Profit by knowlytics
Motilal Oswal Financial Services reported a consolidated net profit of Rs 1,273 crore for Q1 FY27. Revenue from operations jumped over 25% year-on-year to Rs 3,426 crore during the quarter. The company achieved its highest ever operating profit after tax of Rs 1,513 crore. Its asset management business profit surged 73% to Rs 245 crore….
Infosys shares fell after global brokerages turned cautious following the company’s Q1 FY27 results and a cut to the upper end of its revenue growth guidance. JPMorgan downgraded the stock, while Jefferies lowered its target price, citing weaker demand visibility despite strong deal wins and rising AI-led revenue.
Ace investor Ashish Kacholia reshuffled his portfolio in the first quarter of FY27 amid a rapidly changing geopolitical landscape.
Meesho shares fell after the company warned of slower NMV growth in the September quarter due to the rescheduling of its flagship festive sale and higher customer acquisition spending. While the outlook weighed on sentiment, the e-commerce firm narrowed its quarterly loss to Rs 133 crore from Rs 289 crore a year earlier.
Indian stock markets experienced sharp losses for a fifth straight session on Friday. Sensex and Nifty indices saw significant drops, reflecting investor concerns. Oil prices exceeding $100 per barrel and FII selling fueled the downturn. Broader markets and specific sectors also registered substantial declines. This selloff erased over Rs 3 lakh crore from market capitalization.
InterGlobe Aviation (IndiGo) reported a Q1FY27 net loss of Rs 238 crore as soaring fuel costs pushed expenses ahead of revenue growth. Despite the earnings miss, brokerages including Citi and Nuvama retained their ‘Buy’ ratings and raised target prices, citing strong yields, pricing power, disciplined capacity expansion and long-term growth prospects driven by international expansion.
Shares of HDFC Bank, Axis Bank, Kotak Mahindra Bank and Yes Bank have erased over Rs 1.5 lakh crore in market value this week following their June-quarter earnings. While investors reacted negatively to the results amid broader market weakness, brokerages say the sharp correction has made valuations more attractive, with Axis Bank emerging as a…
Manipal Health Enterprises will launch its Rs 9,275 crore IPO on July 29 with a price band of Rs 560-590 per share. The issue comprises a fresh issue of Rs 8,000 crore and an OFS worth Rs 1,275.2 crore, with proceeds primarily earmarked for debt repayment and acquiring a minority stake in Sahyadri Hospitals.
Gold prices edged lower on Friday, impacted by rising crude oil prices. Inflation concerns and higher interest rate expectations are strengthening the case for rate hikes. U.S. Treasury yields reached their highest levels since January 2025. Traders are pricing in an 81% chance of a September rate hike. Other precious metals like silver, platinum, and…
Japan’s Nikkei share average dropped more than two percent on Friday. This decline was spurred by concerns over heavy artificial intelligence spending. Google parent Alphabet’s shares sank significantly overnight, impacting global markets. Chip-related shares and technology investor SoftBank Group also experienced losses. However, shares supported by domestic demand and shippers saw some gains.