Category: Business News & Economy

Citigroup has downgraded South Korea to neutral after a year-long overweight stance, citing heightened volatility in AI-linked chip stocks and stretched valuations. While remaining positive on the long-term AI theme, the brokerage retained an overweight rating on Taiwan and upgraded China, signalling a shift in emerging market positioning.

The artificial intelligence boom has propelled Dutch chip equipment maker ASML to become Europe’s most valuable listed technology company, with investors increasingly betting it could become the continent’s first trillion-dollar company. Strong AI-driven demand, a dominant position in advanced chipmaking equipment and bullish analyst forecasts have fuelled optimism, although geopolitical risks and sustained AI spending…

Big Tech earnings from Alphabet, Tesla and Intel will test the AI rally as investors assess cloud growth, chip demand, capital spending, guidance and macro risks amid geopolitical tensions and rate uncertainty.

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BHEL shares recently hit a 52-week high, but brokerages see more upside after the Maharatna PSU posted its first June-quarter profit in eight years. Strong execution, a robust Rs 2.6 lakh crore order book and improving margins have prompted ICICI Securities and JM Financial to reiterate their bullish outlook on the stock.

Tips Music shares jumped up to 11% after the company announced that its board will consider a proposal to buy back equity shares alongside approving its June quarter results on July 22. The announcement comes after the music label delivered strong FY26 earnings growth and continued to expand its music catalogue and digital audience.

VA Tech Wabag shares rose after announcing a significant order from BWSSB. The company will develop two energy-efficient wastewater treatment facilities in Bengaluru. This large order strengthens its position in India’s municipal wastewater sector. The projects will enhance sewage treatment capacity and water security goals. VA Tech Wabag’s stock has shown strong performance over recent…

PC Jeweller shares jumped about 6% after its board approved raising up to Rs 1,000 crore through a QIP, nearly reversing Friday’s losses. The rebound also comes amid strong Q1 revenue growth and the company’s progress toward becoming debt-free.

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…