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Grasim Industries Posts Jump in Fiscal Q4 Consolidated Profit

Grasim Industries (NSE:GRASIM, BOM:500300) recorded a rise in its consolidated attributable profit to 19.6 billion Indian rupees in the fiscal fourth quarter ended March 31 from 15.0 billion rupees a year ago.Earnings per share climbed to 28.84 rupees from the year-ago figure of 22.19 rupees, according to a Wednesday filing to the Indian stock exchanges by the manufacturing conglomerate.Revenue from operations in fiscal Q4 increased to 511.0 billion rupees from 442.7 billion rupees a year earlier.The company's board recommended a dividend of 10 rupees per share for the fiscal year ended March 31.

BOM:500300NSE:GRASIM

Research52d ago

Maybank Research Downgrades Wasco to Hold from Buy; Price Target is MYR1.07

Wasco (KLSE:WASCO) has an average rating of overweight and mean price target of 1.31 baht, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

KLSE:WASCO

Mining & Metals52d ago

Star Copper Engages former Teck Resources Exploration Manager Klaus Heppe as Strategic Advisor

Star Copper (STCU.CN) has entered into a consulting services agreement dated effective as of May 15, 2026 with Klaus Heppe, a Vancouver-based technical advisor with a track record of porphyry development from exploration to commercialization, the company said on Wednesday.Heppe will, among other things, support, assist and advise the company and board on certain technical, exploration and strategic project development options, said the company.Heppe is a "seasoned executive" with more than 20 years of experience advancing multi-commodity exploration, discovery, and resource growth across the Americas, from early-stage exploration through feasibility studies and large-scale mine operations, stated the company. He spent most of his career with Teck Resources Limited (TECK-A.TO, TECK-B.TO), where he held several senior leadership roles, including Exploration Manager, Chile and Director, Exploration - Discovery Excellence, it said.Heppe currently serves as VP of Exploration at Quilla Resources Inc, a Canadian/Peruvian company that has brought the Chapi copper mine in Peru back into production in record time, added the company."As we quickly head into the largest and most coordinated exploration effort in the history of the Star Project, we are extremely grateful to have Klaus supporting our team," said the company's Chief Executive Officer, Darryl Jones. "He brings significant technical, managerial, and scientific horsepower to what is shaping up to what could be our most intensive and rewarding exploration season ever."

$STCU.CN$TECK-A.TO$TECK-B.TO

Research52d ago

Deutsche Bank Upgrades Centene to Buy From Hold, Adjusts PT to $80 From $53

Centene (CNC) has an average rating of overweight and mean price target of $56.71, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$CNC

Mining & Metals52d ago

PyroGenesis to Raise $3 Million Via Bought Deal LIFE Offering and $2 Million Via Concurrent CEO Private Placement

PyroGenesis (PYR.TO) entered into an agreement with Research Capital Corporation to act as the sole underwriter and sole bookrunner, pursuant to which the underwriter agreed to buy, on a "bought deal" basis pursuant to the Listed Issuer Financing Exemption (LIFE), 8.8-million of its units for $3 million at $0.34 apiece, it said overnight Tuesday.Each unit will consist of one common share and one common share purchase warrant and each warrant will entitle the holder to buy a share for $0.42 for a three-year period from the closing date of the offering, expected on or about June 3. The underwriter has an option to increase the size of the offering by up to 15% by giving written notice of the exercise of the underwriter's option, or a part thereof, to the company at any time up to 48 hours prior to the closing date.Concurrent with the LIFE offering, the company intends to complete a non-brokered private placement offering of its units at $0.34 apiece for up to $2 million with the exception of the warrants to be issued to PyroGenesis Chief Executive P. Peter Pascali under the concurrent private placement, which will expire two years from the closing date of the offering.The offering and the concurrent private placement are expected to provide combined proceeds of up to $5.5 million to the company, assuming the full exercise of the underwriter's option. Proceeds will be used for working capital and advancements of contracts and backlog.Shares of the company closed down 4.9% to $0.39 on Tuesday on the Toronto Stock Exchange.

$PYR.TO

Research52d ago

Oppenheimer Upgrades Rubrik to Outperform From Market Perform, Price Target is $85

Rubrik (RBRK) has an average rating of buy and mean price target of $82.89, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$RBRK

Asia52d ago

ASE Technology Unit Buys Machinery Worth NT$1.13 Billion

ASE Technology (TPE:3711) unit Advanced Semiconductor Engineering purchased production machinery from HonPrecision (TPE:7769) for NT$1.13 billion.The machinery is intended for production use, according to a Wednesday Taiwan Exchange filing.

TPE:3711TPE:7769

Research52d ago

UBS Upgrades Packaging Corp. of America to Buy From Neutral, Adjusts PT to $248 From $232

Packaging Corporation of America (PKG) has an average rating of overweight and mean price target of $243.56, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$PKG

Research52d ago

Cantor Fitzgerald Initiates X-Energy at Overweight With $38 Price Target

$XE

Mining & Metals52d ago

Aya Gold & Silver Reporting High-Grade Exploration Drill Results at Boumadine

$AYA.TO

International52d ago

MBA US Mortgage Applications Decline in Week Ended May 15 as Mortgage Rates Rise

Mortgage applications fell by 2.3% in the week ended May 15 after a 1.7% increase in the previous week, with both refinancing activity and new home applications being pulled lower by higher mortgage rates, according to Mortgage Bankers Association data released Wednesday.Applications for refinancing loans fell by 0.1%, while new purchase applications declined by a seasonally adjusted 4%."Ongoing concerns around inflation from higher fuel costs combined with rising concerns over global public debt pushed Treasury yields higher in the US and abroad last week," said Joel Kan, MBA's vice president and deputy chief economist.The average contract interest rate for 30-year fixed mortgages with loan balances of $832,750 or less rose to 6.56% from 6.46% in the previous week, the highest level in seven weeks according to MBA."Overall applications were down to the lowest level in five weeks as purchase borrowers pulled back across conventional and government loan types," Kan added. "Refinance applications were essentially unchanged, with a decline in government refinances and an increase in conventional refinancing, likely as the increase in rates came late in the week."

Mining & Metals52d ago

Verde AgriTech Announcing Formation of Magnes Rare Earths and Leadership Transition to "Sharpen Focus and Unlock Value Across Two Distinct Growth Platforms"

$NPK.TO

Research52d ago

Haitong International Starts Shanghai Iluvatar CoreX Semiconductor at Outperform with HK$596.70

Shanghai Iluvatar CoreX Semiconductor (HKG:9903) has an average rating of buy and mean price target of HK$624.73, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

HKG:9903

Mining & Metals52d ago

Wallbridge to Advance Fenelon to Pre-Feasibility Study with Strategic Investments from Agnico Eagle and Waratah for Near C$56 Million

$AEM.TO$WM.TO

Research52d ago

Phillip Capital Starts SkyeChip at Buy with MYR1.75 Price Target

SkyeChip (KLSE:SKYECHIP) has an average rating of buy and mean price target of 1.60 ringgit, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

KLSE:SKYECHIP

Research52d ago

TA Securities Downgrades TSH Resources to Hold from Buy; Price Target is MYR1.34

TSH Resources (KLSE:TSH) has an average rating of overweight and mean price target of 1.38 ringgit, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

KLSE:TSH

Research52d ago

TA Securities Upgrades Velesto Energy to Buy from Sell; Price Target is MYR0.32

Velesto Energy (KLSE:VELESTO) has an average rating of overweight and mean price target of 0.32 ringgit, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

KLSE:VELESTO

Mining & Metals52d ago

Keyera, AltaGas and CN Rail Add Investment Will Expand Access to Global Markets and Support Long-term Economic Growth

$ALA.TO$CNR.TO$KEY.TO

Research52d ago

UOB Kay Hian Starts SkyeChip at Buy with MYR2.08 Price Target

KLSE:SKYECHIP

Mining & Metals52d ago

Collective Mining Discovers New Precious Metal-Rich Oxide Zone at Apollo Target Area

Collective Mining (CNL.TO) has made a new discovery of a zone of precious metal-rich oxidized mineralization in the northern portion of the Apollo target area at the Guayabales project in Colombia, the company said on Wednesday.Assay results for seven diamond drill holes have delineated a new and outcropping zone of oxidized gold and silver rich mineralization.Drilling and surface mapping have traced a continuous corridor of oxide gold-silver mineralization measuring about 700 meters in strike length by 200 m width and up to 100 m depth. Follow-up expansion drilling is underway.Highlights of the results include 71.20 m at 1.95 grams per tonne gold equivalent, 56.00 m at 1.42 g/t gold equivalent and 21.00 m at 2.14 g/t gold equivalent.With US$113.3 million in cash as of March 31, the company is fully funded for its planned 2026 program, which envisions up to 100,000 meters of drilling.

$CNL.TO

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