Markets

Sona BLW Surges on Robust Q1 Results, But Valuation Concerns Temper Rally Amid EV Transition Risks Stock of Sona BLW Precision Forgings reacted with volatility in early trading after reporting a strong consolidated net profit for the June quarter. Although shares initially surged, investors subsequently sold off gains as they assessed the company's outlook and current valuation following the results announcement. The stock was trading at Rs 712.55, down Rs 7.20 or 1% by 10:15 am.Q1 Financial Performance Highlights Drive Stock Movement Sona BLW delivered a strong financial performance for the quarter. The company recorded a consolidated net profit of Rs 180.47 crore for June, marking a significant rise of 44.7% year-on-year. Revenue...

Divi's Laboratories Announces Q1 FY27 Earnings Release and Conference Call Schedule Divi's Laboratories Limited has scheduled the release of its unaudited financial results for the quarter ended June 30, 2026. The company confirmed that management will host an earnings conference call to discuss the financial performance following the results announcement.The unaudited financial results for Q1 FY27 are slated for release on August 01, 2026. Following this release, a dedicated earnings conference call is scheduled for the same date at 14:00 hrs (IST).The company has provided specific dial-in instructions for stakeholders wishing to participate in the audio discussion of its performance for Q1 FY27.EventDateTimeUnaudited...

RGSPL increases stake in Shankara Building Products Ltd through open market purchase Rajasthan Global Securities Private Limited (RGSPL) has acquired an additional stake in Shankara Building Products Limited, boosting its holding percentage following a transaction conducted on July 22, 2026. The acquisition was carried out via the Open Market route by RGSPL, along with its associate PAC, RGSL Investment LVF 1.The shareholding of Rajasthan Global Securities Private Limited and its associated Persons Acting in Concert (PAC) increased subsequent to the purchase of shares. Before the transaction, the acquirer group held 21,06,531 shares, representing 8.69% of the total diluted share/voting capital of Shankara Building Products Limited...

Aspect Global Ventures Acquires Over 70% Stake in Duke Offshore Limited Aspect Global Ventures Private Limited has acquired a substantial stake in Duke Offshore Limited through the consummation of a Share Purchase Agreement. The acquisition was finalized on July 21, 2026, following an agreement executed between the Acquirer and the sellers on June 11, 2026.The transaction resulted in Aspect Global Ventures acquiring 69,59,800 Equity Shares of Duke Offshore Limited. This acquisition accounts for 70.61% of the total diluted share/voting capital of the company at the time of receipt of intimation. Prior to this purchase, the acquirer and associated persons holding (PACs) held nil shares or voting rights in the target company.The mode...

Indo-MIM IPO Surges Past 1X Subscription; High GMP Signals Stellar Market Debut The initial public offering (IPO) of precision engineering manufacturer Indo-MIM has witnessed significant investor enthusiasm on the second day of bidding. The issue, which is set to conclude on July 27, saw impressive demand as of the morning trading data from the National Stock Exchange.As of the latest update, the IPO stands subscribed nearly 1.5 times. This response reflects strong interest across different investor segments for the Rs 3,811.21-crore public issue.Indo-MIM IPO Sees Strong Investor Interest Investor demand was led by non-institutional participants, who contributed a subscription rate of 3.6 times. Retail individual investors (RIIs)...

Coforge Secures $230+ Million Five-Year Contract with European Client for AI Transformation Coforge Limited, a global AI native engineering services leader, has secured a significant five year contract valued at over $230 million. The contract involves an AI led transformation engagement with a major client in Europe. This agreement marks one of the largest AI led transformation programs secured by the company within the region.The strategic engagement is set to incorporate modern Low Code No Code platforms with AI powered automation and accelerated AI infused software development practices. Coforge will support the client's long term innovation agenda, aiming to transform business operations. The successful implementation of this...

RBI Intervention Blunts Oil Fury as USD-INR fights Tumble Amid Geopolitical Storms The Reserve Bank of India (RBI) intervened aggressively in the currency market on Friday, managing to stem a sharp depreciation scare despite escalating global commodity prices and domestic equity losses. Reports indicated that state-run banks were actively selling dollars before the morning session opened at 9 a.m. IST. This action helped pull the rupee up to 96.50 per U.S. dollar after it had previously dipped on the interbank order-matching system to 96.80.Currency Battle: RBI Stabilizes Rupee Amid Dollar Pressure The currency stability was crucial as global tensions intensified and crude oil prices accelerated sharply. The rupee showed resilience...

Deep Industries Ltd to Host Earnings Call for First Quarter Ended June 30, 2026Deep Industries Limited announced that it will host an earnings call for investors and analysts to discuss the company's financial performance for the first quarter ended June 30, 2026. The scheduled event is set for Wednesday, July 29, 2026, at 11:00 AM IST.The earnings call provides stakeholders with an opportunity to review the company's operational and financial results from the specified period.Key participants for the session include Mr. Paras Savla, Chairman & Managing Director, and Mr. Rohan Shah, who serves as the Director Finance & Chief Financial Officer of Deep Industries Limited.Details regarding the earnings call are summarized below...

Control Print Limited Reports Q1 FY27 Results Amid Strategic Acquisitions and Focus on Annuity Model Growth Control Print Limited (CPL) has highlighted its strategic focus on long-term value creation, driven by a transition towards an annuity model. The company's operational strength is underpinned by a growing installed base of printers and its market position in the coding and marking industry, as reported in its Q1 FY27 results.The company maintains a significant presence across India, boasting an installed base exceeding 23,000 printers and serving over 2,700 pin codes in more than 1,700 cities and towns. CPL positions itself as the only coding and marking company of its size that manufactures and sells products within India.Q1...

Mphasis Board Comments on Alleged Noncompliance: Fine Levied by BSE and NSE for Governance Regulation Mphasis Ltd., concerning its adherence to listing regulations, has addressed notices from the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE). The notices pertain to alleged non-compliance with Regulation 17(1) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, for the quarter ending March 31, 2026.The company’s Board of Directors reviewed the matter in a meeting held on July 23, 2026. The board reiterated that governance operations were not impaired, as no Board meeting was convened during the period in question. Furthermore, Mphasis emphasized that the Company remained compliant...

Indian Metals & Ferro Alloys Ltd Announces Board Meeting to Discuss Q1 Financial Results Indian Metals & Ferro Alloys Ltd has scheduled a meeting of its Board of Directors to review the unaudited financial performance for the quarter ended June 30, 2026.The company's board is set to convene on Tuesday, August 4, 2026, with the purpose of considering and taking on record the unaudited financial results, covering both Standalone and Consolidated figures.In relation to this announcement, the trading window for all Directors, Key Managerial Personnel, Designated Persons, and Connected Persons was closed effective July 1, 2026. This trading restriction will remain in effect until August 6, 2026, facilitating the declaration of the...

Lord's Mark Industries Files for Listing Approval on NSE to Expand Market Presence Lord's Mark Industries Limited has submitted an application seeking listing and trading approval on the National Stock Exchange of India (NSE). This move focuses on gaining access to a broader national trading platform for the company's equity shares, which are currently listed on the BSE.The planned listing on NSE is set to significantly enhance market visibility and accessibility for investors. The strategic initiative aims to improve liquidity for the Company's existing issued, subscribed, and fully paid-up equity shares, simultaneously helping to broaden the investor base.The company maintains that the proposed listing is conditional upon...

Kwality Pharmaceuticals Receives CDSCO Nod to Initiate Preclinical Pilot Batches of Pembroluzimab Kwality Pharmaceuticals Limited has achieved a major milestone in its biologics development journey after receiving permission from the Central Drugs Standard Control Organization (CDSCO). The approval allows the company to manufacture pilot batches of Pembroluzimab for preclinical studies.The CDSCO granted this authorization following a thorough review of the product's development data submitted by the Company's R&D team. This clearance marks a critical transition for the drug, moving it from the research and development stage into the Pre-Clinical stage.The approval signifies Kwality Pharmaceuticals’ advancement in developing...

Afcons Infrastructure Shares Released from Pledge After Debentures are Redeemed The encumbrance over a significant block of equity shares of Afcons Infrastructure Limited has been released, following the full redemption of GIPL Debentures and Capespan Debentures. This release was formally recorded on July 21, 2026, concerning shares previously pledged by Goswami Infratech Private Limited (GIPL) in favor of Axis Trustee Services Limited (ATSL).The transaction documents confirmed that the debentures issued to certain holders of GIPL and Capespan have now been redeemed in full. Consequently, the pledges—including the GIPL Pledge, the Initial Afcons Pledge, and the Subsequent Afcons Pledge—held by Axis Trustee Services Limited on behalf...

Cipla Stock Surges on Q1 Profit Leap; Motilal Oswal Cautions, Citing Domestic Strength and Future Hurdles Cipla shares witnessed a solid rally in the morning trade after the drugmaker announced its quarterly results for the June quarter. The stock traded at Rs 1,428.50, gaining Rs 35.50 or 2.55% as the company reported an operational performance that was largely in line with expectations.The strong response followed the release of consolidated net profit of Rs 789 crore for the quarter ended June 30. This figure marks a sequential improvement of 42% from the March quarter's Rs 555 crore, although it is down 39% compared to the previous year's results of Rs 1,298 crore.Cipla Q1 Earnings Highlights and Financial Metrics Revenue from...

Caliber Mining Stock Surges Post-IPO as Listing Premiums Exceed 18 Percent Amid Massive Subscription The IPO listing of Caliber Mining and Logistics witnessed a strong market debut, with shares trading at a significant premium across both the National Stock Exchange (NSE) and the BSE. The company’s stock performance reflected intense demand, following a massive subscription in the primary market during its offering period.Stellar Market Reception Following High Subscription Caliber Mining saw an overwhelming response from investors during its initial public offering. The IPO was subscribed at 146.64 times across the primary market between July 17 and July 21. This exceptional demand set the stage for a premium listing on both major...

Japan Core Inflation Rallies Amid Rising Producer Costs; Markets Watch for BoJ's Rate Outlook Japan's core consumer inflation showed signs of acceleration in June, but persistent concerns regarding the Bank of Japan's (BOJ) future rate policy continue to keep financial markets on edge. Government data indicates that the core consumer price index (CPI), which excludes volatile fresh food items, rose 1.6% year-on-year. This figure matches market expectations and marks an uptick from the 1.4% increase recorded in May.The inflation momentum is underpinned by services and underlying goods prices. The specialized index excluding both fresh food and fuel rose 1.7% year-on-year, easing slightly from 1.8% in May. This indicates that while...

Bank Sector Faces Major Selloff as Four Giants Wipe Out Rs 1.5 Lakh Crore of Investors' Wealth Post-Q1 Earnings The Indian banking sector faced a heavy selloff this week, with shares of four major private lenders—HDFC Bank, Axis Bank, Kotak Mahindra Bank, and Yes Bank—tumbling following their Q1 earnings disclosures. The combined loss has reportedly eroded over Rs 1.5 lakh crore from investors' portfolios, pushing the Nifty Private Bank index down more than 4% in just four trading sessions.While these significant losses underscore market apprehension, many analysts are now highlighting that the sharp corrections have driven valuations for these established banks to increasingly attractive levels. The decline is set against a backdrop...

Brent Crude Surges Past $100; What This Price Spike Means for Gold Investors Gold markets saw slight declines as Brent crude oil prices surged past the critical $100 mark on Friday, fueled by escalating geopolitical tensions in West Asia. This dramatic rise in energy costs is forcing investors to recalibrate their outlook on precious metals amid global market volatility.Precious Metals Dip Amid Oil Surge The international spot gold declined 0.16 percent to $4,043.60 per ounce during morning trading on Comex. Silver also saw a dip, falling 0.46 percent to $57.78 per ounce against the backdrop of rising crude prices.In the domestic market, futures showed minor declines. The August contract for gold traded down 0.71 percent to Rs...

Meesho Stock Plummets Despite Strong Q1 Earnings and Brokerage Upgrade Shares of Meesho Ltd experienced a significant decline in early trade on Friday, trading at ₹180.5, which saw a 4.4 percent drop. The stock's movement made it among the top losers listed on both the BSE 500 and NSE 500 indices. This downturn occurred despite the company reporting improved Q1 FY27 earnings and receiving a bullish upgrade from a brokerage firm.Financial Performance Highlights in Q1 FY27 Meesho demonstrated solid improvements across key financial metrics for the June quarter. The company reported an operational revenue increase of 48 percent year-on-year, reaching ₹3,712.8 crore. Consolidated net loss narrowed substantially to ₹132.8 crore, compared...