7h ago
HDFC Bank shares fall 2% after Q2 results as Jefferies, Motilal Oswal analysts weigh in
HDFC Bank reported a net profit of Rs 19,510 crore for the second quarter of FY27, up 4.6% from a year earlier. Net interest income rose 9.7% to Rs 34,620 crore, while net interest margin came in at 3.16% on total assets. The stock fell as much as 2% after the results. Jefferies maintained its 'Buy' rating with a target price of Rs 880, and Motilal Oswal, Systematix and Emkay also stayed positive, with attention on margin recovery and the leadership transition.
7h ago
7h ago
Anthropic's $2 Trillion IPO Bid Runs Into Cloud Giants' Distribution Edge
Anthropic plans to go public in November with a $2 trillion valuation target. The AI startup reported third-quarter revenue of $16.8 billion, a quarter-on-quarter growth rate of roughly 50%, down from 140% earlier this year. The three tech giants, buoyed by their infrastructure and distribution advantages, have seen their shares rise an average of 10% since the start of 2026, a sign that competition may be shifting from technological leadership toward control of channels.
7h ago