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Kaynes Technology Shares Plunge 19% on Revised Revenue Guidance Kaynes Technology saw its share price tumble by over 19% on Tuesday following a downward revision in its revenue guidance for FY25. The company now projects revenue of ₹2,800 crore, down from its earlier estimate of ₹3,000 crore. What Led to the Drop? The sharp decline…
Denta Water and Infra Solutions IPO Allotment Scheduled for Today, January 27, 2025 Denta Water and Infra Solutions Limited, a rising star in the water and infrastructure sector, is set to finalize its IPO allotment today. Founded in 2016, the company has quickly established itself as a key player in the industry, with expertise in…
Dr Reddy’s Faces Challenges with Revlimid Decline, But Opportunities Lie Ahead Dr Reddy’s Laboratories delivered Q3 earnings that slightly surpassed market expectations, but the spotlight was on the declining revenue from Revlimid, the company’s blockbuster cancer drug. Once a significant growth driver, Revlimid’s contribution to the company’s revenue has been shrinking as its patent expiry…
Earnings to Watch Today, January 24 Several stocks across industries are set to release their quarterly results today, including: Earnings to Watch Tomorrow, January 25 Expect earnings announcements from prominent stocks tomorrow, such as: Quarterly Earnings Highlights Dr. Reddy’s Laboratories (YoY) Indus Towers (YoY) United Spirits (YoY) Adani Green Energy (YoY) Hindustan Petroleum Corporation (QoQ)…
Coforge Shares Surge 8% on Strong Q3 Performance and Positive Developments Shares of Coforge Ltd jumped 8% on Thursday after the IT major reported robust Q3 earnings and announced key strategic moves. The company posted a 10.3% increase in net profit for the December quarter, supported by a 42.8% YoY growth in revenue, which reached…
Market Rebounds: Nifty and Sensex Climb After Yesterday’s Steep Drop The Indian stock market saw a strong recovery on January 22, as benchmark indices Nifty and Sensex bounced back from yesterday’s sharp crash, bringing relief to investors. Bank and FMCG stocks led the charge, although caution lingered in metal and PSU bank stocks, which tempered…
Indian Stock Market Update: Sensex and Nifty 50 Outlook for Tuesday The Indian stock markets are expected to open higher on Tuesday, supported by mixed cues from global markets. Trends on Gift Nifty suggest a potential gap-up opening for the Indian benchmark indices. Gift Nifty was trading around the 23,280 level, a premium of nearly…
Wall Street Today: US Markets Open Higher on January 6 with AI Boosting Tech Stocks The US stock markets started the week on a positive note, opening higher on January 6 as investor enthusiasm around artificial intelligence continued to drive gains in the technology sector. Here’s a snapshot of the early trading session. Dow Jones:…
Jefferies Downgrades Zomato to ‘Hold’: Rising Competition and Stock Surge in 2024 a Concern Global brokerage firm Jefferies has shifted its stance on Zomato, downgrading the stock to a “hold” rating. The decision comes after Zomato’s shares more than doubled in 2024, leading analysts to believe 2025 might be a year of consolidation for the…
Union Bank Shares Slide 6% as Broader Markets Stay Resilient Union Bank of India’s shares took a significant hit today, plunging 6% to ₹118.2 during trading hours. This dip has drawn attention, especially as it contrasts with the relatively steady performance of broader market indices. Banking Sector: Mixed Trends in BSE BANKEX While Union Bank…