Kalyan Jewellers shares soar over 6% as 38% YoY revenue jump in Q1 update
Kalyan Jewellers shares rose sharply on Wednesday after the company reported an estimated 38% year-on-year growth in consolidated Q1 revenue, driven by robust demand in India and strong same-store sales. Its international business and digital jewellery platform Candere also posted healthy growth, despite the seasonal impact of Adhik Maas.
Info Edge shares rally 19% in 2 days after Q1 update. Here’s what Nomura, Goldman Sachs, other brokerages say
Info Edge shares surged significantly after releasing its Q1 FY27 business update. The company reported a 14% increase in standalone billings for the quarter. Brokerages like Nomura and Goldman Sachs issued bullish calls and raised target prices. Naukri and 99acres showed strong billings growth during this period. This positive performance led to a substantial rise […]
RCF shares jump 3% after board approves Rs 1,500 crore FPO
RCF shares witnessed an uptick on Wednesday after the state-owned fertiliser maker’s board approved raising up to Rs 1,500 crore through a further public offering (FPO). The proposal, aimed at issuing fresh equity shares, is subject to approvals from shareholders, the Department of Fertilizers, the Government of India and DIPAM.
South Indian Bank shares tumble 9% after four-day rise; RBI clears Mahesh Pai as MD & CEO
South Indian Bank shares fell sharply on Wednesday, snapping a four-session winning streak as investors booked profits after a sharp three-month rally. Meanwhile, the RBI approved the appointment of Mahesh Muralidhar Pai as the bank’s Managing Director and CEO for a three-year term, effective October 1, 2026, subject to further approvals.
Smallcap aerospace stock jumps 17% after earning two bullish brokerage calls
Aequs shares surged significantly on Wednesday, driven by positive brokerage reports. Analysts issued bullish calls, projecting substantial upside potential for the stock. The company is India’s sole vertically integrated precision aerospace manufacturer.
Global Market: Japan weighs revised monetary policy language in economic blueprint to reinforce BOJ independence
Japan’s government is considering revising the language in its economic policy blueprint. This move aims to underscore the Bank of Japan’s independence in monetary policy, and the revised draft highlights the central bank’s role in achieving stable inflation. This reassures markets about policy coordination without undermining central bank autonomy. Investors will monitor the final blueprint […]
Global Market: South Korea steps up market monitoring as chip-driven volatility rattles stocks
South Korean economic officials will closely monitor factors causing market volatility. Sharp swings in chip shares have unsettled investors and caused market fluctuations. Increased profit-taking and global AI expectations contributed to the heightened market volatility.
PC Jeweller jumps 6% after repaying 2 consortium banks; eyes debt-free status by Q2 FY27
PC Jeweller shares climbed 6.5% after the company said it had repaid all outstanding debt owed to two of its 14 consortium banks under a September 2024 settlement agreement. Calling it a key milestone in its turnaround, the jeweller said it expects to clear the remaining debt and achieve debt-free status during the current quarter, […]
Japan’s Nikkei falls in volatile trade as tech tracks Nasdaq selloff
Japan’s Nikkei share average declined in choppy trade on Wednesday. Technology stocks faced pressure after overnight losses on the Nasdaq index. Investors showed caution regarding the durability of the AI-driven market rally. This sentiment followed Samsung Electronics’ earnings which did not meet elevated expectations. Some domestic demand-sensitive shares and memory chip makers saw gains.
Cochin Shipyard shares dip 2% as govt’s OFS opens for retail investors today
Cochin Shipyard shares fell over 2% as the Centre’s OFS opens for retail investors after the non-retail portion was subscribed 3.52 times. The government plans to sell up to a 5.04% stake, potentially raising around Rs 1,800 crore. The stock has delivered multibagger long-term returns despite recent weakness, with shares down over 29% in the […]