Markets

Shipping Corporation of India Announces Change in Senior Management The Shipping Corporation of India Limited has reported a change in its senior management team. The company confirmed that Mr. Panduranga Vittal Pamidimokkala, who holds the designation of Chief Manager (Law) and Head-Legal, has ceased his role.Mr. Pamidimokkala's departure is noted as a deputation from SCI to the post of Executive Director in NFRA on a short term contract basis. This change involves the cessation of his duties within The Shipping Corporation of India Limited.The key details regarding this organizational change are presented below:DesignationName of Senior Management PersonnelReason for ChangeAppointment/CessationDate and Time of Occurrence...

Hisar Metal Industries Ltd. to Hold Board Meeting for Q1 Financial Results Review Hisar Metal Industries Limited has scheduled a meeting of its Board of Directors to consider and approve the unaudited financial results for the quarter ended on June 30, 2026. The board meeting is set to take place on Saturday, August 08, 2026.The company also provided an update regarding insider trading regulations. In compliance with its Code of Conduct and relevant provisions, the trading window for Directors, Designated Persons/Employees, and their dependents has been closed. This closure was effective from July 1, 2026, and remains in effect until 48 hours after the declaration of the financial results for the quarter ended June 30, 2026...

DOMS Industries’ Tax Penalty Set Aside as Appellate Authority Orders Refund of ₹17.75 Lakhs DOMS Industries Limited has successfully appealed an earlier tax determination, with the Appellate Authority setting aside allegations and the resulting penalty levied against the company. The Order-in-Appeal directs that the Proper Officer process a refund of the entire penalty amount paid by DOMS Industries, along with applicable interest.The resolution follows a dispute concerning the transportation of taxable goods without the requisite specified documents. Initially, DOMS Industries faced an adverse order from the State Tax Department regarding this alleged contravention. The company proceeded through appellate proceedings to contest the...

Indo SMC Reports Strong Q1 FY27 Performance Driven by Capacity Expansion and New Export Milestones Indo SMC Limited, an integrated manufacturer of advanced electrical enclosures, transformers, switchgear, and FRP-based products, has reported a robust performance for the quarter ended June 30, 2026. The company serves the power distribution, industrial, and infrastructure sectors through its dedicated divisions across Gujarat, Maharashtra, and Rajasthan.The financial results indicate significant growth, with revenue reaching ₹ 88.12 Cr in Q1 FY27. This performance marks a substantial year-on-year increase of 135.96%.Financial Performance Snapshot (Q1 FY27) The company's operations are spread across its various manufacturing...

Suzlon Secures 201.6 MW DevCo Wind Order from Waaree Group for Andhra Pradesh Project Suzlon Energy Limited has secured a significant renewable energy contract, awarded by Waaree Forever Energies Private Limited (WFEPL), the Independent Power Producer (IPP) arm of Waaree Group. The order is for a 201.6 MW wind project in Andhra Pradesh and marks a milestone under the Suzlon DevCo model, signaling the growing industry shift toward developing integrated energy solutions.The contract involves Suzlon providing comprehensive EPC services for the renewable venture. Under the agreement, Suzlon will install 64 units of its flagship S144 wind turbine generators (WTGs), each rated at 3.15 MW. The scope of work delivered by Suzlon is end-to-end...

Mrs. Bectors Food Specialities Ltd Clarifies Price Movement, Attributes Changes to Market ForcesMrs. Bectors Food Specialities Ltd has issued a clarification regarding recent price movements of its securities across exchanges. The company addressed inquiries related to the stock's performance and market behavior.The company confirmed that there is no undisclosed or price sensitive information at this time. Furthermore, Mrs. Bectors stated that it does not have any impending corporate action or announcement that requires communication to the exchanges.According to the clarification, the volatility in the scrip’s price and volume behavior is solely attributed to market forces at play.Mrs. Bectors Food Specialities Limited assured...

Xtranet Technologies IPO Gains Momentum as Issue Crosses 10% Subscription Mark on Day One Xtranet Technologies Limited has made a strong start with its Initial Public Offering (IPO), achieving a subscription rate of over 10 percent by 10:20 am on July 23. The IT solutions provider, which aims to raise Rs 166.80 crore through this maiden stake sale, is offering shares in the price band of Rs 120 to Rs 127 apiece.The public issue encompasses a total of 91,93,800 shares, and investors can apply for a minimum of 110 equity shares. Retail individual investors (RIIs) have led the demand significantly, recording a 20 percent subscription rate. In contrast, non-institutional investors recorded a 5 percent subscription so far on Day 1...

BlueStone Jewellery Shares Surge 7% on Massive Q1 Profitability; Can the Momentum Outlast Custom Duty Rise? Shares of BlueStone Jewellery continued their strong rally, closing at ₹832 on the BSE after climbing another 7%. This movement extended the stock's winning streak to a third consecutive session and has driven gains totaling 36% over the past three days. The sharp buying momentum is directly linked to the company’s robust Q1 performance, marking a significant turnaround in its financial trajectory.Stellar Q1 Results Drive Profitability Surge for BlueStone Jewellery The jewellery retailer reported a net profit of ₹14 crore in the first quarter of FY27. This represents a drastic improvement compared to the corresponding period...

Insecticides (India) Ltd Announces Earnings Conference Call for Q1 FY27 Results Insecticides (India) Limited has scheduled an earnings conference call to discuss its Standalone and Consolidated Unaudited Financial results for the first quarter of Fiscal Year 2027. The company announced that the financial results, pertaining to the quarter ended June 30, 2026, will be released on August 11, 2026.The conference call is set for Tuesday, August 11, 2026, commencing at 05:00 PM IST.During the conference, Insecticides (India) Limited will be represented by its senior management team. Participants include Mr. Rajesh Kumar Aggarwal, Managing Director; Mr. Sandeep Kumar Aggarwal, Chief Financial Officer; Mr. Devendra Kumar Ray, Chief...

Sanofi India Announces CFO Stepping Down, Director Role Ceasing on September 30, 2026 Sanofi India Limited has announced that Mr. Rachid Ayari will be stepping down from his leadership roles within the company, effective September 30, 2026. The departure follows his transition to another role within the wider Sanofi group.Mr. Ayari is set to cease serving as the Whole Time Director and Chief Financial Officer (CFO) of Sanofi India Limited. Additionally, he will step down from roles including Key Managerial Personnel, Senior Management Personnel, and member of the Risk Management Committee. The changes are scheduled to take effect from the close of business hours on September 30, 2026.The Company stated that Mr. Ayari’s decision to...

Rachid Ayari Steps Down from Sanofi India as Whole Time Director and CFO Ahead of Transition Sanofi India Ltd has announced that Mr. Rachid Ayari, currently serving as a Whole Time Director and Chief Financial Officer (CFO), will be stepping down from his roles in the company. This change is effective from the close of business hours on September 30, 2026.Mr. Ayari’s cessation includes his positions as the Key Managerial Personnel, Senior Management Personnel, and a member of the Risk Management Committee. The decision comes as part of his transition to another role within the Sanofi group.The company expressed sincere appreciation for Mr. Ayari’s dedicated assistance and valuable contributions during his tenure with Sanofi India...

Veejay Lakshmi Engineering Works to Hold Board Meeting on August 13, 2026 Veejay Lakshmi Engineering Works Ltd. has scheduled its 23rd meeting of the Board of Directors to be held in Coimbatore. The meeting is set for Thursday, August 13, 2026.The primary focus of the board session will be the consideration and approval of the unaudited Financial Results of the company for the quarter ending June 30, 2026.In addition to reviewing the financial performance for the specified quarter, the meeting agenda includes discussion of any other regular corporate subjects that require review by the Board members.Stock Price Movement At 10:23, shares of Veejay Lakshmi Engineering Works Ltd. are climbing, trading at ₹38.99, which is up 3.83%...

Sensex Climbs Past 76,000 as Value Buying Triggers Reversal from Early Plunge Indices Trim Losses Amid Value Flow and Asian Rally Support The benchmark equity indices managed to trim significant early losses on Thursday following a move towards value buying at lower price levels. This recovery was supported by firm performing markets across Asia and a slight strengthening of the rupee.Earlier in the session, the Sensex had seen substantial downside pressure, sinking 410.83 points or 0.53 percent to trade at 76,344.67. Similarly, the broader Nifty declined by 120.05 points or 0.5 percent, reaching 23,876.20 before the recovery phase.By around 10:15 am, however, buying at discounted levels helped boost both indices. The Sensex had...

E2E Networks Rockets as Q1FY27 Earnings Validate India's AI Infrastructure Dominance The technology landscape in India is undergoing a massive structural shift, driven by the explosive demand for advanced computing and Artificial Intelligence (AI) infrastructure. E2E Networks has emerged as a critical beneficiary of this national digital transition, posting strong results that underscore its pivotal role in building the backbone of India's AI ecosystem. The company’s performance confirms that domestic players are strongly positioned to capture value in the burgeoning B2B tech services sector.Navigating the Rise of AI-Driven Digital Infrastructure E2E Networks' Q1FY27 results reflect robust demand cycles fueled by global and domestic...

Schaeffler India Posts Q2 FY27 Results; Revenue Reaches 26,814 mn INR and Profit Rises Schaeffler India Limited announced its performance for the second quarter of fiscal year 2026, reporting a revenue of 26,814 million INR. The company maintained strong double-digit growth momentum across key segments while noting that earnings quality was marginally impacted by increased costs linked to geopolitical developments.The results highlight sustained momentum in Automotive Technologies and Vehicle Lifetime Solutions. Revenue from operations showed robust performance across the business units. Automotive Technologies grew at 3.6% quarter over quarter (QoQ) and 33.3% year on year (YoY). Meanwhile, Vehicle Lifetime Solutions increased by...

Giants Plunge to 52-Week Lows! Monitor Key Stock Moves Amid Mixed Market Signals Market sentiment remains cautious as several stocks experience sharp price swings, while other specific sectors show strong technical momentum. On July 23, the market presented a mixed picture, with some names surging well above key moving averages and others slipping towards new one-year lows. This dichotomy highlights persistent selling pressure in certain segments despite pockets of resilience across the broader equity space.Momentum Stocks Rally Above Key Moving Averages Several select stocks demonstrated strong upward momentum, trading solidly above their short to medium term moving averages and confirming a positive near term trend. Prajay Engineers...

Dr Reddy's Slumps as Semaglutide Supply Disruptions and Margins Slash Analyst Estimates Shares of Dr Reddy's Laboratories declined significantly on July 22 after brokerages slashed their earnings forecasts amid weaker-than-expected quarterly results and critical supply chain disruptions involving semaglutide. The stock saw a sharp fall, trading up to 4.4% lower in early trading sessions.The company's Q1 performance reignited concerns regarding its core profitability despite growth in the branded business. Analysts are now pointing towards the timely restart of semaglutide supplies and the regulatory approval of biosimilar abatacept as crucial determinants for future recovery.Financial Performance Hits Estimates Amid Margin Pressure...

Zydus Lifesciences Receives Approval to Launch Phase III Trial of Desidustat for Sickle Cell Disease Zydus Lifesciences Limited has received permission to initiate a Phase III clinical trial of its drug, Desidustat, aimed at treating patients with sickle cell disease (SCD). The 203-day study will be conducted in collaboration with the Indian Council of Medical Research (ICMR) and is set to enroll 164 patients diagnosed with the condition.The Phase III trial is designed as a double blind, randomized, placebo controlled, parallel, multicentre study to assess the efficacy and safety of Desidustat oral tablets for treating anemia in SCD patients. This drug represents a potential first-in-class therapeutic option for managing sickle cell...

Individuals Acquire Shares in Lippi Systems Ltd through Open Market Transaction Guttikonda Rajasekha and Guttikonda Vara Lakshm have increased their stake in Lippi Systems Ltd through an open market acquisition of equity shares. The transactions pertain to the company listed on the BSE Limited exchange.The acquisition, which took place with an intimation date of July 20, 2026, involved both individuals acquiring a total of 1,63,135 shares, representing 2.33% of the total voting capital. During this period, Guttikonda Rajasekhar acquired 85,661 shares (1.22%), while Guttikonda Vara Lakshmi acquired 77,474 shares (1.11%).The individuals involved in the acquisition are non-promoters and Persons Acting in Concert.Acquisition Details...

Infollion Research Services Limited Appoints New Company Secretary and Compliance OfficerInfollion Research Services Limited has appointed Ms. Aastha Talwar as its new Company Secretary and Compliance Officer, effective July 23, 2026, following the resignation of Ms. Megha Rastogi from the post.The Board of Directors of Infollion conducted a meeting on July 23, 2026, during which it accepted and noted the resignation of Ms. Megha Rastogi from her role as Company Secretary and Compliance Officer.As part of the board decisions, the company appointed Ms. Aastha Talwar to fill the vacancy created by the departure. Ms. Talwar is an associate member of the Institute of Company Secretaries of India, holding Membership No. A79724. She has...