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Catch all live updates on share prices, index moves, corporate announcements and more from Indian stock markets today. → Read More
Shares of 5paisa Capital Ltd. hit an upper circuit after the discount broker’s board approved a fundraising plan. The company will raise Rs 250.8 crore through preferential issue, according to an exchange filing. Equity shares and warrants will be issued at a price of Rs 500 apiece, a premium of over 70% to Tuesday’s closing. → Read More
Most analysts maintained their bullish investment recommendation for Infosys Ltd. but cut earnings estimate for the ongoing and the next financial year after disappointing fourth-quarter results. → Read More
Catch all live updates on share prices, index moves, corporate announcements and more from Indian stock markets today. → Read More
Infosys Ltd. met its revenue and margin guidance for the ongoing fiscal, buoyed by large deal wins and increased client appetite for spending on technology as businesses moved online during the pandemic. Margin and net profit for the quarter ended March contracted. The company also announced a buyback. → Read More
The board of Infosys Ltd. has approved a proposal to buy back equity shares worth Rs 9,200 crore, the company said in a stock exchange filing. The Bengaluru-based software services major will repurchase 5.25 crore shares or 1.23% of the total paid-up capital, the filing said. The buyback price of Rs 1,750 per share is a 25.2% premium to Tuesday’s closing price. → Read More
Adani Ports & Special Economic Zone Ltd. was among the top laggards on the Nifty 50 after S&P Dow Jones said it’s removing the nation’s largest port operator from its sustainability index. → Read More
Most analysts raised their price targets for Tata Consultancy Services Ltd., expecting the nation’s largest software services exporter to continue benefitting from businesses moving online and deal wins to offer improved growth outlook. → Read More
Catch all live updates on share prices, index moves, corporate announcements and more from Indian stock markets today. → Read More
Benchmark indices fell to their lowest in two months after Monday’s drop. → Read More
Shares of Solara Active Pharma Sciences Ltd. gained the most in more than two months after the bulk drugmaker approved a merger of Aurore Life Sciences Pvt. with itself in an all-stock transaction. → Read More
Stocks in the news, big brokerage calls of the day, complete trade setup and much more! → Read More
Stocks in the news, big brokerage calls of the day, complete trade setup and much more! → Read More
Shares of Apollo Pipes Ltd. jumped to a record high after a portfolio manager raised its stake in the pipemaker. → Read More
Nomura is anticipating a 50-70 basis point benefit from cross currencies. It also expects growth momentum in top-tier companies to continue, led by ramp-up of large deals. “We believe all companies will report a positive year-on-year constant currency revenue growth in Q4, with Infosys likely to lead with double-digit growth and Wipro to lag with flattish growth,” Rishit Parikh of Nomura wrote. → Read More
Stocks in the news, big brokerage calls of the day, complete trade setup and much more! → Read More
Equity mutual funds witnessed their first inflow in nine months in March even as benchmark indices remain flat after scaling record peaks in February. → Read More
Shares of Sterling & Wilson Solar Ltd. gained after the Shapoorji Pallonji Group flagship company repaid some of its loans. The transmission and distribution company repaid outstanding debt worth Rs 402 crore until March 31, 2021, according to an exchange filing. → Read More
After a strong rally driven by expectations of a cyclical recovery in growth, improved corporate earnings and foreign fund inflows, the equity markets are now dealing with three headwinds, according to Nomura, prompting it to raise its weights on defensive sectors. → Read More
Godrej Consumer Products Ltd. expects to post domestic sales growth of around 30%, aided by higher volumes and price increases. → Read More