Markets

SJS Decoplast Launches New Manufacturing Facility in Pune as Part of Capacity ExpansionS.J.S. Enterprises Limited has announced a significant expansion initiative through its subsidiary, SJS Decoplast Private Limited (SDPL). SDPL has established a new manufacturing facility located in Ranjangaon, Pune, Maharashtra, which is ready for the commencement of commercial operations. This development is set to augment the production capacity of SDPL and forms part of the parent company’s ongoing expansion program.The establishment of the new plant reflects the growing need to support business growth amid strong market demand. The company plans to integrate this new capacity into its existing operations, with the proposed addition scheduled...

Fermenta Biotech Completes NSE Listing; Equity Shares Admitted for Trading Fermenta Biotech Limited, a global manufacturer of nutritional ingredients, successfully completed the listing of its equity shares on the National Stock Exchange of India Limited (NSE) on August 4, 2026.The company's 2,94,30,987 equity shares, which have a face value of ₹5 each, were listed and admitted to dealings on the NSE under the symbol FERMENTA and ISIN INE225B01021. The listing follows its existing listing on the BSE under Scrip Code 506414.The milestone was marked with a ceremonial bell-ringing event held at the NSE's Exchange Plaza in Mumbai's Bandra Kurla Complex, attended by representatives from the exchanges and Fermenta’s leadership team...

Master Trust Limited Announces Un-audited Quarterly Financial Results for Q2 2026 Master Trust Limited has announced its un-audited financial results for the quarter ended June 30, 2026. The company released detailed performance data covering both standalone and consolidated operations across various segments.The consolidated results showed Total Revenue from operations at 14979 million. Net Profit for the period stood at 346.5 million, with Basic Earnings per equity share (EPS) reported at 28 million.Standalone Performance HighlightsFor the quarter ended June 30, 2026, Master Trust Limited recorded a Total Income of 68.8 million in its standalone operations. The company reported a Net Profit for the period of 34.8 million...

Symphony Limited Management to Interact with Media on Q1 Results and Business Outlook Symphony Limited has announced that its management team will engage in discussions with prominent business channels regarding the company's financial results, business outlook, and industry perspectives for the first quarter ended June 30, 2026.The interaction is scheduled across two key media platforms on August 05, 2026.Details of the planned media engagements are as follows:Business ChannelsDateCNBC TV 18 (English)August 05, 2026CNBC Bajar (Gujarati)August 05, 2026The company noted that the scheduled date for the interaction is subject to change and may be postponed or cancelled by either the business channel or Symphony Limited...

Escorts Kubota Limited to Hold Groundbreaking Ceremony for New Greenfield Manufacturing Facility Escorts Kubota Limited has announced that the groundbreaking ceremony for its new greenfield manufacturing facility will be held on August 20, 2026. This facility is located in the YEIDA Industrial Area, Uttar Pradesh, specifically at Sector-10, Gautam Buddha Nagar, near the Noida International Airport (Jewar).The new manufacturing plant is being established on land allotted by the Yamuna Expressway Industrial Development Authority (YEIDA).The event marks a significant step in the company's expansion plans. The company confirmed that no unpublished price sensitive information will be shared during the groundbreaking ceremony.ESCORTS...

Magadh Sugar & Energy Reports Q1 FY27 Results; Total Income Falls Against Q1 FY26 Magadh Sugar & Energy Limited (MSEL) has reported its unaudited financial results for the quarter ended June 30, 2026, showing a downturn in total income and profit after tax for Q1 FY27.The company, which operates multiple sugar mills and distilleries across Bihar, released the results on August 4, 2026. The performance data highlights significant shifts in profitability compared to the corresponding period in the previous financial year.Q1 FY27 Financial Highlights Magadh Sugar & Energy Limited witnessed a reduction in key financial metrics during the quarter ended June 30, 2026.MetricQ1 FY27Q1 FY26Total IncomeRs. 311.27 CrRs. 333.88 Cr...

Marico Reports Quarter 1 Results for FY27: Consolidated Net Profit Stands at ₹652 Crore, EPS Reaches 4.86 Marico Limited has announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved both the consolidated and standalone financial results during a meeting held on August 4, 2026.The company's performance for the quarter reflected operational activities alongside significant intra-group restructuring transactions.Consolidated Financial Highlights (Quarter Ended June 30, 2026)Under the consolidated statements, Marico generated total income of ₹4,005 crore for the quarter. The company recorded a net profit for the period of ₹652 crore. This resulted in an earnings per share (EPS) of...

Bharti Hexacom Reports Strong Q1 FY27 Results; Revenue Jumps 10.9% YoY, Net Debt Ratio Improves Bharti Hexacom Limited announced robust financial results for the first quarter of Fiscal Year 2027, ended June 30, 2026, demonstrating solid growth across revenues and significant margin expansion. The company reported total revenues of Rs 2,510 crore, marking a 10.9% increase year-on-year (YoY) and a 4.0% rise quarter-on-quarter (QoQ).The operational performance reflected sustained focus on acquiring high-value customers and executing cost optimization strategies. EBITDA for the period reached Rs 1,375 crore, achieving a margin of 54.8%, which is up 1.0 percentage point (pp) YoY. EBIT also grew by 13.7% YoY to Rs 770 crore, leading to an...

Institutional Investors Surge in LIC OFS, Piling Up Rs 36,400 Crore Bids for Government Stake Sale Massive Institutional Interest Propels LIC Offer For Sale Institutional investors demonstrated significant appetite for Life Insurance Corporation (LIC) shares on Tuesday. They placed bids totaling Rs 36,400 crore in the government's Offer For Sale (OFS). This strong institutional backing comes ahead of the issue opening to retail investors on Wednesday.The OFS involves the sale of up to 6.5 per cent stake—equivalent to over 82.22 crore shares—in India's largest insurer. The floor price for the shares has been set at Rs 382/share.Details of the LIC Stake Sale Offer This disinvestment initiative is a significant undertaking, with the...

High Court Grants Interim Stay on Tax Recovery Proceedings Against Bannari Amman Sugars Limited Bannari Amman Sugars Limited has successfully challenged revenue recovery proceedings initiated against it, and the High Court of Judicature at Madras has granted an interim stay concerning the matter. The company is continuing its legal pursuit in the court regarding the dispute.The proceedings refer to a claim by the District Collector, Erode, under the Revenue Recovery Act, 1864. These actions related to alleged unpaid tax and interest amounts of Rs. 12,72,30,170/- payable under the Tamil Nadu Tax on Consumption or Sale of Electricity Act, 2003.The company initiated legal action against these proceedings by filing a Writ Petition...

Dabur India Settles GST Audit Observations and Pays Penalty of Rs 25,38,726 Dabur India Limited has paid a penalty amount totaling Rs 25,38,726 against tax demands arising from GST audit observations. The payments were made on August 04, 2026, in connection with the findings issued by The Superintendent, COST, Audit Circle-6, Ghaziabad.The audit proceedings covered GST conducted under Section 65 of the CGST Act'2017 and the U. P. GST Act '2017', relating to the financial years FY 2020-21 to FY 2023-24. The observations, which were received by company officials on July 30, 2026, primarily concerned ineligible Input Tax Credit (ITC) and other miscellaneous issues.The findings indicated that the penalty amount was payable under Section...

Hexaware Technologies Named Top 15 Sourcing Standout by ISG for Breakthrough Category Hexaware Technologies, an AI-first digital and IT services company (NSE: HEXT), has been recognized as one of the top providers globally in the industry following its inclusion in the Breakthrough 15 category by Information Services Group (ISG).According to the 2Q 2026 Global ISG Index™, Hexaware was listed among the leading providers for the Americas region and internationally. The designation is based on annual contract value (ACV) won over the previous 12 months.The ISG Index™ offers an independent quarterly review of sourcing industry data and trends. This index categorizes commercial providers into four groups: Breakthrough 15 (companies with...

UGRO Capital's Lending Engine Scales Sharply in Q1 FY27; GROx Disburses Rs 1,853 Crore and Surpasses 3.4 Lakh Active Customers UGRO Capital Limited reported robust financial results for the quarter ended June 30, 2026 (Q1'FY27), highlighting rapid scaling of its technology-led embedded merchant finance platform, GROx. The company noted that GROx disbursed Rs 1,853 crore in Q1'FY27, while the firm crossed 3.4 lakh active customers across both digital and physical lending segments.The performance of the embedded merchant finance platform, GROx (formerly MyShubhLife), was highlighted as a key growth driver. In Q1'FY27, GROx disbursed Rs 1,853 crore. The Gross AUM of GROx reached Rs 3,003 crore as of June 30, 2026, marking a 32% increase...

Jyoti Structures Limited Removes Internal Auditor M/s Bhushan Khot & Co. The Board of Directors of Jyoti Structures Limited announced the removal of one of its internal auditors, M/s Bhushan Khot & Co., Chartered Accountants. The decision was made with immediate effect as of August 04, 2026.The action follows a review by the Board and is based on the recommendation from the Audit Committee.M/s Bhushan Khot & Co., Chartered Accountants, ceased their duties as an Internal Auditor of the company effective August 04, 2026. The decision was approved by the Board in the company meeting held on that date.The company confirmed that M/s KNBJ & Co., Chartered Accountants, will continue to perform the role of Internal Auditor for Jyoti...

Manaksia Coated Metals Forfeits Application Money After Warrants LapseManaksia Coated Metals & Industries Limited has confirmed the lapse of 20,00,000 Share Warrants and the subsequent forfeiture of application money in a resolution passed by its Board of Directors.The decision was made following the failure of the warrant holder to remit the balance 75% of the warrant subscription amount within the stipulated eighteen months from the date of allotment. The warrants were originally issued on January 31, 2025, and held by AIO Growth Capital Fund SPC.As a result of the lapse, the company forfeited the application money equivalent to 25% of the aggregate warrant subscription amount. This forfeiture corresponds to an amount of...

Krystal Integrated Services Announces Appointment of J-CFO, Releases Q1 Results, and Sets AGM Date Krystal Integrated Services Limited (formerly known as Krystal Integrated Services Private Limited) announced several significant updates following a Board meeting held on August 4, 2026. The outcomes included the appointment of key managerial personnel, setting the date for the company's 25th Annual General Meeting (AGM), and providing un-audited financial results for the quarter ended June 30, 2026.Key Governance Appointments and Events The Board meeting approved several operational and governance matters for the Company. Mr. Naveen Kumar Amar was appointed as Joint Chief Financial Officer (J-CFO) and designated a Senior Management...

SpaceX's IPO Aftermath: Can Q2 Earnings Conquer Stock Volatility and Massive Lock-up Pressure? SpaceX is set to report its first earnings as a publicly listed entity on August 4 after market close. Investors across Wall Street will be keenly watching the Elon Musk led company’s performance following recent periods of sharp stock volatility. The Q2 financial results arrive at a crucial juncture, just two days before an immense lock up expiration event that could dramatically shift the market dynamic.Financial Expectations and Key Performance Indicators (KPIs) TradingKey is projecting tight margins for SpaceX's upcoming report, placing Q2 revenue between $6.82 billion and $6.88 billion. The company is also expected to record a GAAP net...

Technocraft Ventures IPO: Grey Market Premium Mutes Ahead of Aug 7 Listing Debut The listing prospects for Technocraft Ventures remain anchored by a modest grey market premium (GMP) as the company prepares for its public issue opening on August 7. The current unofficial trends indicate a slim margin, signaling an estimated listing gain of approximately 4.7 percent above the upper price band.According to GMP tracking platforms InvestorGain and IPO Watch, the latest grey market premium has been maintained at Rs 10. This data is based on the fixed price band set by the company, which ranges from Rs 200 to Rs 212 per equity share, with a face value of Rs 10.It is crucial for potential investors to note that these grey market premiums...

Bharti Airtel Posts Robust Q1 Results; Revenues Climb 18% YoY as Credit Rating is Upgraded by S&P Bharti Airtel Limited has reported strong financial performance for the first quarter (Q1) ended June 30, 2026. The company saw substantial growth across consolidated metrics, with revenues rising 18.4% year-on-year (YoY), and its EBITDA margin reaching 57.4%. The results came alongside an S&P rating upgrade that validates the company's strong earnings trajectory and disciplined balance sheet.The operating highlights reveal a growing scale across the business. Consolidated customer base stood at approximately 680.9 million, marking a 12.5% growth compared to the corresponding quarter last year. Mobile data traffic demonstrated significant...

Kalyan Jewellers Reports Unaudited Results for Quarter Ended June 30, 2026 Kalyan Jewellers India Limited has released its unaudited financial results for the quarter ended June 30, 2026. The company's Board of Directors reviewed and approved these standalone and consolidated results on August 04, 2026.The management reported that, from a Chief Operating Decision Maker (CODM) perspective, both the Company and the Group are viewed as operating solely within the jewellery business, meaning there are no separate reportable segments under Ind AS 108 for either entity.Standalone Financial Performance Highlights The unaudited standalone financial results show the operational expenditure of Kalyan Jewellers India Limited. The company...