Markets

Poojaa Precision IPO Surges Over 3X! Grey Market Premium Signals Massive Listing Gains for Engineering Firm Poojaa Precision Engg. has generated significant investor excitement on the opening day of its SME initial public offering (IPO). According to BSE data, the issue received strong demand, having been subscribed over 3 times by 12:30 pm on July 28. This robust response confirms the high interest in the precision engineering firm's market debut.The company is raising a total of Rs 159.83 crore through this book-built SME offering. The IPO includes a fresh issue of 53,10,000 shares and has been set with a price band ranging from Rs 285 to Rs 301 per share. Investors have until July 30 for the subscription process.Investor Demand...

Axis Nifty Energy ETF Launches: Tracking Powerplay in Sector with 95% Index Exposure Axis Asset Management Company Ltd. has introduced the Axis Nifty Energy ETF, a specialized fund designed to capture the performance trajectory of the energy sector through a passively managed strategy. This new Exchange Traded Fund (ETF) is benchmarked against the Nifty Energy TRI, providing investors direct exposure to companies central to petroleum, gas, and power industries. The launch positions the product as a tool for those seeking targeted investment in India's critical energy backbone.Strategic Focus and Asset Allocation The Axis Nifty Energy ETF is structured as an open-ended scheme, focused on replicating or tracking the defined metrics of...

Ampere and Muthoot Capital Partner to Boost Affordability and Accelerate EV Adoption in India Ampere, the electric two-wheeler (E2W) brand of Greaves Electric Mobility Limited (GEML), has partnered with Muthoot Capital Services, one of India's leading retail NBFCs. This strategic alliance aims to significantly improve the accessibility and affordability of electric mobility across the country, directly supporting accelerated EV adoption in the Indian market.The partnership is designed to overcome affordability barriers by offering comprehensive financing solutions tailored to diverse income brackets and specific mobility needs. These flexible repayment options are expected to expand access to electric vehicles for a wide range of...

Indoco Remedies Reports Q1 FY26 Results; Domestic Formulation Drives Growth Amid Strategic Focus Indoco Remedies Limited has announced its Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The results reflect a focus on long-term strategy execution across core businesses despite a dynamic operating environment, with growth attributed primarily to the domestic formulation business.The company’s performance in the first quarter of the financial year 2026–27 saw revenues reach ₹4,081 million (mn) in the standalone segment, up from ₹3,856 mn in the same quarter last year. The Earnings Before Interest, Depreciation and Tax (EBITDA) to net sales for the quarter stood at 10.3%, compared to 3.8% in...

Antony Waste Handling Cell Announces 25th Annual General Meeting and Final Dividend Details Antony Waste Handling Cell Limited, a company celebrating 25 years in waste management since 2001, has scheduled its 25th Annual General Meeting (AGM) and announced key details regarding the final dividend for the financial year 2025-26.The AGM is set to take place on Thursday, August 20, 2026. The meeting will be conducted through Video Conferencing or other Audio Visual Means.In conjunction with the AGM, the company has fixed a Record Date of Thursday, August 13, 2026. This date determines which members are eligible to receive the final dividend of ₹0.50 per equity share for the financial year 2025-26.The company stated that if the...

Sundaram Clayton Reports Strong Revenue Growth in Q1 FY2026-27, Amid Input Cost Pressures Sundaram Clayton Limited (SCL) has reported its unaudited financial results for the quarter ended June 30, 2026. The company highlighted a significant increase in standalone revenue for the period, although profitability margins were impacted by rising input costs and logistical expenses.The results, which encompass both standalone and consolidated performance, provide insights into SCL’s operations across the automotive components sector, as well as global business development efforts.Standalone Financial Performance Highlights For the quarter ended June 30, 2026, Sundaram Clayton reported a total income of 527.95 Crores (Rs.), demonstrating...

HEG Limited Faces Preliminary 6.99% Countervailing Duty in US Investigation HEG Limited has received a preliminary affirmative determination from the U.S. Department of Commerce concerning its exports, which involves imports of large diameter graphite electrodes from India into the United States. The finding relates to a Countervailing Duty (CVD) investigation.The details of the preliminary determination were received by the company on July 27, 2026, at 9:47 PM IST. Under this preliminary assessment, the U.S. Department of Commerce has determined a CVD rate of 6.99% for HEG Limited. This determination indicates that cash deposits may be required during imports of the subject merchandise into the United States, in compliance with...

Panama Petrochem Announces 44th Annual General Meeting and Releases Financial Year 2025-26 Annual Report Panama Petrochem Limited has announced the date for its 44th Annual General Meeting (AGM) and made available the Annual Report for the financial year ended March 31, 2026. The company released this information on July 28, 2026, detailing meeting arrangements and providing access to the financial documents for shareholders.The 44th AGM is scheduled to be held on Monday, August 24, 2026, at 11:30 A.M. IST. The meeting will be conducted through Video Conference (VC) or other Audio Visual Means (OAVM).Shareholders who have not received the notice of the AGM and the Annual Report via electronic means are provided with a web link to...

UPL Acquires Sustainable Tech Inc in US Expansion into Aquatics and Environmental Solutions UPL Limited, through its international subsidiary, has completed the acquisition of Sustainable Tech Inc, a company focused on water treatment and environmental solutions. The purchase solidifies UPL’s presence within specialized agricultural technology sectors globally.The target entity, Sustainable Tech Inc, was incorporated on July 14, 2026, and operates within the Agro Chemical industry. The focus of acquisition is the aquatics business sector, concentrating on methods for controlling aquatic plants and algae in water systems.The acquisition was finalized on July 27, 2026. Sustainable Tech Inc will operate as a step-down subsidiary under...

Apollo Micro Systems Empanelled by Indian Air Force as Prime Developer for Indigenous Precision Guided Munitions<p>Apollo Micro Systems Limited (AMS) has secured a critical contract win after being formally empanelled by the Indian Air Force (IAF) as a Prime Development Agency (DA) for the Indigenous Precision Range Extension Kit (IPREK) programme. This achievement marks AMS’s significant entry into India's high-value precision guided munition (PGM) segment, a sector that has historically relied heavily on imports.</p><p>The empanelment, conducted under the Make-II (Industry Funded) category of India's Defence Acquisition Procedure 2020, recognizes AMS as the capable entity to design and deliver a precision guided weapon system...

Transrail Lighting Announces Interim Dividend and Approves Up to Rs 600 Crore QIP Amid UAE Investment Transrail Lighting Limited, in a Board meeting held on Tuesday, July 28, 2026, announced an interim dividend, approved a significant fundraising initiative through Qualified Institutional Placement (QIP), and greenlit a further investment into its wholly-owned subsidiary in the UAE. The Board also considered changes to the company's Main Object Clause (MOA).The company declared an Interim Dividend of ₹3 per equity share, based on a face value of ₹2 each (representing 150%), for the financial year 2026-27. The record date for members to be entitled to this dividend has been set as Monday, August 3, 2026.Addressing operational and...

Commercial Court Dismisses Petitions Against MBL Infrastructure Award in Uttarakhand Roads ProjectThe Commercial Court in Dehradun, Uttarakhand, has dismissed petitions filed by the Public Works Department, Government of Uttarakhand, concerning an arbitration award given in favour of MBL Infrastructure Ltd. The ruling pertains to the project titled 'Improvement and Strengthening of Roads in the District of Udham Singh Nagar (Package No. C-2)'.The arbitration award, which was dated 14.12.2024, stands firm following the court's decision. As of July 27, 2026, the value of this arbitration award, including accrued interest, amounts to Rs 82.77 crores. The award also stipulates that further interest is continuing at a rate of 12% per...

Goldman Sachs Points to Auto Parts Boom: Sansera Engg Stocks Could Surge Up To 28% Goldman Sachs has identified key performers within India's automotive components sector, signaling a robust growth trajectory for specialized engineering firms. The research note highlights specific companies positioned for significant capital appreciation as the auto parts industry continues its expansion phase.The investment bank is particularly bullish on Sansera Engg, projecting an upside potential of up to 28% based on their internal analysis and market outlook. This targeted rating underscores the crucial role that specialized component manufacturers play in the stability and growth of India's automotive ecosystem.Goldman Sachs’ Deep Dive into...

Varun Beverages Announces Interim Dividend and Posts Strong Q3 Results on Consolidated Basis Varun Beverages Limited (VBL) announced its unaudited consolidated financial results for the quarter and half year ended June 30, 2026, reporting robust figures across operations. In a corporate decision announced alongside the results, the Board of Directors approved the payment of the second interim dividend for the financial year 2026.The Board meeting held on July 28, 2026, considered and approved key operational updates and shareholder benefits. The company decided to pay a 2nd interim dividend amounting to ₹0.50 (Fifty Paisa only) per Equity Share. This decision was made against the backdrop of VBL having a total issued, subscribed and...

SpaceX Stock Plummets from Trillionaire Peak: Inside the $10 Billion Burn Rate Driving Steep Selloff SpaceX, a company that once epitomized rocket fuel euphoria, is facing a steep correction following its explosive IPO debut. The stock, which saw Elon Musk momentarily achieve the status of a trillionaire, has seen dramatic volatility as investors grapple with underlying financial realities and execution risks associated with the space venture.The Trajectory of a Tech Unicorn’s Stock Price SpaceX’s journey from market debut to major correction was swift and dramatic. The company debuted on June 12, with shares trading at $161, marking a significant rise from the IPO target price of $135, after an initial IPO range that saw strong...

Exim Routes Reports Strategic Scaling and Financial Partnerships Amid Global Market Trends Exim Routes Limited has reported significant operational milestones and advancements in its technology platform, highlighting a strategy of scaling sourcing despite challenging global market trends. The company's investor update for June 2026 detailed key metrics, new partnerships, and the deployment of enhanced digital tools across its supply chain operations.Operational Expansion and Market Resilience Despite macro trends being challenged by uncertainty in the Middle East, which is impacting oil prices and supply from the region, Exim Routes has focused on expanding its operational footprint. The company successfully leveraged global sourcing...

Manipal Health IPO Reveals Debt Repayment Focus as Acquisition Spree Consumes Over 77% of Rs 8,000 Crore Fresh Issue Manipal Health Enterprises is set to launch a major capital raise with its upcoming Initial Public Offering (IPO). However, the strategic allocation of the fresh issue reveals that the company is prioritizing balance sheet repair over unfettered growth. A substantial portion of the IPO proceeds will be dedicated to settling debt related to an aggressive acquisition spree undertaken by the hospital operator.The hospital group plans to dedicate a significant amount, Rs 5,552.76 crore, solely toward repaying or prepaying borrowings and accrued interest at its subsidiary Manipal Hospitals Private Limited. This allocation...

GST Demand Raised Against Nucleus Software Exports Limited for FY 2018-19 Nucleus Software Exports Limited has received an order from the GST Appellate Authority concerning financial year 2018-19, wherein a significant tax demand has been levied against the company. The decision was received by the firm on July 27, 2026.The demand has been raised by the Goods and Service Tax Department, Additional Commissioner Grade-II Appeal. As per the order, the total GST demand stands at INR 47,02,500/-. This amount encompasses a penalty of INR 2,25,000/-, along with interest totaling INR 22,27,500/-.The tax reversal, leading to the increased demand, relates to certain credit notes that were not appearing on the GST portal, which serves as the...

Rossell Techsys Limited Announces Quarterly Results, Appoints Internal Auditor Rossell Techsys Limited on July 28, 2026, announced key outcomes from its Board of Directors meeting, approving the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company also appointed MMAK & Co as its Internal Auditor for the financial year 2026-27.The board meeting addressed several operational and governance aspects of the company's performance during the quarter. Key decisions included setting the date for the Fourth Annual General Meeting (AGM) and fixing a crucial record date for shareholders.Financial Performance Overview Rossell Techsys Limited posted specific financial results for both its...

Hind Rectifiers Limited Unveils New Logo Reflecting Core Brand Vision Hind Rectifiers Limited has announced a significant update to its corporate identity, unveiling a new logo that modernizes and refines its existing brand representation. The company, which specializes in Perfectly Engineered Power Conversion Systems, intends for the new design to reflect both its current operational status and future business trajectory.The refined design takes the company’s core 'H' logo and transforms it into a more precise and versatile visual identity. This change allows Hind Rectifiers Limited to align its branding with the high standards expected in the power conversion sector.The company plans to implement the new logo across all platforms...