Uncategorized

JPMorgan believes the recent outperformance in the stock is overdone, as the company still awaits bank funding to drive the next leg of its capex cycle.

Black Box DO BRASIL INDÚSTRIA E COMÉRCIO LTDA will acquire 2S Inovações Tecnológicas for ₹275 Crores. The deal is expected to close by March 2026. Black Box shares rose over 2 percent to ₹582.15.

On Wednesday, February 10, sources told CNBC-TV18 that the promoters of Netweb Technologies were to sell up to a 3% stake in the firm via block deals.

Shares of HDFC Life, SBI Life, ICICI Prudential Life, and ICICI Lombard fell after RBI draft rules aimed at curbing mis-selling in bancassurance; final guidelines expected by July 1, 2026.

LG Electronics India attributed the weakness to lower-than-expected post-festive demand, particularly in compressor-led products.

Ed Yardeni, President of Yardeni Research, said investors are shifting towards so-called “AI immunity” stocks in traditional sectors such as energy and industrials, a trend he believes makes sense.

Gold and silver prices fell as strong US jobs data boosted the dollar and lowered rate cut expectations. Investors await US inflation data. Jewellery demand in India shifts to design focus.

Jefferies has a ‘buy’ rating on the Lenskart stock and has raised its target price to 575 per share from 520 apiece. This implies a potential upside of 21.6% from its previous close.

The sell-off in software stocks in the US was heavy enough to offset the optimism from a stronger-than-expected US jobs data.

While Q3 average selling prices were slightly below expectations, the brokerage believes SUV growth will continue to drive outperformance versus the industry.