Latest Stock Market News

Sectorally, buying was seen in oil & gas, energy, metal, and auto stocks while IT, realty, and capital goods stocks saw some selling.

The report revealed that the Nifty100 companies have an average corporate disclosure score of 6.5 out of a maximum of 10

Rate this item

(1 Vote)

From next July, DCJPY is intended to be used by telecommunication firm Internet Initiative Japan (IIJ) for the settlement of clean energy certificates, which assign an "environmental value" to energy procured from non-fossil fuel sources.

Rate this item

(1 Vote)

The producer price index (PPI) for final demand rose 0.5% after accelerating by an unrevised 0.7% in August. Economists polled by Reuters forecast the PPI to gain 0.3%. Over the past 12 months the PPI increased 2.2% after advancing 2.0% in August

In the last one year, the company paid an equity dividend amounting to Rs 34 per share, resulting in a dividend yield of 2.32%. During the quarter, the company recorded the highest large deals value at $7.7 billion, spread across all verticals and geographies

According to Mahantesh Sabarad, the guidance revision by Infosys is not expected to lead to a significant decline in EPS estimates, but it may delay expectations from the company. Analysts are likely to adjust their estimates, resulting in a similar target price. Sabarad does not anticipate major upgrades in EPS or target prices from analysts. The valuation of Infosys may be capped at 21-22 times forward earnings, and there may be a slight downgrade due to concerns about future delivery.

Rate this item

(1 Vote)

However, Angel One said the prohibition did not affectits client acquisition, which rose nearly 80% during the quarter, while the total number of orders advanced more than 36%.

Infosys ADRs hit a low of $16.21 — their lowest level since July 28. Constrained by the slowdown in the developed economies, the software services exporter cut constant currency revenue growth guidance to 1.0-2.5% from 1.0-3.5% earlier

Earlier in July, Maruti Suzuki India had received board approval to acquire Suzuki Motor Gujarat (SMG) from its Japanese parent SMC. SMG was a wholly-owned subsidiary of Suzuki Motor Corporation and recorded a turnover of Rs 31,853 crore for FY23.

Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.