SMFG India Home Finance Co standalone net profit declines 17.77% in the March 2026 quarter

by Hansraj Agrawal | Jun 12, 2026 | Share Market

Last Updated : Jun 12 2026 | 9:06 AM IST

Sales rise 4.29% to Rs 377.58 crore

Net profit of SMFG India Home Finance Co declined 17.77% to Rs 31.52 crore in the quarter ended March 2026 as against Rs 38.33 crore during the previous quarter ended March 2025. Sales rose 4.29% to Rs 377.58 crore in the quarter ended March 2026 as against Rs 362.05 crore during the previous quarter ended March 2025.

For the full year,net profit rose 5.42% to Rs 126.00 crore in the year ended March 2026 as against Rs 119.52 crore during the previous year ended March 2025. Sales rose 16.43% to Rs 1520.32 crore in the year ended March 2026 as against Rs 1305.81 crore during the previous year ended March 2025.

ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var.Sales377.58362.05 4 1520.321305.81 16 OPM %64.4967.96 –65.2866.79 – PBDT50.0357.88 -14 197.11186.08 6 PBT42.3951.36 -17 172.52161.08 7 NP31.5238.33 -18 126.00119.52 5

Powered by Capital Market – Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Jun 12 2026 | 9:06 AM IST

Source link

Happiest Minds launches agentic AI platform to accelerate software modernization

by Hansraj Agrawal | Jun 12, 2026 | Share Market

Happiest Minds Technologies announced the launch of Agentic AI development platform, Rel(AI)Build along with the Agentic Development Lifecycle (ADLC), to transform enterprise software systems.

Rel(AI)Build is an enterprise-grade, agentic platform designed to transform how organizations build, modernize, and operate software systems. The platform brings together AI-driven automation, governance, and human oversight into a single, unified software delivery framework.

Built on an Agentic Development Lifecycle (ADLC), Rel(AI)Build orchestrates specialized, context-aware AI agents across a structured lifecycle, from planning through operations

Rel(AI)Build supports a wide range of enterprise transformation initiatives, including application modernization, platform engineering, quality engineering, data engineering, and infrastructure and cybersecurity operations. By embedding AI agents across code analysis, infrastructure provisioning, testing, data pipelines, and system operations, the platform enables organizations to scale innovation while maintaining control and compliance.

The company said that early implementations of Rel(AI)Build have demonstrated significant business impact, including up to 4060% faster modernization timelines, a threefold increase in engineering productivity, and 3050% reduction in support costs. Organizations also benefit from improved software quality, enhanced system reliability, and greater operational resilience.

Sridhar Mantha, CEO: GenAI business services, Happiest Minds Technologies, said, “Software engineering is entering a new era where AI actively participates in the delivery process. With Rel(AI)Build and our Agentic Development Lifecycle, we are enabling enterprises to accelerate innovation, improve agility, and achieve measurable business outcomes while maintaining governance and quality at scale.”

Ritesh Gupta, chief technology officer, Happiest Minds Technologies, remarked, Rel(AI)Build is an enterprise-grade agentic platform designed to bring intelligence, automation, and governance across the software delivery lifecycle. By combining specialized AI agents, contextual awareness, and built-in guardrails, we help organizations accelerate development, improve quality, and scale AI adoption efficiently.

Happiest Minds Technologies enables digital transformation for enterprises and technology providers by delivering seamless customer experiences, business efficiency, and actionable insights.

The companys consolidated net profit jumped 51.79% QoQ to Rs 61.17 crore in Q4 FY26. Revenue from operations rose 2.81% to Rs 604.08 crore in Q4 FY26 from Rs 587.56 crore posted in Q3 FY26.

The scrip shed 0.95% to end at Rs 345.05 on the BSE.

Powered by Capital Market – Live News

Source link

F&O Cues: Analyst shares Bull Spread strategy on Bank Nifty, Torrent Pharma

by Hansraj Agrawal | Jun 12, 2026 | Share Market

Derivative Strategy

BULL SPREAD STRATEGY ON BANK NIFTY

Buy BANK NIFTY (30-June Expiry) 55,500 CALL at ₹825 & simultaneously sell 56000 CALL at ₹610

Lot Size 30

Maximum profit ₹8,550 If BANK NIFTY closes at or above 56,000 on 30 June expiry.

Maximum Loss ₹6,450 If BANK NIFTY closes at or below 55,500 on 30 June expiry.

Breakeven Point ₹5,5715

Risk Reward Ratio 1: 1.33

Approx margin required ₹33,000

Rationale:

➢ Long build up is seen in the BANK NIFTY Futures, where we have seen rise in Open

interest along with price rise.

➢ Short term trend is strong as BANK NIFTY is placed above its 5 and 20 day EMA.

➢ Amongst the options, put writing is seen at 55,000-54,500 levels.

➢ RSI Oscillator is in rising mode and placed above 60 on the daily chart.

Note : It is advisable to book profit in the strategy when ROI exceeds 20 per cent.

BULL SPREAD Strategy on TORRENT PHARMA

Buy (30-June Expiry) 4600 CALL at ₹98 & simultaneously sell 4700 CALL at ₹58

Lot Size 125

Maximum profit ₹7500 If TORRENT PHARMA closes at or above 4700 on 30 June expiry.

Maximum Loss ₹5000 If TORRENT PHARMA closes at or below 4600 on 30 June expiry.

Breakeven Point ₹4640

Risk Reward Ratio 1: 1.5

Approx margin required ₹20000

Rationale

➢ Long build up is seen in the Torrent Pharma Futures where we have seen rise in OI with

price rising by 3 per cent.

➢ Short term trend of the Torrent Pharma stock is positive as it is placed above its 5 and 11 day EMA

➢ Stock price is forming bullish higher top higher bottom formation on the weekly and

monthly charts.

➢ RSI Oscillator is in rising mode and placed above 60 on the daily chart, suggesting

strength in current uptrend.

Note : It is advisable to book profit in the strategy when ROI exceeds 20 per cent.

======================================

(This article is by Nandish Shah, senior technical/derivative analyst at HDFC Securities. Views expressed are his own.)

Source link

Samco launches global investing; Prime Litmus fund, ADIA stake sale

by Hansraj Agrawal | Jun 11, 2026 | Share Market

Samco launches global investing via GIFT City

Domestic brokerage Samco Securities has announced the launch of a global investing platform to enable domestic investors to invest in US-listed stocks and exchange-traded funds after receiving a broker-dealer licence from the International Financial Services Centres Authority in GIFT City. The brokerage will offer access to international equities through its trading app under the Liberalised Remittance Scheme, joining a growing list of domestic financial firms seeking to tap rising investor interest in overseas markets. This comes amid increasing demand for portfolio diversification among Indian investors, driven by concerns around geopolitical uncertainty, rupee depreciation and concentration risks associated with investing solely in domestic markets.

Prime Litmus launches ₹1,000 cr real estate fund

Prime Litmus Investment Management has launched Real Estate Opportunities Fund, a category-II alternative investment fund that aims to raise up to ₹1,000 crore, including a base corpus of ₹750 crore and a green shoe option of ₹250 crore. Prime Litmus Investment Management is a joint venture between Prime Research and Advisory, a subsidiary of Prime Securities, and Litmus Global Services.

ADIA arm pares 2.3% stake in Lenskart

An investment vehicle of Abu Dhabi Investment Authority (ADIA) has sold a 2.3 per cent stake in eyewear retailer Lenskart through a block deal to mop up ₹1,960 crore domestic mutual funds and institutional investors lapped up the shares. Platinum Jasmine A 2018 Trust, an ADIA-controlled investment vehicle, offloaded 40 million shares at ₹490 apiece, according to exchange data.

Source link

Gold, silver ETF investors pull out record sums as prices correct

by Hansraj Agrawal | Jun 11, 2026 | Share Market

Gold and silver exchange-traded fund (ETF) investors are cashing out as precious metal prices cool after a sharp rally. Investors pulled nearly ₹3,000 crore from gold and silver ETFs in May, marking the highest-ever combined monthly outflow from the two categories.

Gold ETFs recorded net outflows of ₹725 crore in May, the highest ever for the category and the first monthly redemption in over a year.

Gold prices had surged nearly 75 per cent in 2025, before hitting a record high on January 29 this year. Since then, prices have fallen about 17 per cent, prompting investors to lock in gains. Silver has followed a similar pattern, though the correction has been much steeper. Domestic silver prices are currently down nearly 39 per cent from their January peak.

The sharper decline in silver prices has led to heavier investor withdrawals from silver ETFs. The category witnessed record net outflows of ₹2,133 crore in May, extending its redemption streak to a fourth consecutive month. Investors have withdrawn ₹3,770 crore from silver ETFs over the period.

The outflows come after nearly six months of strong inflows into gold and silver ETFs. Both net inflows and folio additions had been scaling fresh highs month after month till January 2026, as soaring precious metal prices drew investors into the category.

“After strong inflows of ₹24,040 crore (into gold ETFs) in January, momentum tapered in subsequent months, indicating a gradual cooling in incremental allocations. The reversal appears to have been driven by a combination of profit booking following the earlier rally in gold prices and a shift in investor risk appetite, with some rotation away from safe-haven assets,” said Nehal Meshram, senior analyst, Morningstar Investment Research India.

The net folio addition data showed that a lot of investors have been exiting their investments in the two precious metal ETFs. Gold ETFs witnessed a decline in folios for the first time in at least a year, as the accounts shrunk by 134,343 in May. In the case of silver ETFs, the number of accounts have been on the decline for two straight months. The total number of accounts have come down by over 400,000 from the peak of 5.6 million in March 2026.

Source link

Sebi proposes unified stock pricing framework across exchanges

by Hansraj Agrawal | Jun 11, 2026 | Share Market

The Securities and Exchange Board of India (Sebi) has proposed a harmonised framework for determining base prices and daily price bands for stocks listed on multiple exchanges, aiming to reduce price divergence in thinly traded securities.

Under the proposal, if a stock trades on only one exchange on a particular day, all other exchanges would use that exchange’s closing price to determine the next day’s price band and pre-open call auction base price.

If the stock trades on more than one, but not all, exchanges, bourses where no trades occur would adopt the closing price of the exchange that recorded the highest trading volume. Where trading takes place on all exchanges—or on none—each exchange would continue to use its own closing price.

Sebi said the existing practice of exchanges independently applying price bands based on their own previous day’s closing prices can result in significant price differences in illiquid stocks. In cases of sustained buy-side interest and an absence of trading on one exchange, such divergence can persist and further impair liquidity.

To facilitate the framework, exchanges may be required to enter into arrangements for sharing closing-price data.

The proposal follows recommendations made by the Secondary Market Advisory Committee after its deliberations in April.

Source link

Times Top News

Times Top News

Recent Posts

Recent Comments