IT sector giant Infosys Ltd pleasantly surprised the Street with its June quarter (Q1FY24) earnings performance. Sequential revenue growth in constant currency terms stood at 3.6% last quarter, ahead of the consensus estimate of 2.3%. Growth was broad-based across verticals but led by the financial services and manufacturing verticals. Notably, Infosys’ financial […]
Market
Sanstar IPO subscription status: In just a few hours after its launch, the plant-based specialty goods firm Sanstar’s initial public offering received full subscriptions led by non-institutional investors (NIIs) and retail investors. At 11:42 IST, Sanstar IPO subscription status was 1.27 times, as per BSE data. The initial share sale […]
Sansar Limited IPO: The initial public offering (IPO) of Sansar Limited has opened today. The public issue will remain open till 23rd July 2024, i.e. Tuesday next week. The pet foods ingredient provider company has fixed Sanstar Limited’s IPO price band at ₹90 to ₹95 per equity share. The book […]
Persistent Systems share price plunged over 7%, while L&T Technology Services share price was flat in early trade on Friday after the IT services companies reported their Q1 results. Both the Tier-II IT players announced their Q1 results on Thursday, July 18, along with IT major Infosys. Persistent Systems’ net […]
Nifty 50 Stock Price Live Updates: At 08:30 Nifty 50 was trading at 24800.85 (0.76%). Today Nifty 50 has been trading in the range of 24837.75 to 24504.45. Nifty futures are at 24809.05 (0.0%) & with an open interest change of 4.66% which indicates Continuation of bullish trend in near […]
Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open with minor gains amid cautiousness following weak global market cues. The trends on Gift Nifty indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 24,840 level, a premium of nearly […]
Infosys share price is expected to rise on Friday after its US-listed shares witnessed a sharp rally overnight after the announcement of its Q1 results. Infosys American depository receipts (ADRs) rallied over 8% on the New York Stock Exchange (NYSE) Thursday after the IT services major beat its revenue estimates […]
Oil prices remained largely unchanged on Thursday as investors grappled with conflicting signals about crude demand. Concerns about a potential economic slowdown in the U.S. were balanced by rising expectations that the Federal Reserve might soon cut interest rates. By 11:41 a.m. EDT (1541 GMT), Brent futures had edged up […]
Ahmedabad-based Sanstar Limited, on Thursday, garnered ₹153 crore from anchor investors ahead of its initial public offering, which opens for public subscription on Friday, July 19, 2024. The company informed the stock exchanges that it has allocated 1,61,10,000 equity shares at ₹95 per share to anchor investors on Thursday, July […]
Much to the chagrin of cryptocurrency investors, WazirX, a leading crypto exchange, witnessed a massive security breach on Thursday in one of its multi-sig wallets, leading to the loss of over $230 million in withdrawals. The exploiter is reportedly selling the stolen tokens, which include $100 million worth of shiba […]