Markets

Shiprocket IPO Set for Massive Listing Surge as 31% Grey Market Premium Points to Structural Growth Play Shiprocket, a pivotal technology-led e-commerce enablement platform in India, is set to debut on the stock exchanges following its Initial Public Offering. The three-day subscription window begins on August 12 and closes on August 14. With significant interest reflected in the grey market premium (GMP), the IPO has generated considerable buzz ahead of its listing on August 19, 2026.In the private market, Shiprocket shares are trading at a 31% premium above the upper price band of Rs 97. This strong sentiment suggests that investors anticipate robust listing gains as the company capitalizes on India’s expanding digital commerce...

Sadbhav Infrastructure Project Limited Announces Q1 Financial Results, Appoints Two Directors, and Sees Statutory Auditor Resignation Sadbhav Infrastructure Project Limited disclosed its unaudited financial results for the quarter ending June 30, 2026. During a Board meeting held on August 11, 2026, the company approved these financial statements and made significant appointments within the Board of Directors. The company also recorded the resignation of its statutory auditor, effective August 12, 2026.The Board adopted the standalone and consolidated unaudited financial results for the quarter ended June 30, 2026.Personnel and Governance Updates The Board of Directors approved the appointment of Mr. Jaldeep Prakash Patel (DIN...

Vidya Wires Confirms No Deviation in IPO Fund Utilization as of June 30, 2026 Vidya Wires Limited, formerly known as Vidya Wires Private Limited, has confirmed that there was no deviation or variation in the utilization of proceeds raised through its Initial Public Offering (IPO) during the first quarter and three months ending June 30, 2026. The company provided details regarding the allocation and expenditure of funds across various project objectives.The IPO, which was conducted on December 08, 2025, successfully raised INR 2740.00 Million. Vidya Wires maintained that the use of these funds adhered strictly to the objects initially stated in the prospectus. The company also listed Brickwork Ratings India Private Limited as the...

Vidya Wires Limited Reports Un-Audited Financial Results for Q1 FY26 Vidya Wires Limited, a manufacturer of winding and conductivity products, announced its un-audited consolidated financial results for the first quarter and three months' period ended June 30, 2026. The company provided figures comparing the current quarter to the previous year's equivalent period.The results highlight key performance indicators across net sales, EBITDA, PBT, Net Profit, and Earnings Per Share (EPS).ParticularsApril to June 2026 (Quarter)April to June 2025 (Quarter)Net Sales5474.954097.05EBITDA252.25199.98PBT231.53159.45Net Profit171.24120.74Earnings Per Share0.810.76The company, which manufactures super enamel copper wires and...

Reliance Infrastructure Limited Named in Prosecution Complaint Under PMLA Reliance Infrastructure Limited has been named as one of the accused in a Prosecution Complaint (PC) filed by the Enforcement Directorate (ED). The complaint relates to an investigation conducted under the Prevention of Money Laundering Act (PMLA), 2002.The filing was made before the Hon'ble Special Court (PMLA), according to information derived from media reports and a Press Release issued by ED.In response to the development, Reliance Infrastructure Limited stated that it will take all appropriate steps necessary to safeguard its interest as well as the interests of all its shareholders and other stakeholders, as may be legally advised.RELINFRA Stock Price...

Gokaldas Exports Posts 21% Growth in Q1FY27, Driven by African Market and Order Execution Gokaldas Exports Limited reported consolidated total income of ₹1,180 crores for the quarter ending June 30, 2026, marking a 21% year-over-year (YoY) increase. The company also registered an EBITDA of ₹139 crores, up 17% YoY.The performance was bolstered by robust growth in the Africa business, which saw a 45% rise in volume following the AGOA renewal. Simultaneously, the India business grew by 16% YoY, attributing the increase to better order execution and realisations. This achievement comes against a backdrop where Indian apparel exports declined by 12% during the same period.While EBITDA saw growth, margins remained steady at 11.8% for the...

JNK India Delivers Robust Q1FY27 Results with 3.1x Growth in EBITDA JNK India Limited, a specialized combustion equipment company operating in India, has announced its unaudited consolidated financial results for the quarter ended June 30, 2026. The results reflect strong performance across key operational metrics as the company continues to execute large-scale projects and diversify into new energy segments.The company specialises in fired heaters, reformers, and cracking furnaces, offering expanded capabilities that now include critical engineered equipment solutions.Consolidated Financial Performance for Q1FY27 JNK India showcased significant growth across its income and profitability metrics during the quarter. The consolidated...

Piccadily Agro Industries Announces Q2 Financial Results; Approves Statutory Auditor Appointment Piccadily Agro Industries Limited has released its un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. The company also announced a significant decision regarding its statutory auditors following a Board meeting held on August 11, 2026.The Board of Directors approved the review of the quarter's performance across both the standalone and consolidated levels. These results have been presented alongside the recommendation for the appointment of new statutory auditors.Financial Performance Highlights (Quarter Ended June 30, 2026) For the quarter ended June 30, 2026, Piccadily Agro Industries reported...

Ashoka Buildcon Reports Q1 FY27 Results; Highlights Operational Milestones Including LOA Receipts and NHAI Settlement Ashoka Buildcon Limited, an integrated EPC, BOT, and HAM player, released its unaudited financial results for the quarter ended June 30, 2026. The company reported key performance indicators alongside significant updates regarding project acquisitions, settlements, and corporate structure adjustments.Financial Performance and Order Book Summary The standalone financial data shows modest movement across key metrics in Q1 FY27 compared to Q1 FY26.Particulars (Rs. Crs.)Q1 FY27Q1 FY26Y-o-YTotal Income1,320.41,339.1-1%EBITDA125.5150.7-17%EBITDA Margin %9.5%11.3%Profit Before Tax43.043.3-1%Profit After...

Glenmark settles $15 million antitrust dispute with Humana regarding generic drug pricing allegations Glenmark Pharmaceuticals Limited has reached a settlement agreement in connection with ongoing legal disputes concerning alleged anti-competitive conduct in the United States. The company’s US subsidiary, Glenmark Pharmaceuticals Inc., USA (Glenmark USA), agreed to settle a case involving Humana, Inc., over price-fixing and market allocation allegations related to generic pharmaceutical products.The lawsuit originated from multiple antitrust and consumer protection cases consolidated in the Eastern District of Pennsylvania. Since 2016, Glenmark USA has faced more than 35 complaints alleging violations of federal antitrust laws...

Vidya Wires Limited Updates Key Managerial Personnel Authorized for Event Disclosure Vidya Wires Limited has updated its list of Key Managerial Personnel (KMP) who are authorized by the Board of Directors to determine the materiality of events and information, as well as to make requisite disclosures. The update was made during a meeting of the company's Board of Directors held on August 11, 2026.The company confirmed the designations of the KMPs involved in handling event-related decisions and mandatory communications. These personnel are responsible for determining the significance of corporate events and ensuring proper disclosures to stock exchanges.The updated Key Managerial Personnel at Vidya Wires Limited is listed below...

ECO Mobility Reports 16.7% YoY Revenue Growth in Q1 FY27; Active Client Base Expands by 18% Delhi, August 11, 2026: ECOS (India) Mobility & Hospitality Limited ('ECO Mobility') announced its unaudited financial results for the first quarter of financial year 2026-27, which ended on June 30, 2026. The company, a major provider of chauffeur driven managed mobility solutions to corporates in India, reported strong operating momentum across key metrics during the quarter.The company reported that revenue from operations grew by 16.7% year-on-year (YoY), while trip volumes increased by 27%. ECO Mobility added 61 new clients during the period, expanding its active client base to approximately 1,400. Furthermore, the company enhanced its...

Vidya Wires Confirms No Deviation in IPO Fund Utilization as of June Quarter End Vidya Wires Limited, formerly known as Vidya Wires Private Limited, has confirmed that there has been no deviation or variation in the utilization of funds raised through its Initial Public Offering (IPO) during the first quarter and three months' period ended on June 30, 2026. The statement reflects the company’s adherence to the original objects outlined in the IPO prospectus.The IPO was conducted by Vidya Wires Limited on December 08, 2025, raising a total of INR 2740.00 Million. The utilization of these proceeds has been reviewed and reported against the approved objectives for the specified quarter.Fund Allocation Summary The funds raised from the...

Vidya Wires Limited Appoints Jaya Ashok Bhardwaj as Company Secretary and Compliance Officer Vidya Wires Limited has announced the appointment of Ms. Jaya Ashok Bhardwaj as the Company Secretary and Compliance Officer, designating her as Key Managerial Personnel (KMP). The board approved this appointment in a meeting held on August 11, 2026, making her effective from the same date.Ms. Bhardwaj has been entrusted with duties related to determining the materiality of any event or information and handling disclosures related to the company's operations.The appointment follows a recommendation by the Nomination and Remuneration Committee and involves Ms. Bhardwaj holding the designation of KMP.Details regarding the appointed...

Brickwork Ratings Confirms No Deviation in Utilization of IPO Proceeds for Vidya Wires Limited Brickwork Ratings India Private Limited has issued a monitoring agency report confirming that there is no deviation in the utilization of proceeds from the Initial Public Offer (IPO) raised by Vidya Wires Limited. The report covers the First Quarter and Three Month period ended June 30, 2026.The findings confirm the integrity of the use of IPO funds against the objects stated in the issue document, according to the monitoring agency's assessment.Overview of IPO Proceeds The company details the breakdown of its security issuance through the Initial Public Offer (IPO). The fundraising included both Equity Shares from a Fresh Issue and shares...

Flair Writing Industries Reports Strong Growth in Q1 FY27; Highlights Diversification and Expansion Plans Flair Writing Industries Ltd (FWIL), a key player in the writing instruments industry, announced its unaudited financial results for the quarter ended on June 30, 2026. The company reported consolidated revenue growth and positive performance across various segments during Q1 FY27.The consolidated financial figures show that Revenue from Operations stood at Rs. 319.2 crores, marking a 10.6% year-on-year increase. Gross Profit was recorded at Rs. 158.6 crores, showing a 10.0% rise compared to the previous year.Domestic operations contributed Rs. 277 crores in this quarter, achieving a 13% year-on-year growth. The company also...

Foods & Inns Limited Sets Book Closure for Annual General Meeting and Dividend Distribution Foods & Inns Limited has announced the closure of its Register of Members and Share Transfer Books in connection with the company’s 54th Annual General Meeting (AGM) and the distribution of dividends to shareholders.The book closure period is scheduled from Monday, September 21, 2026, through Monday, September 28, 2026. This closure is necessary for both conducting the AGM and managing dividend payouts to investors.The company's 54th Annual General Meeting has been set for Monday, September 28, 2026, at 4:00 P.M.A summary of the key dates and details regarding this corporate action is presented below:AspectDetailsCompanyFoods & Inns...

SKF India Appoints Mukund Vasudevan as Non-Executive Director; Announces Transition SKF India (Industrial) Limited has announced a significant change in its directorial structure, confirming the appointment of Mr. Mukund Vasudevan as a Non-executive, Non-Independent Director. This transition follows his departure from previous executive roles within the company.The Board of Directors, following a meeting held on August 11, 2026 and upon the recommendation of the Nomination and Remuneration Committee, approved Mr. Mukund Vasudevan's appointment to the role. The change is effective from September 1, 2026, and remains subject to shareholder approval.Prior to this appointment, Mr. Mukund Vasudevan had served in an executive capacity...

OnMobile Reports Q1 FY27 Results; ONMO+ Smart Console Launch Drives New Distribution ChannelsBengaluru: OnMobile Global Limited, a leader in mobile gaming and entertainment with operations spanning 41 countries, today announced its consolidated financial results for the First Quarter (Q1) of Fiscal Year 2027. The results reflect the entry into the console gaming market following the launch of the ONMO+ Smart Console through a partnership with Flipkart on June 26, 2026.The company reported that Q1 FY27 revenue stood at INR 1,241 Mn, marking a 3.8% decline quarter-over-quarter (QoQ). However, Gaming Revenue for the same period reached INR 394 Mn, representing a 2.4% increase QoQ. The company reported an EBITDA of INR 15 Mn, which...

Nifty Slips Below 24,500 as Crude Oil Spike and F&O Volatility Dampen Market Sentiment Indian equity benchmarks ended lower on Tuesday, August 11, as investor sentiment faced pressure. The Nifty 50 slipped below the critical 24,500 mark, driven by a rebound in crude oil prices. This decline occurred amid heightened volatility associated with the weekly Futures and Options (F&O) expiry.Analysts are now pivoting focus toward key international data. The upcoming U.S. Consumer Price Index (CPI) release scheduled for Wednesday is expected to provide fresh guidance on global interest-rate expectations, setting the stage for broader market movement.Technical Outlook: Nifty Finds Immediate Support Technical analysis indicates that the Nifty...