Tech Mahindra shares gain 5% after Q2 results. Should you buy, sell or hold the stock?
Tech Mahindra shares rose after Q2FY27 net profit increased 32.7% year-on-year to Rs 1,586 crore. Nomura retained its Neutral rating, seeing limited upside despite expectations of above-peer growth in FY27, driven by large telecom deals and expansion across other verticals.
Wipro shares rise over 2% as Q2 revenue grows 9% YoY. What are Nomura, Goldman Sachs analysts saying?
Wipro reported a 9.1% year-on-year rise in Q2FY27 revenue to Rs 24,752.7 crore, while net profit fell 1.9% to Rs 3,201 crore. The IT major expects Q3 revenue growth of -1.5% to 0.5% sequentially in constant currency terms. Nomura retained its Buy rating with a Rs 200 target, citing a slight revenue beat and confidence […]
NSE, BSE, Groww, other capital market stocks rise up to 3% as Sebi revises CAS framework. What traders must know
SEBI has revised the Closing Auction Session framework, changing market timings, order transfer rules and settlement price calculations for derivatives. The updated rules will take effect from December 7, 2026, with provisions for transferring unexecuted limit and iceberg orders kicking in on February 8, 2027.
Karur Vysya Bank shares rally 6% after Q2 profit jumps 37% YoY
Karur Vysya Bank shares rose sharply after the private sector lender reported a 37% year-on-year rise in Q2FY27 net profit to Rs 788 crore. Net interest income grew 19% to Rs 1,497.3 crore, while total business increased nearly 18% to Rs 2.40 lakh crore.
Jio IPO priced accessibly, proceeds to help clear $3 billion net debt: Isha & Akash Ambani
Jio Platforms has set an IPO price band of ₹1,065 to ₹1,119 per share. The company plans to raise around ₹30,000 crore during its initial public offering. Isha Ambani emphasized pricing the IPO accessibly for ensuring long-term shareholder value. Funds from the IPO will be used to reduce debt and support future growth initiatives. Jio’s […]
Sebi tweaks CAS framework, restores 30-minute VWAP for expiry settlements
The Securities and Exchange Board of India has implemented an updated framework for closing auction sessions and derivatives settlement. Under the new guidelines, volume-weighted average prices will be used during the last half-hour of normal trading. Trading for stocks will now last until 3:30 pm, while closing auction sessions will continue until 3:40 pm.
Wipro faces slow recovery as revenue and deal wins lag peers
Wipro has reported a decline in revenue for the second quarter in a row, contrasting with larger rivals that experienced growth. The total value of new contracts has dropped significantly, indicating delays in project closures. Despite this, management is optimistic about future improvements in deal momentum and operating margins. Slight enhancements were noted in operating […]
Euro gets much-needed reprieve as AI wobbles rock the dollar
The dollar is about to experience its first weekly decline in five weeks amid AI investment concerns. The euro has rebounded from a 17-month low as US yields fall. Investors are worried about the profitability of data centre operators amidst AI stock volatility. Federal Reserve Chair Kevin Warsh’s speech may influence market expectations for upcoming […]
Can Bonfiglioli Transmissions IPO deliver long-term growth for high-risk investors?
Bonfiglioli Transmissions aims to raise Rs2,534 crore through an upcoming offer for sale. The promoter group’s stake will reduce from 100% to 77% post-IPO. The company has market leadership in various sectors, including industrial automation and construction. Revenue and net profit have shown significant growth in recent years, indicating strong financial performance. Investors with a […]
HDFC Life posts 14% rise in Sept quarter profit
Value of new business (VNB) margin expanded 20 basis points to 24.7% against 24.5% a year ago. One basis point is a hundredth of a percentage point. Value of new business grew 12% to ₹2,040 crore.