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Shares of auto component major Samvardhana Motherson International (SAMIL) rose as much as 5.4% to their day’s high of Rs 136 on the BSE after the company’s net profit rose 21% to Rs 1,061 crore in the third quarter of financial year 2026. In the same quarter last year, profit was Rs 879 crore.The company’s revenue from operations came in at Rs 31,409 crore, marking an increase of 14% from Rs 27,666 crore posted in the same quarter of the previous financial year. Improvement in PAT was supported by lower finance costs and higher contribution from JVs and associates. Revenue growth was led by the impact of the Atsumitec acquisition, organic growth, commodities and favourable FX, the company said.EBITDA for the quarter under review came in at Rs 3,042 crore, higher by 9.5% from Rs 2,776 crore in the same quarter last year. Margins increased to 10% from 9.7%, SAMIL’s investor presentation showed. “Operational improvements supported by realisation of benefits of Transformative Measures in MPP division,” it added.What should investors do?Motilal Oswal has reiterated a Buy rating on Samvardhana Motherson with a revised target price of Rs 148, after raising its earnings estimates by 6% for FY26 and 1% for FY27 following a better-than-expected Q3 performance despite challenging global macro conditions. The brokerage highlighted management’s next five-year revenue aspiration of USD 108 billion and expects the company to continue outperforming global automobile sales, supported by premiumisation trends, the ongoing EV transition, a strong order backlog across auto and non-auto segments and successful integration of recent acquisitions.While ongoing tariff issues could cause some near-term slowdown in key geographies, Motilal Oswal believes the company is relatively well positioned due to its proximity to customers and ability to realign supply chains. It added that potential industry consolidation could benefit larger players like Samvardhana Motherson over the long term and maintained its Buy stance based on a valuation of 24x December 27E EPS.Also read: Risk-on trade back? Smallcap stocks rally up to 28% in 2026, but market breadth stays weakNomura has also maintained a Buy rating on Samvardhana Motherson and raised its target price to Rs 140 from Rs 127, citing expectations of a recovery in passenger vehicle demand along with ramp-up in greenfield plants, aerospace and consumer electronics businesses and the integration of two acquisitions. The brokerage expects these factors to support revenue growth of 21% and 11% in FY27 and FY28, respectively. It also highlighted that operating leverage and ongoing cost rationalisation initiatives are likely to sustain margin improvement going forward. Additionally, Nomura noted that any potential new acquisitions could act as a key upside trigger in the company’s journey towards achieving USD 108 billion in revenue by FY30 from USD 25.7 billion in FY25.Offering a contrarian view, Citi has maintained a Sell rating on Samvardhana Motherson with a target price of Rs 95, despite a Q3 earnings beat driven by strong performance in the Wiring Harness and Modules businesses and improving margins. The brokerage cautioned that global demand risks remain elevated and flagged concerns around the profitability of emerging businesses and recent acquisitions. Citi said valuations have been rolled forward but sees limited upside potential from current levels.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Losing a pet can feel like losing a family member. Yet, for years, many dog owners struggled to find a respectful and safe way to say their final goodbye.Now, Ahmedabad has taken a compassionate step forward.The Ahmedabad Municipal Corporation (AMC) has launched Gujarat’s first CNG-based dog crematorium, and it’s not just a facility, but a thoughtful solution that combines emotion, dignity and environmental care.What is Gujarat’s first CNG-based dog crematorium?AMC has inaugurated a gas-fired, eco-friendly crematorium dedicated exclusively to pet dogs at the CNCD ABC Centre in Behrampura, making it the first municipal-run pet dog crematorium in an urban area in India.The facility allows families to perform final rites for their pets in a scientific, clean and respectful way.Employee Ajmeri Liyakat Ali explained, “This is specifically for pet dog owners. When people bring their pets here, we place them on a stretcher. The process takes two to three hours. Afterwards, we give the ashes to the owners. Owners are very happy to come here.”— ANI (@ANI) Why was a dog crematorium needed in Ahmedabad?For many families, burial was the only option earlier, often in open or unsafe areas.But this came with problems:Soil contaminationRisk of disease spread like canine distemperRemains being disturbed by stray animalsEmotional distress for ownersAMC officials said the cremation facility addresses both public health concerns and the emotional needs of grieving families.With over 16,800 registered pet owners and more than 19,000 dogs in Ahmedabad, the demand for a proper system had been growing steadily.How does the CNG crematorium work?The cremator is designed to be:Smoke-freeOdourlessEnvironmentally compliantGas-powered (CNG)It operates at temperatures between 800°C and 900°C, ensuring complete and hygienic cremation.Key features include:Capacity to cremate up to three dogs at oncePrimary and secondary chambers to prevent smoke or smellAutomated trolley system for safe handlingCCTV viewing for familiesAshes returned respectfully to ownersCremating two dogs uses about 14 units of natural gas, and the cost for one dog is fixed at Rs 700.Can pet owners attend or watch the cremation?Yes, and that’s what makes this facility special.Owners can:Attend the ceremony in personOffer flowers or prayersSit in air-conditioned seating areasWatch the process live via CCTV from homeReceive ashes afterwardsAMC also provides:Photographs and videosDeath certificatesAnnual memorial remindersA dedicated helpline dispatches an AMC van to collect the pet if needed.How are families reacting to the new facility?For many, this service has been a huge relief during a painful time.Last month, a family in Paldi lost their 55-day-old Maltipoo pup to parvovirus.“We were distraught and wanted a proper send-off,” the owner said, calling the civic facility a boon.Similarly, Chitrang Contractor, who lost his 14-year-old indie dog Rio, shared:“Rio was part of the family, a child. We were satisfied with the way his final journey went at the civic crematorium. We were able to take him there ourselves and say our final goodbye.”Stories like these underline how deeply pets are loved, and why a dignified farewell matters.Will more dog crematoriums be built in Gujarat?Yes.AMC has said that based on demand, two more dog crematoriums will be planned in the city.The project is part of wider animal welfare efforts under:ABC Rules–2023NAPRE–2030These programmes focus on vaccination, neutering, treatment and overall care for both stray and pet dogs.Why is cremation a safer and more eco-friendly option?Cremation eliminates:Ground contaminationDisease transmission risksImproper disposal of remainsThe CNG-based system also reduces emissions, making it cleaner than traditional methods.Inputs from agencies

Shares of PSU Bharat Heavy Electricals (BHEL) fell around 5% to Rs 259.3 on Wednesday morning after the government launched an Offer for Sale (OFS) to sell up to 5% stake in the company to raise around Rs 4,422 crore. The floor price for the OFS has been fixed at Rs 254 per share, which is at a discount of 8% to Tuesday's closing price of Rs 276.05.Under the offer, the Centre will first sell a 3% stake, with an option to sell an additional 2% if the issue is oversubscribed.The offer opened for subscription on Wednesday for non-retail investors, while retail investors can place their bids on Thursday.If fully subscribed at the floor price, the sale of 17.41 crore shares, or 5% stake, would fetch the government Rs 4,422 crore.The base issue size comprises over 10.44 crore shares, or 3% stake, in BHEL, plus a greenshoe option to sell over 6.96 crore shares or 2%.The government holds 63.17% in BHEL.So far in the current fiscal year, the government has raised Rs 8,768 crore through PSU disinvestments.Sensex, Nifty today: Catch all the LIVE stock market action hereBHEL reported a sharp turnaround in its December-quarter performance, with net profit more than tripling on the back of higher execution and operating leverage. The state-owned engineering major posted a net profit of Rs 382 crore for the third quarter ended December 2025, compared with Rs 125 crore in the same period last year, marking a 206% year-on-year jump.Revenue from operations rose 16% YoY to Rs 8,473 crore from Rs 7,277 crore a year earlier, reflecting improved project execution and a stronger order pipeline. Total income for the quarter, including other income, stood at Rs 8,700 crore, up from Rs 7,393 crore in the year-ago period.