Info Edge’s stock surged over 4% as its artificial intelligence investments more than doubled in value, reaching Rs 1,268 crore. The company’s AI startup portfolio has yielded a 2.1x multiple and a 31% internal rate of return. Overall, Info Edge’s startup investments are now valued at Rs 41,300 crore, reflecting strong growth across its technology ventures.
KPIT Tech plunges 24% in 3 months as auto demand weakens
KPIT Technologies faces a substantial 24% decline in stock value, predominantly due to obstacles in the automotive sector. The company’s net profit has notably decreased,