The Economic Times

Aditya Birla Group flagship holding firm Grasim Industries Ltd on Tuesday reported a 28.76 per cent increase in its consolidated net profit to Rs 2,232.95 crore for the December quarter of FY'26, led by a good performance across businesses.

BSE shares surged to an all-time high, fueled by broker upgrades and strong derivatives trading. While UBS and Nuvama are bullish on continued market share gains and revenue growth, Jefferies maintains a 'Hold' rating, citing reliance on weekly options and regulatory risks. Management remains optimistic about STT impact and future growth drivers.

Smallcap stocks are showing signs of a comeback after a dull 2025, driven by attractive valuations and improving earnings. The India-US trade deal has boosted sentiment, though tariff threats from Donald Trump remain a concern. Despite negative market breadth, stock-specific buying is evident, with some smallcaps already delivering double-digit returns.

Sanae Takaichi's decisive election victory has propelled Japanese markets to record highs on stimulus expectations, with the Nikkei 225 surging. While this boosts global risk sentiment, rising bond yields and concerns over Japan's debt burden are creating yen volatility and long-term fiscal questions.

Zydus Lifesciences posted strong Q3 results with revenue up 30% to Rs 6,864.5 crore, driven by consumer wellness and overseas markets. Profit growth was muted by one-time costs, while EBITDA rose 31%, reflecting scalable operations and demand across geographies.

Indian towel and bedsheet maker Trident reported a 44% profit fall in the third quarter due to a U.S. tariff-induced export slowdown. Revenue dropped 6%, with bedsheet sales declining by a third. The company is establishing a domestic subsidiary to boost overseas sales, particularly in the United States, following recent trade deal developments.

This can indicate financial stress or the need for liquidity, as it suggests the promoters are using their shares to secure funding.