Hexaware Technologies Q2 Results: Profit jumps 38% YoY to Rs 380 crore but misses estimates
Hexaware Technologies posted a 38% YoY profit rise to ₹380 crore in Q2, but missed expectations due to higher costs and muted revenue. Revenue guidance was also lowered, prompting a 10.7% stock decline despite steady overall growth.
Sobha Ltd Q1 profit jumps over 2-fold to Rs 13.61 cr, revenue rises to Rs 901 cr
Realty firm Sobha Ltd on Friday reported a more than two times increase in its consolidated net profit to Rs 13.61 crore for the quarter ended June.
These 9 stocks witness decreasing promoter holdings
A decline in promoter holdings may hint at fundraising or possible misalignment of interests. Nine Nifty500 companies saw significant stake reductions in the June 2025 quarter versus March.
TVS Motor board to consider raising funds next week
TVS Motor Company on Friday said its board will next week consider and approve raising of funds via the issue of securities on a private placement basis.
Bank of Baroda Q1 Results: PAT grows 2% YoY to Rs 4,541 crore, NII decline 1.4%
Bank of Baroda posted a modest 2% YoY rise in Q1 FY26 profit to ₹4,541 crore. Net interest income dipped 1.4%, impacted by tax refund reclassification. Deposits and advances, both domestic and international, grew strongly year-on-year.
Nearly 77% of assets from B30 locations are in equity schemes: ICRA Analytics
As of June 2025, B30 locations accounted for 18% of mutual fund assets, with a strong preference for equity schemes (76.77%). Assets from B30 grew 24% YoY, while institutional investments remained concentrated in T30. Retail investors preferred Non-Associate Distributors, though direct investments remained significant across investor categories.
Brigade Hotel IPO subscribed 1.2 times on day 2; GMP hints at 7% listing pop
Brigade Hotel Ventures’ Rs 759.6 crore IPO saw 1.18 times subscription on its second day, driven by retail and NII interest. The IPO, priced at Rs 85-90, features expansion plans to 14 hotels by FY29. Despite premium assets and brand partnerships, analysts are divided due to high valuations, suggesting limited near-term gains.
2 top stock recommendations from Sneha Seth
Amid market declines, Sneha Seth from Angel One notes key support levels for Nifty and Bank Nifty, emphasizing stock-specific opportunities. She suggests watching for a Nifty close above 24,900 for a potential rebound. Seth recommends a buy on Dr. Reddy’s with a target of ₹1,324 and a sell on IndusInd Bank targeting ₹797, highlighting pharma’s […]
Most excited about these business segments in next 1-2 years: Raamdeo Agrawal
Raamdeo Agrawal of Motilal Oswal Group notes significant growth in capital markets. QIP and IPO activities are booming. The AMC sector is expanding rapidly. AUM has grown substantially. While AUM-based businesses flourish, broking remains subdued. He expresses concern over richly valued markets needing earnings support. He anticipates economic pickup in the second half of the […]
US-EU trade deal could be next big catalyst for global markets: Peter Cardillo
Wall Street indices are at record highs. The market is reacting positively to strong earnings reports and anticipated trade agreements. A US-European Union trade deal is expected. Spartan Capital Securities’ Peter Cardillo believes the rally has legs. He suggests the India-UK FTA could set a 15% tariff norm. Cardillo is optimistic about India reaching a […]