Page 19 - The Smart Investor News

KPIT Tech cracks 15% on Q1 earnings warning; stock down 57% from 52-wk high

As per the Q1FY27 business outlook, KPIT Technologies indicated a further deterioration in business momentum versus start of the quarter.

Poor listing! Waterways Leisure Tourism shares debut 15% below IPO price

Waterways Leisure Tourism operates Cordelia Cruises, India's domestic ocean cruise brand, offering luxury cruise experiences across domestic and international destinations.

Advit Jewels shares list at 37% premium; should you book profit or hold?

Advit Jewels shares kickstarted their maiden trading session at ₹188.90 apiece on the NSE, reflecting a premium of ₹50.90 per share, or 36.88 per cent, over the issue price of ₹138 per share

Laurus Labs zooms 53% in Q1FY27; logs sharpest quarterly rally in 5 years

Sustained clinical and commercial contracting across technologies and sites driving good growth outlook for CDMO business, the company said.

Thangamayil Jewellery zooms 52% in June; what's driving stock price?

Thangamayil Jewellery share price hit a new high of ₹6,393.55 in intra-day deals on Tuesday, and has appreciated 105% from its March low of ₹3,119.35.

Vedanta Iron & Steel zooms 10%, up 70% since listing; time to book profit?

Vedanta Iron and Steel shares listed at ₹20 on the NSE and ₹22.25 on the BSE on June 15. It was one of the four companies demerged from Vedanta Limited and listed as a separate entity.

Textile stocks Arvind, S P Apparels surge up to 13%; log 52-week highs

The proposed UK and EU free trade agreements (FTAs) are expected to improve the competitiveness of Indian textile export, believe analysts.

Nifty IT sinks 2% to 3-year low; TCS, Infosys, HCL Tech, LTM hit 52-wk lows

As per data, the Nifty IT Index has corrected nearly 42 per cent from its all-time high of 46,089, recorded in December 2024, and is now trading close to its April 2023 lows.

Swiggy hits new all-time low, down 8% in June; JM Financial lowers target

Analysts at JM Financial believe that 1QFY27 will reinforce the widening divergence between Blinkit and Instamart, with the former likely to outperform; they lowered target price on Swiggy to ₹250.

Delhi EV Policy impact: Auto stocks skid; Eicher dips 7%, Ather at new high

Delhi EV Policy Impact: Bharat Forge, Hero MotoCorp, Bajaj Auto, Uno Minda, Sona BLW Precision Forgings and Samvardhana Motherson International were down in the range of 1 per cent to 5 per cent.

Jagsonpal Pharma rallies 14% on acquisition update; time to book profit?

Jagsonpal Pharmaceuticals has entered into a definitive agreement to acquire an 85 per cent equity stake in Aequitas Healthcare

Motilal Oswal sector of the week: Healthcare; Max, Global Health top picks

Indian healthcare sector remains well positioned for sustained long-term growth, supported by structural demand, expanding hospital infra, higher healthcare spends, and favourable demographic trends.

Turtlemint Fintech lists at 11% discount; should you exit or accumulate?

Turtlemint Fintech shares listed at ₹134.90 apiece on the NSE and ₹136.20 on the BSE, against the issue price of ₹152 per share

Welspun Corp stock zooms 111% from February low; here's why

The medium to long term business outlook for Welspun Corp continues to remain positive across all its businesses, supported by strong focus on Oil & Gas, energy security and transition initiatives.

Trent stock shines in subdued market, up 3%; should you buy, hold or sell?

In the past month, Trent outperformed the market by surging 17 per cent, as compared to 2 per cent rise in the Nifty 50.

Aurobindo Pharma nears all-time high, up 30% in 4 months; more upside left?

Aurobindo Pharma stock hit a 52-week high at ₹1,585, and quoted close to its record high of ₹1,592 hit in September 2024. HDFC Securities maintains 'Add' rating on the stock.

Astral falls 7% on chemicals business demerger announcement; time to buy?

Astral demerger: Notably, the company informed the exchanges that its board has approved a scheme to demerge its chemicals business into a separately listed company.

Persistent crashes 9%, hits 52-week low; what's making Street nervous?

Persistent announced the acquisition of German digital engineering firm Nagarro SE through a voluntary public takeover offer at €81/share in cash, implying an EV of €1.27 billion.

Larsen & Toubro gains 2%, rallies 11% in two weeks; what's driving stock?

Looking ahead, L&T's management expects sustained demand across infrastructure, hydrocarbon, renewables, power T&D, power capabilities and water treatment in both domestic and international.

Sterlite Tech hits 5% upper circuit on QIP launch; zooms 495% in 6 months

Sterlite Technologies plans to raise up to ₹1,500 crore through the QIP route. Recently, Bandhan Mutual Fund sold 1.82 million equity shares of STL in open market trade.