Despite concerns over lousy earnings, large technology-related firms are on track to increase their combined profits to $315bn by 2023, which is almost double their pre-pandemic earnings in 2019. This growth rate could justify the stock market’s surge despite the current economic climate.
Cochin Shipyard shares tumble 8% as Q2 profit falls 50% YoY despite revenue growth
Cochin Shipyard shares fell sharply on Wednesday after the company reported a nearly 50% year-on-year decline in Q2 FY27 net profit to Rs 54 crore.