CLSA continues to identify M&M as its preferred pick in the auto sector, citing four key factors: sustained gains in the utility vehicle market driven by strong execution and an upcoming product pipeline; a resilient tractor business with Q1 volumes…
Microsoft’s $450 billion jump in market cap in a single session is higher than the market capitalization of nearly 96% of the S&P 500 constituents. It is also bigger than the combined market cap of 41 smallest companies of the…
JM Financial has also downgraded Swiggy to “sell” from its earlier rating of “reduce” with a price target of ₹250. On the flip side, Nomura has a “buy” rating on the stock.
Of the 31 analysts who have coverage on Hyundai Motor India, 25 have a “buy” rating, three each have “hold” and “sell” ratings.
Stock Market Live Updates: The Indian markets will react to the return of the AI / Chip rally after Microsoft’s historic move overnight. The Nifty has managed to stay the course despite all the bad news this week and the…
The ₹9,275-crore issue of Manipal Health Enterprises, which opened for bidding on July 29, witnessed a muted response through the second day. As of 5 pm on July 30, the IPO had been subscribed 45% overall.
Software stocks sold-off overnight as a result of the rally in chip names. Shares of Salesforce, Adobe, Accenture, Cognizant, all fell between 4% to 6% on Thursday. The US-listed Infosys ADR also fell over 5% overnight. The Indian entity has…
Amazon’s free cash flow turned negative during the quarter as a result of the massive spending spree. The street also chose to ignore the current quarter revenue guidance issued by the company, which turned out to be below expectations.
Global Health, which operates the Medanta hospital chain, reported record revenue and operating profit in the June quarter, driven by higher patient volumes and improved realisations. While net profit remained largely unchanged due to a high base that included a…
Aarti Industries reported strong June-quarter earnings, with operating profit outpacing revenue growth and EBITDA margin expanding to 16.04%. The company maintained its FY27 capital expenditure guidance of ₹700–800 crore, while pushing back key expansion projects by four to six months…