After hitting a 52-week high of around Rs 74 apiece in May last year, the renewable energy stock plunged nearly 49% over the next 10 months to a 52-week low of Rs 38.19. However, bulls have since regained control, driving a sharp rebound in recent sessions.

April saw markets rebound sharply following the incessant selloff in March, amid rising hopes for peace talks and a ceasefire between Iran and the US in the Middle East, which had triggered a skyrocketing rally in oil prices and made analysts worry over the possible impact on India’s macroeconomics.

Suzlon Energy shares rode on the overall bullish sentiment. After hitting the record low level at the end of March, the stock rallied nearly 27% to hit today’s intraday high of more than Rs 48 apiece.

Market value swells by Rs 13,900 crore in April

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The strong surge in the share price led to strong gains in Suzlon Energy’s market value. The total market capitalisation of the company soared by more than Rs 13,900 crore in April so far to nearly Rs 66,270 crore today.
The stock has rallied nearly 500% in three years, and more than 1,000% in five years. For context, the stock had hit an all-time low of Rs 1.70 apiece during the infamous COVID crash of March 2020. The stock has so far rallied a whopping 2,700% since then.

FIIs increase stake in Suzlon Energy

Foreign institutional investors (FIIs) quietly increased their exposure to Suzlon Energy in the March quarter, even as they overall remained strong net sellers of Indian equities during the same period. FIIs raised their stake in the renewable energy company by about 1.68 crore shares sequentially. Their holding stood at 3.07 crore shares, or 22.42%, at the end of the March quarter, compared with 3.06 crore shares, or 22.34%, in the December quarter.

Operationally, Suzlon has delivered decent numbers in the recent past. The company reported a 15% year-on-year (YoY) rise in consolidated profit to Rs 445 crore in the December quarter, while revenue jumped 42% YoY to Rs 4,228 crore, reflecting robust execution and order conversion.

With India accelerating its renewable energy push, particularly in wind capacity addition, Suzlon remains well placed to benefit from sector tailwinds. The recent FII buying, despite broader market selling, suggests institutional investors may be positioning for that next phase of growth.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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7-Eleven is planning to close hundreds of stores across North America this year as the convenience store giant trims its footprint following recent declines in the region.

Parent company Seven & i Holdings said in a recent filing that 645 7-Eleven locations are slated to close during its 2026 fiscal year, which began in March. The closures include some stores that will be converted into wholesale fuel sites rather than traditional convenience locations.

Despite the pullback, the company is still pursuing selective expansion. Seven & i expects to open about 205 new 7-Eleven stores during the same period, partially offsetting the closures.

7-ELEVEN PUTS ‘FOCUS ON FOOD’ IN US REVAMP WITH JAPANESE-INSPIRED MEALS AND UPGRADES

A man at a self-serve frozen drink machine with rotating flavors inside 7-Eleven convenience store, Miami, Florida. (Jeffrey Greenberg/Universal Images Group via Getty Images)

The net effect is a smaller overall footprint. Company projections show the number of 7-Eleven convenience stores in North America declining to about 12,272 locations by the end of the fiscal year, down from more than 13,000 stores in 2024.

The company’s North American business has faced softer performance in recent periods, including declines in customer traffic, according to company data.

7-ELEVEN SHUTTING DOWN NEARLY 450 UNDERPERFORMING STORES ACROSS NORTH AMERICA

7-Eleven plans to close more than 600 locations in North America in its 2026 fiscal year. (Getty Images)

The planned closures come as Seven & i looks to streamline operations and optimize its store portfolio.

PAPA JOHN’S TO CLOSE HUNDREDS OF RESTAURANTS

Seven & i did not disclose which specific locations will be affected by the closures.

The planned closures come as Seven & i looks to streamline operations and optimize its store portfolio. (Getty Images)

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The moves reflect a broader push to focus on core convenience store operations while balancing closures with targeted expansion.

Trading activity remained strong, with around 16.12 lakh MCX shares changing hands, translating into a turnover of nearly Rs 460 crore. The rally comes amid a broad-based surge across commodities, lifting trading activity on the exchange. MCX typically benefits when commodity prices move higher as well as during periods of volatility, as both factors tend to drive higher trading volumes.

A rise in prices across key segments such as bullion, energy and base metals encourages greater participation from traders and hedgers, boosting transaction volumes. Since the exchange earns a significant portion of its revenue from transaction fees, higher volumes translate directly into improved earnings visibility.

MCX Q3 snapshot

The company reported a sharp rise in earnings for the quarter ended December 31, 2026, with consolidated net profit surging 151% year-on-year to Rs 401 crore from Rs 160 crore in the same period last year. The profit after tax is attributable to the owners of the company.
Revenue from operations also saw strong growth, rising 121% YoY to Rs 666 crore in Q3FY26 from Rs 301 crore a year earlier.

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On a sequential basis, performance remained robust. Net profit jumped 103% from Rs 197 crore, while revenue increased 78% from Rs 374 crore in the previous quarter. Operating performance strengthened significantly during the quarter, with EBITDA climbing 144% to Rs 527 crore.
Also read: ICICI Pru Life zooms 7% on Q4 nos. Should you buy or sell?

Business activity also picked up sharply. Average daily turnover of futures and options rose 224% YoY to Rs 7,50,136 crore from Rs 2,31,821 crore. The bullion segment continued to dominate, with its share in ADT increasing to 69% on a quarter-on-quarter basis, supported by the launch of new contracts such as Gold Mini and Gold Ten futures.MCX shares are up 30% since the beginning of the year.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

The Trump administration is sending letters to banks in four areas about handling Iranian money.

The letter obtained by FOX Business says the Treasury Department has evidence that banks in Oman, the UAE, Hong Kong and China have allowed Iranian funds used for illicit activities to be funneled through them.

A senior administration official not authorized to speak publicly says this is the first step to adding secondary sanctions on those banks, which would cut them off from the U.S. financial system.

CHINA EMERGES AS UNEXPECTED PLAYER IN TRUMP’S IRAN DIPLOMACY PUSH

Treasury Secretary Scott Bessent on Tuesday warned companies and countries against paying Iran to transit the Strait of Hormuz. (Abdul Saboor/Reuters)

“Now is the time to finally disable Iran’s ability to support terrorism, threaten the region and global markets, and seek to continue its nuclear and ballistic missile program, which the U.N. has prohibited,” the letter said.

CHINA-RUSSIA’S COOPERATION HANDS THE US A ‘GRIEVOUS LOSS’ AS IRAN CONFLICT ESCALATES, EXPERT WARNS

The Trump administration is sending letters to banks in four areas about handling Iranian money. (Andrew Kelly/Reuters)

Treasury Secretary Scott Bessent on Tuesday warned companies and countries against paying Iran to transit the Strait of Hormuz because that opens them up to secondary sanctions. Bessent is leading the sanction charge in Operation Epic Fury.

CONGRESSIONAL REPORT DETAILS HOW CHINA BUYS SANCTIONED OIL FROM IRAN, RUSSIA AND VENEZUELA

Tankers are seen at the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of the major container ports in the Sharjah Emirate, along the Strait of Hormuz. (Giuseppe Cacace/AFP via Getty Images)

This letter is different, but shows the administration’s willingness to up the ante and truly go after the Iranian money.

The U.S. waiver to sell Iranian oil at sea will expire on April 19.

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Rolls-Royce Motor Cars CEO Chris Brownridge unveiled Project Nightingale — the first model in the company’s newly launched Coachbuild Collection — during a FOX Business exclusive interview Tuesday, describing it as a “very special” addition to the ultra-luxury brand’s lineup.

“Today, we’re announcing Project Nightingale,” Brownridge told “The Big Money Show” co-host Taylor Riggs. 

“Project Nightingale is a very special motorcar for Rolls-Royce. It is the first of our Coachbuild Collection,” he added.

Rolls-Royce first announced the Coachbuild Collection in March, describing it as “an entirely new proposition in super-luxury” featuring highly limited, invitation-only vehicles.

LYFT TO LAUNCH NATIONWIDE FUEL SAVINGS PROGRAM AS DRIVERS FEEL PINCH FROM RISING GAS PRICES

This photo from Rolls-Royce Motor Cars shows the new Nightingale project. (Courtesy: Rolls-Royce Motor Cars)

“Each Coachbuild Collection is rare and extravagant, authored entirely by Rolls-Royce and created on a completely new canvas, never to be repeated,” the release stated.

Participation in the program will be limited to clients with a “special affinity” for the marque.

Brownridge noted the Nightingale will be built on the company’s “architecture of luxury” and produced in highly limited numbers, with about 100 units planned.

AUTO INDUSTRY TRADE GROUP URFES FEDS TO SCRAP GAS TAX AND REPLACE IT WITH A VEHICLE WEIGHT FEE

Chris Brownridge in the presentation suite at Rolls-Royce’s manufacturing facility and global headquarters in Goodwood, U.K., on Dec. 9, 2025.  (Murray Ballard/Bloomberg via Getty Images)

Because of its rarity, he said, the Coachbuild approach allows for greater design freedom and more elaborate craftsmanship.

“Because it’s so rare and so unusual, it allows us to have a greater freedom in terms of the design, so we can produce something which is truly spectacular, extremely extravagant, and something that, if you were to drive it down the street, everyone would stop and look,” he said.

Brownridge’s interview with Riggs also touched on artificial intelligence, electric vehicles, tariffs and luxury demand in the U.S.

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He said more than 30 clients in the region have already committed to Project Nightingale, calling it a strong signal of demand.

“There are more than 30 clients that are committed to that car in this region. So that’s a great sign for me in terms of the demand which we see in… this part of the world.”