Markets

Shriram Properties Signs JDA for Premium Residential Project in Bengaluru; GDV Potential Exceeds ₹600 Crores Shriram Properties Limited (SPL), a residential real estate developer focused on the mid-market and mid premium segments, has signed a Joint Development Agreement (JDA) for a premium residential project located at Doddagubbi in North-East Bengaluru. The development covers 9.1 acres of land parcel and is envisioned as an exclusive, scenic lake-facing apartment complex with a development potential estimated at approximately 6.7 lakh sqft.The initiative holds an estimated Gross Development Value (GDV) potential exceeding ₹600 crores. SPL plans to launch the project during the current financial year.Strategically situated in the...

Sansera Engineering Seeks Shareholders' Approval for Appointment of Three New Independent Directors Sansera Engineering Ltd has proposed, through a Postal Ballot process, the appointment and remuneration of three new individuals as Independent Directors. The appointments are set for a five-year term and include Ms. Radhika Govind Rajan, Mr. Deepak Keshav Ghaisas, and Mr. Venkataram Mamillapalle.The company is seeking shareholder approval for these special resolutions via remote electronic voting (e-voting). Voting commenced on June 17, 2026, and is scheduled to close on July 16, 2026. The results of the Postal Ballot will be declared within two working days from the closing date of e-voting.Key Appointments and Terms The resolutions...

Granules India Schedules Analyst and Investor Meetings at IIFL Invest India Conference in London Granules India Ltd. has announced details regarding a series of meetings scheduled for analysts, investors, and funds in London. These meetings are set to take place during the IIFL Invest India Conference.The company officials will meet with financial experts as part of the conference spanning two days. The schedule is set at the IIFL Invest India Conference - London on June 23, 2026, and June 24, 2026. During these sessions, the company has offered both one-to-one and group meeting formats.The event details are summarized below:DateEvent NameMeeting TypeJune 23, 2026 & June 24, 2026IIFL Invest India Conference - LondonOne-to-one...

Tips Music Ltd Schedules Analyst Investor Meeting Tips Music Ltd, formerly known as Tips Industries Limited, has announced a schedule for an interaction with analysts and institutional investors. The company confirmed that its officials will be engaging in a one-on-one virtual meeting session.The planned meeting is set for Thursday, June 18, 2026.In addition to the scheduled meeting, Tips Music Ltd has made available a copy of the Investor Presentation. This presentation has been uploaded on the company’s website and on the Stock Exchanges for public access.Key details regarding the Analyst/Institutional Investor meeting are presented below:Meeting DateType of MeetingMode of MeetingThursday, June 18, 2026One-On-OneVirtual...

Rappid Valves Secures Order worth Rs 18 Crore from BHEL for Indian Navy Project Rappid Valves (India) Limited has secured a contract valued at approximately Rupees 18.05 crores excluding taxes from Bharat Heavy Electricals Limited (BHEL). The order pertains to the supply of valves and components intended for an important Indian Navy project.The significant domestic order involves supplying specialized valves and components required for the Indian Navy's 5 Fleet Support Ships Programme. BHEL, as the entity awarding the contract, is confirmed as a domestic entity.According to the contract details, the execution period for this large order spans multiple timelines. The work for three of the ships is scheduled to be completed within...

Rajesh Exports Stock Surges 5%, Breaks Seven-Day Losing Streak After SEBI Interim Order Shares of Rajesh Exports Ltd experienced a sharp recovery in morning trade on Monday, climbing to Rs 80.23 and hitting the 5% upper circuit. This rebound was significant, as it snapped a streak of seven consecutive losing sessions for the jewellery maker.The stock had faced immense pressure over the past week, shedding nearly 30% of its value in the preceding period. On Friday, concerns over regulatory actions led the share price to slump to a 52-week low of Rs 77.05 after seven consecutive trading days of declines.The SEBI Allegations and Market Pressure The sharp decline in the stock was primarily triggered by an interim order issued by the...

Vedanta Metal and Oil Stocks Brace Market Volatility as Debut Listings See Mixed Trading Key Takeaways from Vedanta Group Demerger Debut Listings The newly listed entities of the Vedanta group experienced a mixed trading session on Monday, signaling market volatility following their debut listings. While some components gained, others shed listing gains in their inaugural trades. This muted performance was observed despite a generally strong rally across the broader stock market indices.Performance Breakdown of Vedanta Aluminium Metal Ltd Vedanta Aluminium Metal Ltd saw its stock decline during the morning trade. Trading at approximately 10:10 am, the stock was recorded at Rs 497.7, representing a drop of 4.7 percent from its listing...

LT Foods Ltd Incorporates Wholly Owned Subsidiary for Asia-Pacific Expansion LT Foods Limited has announced plans to incorporate a new wholly owned subsidiary to bolster its presence in Australia and the wider Asia-Pacific region. The strategic move aims to support future growth, business development, distribution, and customer engagement initiatives within the targeted markets.The new entity, named LT FOODS AUSTRALIA PTY LIMITED, will serve as a vital platform for the company's international expansion into the Food Industry. This investment is positioned as a Related Party Transaction, which the company has stated will be conducted on an arm's length basis.While the entity is yet to be officially incorporated and thus possesses no...

Gujarat Inject Kerala Bags Rs 14.49 Crore Order from Deon Energy for Solar PV Modules Gujarat Inject Kerala Limited, a company undergoing strategic transformation and rebranding as Regenova Renewtech Limited, has secured a significant purchase order valued at approximately Rs 14.49 crore (exclusive of GST) from Deon Energy Limited. This order involves the supply of 16,129 Solar PV Modules with a capacity of 620 WP.The contract marks a key milestone in Gujarat Inject Kerala Limited's expansion into India’s renewable energy and solar solutions segment, strengthening its position within the rapidly growing solar infrastructure market. The recent acquisition from Deon Energy follows multiple contracts secured by the company from clients...

Global Geopolitical De-escalation Ignites Markets as India Poised for Massive Domestic Flow Surge The breakthrough in US-Iran relations is rapidly shifting the mood in Indian financial markets. The agreement to reopen the Strait of Hormuz and de-escalate hostilities has eased significant geopolitical uncertainty, creating a compelling backdrop for local investors. For a nation that relies heavily on crude imports, this development represents a critical relief valve against inflation pressures.The market anticipates that this stable environment will trigger a recovery in discretionary buying from retail investors, HNIs (High Net Worth Individuals), and tactical traders. While Institutional flows remain resilient, the potential revival...

Mach Travel Solutions Ltd Revises Industry Classification in BSE Records Mach Travel Solutions Limited has announced a revision to its industry classification category maintained in the records of BSE Limited. This administrative update reflects the company's principal business activities and is effective as of June 15, 2026.The revised classifications categorize the company across multiple levels, starting from Macro-Economic Indicator down to Basic Industry. The details of the updated industry classification are presented below:Classification LevelDetailsMacro-Economic IndicatorConsumer DiscretionarySectorConsumer ServicesIndustryLeisure ServicesBasic IndustryTour, Travel Related ServicesThe change pertains...

Sensex Surges Over 1000 Points as US-Iran Peace Deal Eases Energy Concerns, Fueling Global Rally The Indian stock markets saw a strong surge on Monday, tracking the global rally driven primarily by diplomatic developments in the Middle East. The benchmark indices climbed substantially following news that U.S. President Donald Trump and Iran's deputy foreign minister reached an initial deal aimed at ending hostilities and resuming traffic through the Strait of Hormuz.At approximately 9:30 a.m., the Sensex stood firm at 76,579.55, climbing by 1,051.59 points or 1.39 percent. The broader Nifty index was also buoyant, reaching 23,944.80, which represented a gain of 321.90 points or 1.36 percent.US-Iran Deal Boosts Sentiment and Reopens...

Craftsman Automation Posts Strong Financial Results for FY26; Revenue Climbs 43% to H 8,06,927 Lakhs Craftsman Automation Limited has reported robust financial results for the fiscal year ending March 31, 2026. The company saw significant growth in revenue and profitability across its diverse operating segments, as detailed in its consolidated financial statements.The Group recorded Total Revenue from Operations of H 8,06,927 lakhs for FY2025-26, marking a substantial increase compared to the H 5,69,048 lakhs reported in the previous fiscal year. The company’s profit attributable to owners also saw strong growth, reaching H 38,399 lakhs, up from H 19,457 lakhs for the prior year. Total Comprehensive Income rose to H 41,924 lakhs...

SEPC Secures ₹673 Crore Project from SAIL for Steel Plant Expansion in Burnpur Chennai: SEPC Limited, an established EPC company specializing in industrial infrastructure, process plants, and water and wastewater management, has secured a major order worth ₹673.32 Crore from Steel Authority of India Limited (SAIL). The contract is for the 4.08 MTPA Crude Steel Expansion Project at IISCO Steel Plant (ISP) in Burnpur.The deal marks a significant milestone for SEPC, reinforcing its expanding footprint within the industrial EPC segment and strengthening its position in large-scale steel and heavy industrial infrastructure projects.Scope of Work Details The total contract value stands at ₹673.32 Crore (net of taxes). The project...

CarTrade Tech Launches CarTrade Used Auto to Unify India's Used Car Ecosystem CarTrade Tech Limited, one of India’s leading digital automotive marketplaces, has announced the launch of CarTrade Used Auto. This new platform aims to build a comprehensive used-car ecosystem across India by encompassing the entire transaction journey: Buy, Sell, Exchange, and Finance. The initiative combines the strengths of CarWale and OLX India into a unified, asset light, technology led solution designed for the diverse needs of the used car market.CarTrade Used Auto is engineered to serve every aspect of used car transactions across B2C, C2B, and C2C channels. It targets consumers, dealers, enterprises, lenders, and service partners throughout the...

IPO Frenzy Looms: Four SME Giants Set to Open for Subscription, Fueling Junior Segment Activity The capital markets are set for a robust week, with activity concentrated primarily within the Small and Medium Enterprise (SME) segment. While the mainboard appears quiet, five companies from the SME sector are scheduled to launch their Initial Public Offerings (IPOs), expected to collectively raise nearly ₹300 crore. This surge in micro-cap listings provides a clear focus area for investors looking into the burgeoning junior stock market.Major Listings Set to Debut on June 17th Four key companies—Liotech Industries, Leapfrog Engineering Services, Clay Craft India, and Diksha Polymers—are set to open their IPOs for public subscription...

Steel Exchange India Secures APCRDA Approval for SIMHADRI TMT in Amaravati Capital City Projects Steel Exchange India Limited (SEIL), a leading integrated steel manufacturer and trusted provider of SIMHADRI TM T TMT rebars in South India, has secured formal approval from the Andhra Pradesh Capital Region Development Authority (APCRDA). This approval allows the company to use its flagship SIMHADRI TMT products in construction works related to the Amaravati Capital City development program.The APCRDA approval encompasses several key grades of steel, including Fe550, Fe500D, and Fe550D CRS. This milestone solidifies SEIL's position as a crucial primary source vendor for infrastructure projects being undertaken by APCRDA. With the...

Ajanta Pharma Announces 47th Annual General Meeting for July 2026 Ajanta Pharma Ltd has announced the details of its Forty-Seventh (47th) Annual General Meeting (AGM). The meeting is scheduled to take place on Thursday, 16th July 2026.The AGM will be held at 11:00 a.m. (IST) and attendees can join through Video Conferencing (VC) or other Audio-Visual Means (OAVM).Key dates related to the meeting have also been set. The beneficiary position of shareholders for determining the Annual Report for FY 2025-26 will be taken as received from Depositories as on Friday, 12th June 2026.The cut-off date for determining the eligibility of members to vote on the resolutions proposed at the 47th AGM is set for Thursday, 9th July 2026. The Notice...

Crude Oil Plummets 5% as US-Iran Peace Deal Sparks Global Relief Rally; Analysts Cite Major Boost for Indian Economy Crude oil prices experienced a dramatic plunge following the announcement of a peace deal between the United States and Iran. This development provides significant relief to global energy markets, reducing fears of sustained disruption in critical shipping routes. The potential reopening of the Strait of Hormuz has driven down oil benchmarks, mirroring the market's positive reaction to stabilizing international tensions.Steep Price Correction as Oil Futures Hit Multi-Month Lows US crude oil futures for July delivery fell more than 5%, settling at $80.25 per barrel. Meanwhile, Brent crude futures for August delivery...

Rupee Gains as US-Iran Truce Eases Tensions, Driving Global Risk Appetite Rally The Indian rupee opened significantly stronger on Monday, buoyed by the preliminary peace agreement reached between the United States and Iran. The currency strengthened by 43 paise, trading at 94.68 against the US dollar from previous close of 95.11. This move reflects a broader global shift towards improved risk appetite following the easing of geopolitical tensions.Rupee Outlook and Market Advisory Asian currencies generally rallied against the US dollar, indicating growing confidence in emerging markets. Finrex advises exporters to capitalize on the strengthening rupee by utilizing the favorable moves in the currency pair to hedge receivables...