Markets

NewJaisa Partners with Redington to Expand Distribution of Refurbished Computing Products Across India NewJaisa Technologies Limited has entered into a distribution partnership with Redington Limited, aiming to significantly expand the availability and reach of its refurbished computing products across the Indian market. The collaboration combines NewJaisa's specialized refurbishment portfolio with Redington's established technology distribution network.The agreement names Redington as a nonexclusive distributor for NewJaisa's products throughout India. Under the terms of the partnership, Redington will be responsible for reselling these products to various dealers, resellers, and end customers. This strategic arrangement aims to...

Blackstone-Promoted Horizon Industrial Parks Sets Price Band at Rs 57-60 Ahead of Mega ₹2,600 Cr IPO Key Details of Horizon Industrial Parks IPO Horizon Industrial Parks (HIP) has announced the fixed price band for its upcoming Initial Public Offering (IPO). The company, which focuses on industrial and logistics infrastructure, is seeking a valuation of up to Rs 17,300 crore at the upper end of the price band.The IPO is a fresh issue exclusively by the company, aiming to raise ₹2,600 crore from investors. This move aims to strengthen its financial position while expanding its capital base.IPO Schedule and Retail Investor Details The public subscription for the Horizon Industrial Parks IPO is scheduled to commence from August 17 to...

Sensex Plunges 350 Points as Elevated Crude Prices Fuel Market Correction Equity benchmarks Sensex and Nifty experienced a downturn on August 12, with the indices trading in the red due to multiple factors, chief among them being rising crude oil prices. The market saw mixed activity across sectors, despite the overall decline.Daily Performance and Sectoral Trends At the morning trading session, the Sensex was down 348.90 points or 0.45%, settling at 77,805.35. Concurrently, the Nifty index dropped by 113.55 points or 0.46%, closing near 24,358.15. The market saw 1,580 shares advance, against 1,795 declines, with 179 stocks remaining unchanged.Sectoral movement was varied. While the Nifty PSU Bank index showed strength, rising...

Omnitech Jumps 222%: These Missed IPO Stocks Are Exploding Post Cold Debuts, Validating Long-Term Value Over Listing Price Investors who decided to dump these stocks after their underwhelming debuts may now be facing an expensive case of seller’s remorse. A cohort of eleven IPOs that struggled or barely moved on listing day in 2026 have subsequently seen incredible rallies, with gains surging up to 222% from their original offer prices.Eight of these companies closed below their issue prices upon listing, while the remaining three managed limited initial gains of no more than 7.4%. Despite this rocky start for many, the group's average stock price has swung dramatically, moving from an average listing-day loss of 4.4% to a current...

LEAP India Stock Roars to Strong Demand After Rs 2,480 Crore IPO; Investors Check Allotment Status The allotment process for KKR-backed LEAP India's substantial initial public offering (IPO) is set to conclude today, August 12. The company successfully garnered strong investor demand across various categories during its three-day subscription period, confirming the market's interest in its supply chain solutions model.The IPO opened on August 7 and closed on August 11. It was subscribed at a high rate of 8.38 times overall. Exchange data indicates that investors bid for 96,32,58,796 equity shares against the total offer of 11,49,91,735 shares.IPO Subscription Breakdown and Pricing DetailsQualified Institutional Buyers (QIBs) and...

Yulu Raises $93 Million in Series C to Quadruple EV Fleet and Conquer Urban Logistics Market Electric mobility provider Yulu has secured $93 million in a significant Series C funding round. The capital infusion, which comprises $63 million in equity led by GEF Capital Partners and $30 million in debt, marks the company's largest funding round to date. Yulu is using this substantial investment to accelerate its expansion plans across new mobility segments and dramatically scale its operational capacity.The Bengaluru-based technology firm stated that the funds are earmarked for quadrupling its active EV fleet within the next two years. This aggressive scaling plan includes expanding service hubs and strengthening enterprise...

Dhoot Transmission IPO Commands Massive Demand, GMP Signals Near 30% Gains on Day Three Surge The Initial Public Offering (IPO) of Dhoot Transmission continued to attract exceptionally high demand as the bidding period concluded, with the issue being subscribed over five times by early afternoon on August 12. The strong response reflects robust investor confidence in the automotive component manufacturer and its expansion plans.IPO Subscription Details and Market Reception The Rs 3,067-crore IPO received bids for 13,41,13,697 equity shares against a supply of 2,49,56,363 shares. The subscription data revealed that Non-institutional Investors (NIIs) were the primary drivers of demand, subscribing their allocated portion at 15.80 times...

Aaron Industries Limited Announces Quarterly Financial Results for Quarter Ended June 30, 2026 Aaron Industries Limited has announced its Unaudited Standalone Financial Results and Limited Review Report for the quarter ending June 30, 2026. The results were considered and approved by the Company’s Board of Directors at a meeting held on August 11, 2026.The company reported Total Income of 2448.92 Lakhs for the quarter in question. Expenses stood at 2102.82 Lakhs, leading to a Profit before Tax of 346.10 Lakhs. The Net Profit from Continuing Operations was recorded at 256.22 Lakhs.The financial performance metrics for the quarter ending June 30, 2026, are detailed in the table below:MetricAmount (in Lakhs)Revenue from...

Krystal Integrated Services Limited Acquires 100% Stake in Citelum India from EDF Group; Targets ₹350 Crore Revenue from City Infrastructure Segment Mumbai, August 12, 2026: Krystal Integrated Services Limited (KISL), a diversified provider of integrated facility management and ancillary services across India, announced that it has acquired a 100% equity stake in Citelum India Private Limited. The company acquired the stake from its current shareholders, including Citelum S.A.S., France. Citelum India will henceforth operate as a wholly owned subsidiary of KISL.This acquisition marks Krystal's strategic entry into the City Lighting and Urban Infrastructure segment, forming part of its broader goal to build an engineering-led...

Kalyani Forge Posts Strong Q1 FY27 Results; PAT Jumps Over 218% and ROCE Exceeds 20% Target Kalyani Forge Limited announced its unaudited financial and operational results for the quarter ended June 30, 2026, reporting significant bottom-line growth, expanded margins, and achievement of key capital efficiency targets. The company demonstrated resilient operational execution amidst sector shifts.The Q1 FY27 performance showcased substantial improvement across profitability metrics, driven by stringent cost controls and focused capital allocation.Key Financial Highlights for Q1 FY27 Kalyani Forge's financial results reflect a strong quarter, with Profit After Tax (PAT) increasing significantly year-on-year. The company successfully...

IVIS Secures ₹18.4 Crore in Orders from NCR for E-Surveillance Solutions at PNB ATM Sites IVIS International Private Limited, a wholly owned subsidiary of Magellanic Cloud Limited, has secured significant purchase orders from NCR Corporation India Private Limited. The contracts cover the provision of E-Surveillance Solutions across Punjab National Bank (PNB) ATM sites, spanning a five-year period.The multiple Purchase Orders encompass both Capex and Opex components and total approximately ₹18.4 crore. This business development reinforces IVIS’s presence in the Banking & Financial Services (BFSI) E-Surveillance market, particularly concerning large scale, mission critical ATM surveillance deployments.Commenting on the achievement...

Vibhor Steel Tubes Reports 27% Surge in Operating Income as Demand Drives Sales Growth Haryana based steel tubes manufacturer, Vibhor Steel Tubes Ltd (VSTL), reported a significant increase in operating revenue for the quarter ended June 30, 2026. The company's sales growth is attributed to the increasing demand and diversification into high value-added products following the commencement of operations at its Odisha plant.On a standalone basis, Vibhor Steel Tubes registered an operating income rise of 27.16 percent at Rs 293.69 crore for the first quarter of FY2026-27. This is compared to the operating income of Rs 230.96 crore in the same period last year.Despite the strong growth in top line and operational profitability, the...

Big Bets on E-commerce Logistics: Can the Shiprocket IPO Skyrocket? Retail Investors Weigh In on Tech Valuation The anticipation surrounding the upcoming Shiprocket Initial Public Offering is reaching a fever pitch among market participants. As a key player in the rapidly expanding Indian e-commerce ecosystem, the company represents not just a listing, but a proxy for the future trajectory of logistics technology in the nation. The IPO has quickly become a focal point for retail investors and institutional analysts alike, driven by the sheer growth potential embedded within the last-mile delivery space.The market is currently scrutinizing the confluence of rapid sector growth and the valuation being sought by Shiprocket. This listing...

Government Revises PLI Timelines for Ola Electric, Securing Full Five-Year Incentive Window Through CY2031 Ola Electric Mobility Limited has secured significant incentives following a revision of the ACC Production Linked Incentive Scheme timelines by the Ministry of Heavy Industries (MHI), Government of India. The approval allows the company to access up to ₹7,240 crore in cumulative PLI incentives over five years through calendar year 2031.The MHI revision pertains to Ola Cell Technologies Private Limited (OCT), a wholly owned subsidiary of Ola Electric. This revised timeline is critical for Ola Electric's battery business and its ambitious expansion plans, transforming an earlier milestone overhang into a structured financial...

Uber Bike Surges into 100 New Cities, Targeting Bharat’s Tier II and III Markets Uber has announced a significant expansion of its two-wheeler service, Uber Bike, rolling it out to over 100 new cities across India. This move escalates the ride-hailing company's reach beyond major metros, taking its operational footprint in over 220 cities. The strategy is keenly focused on deepening market penetration within Tier II and III towns, bringing millions of potential users onto Uber’s diverse mobility platform.Unlocking Bharat: Why Smaller Cities Are Key to Future Growth The expansion covers small-town markets across 18 states and one Union Territory, with the bike service serving as the initial offering in these new territories. These...

GSP Crop Science Reports Revenue at ₹3,860 Million and Sees 17% Year-on-Year Growth in Profit After Tax GSP Crop Science Ltd., an agrochemical manufacturer of crop protection products, has announced its unaudited financial results for the quarter ending June 30, 2026. The company reported Revenue from Operations at ₹3,860 Million, while Profit after Tax (PAT) increased by 17% year-on-year to ₹264 Million.The consolidated financial summary highlights improvements in operational efficiency, with the Gross Profit increasing 10% year-on-year.Particulars (₹ Million)Q1FY27Q1FY26YoY %Revenue from Operations3,8603,7702%Gross Profit1,4241,29910%Gross Profit Margin36.9%34.5%-EBITDA425424-EBIDTA Margin11.0%11.2%-Profit...

ACME Solar Completes Refinancing of NCDs and Fully Redeems Offshore Dollar Bonds ACME Solar Holdings Limited has successfully concluded the refinancing of existing Non-Convertible Debentures (NCDs) and completed the full redemption of underlying offshore dollar bonds. The financial maneuver involves INR 2,147 crore across 12 operational special purpose vehicles (SPVs), representing a cumulative capacity of 450 MW under the Restricted Group (RG) Structure.The successful transactions bring the total financing raised during the current fiscal for ACME Solar to Rs 8,198 crore. The RG structure encompasses these 12 operational solar assets, with 56% of the overall capacity contracted with Central Utilities such as SECI and NTPC, while the...

EPACK Durable Reports Q1 FY27 Results; Revenue Rises 33.8% YoY Amid Margin Pressure EPACK Durable Limited, a leading living appliances Original Design Manufacturer (ODM), reported record quarterly revenue for the quarter ended June 30, 2026. The company saw a 33.8% increase in total operating revenue compared to Q1 FY26, driven primarily by strong performance in Air Conditioner (RAC) and Small Domestic Appliance (SDA/LDA) segments. However, EBITDA margin compression was noted, with the company reporting a flat year-on-year EBITDA figure.Operational Snapshot and StrategyEPACK Durable is profiled as one of India's top ODM/OEM partners for room air conditioners and a fast scaling player across various small and large domestic...

Horizon Industrial Parks IPO: Blackstone-backed logistics giant sets Rs 2,600 crore price band amidst massive asset portfolio Horizon Industrial Parks has formally set the price band for its upcoming Initial Public Offering (IPO), targeting a total raise of ₹2,600 crore. The issue, structured entirely as a fresh equity share issuance and lacking an Offer For Sale (OFS), is slated to begin subscription on August 17 and conclude on August 19. This listing presents a significant opportunity for investors interested in the fast-growing industrial real estate sector.Anchor investor bidding for this IPO will commence on August 14, providing early access to institutional buyers. Retail participants can acquire a single lot, which comprises...

Ardee Industries IPO Set to Surge: 27% GMP and Stellar Subscription Point to Listing Rally Ardee Industries is poised for a significant stock market debut today on the BSE and NSE, fueled by robust grey market sentiment. The company's Initial Public Offering (IPO) is currently trading at a strong 27% grey market premium (GMP), indicating that shares are expected to list comfortably above their issue price.The anticipated strong listing comes after an overwhelmingly positive subscription response during the IPO period (August 5 to August 7). This stellar demand reflects deep investor appetite across all categories, positioning Ardee for a potentially high-flying debut.IPO Details and Subscription AnalysisThe Rs 425.87 crore IPO...