Wipro shares rally 5% amid strong Q3 earnings and global tech surge
Wipro shares surged 5% following strong third-quarter earnings, which saw a 24% YoY increase in net profit and a marginal rise in revenue. Investor sentiment was buoyed by robust deal momentum, including $3.5 billion in contracts. Technical indicators suggest a bullish trend, with Wipro benefiting from global tech rallies and sectoral optimism.
Zensar Technologies shares zoom nearly 10% after Q3 results
Zensar Technologies’ shares surged nearly 10% after reporting strong Q3FY25 results, with a 10.1% YoY revenue growth to Rs 1,325.6 crore. However, profitability declined 2.7% YoY to Rs 159.8 crore. Operating revenue grew 8.6% YoY, with a PAT margin of 12%. The stock has gained 53.5% over the past year.
Mid and smallcap stocks show signs of excessive valuations; fundamentals key to long-term recovery: Amnish Aggarwal
Now as far as the cyclical factors are concerned, which today are visible in some of the segments, maybe due to food inflation, maybe due to the commodity inflation, so that will go away, maybe you can say 3Q was the worst, 4Q might show a little bit better numbers than 3Q.
Paras Defence shares rally 6% after MoU with Maharashtra govt for Rs 12,000-crore Optics Park
Paras Defence share price: The company’s signed of a Memorandum of Understanding (MoU) with the Maharashtra government to develop an Optics Park Project in Navi Mumbai. The project, set to begin operations in 2028, aims to advance optical technology innovations in India.
Do away with either capital gains tax or STT; lower income tax: Vikas Khemani
Vikas Khemani, Founder of Carnelian Asset Management, points out the peculiarity of having both capital gains tax and Securities Transaction Tax (STT) in India. He suggests eliminating one tax to make it fairer. He also mentions expectations for a reduction in personal income tax and the importance of the fiscal deficit and capex spending in […]
HDFC Bank shares in focus post Q3 earnings. Should you buy, sell, or hold?
HDFC Bank’s shares are in focus after the lender posted a 2.2% YoY growth in net profit for Q3FY25, reaching Rs 16,736 crore, which fell short of Street estimates. The bank’s net revenue grew by 6.3%. Analysts recommend a ‘Buy’ rating due to strong asset quality and improvements in deposit market share.
Stocks to buy today: Bharat Dynamics, Cyient DLM and Newgen Software on investors’ radar
Benchmark Sensex rebounded nearly 567 points, and Nifty regained the 23,150 level on Wednesday due to value buying in IT and banking shares amidst firm global trends. Key stocks in focus included Bharat Dynamics, Cyient DLM, and Newgen Software, which saw notable declines. Expert recommendations provided caution and target levels post-market resumption.
Stallion India Fluorochemicals shares to list today. Here’s what GMP indicates
Stallion India Fluorochemicals shares will debut on Thursday with a grey market premium (GMP) of Rs 39. The IPO saw a remarkable subscription of 188 times. Funds from the IPO will be used for working capital and other corporate purposes. Analysts suggest it as a viable medium to long-term investment, considering its financial performance.
BN Rathi Securities record date for 1:1 bonus issue, 1:2 stock split tomorrow
BN Rathi Securities’ shares may see heightened attention as January 23 is the last day to buy the stock to qualify for a 1:1 bonus share issue and a 1:2 stock split. Both corporate actions have January 24 as the record date, making shareholders eligible for one additional share per share owned and splitting each […]
Q3 results today: Ultratech, Adani Green among 59 companies to announce earnings on Thursday
Around 59 companies are set to announce their third quarter results on Thursday, including key players like Ultratech Cement, Adani Green, Dr Reddy’s, Mankind Pharma, and HPCL. Ultratech Cement might see a slight revenue increase but a dip in profitability, while Dr Reddy’s is expected to show double-digit growth in earnings and revenue.