Category: Business News & Economy

Reliance Power shares rose sharply on Wednesday, snapping a four-day losing streak after the company announced plans to expand into artificial intelligence and technology-driven businesses through its subsidiaries. The company renamed four subsidiaries to reflect the AI-focused strategy, boosting investor sentiment despite weak recent financial performance.

Bloom Energy shares jumped over 20% after Brookfield Asset Management expanded its financing commitment to $25 billion, boosting optimism over AI-driven data centre power demand and infrastructure growth.

KPIT Technologies shares plunged 17% after the company warned of a revenue drop in Q1 FY27, citing unexpected actions from European automakers. While short-term performance is expected to be weak, KPIT remains optimistic about long-term growth driven by outsourcing and automation. The company anticipates a strong rebound in the second half of FY27, building a…

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…

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.

Advit Jewels shares made a strong stock market debut, listing at a 37% premium to the IPO price before trimming gains. While analysts remain positive on the company’s growth prospects and improving financials, they advise fresh investors to wait for more earnings visibility amid risks linked to commodity prices and business concentration.

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…