Tue, Sep 8, 2020 10:05 PM
HCL Technologies opens new centre in Colombo, to hire 3,000 people
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Meta Platforms (NASDAQ: META) recently presented first-quarter results that exceeded expectations on the top and bottom lines. Instagram, WhatsApp, and Facebook outperformed expectations, but shares of their parent company still fell hard in after-hours trading.Meta stock was down about 15% when the market opened on Thursday, April 25.
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Shares of L&T Technology Services (LTTS) fell 9.5 percent on Friday (April 26) after the IT firm forecasted a 100 basis point decline in its FY25 EBIT (earnings before interest and taxes) margin in guidance. L&T Tech reported a modest 0.2 percent YoY increase in net profit, reaching ₹340 crore, due to slower revenue growth and a reduction in margins. Its revenue grew 5 percent YoY.
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On April 25, 2024, foreign institutional investors (FII) offloaded shares worth Rs 2,823.33 crore, while domestic institutional investors (DII) bought shares worth Rs 6,167.56 crore. In the current trading session benchmark indices trade on a negative note with the Sensex trading substantially lower by 0.59 percent, while Nifty also declined by 0.52 percent.
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