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TCS shares: TCS reported a muted Q2 performance with net profit rising 1.4% year-on-year to ₹12,075 crore, missing analyst estimates, while revenue grew 2.4% to ₹65,799 crore. Despite the earnings miss, brokerages remain optimistic, citing TCS’s new AI infrastructure push and strong long-term growth potential, with some projecting up to 21% upside in the stock.
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NTPC shares: The company signed an MoU with the Gujarat government to explore opportunities in conventional and non-conventional energy sectors, aiming to expand its footprint in the state. The agreement was exchanged in the presence of Chief Minister Bhupendrabhai Patel, Union Minister Pralhad Joshi, and other senior officials.
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India’s initial public offerings are set to raise up to $20 billion in the coming year. This surge will solidify India’s standing as a leading global listings market. Domestic capital, including retail investors, is fueling this growth. Several prominent companies are preparing for their IPOs, promising an active period for the Indian stock market.
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Indian stock markets opened on a positive note today. The Sensex and Nifty saw gains as foreign investors returned to buying. However, the upward trend faced some resistance. This was due to a decline in shares of TCS. The company announced its September quarter profits were below expectations. Investors are watching these developments closely.
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