Shares of International Business Machines (NYSE: IBM) slumped on Thursday after the tech giant reported first-quarter results that fell a bit short of expectations. Revenue of $14.46 billion missed the consensus estimate by $80 million, while adjusted earnings per share of $1.68 was $0.09 below expectations.For the most part, though, IBM's first quarter went well.
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The Choice Broking expert said that the 50-stock index has strong support placed at 22,100 to 22,150 zone and one should maintain the buy-on-dips strategy on every big dip till the Nifty 50 index is above this support zone. On stocks to buy on Monday, Sumeet Bagadia recommended three buy or sell stocks — ITC, Cipla, and UltraTech Cement.
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Yes Bank Q4 Results: Indian Private lender YES Bank posted a significant increase in net profit by 123 per cent on April 27, as opposed to analysts' expectations for the fourth quarter (Q4) of FY24. The bank's net profit surged 123.2 per cent year-on-year (Y-o-Y) to ₹452 crore, compared to ₹202.4 crore in Q4FY23. This growth momentum continued from the previous quarter, with a 95.2 per cent.
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