Markets

MTAR Technologies Secures Amended Purchase Order Worth USD 324.62 Million MTAR Technologies Ltd., formerly known as MTAR Technologies Pvt Ltd, has announced that it has received an amended purchase order from a customer for $324.62 million. This new agreement incorporates an incremental order value amounting to $85.86 million, translating approximately to Rs. 819.94 Crores.The company confirmed the receipt of this revised contract details alongside previous commitments made by its clients. MTAR Technologies previously received purchase orders valued at USD 238.76 million, which equated to approximately Rs. 2278.96 Crores, setting a baseline for current engagements.The amended order represents a significant development in the...

EV Two-Wheeler Registrations Surge 68% in July; TVS Motor Commands Market Leadership India's electric two-wheeler segment continued its robust growth trajectory in July, registering a significant jump of 68 percent year-on-year. The total number of units registered reached 173,294 in the month, according to Government's Vahan data as of July 29. This strong annual performance occurred despite the segment experiencing an 11 percent decline compared to June's volume of 194,300 units.TVS Motor Dominates Electric Two-Wheeler Market TVS Motor maintained its clear leadership in the electric two-wheeler space for July. The company registered 47,242 units, securing a commanding 27.3 percent market share. This marks an improvement from the...

MPID Court Rules in Favor of 63 Moons Technologies, Orders Cancellation of Asset Attachment under Settlement Scheme Mumbai: 63 Moons Technologies Ltd has received a favorable ruling from the MPID Court regarding its ongoing Scheme of Arrangement between NSEL and Specified Creditors for a One Time Settlement (OTS). The court order, dated July 29, 2026, allowed one of the applications filed by the company concerning this arrangement.The company confirmed that the Scheme of Arrangement, which is aimed at providing a One Time Settlement to creditors, had been previously approved by NCLT in Mumbai, as communicated in earlier filings.In addition to the court's approval of the application, the MPID Court ordered the cancellation of asset...

Renewables Surge: Juniper Green Energy IPO Opens, Targeting Massive Debt Reduction and Long-Term Growth The Rs 1,800 crore Juniper Green Energy IPO launches today, sparking significant pre-market interest among investors. The public issue is a fresh equity offering, intended to bolster the company's financial stability while capitalizing on India's burgeoning renewable energy transition. With the grey market premium (GMP) holding steady at approximately Rs 17 per share, there is an indication of a substantial listing gain potential exceeding 8%.IPO Mechanics and Market Expectations The IPO offers equity shares in lots of 66, with investors having a defined timeframe for subscription. The company has set the price band from Rs 214 to...

HFCL Secures Export Order of USD 46.13 Million for Optical Fiber Cable Supply HFCL Limited has secured a significant export order totaling approximately USD 46.13 million (equivalent to INR 441.53 crore) from an international customer. This contract pertains to the supply of optical fiber cables, executed through the company's wholly owned overseas subsidiary.The successful acquisition of this major order reinforces the standing and technological quality recognized by global clients in HFCL’s manufacturing capabilities.Details regarding the awarded contract are provided below:ParticularsDetailsName of awarding entityInternational CustomerNature of orderSupply of Optical Fiber Cables as per customer specificationsEntity...

GIFT Nifty Signals Muted Day as AI Concerns Weigh on Global Markets Ahead of Fed Pause Indian equities face a mixed outlook as domestic buying strength clashes with ongoing global concerns over high-cost AI investments. Despite a strong rally witnessed on Wednesday, the market is anticipated to open subdued after Wall Street's sharp sell-off and caution surrounding the US Federal Reserve's interest rate decision.GIFT Nifty Reading Dampens Domestic Expectations The primary indicator for the opening session, GIFT Nifty, was trading at 24,215 around 8:00 am. This reading reflected a marginal weakness, down 88 points or 0.36 percent, suggesting that the Nifty 50 might open slightly below Wednesday's close of 24,250.20.This cautious...

Xtranet Technologies Prepares for Market Debut as 11% Grey Market Premium Signals Investor Optimism Xtranet Technologies is scheduled to make its stock market debut on Thursday, July 30. The company successfully raised Rs 166.80 crore through its Initial Public Offering (IPO). Shares of Xtranet will be listed on both the BSE and NSE, reflecting robust investor interest in the rapidly growing IT solutions sector.The stock is currently commanding a Grey Market Premium (GMP) of around 11%. This premium indicates positive pre-market sentiment. Given the upper price band of Rs 127 per share, the expected listing price stands at approximately Rs 142, translating to an estimated gain nearing 11% over the issue price.IPO Subscription...

Bandhan Small Cap Fund Acquires Equity in L. T. Elevator Ltd via Preferential Allotment L. T. Elevator Limited has seen its equity capitalization update following a preferential allotment of shares to Bandhan Small Cap Fund. The transaction, which was completed on July 27, 2026, involved the acquisition of equity shares by the fund from L. T. Elevator Limited.The acquisition details highlight that the Bandhan Small Cap Fund acquired 10,80,000 equity shares in L. T. Elevator Limited. This allotment is recorded as a preferential transaction for the fund.Before this acquisition, the holding of Bandhan Small Cap Fund with respect to L. T. Elevator Limited stood at 10,80,000 shares, representing 4.95% of the total diluted share/voting...

Markets Surge Robustly as Consumer Stocks Thrive Despite Global Tensions and Rising Oil Prices The Indian stock market experienced a sharp rally on Wednesday, with benchmark indices posting significant gains even amid escalating US-Iran tensions and a rise in oil prices. The market demonstrated resilience, adding over Rs 4 lakh crore to the total market capitalization of all companies listed on BSE, pushing it up to Rs 483 lakh crore.The Sensex soared nearly 889 points, closing at 77,655, while Nifty climbed around 265 points, settling above 24,250. This broad-based surge highlights the sector rotation and robust earnings reported across multiple industries.Consumer Staples and Financial Sector Strength Shine Companies in consumer...

Pine View Portfolio Consultants Sells Shares in Adishakti Loha and Ispat Limited Pine View Portfolio Consultants Private Limited has sold a significant portion of its holdings in Adishakti Loha and Ispat Limited, completing the Open Market sales over two consecutive days. The sale marks a change in stake for the consultant firm regarding the target company.The sales transaction involved 540,000 shares across two dates: 350,000 shares were sold on July 27, 2026, and an additional 190,000 shares were sold on July 28, 2026.Pine View Portfolio Consultants Private Limited initially held 10,50,000 shares in Adishakti Loha and Ispat Limited, representing a stake of 8.36% prior to the sales. Following the disposal of 540,000 shares, the...

M/S BSL Infrastructure Ltd Acquires Control of P.M. Telelinnks; Board Restructured Following Transaction Completion On July 29, 2026, the Board of Directors of P.M. Telelinnks Ltd formalized a significant change in company control following the completion of a share purchase transaction. M/S BSL INFRASTRUCTURE LTD acquired controlling interest in the Target Company, establishing itself as the sole promoter.The acquisition involved the transfer of 48,38,733 Equity Shares, representing 48.03% of P.M. Telelinnks Ltd.'s paid-up equity share capital. The shares were acquired by Incoming AG Members (M/S BSL INFRASTRUCTURE LTD.) from Outgoing PG Members (including Mr. Gulab Chand Pukhraj Surana, Ms. Meena Surana, M/s. Kaveri (India) Limited...

Capital Trade Links Ltd Board Meeting Scheduled to Approve Q1 FY27 Financial Results Capital Trade Links Ltd has announced that its Board of Directors will convene a meeting on Saturday, August 1, 2026. The primary purpose of this meeting is to consider and approve the company's financial results for the Quarter ended June 30, 2026.The scheduled board meeting date aims to review the performance and outcomes for the specified quarter.In relation to market trading activities, the company provided details regarding its designated persons trading window. The window was closed starting from July 1, 2025, and will remain closed until forty-eight hours prior to the declaration of the Financial Results.Stock Price Movement Capital Trade...

Crisil Upgrades Gabriel India Ltd.'s Credit Rating for Long Term Bank Facilities Crisil Ratings Limited has upgraded the credit rating of Gabriel India Limited in relation to its long term bank facilities. The revision reflects the company's improved financial standing as assessed by the ratings agency.The upgrade pertains to the long term bank facilities provided to Gabriel India Limited. According to the details provided, the facility amount is 170 Rs. in crore.The upgraded rating positions of Gabriel India Ltd. are summarized below:Facilities/InstrumentsAmount (Rs. In crore)Rating TypePrevious RatingUpgraded RatingLong Term Bank Facilities170Long termCrisil AA/StableCrisil AA+/StableThe upgrade indicates an improvement...

Lohia Corp IPO Debuts Today: Grey Market Premium Suggests Cautious Climb as Manufacturing Prowess Is Priced In Lohia Corp, a key player in India’s technical textile machinery sector, is set to make its much-anticipated stock market debut on the BSE and NSE today (July 30). The company, which specializes in equipment for technical textiles, offers investors a chance to tap into the growing manufacturing segment. While the IPO saw solid investor interest during its subscription period, prevailing grey market indicators suggest a relatively moderate listing performance.The company’s Rs 1,101 crore Offering For Sale (OFS) was fully subscribed across all categories. The shares were priced in the range of Rs 404-425 apiece. Ahead of the...

Indo-MIM IPO Set for Massive Debut: Grey Market Premium Signals Potential 39% Surge on Listing Day Indo-MIM is poised to make its stock market debut today on the BSE and NSE, buoyed by exceptional investor enthusiasm and a robust grey market valuation. The company's public listing has been marked by significant bullish sentiment, with the current Grey Market Premium (GMP) suggesting a strong opening day for the shares.Market Buzz Surrounds Indo-MIM Listing Day The IPO witnessed overwhelming investor participation, concluding its subscription period between July 23 and July 27. The company's public issue, totaling ₹3,811.21 crore, was priced at ₹485 per share and comprised a fresh issue of ₹499.10 crore alongside an offer for sale...

Brent Crude Dips Below $90 as Tanker Traffic Moves Out of Middle East Amid Escalating Geopolitical Tensions Oil prices eased on Thursday after surrendering part of the sharp gains seen in the previous session. Despite ongoing heightened tensions and the widening U.S.-Iran war, oil tankers are showing signs of continued movement out of the volatile Middle East region. This shift prompted crude futures to retreat, though underlying supply risks remain critically high.Crude Oil Trading Levels Reflect Mixed Market Signals On July 30, Brent crude futures fell $1.29, or 1.42%, settling at $89.45 a barrel. U.S. West Texas Intermediate (WTI) also slipped by 56 cents, or 0.66%, trading at $83.90 a barrel. The preceding session had seen...

Adani Ports Net Profit Jumps 10.2% as International Business Surge Fuels Cargo Growth Adani Ports Posts Strong Q1 Results Driven by Overseas Expansion and Marine Services Boom Mumbai: Adani Ports and Special Economic Zone Ltd (APSEZ) reported a robust performance for the June quarter, announcing a consolidated net profit rise of 10.2 per cent year-on-year. The results highlight successful integration and rapid expansion in the international ports business, which served as the primary growth catalyst.The country’s largest private port operator recorded a consolidated net profit of ₹3,649.50 crore for the April-June period. This is an improvement compared to the ₹3,310.60 crore reported in the corresponding quarter last year. The...

Oil Prices Slip as Tankers Navigate Conflict Zones Amid Intensifying Middle East War Crude oil futures surrendered some of their previous gains on Thursday, even as geopolitical tensions continued to escalate across the Middle East. Tankers persisted in sailing through volatile zones while the U.S.-Iran conflict expanded beyond its initial theaters. Brent futures dropped $1.29, or 1.42%, settling at $89.45 a barrel as of 0110 GMT.WTI crude also experienced a decline, falling 56 cents, or 0.66%, to $83.90 a barrel. This movement reverses the previous session's significant spikes when Brent had been up 7.91% and WTI was up 6.56%. Previously, the oil markets reacted sharply after a pause in hostilities within the five-month conflict...

Adani Enterprises Suffers Q1 Net Loss After Booking Major Charge Related to US Govt Settlement Adani Enterprises Ltd., a flagship entity of the Adani Group, reported a consolidated net loss of ₹1,160 crore for the June quarter. The significant charge arose from a settlement with the US Office of Foreign Assets Control (OFAC), which amounted to ₹2,644 crore.Despite this financial hit, the operating performance across several key verticals showed considerable strength. Revenue from operations saw a robust 50% year-on-year increase, reaching ₹32,924 crore. Total income also rose, climbing to ₹33,546 crore.Strong Operating Performance Amid Regulatory Charge The company’s EBITDA improved by 49%, recording ₹5,642 crore. This performance...

Fed Vote Fractures: Officials Hold Rates Amid Rosy Labor Market but Deepen Concern Over Persistent Inflation Federal Reserve Holds Rates Amid Divided Policymakers The Federal Open Market Committee voted to keep the benchmark federal funds rate unchanged, maintaining it within a range of 3.5% to 3.75%. This decision marks the fifth consecutive meeting where officials chose not to alter interest rates. The consensus was not unanimous, however. A notable dissent surfaced during the vote, with three members advocating for a hike in the benchmark rate by a quarter percentage point.The dissents were led by Dallas Fed President Lorie Logan, Cleveland's Beth Hammack, and Minneapolis Fed chief Neel Kashkari. Despite this internal disagreement...