Jio leverage play pops up at SBI as India brokers lure IPO bets
SBI Securities has launched an exciting financing option for the highly anticipated IPO of Jio Platforms Ltd. Investors can secure up to 60% funding for their subscriptions, with the IPO set to open for bids on October 21. The impressive demand already seen indicates a surge in interest, prompting several brokerages to engage new clients. […]
HPCL Q2 Results: Profit slips 6% YoY to Rs 3,625 crore, revenue jumps 26%
HPCL reported Q2FY27 net profit of Rs 3,625 crore, recovering from a previous-quarter loss. Revenue rose 26.1% year-on-year, refining margins surged, fuel sales increased, and investments advanced infrastructure expansion, innovation, and green energy initiatives.
Yes Bank unlikely to pay AT1 bond coupons despite bond holders demand, sources say
Yes Bank has announced potential non-payment of coupons on additional tier-1 bonds this fiscal year following a Supreme Court decision that annulled the previous write-off of these bonds. Bondholders are advocating for repayment based on the court’s ruling, which emphasizes unsettled dues. Nonetheless, Yes Bank maintains it has ultimate authority over coupon payments, raising concerns […]
Anthropic IPO stands alone as AI market jitters sideline others
Anthropic plans to move forward with its initial public offering next month, navigating a challenging IPO landscape. While many companies in the AI field have delayed their public listings due to fluctuating interest rates and significant market instabilities, investors still see potential in Anthropic as a leading tech contender. Concerns are arising from the recent […]
Michael Burry bets against these 4 AI stocks, one of which rallied 190% YTD. Will his AI bubble warnings come true?
Michael Burry is betting against Nvidia, Palantir, Tesla and Micron amid concerns over AI valuations, chip depreciation and memory supply cycles. His warnings about a potential AI bubble have intensified as investors weigh surging stock prices against heavy AI spending and future revenue prospects.
Neocloud short sellers rack up $6 billion as AI debt fears deepen
Short sellers betting against US neocloud and data centre companies have made about $6 billion in paper profits this month as AI debt fears trigger a sharp selloff. CoreWeave, Nebius, IREN, Applied Digital and Core Scientific face heavy short interest, highlighting growing concerns over debt-fuelled AI infrastructure spending.
IGI shares hit 10% upper circuit as Q2 profit jumps 43%, revenue rises 31% YoY
International Gemological Institute shares hit the 10% upper circuit after Q2 FY27 revenue rose 31% and profit surged 43% year on year. Growth was supported by lab-grown diamonds, stronger margins and rising demand across jewellery and coloured gemstones.
Swiggy shares slide over 5% ahead of Q2 results. What are analysts saying?
Swiggy shares fell ahead of its Q2 FY27 results as investors assessed its path to profitability. Anand Rathi upgraded the stock to Buy, while rival Eternal reported strong earnings growth, supported by food delivery and quick commerce.
Adani Green Energy shares fall 4% after Q2 results. What are Jefferies, JM Financial saying?
Adani Green Energy reported a 15% year-on-year rise in Q2FY27 net profit to Rs 673 crore, while revenue grew 39% to Rs 4,520 crore. Shares fell 4% after the results. Jefferies maintained its Buy rating, while JM Financial retained Add, citing growth opportunities and operational challenges.
IHCL shares rise 3% as firm raises FY27 guidance. What Jefferies, other brokerages are saying?
IHCL reported a 22% year-on-year rise in Q2FY27 revenue to Rs 2,484 crore and a 23% increase in net profit to Rs 349.49 crore. The hotel major raised its FY27 revenue growth guidance to 15-17%. Jefferies, Nomura and Nuvama shared their latest ratings and target prices.