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[hfe_template id='11223'] [ad_1] Shares of cigarette makers ITC and Godfrey Phillips declined up to 2.2% in early trade on Monday, December 1, after the Centre announced plans to introduce a new health and security cess aimed at maintaining a high tax burden on tobacco products. ITC shares fell 1.5% to their day’s low of Rs 398.30 on the BSE, while Godfrey Phillips slipped 2.2% to Rs 2,809.80. The proposed levy comes as the Goods and Services Tax (GST) compensation cess is set to expire. Finance Minister Nirmala Sitharaman is scheduled to table the Health Security National Security Cess Bill, 2025 in Parliament along with an amendment to the Central Excise Act. These legislative changes seek to impose a new cess on products such as cigarettes, pan masala, and gutkha, to ensure the overall tax incidence remains unchanged despite the cessation of the existing compensation cess. The two bills were cleared by the Cabinet in its recent meeting, according to previous ET report...

[hfe_template id='11223'] [ad_1] Lenskart Solutions shares surged 4.8% to an intraday high of Rs 430.80 on the BSE on Monday, December 1, after the recently listed eyewear major announced its first quarterly results for the September quarter (Q2 FY26) on Saturday, November 29. The company reported strong year-on-year (YoY) growth in both profitability and revenue, reinforcing investor confidence following its debut earlier this month. Lenskart reported a 20% YoY rise in consolidated profit after tax (PAT) to Rs 102.22 crore, compared to Rs 85.47 crore in the same quarter last year. This marks the company’s first earnings report since its listing. Sequentially, the profit jumped 67%, a sharp rise from Rs 61.17 crore recorded in the previous quarter. For the half year ended September 2025, net profit stood at Rs 164.62 crore, more than doubling from Rs 75.35 crore in the corresponding period of the previous fiscal year. It is important to note that the reported PAT is attr...

[hfe_template id='11223'] [ad_1] Shares of Sterling and Wilson Renewable Energy Limited (SWREL) will be on investors’ radar on December 1 after the company announced a significant order win and the signing of a long-term strategic partnership with Adani Green Energy Limited, India’s largest and fastest-growing renewable energy developer. The renewable EPC major has entered into a 5-year Strategic Partnership Framework Agreement with Adani Green and has also received its first purchase order under this arrangement worth Rs 1,381 crore. The mandate is for a Balance of System (BOS) package for three solar power projects at the Khavda Renewable Energy Park in Gujarat, one of the world’s largest renewable energy developments. With this new award, SWREL’s order inflows for the fiscal have crossed Rs 6,450 crore, and the company says its project pipeline remains strong. The company already has a presence in the Khavda region, where it is executing nearly 6 GW of projects, with ...

[hfe_template id='11223'] [ad_1] State Bank of India, the country’s largest lender, is on track for one of its strongest years in recent memory. The stock has gained 25% so far in 2025, comfortably outpacing every private-sector peer within the Nifty. The performance marks a clear shift in momentum for the bank: after a muted 5% rise in 2023 and a more respectable 23% climb in 2024, this year’s advance positions SBI for a fifth straight year of positive returns and its most impressive showing in two years. SBI’s appeal extends well beyond its scale. As the anchor of India’s banking system and a long-standing favourite among institutional and long-term investors, the lender is entering a phase where stabilising credit growth, evolving rate expectations and sustained improvements in asset quality are creating a more durable pathway for earnings. Against this backdrop, analysts believe that targets of Rs 1,100 and above are increasingly achievable, underscoring the bank’s s...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average fell on Monday after a four-session winning run, as government bond yields rose and the yen firmed on growing bets of a December interest rate hike. The Nikkei fell 1.68% to 49,407.31 by the midday break, starting the month on a weak note after the benchmark snapped seven straight months of gains in November. The broader Topix lost 1.01% to 3,344.48. "There were hardly any big market-moving cues, but the market reacted to rising yields and the yen's gain against the dollar," said Kazuaki Shimada, chief strategist at IwaiCosmo Securities. "The market tended not to react to the yen's moves lately, but today's session was different." Japanese government bond (JGB) yields hit 17-year highs and the yen strengthened, as Bank of Japan Governor Kazuo Ueda's comments fuelled bets that the central bank could hike interest rates as early as this month. Live Events Chip-testing ...

[hfe_template id='11223'] [ad_1] Synopsis Power is a sector where demand always exceeds supply. The question has always been about the ability to pay. One of the reasons the sector went south was that the state electricity boards – its main customers – were in bad shape. Today, they are better placed. Now, a new set of customers is on the horizon – with no issue about paying for the power they consume. They are, in fact, loaded with money; the only thing they are looking for when it comes to power is how it is generated. This probably marks a new era for the power sector, unimaginable even two years ago. Does it mean that power sector stocks need to be looked at with a different lens once again? If you have not heard of these words, get ready to hear them more often very soon. Carbon free energy (CFE) and power purchasing agreements (PPAs) between two large companies for the supply of energy for 15 to 25 years. Yes, we are talking about PPAs between two private sector co...

[hfe_template id='11223'] [ad_1] Synopsis Last week, although the Nifty touched an all-time high, there was considerable turbulence. And the broader market is not in alignment with the Nifty, as evidenced by the fact that most portfolios are not as high as they were when the Nifty last peaked in September 2024. Now, while the markets are about buying and selling, it is at junctures like this that the third option should come into play: Just hold. Yes, there are times when wealth creation happens by hanging on to quality stocks. And by ignoring what is happening to the Nifty and Sensex. Here’s a quick lesson in the history of wealth creation. Yes we are using the words wealth creation and not stock market, though we are talking about the stock market. The year 2008: The global financial crisis crushed risk assets. Just five years later, the US “taper tantrum” crushed emerging market currencies and equities. Late 2016 saw demonetisation. Then came Covid in March 2020, slam...