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NSE:ATUL 23 January 2026

Atul Q3 results: profit jumps 40% but labour-code costs bite; shares end higher

Atul Q3 results: profit jumps 40% but labour-code costs bite; shares end higher

Atul Ltd shares rose 1.03% to 5,833.25 rupees after reporting a 40% year-on-year profit jump to 163.54 crore rupees for the December quarter, with revenue up 11% to 1,573.62 crore. Operating expenses climbed 2.9% from the previous quarter, and employee benefit costs surged due to a 41.35 crore rupee provision for new labour codes. Indian stocks closed lower, with the Nifty 50 down 0.95%.
23 January 2026
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Stock Market Today

  • JPMorgan Raises Tesla Price Target by 227% on Expanded Market Outlook
    June 10, 2026, 11:36 AM EDT. JPMorgan analyst Rajat Gupta sharply increased Tesla's price target from $145 to $475, a 227% rise, reflecting a fundamental shift in valuation approach. Instead of viewing Tesla solely as an automaker, Gupta values Tesla across five markets: automotive, energy storage, robotaxis, humanoid robots, and infrastructure licensing. This broader view highlights Tesla's comprehensive control of hardware, software, AI, and data, giving it a competitive edge. JPMorgan forecasts Tesla's revenue to more than double by 2030, driven by services and new tech sectors, with earnings per share nearly tripling. This aggressive outlook contrasts with bearish views focusing on Tesla's current high valuation relative to earnings.

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