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A student who allegedly hacked IIT Kanpur and IIT Madras websites after being denied admission to a cybersecurity programme may get a second chance. IIT Kanpur plans to assess his skills while warning against illegal system access.
The brokerage highlighted that Asian Paints' strong volume growth performance for a fourth straight quarter cements an upward shift in the trajectory; nevertheless, it factors in near-term volume growth at the lower end of the guided range in view of the base now turning high.
Shares of Balkrishna Industries Ltd surged over 10% post Q1FY27 earnings, reaching Rs 2284.80 amid strong financial performance.
Operating performance also improved, with earnings before interest, tax, depreciation and amortisation (EBITDA) rising 10.9% YoY to Rs 741 crore from Rs 668 crore. EBITDA margin stood at 19.7%, compared with 19.6% in the year-ago quarter.
The stock fell as much as 6.28% to an intraday low of Rs 2,566.05 per share. At around 9:19 am, the shares were trading 5.85% lower at Rs 2,577.80 apiece. In comparison, the BSE Sensex was trading largely flat at 77,651.
Shares of Redington surged as much as 17.7% after the opening bell on Thursday, July 30 after the company's June quarter net profit surged 77%.
MV Electrosystems IPO opens today with a GMP indicating a 23% listing premium. Check price band, lot size, key dates and company details.
Asian Paints' Q1 performance was driven by both higher volumes and value growth in its core decorative paints business. Its shares fell as much as 2.87% to Rs 2,688 apiece in early trade.
The brokerag highlighted that Indegene is the only listed, pure-play life sciences commercialisation company at scale, with global rivals like EVERSANA and Syneos, and its 18%+ earnings growth comfortably supporting a valuation toward the lower-middle end of Indian IT-services peer range.
Nifty IT rose 1.68%, while Auto gained 0.47% and Pharma advanced 0.37%. Nifty Realty fell 0.83%, followed by PSU Bank down 0.49% and Bank lower by 0.47%.
