Tech Mahindra, currently in the first phase of its three-year turnaround plan, is steadily progressing toward its ambitious FY27 targets, marked by deal stabilization and margin improvement in the fiscal so far. However, after the company's Q3 results, brokerages anticipate a tougher road to recovery ahead for Tech Mahindra, thereby choosing to hold a cautious stance.Shares of Tech Mahindra also t...

Benchmark indices Nifty and Sensex opened higher on January 20, driven by gains in Kotak Mahindra Bank and Wipro, which boosted sentiment in banking and IT stocks. However, weakness in the auto and metal sectors tempered the rally. India VIX, a barometer to assess market anxiety, flared up nearly 8 percent to touch the 17 levels.Global markets were buoyed by optimism following positive talks betwe...

Shares of The Indian Hotels Company (IHCL) slipped 3 percent to Rs 789 in morning trade on January 20 despite posting a net profit of Rs 582.32 crore for the October-December quarter of FY25, reflecting a 29 percent increase compared to Rs 451.95 crore reported in the same period last year. Revenue from operations also surged by nearly 29 percent, reaching Rs 2,533.05 crore in Q3 FY25.The results,...

Shares of beleaguered telecom operator Vodafone Idea Ltd. shot up to the 10 percent upper circuit in the early session on January 20, as a Source reported that the Centre might weigh a substantial portion of adjusted gross revenue (AGR) dues imposed on companies like Vodafone Idea and Bharti Airtel after the Supreme Court's 2019 verdict.At 9.35 am, shares of Vodafone Idea were quoting Rs 10.02, hi...

Shares of Kalyan Jewellers India skyrocketed over 9 percent on January 20, snapping a three-day losing streak after asset manager Motilal Oswal AMC started to clarify rumors about its investments in the jewelry firm.The fund house dismissed rumors suggesting that its money managers were bribed to invest in Kalyan Jewellers, labeling the allegations as "baseless, malicious, and defamatory." “We c...