Heena Ojha
Heena Ojha
Avenue Supermarts reported an increase of 8.5 per cent in consolidated net profit at ₹742.98 crore for the September quarter, on a year-on-year basis.
Foreign selling and a weak rupee add pressure, and domestic SIP flows cannot absorb everything indefinitely.
TCS reported a net profit of ₹13,884 crore for Q2FY27, up 14.9 per cent year-on-year from ₹12,075 crore in Q2FY26. Revenue for the company grew 11.2 per cent in reported terms at ₹73,188 crore
Jefferies expects companies in its coverage universe, excluding oil and gas, metals and financials, to post 17 per cent year-on-year revenue growth in the quarter.
RBI's MPC hiked the repo rate by 25 basis points to 5.5 per cent from 5.25 per cent.
The Reserve Bank of India's Monetary Policy Committee unanimously hiked the repo rate by 25 basis points to 5.5 per cent from 5.25 per cent.
Titan's jewellery sales grew 21 per cent, below the Nomura's expectation of around 25 per cent.
Jio Platforms Ltd. is likely to seek a valuation of about ₹11 trillion ($114 billion) in its planned initial public offering.
The pipeline includes several large-ticket offerings that could keep the primary market busy in H2FY27, including Jio Platform and OYO
The sell-off was driven by high US bond yields, a strong dollar, FPI outflows, crude oil concerns and weakening domestic growth signals.
MOFSL's bullish nod came as Aster DM recently merged with Quality Care India, with the brokerage firm noting that, the Aster DM Healthcare-QCIL merger creates one of India's largest hospital platforms
18 of the 50 Nifty stocks are trading more than 20 per cent below their respective 52-week highs, with a market cap erosion of ₹31.35 lakh crore in the same period.
Brokerage firm Emkay, among others, initiated coverage on NSE with a 'Buy' rating and an estimated target price of ₹2,050.
Market data showed NSE's grey-market premium weakening sharply during the IPO period. The premium had fallen to around 2 per cent from a peak of about 20 per cent during the bidding.
On a three-to-five-year view, NSE is the better play. It earned ₹3,122 crore in Q1FY27, over 3.5 times BSE's ₹873 crore.
The ₹22,562-crore IPO received bids for 50.58 crore shares against 8.86 crore shares on offer, resulting in an overall subscription of 5.71 times.
The brokerage attributed OINL's stronger stock performance in part to the broader preference for mid-cap stocks over large-caps.
Brokerage firm Emkay said, about a year after listing, Tata Capital continues to impress with its execution, with growth, asset quality, credit costs, and profitability broadly tracking guidance
Jefferies expects Adani Energy Solutions to deliver double-digit growth over the medium term.
Tata Sons cleared N. Chandrasekaran's five-year reappointment and its proposed listing. Tata Trusts has opposed both the reappointment and listing, citing the Trusts' public-purpose role in the group.