisis during a currency depreciation cycle lose their options entirely. The CFO must own this analysis and present it to the board within days, not weeks.2. Act now on your foreign currency borrowings, hedging, and refinancing. Do not assume the rupee will recover to Rs. 80. Analyse your full foreign currency exposure across the next three years: every loan, every refinancing date, every hedging contract, every procurement price denominated in foreign currency. Hard currency loans now face refinancing at rupee values that have materially deteriorated. Model every scenario at Rs. 100 and beyond. Your CFO, treasury, and procurement team must be aligned on one instruction: do not run into a liquidity crisis. This analysis must happen now, not at the next quarterly review.3. Build a war room. Most companies have begun thinking about war rooms for supply chain disruptions. Expand the mandate. Currency exposure belongs in the same room. Which of your costs are dollar or euro denominated? Which of your revenues are rupee denominated? Where is the mismatch? What is your break-even exchange rate? If you do not have clear answers today, you are exposed. The war room is not a committee. It is a real-time decision environment with live data, a clear owner, and the authority to act.4. Use the currency depreciation advantage: double your export salesforce. A weaker rupee makes Indian exports more competitive. This window will not stay open indefinitely. Double the salesforce in your export markets now. Use this period to upgrade quality, improve service delivery, and build customer relationships that will last beyond the currency advantage. Indian exporters who invest in capability during this period will emerge stronger regardless of what the rupee does next. Those who simply ride the price advantage without building the underlying business will lose when conditions change.5. Watch your stock and your sector. Banks and financial institutions should already be on high alert. Companies with large foreign currency exposure will see pressure on their financials. Some stock prices are already reflecting this. Go through your sector company by company. Identify who is most exposed. If you are an investor or a lender, this analysis is not optional. The combination of currency depreciation, rising oil prices, and FPI outflows creates a compounding pressure that will surface in earnings before it surfaces in headlines.6. Cut costs aggressively. AI will help. There has never been more urgency to reduce costs than now. And there has never been a better tool to do it. AI can cut most operational costs by as much as 30% across functions: procurement, finance, customer service, logistics, and compliance. McKinsey data confirms companies adopting AI and automation reduce operational costs by 20 to 30 percent. This is not a future opportunity. It is a present imperative. Every rupee of cost removed through AI is a rupee that does not need to be recovered through revenue in a deteriorating currency environment. Start now with your highest-cost functions.The CFO as CaptainCurrency risk is a cash flow risk. Every function that touches foreign currency—procurement, treasury, sales, capex planning— must now report into a single coordinating authority. That authority is the CFO. This is not about hierarchy. It is about clarity. In a currency crisis, fragmented decision-making is as dangerous as wrong decision making. One captain. One consolidated view. Weekly reviews minimum.The Bigger PictureThis currency depreciation is a structural signal, not a cyclical one. India's economy must move from a cheap labour advantage to genuine global value creation.The companies that will survive and thrive are those building products and services that command premium prices in global markets. The rupee's weakness is a reminder that competing on cost alone has limits.The recently concluded trade agreements are a genuine opportunity. Execute them with full force. Build the export pipelines. Add the sales capacity.The businesses that move now, with discipline and clarity, will manage market psychology, navigate the debt trap, and define the next chapter of Indian industry.The shock is coming. Prepare before it arrives.Ram Charan is the author of China’s 90% model. It is restricting India’s industrial progress. Former Director of Hindalco and Muyuan (China).

US stocks today: Dow Jones drops over 500 points as Middle East tensions escalate

Wall Street stocks pulled back from ​record highs on Wednesday as flaring tensions in the Middle East and rising crude prices stoked inflation jitters and convinced investors to take some profits.All three major U.S. stock indexes closed in negative territory, dragged lower by financials and tech , with the small-cap Russell 2000 underperforming its larger-cap counterparts.Chips advanced, indicating the artificial intelligence ‌fervor is alive ⁠and well. ⁠Still, most of the Magnificent Seven group of AI-related megacaps were lower."The AI names are trading on their own completely separate world, largely oblivious to macro and geopolitical ​risk, at least within reason," said Ross Mayfield, investment strategy analyst at Baird in Louisville, Kentucky. "And so there's going to be a bid for those ​names, especially on days where everything else looks a little bit less attractive."The S&P Software & Services index declined. It has been battered in recent months by fears of AI disruption.Middle East hostilities intensified as the U.S. and Iran traded a new round of air strikes, ​the latest test of a shaky ceasefire.Oil prices rose, adding to worries that upward ⁠pressure on energy prices ‌could metastasize into broader, systemic inflation."This market continues to demonstrate a tug of war between fundamentals in the ​U.S. economy, which ​are incredibly positive, and concerns that the duration of the conflict in the Middle East will lead to ⁠downside risks," said Bill Northey, senior investment director at U.S. Bank Wealth Management, Billings, Montana. "Our ​framework is centered around the duration of the closure of the Strait of Hormuz as ​the primary input to inflation expectations.""The longer the duration of that closure, the less likely the Federal Reserve will be able to ease in 2026," Northey added.In fact, financial markets are pricing more than a 40% likelihood of a rate hike at the conclusion of the U.S. Federal Reserve's December meeting, up from 9.1% one month ago, according to CME's FedWatch tool.New York Fed President John Williams reiterated his position that the central bank does not need to change interest rates despite upside inflation risks, stating monetary policy is "in the right place."Economic ‌data suggested the labor market was stable, and the services sector continued to expand, but input prices remained elevated and corporate spending plans appeared soft amid rising energy costs and geopolitical uncertainties.The Beige Book, the Fed's ​regional economic survey, showed economic ​activity gathered steam in recent ⁠weeks, employment was little changed, but the fallout from higher energy prices due to the war was pervasive.According to preliminary data, the S&P 500 lost 54.11 points, or 0.74%, to end at 7,555.67 points, while the Nasdaq Composite lost 230.97 points, or 0.85%, to 26,862.93. The Dow ​Jones Industrial Average fell 581.84 points, or 1.13%, to 50,725.95.Among chipmakers, Marvell, Intel, Qualcomm , and Sandisk outperformed.Asset managers dropped after Switzerland's Partners Group capped withdrawals from an $8.6 billion private equity fund. KKR, Blackstone, Blue Owl and Ares Management all lost ground.GameStop advanced after the original meme-stock posted a rise in quarterly revenue and unveiled a $2 billion share buyback program.Elon Musk's SpaceX plans to price its IPO at $135 a share to raise a record $75 billion, a source familiar with the matter told Reuters on Tuesday.Broadcom results were expected shortly.

Titan's big wager now rides on ₹25,000+ watches

Vedanta, Hindustan Zinc shares fall after metals giant confirms ED visits to offices

The shares of Vedanta and Hindustan Zinc declined 1% each on Wednesday after the former confirmed in an exchange filing that the Enforcement Directorate team visited some of its offices, confirming news reports."We hereby inform that the Enforcement Directorate team visited some offices of our company and Hindustan Zinc, a subsidiary of the company," Vedanta said after stock exchanges sought clarification regarding news reports around ED conducting searches against Vedanta Group in FEMA probe. The Anil Agarwal-led company added that it is fully cooperating with the authorities and providing all requested information.In another exchange filing released on Tuesday, Vedanta said that the proceedings are underway. “We wish to reiterate that the Company is and will continue to comply with SEBI Listing Regulations and keep the stock exchange(s) duly informed of all material information / events, including price sensitive information(s), in accordance with the applicable provisions,” it added.Also Read | Vedanta says ED officials visited some of its offices, Hindustan Zinc unitsThe Economic Times reported on Tuesday, citing officials, that ED conducted searches at premises linked to the Vedanta Group in Delhi and Mumbai as part of a Foreign Exchange Management Act (FEMA) investigation.In a quote to ET Bureau, Vedanta spokesperson said, "We are extending full cooperation to the authorities and are providing all information sought. The company remains committed to compliance with all applicable laws and regulations. As the matter is currently under regulatory process, we are unable to comment further at this stage."Also Read | ED searches against Vedanta Group in FEMA caseICRA's ratings upgradeLast week, ratings agency ICRA removed the company from watch with developing implications after greater clarity on the allocation of assets and liabilities under the ongoing demerger scheme.ICRA upgraded Vedanta’s long-term rating to AA+ (Stable), assigned a stable outlook and reaffirmed the short-term rating. "The rating action factors in ICRA’s expectation of a further strengthening in the credit profile of the Vedanta Group in FY2027, building on the considerable improvement witnessed in FY2026. This has been supported by a sharp increase in base metal prices, which has contributed to a strong financial risk profile for the Group, which reported an OPBDITA of $6.7 billion in FY26,” the ratings agency said.Also Read | Vedanta shares jump 2% to hit fresh 52-week high. What’s behind the surge?Vedanta share priceVedanta shares have tumbled 6% in one week but gained around 23% in one month. The stock recently adjusted to its mega demerger. Vedanta in April had announced that every eligible shareholder would receive one share each of Vedanta Aluminium Metal (VAML), Talwandi Sabo Power (to be renamed Vedanta Power), Malco Energy (to be renamed Vedanta Oil and Gas) and Vedanta Iron and Steel for every share held in the parent company, marking one of the biggest corporate restructurings in India’s metals and mining sector. Investors are now awaiting the listing of the four new companies that spun out of the mining conglomerate.Also Read | Vedanta demerger: At what price will each of the four new companies list? Check cost of acquisitionHindustan Zinc share priceHindustan Zinc shares have fallen around 4% in one week but gained 5% in one month and more than 2% so far in 2026. The stock is up over 33% in one year. In the longer term, the shares of the company delivered 104% returns over three years and 93% returns over five years.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)