Shares Rally for KPIT, Bitfarms Sells Sites Amid Tough Market

On January 30, several companies saw notable gains in their stock prices, reflecting positive earnings reports and upgrades. KPIT Technologies Ltd reported a 19.27% YoY increase in net profit, prompting a rise in its shares, while Acme Solar Holdings experienced a 10% surge following a significant profit increase of 152.1% YoY. Bajaj Finance's stock climbed 6% to a record high, driven by strong earnings and optimistic forecasts from analysts. SpiceJet shares also rose by over 3% after receiving a 'BB-' rating with a stable outlook, indicating steady financial recovery. Meanwhile, the Nasdaq Composite faced a decline of over 100 points amid broader market volatility, with notable stocks like Tesla and NVIDIA under pressure, although Tesla rebounded after hours. This mixed market activity highlights the ongoing volatility and varying performances across sectors.