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L&T Technology Services reported a nearly 13% year-on-year profit increase for Q1 FY26. Revenue from operations also rose around 11.5% year-on-year during the same period. The company’s EBIT margin improved to 15.7% while securing significant new orders. Brokerages provided varied target prices and ratings on the stock. L&T Technology Services shares saw a gain of…
Tata Elxsi shares fell despite reporting a strong June quarter, with net profit rising 18.2% YoY to Rs 170.6 crore and revenue increasing 14.5% to Rs 1,021.1 crore. The stock declined as investors appeared unimpressed despite healthy growth in profitability and operating margins.
Indian stock markets traded higher on Wednesday, with Sensex and Nifty gaining ground. This rise followed a slowdown in US inflation, easing rate hike concerns. Asian Paints and Reliance Industries shares led the gains on the Sensex index. However, IT stocks like TCS and Infosys experienced a decline. The India VIX volatility measure saw a…
More than 100 Indian equity mutual funds doubled investors’ money over five years, but experts caution against chasing past winners. While sectors such as defence, infrastructure and PSUs delivered stellar returns, recent performance has weakened. Fund managers recommend diversified equity funds over concentrated sector bets, citing attractive valuations and long-term opportunities despite near-term market volatility.
Shares of Nuvoco Vistas surged after the cement maker reported a strong set of Q1 FY27 earnings, prompting multiple brokerages to reiterate bullish views. Analysts cited better-than-expected profitability, resilient pricing, cost discipline and capacity expansion plans as key drivers supporting further upside in the stock.
South Korea’s benchmark Kospi surged 7% on Wednesday, extending its rally for a second session as softer-than-expected US inflation data and Wall Street gains boosted risk appetite. Optimism over AI memory demand also lifted semiconductor stocks, with Samsung Electronics rising 8%, SK Hynix gaining over 13%, Hanmi Semiconductor soaring 25%, and SK Hynix ADRs jumping…
Radhika Gupta advises prioritizing domestic equity and debt before international investments. Global diversification is a necessary component after building a portfolio’s foundation. Different markets perform well at different times, necessitating international exposure. Many companies and sectors are not present in India, offering unique investment opportunities. Gupta recommends a 10-15% allocation to international assets for most…
SBI Funds Management IPO saw strong demand, with 68% subscription on day one and a 15–16% GMP. Brokerages recommend subscribing, citing market leadership, profitability, robust distribution, and attractive valuation.
Indian Gas Exchange has filed for an initial public offering. Parent Indian Energy Exchange will sell shares to comply with regulatory rules. IGX shares are expected to list on the BSE exchange. The company posted strong profit and revenue growth in fiscal 2026. Axis Capital and Motilal Oswal are managing this upcoming offering.
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