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European shares slipped as weak semiconductor earnings and renewed concerns over AI spending weighed on technology stocks. Energy shares gained as Middle East tensions lifted oil prices, while investors awaited the ECB’s policy decision.
BNP Paribas reported a better-than-expected 33% rise in second-quarter net profit to €4.35 billion, driven by strong equity trading, a recovery in retail banking and gains from its revamped insurance partnership with Ageas.
Gandhar Oil Refinery hit the 20% upper circuit after reporting a 689% year-on-year jump in Q1 net profit, triggering a rally in peers Savita Oil and Panama Petrochem. Strong demand across PHPO, PIO and lubricants, along with expanding exports and higher-margin products, boosted investor sentiment.
NTPC Green Energy shares rose sharply on Thursday after the company reported strong Q1 FY27 earnings, with net profit rising 38% and revenue surging 63% year-on-year. Investor sentiment was further boosted by the board’s approval to increase its stake in a joint venture, strengthening its renewable energy portfolio.
Cipla Q1 Results: Pharma major Cipla reported a 39% year-on-year decline in Q1FY27 consolidated net profit to Rs 789 crore, mainly due to a high base, while revenue from operations rose a modest 2.3% to Rs 7,119 crore. The company’s EBITDA also declined, with margins contracting sharply compared with the year-ago quarter.
Hyundai Motor reported a significant profit drop in the second quarter. Weaker vehicle sales and production disruptions impacted the company’s earnings. Higher costs and a competitive market also presented challenges for Hyundai. The automaker is investing in robotics and software-defined vehicles for future growth. Hyundai shares saw a slight increase following the earnings announcement.
HDFC Bank shares have fallen nearly 10% in four sessions since its Q1 FY27 results despite reporting steady earnings growth. Brokerages remain bullish, citing improving margins, healthy loan growth, lower credit costs and attractive valuations, with target prices implying upside potential of up to 40% from current levels.
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…
Nokia reported stronger second-quarter earnings, surpassing analyst expectations significantly. Robust demand from artificial intelligence and cloud customers fueled this positive financial performance. The company’s sales to AI and cloud clients doubled, securing substantial new orders. Despite rising chip costs, Nokia raised its 2026 profit guidance. This outlook reflects sustained momentum from infrastructure investments.