Vishal Mega Mart’s promoter, Samayat Services LLP, plans to sell 10% equity via block deals worth ₹5,057 crore at a 12% discount. Despite this, shares closed higher. The retail firm posted strong Q4 earnings, with net profit up 88% YoY.
Accenture guidance spooks D-Street, investors trim IT bets
Accenture’s lowered revenue growth guidance triggered a sell-off in Indian IT stocks, with the Nifty IT index falling 1.5%. Investors are concerned about subdued discretionary