Profit by knowlytics
Uncover the latest corporate headlines, economic policies, macro-level market updates, and industry developments shaping Indian and global markets on FinSiddhi.
Shares of Eternal climbed 3% after its Q1FY27 earnings, with brokerages reaffirming bullish views on the stock. JPMorgan, CLSA, Jefferies, Nomura, Motilal Oswal and Emkay retained positive ratings, citing accelerating growth in food delivery and Blinkit, improving quick commerce profitability, stronger margin guidance and management’s confidence that competitive intensity has become more predictable.
IndusInd Bank shares fell despite reporting a 72% year-on-year jump in Q1 FY27 net profit to Rs 1,037 crore and brokerages raising target prices. Investors remained cautious as net interest income stayed largely flat at Rs 4,685 crore. The lender’s profitability was supported by an improvement in net interest margin to 3.57%.
Indian stock markets extended losses for a fourth session on Thursday. Sensex and Nifty declined as oil prices surged following US strikes on Iran. Broader market indices also saw a downward trend, with several sectors opening in the red. Escalating tensions pushed Brent crude futures above ninety-six dollars per barrel. This situation presents opportunities for…
Sotefin Bharat is set to debut on the BSE SME platform on July 23, with grey market premium (GMP) trends indicating a largely flat listing. Despite subdued GMP, the Rs 89.76-crore IPO was subscribed 3.78 times overall, backed by healthy participation across investor categories. The company plans to use the IPO proceeds to expand manufacturing…
IBM reduced its annual revenue growth forecast on Wednesday. The company also missed profit and revenue expectations for the second quarter. This shift occurred as corporate spending moved towards AI data-center gear. IBM’s Z mainframe revenue slumped significantly, impacting overall infrastructure performance. Executives reassured shareholders about long-term mainframe demand despite current challenges.
Infosys is expected to post double-digit growth in revenue and profit for Q1FY27, aided by seasonal factors and acquisitions. However, brokerages remain divided on whether the IT major will raise or trim its FY27 revenue growth guidance amid macro uncertainty, weak discretionary spending and AI-led pricing pressure.
South Korea’s Kospi surged 4% on Thursday, extending gains for a third straight session, as stronger-than-expected economic growth and robust AI spending plans from US tech giants boosted chip stocks. Samsung Electronics and SK Hynix climbed up to 6%, driving the benchmark higher after GDP expanded 0.6% in the April-June quarter, beating forecasts.
Oracle Financial Services Software reported a 121% net income rise to Rs 1,416 crore. Revenue from operations increased 69% year-on-year to Rs 3,125 crore. The company secured new agreements with major U.S. and Mexican financial institutions. Oracle’s products business saw a 75% revenue increase during the quarter. Management attributed the success to its AI-first strategy…
On July 22, four stocks in the Nifty500 pack rallied more than 1% above their Volume Weighted Average Price (VWAP), according to StockEdge’s technical scan data. Trading above the VWAP is widely regarded as a bullish technical signal, reflecting strong buying interest and indicating the potential for further upside.
Four stocks from the Nifty500 segment that gained over 2% featured in the RSI Trending Up scan on July 22 after showing improving momentum. The RSI moved above the 50 mark from lower levels, signalling strengthening price action, improving sentiment and potential short-term buying opportunities for traders tracking bullish technical setups.