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Bloomberg Quint
1d
95
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Waaree Renewable Technologies Share Price Rallies After Q4 Profit Jumps 83%
- Waaree Renewable Technologies reported an 83% jump in net profit and a 74% increase in revenue from operations in Q4 FY26.
- The company's EPC sales increased by 76% on an annual basis, and the order book grew by 38% to over 3.2 GW.
- Waaree Renewable Technologies appointed Manmohan Sharma as the chief financial officer and Sudhir Arya as an additional director.
- The share price of Waaree Renewable Technologies opened high at Rs 1,110.35 apiece and has fallen 19.75% on a year-to-date basis.
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Bloomberg Quint
1d
316
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Wipro Share Price Declines As Lower Q1 Q1FY26 Guidance Triggers Target Price Cuts
- Wipro's outlook for the June quarter remains muted with a degrowth of -3.5% to -1.5%.
- Wipro's share price declined over 6% after lowering revenue guidance.
- Brokerages have cut target price on Wipro stock due to bearish outlook.
- Wipro's American Depositary Receipts closed 3.20% lower in New York.
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Bloomberg Quint
1d
57
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Rupee Opens Stronger For Fourth Session Backed By FPI Inflows, US-Japan Trade Talks
- The Indian Rupee opened 21 paise higher at 85.48 to the dollar.
- Foreign investors stayed buyers for a second consecutive session, aiding the currency.
- Tokyo and Washington are underway with trade negotiations, while Beijing has also expressed interest in pursuing talks, given certain conditions are met, boosting risk appetite.
- Oil prices advanced for a second consecutive session after the US declared to reduce Iran's energy exports to zero.
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Bloomberg Quint
1d
586
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Q4 Results Today: Infosys, Tata Elxsi, Jio Financial, HDFC Life Among 12 Companies To Declare Earnings
- As many as 12 companies are slated to announce their Q4 and FY25 results, including Infosys, Tata Elxsi, Jio Financial, HDFC Life, and others.
- Some notable companies on the list include Advik Capital, Devinsu Trading, Indosolar, and National Standard.
- In the previous quarter, Infosys reported an 11.4% YoY rise in net profit, while Jio Financial Services' net profit remained nearly flat.
- Tata Elxsi's net profit declined by 3.6% in the last quarter, but the company saw an increase in revenue from operations.
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Bloomberg Quint
1d
315
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Avalon Tech — Tariff Tailwinds, Growing Client Base Boost Growth Outlook: Motilal Oswal, Maintains 'Buy'
- Avalon Tech, an electronics manufacturing services company, is expected to see improved revenue and profitability as its US operations witness a healthy recovery and the Indian business experiences growth, according to Motilal Oswal.
- Avalon has a favorable tariff environment for India, an increase in domestic demand, stable/improving demand from the US, a healthy client mix, and a favorable manufacturing presence compared to its peers.
- With its well-established manufacturing presence in the US, Avalon is uniquely placed in the Indian electronics manufacturing services sector.
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Bloomberg Quint
1d
121
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Stocks To Buy: Polycab India, Eicher Motors, Trent, Bharat Dynamics And Patanjali
- Stocks To Buy: Polycab India, Eicher Motors, Trent, Bharat Dynamics And Patanjali
- Polycab India, Eicher Motors, Trent, Bharat Dynamics, and Patanjali Foods are among the stocks with 'buy' calls from analysts on Thursday.
- Among the mentioned stocks, Polycab India is recommended to be bought above Rs 5,300 while Eicher Motors is suggested to be bought at the target price of Rs 5,870.
- Analysts' consensus target prices for Polycab India and Eicher Motors imply potential upsides of 29.1% and 2.3% respectively.
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Bloomberg Quint
1d
45
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Wipro Q4 Results Review: Tariffs, Macro Uncertainty Drive Poor Q1 Guidance; Motilal Oswal Maintains 'Sell'
- Wipro Q4 FY25 IT Services revenue reported at $2.6 billion, down 0.8% QoQ in constant currency.
- Motilal Oswal cuts FY26E/FY27E EPS estimates by ~4% due to weak Q1 guidance and sustained demand softness.
- Wipro expects further impact in Q1 due to deteriorated client spends, reflected in a soft guidance of 3.5% to 1.5% cc QoQ revenue decline.
- Motilal Oswal maintains 'Sell' with concerns about tariffs and macro uncertainty influencing poor Q1 guidance.
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Bloomberg Quint
1d
77
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Adani Ports Target Price Hiked By Morgan Stanley On Resilient Business Model
- Morgan Stanley has hiked the target price for Adani Ports to Rs 1,418 from Rs 1,415.
- The raised target price is based on Adani Ports' resilient business model and diversified cargo and geographical mix.
- Morgan Stanley forecasts Adani Ports' volume to grow by 13% in FY26, reaching 510 million tonnes.
- Adani Ports' well-diversified cargo mix and limited direct exposure to the USA contribute to its optimistic growth prospects.
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Bloomberg Quint
1d
312
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Wipro Q4 Results Review: Price Target Cuts Mount After Q1 FY26 Revenue Guidance Cut
- Wipro's Q4 results showed a rise in net profit to Rs 3,588 crore, exceeding estimates, while the revenue guidance for Q1 FY26 was lowered to a degrowth of -3.5% to -1.5% amid macro uncertainties.
- Following the revenue outlook cut, several brokerages, including Goldman Sachs, CLSA, JPMorgan, and Jefferies, reduced their price targets on Wipro.
- Citi maintained a 'sell' rating on Wipro, citing uncertainties due to tariffs and challenging outlook for fiscal 2026, affecting segments like manufacturing, consumer, BFS, and Europe.
- BofA retained its 'underperform' rating on Wipro, emphasizing that the Q4 revenue and Q1 outlook were below expectations, with a focus on improving market shares in European segments.
- Investec reiterated a 'hold' rating on Wipro, forecasting a revenue decline in fiscal 2026, with healthcare being a major detractor and Europe contributing significantly to the revenue fall.
- Overall, Wipro's performance and outlook have led to price target reductions by various major brokerages, reflecting concerns about the company's growth trajectory in the near term.
- The uncertainties in the macro environment, along with challenges in discretionary spending and revenue declines across sectors, have impacted Wipro's stock outlook, prompting caution among analysts.
- Wipro's cash conversion remained strong, but the company's outlook for fiscal 2026 raises concerns about revenue growth and margin expansion, prompting adjustments in earnings estimates by analysts.
- Despite the positive net profit growth reported in Q4, Wipro's lower revenue guidance for the upcoming quarter has raised concerns among investors and analysts, leading to a reevaluation of price targets.
- The industry-wide uncertainties and challenges have contributed to a cautious sentiment towards Wipro's stock, prompting revisions in target prices and ratings by leading brokerages.
- The forecasted revenue decline, coupled with uncertainties in key segments and regions, has led to a mixed outlook on Wipro's performance, with analysts closely monitoring the company's market positioning and growth strategies.
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Bloomberg Quint
1d
138
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Stock Recommendations Today: Wipro, Adani Ports, Angel One, Bharti Airtel, IndiGo On Brokerages' Radar
- Wipro Ltd. faced negative brokerage commentary after issuing weaker-than-expected revenue guidance and highlighting client uncertainty due to global tariff concerns.
- Brokerages like Citi, BofA Securities, and Investec trimmed price targets and earnings estimates for Wipro, anticipating another challenging year for the tech major.
- Morgan Stanley adjusted targets for consumer discretionary names, supporting disruptors like Trent Ltd. and raising price targets for Interglobe Aviation Ltd. in the travel sector.
- Analysts shared their recommendations on various stocks, with Citi retaining a 'sell' rating on Wipro and BofA Securities expecting a growth catch-up in the future.
- Morgan Stanley analyzed companies like Vedant Fashions, Aditya Birla Fashion, Trent, and Brainbees Solutions within the consumer discretionary segment, favoring businesses with strong competitive advantages.
- Adani Ports received positive feedback from Morgan Stanley for its resilient business model and strategy to reduce Ebitda sensitivity to cargo volumes.
- Angel One was recommended as a 'buy' by Investec, with noted earnings growth weaknesses in the upcoming fiscal year.
- HSBC raised the price target on InterGlobe Aviation and noted strong trading trends in the travel and hospitality sector.
- Bharti Airtel was highlighted by Bernstein as a top pick in the telecom sector, supported by strong defensive attributes and ongoing deleveraging.
- UBS shared insights on the Mirabegron litigation outcome, indicating potential challenges for Zydus and Lupin in the pharmaceutical space.
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Bloomberg Quint
1d
15
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Stock Market Live: GIFT Nifty Implies Higher Open; Angle One, Wipro, Lupin, Paytm Share Prices In Focus
- Gold prices hit a record high again due to uncertainty over international trade and the US Federal Reserve's indication of no hurry to reduce interest rates.
- Oil prices rose for a second day as the US vowed to pressure Iran's oil exports and oil inventory declined at Cushing Oklahoma.
- Most markets in the Asia-Pacific region traded higher on progress in trade talks between the US and Japan.
- US share indices fell as concerns over the impact of US tariffs and Federal Reserve Chair Jerome Powell's comments on interest rates rose.
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Bloomberg Quint
1d
68
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Oil Rises A Second Day After US Cracks Down On Iranian Supply
- Oil rose for a second day after the US vowed to reduce Iran’s energy exports to zero.
- Brent crude climbed above $66 a barrel after advancing almost 2% on Wednesday.
- The US Treasury Department sanctioned a Chinese refinery accused of handling Iranian crude.
- Iran warned that nuclear talks with Washington may fall apart if the Trump administration 'moves the goalposts'.
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Bloomberg Quint
1d
366
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Can There Be A Dedicated Index For Young, Listed Startups?
- Startups have become mainstream with around 40 digital-first companies now listed.
- Some experts are backing the idea of a dedicated index for digital and new-age businesses.
- Nifty India Digital is an example of an existing index for such businesses.
- Investors are embracing the 'promise' of these startups.
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Bloomberg Quint
1d
263
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Infosys, HDFC Life Q4 Results Today — Earnings Estimates
- Infosys is expected to see a 0.9% rise in revenue to Rs 42,144 crore compared to Rs 41,764 crore in the previous quarter.
- The net profit of Infosys is likely to decline by 1.3% sequentially to Rs 6,716 crore.
- HDFC Life Insurance is expected to see a 14.6% uptick in the annual premium equivalent.
- The value of new business premium for HDFC Life Insurance is estimated to be Rs 1,400 crore, indicating a 13.7% uptick from the previous year.
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Bloomberg Quint
1d
53
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Stock Market Today: All You Need To Know Going Into Trade On April 17
- Indian benchmark indices closed higher for the third consecutive session with NSE Nifty 50 up by 0.47% and BSE Sensex up by 0.4% on Wednesday.
- Foreign portfolio investors continued as net buyers of Indian equities, while domestic institutional investors were net sellers on Wednesday.
- Key earnings post-market hours included updates from companies like Wipro, Waaree Renewable Technologies, Angel One, and GTPL Hathway.
- Stocks to watch include Zydus Lifesciences, Lupin, One 97 Communications, Gensol Engineering, UltraTech Cement, DLF, and others.
- Notable market developments include ongoing investments, acquisitions, agreements, dividend announcements, and trading tweaks in various companies.
- Bulk/block deals involved companies like Gensol Engineering and Sami Hotels, with trading tweaks seen in securities like Garware Hi-Tech Films Ltd.
- In the F&O segment, Nifty April Futures rose, open interest fell, and specific securities were put under the F&O ban category.
- The Indian rupee strengthened against the US dollar, closing at 85.68 on Wednesday, supported by factors like easing inflation and lower oil prices.
- Overall, the stock market landscape showed positive movements in key indices and various corporate actions influencing investor sentiment.
- Market participants should closely monitor these developments and company-specific news for potential investment opportunities or risks.
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