CBIZ shares soar 17% after Grant Thornton agrees to buy company in $5 billion cash deal
CBIZ shares surged 17% after Grant Thornton Advisors agreed to acquire the company for $5 billion in cash. The deal will create the fifth-largest US accounting and advisory firm, overshadowing mixed quarterly results and accelerating consolidation in the professional services industry.
J&K Bank Q1 profit slips 13% as higher provisions hit earnings
Jammu and Kashmir Bank reported a 12.6% decline in Q1 net profit to Rs 424 crore due to higher provisions despite improved asset quality. Advances and deposits grew strongly, while net interest margin narrowed, triggering a nearly 13% decline in the bank’s share price.
Why did market rise today? Sensex soars 890 pts, Nifty closes above 24,250; 4 factors behind Rs 4 lakh cr gains on D-Street
Indian stock markets experienced a significant surge on Wednesday. Benchmark indices Sensex and Nifty both rose over one percent. This occurred despite a sharp increase in oil prices due to US-Iran tensions. Broader markets also traded positively, with IT and Metal sectors leading gains. Market volatility remained subdued as broader markets showed strength.
KPIT Technologies shares rise 4% ahead of Q1FY27 results
KPIT Technologies shares gained over 4% on July 29 to reach Rs 627.70 ahead of its Q1FY27 earnings announcement. Despite near-term momentum and strength in the broader IT sector, the stock remains under medium-term pressure following institutional stake reductions and lower revenue expectations for upcoming quarters.
CarTrade Tech shares slip 7% despite 19% YoY rise in Q1 profit; EBITDA surges 45%
CarTrade Tech shares fell over 7% despite the company reporting a strong Q1 FY27 performance, with consolidated net profit rising 19% YoY to Rs 51 crore. Revenue from operations grew 16% to Rs 201 crore, while total income hit a record Rs 230 crore. EBITDA surged 45% YoY to Rs 63 crore, with margins improving […]
BlueStone Jewellery shares soar 7%. Should you buy at current levels or avoid?
BlueStone Jewellery and Lifestyle shares surged nearly 7%, extending their one-month rally to around 50% after robust Q1 FY27 earnings. The company reported a net profit of Rs 14 crore against a year-ago loss, while revenue rose 49% and EBITDA more than doubled. Analysts say the uptrend remains intact, but investors should watch key technical […]
Varun Beverages shares jump 3% after Q1 PAT rises 15%, revenue grows 20%
Varun Beverages reported a 15% profit and 20% revenue increase in Q1 FY2027. Consolidated sales volumes grew by nearly 20% driven by India and international markets. Gross margins expanded while depreciation and finance costs rose due to acquisitions. The company also announced a strategic alliance to introduce the Calpis brand. A second interim dividend of […]
Tata Capital shares rally 4% after Q1 profit surges 56%; AUM nears Rs 3 lakh crore
Tata Capital shares rose nearly 4% on Wednesday following a stellar Q1 FY27 performance. Consolidated net profit jumped 56% YoY to Rs 1,547 crore, while assets under management reached Rs 2.91 lakh crore. The NBFC also announced its strategic expansion into gold loans by acquiring an 88.6% stake in Yogloans.
IT stocks on a roll: TCS, Infosys, Coforge and others rally up to 5% for second straight day. What’s driving this surge?
Indian IT stocks rallied for a second straight session, buoyed by strong Q1 earnings, optimism around AI-driven demand and improving investor sentiment. Jefferies turned neutral on the sector, citing positive FPI feedback and potential tactical upside after a sharp correction. The rally came despite a global tech selloff, with investors also awaiting the US Federal […]
Inox Wind shares gain 3% after bagging Rs 1,600-crore order from NLC India
Inox Wind secured a repeat 200 MW turnkey order from NLC India worth Rs 1,600 crore. This project involves end-to-end execution and will be commissioned within twenty-four months. The company’s order book now stands at 4.7 GW, strengthening its market position. Inox Wind’s CEO expressed confidence in growth visibility and timely project delivery. The company […]