Shares of Afcons Infrastructure Ltd. are in focus on Tuesday, May 19, after the company reported a weak set of earnings and missed its full-year guidance across parameters. The guidance was already revised lower multiple times during the year. The company reported a net loss of ₹88.4 crore in the fourth quarter compared to a…
Oil prices declined after US President Donald Trump said he had called off a fresh strike on Iran which was planned for Tuesday after an appeal by Persian Gulf allies. Brent declined below $110 a barrel after rising 2.6% in the previous session. West Texas Intermediate for July was under $103 a barrel. Trump said…
Stocks to watch today, May 19: Indian stocks are likely to see stock-specific action on May 19 amid a series of quarterly earnings announcements and corporate developments. Companies including Indian Oil Corporation, DOMS Industries, JK Paper and Astral reported strong March-quarter results, while firms such as NTPC, Maruti Suzuki India and TVS Motor Company announced…
Sensex Today | Stock Market LIVE Updates: The India VIX remains near 20 and analysts see this as a worry. For the Nifty, 23,250 – 23,350 remains a support zone, while 23,700 – 23,800 needs to be crossed on the upside for a move back towards 24,000. HDFC Bank led the Nifty Bank recovery on…
The Nifty 50 is trading at around 18.5 times expected earnings and may not seem expensive on paper, but the quality of those earnings has quietly worsened, says Sanjeev Prasad, MD and Co-Head of Kotak Institutional Equities. Most of the profit growth right now is coming from oil and commodity companies, which benefit from high…
Zydus Wellness Ltd. reported a mixed March quarter performance, with revenue surging on the back of acquisitions and strong brand momentum, while profit declined year-on-year due to higher finance costs, amortisation expenses and one-time exceptional items related to acquisition and restructuring activities. Its consolidated net profit for fell 5.8% to ₹162 crore from ₹172 crore…
Shares of memory chip manufacturers Seagate fell over 7% on Monday, May 18, triggering a group-wide sell-off, after its CEO Dave Mosely raised concerns that the company may not be able to meet the soaring demand courtesy the Artificial Intelligence build-out. Speaking at a JPMorgan conference, Mosely said that if they started building new factories…
Benchmark indices on Wall Street recovered from the day’s low in a volatile trading session on Monday, May 18, after US President Donald Trump said that he is holding off on a planned attack on Iran scheduled for Tuesday based on the request of leaders from the West Asia region. The Dow Jones recovered over…
VRL Logistics Ltd reported a subdued performance for the March quarter on May 18, with profitability and operating margins coming under pressure despite a rise in revenue. The company posted a net profit of ₹72 crore for Q4FY26, down 3% from ₹74.3 crore in the corresponding quarter last year. Revenue rose 5.4% year-on-year to ₹853…
US President Donald Trump said he “should have asked for more” of a stake in Intel on behalf of the US government in an interview with Fortune magazine published on Monday, Reuters reported. The deal has made the US coffers some good, as the US government has made over $30 billion in recent months from…
