Markets

Vedanta Limited Receives ESG Rating of 59 from CRISIL Ratings Vedanta Limited has received an independent Environmental, Social, and Governance (ESG) rating from CRISIL ESG Ratings & Analytics Limited. The ratings assessment assigned a score of 59 to the company, placing it within the Adequate category.CRISIL ESG Ratings & Analytics Limited, a subsidiary of CRISIL Ratings Limited and a SEBI registered ESG Rating Provider, issued the evaluation for Vedanta.The rating was conducted independently, confirming that Vedanta Limited had not engaged CRISILESG for the purpose of obtaining this specific assessment.Key details regarding the ESG rating are as follows:MetricDetailsCompanyVedanta LimitedRating ProviderCRISIL ESG...

CARE Ratings Downgrades Gujarat Alkalies and Chemicals' Long Term Bank Facilities to AA-; StableGujarat Alkalies and Chemicals Ltd. (GACL) received a credit rating review from CARE Ratings Limited regarding its bank facilities and commercial paper issue, which was conducted on July 29, 2026. According to the ratings released by CARE, GACL's long term bank facilities were downgraded, while the short term bank facilities and the Commercial Paper (CP) issue received reaffirmed ratings.The rating update reflects a change in the outlook for the company’s long-term debt structure. The Long Term Bank Facilities of Rs. 372.63 Crore were assigned a CARE AA-; Stable rating. This marks a downgrade from its previous rating of CARE AA; Stable...

Madras High Court Sets Aside ₹353.18 Crore Tax Demand Against Indian Railway Finance Corporation Limited The Madras High Court has delivered a significant ruling for Indian Railway Finance Corporation Limited, setting aside an impugned order and recovery notice related to a substantial tax demand. The company learned of the court's decision on July 29, 2026.The Hon'ble Madras High Court passed the order on July 27, 2026, stating that the previous order and recovery notice are set aside. Consequently, the matter has been remanded for reconsideration by the tax authorities.The demand that was set aside related to ₹353.18 crores. This amount was originally raised by the Assistant Commissioner (State Tax), Chennai, concerning ITC...

Varroc Engineering Announces Board Meeting to Approve Q1 Un-audited Financial Results Varroc Engineering Ltd has scheduled a meeting of its Board of Directors to review and approve the Un-audited Financial Results for the quarter ending June 30, 2026. The meeting is set for Thursday, August 6, 2026.The agenda for the board meeting includes considering and approving the company's Un-audited Financial Results, which encompass both Standalone and Consolidated results for the specified quarter, along with other related business matters.In conjunction with this announcement of the financial results, the company provided an update regarding its trading window status. The trading window for dealing in Varroc Engineering Ltd securities was...

Rossell Techsys Achieves Record Performance in Q1 FY27 with 78% Revenue Surge and Strong Market Position Rossell Techsys Limited, a leading provider of high-reliability engineering and manufacturing solutions across the aerospace, defence, semiconductor, and space sectors, announced its unaudited financial results for the quarter ending June 30, 2026. The company reported a record-breaking start to fiscal year 2027, driven by disciplined execution and expanding client engagement.Revenue from Operations surged 78% year-on-year (YoY) to ₹154.71 crore, marking the highest quarterly revenue in the company's history. Profit Before Tax (PBT) saw a dramatic increase of 139% YoY, reaching ₹9.60 crore.The financial performance highlights for...

SAIL Confirms Krakatau Steel MOU for Stainless Steel Venture in Indonesia Steel Authority of India Ltd (SAIL) has clarified that a business agreement with Krakatau Steel, Indonesia, was already widely disseminated through public disclosures prior to certain market reports. The MOU pertains to a joint venture aimed at manufacturing stainless steel slabs in Indonesia.SAIL confirmed signing the legally binding Memorandum of Understanding (MOU) with Krakatau Steel on February 6, 2026. This agreement is intended to explore the possibilities of establishing a Joint Venture dedicated to manufacturing stainless steel slabs in Indonesia.The details surrounding this collaboration were previously made available in the public domain via various...

Redington's Profits Skyrocket! Shares Jump After Net Income Jumps 94% to ₹453 Crore in Q1 FY27 Redington Ltd saw a significant surge on July 30 after announcing robust quarterly results. The company’s shares rose up to 11% at the time of reporting, trading at ₹319.2 apiece (as of 9:52 am). This strong market reaction follows the announcement of Q1 FY27 net profit reaching ₹453 crore, marking a vast improvement from the previous year.Quarterly Profit and Revenue Surge Details Redington reported impressive growth across key financial metrics in its first quarter of FY27. The company's net profit saw an astounding 94% increase, doubling from the ₹233-crore recorded in Q1FY26. Concurrently, revenue experienced a solid rise of 35%...

Xtranet Technologies IPO Explodes: Shares List at Significant Premium Following Massive Subscription Surge Xtranet Technologies witnessed a successful debut on the stock exchanges after its Initial Public Offering (IPO) was concluded between July 23 and July 27. The listing reflected strong investor confidence in the company, with shares being offered at a premium exceeding 7 percent over the initial IPO price. This positive market reception followed an extremely robust subscription period during the primary offering phase.Market Performance on Listing DayThe company's stock performed exceptionally well as it debuted in the market on Thursday. Investors reacted positively to the listing, pushing the share price above the base...

Wanbury Limited Receives Key Clearance from USFDA for Multiple ANDAsWanbury Limited has received the 'No DMF deficiency letter' from the U.S. Food and Drug Administration (USFDA) regarding multiple Abbreviated New Drug Applications (ANDAs). This clearance pertains to formulations utilizing Metformin HCl API sourced by Wanbury for various products.The receipt of this crucial documentation signifies a significant milestone for the company, affirming the status of its applications with the USFDA concerning the relevant ANDAs.In addition to these clearances, Wanbury Limited is actively expanding its global footprint. The company has expanded business opportunities in South Korea through the filing of a DMF pertaining to one additional...

Lohia Corp Shares Surge Above IPO Price After Strong Debut; Is This a Long-Term Hold Opportunity? Lohia Corp made a highly positive debut on the stock market after its initial public offering (IPO). The company's shares listed at a solid premium, significantly surpassing expectations and establishing a strong opening day trajectory.The listing concluded with the stock priced at Rs 460.10 on the NSE, marking an 8.26 percent jump from the IPO price of Rs 425 per share. On the BSE, the shares debuted at Rs 460, reflecting an 8.24 percent premium over the original offering rate. Following this successful debut, Lohia Corp's market capitalization stood at Rs 4,859.90 crore.Stock Market Debut and IPO Performance The listing performance...

Gadkari Assures: Legacy Vehicles Show No Performance Drop Running on E20 Fuel Ministerial Findings Clear Performance Concerns Over Ethanol Blended Petrol Nitin Gadkari addressed the Rajya Sabha today, emphatically assuring that studies conducted into vehicle compatibility confirm no significant adverse impact on the performance or wear and tear of older vehicles when running on E20 fuel. The Minister stated that while certain concerns have surfaced among motorists regarding fuel efficiency, scientific reviews have mitigated these worries.Gadkari clarified that BS-III vehicles, which were introduced starting April 1, 2005 and manufactured before 2016, may require the replacement of specific rubber parts and gaskets when operating on...

Fed Rate Hike Odds Surge: Trump Backs Warsh as Market Gauges Growing Divides Within Central Bank US Stock Markets React to Hawkish Fed Outlook Financial markets are increasingly pricing in a potential interest rate hike at the Federal Reserve's next meeting in September. This shift is driven by concerns that inflation could remain elevated despite continued resilience in economic growth and employment conditions. Rate futures now indicate more than 60% probability of a quarter-point increase, signaling mounting pressure for monetary tightening.President Trump’s Stance on Fed Chair Warsh President Donald Trump recently offered strong support to Federal Reserve Chair Kevin Warsh following the central bank's latest policy meeting...

Indo-MIM Stocks Surge Past Expectations After Listing at 45% Premium on NSE Amid Strong Investor Demand Indo-MIM, a Bengaluru-headquartered precision engineering component maker, witnessed a successful market debut on Thursday. The company's shares listed at a significant premium across major exchanges following the highly sought after IPO.The listing reflected robust investor interest, as the primary market saw an overwhelming 72.34 times subscription between July 23 and 27. The issue was fully subscribed even on the first day of the bidding process.Listing Details: Stocks Achieve Strong Premium on BSE and NSE On the National Stock Exchange (NSE), Indo-MIM shares were listed at Rs 700 per share, marking a substantial premium of...

Zhongji Innolight Plunges in HK Debut Despite Record $6.8 Billion IPO as AI Stocks Face Valuation Pressure IPO Disappointment: Zhongji Shares Slide Amidst Global AI Sector Retreat Zhongji Innolight, a Chinese manufacturer of data-centre optical components, experienced a disappointing debut on the Hong Kong market. The stock saw its price fall significantly in the city's largest share sale of the year after raising HK$53.4 billion ($6.8 billion). Trading opened at HK$971, which was below its initial offer price of HK$980, eventually settling at HK$902 and marking a nearly 8% decline.The company’s performance contributed to a day of caution in the broader tech sector. While the Hang Seng Index remained largely unchanged, the Hang Seng...

Massive Profit Surge: Why Asian Paints Shares Fell Despite 40% Net Income Jump in Q1 Results Asian Paints shares declined 3% to Rs 2,674 on the BSE on Thursday. This move came despite multiple brokerages raising their target prices after the paint major announced a highly successful first quarter of FY27. The stock faced selling pressure even as the company delivered robust earnings results across its various businesses.Stellar Q1 Results Drive Profit Surge for Asian Paints The paints giant reported a 40% year-on-year (YoY) increase in consolidated net profit, achieving Rs 1,539 crore for Q1 FY27. This performance significantly contrasts with the corresponding quarter of the previous financial year when the profit stood at Rs 1,100...

Whirlpool of India Ltd. Board Meeting Scheduled for August 5, 2026, to Review Quarterly Financial Results Whirlpool of India Limited announced that its Board of Directors is scheduled to meet on Wednesday, August 05, 2026. The meeting includes the review and approval of the un-audited standalone and consolidated financial results for the quarter and three months ended June 30, 2026.The company's board will consider the performance metrics related to the specified period at the scheduled gathering.In addition to the results review, the company provided an update regarding its trading window as per the Code of Conduct for Prohibition of Insider Trading. The trading window for dealing in Whirlpool of India Limited securities was closed...

IPO Firepower: Juniper Green Prepares to Explode with Debt Reduction and Massive Capacity Expansion Juniper Green has officially launched its Initial Public Offering (IPO), signaling a major inflection point for the company. The market is currently focused on the dual strategic pillars presented by the listing: aggressive debt reduction combined with significant capacity expansion plans. This move aims not only to stabilize the balance sheet but also to position the firm for accelerated long-term growth in a competitive landscape.Juniper Green Launches IPO Amid Strategic Transformation The decision to go public marks a critical step in Juniper Green's maturation journey. The IPO is designed to provide the necessary capital infusion...

Vedanta Q1 Profit Surges to ₹945 Cr Amid Mixed Operations as Production and Global Uncertainty Weigh Stock Down Vedanta Oil & Gas shares dipped 4% to Rs 33.79 on the BSE on Thursday, even after the company reported a consolidated net profit of Rs 945 crore for the first quarter of FY27. This significant turnaround comes as the company managed profits despite reporting a substantial net exceptional loss of Rs 441 crore during the quarter. The results reflect volatile operating conditions and persistent challenges in global supply chains.Q1 Turnaround: Net Profit Rebounds Despite Exceptional LossesThe reported profit marks a sharp recovery for Vedanta Oil & Gas, moving dramatically from previous quarters. For the Q1 FY27 period, the...

MOIL Stock Jumps 8% on Profit Surge; Tech Stocks Rally as Companies Report Mixed Quarterly Earnings A flurry of quarterly earnings reports is currently dominating market attention, providing clear indicators for stock-specific movements across various sectors. Investors are scrutinizing these results, which reveal a mixed picture ranging from major commodity surges to challenging profitability in the FMCG space. The trading session continues to be driven by these corporate developments, as companies digest their recent performance metrics.Commodity and Tech Stock Momentum Shifts The mining sector saw significant bullish action with MOIL shares jumping 8%. This rally follows the company posting a substantial 70.1% surge in Q1 profit...

Manipal Health IPO: GMP Holds at 2% as Investors Debate Value vs. Long-Term Growth Potential Manipal Health Enterprises' massive ₹9,275 crore Initial Public Offering (IPO) entered its second day of bidding amidst cautious market sentiment. While the Grey Market Premium (GMP) indicates modest optimism, investors are currently faced with a crucial decision: weigh the company’s robust healthcare fundamentals against a potentially premium valuation.The IPO, backed by institutional players like Temasek and veteran entrepreneur Ranjan Pai, is being closely watched as it moves towards its likely listing date on August 5, 2026. The issue includes fresh equity shares and an Offer for Sale (OFS) from several major stakeholders.Day One...