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Track key corporate news, quarterly earnings summaries, startup funding updates, executive movements, and major company announcements across leading industries.
KPIT Technologies shares plunged after the company issued a weak preliminary Q1 FY27 business update, prompting several brokerages, including JPMorgan and JM Financial, to downgrade the stock and cut target prices. While analysts remain optimistic about the company’s long-term prospects, they expect near-term earnings and growth to remain under pressure.
India’s government secured a significant $2 billion from stake sales in state-run companies last quarter, a rare positive for the subdued capital market. This substantial divestment, primarily from Coal India and NHPC, provided a crucial boost to non-tax revenue amidst global market volatility and geopolitical concerns. The move highlights the government’s strategy to bolster finances…
Jefferies has initiated coverage on MCX with a Buy rating and a target price of Rs 3,600, implying 27% upside. The brokerage expects strong earnings growth, driven by rising retail participation in commodity derivatives, new product launches, and multiple growth catalysts, while highlighting the exchange’s near-monopoly position in non-agri contracts.
CarTrade Tech shares rose after Nomura reiterated its ‘Buy’ rating and raised its target price, citing stronger growth prospects for OLX. The brokerage expects artificial intelligence-led monetisation, new revenue streams, expanding margins and rising adoption of financing, escrow and logistics services to support long-term earnings growth.
KPIT Technologies shares dropped to a fresh 52-week low on Wednesday after the company warned of weaker-than-expected Q1 FY27 revenue and margin performance due to a sudden slowdown in orders from European automakers. Technical analysts caution that the stock remains under pressure, with key support seen around the Rs 550 level.
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…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…