Top 10 Most Valued Firms: 9 companies add Rs 2.51 lakh crore in market value; Check BIGGEST gainer and the sole loser - Markets

Top 10 Most Valued Firms: 9 companies add Rs 2.51 lakh crore in market value; Check BIGGEST gainer and the sole loser – Markets

The market capitalisation (mcap) of Larsen & Toubro rallied Rs 21,096.8 crore to Rs 5,41,844.69 crore and that of State Bank of India edged higher by Rs 10,845.97 crore to Rs 9,47,799.81 crore. HDFC Bank’s mcap advanced Rs 8,164.73 crore to Rs 11,52,150.63 crore. The valuation of LIC went up Rs 4,427.49 crore to Rs…

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Meta shares fall up to 10% overnight after results, guidance disappoint street

Meta shares fall up to 10% overnight after results, guidance disappoint street

Meta Platforms Inc. reported a decline in second-quarter profit even as revenue exceeded Wall Street expectations, with higher legal costs, severance expenses and continued investments in artificial intelligence weighing on earnings. The stock fell in after-hours trading following the results. For the quarter ended June, the Facebook and Instagram parent posted revenue of $60.8 billion,…

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Samsung Electronics' Q2 operating profit beats estimates but stock sees sharp swings

Samsung Electronics’ Q2 operating profit beats estimates but stock sees sharp swings

Samsung Electronics reported second quarter results on Thursday, July 30, where its operating profit surpassed analyst expectations. The stock though, after opening higher, has given up gains to trade with losses, in-line with the broader sell-off in Korean equities. For the second quarter, Samsung reported revenue of 171.5 trillion won, lower than the 172.65 trillion…

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Starbucks raises full-year forecasts again as Brian Niccol's turnaround gathers pace

Starbucks raises full-year forecasts again as Brian Niccol’s turnaround gathers pace

Starbucks (SBUX.O) has raised its annual sales and profit forecasts for the second time, as CEO Brian Niccol’s multi-year turnaround strategy continues to revive demand at the world’s largest coffee chain. The upbeat outlook sent the company’s shares up 5% in extended trading. Under Niccol, Starbucks has focused on improving the customer experience through a…

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