Mumbai, July 27 (IANS) Shares of Zen Technologies Ltd. fell more than 10 per cent in early trade on Monday after the technology company reported a weak set of earnings for the first quarter of FY27, hurt by lower revenue and a sharp contraction in operating margins.At around 10:50 am, the stock had plunged as much as 10.39 per cent to an intraday low of Rs 1,585.55 on the BSE. It later pared some losses to trade at Rs 1,688.95, down 4.55 per cent.The disappointing quarterly performance has shift…
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New Delhi, July 25 (IANS) Semiconductor and product engineering services provider MosChip Technologies has reported a 77.56 per cent year-on-year decline in its consolidated net profit to Rs 2.45 crore for the first quarter (Q1) of FY27, as lower revenue and margin contraction weighed on its performance.The company had posted a consolidated net profit of Rs 10.92 crore in the corresponding quarter of the previous financial year.Revenue from operations declined 14.29 per cent year-on-year to Rs 1…
New Delhi, July 24 (IANS) Shares of India’s largest private sector lender, HDFC Bank, fell more than 1 per cent in early trade on Friday after three US law firms announced separate investigations into whether the bank may have violated federal securities laws.The investigations were announced by the Law Offices of Howard G. Smith, the Law Offices of Frank R. Cruz and Glancy Prongay Wolke & Rotter through separate press releases.According to the law firms, the investigations are focused on wh…
New Delhi, July 23 (IANS) InterGlobe Aviation — the parent company of IndiGo — on Thursday reported a consolidated net loss of Rs 238 crore for the first quarter of FY27, compared with a profit of Rs 2,176.3 crore in the corresponding period last year.Revenue from operations rose 19.9 per cent year-on-year to Rs 24,584 crore during the April-June quarter, up from Rs 20,496.3 crore a year earlier.However, the company posted a standalone net loss of Rs 382 crore for the quarter ended June 30.Tot…
Mumbai, July 23 (IANS) BSE Index Services Pvt. Ltd. — a wholly-owned subsidiary of BSE — on Thursday launched the BSE Total Market Index (TMI), a new benchmark designed to track the performance of companies representing 98 per cent of the BSE AllCap Index by total market capitalisation.According to the exchange, the index will maintain coverage of at least 98 per cent of the BSE AllCap universe, subject to a minimum of 1,000 constituent stocks, making it one of the broadest benchmarks for the …
New Delhi, July 23 (IANS) Shares of private sector banking stock IndusInd Bank fell more than 6 per cent in early trade on Thursday after the bank posted its June quarter earnings.The banking stock plunged as much as 6.29 per cent to 1002.50, hitting an intraday low of Rs 1,002.50 on the BSE at around 11:50 am.At the last count, the stock was trading at Rs 1,006.75, a decrease of 5.90 per cent.The selling pressure in the banking stock came after the private lender reported a consolidated net pro…
Mumbai, July 21 (IANS) Pharmacy retail chain MedPlus Health Services Limited on Tuesday reported a 21.8 per cent year-on-year (YoY) decline in its consolidated net profit for the first quarter of FY27.The company reported a net profit of Rs 33 crore for the April-June quarter, compared with Rs 42 crore in the corresponding period last fiscal (Q1 FY26), according to its stock exchange filing.Revenue from operations rose 21.8 per cent year-on-year to Rs 1,879.6 crore during the quarter, up from Rs…
New Delhi, July 21 (IANS) Maruti Suzuki India on Tuesday announced that it will increase the prices of its passenger vehicles by up to Rs 30,000 from August 2026, citing a sustained rise in input costs and persistent inflationary pressures.In a regulatory filing with the BSE, the country’s largest carmaker said the price revision has become necessary due to the continuous sustained increase in input costs, despite the company’s efforts to offset higher expenses through cost-reduction initiatives…
New Delhi, July 21 (IANS) Shares of Ather Energy fell about 3 per cent in early trade on Tuesday after the electric two-wheeler maker announced closing of its Rs 1,300 crore Qualified Institutional Placement (QIP), which witnessed robust demand from institutional investors.On the BSE, the stock declined as much as 3.02 per cent to an intraday low of Rs 1,258. At around 12:40 pm, it was trading at Rs 1,277.45, down 1.53 per cent from the previous close.The decline came even as the company announc…
Mumbai, July 20 (IANS) Mahindra Group-owned SML Mahindra Limited on Monday reported a 5.1 per cent year-on-year (YoY) decline in its consolidated net profit to Rs 64 crore for the first quarter of FY27.The company had posted a net profit of Rs 67 crore in the corresponding quarter of the previous financial year (Q1 FY26), according to its stock exchange filing.Revenue from operations rose 13.2 per cent year-on-year to Rs 957 crore in the April-June quarter from Rs 846 crore a year ago, it added …