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India Today
6 days ago
- Business
- India Today
Did Coforge shares crash 80% today? Here's all you need to know
If you opened your trading app and saw Coforge shares tank nearly 80% on Wednesday, don't panic. This steep fall wasn't a result of a market catastrophe but rather a planned stock IT midcap player went through a 1:5 stock split, which means one equity share with a face value of Rs 10 now equals five shares, each with a face value of Rs 2. It's noteworthy that this is Coforge's first stock split since its listing in might have initially mistaken this adjustment for a loss. Despite the apparent drop, the stock actually opened higher at Rs 1,720.05 on Wednesday, with a 0.60% increase. It was up 1.4% on the BSE at 12:18 STOCK SPLIT The split is designed to enhance liquidity and make the shares more reachable for retail reported a 34% year-on-year rise in net profit, reaching Rs 261.2 crore for Q4FY25. Though revenue came in slightly below estimates at Rs 3,409.9 crore, its operating margin stood at a robust 13.2%. Moreover, the company declared an interim dividend of Rs 19 per share. Analysts had mixed reactions; some upgraded to 'hold', whereas others maintained a 'buy' rating while adjusting target is bullish about its growth trajectory, relying on mega deals, AI-led digital transformation, and improved margins for momentum. These strategies are pivotal for robust growth across its business Broking maintains a cautious optimism, noting, "While near-term conditions may mildly impact key sectors, we have marginally reduced our estimates by 1-3 percent and adopted a conservative view on margin expansion," while keeping a 'buy' rating with a revised target price of Rs 10, workforce increased by 403 employees while attrition decreased to 10.9% in Q4FY25. Utilisation rates have also improved, reflecting the company's strategic focus on operational efficacy. These indicators support its positive outlook for continued growth and adaptability in the changing market landscape.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
India Today
23-05-2025
- Business
- India Today
ITC share price rises 3% today. Check brokerage views and what should investors do?
Shares of ITC Ltd gained over 3% in intraday trade on Friday, bouncing back from a subdued earnings report that initially triggered caution among stock was trading 2.78% higher at Rs 437.95, recovering from Thursday's close of Rs 426.10, as investors appeared to focus on the company's long-term fundamentals rather than short-term reported a modest 0.8% year-on-year rise in standalone net profit for the March quarter, at Rs 4,874.7 crore. But including exceptional gains of Rs 15,179.4 crore, largely due to the demerger of its hotels business, the headline profit surged to Rs 19,561.6 Revenue grew 9.6% from a year ago to Rs 17,248.2 crore. The company also declared a final dividend of Rs 7.85 per share for FY25. The reported figures came with a caveat. ITC restated results for FY24 and FY25, making historical comparisons less ON ITC Q4 RESULTSBrokerages have responded by tempering expectations. While some continue to back the stock on the strength of its cigarette business and potential recovery in FMCG, others raised concerns over margin pressure and sluggish growth in non-tobacco Broking cut its EBITDA estimates for FY26 and FY27 and trimmed its target price to Rs 497, though it retained a 'buy' stance. Nirmal Bang reversed a previous upgrade and now recommends a 'hold', citing limited profit visibility in the near Financial noted that while cigarette volumes remain steady, input cost pressures and marketing spends have dented margins, prompting a downward revision in its target price to Rs 500. Other firms including Nuvama, Elara, and HDFC Securities also pared their estimates and valuations, flagging heightened competition and challenges in these concerns, the stock found support as investors looked past the short-term noise. Analysts say valuations remain reasonable at 25 times FY26 earnings, with hopes pinned on easing raw material costs and improving rural demand in the months now, market watchers suggest keeping an eye on the pace of FMCG recovery and any further signs of pricing strength in the cigarettes business. While the best of margin expansion may be behind, ITC's solid cash flows and consistent dividends continue to appeal to long-term investors.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
Globe and Mail
20-05-2025
- Business
- Globe and Mail
Grant Williamson appointed as Canada Leader for Willis
NEW YORK, May 20, 2025 (GLOBE NEWSWIRE) -- Willis, a WTW business (Nasdaq: WTW), today announced the appointment of Grant Williamson as Canada leader within the Corporate Risk and Broking (CRB) business. In this role, Williamson will partner with the Canadian leadership team and leaders across North America and global specialty lines to drive the Canadian growth strategy through targeted go-to-market initiatives and strengthened local execution. Williamson's appointment reflects the company's commitment to deepening its leadership presence in Canada and driving continued growth in this key market. With 20 years of experience spanning enterprise risk management, property and casualty insurance, and employment practices liability, Williamson has built a strong track record of delivering client-focused risk solutions. He joined WTW in October 2024 as Deputy Regional Leader, Chief Commercial Officer and Head of Strategy & Execution for Willis in Canada. Prior to joining the company, he held key senior roles in the insurance industry, including National Corporate Segment & Central Zone Leader at Marsh and Managing Director of the Toronto Branch at JLT Canada. Based in Toronto, he will report to Ionel Rizea, Chief Commercial Officer, CRB North America. Pat Donnelly, Head of Risk & Broking North America commented, 'Grant brings a clear strategic lens, and his expertise in the Canadian market makes him exceptionally well-suited for this role. His collaborative approach, combined with a client-first mindset, will be key as we expand our Canadian presence.' Ionel Rizea added, 'We are thrilled to have Grant step into this critical role. His deep understanding of the industry and his innovative approach to risk management will drive significant client value and growth for our Canadian business.' About WTW At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk, and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce, and maximize performance. Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. Learn more at Media Contact
Yahoo
15-05-2025
- Business
- Yahoo
WTW appoints Luke Ware as Head of Asia to accelerate regional growth
SINGAPORE, May 15, 2025 (GLOBE NEWSWIRE) -- Leading global advisory, broking and solutions company, WTW (NASDAQ: WTW) today announced the appointment of Luke Ware as Head of Asia, in addition to his current position as Head of Corporate Risk & Broking, Asia, effective immediately. In his new dual capacity, Luke will work closely with all WTW business leaders across Risk & Broking and Health, Wealth & Career to drive innovation, advance and deliver WTW solutions, and serve the people, risk and capital needs of the company's clients in Asia. Luke brings over 20 years of broking and risk management experience and has worked extensively in the insurance sector across markets in Australia, London and Asia. Pamela Thomson-Hall, Head of International at WTW, said: 'Luke has played a pivotal role in the growth and success of our Asia region. He has consistently demonstrated strategic vision, strong leadership and a client-first mindset. Luke's ability to drive performance, while fostering collaboration across teams, makes him ideally suited to accelerate WTW's growth and enhance the value we bring to our clients and colleagues in Asia.' Commenting on his appointment, Luke said, 'I'm honoured to take on this expanded role and excited about the opportunity to work even more closely with our talented colleagues across all our businesses in Asia. We are focused on accelerating our presence in the region to achieve the best outcomes for our clients. In today's complex and volatile environment, this requires a thorough understanding of our clients' needs. With the breadth of our solutions, I believe we can help our clients transform their tomorrows into actionable opportunities and business success.' Based in Singapore, Luke will continue to report to Pamela Thomson-Hall. About WTW At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance. Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. Learn more at Media contact Clara Goh: +65 6958 in to access your portfolio
India Today
29-04-2025
- Business
- India Today
Ather Energy IPO Day 2: Check latest subscription details, GMP and key dates
Ather Energy's IPO is off the blocks, but it is still looking for some real momentum. The electric two-wheeler maker opened its Rs 2,981 crore public offering for subscription on Monday, April 28, and by the morning of Day 2, it had managed to scrape together 17% subscription. Retail investors have shown a bit more life, subscribing nearly 69% of their portion, but overall, the response so far has been is still time though. The IPO will remain open till April 30, giving investors a couple more days to weigh their options. Ather's offering is a combination of fresh shares and an offer-for-sale from existing investors. Notably, even before the subscription window opened, Ather managed to rope in Rs 1,340 crore from anchor investors, a vote of confidence from large institutions who typically set the tone for public price band for the IPO is set between Rs 304 and Rs 321 per share. For retail investors, a minimum application would mean putting up around Rs 14,000 if they are bidding at the lower end of the band. Given the competition and the tendency for oversubscription in buzzy issues, most experts suggest bidding at the cutoff price to improve chances. Employees of the company are also getting a small sweetener, with a Rs 30 per share For those who have already put in their bids and are nervously waiting, the basis of allotment is likely to be finalised by May 2. If all goes to plan, Ather Energy's shares should make their market debut on May 6, on both the NSE and GMPIn the grey market, however, enthusiasm remains muted. The grey market premium, or GMP, for Ather Energy's shares is hovering at just Re 1 above the issue price, suggesting that at least as of now, a massive listing pop is OR NOT?Investors are clearly weighing the potential of Ather's brand and product pipeline against some undeniable red flags. Brokerage views are Broking has advised caution, noting that while Ather is expanding aggressively — including with a major new manufacturing facility in Maharashtra — it continues to post significant of December 2024, its borrowings stood at over Rs 1,100 crore. They believe only well-informed, high-risk investors with a long investment horizon should consider applying, and even then, with moderate the other hand, Ventura Securities has a more optimistic take. They see Ather's strong positioning in the premium EV segment, its fast-expanding charging infrastructure and a robust innovation pipeline as reasons to bet on the company for potential listing also highlight that the upcoming mega facility, Ather Factory 3.0, could be a game changer, boosting production capacity to one million units by Garg from the Lemonn Markets desk echoed a note of caution, suggesting that only aggressive investors with a stomach for risk should consider subscribing. He pointed to the intense competition in the EV space, persistent losses and a lack of visible near-term profitability as major overhangs.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
