Business & Markets: India — Today

Indo-MIM jumps 10% after its first-ever results as a public company: profit surged 32% to ₹240 crore, EBITDA grew 25% to ₹407 crore, and margin expanded to 33.4% from 29.4% a year ago. The stock is now up 95.6% from its IPO price of ₹485 — a textbook post-listing earnings pop.

Citi raises Nifty target to 26,800 (from 26,000) for June 2027, citing better-than-expected Q1 earnings and a stable macro outlook. The brokerage...