Markets

Kotyark Industries Limited Secures LOIs from BPCL and HPCL for Biodiesel Supply Worth Approximately ₹15.41 Crores Kotyark Industries Limited has secured Letters of Intent (LOIs) from Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL), marking a significant business achievement in the biodiesel sector. The contracts cover the supply of Biodiesel for a period spanning June 2026 to August 2026, with an aggregate value totaling approximately ₹15.41 Crores.The LOIs were issued following a joint expression of interest (EOI) process conducted by Oil Marketing Companies (OMCs). The company has received orders from both state-owned entities, demonstrating its established relationship and capacity...

Gateway Distriparks Declares Interim Dividend and Reappoints Directors Amidst Q2 Financial Results Gateway Distriparks Limited announced its first interim dividend for the financial year 2026-27 following the Board meeting held on August 05, 2026. The company also confirmed the re-appointment of Ms. Vanita Yadav and Mr. Ishaan Gupta, marking a key moment in the company's governance structure.The Board declared the First Interim Dividend at Rs.1.25 (12.5%) per equity share against the face value of Rs.10/- each for the Financial Year 2026-27. The Record Date for determining shareholder eligibility is set as August 11, 2026, and the dividend will be paid on or before September 04, 2026.Q2 Financial Performance Highlights The company...

Ekansh Concepts Ltd. Announces Board Meeting to Approve Q2 Financial Results Ekansh Concepts Limited has scheduled a meeting of its Board of Directors to consider and approve the unaudited Standalone and Consolidated Financial Results for the Quarter ended June 30, 2026. The company also updated stakeholders regarding the closure of its trading window.The Board Meeting is set to take place on Wednesday, August 12, 2026. The primary agenda item for the meeting includes reviewing the unaudited Standalone and Consolidated Financial Results of Ekansh Concepts Limited for the Quarter ended June 30, 2026, and adopting the Auditor's Report thereon. The Board is also set to consider any other matters with the permission of the Chair.In...

Wonderla Holidays Announces Quarterly Results, Showing Net Profit and Comprehensive Income figures Across Segments Wonderla Holidays Limited released its quarterly financial results, detailing performance indicators across various periods. The company provided information on revenue, profit metrics, and total comprehensive income for the quarter ending June 30, 2026, as well as comparative data from previous quarters and the full year ended March 31, 2026.The financial results for the quarter ending June 30, 2026, saw Total Comprehensive Income stand at 720,452. Profit before tax (PBT) for the same period was reported at 934,654, while Net Profit after tax totaled 129,661.The results are segmented into two areas: Amusement Parks and...

Manipal Health IPO Explodes Past Expectations, Listing at 11 Percent Premium as Healthcare Sector Surges Manipal Health Enterprises shares saw a strong debut in the primary market after their Initial Public Offering (IPO) listing on Wednesday. The stock debuted successfully, setting a premium significantly higher than grey market expectations which had projected a flat listing.The company secured an impressive subscription rate of 4.92 times for its IPO between July 29 and July 31. This robust showing highlights strong investor confidence in the healthcare giant's growth trajectory.Stellar Listing Performance Across Exchanges The stock achieved different but solid premiums across both major exchanges. On the BSE, Manipal Health...

Valiant Communications Secures INR 1,071 Lacs Order to Supply Data Storage and Sync Equipment to Power Grid Corporation of India Valiant Communications Limited has announced that it has received significant purchase orders from system integrators for the supply of Data Storage Servers and Time Synchronization Equipment. The gross value of these orders stands at INR 1,071 Lacs (inclusive of taxes).The awarded projects involve serving the Power Grid Corporation of India Limited (PGCIL), which is identified as a 'Maha-Ratna' enterprise of the Government of India. This contract reinforces Valiant Communications Ltd.'s position in developing India's sovereign data infrastructure and AI-ready storage ecosystem. A separate purchase order for...

Deepak Nitrite Surges as Profit Triple; Stock Jumps 3% amid Mixed Earnings Season Rally The Indian equity markets are intensely focused on corporate results, with a flurry of company-specific announcements shaping investor sentiment. While several firms reported robust increases in profitability, the market response proved uneven, showcasing the volatile nature of today's trading session. Key stocks like Deepak Nitrite saw gains following profit surges, contrasting sharply with slips seen by Bharti Hexacom and Marico despite their strong Q1 performances.Profit Surge Lifts Deepak Nitrite Amid Strong Operational Performance Deepak Nitrite shares added 3% after unveiling a stellar first-quarter report card. The company reported a more...

Styrenix Reports Q1 FY27 Results Amid Market Volatility, Highlights Strategic Expansion Styrenix Performance Materials Ltd has reported its unaudited Standalone and Consolidated Financial Results for the first quarter of Fiscal Year 2027 (Q1 FY27). The results were presented against a backdrop of significant challenges in the global polymer industry.In the company's commentary, Mr. Rahul R. Agrawal, Managing Director, noted that Q1 FY27 saw considerable disruption across global supply chains due to geopolitical developments around the Strait of Hormuz, leading to heightened volatility in the pricing and availability of energy and key raw materials.The Managing Director stated that Styrenix successfully navigated these disruptions...

Panacea Biotec Secures US$8.205 Million Order from UNICEF for Polio Vaccine Supply in 2028 Panacea Biotec Ltd has received a Letter of Award from the United Nations International Children's Emergency Fund (UNICEF) to supply bivalent Oral Polio Vaccine (bOPV). The contract, which falls under an existing Long-Term Agreement, is valued at US$8.205 million, equivalent to approximately Rs.78.24 Crore and is set for execution in Calendar Year 2028.This new order pertains to the supply of bivalent Oral Polio Vaccine (bOPV) in both 10 and 20 dose presentations to UNICEF. The contract is part of a broader Long-Term Agreement established previously, which also covered supplies during Q2 CY2026 and CY2027.The award represents an international...

Affle 3I Ltd Board Meeting Scheduled to Review Q1 Financial Results Affle 3I Ltd has announced that its Board of Directors meeting is scheduled for Saturday, August 8, 2026. The primary agenda item for the meeting is the consideration and subsequent approval of the unaudited Standalone and Consolidated Financial Results of the company.The financial results are for the first quarter ended June 30, 2026.Affle 3I Ltd, which was previously known as Affle (India) Limited, will use the board meeting to review these quarterly performance metrics. The event is set to take place on August 8, 2026, providing stakeholders insight into the company’s first-quarter operational status.AFFLE Stock Price Movement As of 9:36 AM, shares of Affle 3i...

TechEra Engineering Secures Development and Supply Order for Air Force Rafale Fleet Support TechEra Engineering (India) Limited has secured a significant Development-cum-Supply Order from the Indian Air Force. The order specifically pertains to the design, development, and supply of a Multifunction Probe Deburring Tool.This contract represents TechEra Engineering's entry into the critical maintenance and support supply chain for the Indian Air Force’s Rafale fleet. The successful execution of this project, which is aligned with the Rafale programme drawing, could pave the way for similar development-cum-supply contracts from other IAF depots in the future.Nimesh Desai, Managing Director of TechEra Engineering (India) Limited...

Sensex Surges 400 Points as Global Tech Rally and Easing Geopolitical Tensions Fuel Market Gains Amid strong global cues and bullish sentiment from US markets, the benchmark Indian indices saw a buoyant start on Wednesday. The Sensex gained significantly, while Asian equities continued their momentum build. This rally was primarily supported by optimism surrounding technology earnings and improved international sentiment.Key Global Cues Drive India Equity Rally The market surge was mirrored globally as Wall Street reached fresh record highs overnight. U.S. stocks performed robustly, driven by upbeat corporate earnings reports. The Dow Jones Industrial Average climbed 1.71 percent, while the S&P 500 advanced 1.79 percent. Nasdaq...

Molbio Diagnostics IPO Fixes Price Band at ₹768-₹807; Biotech Firm Eyes ₹940 Crore Raise in Major Debut Listing Molbio Diagnostics, a prominent Goa-based diagnostics company, has finalized the price band for its maiden public issue. The Initial Public Offering (IPO) is set to open on August 10 and close on August 12, 2026. This listing offers investors a chance to participate in the growth story of a company valued at approximately ₹9,300 crore.IPO Details and Financial Structure The offering is designed to raise a total of ₹939.7 crore. This amount comprises a fresh issue of equity shares worth ₹200 crore and an Offer-For-Sale (OFS) component aggregating ₹739.7 crore. The company's structure includes various stakeholders...

Ola Electric and Axis Energy Sign MoU to Advance Utility-Scale Energy Storage Ola Electric Mobility Limited has signed a Memorandum of Understanding (MoU) with Axis Energy Ventures regarding the potential deployment of large-scale battery energy storage systems. The partnership focuses on Mahashakti, Ola's upcoming utility-scale and Commercial & Industrial (C&I) energy storage platform, which is scheduled to launch on August 15.The MoU outlines a significant commitment for India’s expanding energy sector, setting the potential deployment of up to 20 GWh of battery energy storage systems by 2032. This includes a targeted ramp-up to 5 GWh annually beginning from 2028.Ola's Mahashakti platform is designed as a first in India that is...

Sun Pharma's Long-Term Bank Facility Rating Reaffirmed by CRISIL at AAA/Stable Sun Pharmaceutical Industries Ltd has seen its long-term bank facility rating reaffirmed by CRISIL Ratings Limited. The rating reassessment confirmed the stability of the company's financial standing, removing a previously noted cautious status.CRISIL Ratings Limited has officially removed the 'Rating Watch with Developing Implications' status assigned to Sun Pharmaceutical Industries Limited’s long-term bank facilities. This decision comes following the Company's prior announcement made on April 27, 2026, which prompted the initial review.The ratings agency has now reaffirmed the rating for the company's long-term bank facilities at 'CRISIL AAA/Stable'...

Hatsun Agro Product Plans ₹1,000 Crore Capex in FY27 to Scale Production and Distribution Hatsun Agro Product (HAP), India's largest private sector dairy company, has planned significant investments totaling around ₹1,000 crore in fiscal year 2027. The capital expenditure is earmarked for expanding the company's milk procurement and distribution network, along with revamping its production facilities and marketing efforts, according to RG Chandramogan, Chairman of Hatsun Agro Product.The investment comes as part of a broader strategy to substantially increase product volume. Hatsun plans to sell approximately 2.4 crore product packs per day within the next two years, marking an increase from the current rate of 1.84 crore packs daily...

Smartworks Expands Footprint in Delhi NCR with 1.41 Lakh Sq. Ft. Managed Office in Aerocity Smartworks Coworking Spaces Limited, India's largest managed office platform by overall footprint, has announced a significant expansion into Delhi NCR. The company secured a new managed office space spanning approximately 1.41 lakh sq. ft. at 4 Worldmark by Bharti Real Estate in Aerocity. This addition reflects Smartworks’ strategic focus on strengthening its presence across key enterprise corridors and high-growth office markets within the capital region.The newly established center is strategically located near Indira Gandhi International Airport, positioning Smartworks within one of Delhi NCR's fastest-growing commercial hubs. The location...

Temasek Backed Dairy Maker Milky Mist Targets Massive Rs 1,553 Cr IPO on Strong Growth Surge Tamil Nadu-based dairy products company, Milky Mist Dairy Food, is gearing up for a major market debut. The company has announced plans to launch its maiden public issue, which is expected to be worth Rs 1,553 crore next week on August 11. This IPO marks a significant milestone for the fast-growing food processing sector.The offering will see Milky Mist raise up to Rs 1,428 crore through a fresh equity issue. Additionally, promoters Sathishkumar T and Anitha S will sell shares worth Rs 125 crore via an offer-for-sale (OFS). The price band for the IPO is slated to be announced in the coming days.IPO Structure and Investor Timeline Milky Mist...

JSW Dulux Announces Board Meeting for Financial Results and Potential Share Capital Restructuring JSW Dulux Ltd., previously known as Akzo Nobel India Ltd., has scheduled a Board meeting to approve its unaudited financial results for the quarter ending June 30, 2026. Furthermore, the company plans to consider a proposal regarding an alteration of its share capital through a sub-division or split of its existing equity shares.The Board of Directors is set to meet on Tuesday, August 11, 2026. The meeting's agenda includes considering and approving both the unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. Concurrently, the board will review a proposal concerning the restructuring of its share...

Veerhealth Care Secures Order Worth Rs 526.84 Lakhs from Domestic FMCG Giant Veerhealth Care Ltd has received a substantial order for skincare products from one of India’s Fast Moving Consumer Goods (FMCG) companies. The deal, valued at approximately Rs 526.84 Lakhs, represents a significant business development opportunity for the company, which anticipates additional growth in its turnover following the contract award.The order involves the supply of Face Care Products to the domestic FMCG entity. While the client's identity has been kept confidential as per terms of the agreement, the details confirm that Veerhealth Care Ltd is set to execute the order within a 45-day period.The transaction was reported as non-related party...