Happiest Minds Technologies rose sharply on Wednesday, extending gains to over 35% in three days, driven by a sharp upgrade in its FY27 growth outlook to 12.5% and strong traction from its AI First strategy. Management cited broad-based demand, improved pipelines and accelerating AI-led adoption across sectors as key factors behind the stock’s sharp rally.Read More
Sona Comstar shares surged over 4% after BofA Securities upgraded the stock to ‘buy’ with a Rs 640 target price. The brokerage anticipates strong growth driven by its traction motors, driveline business recovery, and an underappreciated railways segment, projecting a 24% upside.Read More
Rising fuel costs and renewed market volatility are raising concerns that the conflict involving the United States, Israel and Iran could strain U.S. consumer spending and spill over into global equities. Higher gasoline prices, softer stock markets and heightened geopolitical risks are threatening demand, inflation expectations and the broader global economic outlook.Read More
Indian government bonds gained early on Wednesday after global oil prices eased from multi-year highs, while investors also awaited details of the central bank’s upcoming bond purchases on Friday.Read More
Nuvama says fears that Gen-AI will cripple India’s IT services model are overblown, invoking Mark Twain’s line that “reports of my death are greatly exaggerated.” After a sharp AI-driven selloff that pushed valuations to multi-year lows, the brokerage has upgraded all top 10 IT stocks to “BUY,” arguing the sector is poised for a comeback as AI services demand accelerates.Read More
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