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Vodafone Idea shares have seen a significant rise driven by optimism regarding relief on Adjusted Gross Revenue dues. Global brokerage Citi has set a target price of Rs 14, suggesting a potential upside. The Supreme Court’s order allows for a reassessment of AGR dues, opening avenues for financial relief.
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Data Patterns India surged after reporting strong Q2 results, with revenue and profit showing significant growth. Despite a margin dip due to a large strategic contract, management expects normal margins ahead. The company maintains healthy growth guidance, supported by a strong order book and positive outlook for FY26.
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Cochin Shipyard shares saw a sharp decline after the PSU reported a steep 48% YoY drop in Q2 net profit to Rs 101 crore, hurt by higher subcontracting costs and provisions, which surged fourfold year-on-year to Rs 21 crore, though they declined 37% sequentially. Revenue slipped 13% YoY, while EBITDA margin plunged to 5.9%.
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Groww’s parent, Billionbrains Garage Ventures, extended its post-listing rally as shares surged another 5%, taking total gains to nearly 38% over the IPO price. Analysts remain optimistic on its scalable business model, digital investing strength, and long-term structural growth story.
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Billionbrains Garage Ventures Ltd., the entity behind the innovative platform Groww, experienced a notable rise in its stock prices on Thursday, hitting a record high. This upward trend follows an enthusiastic debut in the market, reflecting a robust demand from investors.
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Indian stocks are now trading at their cheapest valuation versus US equities in nearly two decades, with the Nifty 50 roughly 20-25% cheaper than the S&P 500. This divergence is driven by the US AI boom boosting its market, while Indian earnings consolidate. Experts are divided on whether this presents a rare buying opportunity or...
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Bitcoin hovered near $101,000 as investors booked profits at higher levels. Analysts said the pullback reflects caution ahead of key US macro data. Despite short-term softness, experts see strong support around $100K, with potential upside toward $108K if sentiment and inflows stay positive.
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Gold and silver prices on the MCX opened higher, defying global sentiment after the US government ended its record shutdown. Strong bullion performance and a softer rate outlook supported the rally, while traders awaited key US data for cues on future Fed policy amid weakening labour market signals.
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Biocon shares hit a new 52-week high after the company confirmed it is evaluating a potential merger of Biocon Biologics with the parent entity. The $4.5 billion deal is among options under review, including an IPO and share swap, to unlock value and streamline operations.
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Tenneco Clean Air India’s Rs 3,600 crore IPO has drawn strong investor interest, with a rising grey market premium suggesting solid listing prospects. Backed by robust financials and strong OEM partnerships, the company’s reasonable valuations and sector tailwinds have led analysts, including Canara Bank Securities, to recommend subscribing for both short-term and long-term gains.
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