Artificial intelligence (AI) spending plans by major technology companies remain intact despite rising oil prices and geopolitical risks, with near-term investments driven by compute and memory costs rather than energy constraints. He added that chip pricing has had a bigger influence on capital expenditure efficiency. “Chip pricing has been more impactful on capex and how…
Shares of mid-cap IT service providers Firstsource Solutions Ltd., Persistent Systems Ltd., and Coforge Ltd. rallied up to 14% on Thursday, April 16, tracking the broader market upmove as the Sensex and Nifty extended gains for a second straight session. The rally was supported by firm global cues, easing crude oil prices, and improving investor…
Shares of Gujarat Mineral Development Corporation (GMDC) Ltd. surged as much as 16% on Thursday, April 16, marking their biggest single-day gain since July of last year. The stock is also the top gainer on the Nifty 500 index in today’s session. This is the third straight day of gains for the stock, having gained…
Dipan Mehta of Elixir Equities remains cautious on equities despite a recent recovery, citing risks from West Asia tensions, crude oil prices, inflation, and monsoon uncertainty. He expects the full impact to reflect in the June quarter and advises waiting for earnings clarity. He remains positive on cement, especially Ambuja Cements. Among capital market plays,…
Enviro Infra Engineers Ltd. has secured fresh orders worth over ₹2,240 crore since March 2026, strengthening its order book and enhancing medium-term revenue visibility, the company said in a press release on Wednesday, April 16. Following the new wins, the company’s total order book has crossed ₹4,600 crore, which will be executed over the next…
Rising aluminium prices and supply disruptions have prompted Kotak Institutional Equities to revise its outlook on the sector, with Vedanta emerging as its top ‘buy’ pick. The brokerage has upgraded its stance on NACL Industries and Hindalco Industries to ‘reduce’, factoring in recent price tailwinds, updated commodity assumptions, and revised foreign exchange forecasts. Aluminium prices…
Shares of Tata Group’s Trent Ltd. were trading around 2% higher on Thursday, April 16, even as brokerage firm HSBC trimmed its price target on the stock to ₹4,800 from ₹5,300 earlier. The brokerage, however, has maintained its ‘Buy’ rating on the stock. HSBC remains constructive on Trent’s growth outlook, citing strong store expansion, particularly…
Signature Global (India) Ltd. has entered into a strategic collaboration with Tonino Lamborghini S.p.A. to develop a premium branded residential project in Gurugram, the company said in an exchange filing on Thursday, April 16. The project will be located in Sector 71 along the Southern Peripheral Road and will span approximately 12.4 acres, featuring 812…
A below-normal monsoon forecast could support demand for summer-linked consumer durable products, even as there are concerns on rural demand and inflation, according to Manoj Gori, Associate Director, Equities at Equirus Securities. After waek sales in March due to unseasonal rains, “We have seen uptake in demand, especially from the southern markets,” he said. Also…
Shares of REC Ltd. and Power Finance Corporation Ltd. have both surged up to 5% each on Thursday, April 16. In the 10 trading sessions in April so far, both these stocks have gained in nine of them. Both REC and PFC shares are up for the second straight day on Thursday. With this recovery,…
