IEX shares tank 8% after Jefferies expects stock to fall to ₹105 levels

Volumes surprise on the positive side, and competition not gaining market share as envisaged could be some positive triggers for IEX, Jefferies wrote in its note.

Volumes surprise on the positive side, and competition not gaining market share as envisaged could be some positive triggers for IEX, Jefferies wrote in its note.

On Monday, market tech analyst Mitessh Thakkar recommended these stocks for the short term.

Forex traders said the rupee was trading in a narrow range as the demand for dollar from importers continued to keep the American unit well bid against the rupee.

Citi has maintained its “sell” recommendation on TCS with a price target of ₹3,135, saying that there could be multiple reasons behind this move, including pressure on margins, demand and skill mismatch and productivity asks.

Laurus Labs delivered a strong performance in the first quarter, which was led by another robust quarter in the CDMO division, which grew 7% sequentially.

The US dollar advanced on Friday, bolstered by solid economic data that suggested the Federal Reserve could take its time in resuming interest rate cuts.

Sensex Today | Stock Market LIVE Updates: Disappointing earnings from IT stocks, a sharp reaction to midcap and smallcap results, and the closing in on the August 1 tariff deadline have kept markets on the edge.

Brent was above $68 a barrel after closing 1.1% lower on Friday, and West Texas Intermediate traded near $65.

In calendar year 2024, Unitronics, where Amber Enterprises will be acquiring a controlling stake, had a revenue of $57 million with over 30% EBITDA margin and currently has a market capitaisation of $110 million.

Tata Motors’ JLR had temporarily paused shipments to the US in April in wake of the US reciprocal tariffs, but resumed them in May.