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The stock market demonstrated remarkable resilience as several large cap and midcap stocks achieved new 52-week highs on October 31, underscoring their strength and ability to weather market fluctuations.
Pinterest jumped 14.8% as the image-sharing platform beat third-quarter revenue and profit estimates on a stabilizing digital advertising market
Bucking the trend of its Tier-1 IT sector peers, KPIT Technologies increased its constant currency (CC) revenue growth outlook for FY24 to over 37%. EBITDA margin guidance was increased to over 20%.
KPIT Tech Q2 FY24: The company reported CC revenue growth of 51.7% Y-o-Y and USD revenue growth of 54.2% Y-o-Y; CC revenue growth of 9.0% Q-o-Q and USD revenue growth of 8.4% QoQ.
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