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Kalyan Jewellers shares fell 3% after its June-quarter results highlighted margin pressure despite strong earnings growth. Consolidated net profit rose 32% year-on-year to Rs 348.7 crore, while revenue surged 45.7% to Rs 10,588.9 crore. Investors remained cautious as higher gold exchange volumes and promotional offers weighed on margins, offsetting the retailer's robust sales performance.
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BSE reported a significant 62% profit jump and 63% revenue increase for the first quarter. Investment income also saw a sharp rise during the reported period. Analysts maintained positive calls but reduced price targets due to regulatory changes. Industry volumes declined, impacting profit estimates for upcoming financial years. BSE shares experienced a slight decline after the financial results were announced.
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The OFS opened for non-retail investors on August 4, and saw strong participation. The offer was oversubscribed more than 3 times its offer size. It now opens for retail investors today.
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In the Nifty500 pack, eight stocks' closing prices crossed below their 200 DMAs (Daily Moving Averages) on August 4, according to stockedge.com's technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock's price is below its long-term trend line. Traders use the 200 DMA as a key indicator to determine the overall trend in a particular stock. Take a look:
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Muthoot Finance shares dropped nearly eight percent after reporting lower net interest margins. Loan yields are expected to remain under pressure this year due to rising costs. Earnings growth in FY27 will depend on loan book expansion, not margin improvement. The company's stock has seen a nineteen percent decline since mid-May. Analysts anticipate moderated earnings growth for Muthoot Finance over coming years.
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