Not a moon crash, but AI sends SpaceX shares spiralling 14% lower on Wall Street. What lies ahead?
SpaceX shares plunged 14% as investors raised concerns over the company’s aggressive AI spending plans, despite strong quarterly results. The stock decline coincided with reports of a SpaceX rocket part crashing into the Moon after drifting off course for nearly a year. Analysts drew a metaphorical link between the lunar impact and the company’s falling […]
Can Tips Music’s Rs 44 crore share buyback boost its share price? Here’s what JM Financial says
Tips Music’s Rs 44.5 crore open-market share buyback is expected to support its stock price, according to JM Financial, which reiterated its ‘Buy’ rating. The brokerage cited strong profitability, healthy revenue and profit growth guidance, shareholder-friendly capital allocation, and over 20% upside despite near-term pressure from higher content investments.
Manipal Health shares slide 6% on account of profit booking. What should investors do?
Manipal Health Enterprises shares fell sharply on Thursday day after their strong market debut, triggering profit booking. Analysts remain constructive on the company’s long-term prospects but advise fresh investors to wait for better entry levels, citing premium valuations, while allotted investors can continue holding with a stop-loss at Rs 620.
Swiggy shares jump nearly 3% as company targets Rs 10,000 crore adjusted EBITDA by FY31
Swiggy shares rose after the company unveiled an ambitious FY31 roadmap targeting Rs 10,000 crore in Adjusted EBITDA. It aims to more than triple consolidated GOV to Rs 2.5 lakh crore from Rs 67,734 crore in FY26, driven by food delivery, Instamart and Dineout.
GIC subsidiary and promoter Sunu Mathew lead LEAP India’s pre-IPO placement round
KKR-backed LEAP India raised Rs 371.3 crore through a pre-IPO placement, selling 2.34 crore shares at Rs 159 apiece. The round saw participation from GIC subsidiary Gamnat Pte Ltd, Dymon Asia and promoter-linked Matyas Possessiones. Gamnat received shares worth Rs 280 crore.
Swan Defence shares rise 3% after securing order from Denmark’s Svitzer
Swan Defence and Heavy Industries shares gained nearly 3% after securing an order from Denmark-based Svitzer A/S to build four advanced TRAnsverse 3200 tugs. The vessels will be constructed at SDHI’s Pipavav yard in Gujarat, with deliveries scheduled from early 2028. The contract follows a global shipyard evaluation and strengthens the company’s export order pipeline.
Allcargo Logistics shares rally 15% after Q1 profit jumps 258% YoY to Rs 31 crore
Allcargo Logistics shares surged over 15% after the company reported a 258% year-on-year jump in Q1FY27 profit before tax and its highest-ever quarterly revenue. The logistics firm also highlighted strong growth across its key businesses and expects business momentum to strengthen in the coming quarters.
LIC shares fall after India’s largest OFS closes with oversubscription on both days
The government raised Rs 31,552 crore through LIC’s record Offer for Sale (OFS), selling a 6.5% stake after exercising the greenshoe option. The issue was oversubscribed, driven by strong retail and institutional demand. The stake sale helped LIC achieve the 10% public shareholding norm ahead of Sebi’s May 2027 deadline, while shares declined over 1% […]
Juniper Green Energy shares list at 9% premium; Should investors buy sell or hold?
Juniper Green Energy shares debuted at a nearly 9% premium over the IPO price, in line with grey market expectations. Analysts recommend holding the stock for the long term, citing its strong renewable energy pipeline, while advising fresh investors to wait for better valuations and improved earnings visibility.
PB Fintech shares gain 2% after Q1 results. Why Morgan Stanley, Nomura see up to 25% downside
PB Fintech shares rose after the Policybazaar parent reported a 92% YoY jump in Q1 FY27 net profit to Rs 163 crore. Operating revenue grew 40% to Rs 1,888 crore, while total insurance premium increased 41% to Rs 8,372 crore. PAT margin also improved to 9% from 6% a year ago.