Oracle’s latest earnings offered investors relief as stronger-than-expected revenue and a smaller cash burn eased concerns over its heavy AI spending. The company’s revenue backlog surged to $664 billion, while customer prepayments helped fund capital expenditure. Oracle shares rose 4% after market as investors gained confidence in its AI growth strategy.
Bernstein has named Paytm its top pick, citing strong merchant lending growth, operating leverage and potential UPI MDR as key earnings drivers. The brokerage has set a Rs 2,200 target, implying further upside, while flagging key downside risks.
Hong Kong is seeing finance professionals return as a strong IPO market, rising corporate investment and deeper China links revive its appeal as a global financial hub. Hiring is picking up across wealth management, asset management, AI, compliance and risk.
Oracle shares jumped after the company beat quarterly revenue and earnings estimates, while cloud infrastructure revenue more than doubled year on year. Strong AI cloud contracts and higher forecasts boosted sentiment despite concerns over massive capital spending.
SBI is set to potentially book a massive profit from the NSE IPO by selling up to 1.60 crore shares acquired at a weighted-average cost of just 80 paise each. At the upper price band of Rs 1,785, the stake sale could fetch around Rs 2,850 crore, implying a staggering 223,025% return.
Hero Motors, the Munjal family-controlled automotive technology company, is set to enter Dalal Street with a Rs 1,000 crore IPO. The company, distinct from listed Hero MotoCorp, traces its roots to the Hero Group and has expanded into powertrain systems and components for global automotive and mobility customers.
India’s stock market is poised for a broader recovery as four core cycles—macroeconomics, corporate earnings, credit growth, and market sentiment—align positively. Nimesh Chandan, CIO of Bajaj Finserv AMC, highlights these improving indicators as a key foundation for sustained equity growth, provided earnings momentum continues and global market headwinds soften.
GameStop shares gained after CEO Ryan Cohen bought 1 million shares in the open market. Strong collectibles sales, higher adjusted EBITDA guidance and improved profitability are adding to investor optimism despite a decline in overall revenue.
HDFC Bank shares fell despite the rejection of all seven Bahrain cases linked to Credit Suisse AT1 bonds. The stock remains under pressure amid governance concerns, recent losses and investor focus on earnings, while brokerages maintain positive views.
The Nifty Midcap 150 has gained around 11% over the past year, outperforming the Nifty’s 6% decline. However, the gains have been uneven, with more than half of its constituents still in the red and some down as much as 70%. SKF India, KPIT Tech, Syngene International, RVNL, Tata Elxsi and Emami are among the notable laggards.
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