MedPlus Health shares tumble 16% after Q1 profit falls 21% YoY. Should you buy, sell or hold?
MedPlus Health Services shares tumbled after the company reported a weaker-than-expected Q1FY27. Despite healthy 21.9% revenue growth to ₹1,880 crore, investors were disappointed by the profitability miss. Brokerage Nomura maintained its ‘Buy’ rating, highlighting MedPlus’ long-term growth potential driven by its store expansion strategy.
Vedanta Oil & Gas shares fall over 3% after firm discloses two legal matters involving ONGC, GoI
Vedanta Oil & Gas share slipped on Wednesday after the company disclosed two legal matters involving the Directorate General of Hydrocarbons and ONGC. While DGH has sought about $35 million plus interest over OALP blocks, ONGC is pursuing enforcement of a $37 million arbitral award before the Delhi High Court.
SBI Funds shares fall 3%, but brokerages scream ‘Buy’ with target price up to Rs 750
SBI Funds Management shares fell after their market debut, but brokerages remain bullish, with Emkay and Equirus citing strong fundamentals, SBI’s distribution strength and long-term growth prospects while assigning target prices of up to Rs 750.
Bandhan Bank shares crash 10% after Q1 results; lender cuts RoA guidance. Should you buy, sell or hold?
Bandhan Bank shares fell sharply on Wednesday after the lender cut its RoA guidance, overshadowing a 35% year-on-year rise in Q1FY27 net profit. Motilal Oswal downgraded the stock to ‘Neutral’, citing pressure on margins and earnings. The brokerage also lowered its FY27 and FY28 earnings estimates despite lower provisioning supporting quarterly profit.
Vedanta shares drop 26% in two months, erase all post-demerger gains. Time to buy or better to avoid?
Vedanta shares have fallen over twenty-six percent in two months. This decline erased all gains made after the recent corporate demerger. Analysts are still advising caution for potential investors in Vedanta. The company’s financial risk profile has improved due to strong performance. Investors await Hindustan Zinc’s earnings for further market direction.
Bajaj Auto shares rise over 2% after Q1. Should you buy, sell or hold the stock?
Bajaj Auto shares rose 2.5% after the company reported a 46% year-on-year jump in Q1FY27 net profit to Rs 3,226 crore, while revenue surged 65% to Rs 21,689 crore. Following the strong performance, Motilal Oswal upgraded the stock to ‘Buy’ from ‘Neutral’, raising its target price to Rs 12,096, implying a potential 16% upside.
Tata Group stock falls 2% after Q1 net profit jumps 18% to Rs 390 crore
Indian Hotels Company reported a 18.5% net profit rise in Q1 FY27. Revenue per available room increased fourteen percent at domestic hotels. Growth businesses and management fees also contributed significantly to performance. The company added twenty new hotel signings, expanding its overall portfolio. Despite disruptions, IHCL maintained its double-digit revenue growth guidance.
Caliber Mining & Logistics IPO allotment today; GMP hints at 17% listing gain. Here’s how to check your status
The company’s shares are currently commanding a grey market premium (GMP) of around 17%, indicating expectations of a healthy listing gain, although GMP is an unofficial market indicator and should not be considered a guarantee of listing performance.
Sebi simplifies certification rules for SIF distributors
Sebi has eased certification rules for Specialized Investment Fund distributors. A new certification allows selling both mutual funds and SIFs. This new NISM Series V-D certification is now required for SIF distributors. Those holding this certification can distribute both product types. Existing mutual fund-only distributors retain their NISM Series V-A requirement.
Gold nears two-week high as Fed outlook, Middle East conflict stay in focus
Gold prices climbed to a two-week high amid technical buying and Middle East tensions. Investors await the Federal Reserve meeting for interest rate outlook clues. Oil prices rose over one percent due to shipping disruptions in the Red Sea. Iran’s interior minister visited Pakistan seeking continued mediation efforts. Other precious metals like silver, platinum, and […]