Category: Business News & Economy

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Vertiv shares fell 14% in premarket trading after second-quarter revenue missed estimates despite strong profit growth. The AI data centre equipment maker cited project timing and supply chain issues, while raising full-year guidance amid sustained global demand and expanding capacity.

Karnataka Bank reported a 43% year-on-year rise in Q1 net profit to Rs 419 crore, driven by stronger business growth, improved asset quality and lower provisions. Net interest income, operating profit and margins increased, while advances and deposits posted healthy year-on-year growth.

Zerodha co-founder Nithin Kamath warned that rapid growth in margin trading funding could amplify market downturns, especially in small- and mid-cap stocks. He cautioned that forced selling, liquidity constraints and rising leverage may intensify losses despite SEBI’s safeguards.

Legendary investor Lou Simpson emphasised that management quality is central to long-term investing success. Effective leaders allocate capital wisely, execute strategy, uphold governance and create shareholder value, while poor leadership can erode competitive advantages and weaken even fundamentally strong businesses.

Six BSE Commodities Index stocks touched fresh 52-week highs as Sensex surged 972 points. Oriental Aromatics, Lloyds Metals, Tanfac Industries, Sudeep Pharma, Yasho Industries and Pidilite Industries gained on sustained buying interest, signalling strong investor confidence and bullish market momentum.

Indian benchmark indices rallied over 1% as Sensex climbed 889 points and Nifty crossed 24,250, adding Rs 4 lakh crore in market value. Strong IIP data, optimism over FII inflows and gains in IT and metal stocks outweighed rising geopolitical tensions and oil prices.

Dabur India reported a 15% rise in Q1 consolidated net profit to Rs 591 crore, driven by price hikes, cost efficiencies and broad-based FMCG growth. Revenue rose 11%, rural demand outpaced urban markets, while international business and premium brands delivered strong momentum.

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…

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