Markets

Piper Serica Accelerates Fundraising Pace as Bharat Tech Fund Garners Rs 300 Crore in 45 Days Venture Capital Firm Secures Quick Win for Deeptech Focus Venture capital firm Piper Serica announced a rapid success of its new initiative, the Bharat Tech Fund. The firm stated that it has successfully raised ₹300 crore from investors within just 45 days of launching the fund. This swift response signals strong investor interest in India's high-growth deeptech ecosystem.The funding target for the overall Bharat Tech Fund is set at a substantial ₹800 crore. Piper Serica detailed that this capital infusion will be dedicated to fostering specialized technology startups across critical sectors. These areas include semiconductors, defence...

Optimystix Entertainment IPO Opens: GMP Surges Amid Robust Q3 Earnings, Targeting 39% Profit Jump The Optimystix Entertainment SME Initial Public Offering (IPO) is set to launch today, August 7, providing investors a chance to participate in the content production giant's public listing. The issue has been priced within the range of Rs 166-Rs 175 per share, and it is expected to debut on the NSE SME platform on August 14, 2026.The IPO comprises a fresh issue of 50 lakh equity shares worth Rs 87.5 crore, complemented by an Offer for Sale (OFS) of 12 lakh shares aggregating Rs 21 crore. This makes the total issue size stand at Rs 108.5 crore. The subscription period runs from August 7 to August 11, 2026, with allotment expected on...

Ola Electric Jumps 31%: Analyst Weighs Upside Potential Against Execution Risks Ola Electric Mobility shares have seen a significant recovery over the last six months, with stock value surging by 31% from its March low and nearly doubling. The company is currently trading at around Rs 41 apiece, having witnessed substantial fluctuations since its market debut in August 2024. Analysts remain divided on the near-term trajectory, highlighting that while operational momentum has improved, caution regarding execution risks remains warranted.Stock Performance and Recent Catalysts The shares of Bhavish Aggarwal’s company experienced a dramatic reversal after previously rallying sharply to hit a lifetime high of Rs 157.40 earlier this year...

Brightcom Group to Hold Board Meeting to Review Q1 FY2026-27 Financial Results Brightcom Group Limited, formerly known as Lycos Internet Limited, has scheduled a meeting of its Board of Directors to review its financial performance for the first quarter of the fiscal year 2026-2027. The board meeting is set for Friday, August 14, 2026.The primary agenda items for the gathering include reviewing and considering the Unaudited Standalone Financial Results of the Company for the quarter ended June 30, 2026 (Q1 FY2026-27). These results will be reviewed alongside the Limited Review Report provided by the Statutory Auditors.In addition to the standalone figures, the meeting is also scheduled to consider the Unaudited Consolidated...

Crude Oil Prices Surge Amid Strait of Hormuz Fears, Limiting Bullish Rally for Sensex Indian stock markets were set for a muted start on Friday, with domestic indices bracing amid geopolitical uncertainties and rising crude oil prices. The GIFT Nifty registered a decline this morning as global caution and overnight losses in Western markets weighed against potential rally momentum.Global Risks Elevate Crude Oil Prices Uncertainty surrounding the Strait of Hormuz has re-intensified geopolitical risks, leading to a sharp rise in commodity prices. Brent crude futures climbed 1.2 percent to $83.48 a barrel, while US West Texas Intermediate crude surged 1.1 percent to $78.84.The escalation follows renewed concerns after Iran and Oman...

Technocraft Ventures IPO Smashes Expectations: 8% Grey Market Premium Signals Robust Growth for Infra Player The Rs 251.88 crore Technocraft Ventures IPO opens today, August 7, and is set to run until August 11. The issue presents investors with a chance to participate in the infrastructure space as the company seeks funding for its operational growth.Currently, the stock is commanded an upbeat mood in the grey market, trading at an estimated 8% premium. This sentiment suggests strong demand ahead of the official listing and allocation process.IPO Details and Listing Timeline The offering comprises two components: a fresh issue of 95 lakh shares valued at Rs 201.51 crore, and an Offer For Sale (OFS) component consisting of 24 lakh...

Must Act Now: Rush to Secure Dividends as Jio Financial and Indus Towers Set Ex-Record Dates Around nine companies are set to turn their ex-record dates on Monday, setting a critical deadline for investors who wish to be eligible for dividend payouts. Today represents the final opportunity for interested buyers to purchase these shares to ensure they are credited with the associated corporate actions. This rush is driven by SEBI’s T+1 settlement cycle, which mandates that shares must be acquired one trading day before the record date.Last Day to Buy for Dividend Eligibility Investors who intend to receive dividends from these listed firms must complete their purchases today. The mandatory timing ensures that the company's shares are...

LEAP India IPO Surges Amid Strong Sentiment; Check GMP and Pricing Details Before Subscription LEAP India is set to launch a highly anticipated Initial Public Offering (IPO) today, offering investors a deep dive into its rapidly expanding logistics and asset-pooling business. The company has fixed the IPO price band at Rs 151–159 per share for the issue. This listing presents a significant opportunity given the robust market sentiment surrounding the firm.The IPO offers a fresh issue of 3.02 crore equity shares valued at Rs 480 crore. Additionally, there is an offer for sale (OFS) of 12.58 crore shares, which holds substantial value at approximately Rs 2,000 crore. This OFS segment includes shares to be sold by KKR-backed Vertical...

Leap India's IPO Garners Rs 743 Crore in Anchor Bids Driven by Global Giants and Institutional Appetite Leap India is set to debut on major Indian exchanges, having successfully raising a substantial amount in its anchor book. The company secured ₹743.6 crore from 32 marquee investors ahead of the public issue launch. This strong institutional backing underscores market confidence in Leap India’s asset-light business model and future growth trajectory within the supply chain industry.Anchor Investor Highlights and IPO Structure DetailsThe anchor allocation saw 46,768,854 equity shares being allotted to anchoring investors at an issue price of ₹159 per share. International players such as Monetary Authority of Singapore and Morgan...

Oil Surges Above $83 as Strait of Hormuz Deadlock Fuels Geopolitical Risk Premium Oil prices extended their upward momentum for a second consecutive session on Friday, driven by escalating geopolitical concerns surrounding the critical Strait of Hormuz. Fresh reports detailing Iranian proposals to restrict hostile vessel traffic have tightened global supply fears, pushing crude oil futures higher. The waterway, which handles approximately one-fifth of all global oil and liquefied natural gas shipments, remains a central point of international tension following the proposed transit regime changes.Geopolitical Tensions Rise Over Strait of Hormuz Regulations The market gains followed reports that Iran is reviewing legislation intended to...

NCC Net Profit Jumps 13% as Operational Margin Expands; Company Secures Major New Orders Shares of NCC are expected to remain a key focus for market participants following the release of its steady June quarter earnings report. The company reported significant improvements in profitability, highlighted by a substantial jump in net profit while securing crucial new business orders. This outcome provides positive momentum as the company navigates the ongoing market environment.Financial Performance Highlights NCC announced that its net profit jumped 12.6% year-on-year during the quarter, reaching Rs 216.4 crore. Revenue from operations also showed solid growth, growing by 12.2% to stand at Rs 5,812 crore.The company’s operational...

Premier Energies Soars on Q1 Earnings Boom: Net Profit Jumps 50% as Market Cap Hits ₹47,437.93 Crore Premier Energies is expected to remain a major focus stock following the company's robust announcement of its June-quarter earnings results. The financial performance demonstrates significant operational strength and strategic growth momentum across key metrics.Stellar Financial Results Drive Share Gains The company reported an outstanding first quarter for FY27, marked by a dramatic surge in net profitability. Net profit rose by 50.4% year-on-year, reaching ₹463.1 crore.Revenue from operations also showed substantial growth, increasing by 35.3%. Total operational revenue reached ₹2,462.6 crore, underscoring strong market traction...

Britannia Industries Reports Strong Q1'27 Results, Driven by Operational Growth and Innovations Britannia Industries Ltd has reported robust financial performance for the quarter ended June 30, 2026. The company saw increases in net sales, operating profit, and profit after tax (PAT) across various business verticals, driven by strategic growth in channels, successful product innovation, and sustained focus on cost efficiency.Q1'27 Financial Highlights The consolidated financials for Q1'27 showed steady growth compared to the preceding quarter. Net Sales stood at Rs 4,964 Crore. The company recorded a net increase across profitability metrics, with Profit after Tax (Owner's Share) reaching Rs 591 Crore.The following table details...

CWD Limited secures major order worth Rs 87.53 Crores from India Post Payments Bank CWD Limited has secured a comprehensive purchase order valued at Rs 87.53 Crores (inclusive of tax) from the India Post Payments Bank (IPPB). The mandate involves the end-to-end design, manufacturing, and deployment of IoT-enabled payment soundboxes, along with the integration of CWD's proprietary digital payment platform.The award represents a significant entry for CWD into large scale supply to a Government of India department, supporting national objectives related to financial inclusion and promoting a less cash economy.Key Contract Details The initial phase of the contract involves supplying 5,29,500 payment soundboxes across IPPB's network...

Recode Studios Expands Omnichannel Reach, Opens Seven Premium Retail Kiosks Across Six Major Cities Recode Studios Limited has marked a significant milestone in its retail expansion journey, announcing the launch of seven premium retail kiosks located across six major Indian cities. This strategic move is designed to bolster the company's omnichannel presence and enhance accessibility for consumers interested in Recode's portfolio of beauty and personal care products.The establishment of these strategically placed kiosks aims to strengthen market penetration and customer engagement by placing the brand directly within high-footfall shopping destinations. By utilizing an asset-light retail model, Recode Studios is enhancing its offline...

Permanent Magnets Ltd Reports Q1FY27 Results: Revenue Rises 19% YoY as Alloys Division Contributes Permanent Magnets Limited, a specialized provider of electrical components and assemblies for the automobile and electricity meter sectors, announced its unaudited financial results for the first quarter of FY27. The company reported strong revenue growth while maintaining healthy operating margins.The Q1FY27 financial highlights included a 19% year-on-year rise in revenue and an EBITDA margin that saw movement to 19%. Net Profit stood at ₹6.25 Cr, according to the unaudited standalone figures released by the company.Key financial metrics from the Standalone Q1FY27 results are detailed below:ParticularsQ1FY27 (₹ Cr)Q4FY26 (₹...

ICICI Bank Prices USD 300 Million in Senior Unsecured Notes under Global Medium Term Note Programme ICICI Bank Limited, through its IFSC Banking Unit, has priced a tranche of Senior Unsecured Fixed Rate Notes amounting to USD 300 million. This issuance forms part of the Bank's larger USD 7.5 billion Global Medium Term Note Programme.The pricing of these notes was completed on August 6, 2026, at 5:45 p.m. The proceeds from the issue of the Notes are designated for the Issuer's general corporate purposes, in line with relevant regulatory guidelines.These USD denominated Senior Unsecured Fixed Rate Notes were issued via a RegS Drawdown under the ongoing Global Medium Term Note Programme.Key details regarding the notes and the...

Highness Microelectronics Secures Purchase Order for Ruggedized Displays for Metro Ticket Vending Machines Highness Microelectronics Ltd has secured a domestic purchase order for the supply of Ruggedized Displays intended for use in Ticket Vending Machines (TVMs) deployed across Metro and Urban Mobility stations. The order was received from a leading technology and automation solutions company operating within the transportation and digital infrastructure sector.The contract reinforces Highness Microelectronics' growing capacity to design and manufacture rugged display solutions essential for mission-critical transportation infrastructure, strengthening the Company's position as an indigenous electronics manufacturer in this domain...

Fredun Pharmaceuticals Announces Un-Audited Financial Results for Quarter Ended June 30, 2026 Fredun Pharmaceuticals Ltd has released its un-audited financial results for the quarter ended June 30, 2026. The results include a comparative look at various key financial metrics across different reporting periods.The company's financial performance is detailed across multiple metrics and timeframes, with data provided as follows:Financial MetricQ1 FY26 (Quarter Ended 30.06.2026)Q1 FY25 (Quarter Ended 30.06.2025)Q1 FY26 (Ended 31.03.2026)Operating Income (Total)4802.42001.45612.6Sales Revenue (Wholesale/Retail)4802.43602.95612.6Net Profit (Wholesale/Retail)3602.91374.04201.0EBITDA Margin3662.81312.94104.2Average Net...

LIC Jumps on Strong Q1 Profit Margins as Market Consolidates Ahead of Key Earnings Surge Markets traded with a cautious tone amid the weekly expiry session, ending virtually unchanged following mixed cues across sectors. Technically, analysts suggest that Nifty is currently poised for its next significant upward move after spending the last three sessions consolidating within a tight trading range. The market appears set to first test the 24,800–25,000 zone, with sustained momentum above this threshold potentially paving the way for an extension towards the 25,200 mark.LIC Reports Impressive Profit Growth in Q1India's leading Life Insurance Corp (LIC) announced a robust performance on Thursday, reporting a 23% year-on-year (YoY)...