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SBI Funds IPO DRHP: India's Largest AMC, Rs 11,693 Crore OFS, SBI And Amundi Selling — All You Need To Know
SBI Funds Management manages mutual funds, portfolio management services, alternative investment funds and offshore funds under the SBI Mutual Fund brand.
Newgen Software shares surge 15% as broad-based IT stocks rally
Newgen Software shares experienced a significant surge, mirroring a broader IT sector advance. The company announced key leadership changes, appointing Tarun Nandwani as CEO. Investors await the Q1 FY27 results on July 16 for business outlook. The stock shows improving technical momentum with a neutral RSI reading. Institutional ownership saw a reduction in the March 2026 quarter.
Stocks in news: TCS, Groww, Shriram Finance, Dixon Tech, Anand Rathi Wealth
Indian markets saw a rebound on Thursday, recovering from Wednesday's sharp sell-off. TCS reported a 5% year-on-year profit growth, and Groww affirmed its direct mutual fund strategy. Shriram Finance is raising funds to reduce borrowing costs after a rating upgrade. Maruti Suzuki plans to add service points, and Dixon Tech will expand smartphone manufacturing. Premier Energies commissioned a solar module facility, and Anand Rathi Wealth saw profit rise.
TCS' next growth phase hinges on AI investments, not just deal momentum
Tata Consultancy Services reported flat dollar revenue and margin contraction in the June quarter. AI revenue shows growth but remains a small part of total earnings. The company paid significant dividends, impacting its ability to invest internally. Sustained order flow and stable attrition offer some long-term hope. TCS needs to balance investor returns with future technology investments.
Nifty Outlook for July 10: Unconvincing recovery hinges on TCS reaction for sustenance
Nandish Shah of HDFC Securities said the 23,800 level remains crucial for maintaining the bullish bias. He added that the index needs to decisively cross 24,200 to improve the near-term technical outlook.
TCS Q1 Results: Profit rises 5% YoY to Rs 13,349 crore; co declares Rs 12/share dividend
TCS Q1 Results: TCS reported a 5% year-on-year rise in Q1FY27 consolidated net profit to Rs 13,349 crore, while revenue grew 14% to Rs 72,275 crore. The company declared an interim dividend of Rs 12 per share, maintained a healthy order book of $9.5 billion, and continued to expand its AI-led business momentum.
How to trade TCS shares before Q1 results? Key levels and 5 things to watch out for
TCS shares exhibit weak technical momentum before upcoming Q1 results. Analysts anticipate flat sequential revenue growth and a profit increase. Key support lies around the 1,985-2,000 zone for traders. Brokerages expect margins to decline due to wage hikes and other factors. Investors will monitor AI's impact and deal wins for future growth.
TCS, Infosys crash up to 55%: Why India's largest mutual fund scheme is still buying
India's largest mutual fund scheme is buying more shares of TCS and Infosys. This buying occurs even as these IT stocks experience significant market value losses. The fund manager's conviction rests on current cash flows rather than future AI narratives. While AI disruption pressures revenue, it also creates new technology spending opportunities. The sector is no longer considered expensive, but earnings visibility remains a concern.
TCS shares dip 2% ahead of Q1 earnings today. What can shareholders expect?
Tata Consultancy Services shares declined as the company prepares to announce its first-quarter results. Analysts anticipate modest profit growth and weak revenue momentum for the IT bellwether. Demand for IT services remains soft due to economic uncertainty and client spending caution. Large deal ramp-ups and AI-led spending may offer some support to growth. The company's stock has experienced significant declines throughout the current year.
India's office market recorded its strongest quarter with gross leasing of 24.6 million sq ft
India's office market recorded its strongest quarter ever in Q2 2026. Gross leasing reached an all-time high of 24.6 million square feet. Developers matched this pace with 21 million square feet of new completions. Global capability centers and flexible space operators drove significant leasing activity. This strong momentum is expected to continue throughout the remainder of 2026.
MF Picks: 13 stocks surge up to 230% in just 3 months; 3 turn multibaggers
Thirteen BSE 500 stocks surged 60%–230% in just over three months after mutual funds increased their holdings in the March 2026 quarter, with HFCL, Cemindia Projects and Aditya Infotech emerging as multibaggers.
Sumitomo Chemical among 4 stocks that closed crossing below VWAP
Four Nifty500 stocks, Zydus Wellness, Sumitomo Chemical India, Max Healthcare Institute, and Zensar Technologies, closed over 1.5% below their VWAP on July 6, indicating potential bearish momentum and increased selling pressure, according to technical scan data.