Sensex drops over 300 points, Nifty below 23,950 as market falls for 4th day on rising Iran-US tensions. What’s ahead?
Indian stock markets extended losses for a fourth session on Thursday. Sensex and Nifty declined as oil prices surged following US strikes on Iran. Broader market indices also saw a downward trend, with several sectors opening in the red. Escalating tensions pushed Brent crude futures above ninety-six dollars per barrel. This situation presents opportunities for […]
Oracle Financial Services shares jump 5% on strong Q1 results; PAT soars 121%, revenue up 69%
Oracle Financial Services Software shares rose 5% on Thursday. The company reported a 121% year-on-year net income increase. Revenue from operations also saw a substantial 69% jump. New agreements with major global financial institutions were highlighted. Management attributed success to AI-first strategy and product modernization.
IndusInd Bank shares fall 5% despite 72% YoY Q1 profit surge. Why analysts remain bullish?
IndusInd Bank shares fell despite reporting a 72% year-on-year jump in Q1 FY27 net profit to Rs 1,037 crore and brokerages raising target prices. Investors remained cautious as net interest income stayed largely flat at Rs 4,685 crore. The lender’s profitability was supported by an improvement in net interest margin to 3.57%.
Eternal shares jump 3% after Q1 results. Jefferies, CLSA and 4 other brokerages weigh in
Shares of Eternal climbed 3% after its Q1FY27 earnings, with brokerages reaffirming bullish views on the stock. JPMorgan, CLSA, Jefferies, Nomura, Motilal Oswal and Emkay retained positive ratings, citing accelerating growth in food delivery and Blinkit, improving quick commerce profitability, stronger margin guidance and management’s confidence that competitive intensity has become more predictable.
Dr Reddy’s shares crash 9% after weak Q1 results. Here’s why these 3 brokerages are bearish
Dr Reddy’s shares plunged 9% on Thursday after the drugmaker reported a weak Q1 FY27 performance, with net profit tumbling 69% year-on-year to Rs 443 crore and revenue declining 6% to Rs 8,071 crore. Earnings were hit by a Rs 240 crore semaglutide API-related impact, including inventory provisions, while higher solvent and freight costs due […]
Negative Breakout: These 15 stocks cross below their 200 DMAs
In the Nifty500 pack, 15 stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on July 22, according to stockedge.com’s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock’s price is below its long-term trend line. The 200 DMA is a key indicator […]
Dividend alert! Last day to buy Bharti Airtel, Hero MotoCorp, among 43 stocks for dividend payout worth Rs 1,127
As per Sebi’s T+1 settlement cycle, investors must buy a company’s shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time, and they become eligible for the corporate action
FAR bonds lose their pull as tailwinds fade
Foreign inflows into Indian government securities have begun to slow down. This moderation follows a strong surge in June driven by index inclusion expectations. Narrowing yield spreads between India and the US are now a key factor. Concerns over rupee weakness and delayed index decisions also contribute. Investors are reassessing the attractiveness of rupee-denominated assets.
Nestle India extends rally on stellar June quarter, higher costs may limit upside
Nestle India shares reached a record high after a strong June quarter performance. Revenue growth accelerated significantly year-on-year, reaching 25.2 percent. However, operating margins moderated sequentially due to increased advertising investments. Exports also showed steady growth, driven by market penetration and product additions. The company anticipates continued healthy demand supported by premiumization and innovation.
MSEDCL appoints 8 bankers for Rs 10,000 crore IPO
Maharashtra State Electricity Distribution Co has appointed eight investment bankers for its proposed initial public offering. This significant issue could potentially raise between eight thousand and ten thousand crore rupees. The offering will mark the first-ever IPO by the Maharashtra government and a state-run discom. Mahavitaran, the brand under which MSEDCL operates, will be listed. […]