IndusInd Bank shares rose 4% in early trading on July 19 to a 52-week high of 1,443.40 rupees, helped by the bank’s strong April-June earnings. . Most brokerages also welcomed the strong financial data, which helped improve investor sentiment. As of 9:20 am, Indus India Bank was up 3.2%, trading at Rs 1,435 on the …
IndusInd Bank hits 52-week high on Q1 earnings, brokerages revise targets Read More »
Infosys’ share price rose 2% to Rs 1,445.35 at 9:20 am after the company announced that it had signed a multi-year deal with one of its strategic customers providing AI and automation services. “Infosys has signed a framework agreement with one of our existing strategic customers to provide development, modernization and maintenance services leveraging AI …
Infosys up 2%; co signs AI, automation deal with strategic client Read More »
After HDFC Bank reported stable earnings for the April-June quarter on July 17, the brokerage announced positive growth prospects for the bank. Shares of HDFC Bank also reacted positively to the optimistic growth outlook, trading at Rs 1,697.55 on the National Stock Exchange as of 9:18 am, up 1.1% from the previous close. The company …
Brokerages bullish on HDFC Bank post steady Q1 earnings Read More »
SoftBank has sold another 2 percent stake in Paytm`s parent One97 Communications Ltd, its biggest listed investment in India, over the past month via open market operations, generating about $300 million, in another instance of the Japanese investor monetising its bets in the country, its third-largest investment destination amid a funding drought. SoftBank has been …
SoftBank offloads another 2% stake in Paytm for $250-300 million Read More »
Just Dial Ltd reported a profit of Rs.83.4 million for the quarter ended June 2024, compared with a loss of Rs.48.4 million in the same period last year, on the back of strong operating results and strong sales. Just Dial Ltd’s share price rose 3% to Rs 858.55 as of 9:20am on 13th July after …
Shares of Just Dial Ltd gains 3% post Q1 results Read More »
Avenue Supermart shares fell 1% in early trading on July 17 after the company reported a 140-basis-point decline in its EBITDA margin for the June quarter. The EBITDA margin for the April-June quarter was 8.9%, down 140 basis points from a year ago, the company said. Neville Noronha, Chief Executive Officer and Managing Director of …
DMart shares open 1% lower after margins fall in Q1 Read More »
The Indian market continued its record rally, rising for the third straight month on improved domestic and global data. Continued buying from the FII, a well-developed monsoon and good quarterly earnings also supported the gains in the week to 14-Jul. In this week’s trading, 30-pack Sensex rose 1.19% (780.45 points) to close at 66,060.90, while …
Market gains for third consecutive week; rupee gains against dollar Read More »
The July 14th midnight rise played a key role in helping the benchmark Nifty 50 close above 19,500 for the first time as it broke through the recent trading range (19,300-19,500) with a low call of 19,500. accomplished. The index held high throughout the session, largely aided by IT bulls, but volatility fell to near-historical …
Many brokerages maintained their stock ratings and price targets after June’s quarterly results. Federal Bank Limited shares were flat on July 14 after the company announced weak June 2023 quarterly results, with many brokerages maintaining their stock ratings and price targets. On the BSE, the shares were trading at 127 rupees, up 0.04% from the …
Brokerages maintain buy rating on Federal Bank post June quarter earnings Read More »
Wipro First Quarter Results: Net Profit increased 12% year-on-year to Rs 287 billion, lower than expected Quarterly sales increased 6% year-on-year to Rs 2,283.1 billion, below the forecast of Rs 2,301.4 billion compared to Rs 2,152.8 billion in the first quarter of FY23. Meanwhile, shares of Wipro on July 13 closed 0.70 percent higher at …
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