Stocks in news: IndiGo, IndusInd Bank, DLF, Tech Mahindra, Mankind Pharma, RBL Bank
IT services company Tech Mahindra on Thursday reported 23% year-on-year growth in its consolidated net profit at Rs 851 crore in the June quarter.
IT services company Tech Mahindra on Thursday reported 23% year-on-year growth in its consolidated net profit at Rs 851 crore in the June quarter.
The NEET-UG is the sole entrance exam for admission to undergraduate medical programmes in all medical institutions in the country, held annually. The Supreme Court has acknowledged that the paper was leaked in some centres but refused a retest for the exam. This has disheartened students, coaches and educational startups and institutions.
A fall in government bond yields lowers borrowing costs across the economy as sovereign debt yields are the benchmarks for determining the price of corporate borrowing. Bond yield and prices move inversely.
Focus on affordable housing as budget announced following incentives PM Awas outlay and allocation of Rs 2.2 trillion under Pradhan Mantri Awas Yojana in the current year is a massive increase. This should help HFCs significantly with PNB Housing being the top pick.
Foxconn is exploring the possibility of assembling Apple iPads at its Tamil Nadu facility, marking a significant expansion from its current focus on iPhones. The move indicates confidence in India's growing supply chain capabilities for Apple products.
"Major private banks like Kotak, Axis and HDFC have reported their earnings which have not been up to the mark and most missed estimates," said Shreyansh Shah, Research Analyst, Stoxbox. "Investors have booked profits following the results leading to the decline in the index."
Sun Pharma Ltd rose by over 17% since June 2024, hitting above Rs 1,300 levels. Experts suggest that if the momentum continues, the stock could reach Rs 1,700. Pharmaceutical stocks are gaining attention as safer defensive options amid a volatile market. Short-term traders are advised to consider it for potential gains.