Eternal shares slide 4% after 63% YoY dip in Q2 PAT but brokerages remain positive
Following a disappointing profit report, shares of the food delivery company Eternal fell sharply. In a surprising twist, however, their revenue soared significantly. Brokerage analysts are issuing mixed reactions with varying target price adjustments. On a promising note, Blinkit, their fast-commerce segment, is scaling up swiftly and is expected to hit breakeven shortly.
Indian IT sector shows resilience amid global headwinds: Gaurang Shah
India’s top IT firms are demonstrating remarkable resilience, with major players like Infosys exceeding expectations despite global and domestic headwinds. Experts highlight that while Wipro’s results were less impressive, the overall sector is poised for growth.
Sensex slips 111 pts, Nifty dips below 25,550 as 2-day rally loses steam
Indian stocks opened lower on Friday, ending a two-day rally as IT shares dragged down the Sensex and Nifty. This decline occurred despite positive sentiment from corporate earnings recovery and consistent foreign fund inflows. The Sensex and Nifty both experienced modest drops in early trading.
Lock in stability before rate cuts: Jiraaf’s Saurav Ghosh on why AAA bonds deserve a place in every portfolio
Investors are eyeing AAA-rated corporate bonds for stable returns as India’s interest rates stabilize. These bonds offer high credit quality and predictable income, outperforming fixed deposits. Experts suggest 2025 could be a key year for fixed-income investments. Investors should check credit ratings, issuer track records, and tax implications before investing. Platforms registered under SEBI’s framework […]
Infosys shares in focus after Q2 PAT jumps 13% YoY, ADRs fall 2%
Infosys reported a 13% YoY increase in net profit to Rs 7,364 crore for Q2 FY26, with revenue rising 9% YoY to Rs 44,490 crore. The IT major also declared an interim dividend of Rs 23 per share and revised its FY26 revenue guidance upwards. Brokerage firm Nuvama maintained a ‘Buy’ rating, citing strong revenue […]
Dollar set for weekly slide as trade, shutdown concerns weigh
The dollar is on a downward trend, fueled by escalating global trade disputes and indicators of a sluggish U.S. economy. This shift bolsters the argument for the Federal Reserve to consider lowering interest rates. As a result, investors are gravitating towards safer assets such as gold and cryptocurrencies.
India’s F&B sector set for Rs 9,000 crore IPO boom amid rising demand
India’s food and beverage sector is set for a ₹9,000 crore IPO wave from over a dozen companies, signaling robust consumption growth and investor confidence. Major players like Milky Mist Dairy Food and Prestige Hospitality Ventures are leading the charge, with others like Curefoods India and Infifresh also planning significant public offerings.
India’s F&B sector set for Rs 9,000 crore IPO boom amid rising demand
India’s food and beverage sector is set for a ₹9,000 crore IPO wave from over a dozen companies, signaling robust consumption growth and investor confidence. Major players like Milky Mist Dairy Food and Prestige Hospitality Ventures are leading the charge, with others like Curefoods India and Infifresh also planning significant public offerings.
Asian shares dip after credit woes hit Wall Street
Asian shares declined Friday as US bank bad loans and credit market concerns dampened investor sentiment. Gold and silver hit record highs amid US economic fears and US-China tensions. The Bank of Japan signaled continued tightening, while the White House is set to ease auto tariffs.
Asian shares dip after credit woes hit Wall Street
Asian shares declined Friday as US bank bad loans and credit market concerns dampened investor sentiment. Gold and silver hit record highs amid US economic fears and US-China tensions. The Bank of Japan signaled continued tightening, while the White House is set to ease auto tariffs.