Saturday, September 12
Jubilant Foodworks shares rallied 4.8% on the BSE on Thursday to their day’s high of Rs 670.65, after the company reported a strong 59.8% year-on-year growth in profit after tax (PAT) for the first quarter of FY26. PAT rose to Rs 97.2 crore from the year-ago period, with the PAT margin improving by 115 basis points to 4.3%.Revenue for the quarter stood at Rs 2,260.90 crore, marking a 17% increase over the corresponding quarter last year. Reported EBITDA came in at Rs 438 crore, up 14.3% year-on-year.The company’s EBITDA margin stood at 19.4%, down 44 basis points, while the pre-IND AS 116 EBITDA margin improved by 14 basis points to 12.9%.During the quarter, Jubilant Foodworks expanded its store network to 3,387 outlets, adding 330 new stores compared to the previous year.After the com
One 97 Communications, which operates fintech platform Paytm, has surged 17% so far this year, on top of a 128% jump over the past 12 months, leaving investors wondering whether the rally still has legs or if it’s time to wait for a pullback. The stock has climbed 21% in the past month alone, including a 9.5% jump this week, underscoring bullish sentiment that has pushed it above all eight of its key moving averages and kept its technical indicators in overdrive.The latest boost came Wednesday, when shares rallied nearly 5% to a new 52-week high of Rs 1,173.70 after the Reserve Bank of India granted in-principle approval to its wholly owned subsidiary, Paytm Payments Services Ltd, to operate as an online payment aggregator. The move also lifts the merchant onboarding ban imposed in Novem
The United States extended Independence Day greetings to Pakistan on Thursday, and “appreciated” Islamabad’s engagement in counterterrorism and trade. This comes just months after a terrorist attack killed 26 people in J&K’s Pahalgam, which India claimed to be Pakistan-sponsored terror.The US also stated that it is looking forward to exploring new areas of economic cooperation, including critical minerals and hydrocarbons, and fostering dynamic business partnerships which will promote a prosperous future for Americans and Pakistanis.Recently, Islamabad has been able to make inroads into the Trump administration.Pakistan Army Chief Asim Munir is back in the US' decision-making circles after years of isolation amid intense lobbying by Islamabad and Washington's eagerness to recip
