Shares of Persistent Systems gained over 7 percent on December 22 after the company reported robust growth in its consolidated net profit and revenue for the December quarter, prompting mixed reactions from brokerages. The IT major posted a consolidated net profit of Rs 372.99 crore, marking a sequential rise of 15 percent and a 30 percent year-on-year increase. Its revenue also impressed, growing...

Shares of Sunteck Realty are expected to be in focus on November 14 after the company reported exceptional results for the July-September quarter (Q2FY25). Sunteck’s revenue surged over six times year-on-year (YoY), while net profit saw an impressive four-fold increase over the same period last year.In response, Jefferies reaffirmed its "buy" rating for the stock and raised the target price from...

Shares of KNR Constructions skyrocketed 14 percent to Rs 324 per share on November 13 after it reported blockbuster July-September quarter (Q2FY25) performance.The company's net profit jumped by a whopping 310 percent year-on-year (YoY) or four-fold to Rs 585 crore in Q2FY25 from Rs 143 crore in the year-ago period. Revenue, too, saw a growth of 87 percent YoY to Rs 1,945 crore in Q2FY25, as compa...

Shares of Apollo Hospitals Enterprise climbed over 6 percent and hit a record high of Rs 7,433.65 on November 7 as investors cheered for the company's stellar earnings report for the July-September quarter.At 09.19 am shares of Apollo Hospitals were trading at Rs 7,405 on the NSE.The healthcare services major's consolidated net profit surged 59 percent to Rs 395.70 crore in the September quarter, ...

Shares of Raymond edged higher amid a weak market after the company reported a substantial rise in consolidated Q2 net profit, doubling year-on-year (YoY) to Rs 59 crore, driven by robust growth in its real estate and engineering businesses.The company's revenue from operations also more than doubled YoY to Rs 1,044.7 crore in Q4FY25, while EBITDA climbed 100 percent YoY to Rs 116 crore. The EBITD...

The Dow Jones reached 40,000 but closed just below it. Meanwhile, two brothers face charges for a $25 million cryptocurrency heist. Amidst this, concerns over rising US government debt intensified as industry leaders Jamie Dimon and Ray Dalio emphasized the need for US debt reduction and flagged waning investor interest in Treasuries. All this and more, on the May 17 edition of World Street.Dow Jo...

Reliance Industries Ltd surpassed market expectations in the fiscal fourth quarter, posting a net profit of Rs 21,243 crore, fueled by a rebound in its core oil-to-chemicals (O2C) business. Strong performances in the O2C, oil & gas, retail, and Jio segments also impressed analysts.Moreover, the reduction in RIL’s net debt resulting from capital raises and asset divestitures has boosted investors...

Shares of Tejas Networks zoomed 20 percent on April 23 to hit a 52-week high of Rs 1,088.25 on the NSE, a day after the company reported robust earnings for the quarter ended March 2024 with margins and revenue beating the Street estimates.At 10:11 am, shares of Tejas Networks locked at the 20 percent upper circuit There were pending buy orders of 25,679 shares, with no sellers available. In the l...

Shares of Bajaj Auto Ltd fell 3.5 percent to Rs 8,702 on April 19 as brokerages worried over the stock price outpacing their target prices and shared their concern over expensive valuations.Despite delivering a robust financial performance for Q4 FY24 and surpassing the Street estimates, the company faced downward pressure on its shares.As of 11 am, Bajaj Auto shares were trading 3 percent lower a...

Shares of Creative Graphics Solutions are listed at Rs 175 on the NSE SME platform, a premium of 106 percent over the issue price of Rs 85.The debut, however, fell short of expectations, as the stock was trading at a premium of 77.65 percent in the grey market which refers to unofficial, over-the-counter (OTC) transactions in a security before listing on the exchanges.The Rs 54.40-crore IPO was su...