News for CARE Ratings Limited (CARERATING.BO)

The Nifty IT index was trading 0.33 per cent up at 38425.8.

Refinitiv StreetEvents Event TranscriptE D I T E D V E R S I O NCREI.NS - CARE Ratings LtdQ4 2025 CARE Ratings Ltd Earnings CallMay 14, 2025 / 06:30AM GMT ===

In the Nifty 50 index, 13 stocks ended in the green, while 37 stocks closed in the red in today's trade.

CARE Ratings' shares surged following a strong Q4 FY25 performance, with PAT increasing by 29% YoY to Rs 44.9 crore and revenue rising by 22% YoY to Rs 91.2 crore. The company announced a final dividend of Rs 11 per share. Over the past year, the company's shares have gained nearly 40%.

Nifty 50 gainers include Bharat Electronics, Jio Financial, Dr Reddy’s; Sensex falls amid India-Pakistan tensions, IT stocks decline.

Indian shares were seeing some profit booking on Tuesday after a strong rally in the previous session. The benchmark BSE Sensex fell 647 points, or 0.8 percent, to 81,782 in early trade while the broader NSE Nifty index dropped 150 points, or 0.

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State-owned REC Ltd on Monday said it has raised Rs 5,000 crore through issuance of bonds. The offering included Rs 3,000 crore through five-year bonds at a coupon of 6.87 per cent and Rs 2,000 crore through 10-year bonds at a coupon of 6.86 per cent, a company statement said.

Gensol founder Anmol Jaggi, his younger brother Puneet, and their privately owned firm Gensol Ventures owned 62.65% of the company at the end of December 2024. A good 81.7% of promoter shares were pledged to creditors.

JSW Infrastructure Ltd. on Wednesday said that it has issued and allotted commercial paper aggregating to Rs 1,000 crore.

SEBI has restricted Gensol Engineering Ltd and its promoters from trading, citing fund diversion. The company's stock dropped 5%, closing at a 52-week low. The investigation continues as market surveillance measures are enforced.

SEBI has also prohibited both Anmol and Puneet Singh Jaggi from serving as directors or key managerial personnel at Gensol during the period of the restriction.

Gensol share price: The stock eventually settled 2.29 per cent lower at Rs 130.15. At this closing value, it has cracked 83.16 per cent in the calendar year 2025 so far.

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Gensol Engineering share price: The stock slumped another 5 per cent to close at its lower price band (52-week low) of Rs 166.30. At this price, the stock has cracked 78.48 per cent year-to-date (YTD).

Muthoottu Mini Financiers Ltd has announced that ICRA Ratings has assigned a credit rating of ‘A Stable’ for the company’s long term borrowings.

Stock Market Today | Share Market Updates - Find here all the updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 2 April 2025.

Gensol Engineering stock, which stood at Rs 517.40 on March 3, 2025 slipped to a record low of Rs 175.75 on BSE in the current session.

Care Ratings has warned that the company is likely to slip into default, putting lenders led by State Bank of India (SBI) on notice on their loans outstanding with the company. It downgraded the long-term rating for BHSL to 'D' from 'B+' citing the expected default on OCDs including interest amounting to Rs 276 crore, along with an additional amount for yield to maturity (YTM) premium payment, due on March 31, 2025.