Market Update

Tech Mahindra drops over 4% after Q1 earnings; brokerages maintain cautious approach, here’s why

Tech Mahindra shares fell more than 4% in early trading on July 27 on BSE, a day after the company reported Q1 2024 results. It hit a low of Rs 1097.25 per share. This stock has fallen for 5 consecutive sessions and is down 12.4%. Most brokerages downgraded Tech Mahindra Ltd and lowered their price …

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Brokerages predict gradual export recovery for Bajaj Auto but some headwinds sit in the way

Bajaj Auto performed well in the April-June quarter, but that doesn’t seem to be enough for brokers to change their stance on the automaker. While brokers expect better times for Bajaj Auto in the coming quarters, they have also reported some headwinds that could derail the automaker’s growth trajectory. Brokers have seen signs of an …

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L&T wins orders but stock trades lower ahead of Q1 earnings, buyback proposal

The company will publish its June quarter results on July 25. Hours before announcing expected first-quarter earnings for fiscal year 2024, Larsen & Toubro (L&T) trades slightly lower at the start of trading on July 25, despite orders for power transmission and distribution in India and abroad. At 10:13 a.m., Larsen & Toubro was trading …

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Tata Steel recovers early losses as Q1 earnings beat Street’s estimate

Despite the drop in Tata Steel’s first-quarter figures, the company’s revenue as well as net income still exceeded market expectations, staving off a decline in the share price. Tata Steel shares recovered their first loss on July 25 as the company’s better-than-expected earnings for the April-June quarter supported sentiment. The stock opened one percent lower, …

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Tata Motors hits 52-week high as JLR India reports record Q1 sales

Shares of Tata Motors Limited rose more than one percent to hit a 52-week high of Rs 639.50 as of 9:20 a.m. on July 25, with seven thousand shares traded on the NSE. The company’s wholly-owned subsidiary, Jaguar and Land Rover (JLR) India, reported its best-ever first quarter revenue, up 102%. The company recorded a …

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