Zensar Technologies shares surged nearly 10% after reporting strong Q3FY25 results, with a 10.1% YoY revenue growth to Rs 1,325.6 crore. However, profitability declined 2.7% YoY to Rs 159.8 crore. Operating revenue grew 8.6% YoY, with a PAT margin of 12%. The stock has gained 53.5% over the past year.
Now as far as the cyclical factors are concerned, which today are visible in some of the segments, maybe due to food inflation, maybe due to the commodity inflation, so that will go away, maybe you can say 3Q was the worst, 4Q might show a little bit better numbers than 3Q.
President Donald Trump minimized the national security risks of TikTok, days after giving the app a chance to avoid shutdown. He suggested that other electronic products made in China might be a bigger threat. Despite concerns, Trump has credited TikTok for improving his standing among young voters and extended the ban by 75 days.
Retail investors have increased their stakes in certain smallcap stocks during the December quarter despite market corrections. Notable performers include Kitex Garments, V2 Retail, and Indraprastha Medical, which have doubled investor wealth in six months. However, experts advise caution given the inherent risks in smallcap investments.
Foreign institutional investors (FIIs) offload Rs 35,658 crore in Indian stocks in early January, citing rising US bond yields and a weakening rupee. Financials suffer the most with Rs 12,200 crore sold, while minimal buying is seen in textiles and media. Analysts recommend focusing on quality stocks and defensive sectors, anticipating continued volatility.
Sunil Subramaniam, Market Expert, expects the Budget to focus on boosting consumer spending, particularly supporting those at the economic bottom. He predicts minimal tax changes, possibly increasing the lower tax threshold. Domestic institutional investors will likely view this positively, as increased consumption could drive private sector capex and overall economic growth.
President Donald Trump's actions to cut federal diversity programs have impacted companies globally, prompting leaders at the World Economic Forum to reaffirm commitment to DEI initiatives, albeit under new terminologies. Despite Trump's measures, many companies maintain that fostering diversity remains crucial for innovation and business success, as echoed by executives and investors alike.
Paras Defence share price: The company's signed of a Memorandum of Understanding (MoU) with the Maharashtra government to develop an Optics Park Project in Navi Mumbai. The project, set to begin operations in 2028, aims to advance optical technology innovations in India.
US President Donald Trump on Wednesday nominated a Secret Service agent who rushed onstage to protect him from a would-be gunman during a failed election rally assassination bid to become the agency's next director. The president noted Curran's 23-year Secret Service career that began when he was a special agent in the Newark field office and led to his promotion to become head of the Presidential Protective Division in the Republican's first term.
