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Infosys American Depositary Receipts (ADRs) slumped more than 7% on Thursday, touching an intraday low of $14.59 in early trade, while Wipros ADRs fell 5.4% to $2.26. The sharp decline follows a steep sell-off in IT stocks on Indian exchanges, with weakness spilling over to Wall Street.
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News and Media
Mamaearth Q3 Results: Honasa Consumer posted a strong Q3, with net profit surging 93% YoY to Rs 50 crore. Sequential growth remained healthy, while like-for-like revenue hit a record high. Younger brands scaled rapidly, offline reach expanded, and product innovation continued to drive momentum for the company in the period under review.
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News and Media
SBI has overtaken TCS and Infosys in market valuea feat unimaginable five years ago, says Gurmeet Chadha. The surge reflects PSU banks sharp turnaround driven by better risk management and digitisation, even as IT stocks face heavy AI-led selling. Nifty IT has dropped 21% in a year, while PSU banks soar.
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News and Media
Category:
News and Media
Indian stock markets are trading in a tight range. The Nifty index is finding it difficult to move past the 26,000 mark. Experts are advising investors to focus on specific stocks. Bajaj Finance and Hero MotoCorp are recommended for buying. Hindustan Unilever's outlook is cautious. Selective stock picking offers opportunities amidst consolidation.
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News and Media
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