Markets

Hindustan Unilever Limited Reports 10% Revenue Growth for Quarter Ended June 30, Consolidating Strong Performance Across Segments Mumbai, July 28, 2026 — Hindustan Unilever Limited (HUL) today announced its consolidated results for the quarter ended June 30, 2026. The company reported a significant increase in turnover, achieving ₹17,184 crores, marking the highest growth recorded in thirteen quarters.The overall performance reflected disciplined execution and brand strength, with EBITDA growing by 8% year-on-year (YoY). Consolidated revenue showed an Underlying Sales Growth (USG) of 10%, while the company maintained an EBITDA margin of 23.0%. Profit After Tax before exceptional items grew 9% YoY to ₹2,731 crores. The final reported...

Iris Clothings Reports Strong Performance with 53% Year-on-Year Growth in Net Profit Iris Clothings Limited (NSE: IRISDOREME), a company specializing in the design, manufacturing, and sale of garments for children, has announced its unaudited financial results for the first quarter ended June 30, 2026. The company demonstrated robust growth across key metrics, supported by enhanced EBITDA margins and ongoing strategic expansions.The financial summary reflects significant increases in revenue and profitability across the reported periods.Financial Snapshot Highlights The following table provides a detailed look at the financial performance of Iris Clothings Limited:Particulars (Rs Lakhs)Q1FY27Q1FY26Y-o-Y %FY26FY25Total...

MT Educare Surges as Momentum Stocks Rally; Titan, Sun Pharma Hit Fresh 52-Week Highs Amid Technical Breakouts Stock Market Highlights: Which Sectors Show Sustained Bullish Momentum? On July 28, several stocks managed to quietly grab attention, driven purely by technical strength and sustained buying interest rather than fresh corporate triggers. The market observed a clear bifurcation between rising momentum stocks that are comfortably trading above key moving averages and those facing downward pressure due to their positioning relative to critical resistance levels.MT Educare exhibited strong bullish movement, advancing 4.48% to ₹2.10. This stock is performing exceptionally well, currently trading above all its major moving...

Infosys Migrates NTN Corporation's E-Commerce Platform to SAP Commerce Cloud Infosys Limited announced that it has successfully completed the migration of NTN Corporation’s on-premise e-commerce platform, e-WINGS, to SAP Commerce Cloud 2211. This strategic adoption leverages Infosys Cobalt and comprehensive SAP Commerce expertise to accelerate NTN Corporation's digital growth journey.NTN Corporation, a global manufacturer of precision equipment including bearings, utilized Infosys’ proven methodologies for the transformation. The migration ensured seamless business continuity for the manufacturing company while establishing a scalable, cloud-based architecture.The successful transition delivers several tangible benefits for NTN...

Indian IT Index Jumps 3% as Tech Giants Brace for AI Funding Reckoning in Global Chip Selloff The Indian IT sector is demonstrating surprising resilience, rallying up 3% despite a deepening global tech selloff. This divergence comes amid mounting concerns over the colossal funding requirements of the Artificial Intelligence boom. Indian companies are perceived as being relatively insulated from this risk, largely because they do not possess pure-play AI entities.Global Tech Downturn Driven by AI Funding Doubts A broad-based scare regarding future returns from billions spent on AI is triggering a rapid selloff across chipmakers, spanning from Wall Street to Asian markets. This downturn has caused significant turbulence in global stock...

Mixed Earnings Send Stocks Tumbling: Godfrey Phillips and Coal India Decline Amid Corporate Reports A volatile trading session is expected as investors digest a wave of company-specific Q1 earnings reports and strategic business announcements. The market continues to process varying corporate performance, leading to sharply mixed reactions across multiple sectors. Companies reporting strong operational growth are seeing their stock prices react differently from the fundamentals, signaling ongoing investor caution.Earnings Lead to Decline for Godfrey Phillips and Tata Chemicals Godfrey Phillips India shares plummeted 5% following its Q1 results. The company reported a steep 44.3% decline in profit year-on-year, falling to ₹198.4 crore...

Massive Frenzy for Indo-MIM IPO: 72X Subscription Signals Bumper Listing on BSE and NSE Precision engineering components manufacturer Indo-MIM is set to finalize the basis of allotment for its Rs 3,811-crore initial public offering (IPO) today, July 28. The market response has been overwhelmingly positive across all investor categories, setting the stage for a potentially strong listing on both major exchanges.IPO Subscription Demand Analysis The three day public issue, which closed on July 27, demonstrated extraordinary demand from institutional investors. Data received from the National Stock Exchange showed the IPO was subscribed at an impressive 72.34 times. The company managed to receive bids for 3,98,55,09,960 shares against a...

Rupee Surges Against Dollar as Geopolitical Easing Sparks Commodity Slide and Equity Gains The Indian rupee extended its upward trajectory in early trading on Tuesday, strengthening against the US dollar amidst easing geopolitical tensions and a dip in global oil prices. The currency climbed 35 paise, reaching ₹95.64 per dollar at the interbank foreign exchange market. This appreciation comes as international focus shifts towards diplomatic progress between regional adversaries.Forex Market Dynamics and Currency Appreciation The rupee's gain is attributed to a weak US dollar index coupled with positive sentiment in the domestic equity markets. The currency initially opened at 95.75 against the greenback, rallying further to its...

Subsidiary of Dynamic Services & Security Limited Secures Contract from North East Railway Dynamic Services & Security Limited's wholly owned subsidiary, The Bharat Battery Mfg Co Private Limited, has secured a work order from the North East Railway, PCMM Office, Gorakhpur. The contract involves the supply of Low Maintenance Lead Acid Batteries 200AH/2V to the railway division.The contract represents a significant domestic business award for the battery manufacturer.Key details regarding the newly awarded contract are as follows:DetailInformationClient Awarding OrderNorth East Railway, PCMM Office, GorakhpurNature of OrderSupply of Low Maintenance Lead Acid Battery 200AH/2VContract ValueRs. 24,16,640 (Rupees Twenty-Four...

Infosys Leads Tech Rally as Sensex Trades Flat Ahead of US Fed Meeting; Oil Plunges Amid Geo-Diplomacy Hopes The Indian stock markets, led by the technology sector, saw mixed trading as benchmark indices held steady in anticipation of the upcoming U.S. Federal Reserve meeting. The 30-share Sensex traded at 76,800, while the 50-share Nifty hovered near the 24,000 level. While major banking and infrastructure stocks lagged, technology giants experienced a notable rally, cushioning against global market volatility.Technology Stocks Lead Gains Despite Global Tech Sell-off The domestic rally was largely driven by the IT sector. Stocks like Infosys, Tech Mahindra, HCL Tech, and Eternal managed to gain up to 3%, highlighting India's...

Xtranet Technologies IPO Allotment Today: Stock Debuts on BSE as Strong Subscription Drives Market Buzz Xtranet Technologies, an established IT solutions provider, is set to finalize its Initial Public Offering (IPO) allotment on Tuesday. Investors who subscribed to the Rs 166.80 crore issue are expected to receive updates regarding their share allocation soon. The stock is scheduled for listing debut on both the BSE and NSE markets starting July 30.Grey market sentiment remains cautiously optimistic ahead of the listing, with the Grey Market Premium (GMP) standing at around Rs 8 per share. This GMP suggests a potential listing price near Rs 135, which is approximately 6% above the IPO's upper issue price of Rs 127. However, industry...

Torrent Pharmaceuticals Appoints Shanti Ekambaram as Additional Independent DirectorTorrent Pharmaceuticals Limited has approved the appointment of Shanti Ekambaram as an Additional Independent Director, effective from July 30, 2026. The Board of Directors sanctioned the move based on the recommendation of its Nomination and Remuneration Committee. Ms. Ekambaram will serve for a term of three consecutive years, subject to subsequent shareholder approval.The appointment fulfills the requirement for an Independent Director at the company. Ms. Ekambaram is not related to any other director of Torrent Pharmaceuticals Limited and is not debarred from holding the office of a director by any regulatory authority.<h2>Profile of Shanti...

Zhongji Innolight Surges into Hong Kong Market, Securing Asia's Second Largest IPO as AI Boom Drives Valuations Chinese optical components manufacturer Zhongji Innolight has successfully completed its highly anticipated listing in Hong Kong, having raised HK$53.41 billion ($6.81 billion). The offering is set to be the largest share sale in nearly seven years for the city, underscoring the growing appetite for high-tech manufacturing firms in Asia.The company sold 54.5 million Hong Kong shares in the offering, with the final price set at HK$980 per H share. This pricing was slightly below the initial maximum limit of HK$1,010 announced during the deal’s launch last week.IPO Significance and Market BenchmarksZhongji Innolight's...

Bharat Electronics Shares Plunge as Q1 Profit Declines Sequentially Amid Defense Sector Outlook Shares of defence major Bharat Electronics (BEL) fell 3.5% to Rs 394 on the BSE on Tuesday, following the release of its consolidated net profit for the first quarter of FY27. The results showed a nuanced picture, reflecting solid year-on-year growth but significant sequential profitability pressure.The company reported a net profit of Rs 1,054.53 crore in Q1 FY27. This figure represents a near 9% increase compared to the corresponding period last year (Q1 FY26) when the net profit stood at Rs 969.91 crore.Analyzing BEL's Quarterly Financial Performance While the net profit showed YoY improvement, the quarterly figures revealed steep...

Asian Stocks Plunge Amid Chip Selloff: Regional Benchmarks Head for Technical Correction Asian markets witnessed significant declines on Tuesday, with regional benchmarks sliding sharply. The sell-off intensified across semiconductor stocks, pushing the broader market onto a trajectory for a technical correction. This downturn highlights growing investor skepticism regarding the sustainability of the current AI-driven rally.Semiconductor Selloff Intensifies Across Asia The MSCI Asia Pacific Index experienced a sharp decline, plunging up to 3.5%. The index lost ground from its high point achieved on June 22, now placing it over 10% lower. Key performers in the sector saw substantial losses as global semiconductor stocks were broadly...

Lohia Corp IPO Allotment Expected Today; GMP Hints at Modest Listing Gains Ahead of Debut Investors are awaiting crucial clarity regarding the Lohia Corp IPO allotment as the company is scheduled to finalize the share allocation for its Rs 1,101 crore public offering today. Applicants can verify their status once the allotment process is complete, which will be finalized by the registrar MUFG Intime India or through the official BSE and NSE websites.The shares are set to debut on the stock exchanges on July 30. Despite the timing, the IPO is currently commanding a Grey Market Premium (GMP) of around Rs 11 per share. This GMP suggests an estimated listing gain nearing 3% over the upper issue price of Rs 425, providing an indication of...

Ipca Laboratories Announces Board Meeting to Discuss Q1 2026-27 Unaudited Financial ResultsBoard of Directors meeting details and insider trading restrictions were announced by Ipca Laboratories Ltd regarding the upcoming release of its first quarter unaudited financial results for the financial year 2026-27.The Company's Board of Directors is scheduled to meet on Thursday, August 13, 2026. The primary agenda item for this meeting is the consideration and formal recording of the standalone and consolidated unaudited financial results for the first quarter ended June 30, 2026, pertaining to the financial year 2026-27.In addition to the board meeting schedule, Ipca Laboratories confirmed the closure status of its insider trading...

Indo-MIM IPO Allotment Expected Today: 39% Grey Market Premium Signals Explosive Listing Debut The wait is drawing to a close for investors in the Indo-MIM Initial Public Offering (IPO), with the basis of allotment set to be finalized today. This public issue, which saw overwhelming demand, is slated for its stock market debut on both the BSE and NSE on July 30. Investors are eagerly awaiting confirmation regarding their allotment status after a highly successful subscription period.IPO Subscription Details and Structure The Indo-MIM offering was structured as a mix of a fresh issue and an Offer For Sale (OFS). The public issue, which ran from July 23 to July 27, demonstrated robust investor confidence across all categories.The...

L&T Secures Ultra-Mega Framework Agreement with TenneT for 2 GW Offshore Wind Programme Larsen & Toubro Limited (L&T) has concluded a Framework Cooperation Agreement (FCA) with TenneT, establishing a partnership to support an ambitious 2 GW offshore wind programme. The agreement involves L&T, in consortium with Hitachi Energy, and is designed to accelerate Europe's transition toward a sustainable and decarbonised clean energy future by supporting the large-scale integration of offshore renewable energy.The FCA covers six projects and future opportunities within TenneT's 2 GW HVDC programme. The existing projects under the agreement include IJmuiden Ver Alpha and Nederwiek 1 in the Netherlands. Additionally, the consortium will...

Cube Highways Trust Advances Transition from Private to Public Listed Infrastructure Investment Trust Cube Highways Trust has approved the next stage in its shift towards a public listing status, initiating an offer for sale of units by existing unitholders. The move sees the trust transitioning from a private listed infrastructure investment trust to a fully public listed entity.The board of directors of Cube Highways Fund Advisors Private Limited, acting as the Investment Manager to the Trust, resolved on Monday, July 27, 2026, approving the strategic filing related to this transition. This action sets in motion the conversion process for the infrastructure investment trust.As part of the planned public listing, an offer is being...