Markets

Birla Cable Limited Reports Unaudited Q1 Results for June 30, 2026: Net Profit Reaches ~3070 Lakhs Birla Cable Limited has announced its unaudited financial results for the quarter ended on June 30, 2026. The company reported strong performance across both standalone and consolidated figures, with net profit reaching approximately 3,068 lakh in the standalone segment.The Board of Directors approved these results at a meeting held on August 2, 2026. These unaudited statements were reviewed by the Statutory Auditors who conducted a limited review of the interim financial information.Standalone Financial Performance Summary The unaudited standalone results for Birla Cable Limited show robust operational income and profitability during...

KKR's LEAP India Amplifies IPO Size: Fresh Issue Boosts Rs 2,480 Crore Offering on Aug 7 LEAP India, a supply chain management and asset pooling services provider backed by global investment firm KKR, is set to launch its initial public offering (IPO) for public subscription on August 7. This significant offering aims to raise a total of ₹2,480 crore.The company's IPO timeline includes an anchor book opening on August 6 and the public issue closing on August 11. Share allotment is expected by August 12, with LEAP India shares anticipated to debut on the exchanges on August 14. The specific price band for the IPO will be announced separately on August 3.Structure of the Rs 2,480 Crore Offering The ₹2,480 crore offering is structured...

Foreign Funds Pivot: FIIs Surge into Indian Equities, Ending Four-Month Selling Streak with $2.31 Billion Buying Blitz Foreign institutional investors (FIIs) registered a dramatic reversal in their stance toward Indian equities in July, collectively injecting nearly $2.31 billion into the market. This monumental shift marked the end of a four-month selling streak and signaled renewed investor confidence despite geopolitical headwinds generated by heightened Iran tensions and elevated crude oil prices.FII Turning Point: Analyzing the Reversal FIIs became net buyers in Indian markets for the first time after drawing down over $26.41 billion on a combined basis between March and June. The bullish turnaround was fueled by strong...

Persistent Systems Limited Approves Audited Financial Statements for Quarter Ended June 30, 2026Persistent Systems Limited has announced the approval of its Audited Financial Statements for the quarter ended June 30, 2026. The board of directors sanctioned these financial results during a meeting held on August 2, 2026.The company has made both the Consolidated and Standalone Financial Statements available following this approval. These statements cover the performance metrics for the specified quarter.PERSISTENT Stock Price Movement Persistent Systems Limited shares gained 0.35% on Friday, closing at ₹5549 after the stock edged higher across the trading session. The equity saw heavy participation in the previous day’s close, with...

Arbitration Award Issued in Cemindia Projects Limited Dispute with DMRCL Cemindia Projects Limited, formerly ITD Cementation India Limited, has received an arbitral award concerning a dispute with Delhi Metro Rail Corporation Limited (DMRCL). The Arbitral Tribunal (AT), which comprises three members, published the award on August 1, 2026.The contract in question was entered into on January 14, 2013, between Cemindia Projects Limited's joint venture and DMRCL. The dispute covered issues related to additional costs due to prolonged work, certain uncertified work, and recoveries.According to the award details, the AT assessed the claims put forth by both parties.Cemindia Projects Limited’s joint venture had claimed Rs 322.22 Crore...

3i Infotech Secures Additional Order from Leading Bank, Boosting Engagement Value 3i Infotech Limited has secured an additional purchase order valued at approximately Rs. 3.32 crores exclusive of applicable taxes from a leading private sector bank in India. This new contract forms part of a broader renewed engagement that the company holds with the financial institution.The service contract covers development, enhancement, and engineering services and is set for a duration of one year, starting from April 1, 2026, and ending on March 31, 2027. The purchase order itself was dated August 1, 2026.This new deal represents an increase in the overall scope of work with the bank. Including the orders reported previously, the total value of...

Persistent Systems Achieves $452.4M Revenue in Q1 FY27, Reports 32.7% YoY EBIT Growth Persistent Systems announced its audited financial results for the quarter and year ended June 30, 2026. The company reported revenue of $452.4 million for Q1 FY27, marking a 3.8% quarter-over-quarter (QoQ) growth and a 16.1% year-on-year (YoY) increase.The results were characterized by significant growth in earnings power and a record quarterly Total Contract Value (TCV).Consolidated Financial Highlights for Q1 FY27 Persistent Systems showcased strong performance across its key financial metrics:MetricQ1 FY27Margin %QoQ GrowthYoY GrowthRevenue (USD Million)452.4 3.8%16.1%Constant currency growth4.1%16.5%Revenue (INR Million)43,032.3...

Vishnu Chemicals Reports Strong Q1 FY27 Earnings, Highlighting Double-Digit Growth in Revenue and Profit Vishnu Chemicals Limited announced its unaudited financial results for the first quarter of fiscal year 2027 (Q1FY27), ending June 30, 2026. The company reported a strong start to FY27, with robust growth observed across operating revenues and profits compared to Q1FY26.The consolidated financial summary provided by the company for Q1FY27 shows substantial year-on-year (YoY) growth in key metrics.MetricQ1FY27Q1FY26YoY ChangeOperating Revenues (₹ Cr)433.4346.9+24.9%Gross Profit (₹ Cr)193.9158.2+22.6%EBITDA (₹ Cr)65.555.7+17.5%PAT (₹ Cr)39.632.2+23.0%The company’s operating revenues stood at ₹433.4 Cr in Q1FY27...

Prataap Snacks Ltd Allots Equity Shares Following Employees Stock Appreciation Rights Plan Prataap Snacks Limited has completed the allotment of new equity shares to eligible employees under its Employee Stock Appreciation Rights (ESARs) plan. The issuance, which took place on August 01, 2026, signifies an increase in the company's paid-up share capital.The company allotted a total of 19,428 equity shares. These shares were issued pursuant to the Prataap Employees Stock Appreciation Rights Plan 2018 (ESARP 2018). Each newly allotted share carried a face value of Rs. 5/- and are fully paid up.The allotment ensures that the new equity shares rank pari passu in all respects with the existing equity shares of the company.Following the...

Persistent Systems Reports Q2 Financial Results; Announces Acquisitions and Governance Updates Persistent Systems Limited has released its audited financial results for the quarter ended June 30, 2026, along with updates on strategic acquisitions, mergers, and corporate governance matters. The company's performance across both standalone and consolidated entities was presented to stakeholders following the Board meeting held on August 2, 2026.Financial Performance Snapshot The company’s financial results for the quarter ended June 30, 2026, reflect operational activity across its various global segments.Standalone Financial Results (Qtr ending June 30, 2026)ParticularsQuarter ended June 30, 2026March 31, 2026 (Restated)June 30...

Master Components Receives Purchase Order Worth INR 1,22,75,424 for Supply of Electrical Components Master Components Limited has secured a substantial purchase order (PO) for the supply of electrical components from a domestic entity. The contract award details provide insights into the company’s active business pipeline and operational capacity in the component manufacturing sector.The order, confirmed on August 2, 2026, amounts to approximately INR 1,22,75,424/- excluding tax. Master Components Limited will be responsible for supplying specialized electrical components as part of this contract with a domestic buyer.Key details concerning the purchase order include:Nature of Order: Supply of electrical components. Customer...

India Pesticides Limited Reports Q1 FY27 Results Amid Domestic Demand Softness and EU Approval Milestone India Pesticides Limited (IPL), a prominent agro-chemical manufacturer, has announced its un-audited financial results for the quarter ended June 30, 2026. The company reported key performance indicators despite challenges in the domestic market, while securing a significant European regulatory approval milestone.The Q1 FY27 results reflect revenue from operations at Rs. 256 crore. This marks a decline of 9.2% compared to Q1 FY26, where revenue stood at Rs. 282 crore. Export sales saw marginal growth, reaching Rs. 89 crore in Q1 FY27, up from Rs. 87 crore in the previous quarter, supported by stable international demand.IPL...

India Pesticides Ltd Reports Q1 FY27 Results; Revenue Declines Amid Softer Herbicide Demand India Pesticides Limited (IPL), a growing agro-chemical manufacturer, has announced its un-audited financial results for the quarter ended June 30, 2026. While the company noted challenges related to domestic demand, it reported marginal growth in export sales and achieved a key international market milestone.The company’s revenue from operations stood at Rs. 256 crore in Q1 FY27, marking a decline of 9.2% compared to Rs. 282 crore recorded in Q1 FY26. Export sales saw only marginal growth, reaching Rs. 89 crore against Rs. 87 crore in the prior year.EBITDA for the quarter was reported at Rs. 39 crore, translating to an EBITDA margin of...

Future Consumer Limited Announces First Committee of Creditors Meeting Schedule Future Consumer Limited has scheduled its first meeting of the Committee of Creditors (CoC). The gathering is set to take place on Thursday, August 6, 2026.The meeting is scheduled for 4:00 P.M. and concerns the operational aspects of the company as it progresses through resolution processes.Aegis Resolution Services Private Limited, acting as the Interim Resolution Professional, is overseeing this process at Future Consumer Ltd. The event marks a key step in the corporate restructuring timeline for the company.

Mishra Dhatu Nigam Limited Announces Retirement of General Manager (Production) Mishra Dhatu Nigam Limited has announced that Shri Anand Kumar Kaluvala has retired from the company.The retirement is effective as of August 1, 2026. Prior to his retirement, Mr. Kaluvala held the position of General Manager (Production) at MDN.MIDHANI Stock Price Movement On Friday, shares of Mishra Dhatu Nigam Limited edged higher, closing at ₹396 after gaining ₹6.10, or 1.57%. The stock saw significant activity in the session, with a traded volume tallying 220,041 shares.

Greaves Cotton Limited Subscribes Full Entitlement in Subsidiary’s Rights IssueGreaves Cotton Limited confirmed that its shareholding in its material subsidiary, Greaves Electric Mobility Limited (GEML), remains unchanged following the completion of GEML's rights issue. The Company subscribed to its full entitlement amounting to approximately INR 331.12 crore out of the total offer size of INR 530 crore.The rights issue by GEML concluded on August 2, 2026, with the Board approving the allotment of equity shares to all eligible shareholders based on their rights entitlement. This transaction ensured that Greaves Cotton Limited maintained its stake and continuous interest in GEML.As a result of the fully subscribed rights issue by...

Virat Industries Ltd Board Meeting Scheduled to Approve Q2 Un-Audited Financial Results Virat Industries Ltd has announced a meeting of its Board of Directors to consider and approve the company's Un-Audited Financial Results for the quarter ended June 30, 2026. The meeting is scheduled to take place on Saturday, August 08, 2026.During the board meeting, set to include various other matters, directors will review and approve the Limited Review Report issued by the Statutory Auditors of Virat Industries Ltd.The company confirmed that the trading window closure period commenced on July 1, 2026. This closure period is set to conclude 48 hours following the declaration of the Un-Audited Financial Results for the quarter ended June 30...

Market Cap Surge: Nine Top-10 Giants Jump as Bajaj Finance Leads Massive ₹2.51 Lakh Crore Rally Markets staged a strong rebound last week, recovering from recent losing streaks fueled by easing crude oil prices, improving geopolitical sentiment, encouraging Q1 FY27 earnings, and renewed foreign institutional investor (FII) buying. The combined market valuation of nine of the top-10 most valued firms witnessed a significant jump of ₹2.51 lakh crore.The benchmark indices reflected this strong sentiment rally. BSE Sensex climbed 2,034.87 points, recording a 2.67 per cent increase. Simultaneously, NSE Nifty surged 616.15 points, marking a robust climb of 2.59 per cent.Bajaj Finance Drives Massive Sectoral Rally The National Stock...

FPIs Reverse Four-Month Plunge: Foreign Investors Pump ₹20,200 Crore into Indian Equities Foreign portfolio investors (FPIs) have returned to the Indian stock market in July, halting a prolonged four-month period of capital outflows. Net foreign investment in equities amounted to approximately ₹20,200 crore during the month. This significant reversal signals renewed appetite for domestic stocks, buoyed by attractive valuations and improving corporate earnings expectations.Reversing Months of Aggressive Outflows The July inflow stands in stark contrast to the aggressive selling observed in previous months. FPIs had withdrawn substantial capital from Indian shares over the last quarter. They pulled out ₹60,847 crore in April, followed...

SEBI Finalizes Order on Unauthorised Pledge of ZEEL's Hyderabad Land; Directors and Company Penalised Securities and Exchange Board of India (SEBI) has issued a final order concerning the unauthorised pledge of Zee Entertainment Enterprises Ltd.'s (ZEEL) immovable property, holding two of its senior leaders—Mr. Punit Goenka and Mr. Subhash Chandra—and the company liable for multiple violations related to corporate governance and financial disclosures.The proceedings centered on the pledging of ZEEL’s land in Hyderabad to Indiabulls Housing Finance Ltd. (IHFL) as security for loans availed by several borrowing entities, which were alleged to be controlled by the directors and their families. The investigation investigated whether this...