Q1 Results LIVE Updates; Trent, Britannia, Lupin, Samvardhana Motherson, Apollo Tyres, Blue Star, Premier Energies, HCC, NCC, PG Electroplast, Emcure Pharma, Firstsource Solutions are some of the many companies that will be reporting their results during the course of Thursday’s…
At the upper end of the price band, the IPO values Milky Mist Dairy Food at around ₹10,778 crore, a little over half the market capitalisation of listed peer Hatsun Agro Product.
SpaceX shares plunged 14% despite posting robust earnings, as investors braced for roughly $101 billion worth of stock to become tradeable on Thursday, adding to the gloom around chip-related names after Sandisk and Western Digital results.
While Nvidia kept the Dow Jones in the green on Wednesday, shares of Alphabet, AMD, and other chipmakers kept the gains in check and also put the S&P 500 and the Nasdaq under pressure.
One chart analyst sees echoes of the dot-com bubble in the S&P 500’s latest run-up, as the index has had a sharp surge often seen at major market tops.
A more attractive risk/reward opportunity may be emerging for long-term investors in the software stock.
Kirloskar Ferrous Industries reported a sharp fall in June-quarter profit after booking a one-time expense related to its ISMT merger. Excluding the exceptional item, the company’s core operating performance improved, with revenue and pre-tax profit before exceptional items both rising.
State-run Power Grid Corporation of India reported June-quarter revenue growth, while profit remained largely steady year-on-year. Separately, the company approved a ₹856.94 crore investment for a transmission project to be executed under additional capital expenditure.
Q1 earnings for Britannia, Apollo Tyres, Blue Star, and others are due August 6. US markets rallied on strong earnings. US economic data, including jobless claims, is expected. FIIs sold, DIIs bought
Bikaji Foods reported 12.5% revenue growth in the June quarter, driven by strong demand for ethnic and western snacks. However, higher input costs weighed on profitability, leaving net profit largely unchanged despite improved gross margins.