Blue Star Ltd Slides 1.98%
Blue Star Ltd fell 1.98% today to trade at Rs 1753.5. The BSE Consumer Durables index is down 0.96% to quote at 59357.66. The index is down 1.11 % over last one month. Among the other constituents of the index, Whirlpool of India Ltd decreased 1.76% and PG Electroplast Ltd lost 1.18% on the day. The BSE Consumer Durables index went up 1.35 % over last one year compared to the 1% surge in benchmark SENSEX.
Blue Star Ltd has lost 3.14% over last one month compared to 1.11% fall in BSE Consumer Durables index and 4.12% drop in the SENSEX. On the BSE, 1870 shares were traded in the counter so far compared with average daily volumes of 14869 shares in the past one month. The stock hit a record high of Rs 2419.95 on 06 Jan 2025. The stock hit a 52-week low of Rs 1521.2 on 30 May 2025.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
22 minutes ago
- Time of India
AI Impact: Big discounts in IT deals hurt, but tech spend set to rise, says Coforge CEO
Major clients renewing IT contracts at 30-50% lower rates, citing increasing use of artificial intelligence (AI), is deflationary for the outsourcing industry, Coforge chief executive Sudhir Singh said. At the same time, however, technology spends on transformational projects are on the rise, he told ET in an interview.'Every time there is a disruptive technology, tech spend as an aggregate always increases,' Singh said, adding that Coforge aims to capitalise on $283-billion outsourcing industry's clients globally are seeing a contraction in the investments on 'run budgets' such as infrastructure, maintenance, and testing, he noted.'Having said that, there is no enterprise which is saying that with AI having come in, we will reduce our spend on technology. They understand it is a massive lever for driving change and transformation,' Singh AI disruption and an uncertain macro environment, Indian software service providers are facing heightened cost pressures on account of a fundamental shift in their deals and seems to have bucked that mid-tier IT firm won a $1.5-billion deal from US firm Sabre through request for proposal (RFP) in the March quarter, beating two large IT service the June quarter, the Noida-and-New Jersey-headquartered firm won five large deals, with total orders worth $507 revenue rose 8.2% sequentially in rupee terms and by 9.6% in dollar terms to Rs 3,688.6 crore, or $442.4 million. Year-on-year, the revenue grew 54% both in rupee and dollar terms, supported by the Cigniti acquisition. Margins improved to 17.5%, from 16.9% in the preceding quarter, but declined from 18% a year comes at a time when most larger peers are witnessing a sub-5% revenue growth and Coforge's immediate rivals are seeing a margin of March end, the company is the eighth largest Indian IT firm with a revenue of $1.45 billion for FY25, behind Mphasis , which reported a revenue of $1.68 billion for the 2020, NIIT Technologies was rebranded as Coforge a year after it was taken over by Baring Private Equity Asia. Its revenue was $600 million then.'We were a small cap,' Singh said. 'When we came was three times our size. We will, I think, take over Mphasis next quarter, we should be the biggest mid cap.'Coforge has been reporting stronger growth than larger industry peers, steadily climbing the ranks among the top 10 IT also expects the company's margin to go up by at least 140 basis points, or 1.4 percentage points, in FY26 despite subdued demand and macro environment. 'We'd be very comfortable growing around 18-19% in the short term, till we hit $5 billion,' he also underlined that there is no material de-hyphenation of revenue-to-headcount growth at present and majority of the impact on jobs is still on select AI-based fixed-price and milestone-based contracts continue to demand employees and Coforge will continue to increase its workforce as of now, he clients are looking to slash the run budget, they are increasing the 'change budget,' which used to be called the development projects.'These days, we call it transformation projects. Such projects' conversion does not happen through RFPs (request for proposals) as enterprises are still not yet fluent on how to apply AI to drive such projects,' Singh said.'We, for one, try to focus more on the change bucket, where you don't have to compete with an RFP that has come out,' he added.
&w=3840&q=100)
Business Standard
22 minutes ago
- Business Standard
Banks fund India's digital payments while fintechs reap the revenue
UPI cost burden reaches Rs 8,500 crore annually as third-party apps dominate customer engagement Peerzada Abrar Bengaluru Listen to This Article Indian banks are bearing an annual ₹8,500 crore cost burden to operate the country's digital payments infrastructure while fintech competitors leverage this network to generate revenue from lending and financial services, according to a report by fintech firm Zeta. 'A central irony in the UPI model is that banks shoulder much of the cost while the rest of the ecosystem captures its value and visibility with users. With zero MDR (merchant discount rate) in place, nearly all operating costs, transaction processing, infrastructure maintenance, fraud mitigation, and compliance, fall on issuing banks. Industry estimates peg annual UPI operating costs at ₹10,000
Economic Times
22 minutes ago
- Economic Times
Private credit investments up 53% in H1 led by SP Group deal
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
