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Adani Green Energy shares fell on Thursday despite reporting a strong Q1 FY27 performance, with consolidated net profit rising 19% year-on-year to Rs 845 crore and revenue increasing 16% to Rs 4,663 crore. Revenue from power supply jumped 29%, supported by robust operational performance and a 27% increase in operational capacity to 20,142 MW.
Speculation about a Tesla and SpaceX merger has intensified recently. Elon Musk did not rule out combining his companies during an earnings call. Investors see a stronger case for integrating these technology powerhouses. Existing collaborations already span batteries and AI chip development. However, significant regulatory and governance hurdles remain for any potential deal.
South Korea’s GDP expanded 0.6% in the second quarter. Robust semiconductor exports offset weakness in construction investment, reinforcing optimism for the technology sector. The Bank of Korea expects annual growth around three percent this year. Further interest rate hikes are anticipated due to elevated inflation and growth. This data supports sentiment towards South Korean export-oriented…
Wellington Management, Vanguard and Blackstone have launched two investment funds combining public and private market assets, aimed at high-net-worth and mass-affluent investors. The products, initially available through Bank of America and Merrill, reflect the industry’s push to expand access to alternative investments beyond institutional clients.
CME Group shares surged after reporting strong second-quarter earnings which exceeded analyst estimates. Resilient hedging demand and increased equity index trading volumes fueled this positive financial performance. Despite softer trading in some areas, the company’s data services business also showed significant revenue growth. Investor concerns about perpetual futures persist, though some analysts see long-term insignificance….
Based on the current GMP, the company’s shares are estimated to list at around Rs 670 per share, compared with the upper issue price of Rs 485. However, investors should note that the grey market is unofficial, and GMP is only an indicator of investor sentiment, not a guarantee of listing gains.
The IPO is entirely an Offer for Sale (OFS) comprising more than 2.59 crore equity shares, which means the proceeds will go to the existing shareholders, while the company itself will not receive any funds from the offering.
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Oracle Financial Services Software shares rose 5% on Thursday. The company reported a 121% year-on-year net income increase. Revenue from operations also saw a substantial 69% jump. New agreements with major global financial institutions were highlighted. Management attributed success to AI-first strategy and product modernization.
Leading brokerage firms have identified twelve Indian stocks for investment. Goldman Sachs favors Reliance Industries and Adani Power among others. InCred Equities sees significant upside in APAR Industries and CONCOR. Axis Bank has also recommended Chalet Hotels and Ujjivan Small Finance Bank. These selections offer potential growth opportunities for investors in the current market.