Shares of Leela Palaces Hotels & Resorts Ltd. rose about 5% after the company reported a strong set of earnings for the June quarter, with consolidated net profit rising more than five-fold to ₹48.8 crore from ₹8.8 crore a year earlier, supported by healthy revenue growth and improved operating margins. Revenue from operations increased 28.1%…
Intellect Design Arena began FY27 on a strong note, reporting double-digit growth in both revenue and profit as financial institutions accelerated investments in AI-led digital transformation and cloud-native banking platforms. For the quarter ended June 30, 2026, the software company reported a consolidated net profit of ₹102 crore, up 9% from ₹94 crore in the…
South Korean stocks are the world’s No. 1 cautionary tale about the perils of too much leverage, built up too quickly. There is, however, another market in Asia where brokers are lending large sums of money to their clients, piling up systemic risk. India has had none of Korea’s AI infrastructure-related exuberance. Its benchmark index…
Shares of Divi’s Laboratories rose 2.4% on Friday, July 31, after brokerage firm Macquarie reiterated its ‘Outperform’ rating and raised its price target by 36% to ₹10,200 from ₹7,500. The revised target implies an upside of approximately 30.2% from Divi’s Laboratories’ Thursday closing price of ₹7,835. This is the first and the only target for…
For the past year, investors have chased high-growth sectors such as industrials and defence, often overlooking companies with strong cash flows and reasonable valuations. But Pankaj Murarka, CEO and CIO of Renaissance Investment Managers, believes that trend is beginning to reverse. According to him, markets are entering a phase where quality businesses are likely to…
Shares of Aether Industries Ltd. were trading higher on Friday, August 1, after the specialty chemicals company reported a strong set of June quarter earnings and announced a strategic research collaboration with Dow Chemical International. For the quarter ended June, Aether Industries reported a 33.4% year-on-year increase in net profit to ₹63 crore, compared with…
Q1 Results Today Live Updates, July 31: Several companies are set to announce their April-June quarter (Q1FY27) results today, July 31. Investors are expected to closely track these earnings for updates on business performance, revenue, profit and future outlook. As per BSE results calendar, 111 companies are set to release quarterly earnings today. BSE Q1…
Bajaj Finserv reported an 18% year-on-year rise in consolidated net profit at ₹6,297 crore for the first quarter, compared with ₹5,329 crore in the same period last year. The company’s net interest income (NII) increased 20% year-on-year to ₹14,528 crore from ₹12,083 crore in the year-ago quarter. Bajaj Finserv’s board has approved pursuing the re-insurance…
Volatility in artificial intelligence (AI) linked stocks has not changed Oppenheimer Asset Management’s positive view on the theme, according to John Stoltzfus, Managing Director and Chief Investment Strategist. He believes the recent swings have been driven more by leveraged traders than by any deterioration in the long-term AI story, which he continues to see as…
Shares of Astra Microwave Products surged as much as 13.6% on Thursday, July 30, to hit a record high of ₹1,960, after the defence electronics company secured a ₹2,205.2 crore order from Hindustan Aeronautics Ltd. (HAL) for the Uttam Radar programme. This is also the biggest single-day gain for the stock since July 2022. The…
