Markets

Sundaram Clayton reports strong Q1 revenue growth amid industry pressures Chennai, July 28, 2026: Sundaram Clayton Limited (SCL) announced a significant rise in standalone revenue for the quarter ending Q1 FY 2026-27. The company recorded an increase of 19% in revenue, managing to grow its business despite increased operating costs and global uncertainties.For Q1 FY 2026-27, SCL's standalone revenue reached Rs 524.2 Cr, compared to Rs 442.1 Cr reported in the same period of FY 2025-26. While revenue saw an increase, the EBITDA for the quarter stood at Rs 66.5 Cr (a margin of 12.7%), a decline from the Rs 70.6 Cr (16.0%) recorded during Q1 2025-26. The reduction in EBITDA was attributed to increases in input costs, specifically those...

A-1 Ltd Reports Unaudited Quarterly Results: Standalone and Consolidated Income Released for Quarter Ended June 30, 2026 A-1 Ltd, formerly known as A-i Acid Limited, has announced its unaudited financial results for the quarter ended June 30, 2026. The company released both standalone and consolidated figures, which were reviewed by the Statutory Auditors and approved by the Board of Directors on July 28, 2026.The Q1 performance highlights show a steady revenue base across the company's primary business segments, Acids and Chemicals, and Sports Equipments.Standalone Financial Performance (A-1 Ltd) For A-1 Limited during the quarter ending June 30, 2026, total income stood at INR 17,513.13 Lakhs. The company reported Total Expenses...

Varun Beverages Announces Second Interim Dividend of ₹0.50 Per Share; Releases Unaudited Results Varun Beverages Limited has approved significant corporate actions following its Board meeting, announcing the second interim dividend and releasing unaudited financial results for the half-year ending June 30, 2026.The company determined that shareholders will receive a second interim dividend of ₹0.50 (Fifty Paisa only) per equity share for the Financial Year 2026. This declaration is based on the total issued, subscribed, and paid-up capital of 338,24,64,894 equity shares, each having a nominal value of ₹2/- (Rupees Two only).The Record Date for determining entitlement to receive the interim dividend has been fixed as Saturday, August...

Supreme Industries Approves Q1 2026 Unaudited Results; Total Income Reaches 2,726.79 Crores Supreme Industries Limited has announced its unaudited financial results for the first quarter ended June 30, 2026. The company's Board of Directors approved the Consolidated and Standalone results, which indicate robust performance across various segments.In the consolidated view, Supreme Industries reported a Total Income of 2,726.79 Crores for the quarter. The Group recorded total expenses of 2,446.20 Crores, leading to a Profit After Tax of 280.72 Crores. For the standalone company, which also saw a revenue from operations of 2,717.66 Crores, Total Income stood at 2,726.79 Crores and Profit After Tax was recorded at 207.76 Crores.The...

Axis Launches New CRISIL-IBX Debt Index Fund Targeting Stability in Short-Term Corporate Bonds Axis Mutual Fund has introduced the Axis CRISIL-IBX Financial Services 9-12 Months Debt Index Fund. This new product is designed as an open-ended Constant Maturity Index Fund, offering investors a focused exposure to short-to-medium term credit instruments. The scheme aims to mirror the total returns of the underlying benchmark before expenses, positioning it for investors seeking income from shorter-term maturity debt products.The fund’s structure provides a relatively low interest rate risk and low credit risk profile, suitable for debt-conscious portfolios. Investors looking for stable returns in the fixed income segment can find this...

Varun Beverages Reports Q2 and H1 Financial Results; Extends PepsiCo Agreement, Announces Strategic Acquisitions Gurgaon, July 28, 2026: Varun Beverages Limited (VBL), a key player in the beverage industry, announced its financial results for the second quarter and half year ended June 30, 2026. The company also detailed several major strategic agreements and expansions, including an extended bottling appointment with PepsiCo and the entry into a franchise partnership with Asahi Group Holdings.VBL reported solid growth across its markets in Q2 CY2026. Net revenue from operations grew by 20.4% year-on-year (YoY) to Rs. 84,512.3 million. EBITDA increased by 17.2% YoY reaching Rs. 23,430.4 million, while Profit After Tax (PAT) rose by...

TTK Prestige Limited Releases Unaudited Financial Results for First Quarter of Fiscal Year 2026-27 TTK Prestige Limited released its un-audited financial results and a Limited Review Report for the first quarter ended June 30, 2026. The Board of Directors approved these statements during a meeting held on July 28, 2026. The company reports its performance across both standalone and consolidated segments for the period.The Un-audited Statement of Financial Results for the Quarter Ended 30th June 2026 reflects key operational metrics for TTK Prestige Limited. The results were reviewed by M/s PKF Sridhar & Santhanam LLP, Chartered Accountants.Key financial data from the statement for the quarter ended June 30, 2026, is presented in...

FIIs Surge into Select Stocks: Vedanta's Sterlite Tech Hits Stellar Rally as AI Data Centre Boom Fuels 400% Gains While foreign investors have pulled approximately $20 billion from the Indian market in FY26, the selling trend has been neither uniform nor indiscriminate. Instead, overseas institutional players are becoming significantly more selective, placing their capital strategically into high-growth value pockets. Among these favored stocks, Vedanta-backed Sterlite Technologies (STL) has emerged as a prime beneficiary of this focused foreign interest, underpinning its phenomenal market performance.The optical fibre maker has witnessed a remarkable ascent in 2026, skyrocketing by 415%. This rally is strongly supported by growing...

Apollo Micro Systems Awarded Make-II Sanction Order from Indian Air Force for Indigenous Smart Bomb ProjectApollo Micro Systems Limited (AMS) has been awarded a Make-II Prototype Sanction Order (PSO) by the Indian Air Force. This award recognizes the company's established capabilities in developing indigenous Guidance and Navigation Kits, marking AMS’s entry into India’s high-value Precision Guided Munition (PGM) segment.The project involves the design, development, and prototype demonstration of a 500 Kg Smart Bomb. The weapon system is designed to be released from over 80 to 100 kilometres away while still achieving landing accuracy within 3 metres of the intended target, falling under the Make-II category.This initiative...

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...