Dr Agarwals Health shares fall 7% after Rs 2,065-crore block deal; Hyperion Investments, Claymore likely sellers
Dr Agarwals Health Care shares dropped on Wednesday after a Rs 2,065-crore block deal involving 4.07 crore shares. Hyperion Investments and Claymore Investments were likely sellers, according to term sheet details. The block deal came after the company reported a 44.6% YoY rise in Q1 FY27 profit to Rs 55 crore.
TCS, other Tata stocks fall up to 4% as N Chandrasekaran resigns
Shares of Tata Group companies fell, primarily driven by TCS. N Chandrasekaran stepped down as Tata Sons chairman ahead of the scheduled AGM on August 18, yet he will continue in his role until February 2027. His exit raises questions about the upcoming board meeting, particularly regarding the influence of Tata Trusts, which holds the […]
Finolex Cables shares jump 10% on strong Q1 performance; revenue crosses Rs 2,000 crore mark
Finolex Cables shares rose sharply on Wednesday after the company reported a 52.6% YoY rise in Q1 FY27 net profit to Rs 208.2 crore. Revenue surged 44.3% to Rs 2,013.15 crore, crossing the Rs 2,000-crore mark, while EBITDA rose 79% and margins expanded amid strong operational performance.
TD Power Systems shares rally over 12% after Q1 profit jumps 72% YoY to Rs 86 crore
TD Power Systems shares surged after the company reported a strong Q1FY27 performance. Profit after tax rose 72% YoY to Rs 86 crore, while revenue and EBITDA jumped 71% and 72%, respectively, driven by robust operational growth.
ideaForge Technology shares drop over 9% in two days. JM Financial downgrades rating
ideaForge Technology shares fell 9.5% over two days after JM Financial downgraded the stock to Add from Buy, citing valuation concerns following a sharp run-up despite strong long-term prospects. The brokerage expects order inflows to remain weak in FY27 before recovering in FY28 and FY29, while execution momentum and operating leverage could support significant revenue […]
Godrej Consumer Products shares tank 10% after CEO’s sudden exit; HSBC downgrades to Hold
Godrej Consumer Products shares declined 10% following the sudden resignation of CEO Sudhir Sitapati, who announced his work was finished and it was time for new beginnings. HSBC nalysts have since downgraded the stock, highlighting potential uncertainties and execution hurdles ahead, despite the company showcasing strong Q1 performance with impressive profit and revenue growth. Aasif […]
Zydus Lifesciences shares drop 3% after Q1 earnings. Here’s why Nuvama upgraded rating, hiked target
Shares of Zydus Lifesciences saw a decline of more than two percent following the announcement of a notable profit drop. The net profit plunged thirty-six percent year-on-year for the first quarter, despite a nearly twenty-two percent increase in operational revenue. Expenses surged by over forty-one percent. However, the managing director remains optimistic about future prospects. […]
Manappuram Finance shares jump 3% after Q1 profit soars 4x. Why Jefferies, Morgan Stanley raised target prices
Manappuram Finance shares witnessed an uptick on Wednesday after Q1 FY27 profit surged nearly four-fold to Rs 585 crore. Jefferies raised its target price to Rs 430, citing better NII and lower provisions, while Morgan Stanley also raised its target. CLSA retained a Hold rating, with a Rs 350 target price.
Lenskart, Delhivery, among 10 stocks with highest increase in DII holdings in Q1. See full list
In August, Axis Direct introduces 44 stock recommendations, advocating a buy-on-dips approach. The banking, capital goods, and realty sectors exhibit promising technical patterns for investors. Additionally, consumer durables, healthcare, power, and auto sectors are projected to perform well. However, a selective caution is suggested for FMCG, metals, and oil & gas stocks as the brokerage […]
MCX shares rise 2% as JPMorgan upgrades, raises target price after this Sebi proposal
Shares of Multi Commodity Exchange (MCX) rose more than 2% after Sebi proposed widening foreign portfolio investors’ access to physically settled non-agricultural commodity derivatives. JPMorgan upgraded MCX to ‘Overweight ’, and Jefferies retained a ‘Buy’ rating, citing the potential for higher trading volumes and earnings.