Persistent Systems shares tumbled nearly 10 percent on June 29 after the IT services company announced plans to acquire German digital engineering firm Nagarro SE in a Euro 1.4 billion deal. Brokerages offered sharply divergent views on the transaction, ranging from very bullish to bearish.The stock fell as much as 9.8 percent to Rs 4,365.5, extending early morning losses, and emerging as the top ...

Gujarat Themis Biosyn shares are likely to remain in focus on May 25 after the company announced the acquisition of 100% equity stake in MicroBiopharm Japan Co., Ltd., a Japan-based company with more than six decades of expertise in fermentation, microbial-based research, development, and manufacturing of pharmaceuticals and specialty chemicals.The company has signed a definitive agreement to acqu...

Coal India Ltd stock rose sharply in early trade on Tuesday after the company reported a steady Q4 FY26 performance, with earnings beating expectations on some fronts. The stock was trading at Rs 471.85, up 4.3 percent, making it the top gainer on the Nifty 50 index.The PSU coal major reported an 11.15 percent year-on-year rise in net profit at Rs 10,839 crore for the January-March quarter, compar...

Shares of Eternal and Swiggy declined up to 3 percent in Tuesday’s trade after Amazon announced plans to expand its quick commerce service, Amazon Now, to 100 cities across India, intensifying competition in the segment.At present, Amazon Now operates in Delhi-NCR, Mumbai and Bengaluru.In a statement, Amazon said it will scale up its specialised fulfilment infrastructure and expand its network t...

Net Sales are expected to increase by 12.6 percent Y-o-Y (up 14.1 percent Q-o-Q) to Rs. 64,156.7 crore, according to ICICI Securities.ICICI Securities has come out with its fourth quarter (Jan-March’ 26) earnings estimates for the Metal & Minings sector. The brokerage house expects Tata Steel to report net profit at Rs. 2,664.2 crore up 57.7 % year-on-year (down 5.8 percent Q-o-Q).Net Sales are ...