Tata Elxsi’s EBIT margin contracted 340 basis points quarter-on-quarter to 21.2%, missing the Street estimate of 22%. The margin decline was primarily driven by large deal transition costs, customer-related expenses, investments in onsite sales and delivery capabilities, higher subcontracting costs,…
Adani Ports’ targets for financial year 2031 are anchored by above-market organic domestic port growth, geared to containers and strong economics, according to the HSBC note.
While the block deal removed a long-standing overhang on the stock, brokerages remain divided on Biocon’s outlook, with Bernstein maintaining a cautious stance and DAM Capital turning more optimistic.
As of June 2026, Hero MotoCorp held a 29.5% stake in Ather Energy and is classified as part of the company’s promoter group.
India’s Mutual Funds doubled down on financial services names in the month of June, according to data from Prime Infobase, while trimming their stakes in multiple capital goods names along with other stocks. CMR Green Technologies, among the new IPOs,…
Indian rupee gains 3 paise against US dollar, supported by softer US inflation data. Crude oil prices remain a concern.
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While management commentary has become more constructive, Motilal Oswal said it would like to see a few more quarters of consistent deal conversion and execution before turning more positive on the company’s growth trajectory.
The proposed IPO will be entirely an offer for sale (OFS), with parent Indian Energy Exchange (IEX) planning to sell up to 1.67 crore shares. Since the issue does not include a fresh equity component, IGX will not receive any…
Gold and silver prices fall as weaker US inflation data boosts risk appetite, reducing Fed rate hike expectations.