Latest news with #Technologies
India Today
2 days ago
- Business
- India Today
Explained: Why HCLTech shares are down 4% today
Shares of HCL Technologies fell sharply on Tuesday morning, sliding nearly 4% in early trade after the company announced its financial results for the first quarter of the financial year 2025-26 (Q1 FY26).The IT firm reported a drop in profits, which did not meet market expectations, leading to negative investor stock touched a day's low of Rs 1,550.50 and was trading at Rs 1,559.95, down 3.7% as of 10:34 am. Over the past few days, HCLTech has been under pressure. The stock has declined 7.9% in the last five trading sessions, 9.58% in the past month, and over 14.6% in the past six Technologies, the third-largest IT services company in India by market value, posted a 10% year-on-year decline in consolidated net profit for the June quarter. The profit came in at Rs 3,843 crore compared with Rs 4,257 crore in the same period last year. This was also below analyst expectations, which had pegged the figure at around Rs 4,224 lower-than-expected profit weighed on investor confidence, pulling the stock down despite a rise in overall from operations grew 8% year-on-year to Rs 30,349 crore, slightly above market estimates of Rs 30,340 crore. Sequentially, revenue rose just 0.3% from Rs 30,246 crore in the March 2025 quarter (Q4FY25).This marginal growth has raised concerns about the company's near-term growth momentum, especially in a global environment where many IT clients are cautious about announced an interim dividend of Rs 12 per share for the current financial year. The company said that the record date for this dividend is July 18, 2025, and the payout will be made on July 28, the dividend announcement reflects the company's commitment to returning value to shareholders, it did little to lift market sentiment in the face of weaker profit a statement on the results, Roshni Nadar Malhotra, Chairperson of HCL Technologies, said the company remains 'intensely focused' on the ethical use of artificial intelligence (AI) and is working to ensure that its AI solutions create positive social added, 'AI has become integral to the business growth of global enterprises. HCLTech's capabilities and strategic partnerships ensure our AI-led solutions are practical, comprehensive and significant value creators to our clients.'The company has also made minor changes to its FY26 guidance but stressed that AI will play an increasingly important role in shaping its services and offerings going forward.- Ends advertisement
Economic Times
3 days ago
- Business
- Economic Times
Tata Technologies Q1 results today, shares down 50% from peak. Here's how to trade
The IT major Tata Technologies is set to announce its results for the first quarter of FY26 later in the day. The shares of Tata Technologies are currently trading near Rs 700, down 50% from their peak of Rs 1,400, which was hit on the day of the stock's listing in November 2023. ADVERTISEMENT Technically, the stock is trading below all its significant daily exponential moving averages and is oscillating near the 44 mark on the RSI. Tata Technologies shares remain under firm bearish control with no signs of a reversal yet, as they continue to trade below key moving averages, reinforcing the downtrend. In this bearish scenario, how should one trade Tata Technologies shares ahead of its Q1 results?Ajit Mishra, SVP – Research at Religare Broking, said, 'Currently, the stock is consolidating in a narrow range of Rs 695–Rs 720, and a breakdown below this zone could accelerate the decline toward Rs 650 or even lower.' On the upside, he noted that a decisive breakout above the upper band of this range could take the stock toward Rs 735, where multiple resistance levels exist. ADVERTISEMENT 'The stock's structure appears sideways too weak, and participants should align their positions accordingly,' Mishra Technologies shares: Historical performance ADVERTISEMENT Over the past year, Tata Technologies shares have declined by 31.75%. On a year-to-date (YTD) basis, the stock is down 20.88%, while over the last six months, it has fallen 11.89%. In the past three months, the stock has gained 11.48%. However, over the last month, it has declined by 6.38%.As of around 12:30 pm today, Tata Technologies shares were trading 0.5% lower at Rs 704.55 on the BSE. ADVERTISEMENT Also read: Jane Street complies with Sebi, deposits Rs 4,843 crore in escrow account (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Yahoo
25-06-2025
- Automotive
- Yahoo
ITT Stock Exhibits Strong Prospects Despite Persisting Headwinds
ITT Corporation ITT is poised to gain from strength across its segments. The Industrial Process (IP) segment is benefiting from solid momentum in the short-cycle business within the energy and industrial markets. Growth in demand for parts, services and valves is aiding the segment. The acquisition of Svanehøj also bodes well for the IP segment. An increase in component and connector sales within the defense and industrial markets is supporting the Connect and Control Technologies (CCT) segment. Also, the acquisition of kSARIA augurs well for the segment. Strong demand for the company's brake components and specialized sealing solutions, shock absorbers and damping technologies in OEM and rail transportation markets is likely to drive the Motion Technologies (MT) segment's performance in the quarters solidified its product portfolio and leveraged business opportunities through asset additions. Acquisitions contributed 6.3% to the company's sales in first-quarter 2025. In September 2024, ITT acquired kSARIA Parent, Inc. The acquisition enhanced its portfolio of connectivity solutions for the defense and aerospace end markets, technological capabilities and market reach, driving growth and operational efficiency. The January 2024 acquisition of privately held Svanehøj Group A/S (Svanehøj) expanded ITT's offerings, particularly in the marine pumps market. The acquisition of Micro-Mode Products, Inc. in May 2023 boosted the company's product portfolio and customer base, specifically for long-term defense programs. It also grew its North America connectors platform, enhancing the CCT is committed to rewarding its shareholders through dividends and share repurchases. During the first quarter of 2025, the company paid out dividends of $28.7 million and repurchased shares worth $100 million. The quarterly dividend rate was hiked by 10% in February 2025. In the past year, this Zacks Rank #3 (Hold) company has gained 21.6% compared with the industry's 6% growth. Image Source: Zacks Investment Research However, the company has been dealing with the negative impact of high operating costs and expenses over time. In 2024, its cost of sales recorded a year-over-year increase of 9.6% due to rising raw material and labor costs. Also, the company's sales and marketing expenses rose 18.2% year over year in the same period due to increasing personnel and other sales-related costs. The trend continued in first-quarter 2025, with sales and marketing expenses rising 6.2% and general and administrative expenses increasing 19.3% year over its substantial international operations, foreign-currency woes are also likely to hurt its top line in the quarters ahead. For instance, in the first quarter, foreign currency translation reduced revenues by $16 million. Some better-ranked companies are discussed below:Life360, Inc. LIF currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks delivered a trailing four-quarter average earnings surprise of 425%. In the past 60 days, the Zacks Consensus Estimate for Life360's 2025 earnings has increased 20%.Federal Signal Corporation FSS currently carries a Zacks Rank #2 (Buy). FSS delivered a trailing four-quarter average earnings surprise of 6.4%.In the past 60 days, the Zacks Consensus Estimate for Federal Signal's 2025 earnings has increased 1.6%.Broadwind, Inc. BWEN presently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 61.1%.In the past 60 days, the consensus estimate for BWEN's 2025 earnings has increased 14.3%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ITT Inc. (ITT) : Free Stock Analysis Report Federal Signal Corporation (FSS) : Free Stock Analysis Report Broadwind Energy, Inc. (BWEN) : Free Stock Analysis Report Life360, Inc. (LIF) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Glasgow Times
19-06-2025
- Business
- Glasgow Times
South Lanarkshire apprentices win at SPAY 50 competition
The event, held at South Lanarkshire College in East Kilbride on June 13, saw 40 finalists from across Scotland compete in three technical challenges: Copper, Leadwork, and Renewable Technologies. The competition, organised by the Plumbing and Heating Federation (SNIPEF), celebrates craftsmanship, innovation, and professionalism among plumbing and heating engineers. Testing precision, craftsmanship and real-world problem-solving skills in one of the most fundamental areas of plumbing installation (Image: Supplied) Calum MacRitchie from Hamilton, an apprentice with Malcolm McArthur & Son Ltd, won the BPEC SkillPLUMB Copper competition. Calum said: "It feels really good to win the competition, though it was a bit of a surprise on the day, to be honest. Read more: Former Rangers boss 'risks career' by taking role at Liverpool, pundit claims 'Should have realised': Lorraine Kelly says daughter was 'terrified' to share secret 'Why did you open your chequebook?' - Warburton questions Rangers spending "I took part in 2024 and was disappointed with my performance, so it's great to see my improvement after putting in a lot of hard work over the past year." Arren John MacMillan from Carluke, an apprentice with John Frood & Sons, claimed first place in the Renewable Technologies category. Preparing the next generation of plumbing professionals to install and maintain low carbon heating systems, including heat pumps, which will become an increasingly important part of the job (Image: Supplied) Arren, also a student at South Lanarkshire College, said: "It's surreal, and a really good end to a difficult week. "I didn't expect to win, so it's a really nice surprise. "But I couldn't have done it without the team. "The lecturers here aren't just your teachers, they're like your best pals – it makes it so much easier." The Renewables category saw Connor Moir take second place while Taylor White clinched the second spot in the Leadwork category. Stephanie Lowe, deputy chief executive of SNIPEF, applauded the apprentices' achievements: "The performances from both South Lanarkshire College and UHI Moray highlight the incredible commitment across Scotland's college network to delivering world-class apprenticeship training. "These apprentices are not just gaining practical skills, they are building future-proof careers that will help drive innovation, sustainability and excellence across our profession. "Apprenticeships continue to play a vital role in tackling skills shortages, supporting economic resilience, and opening life-changing opportunities for young people in every community."
Mid East Info
19-06-2025
- Business
- Mid East Info
500 Global and Sanabil Investments Announce Batch 9 of the Sanabil Accelerator by 500 Global - Middle East Business News and Information
Nine companies will present live at Demo Day on July 2, 2025, at Sanabil Hub in Riyadh RIYADH, Saudi Arabia: 500 Global, a multi-stage venture capital firm, and Sanabil Investments, a financial investment company wholly owned by the Public Investment Fund (PIF), announce the ninth batch of the Sanabil Accelerator by 500 Global. This new cohort aims to foster innovation and drive growth across various sectors, including AI, Fintech, Edtech, Climate Tech, SaaS, and Proptech. Out of 850+ applications received, nine promising companies have been selected for their potential to drive innovation and address critical market needs. Demo Day will take place on Wednesday, July 2, 2025, at Sanabil Hub in Riyadh, with a curated group from the venture capitalist community in attendance. Building on the success of past batches and the acceleration of 98 startups, the program continues to evolve. This year's program included new elements designed to provide a more personalized and focused experience throughout the 12-week journey, helping startups leapfrog and scale. 'Since the inception of the accelerator program we have focused on investing and supporting founders that are aiming to disrupt the norms in the sectors and markets they operate in. As we progress in our batches, we see a better understanding from founders of the challenges regional and global markets face, as well as a deeper focus on developing the solutions they create to be more user-centered. We believe that this evolution of market expertise, paired with improved access to technical expertise and resources, has poised these founders with the unique potential to help build startups ready to scale. We are very honored to have every founder in this batch and can't wait to see them thrive and grow,' said Amal Dokhan, Managing Partner at 500 Global MENA. 'Our leadership within the venture capital community is reinforced as more entrepreneurs apply to Sanabil Accelerator by 500 Global than ever before, seeking support to develop their ideas and achieve success in Saudi Arabia and abroad. We are attracting and enabling the brightest minds and best technologies that are improving people's lives worldwide, fortifying the economy, and making the world a better place for all. We can't wait to show the region and the world this next wave of innovators, thinkers, and builders,' said a spokesperson at Sanabil Investments. The following is the list of Batch 9 companies that have made it through to the final round: CarbonSifr – AI sustainability platform enabling businesses to easily measure and reduce their emissions. – AI sustainability platform enabling businesses to easily measure and reduce their emissions. Endl – A stablecoin powered cross border payment platform with instant settlement and minimal fees. – A stablecoin powered cross border payment platform with instant settlement and minimal fees. Feesable Technologies – Gives SMEs upfront cash for unpaid invoices with same-day credit decisions. – Gives SMEs upfront cash for unpaid invoices with same-day credit decisions. LIVSHO – A live-shopping marketplace where sellers auction products in real-time livestreams, turning viewers into instant buyers. – A live-shopping marketplace where sellers auction products in real-time livestreams, turning viewers into instant buyers. Raff – Bridges the gap between sellers and retailers, offering a single platform that simplifies offline/online distribution and inventory management – Bridges the gap between sellers and retailers, offering a single platform that simplifies offline/online distribution and inventory management ReMatch – Enables real estate agents to share their buyers and listings with each other to turn lost deals into closed ones. – Enables real estate agents to share their buyers and listings with each other to turn lost deals into closed ones. Schedex – A workforce management tool that cuts labor costs for F&B businesses by up to 15%. – A workforce management tool that cuts labor costs for F&B businesses by up to 15%. TwentyToo – Enables retailers to anticipate market demand and optimize pricing strategies by analyzing real -time performance data across millions of SKUs. – Enables retailers to anticipate market demand and optimize pricing strategies by analyzing real -time performance data across millions of SKUs. Vennre – A wealth creation platform that gives high-earners access to private market investments, previously reserved for institutional investors. With the ninth program group concluding in July, applications for the tenth cohort are open. Startups from across the MENA region are invited to join a growing community of ambitious founders shaping the future of innovation in the region.
