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Sensex Today, Stock Market, Nifty, Share Market Live News Updates
Sensex Today, Stock Market, Nifty, Share Market Live News Updates
Mumbai: Earnings of most listed brokers remained under pressure in the June quarter as trading activity in equity derivatives slowed and the rally in gold and silver seen in the January-March quarter reversed, weighing on revenue growth.Among listed brokers, standalone revenue IIFL Capital Services rose 3% in the June quarter from the January-March period. In the case of Billionbrains Garage Ventures (Groww), Angel One and Anand Rathi Share & Stock Brokers, revenue declined 1-4%. In contrast, Motilal Oswal Financial Services' revenue surged 88% in the period.While standalone net profit at
Shares of FMCG major Hindustan Unilever (HUL) declined 5% to Rs 2,064 on the BSE on Tuesday after the company’s first quarter earnings missed analyst estimates. The company reported a 3% year-on-year decline in net profit to Rs 2,673 crore for the first quarter of FY27. The company said the decline in PAT resulted from a one-off tax credit in the previous quarter. Revenue from operations, however, rose 10.2% year-on-year to Rs 17,149 crore in Q1 FY27, compared with Rs 15,552 crore reported in the corresponding quarter of the previous financial year.HUL reported an underlying sales growth (USG)
Shares of Tata Power were trading about 1% lower at Rs 373 during Tuesday's session, even as Wall Street brokerage Morgan Stanley maintained its "Equal Weight" rating on the stock. The brokerage retained its target price of Rs 399 following the company's decent Q1 FY27 performance, which saw net profit rise 11% year-on-year and revenue grow 8%.In an exchange filing dated July 27, Tata Power reported a consolidated profit after tax (PAT) of Rs 1,401 crore for Q1FY27, compared with Rs 1,262 crore in the same quarter last year, marking an 11% year-on-year growth.The company’s revenue from operati
Sensex Today, Stock Market, Nifty, Share Market Live News Updates
Mumbai: Indian information technology stocks rallied Tuesday after pressure on AI companies and chipmakers globally, as well as better-than-expected first quarter results improved the street's sentiment on the most underperforming sector this year.The Nifty IT index was up 3.3% on Tuesday, led by Coforge's 10.2% gains. Others like Tata Consultancy Services, MphasiS, Tech Mahindra and Persistent Systems advanced between 3.2% and 4.5%. The benchmark Nifty 50 ended flat at 23,985.35.South Korea's Kospi, consisting heavily of chipmakers, declined nearly 11% in Tuesday's trade, whereas Taiwan fell
ET Intelligence Group: Hindustan Unilever's (HUL) shares came under pressure during Tuesday's trading session, plunging to a 52-week low of ₹2,019 on the BSE despite a 13-quarter high revenue growth posted by the FMCG major for the June quarter. It ended the day at ₹2,023.2, recording the steepest daily fall of 7% since March 23, 2020 when it had declined 8.8%. The sharp fall reflects concerns over the mounting input cost pressure, which resulted in a 40 basis point year-on-year contraction in the Ebitda margin at 23%.The stock has failed to earn returns over the past five years, falling by ov
Sensex Today, Stock Market, Nifty, Share Market Live News Updates