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HFCL shares have surged over 250% in six months, but Deven Choksey Research believes the rally is far from over. The brokerage initiated coverage with a Buy rating and a target price of Rs 362, citing defence, aerospace and AI-driven optical connectivity as the company’s next major growth engines.
Carnelian Asset Management & Advisors, founded by market veteran Vikas Khemani, received SEBI approval to launch its mutual fund business. The move will allow the firm to offer active and passive investment products across equity, debt and hybrid categories, expanding its presence beyond PMS, AIFs and offshore strategies.
Singapore launched a green government infrastructure bond offering to raise between S$2.1 billion and S$2.6 billion for funding long-term sustainable infrastructure projects. The 20-year bond, maturing in 2046, will finance eligible green expenditures under the country’s green bond framework and include allocations for both retail and institutional investors.
South Korean stocks surged on Wednesday, with the KOSPI jumping over 6% as semiconductor heavyweights led a broad-based rally. Renewed optimism around artificial intelligence stocks, strong foreign buying and gains in automakers and battery makers lifted sentiment, while investors awaited earnings from major global technology companies.
Tesla’s Q2 results are expected to be driven by AI updates, Robotaxi progress and margins, with investors also tracking earnings, free cash flow and management’s outlook for the second half.
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Bandhan Bank shares hit the 15% lower circuit despite a 35% jump in Q1 profit, as investors focused on the lender’s sharp cut to its FY27 RoA guidance. Brokerages remained divided, with concerns over margin pressure and funding costs overshadowing stronger earnings and improved asset quality.
Nestle India Q1 Results: The company’s revenue from operations for the quarter under review stood at Rs 6,378 crore, marking a 25% year-on-year (YoY) increase from Rs 5,096 crore, Nestle said in a regulatory filing.
MedPlus Health Services shares tumbled after the company reported a weaker-than-expected Q1FY27. Despite healthy 21.9% revenue growth to ₹1,880 crore, investors were disappointed by the profitability miss. Brokerage Nomura maintained its ‘Buy’ rating, highlighting MedPlus’ long-term growth potential driven by its store expansion strategy.
AI-focused cloud provider E2E Networks hit the upper circuit after reporting a sharp turnaround in Q1FY27, posting a net profit of Rs 44 crore against a year-ago loss. Revenue more than quadrupled, while EBITDA and margins surged, driven by strong demand for AI infrastructure and expanded GPU deployment.