Tata Elxsi shares were under pressure on Wednesday after the company reported a weak set of numbers in the first quarter of FY27 (Q1FY27). The stock dropped as much as 6.12% to hit a 52-week low of Rs 3,473.75. At 9:25 am, it was trading 4.82% lower at Rs 3,522 per share. In contrast, the … Read more
Goyal has a net worth of $1.3 billion, primarily from his stake in Eternal, according to the Bloomberg Billionaires Index. Temple will retail for around $1,000 and is largely aimed at high-performing individuals such as athletes, executives and founders rather than mass-market consumers. ALSO READ: ‘Mummy Ab Danger Se Bahar Hain’: Zomato Delivery Partner Repays Rs … Read more
Shares of IDBI Bank gained nearly 3% after the opening bell on Wenesday, July 15 as the lender issued a clarification on a revised offer from Canada’s Fairfax Financial for its stake sale. IDBI Bank shares advanced as much as 2.8% to Rs 88.99 apiece. The scrip was trading 1.87% higher by 9:45 am, while … Read more
Tata Elxsi Ltd. shares extended losses for a second straight trading session on Tuesday, falling as much as 6.2% to Rs 3,469.70, as investors reacted to weaker profitability despite revenue growth in the June quarter. The decline followed the company’s first-quarter earnings, which showed revenue returning to growth on a sequential basis but margins and … Read more
SBI Funds Management IPO continued to attract investor attention on Wednesday as the grey market premium remained around Rs 88, indicating an estimated listing premium of 15.33%, according to market observers. The Rs 9,800-crore issue is open for subscription until July 16. Investors are closely tracking demand across retail, NII and QIB categories ahead of … Read more
CLSA has named Delhivery and Titan among four stocks it expects to break out with the brokerage’s technical desk pointing to fresh entry opportunities across logistics, jewellery, financial services and healthcare counters. In its “India Technicals” note dated July 14, CLSA technical analyst Laurence Balanco said Delhivery’s pause above the upper boundary of its Rs … Read more
Engineered fabric manufacturer Kusumgar Ltd. listed at premium in its stock market debut on Wednesday. The stock opened at Rs 569 on the National Stock Exchange (NSE) Rs 578.45 on the Bombay Stock Exchange (BSE), compared to the issue price of Rs 419. The IPO listed at 36% premium on the NSE and 37% on … Read more
US President Donald Trump convened a Situation Room meeting on Tuesday to discuss a wider offensive against Iran, going beyond the current strikes concentrated around the Strait of Hormuz. According to Axios, which cited three sources with knowledge of the discussions, the meeting focused on new plans for devastating strikes on strategic targets inside Iran, in … Read more