Trent Ltd, a high-valuation Indian retailer, is poised to announce March quarter earnings, with investors keenly observing growth sustainability and profit margins. Despite aggressive store expansion, recent growth has slowed. Brokerages anticipate healthy revenue but mixed margin performance, with potential profit pressure due to cost dynamics and sales events.
AI stocks retreat as Democratic sweep puts data centre boom in focus
AI-related stocks came under pressure on Wednesday despite a broader Wall Street rally following the Democratic sweep of Congress. Data centre companies CoreWeave, Iren and