Tesla short sellers mint $4 billion profit as shares nosedive
Tesla shares plunged up to 15% after weak quarterly earnings, triggering about $4.1 billion in one-day gains for short sellers. Concerns over AI spending, high valuation, and soft auto margins weighed on sentiment, though retail investors continued buying and some analysts see the decline as a long-term opportunity.
Tesla shares crash 14%, Alphabet falls 6% as AI spending worries hit Wall Street
Tesla and Alphabet shares fell after quarterly results as investors overlooked robust revenue growth and focused on weaker margins, missed earnings and rising AI spending. The selloff highlighted Wall Street’s growing demand for profitable AI investments with stronger near-term returns.
Brent crude oil price surges past $100 as Houthi tanker attacks in Red Sea rattle markets
Brent crude surged above $100 a barrel after Houthi rebels claimed attacks on Saudi oil tankers in the Red Sea, escalating supply concerns. Rising crude prices intensified inflation fears, lifted bond yields and heightened risks to global energy markets.
Rekha Jhunjhunwala sells over 7 crore Star Health shares in Q1. Details here
Ace investor Rekha Jhunjhunwala sharply cut her promoter stake in Star Health to 3.04% from 15.57% during the June quarter of FY27, implying a sale of nearly 7.38 crore shares. The latest shareholding pattern also showed the promoter holding under Rakesh Jhunjhunwala and Associates fell to nil. Star Health is a Chennai-based health insurer.
US stocks today: Nasdaq plunges 2% as tech earnings spark AI spending worries
Wall Street closed sharply lower with Nasdaq down over 2% as weak Big Tech earnings and rising AI spending concerns hit sentiment. Surging oil prices above $100, driven by Middle East tensions, reignited inflation fears and pushed bond yields higher, overshadowing gains in defense stocks like Lockheed Martin.
Bluestone Jewellery shares rocket 36% in just three days after Q1 results. Can the momentum sustain?
BlueStone Jewellery shares have surged 36% in three trading sessions after the company’s strong Q1 results, which marked a return to profitability and robust revenue growth. Brokerages remain optimistic on the stock, citing aggressive store expansion, improving operating leverage and healthy long-term demand supported by the organised jewellery retail market.
Waaree Renewable shares slide 7% despite 34% YoY surge in Q1 profit. What’s spooking investors?
Waaree Renewable shares fell sharply on Thursday despite reporting a 34% year-on-year rise in Q1 FY27 profit, as investors focused on weaker sequential earnings and revenue. While the company remains optimistic about long-term growth, backed by a strong order book and T&D expansion, the Street appeared disappointed by the quarter-on-quarter slowdown.
BlackRock, Prashant Jain-backed 3P India among others invest in Indo MIM IPO anchor book of Rs 1,141 crore
Indo MIM has raised Rs 1,141 crore from anchor investors ahead of its Rs 3,811 crore IPO, drawing participation from global institutions including BlackRock and domestic investors such as Prashant Jain-backed 3P India. More than half of the anchor allocation went to domestic mutual funds, reflecting strong institutional interest in the precision engineering manufacturer.
Tanla Platforms shares jump nearly 14% post Q1 earnings, revenue surges 17.8% YoY
Tanla Platforms shares surged nearly 14% after Q1 FY27 revenue rose 17.8% year-on-year to Rs 1,226 crore. Strong gross profit, EBITDA and EPS growth reflected improving profitability, while higher spending by existing enterprise customers supported revenue momentum.
Adani Green shares tumble 5% after Q1 results. Here’s why Bernstein has an Underperform rating
Adani Green Energy shares fell on Thursday despite reporting a strong Q1 FY27 performance, with consolidated net profit rising 19% year-on-year to Rs 845 crore and revenue increasing 16% to Rs 4,663 crore. Revenue from power supply jumped 29%, supported by robust operational performance and a 27% increase in operational capacity to 20,142 MW.