US stocks: US market ends higher as Amazon soothes AI jitters
Wall Street closed higher on Friday, driven by Amazon’s strong quarterly report. The tech giant’s results eased concerns about AI infrastructure spending. Apple’s stock dropped after its earnings report failed to meet expectations. Other technology stocks saw mixed performance, influencing market movements. Treasury yields rose as Fed officials discussed inflation concerns.
NSE pays Rs 715 crore to settle pending Rs 1,491-crore co-location case ahead of IPO
NSE has paid the remaining Rs 714.74 crore to Sebi, completing the Rs 1,491.21-crore settlement of the long-pending colocation and dark fibre cases. The payment follows Sebi’s in-principle approval and clears a key hurdle as the exchange moves closer to its planned Rs 30,000-crore IPO.
Vedanta Aluminium share price target: Why Citi, CLSA, Nuvama see up to 20% upside after Q1 earnings
Vedanta Aluminium Metal reported a threefold jump in Q1 FY27 net profit to Rs 5,629 crore, accompanied by an Rs 8 interim dividend. Global brokerages including Citi, CLSA, Nuvama, and Emkay remain bullish, projecting up to 20% upside driven by cost discipline, capacity expansions, and captive mine operations.
Data Patterns shares fall nearly 7% after Q1 profit declines 14% YoY to Rs 22 crore
Data Patterns India shares declined after the defence electronics company reported a 14% YoY drop in Q1 FY27 net profit to Rs 22 crore. Despite the profit decline, revenue from operations rose 17% YoY to Rs 116 crore. Operational EBITDA remained largely stable at Rs 31 crore compared with Rs 32 crore in the year-ago […]
Swiggy shares plunge 6% even as losses narrow. Should investors buy, sell or accumulate?
Swiggy Share Price: Swiggy shares plunged as much as 6% after the food delivery and quick commerce company reported its June-quarter results. While the consolidated net loss narrowed year-on-year, investors remained cautious over profitability and margin pressures. Brokerages stayed largely positive on the stock, with most retaining their ‘Buy’ ratings, citing long-term growth potential despite […]
Multibagger Astra Microwave shares rally 14% to 52-week high after Rs 2,205 crore order win from HAL
Astra Microwave Products shares surged 14% to a fresh 52-week high of Rs 1,960 after securing a massive Rs 2,205 crore order from Hindustan Aeronautics (HAL) for Uttam Radar components. The five-year contract nearly doubles the company’s existing order book, driving strong buying interest in the multibagger defence stock.
Redington shares gain 4% after Q1 profit jumps 77% YoY, revenue growth remains robust
Redington shares gained nearly 4% after a 15% surge in the previous session, following a strong Q1FY27 performance. The technology solutions provider reported a 77% YoY rise in net profit to Rs 486 crore, aided by record revenue and operating leverage. The stock also touched a fresh 52-week high of Rs 338.50 after the earnings […]
Thermax shares crash 16% after firm expects weak quarters ahead after muted Q1 results
Thermax shares dropped significantly after reporting an 86% profit decline. Revenue rose 7% year-on-year, but earnings before interest, taxes, depreciation, and amortization fell. Order inflow increased 2%, and the total order book grew. The company cited higher input costs and weaker export sales impacting performance. Geopolitical issues and currency fluctuations also contributed to cost pressures.
Hyundai Motor India shares rally 7% despite Q1 profit decline. Should you buy, sell or hold?
Hyundai Motor India shares rallied nearly 7% despite reporting a 35% year-on-year decline in June-quarter profit, as the results broadly met analyst expectations. Brokerages remained constructive on the stock, citing production normalisation, new launches, export recovery and long-term growth prospects.
Bajaj Finance shares rally 5% after Q1 results. What Nomura, Nuvama, other brokerages expect
Bajaj Finance shares jumped after the NBFC reported a strong Q1 FY27 performance, with standalone net profit rising 28% YoY to Rs 6,081 crore and net interest income growing 23% to Rs 12,571 crore. Robust earnings prompted several brokerages to raise their target prices. The company’s assets under management increased by Rs 36,969 crore, while […]