HSBC has downgraded Indian equities to “underweight,” citing surging energy prices from the Middle East war as a threat to the country’s earnings recovery. With Brent crude above $100 a barrel, inflation and growth risks are elevated, making India less attractive than North East Asian peers. Earnings forecasts are expected to be revised lower, and foreign investor concerns are mounting.Read More
Havells shares fell sharply on Thursday after a weak Q4, with revenue growth slowing and EBITDA declining. A sharp rise in other income boosted profit, but brokerages flagged margin pressures and muted demand. Morgan Stanley downgraded the stock, while Goldman Sachs and Nuvama trimmed targets but maintained positive long-term views.Read More
Delta Corp shares fell over 3% after reporting a 90% year-on-year drop in Q4 profit, alongside weaker revenue and EBITDA performance. Despite announcing a dividend, the stock remains under pressure, with long-term weakness intact even as valuations appear inexpensive and technical indicators signal mixed momentum with overbought near-term conditions.Read More
IBM shares fell in after-hours trading after its Q1 results signalled a slowdown in revenue growth, particularly in its software division. While earnings beat estimates, concerns around AI-driven disruption and softer segment performance weighed on sentiment. Strong infrastructure growth and enterprise demand provided some support to the overall outlook.Read More
Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Donec sed odio dui. Etiam porta sem malesuada.
