The grey market premium (GMP) of Hexaware Technologies stands at 1%, indicating a premium of Rs 4-5 per share ahead of its Rs 8,750-crore initial public offering (IPO) opening tomorrow. The said GMP indicates a flat listing of the company’s shares, which are likely to be listed on the bourses on February 19. GMP can…
READ MOREPinterest’s shares rose 20% on Friday as it forecast first-quarter revenue above estimates, indicating that its AI-powered tools would spur ad spend on the image sharing platform. Pinterest has focused on direct response ads, designed to prompt specific actions like app downloads or website visits. Investments in AI tools such as its Performance+ suite for…
READ MOREPalantir stock surged 27% after strong earnings and 2025 guidance. Palantir’s revenue growth is partly driven by its contracts with the US government. Wall Street analysts praised Palantir’s AI growth strategy, raising price targets for the stock. DeepSeek drama may have shaken some investors’ faith in the artificial intelligence trade, but the momentum hasn’t slowed…
READ MOREIndiaMART InterMESH Ltd will report its third-quarter results on Monday, with the company expected to post an adjusted profit after tax (PAT) in the range of Rs 133.4 crore to Rs 140.5 crore, representing a year-on-year increase of approximately 63-72%, according to estimates by brokerages JM Financial and Nuvama. Revenue for the quarter ended December…
READ MOREShares of One97 Communications, parent company of mobile payment application Paytm, climbed as much as 8% on Thursday to Rs 926.95 on the BSE. The rally in the stock price followed brokerage firm Emkay Global upgrading the stock to ‘buy’ from its earlier rating of ‘add’, at a target price of Rs 1,050, which implies…
READ MOREHome First Finance is expected to see a block deal on Monday worth Rs 1,267 crore where 14.7% stake is likely to be on offer. The sellers are likely to be promoter entities True North Fund V LLP (Warburg Pincus) and Aether (Mauritius) Limited along with a non-promoter Orange Clove Investments B.V., a CNBC TV18…
READ MOREBengaluru: Kolkata-headquartered Emami Realty, a key segment of the diversified Emami Group, plans to invest Rs 10,000 crore over the next seven years to expand its real estate portfolio. The company aims to construct approximately 22 million square feet of residential and commercial space across major urban centers in India. “This expansion initiative is projected…
READ MOREMUMBAI: Institutional real estate investment firm Certus Capital has invested Rs 150 crore across two mid-market real estate projects in Mumbai Metropolitan Region (MMR) of real estate developers JSB Group and Dynamix Group.These mid-income housing projects near Mumbai international airport and extended western suburb of Vasai have an aggregate development of 385,000 sq ft and…
READ MOREAdani Group-owned Ambuja Cements’ shares will be in focus on Monday as the company will announce its September quarter earnings later today. The cement maker is expected to report a 43%-61% year-on-year fall in its September quarter profit on lower realisations, according to estimates of a couple of brokerages. Meanwhile, revenue could see a flat…
READ MOREShares of Adani Group owned ACC Limited are expected to be in focus on Thursday ahead of the company’s Q2FY25 earnings announcement. The cement maker could report an year-on-year and sequential loss in its revenue and net profit figures, according to estimates by a couple of brokerages. Sharekhan has estimated ACC’s net sales figures at…
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