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Shares of MedPlus Health Services fell sharply on Tuesday, declining 15.83% to Rs 667.95 after the company reported a weaker-than-expected performance in the first quarter of FY27. The decline came as investors reacted to pressure on profitability, with a contraction in gross margins and higher operating expenses offsetting healthy revenue growth. Despite the weak quarterly…
Shares of AI-focused cloud hyperscaler E2E Networks surged 5% to hit the upper circuit at Rs 469 on Wednesday, marking a new 52-week high, after the company reported a net profit of Rs 44 crore in Q1FY27, compared with a net loss of Rs 28 crore in the year-ago quarter. The company’s revenue from operations…
Shares of Bandhan Bank plunged nearly 15% to an intraday low of Rs 177.35 on Wednesday after the private lender reported its Q1 results and lowered its return on assets (RoA) guidance, citing an uncertain global macro environment and intensifying competition in deposit pricing. The bank, which announced its April–June quarter results after market hours…
Shares of Vedanta Oil & Gas fell as much as 3.4% to their day’s low of Rs 33.66 on the BSE on Wednesday after the company disclosed two separate legal matters involving the Oil and Natural Gas Corporation Limited (ONGC) and the Directorate General of Hydrocarbons (DGH), Government of India. In the first matter, the…
Shares of SBI Funds Management witnessed profit booking on Wednesday, falling 3% to Rs 590 during the trading session. The decline came a day after the asset management company made an impressive debut on Dalal Street, with its shares listing at a 6.85% premium above the issue price at Rs 613.30 apiece on the NSE….
Shares of Indian Hotels Company (IHCL), backed by the Tata Group, dropped 2% to their day’s low of Rs 719 on the BSE on Wednesday after the hotel chain reported a 18.5% year-on-year rise in net profit to Rs 390 crore in the first quarter of FY27. IHCL MD and CEO Puneet Chhatwal said Q1…
Shares of two-wheeler major Bajaj Auto rallied 2.5% to Rs 10,678 on the BSE on Wednesday after the company reported a consolidated net profit of Rs 3,226 crore for the first quarter of FY27, marking a 46% increase from Rs 2,210 crore in the year-ago period. The net profit is attributable to the owners of…
Artificial intelligence may squeeze employment in India’s technology sector well before it threatens the companies themselves, according to Pramod Gubbi, co-founder of Marcellus Investment Managers. He said AI-driven productivity could reduce the industry’s dependence on labour and exert deflationary pressure on existing work, even as IT firms remain relevant by delivering more output with fewer…
Investors who applied for the Caliber Mining & Logistics IPO are likely to get clarity today as the company is expected to finalise the share allotment for its Rs 450-crore public issue. Once the allotment process is completed, applicants can check whether they have received shares through the registrar’s website as well as the BSE…
With oil prices on the ascent again, bets that tens of billions of dollars in fresh capital inflows would sustain a recovery in the Indian rupee have all but vanished. A more than 20% jump in crude oil in two weeks has prompted analysts from Danske Bank AS and Ebury Partners Ltd. to predict fresh…