KKR buys another hospital in India for $1.3 billion, marks largest deal cheque by American investment giant
KKR acquires Medicover India for $1.3 billion, marking a major bet in Indian healthcare. Medicover exits India, focusing on European markets.
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Samvardhana Motherson Q1 Results: Wiring Harness, Emerging biz lead 17% revenue growth, margin expands
Samvardhana Motherson is anticipating the planned European OEM launches to support industry growth going forward, and also sees a favourable outlook for the North American CV market as the recovery there has managed to sustain.
Three smallcap stocks that fell up to 15% after their Q1 results
Automobile Corporation of Goa was the worst performer among the three, falling as much as 15%. The company delivered 2,712 bus bodies during the June quarter, marginally lower than 2,784 units a year ago, citing weaker international business due to…
IIFL prefers CG Power, ABB India, Siemens and L&T to Cummins India
IIFL Institutional Equities’ Renu Baid Pugalia expects Cummins India’s margin pressure to ease over the next few quarters as price hikes take effect. She prefers CG Power, ABB, Siemens and L&T for stronger earnings growth, while remaining positive on GE…
Navin Fluorine shares jump 11% to a record high on Q1 earnings beat; UBS, Jefferies stay bullish
Shares of Navin Fluorine are trading 10.7% higher on Thursday at ₹8,422, having made a record high of ₹8,450. The stock is now up 42% so far for the year.
Stock Crash: Anup Engineering shares fall 12% after sharp drop in Q1 revenue, margins
Anup Engineering’s revenue from operations declined 29% YoY to ₹125.25 crore from ₹175.23 crore in the year-ago quarter.
Hindustan Aeronautics shares jump over 5% on Goldman Sachs upgrade; Check key factors behind it
28 analysts have coverage on Hindustan Aeronautics, of which 23 have a “buy” rating, one says “hold” and four have a “sell” rating on the stock. The consensus estimates of price targets have a 10.1% upside potential from current levels.
India regaining foreign investor favour as earnings improve, rupee stabilises: Neuberger Berman
Neuberger Berman’s Conrad Saldanha says investor confidence in India is improving as earnings and the rupee stabilise, supported by renewed foreign inflows. He continues to favour financials and select mid-cap growth stocks while expecting data center and power equipment demand…
Top 8 Nifty 500 stocks gaining and losing at market open today
The Nifty 500 saw brisk activity at market open today, with pharma and speciality chemicals names leading gains while power and IT-linked stocks slipped. From strong Q1 earnings momentum to broader sector rotation, here’s a look at the stocks that…
Another Flash Crash! SK Hynix plunges 30% momentarily on Nextrade, further raising volatility
SK Hynix saw a block deal on the Nextrade platform in the pre-open session on Thursday, following which the stock fell 30% for two minutes, which led to long positions worth $60 million being wiped out.