Multiple corporate actions are lined up this week — including record dates for dividends, rights issues, and bonus shares. Nearly three dozen companies will be involved, including Nifty stocks like Titan, JSW Steel, and Sun Pharmaceuticals. Here’s what all is scheduled: Monday, July 7 It will be ex-date and record date for — Dodla Dairy: … Read more
Accenture shares fell 11% on Friday, hitting the day’s low of $273.19, notwithstanding a revenue beat for third quarter driven by growing demand for the consulting giant’s AI-driven services from enterprise customers. It reported revenue of $17.7 billion for the quarter ended May 31, compared with analysts’ average estimate of $17.30 billion, Reuters reported, citing … Read more
The fourth quarter earnings season is picking up momentum and on Thursday as many as 38 companies will announce their quarterly numbers. Key earnings to watch out include from HUL, Axis Bank, Nestle, SBI Life, Tech Mahindra, Persistent, Mphasis and LTTS. Tech Mahindra Q4 expectations For Tech Mahindra, fourth quarter profit growth will be strong … Read more
Mumbai: Information technology (IT) stocks were the biggest gainers in Wednesday’s trading, after HCL Technologies‘ stronger-than-expected earnings outlook prompted traders to cover some of their bearish bets that were initiated after earnings announcements of its larger peers –TCS and Infosys. The Nifty IT index shot up 4.3% – posting its biggest single-day gain in 10 … Read more
Information technology stocks tumbled up to 6% on Thursday, dragged lower by Wipro’s disappointing earnings and downbeat revenue outlook for the April-to-June quarter, triggering a broad selloff across the sector. Shares of Wipro plunged 5.7% after the company missed fourth-quarter revenue estimates and warned of a 1.5% to 3.5% decline in revenue for the current … Read more
Midcap stocks got hammered through February falling by as much as 30% as investors scurried to book profits or cut losses. The low-key sentiments on D-Street were on account of both the global and local factors. While Donald Trump’s threats on reciprocal tariffs and fears of US economic slowdown weighed on the markets, nearly a … Read more
Sustained selling pressure from foreign investors, muted second quarter earnings expectations, and elevated valuations acted as headwinds for the market during the week as benchmark indices ended in the red. But, even in a muted market, 42 smallcap stocks have delivered double-digit weekly returns with five of them offering over 25% returns. Nalwa Sons Investment … Read more
Indian IT companies are expected to report a single-digit revenue growth up to 4% in the quarter that ended on September 30, 2024 with the likelihood of positive commentary for the rest of FY25, according to estimates by three brokerages. The earnings season begins on Thursday, October 10 with the announcement of results by Tata … Read more
Tea stocks, including Jay Shree Tea, Warren Tea, Rossell India, and McLeod Russel India, jumped between 6%-16%, with Rossell India scaling to its new 52-week high of Rs 663 on BSE today due to soaring tea prices driven by heatwave and floods reducing output. Tea prices have been affected by the heat and rain concerns … Read more
Indian IT services and consulting firm Mphasis will likely remain in focus today as the company, while declaring its Q4FY24 results, had declared a dividend of Rs 55 for its eligible shareholders. The company had fixed July 10 as the record date for this purpose, meaning that today is the last date to buy the … Read more