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Indian IT stocks saw gains on Friday, led by Tech Mahindra’s better-than-expected first quarter results. Infosys and HCL Tech also advanced, with HCL Tech securing a significant seven-year deal. Wipro shares declined more than three percent after reporting weak first-quarter performance. Brokerages offered positive outlooks for Tech Mahindra, increasing target prices for the stock. The…
Veteran investor Mukul Agrawal increased his holdings in microcap NBFC Laxmi Finance and smallcap textile company Lux Industries during the June quarter of FY27, according to the latest shareholding data. The portfolio changes come as quarterly disclosures continue, with more updates on his investments likely in the coming weeks.
FIIs trimmed stakes in 268 smallcap stocks during the June quarter, with several witnessing steep CY2026 declines. The analysis highlights top laggards facing foreign investor selling pressure.
CRISIL has upgraded ratings for Vedanta Aluminium Metal and Vedanta Oil and Gas. These upgrades reflect stronger business and financial risk profiles for the demerged entities. Hindustan Zinc Ltd continues to be fully consolidated with Vedanta due to strong integration. Vedanta’s financial risk profile has improved significantly after the demerger. Ongoing exploration programs are expected…
AI chipmaker stock rallies are losing momentum as investors reassess valuations. Hyperscaler capital expenditure growth is projected to slow sharply after this year. Fund managers are rotating capital into hyperscalers and AI-benefiting sectors. Financing AI expansion faces greater scrutiny with softening bond demand. Despite volatility, long-term AI optimism remains intact for many investors.
Asian technology stocks tumbled on Friday after a sharp overnight selloff in U.S. semiconductor shares rattled investor confidence in the artificial intelligence trade.
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…