The Indian rupee opened 6 paise lower at 96.63 against the US dollar on Friday (July 24), compared with its previous close of 96.57, as a sharp rise in global crude oil prices weighed on sentiment. The domestic currency came under pressure after Brent crude surged above $100 a barrel, marking its first move past…
Shares of Swiggy Ltd., the food delivery and quick commerce operator, fell as much as 7% on Friday, July 24, and are heading towards their all-time low levels, on fears of further outflows from the stock after the recent developments. In an exchange filing on Thursday evening, Swiggy said that the board has approved a…
The S&P 500 could climb to 7,900-8,000 by the end of the year, even if markets witness a near-term pullback, according to Ed Clissold, Chief US Strategist at Ned Davis Research. He expects one more Federal Reserve rate hike before the rally resumes, viewing the current weakness as a pause within a longer-term uptrend. Clissold…
July 30: Ajanta Pharma, Alivus Life Sciences, Apollo Pipes, Bajaj Finance, Chambal Fertilizers & Chemicals Limited, Exide Industries, Gillette India, Hyundai Motor India, ICRA, LIC Housing Finance, Mankind Pharma, Mazagon Dock Shipbuilders Limited, Mahanagar Gas, Railtel Corporation Of India, Swiggy, Transport Corporation of India, Torrent Pharmaceuticals, Vedanta Aluminium Metal and Vedanta among others. Source link
Sameeksha Capital continues to stay away from large-cap IT stocks despite recent corrections, as the sector’s growth outlook remains weak, Founder, CIO and CEO Bhavin Shah said. Instead, the investment firm is increasing exposure to sectors such as aviation, healthcare, wealth management and electronic contract manufacturing, where it sees stronger earnings growth. Shah said the…
A total of 9.3 crore shares, or 16.2% equity, of Shadowfax Technologies Ltd. worth ₹1,938 crore changed hands at an average of ₹206 per share in multiple block deals on Friday, July 24. The stock fell as much as 7% after the transactions but is looking to recover from the lows. Earlier in the day,…
Q1 Results Today, July 25: AU Small Finance Bank, IDFC First Bank, Birla Corporation and ZEN Technologies are among the companies set to announce their financial results for the first quarter of the current financial year today. The companies will disclose their Q1 earnings through the stock exchanges. According to the BSE results calendar, 25…
Shares of Motilal Oswal Financial Services Ltd. (MOFSL) declined more than 9% on Friday, July 24, after the company’s June quarter earnings highlighted that a sharp recovery in profit was largely driven by treasury gains, while operating performance across its core businesses remained mixed. The company reported a net profit of ₹1,274 crore in Q1FY27,…
Mphasis shares will be in focus on Friday, July 24, after the IT services company reported June quarter results that exceeded revenue expectations but fell short on margins, while reiterating its FY27 growth and profitability guidance. The company reported 2.1% quarter-on-quarter constant currency (CC) revenue growth, ahead of Street estimates. However, EBIT margin declined 60…
Chairman and Managing Director Sudarshan Venu revealed that TVS Motor is evaluating strategic options, including a potential carve-out or separation, for its financial services business, which continues to grow rapidly through both organic expansion and acquisitions. Here’s a estimate on what it could be valued at? Over the last few years, TVS Credit has evolved…
