Markets

Dr Reddy's Plunges 9% After Weak Q1 Results as Global Supply Chain Woes Sink Profitability Shares of Dr Reddy's tanked significantly on Thursday, falling 9% to ₹1,080 on the BSE. This sharp decline followed the announcement of a weak first-quarter performance for the financial year 2027. The company reported dips in both profitability and revenue, leading to intensified bearish outlook from several major brokerages.Financial Performance and Core Business Challenges Dr Reddy's net profit stood at ₹443 crore, marking a severe 69% plunge during the quarter under review. Revenue from operations also saw a decline of 6%, reaching ₹8,071 crore compared to the same quarter last year.The company attributed part of its challenges to a...

Q1 Earnings Shock: Tanla Platforms Surges Up 13% as Pharma and PSU Stocks Reel Amid Mixed Results The stock market is facing a high-stakes day, driven by diverse quarterly earnings announcements, strategic corporate deals, and company-specific developments. Stock movements are volatile across sectors as investors react to dramatic performance swings, ranging from massive profit gains to steep net losses. These results highlight the varied fortunes of companies navigating the current business cycle.Tanla Platforms Drives Rally on Strong Q1 Performance Tanla Platforms witnessed a significant surge in its share price, jumping 13% after announcing robust first-quarter numbers. The company recorded a 20.1% increase in profit, reaching...

Frog Innovations Approves Director Reappointments and New Appointments at Annual General Meeting Members of Frog Innovations Limited have approved several key corporate decisions regarding their board structure and director compensation following the 22nd Annual General Meeting held on July 22, 2026. These resolutions cover the re-appointment of a retiring director, extending the tenure of an existing independent director, the appointment of a new independent director, and the revision of remuneration for a whole time director.During the general meeting, members approved the re-appointment of Mr. Satish Bhanu Trivedi (DIN: 02037127), who is liable to retire by rotation and offered himself for re-appointment as an Ordinary Resolution...

Motilal Oswal Financial Services’ Long-Term Credit Rating Upgraded by Crisil, Reflecting Business Resilience and Diversity Motilal Oswal Financial Services Ltd (MOFSL) has received a rating upgrade from Crisil Ratings, which elevated its long-term credit rating to ‘Crisil AA+/Stable’ from ‘Crisil AA/Positive’. This positive assessment extends across the company and several key subsidiaries, highlighting the group's stable financial discipline and diversification across capital market businesses.The upgraded ratings position MOFSL among the highest rated non-bank domestic capital market players, as acknowledged by the rating agency. The rating action covers MOFSL, Motilal Oswal Home Finance Limited (MOHFL), and Motilal Oswal Finvest...

CapitalSquare Financial Services Acquires Shares in M.R.Maniveni Foods Ltd, Boosting Stake to 11.76% CapitalSquare Financial Services Pvt Ltd has increased its holding in M.R.Maniveni Foods Ltd through open market operations, acquiring 408,000 equity shares of the company on July 21, 2026. This acquisition boosts CapitalSquare's stake in M.R.Maniveni Foods Ltd to 11.76%.The transaction details and resulting shareholding are detailed below:Acquisition OverviewMetricBefore AcquisitionAcquisition DetailsAfter AcquisitionTotal Voting Capital / Shares (A)1,894,000 shares (9.68%)Acquired: 408,000 Equity Shares (2.08%)2,302,000 shares (11.76%)Acquirer Stake9.68%—11.76%CapitalSquare Financial Services Pvt Ltd acquired the...

Century Extrusions Limited Announces 38th Annual General Meeting for FY2025-26 Century Extrusions Limited has scheduled its 38th Annual General Meeting (AGM) of its members, providing shareholders access to the Notice and Annual Report for the Financial Year 2025-26. The meeting is set to be held in August 2026.The AGM is scheduled for Friday, August 14, 2026, at 10:30 a.m. Members will be able to attend through Video Conferencing (VC) facility or Other Audio Visual Means (OAVM).Accessing Annual Report and Meeting Notice For shareholders who have not registered their email address with the Company or its Registrar & Transfer Agent (RTA), Century Extrusions Limited has provided specific web links where the complete details of the...

Medplus Health Services Reports Suspension of Drug Licenses for Subsidiary StoresOptival Health Solutions Private Limited, a subsidiary of Medplus Health Services Limited, has faced multiple instances of drug license suspension orders for its stores across Karnataka. These actions relate to violations committed under Rule 65 of the Drugs and Cosmetics Act, 1940 and associated Rules, 1945.The incidents resulted in various suspensions across three different locations within Karnataka, with a collective potential revenue loss noted by the company. The orders were received on July 21, 2026.Details of the license suspension actions are provided below:Authority NameLocation/CircleSuspension DurationPotential Revenue LossAssistant...

CME Shares Surge Over 6% After Stellar Q2 Beat, Driven by Robust Hedging Demand CME Group shares jumped over 6.1% on Wednesday following the announcement of better-than-expected second-quarter earnings. The global derivatives exchange reported adjusted earnings of $2.99 per share, successfully topping analysts’ consensus estimate of $2.91 per share, according to LSEG data cited by Reuters.The strong performance came despite the company noting softer trading volumes in specific asset classes during the quarter. CME's results indicate resilient hedging demand across markets, helping cushion the stock against prior concerns over competitive challenges.Q2 Earnings Details and Performance Breakdown The earnings figure also surpassed the...

Inox Green Energy Services Approves Up To Rs 600 Crore Fund Raising via Board Resolution Inox Green Energy Services Limited, which was previously known as Inox Wind Infrastructure Services Ltd., announced that its Board of Directors has approved a significant fundraising initiative. The resolution aims to raise funds aggregating up to Rs 600 Crore through various financial instruments and methods.The approval encompasses the authorization to raise capital in three defined tiers: a base issue size of up to Rs 400 Crore, supplemented by a green shoe option valued at up to Rs 200 Crore. The company’s Board has granted its absolute discretion to determine appropriate terms and conditions for this fund raise while ensuring compliance with...

Hindustan Petroleum Corporation Limited Posts Q1 Results; Revenue Reaches 1,45,126 Crore Hindustan Petroleum Corporation Limited (HPCL) reported its unaudited financial results for the quarter ending June 30, 2026. The company's revenue from operations stood at 1,45,126 Rs. Crore, while the operating performance saw several notable figures across refineries and marketing segments.Key financial metrics for Hindustan Petroleum Corporation Limited during the Q1 2026-27 quarter are summarized below:MetricValue (Rs. Crore)Revenue from Operations1,45,126EBITDA(14,860)PBT(17,446)PAT(11,526)Debt Level72,597GRM - Before Export Cess (US$/bbl)23.80The company recorded an Exchange Fluctuation Gain/(Loss) of (15) Rs...

BikeWo Green Tech Unveils Ambitious Long-Term Plan to Build Full-Stack Mobility and Logistics Platform BikeWo Green Tech Limited has announced a comprehensive long-term strategy aimed at developing a full-stack mobility and logistics platform. The company plans to integrate electric mobility, fleet operations, logistics infrastructure, technology, and renewable energy into a unified operating model designed for the rapidly evolving Indian market.The strategic roadmap was outlined during the Company's Extraordinary General Meeting (EGM), which saw shareholders approve the proposed warrant issue. BikeWo aims to position itself as an integrated platform within India’s growing mobility and logistics ecosystem, recognizing that the...

Shoppers Stop Reports Q1 FY2026 Unaudited Financial Results; Net Loss Recorded Shoppers Stop Limited has released its un-audited financial results for the quarter ending June 30, 2026. The company reported a net loss in both its standalone and consolidated statements.The full financial results have been reviewed by the statutory auditors.Quarterly Performance Snapshot (Q1 FY2026) For the quarter ended June 30, 2026, Shoppers Stop Limited registered revenue from operations of 1,185.38 Crores in its standalone segment. Total income stood at 1,190.50 Crores against total expenses of 1,212.75 Crores. The company recorded a net profit loss of (16.71) Crores for the period.The consolidated results showed revenue from operations reaching...

Sensex Plummets as Oil Prices Surge Past $96 Amid Heightened Iran-US Tensions The Indian stock market extended its downward trend for the fourth consecutive session, with major indices sinking amid heightened geopolitical tensions between the US and Iran. The decline was heavily influenced by soaring crude oil prices following a reported escalation of military strikes.Sensex closed at 76,515, declining approximately 240 points. Nifty 50 fell more than 91 points to settle at 23,905. Broader market indices also saw losses, with Nifty Midcap 100 and Nifty Smallcap 100 indices falling up to 0.3%.Stock Markets Rally Down Amid Escalating Geopolitical Crisis The day's bearish sentiment was pervasive across the board. Out of all sectoral...

Demuric Holdings Acquires Stake in UPL Following Internal Amalgamation Demuric Holdings Private Limited has increased its stake in UPL Limited through a transaction that involved the acquisition of shares held by one of its subsidiaries, Nerka Chemicals Private Limited. The move resulted in a consolidation of the shareholding within the promoter group, transforming an indirect holding into a direct holding.The acquisition saw Demuric Holdings acquire 18,07,64,622 equity shares of UPL Limited. This transaction brought Demuric’s total stake in UPL to approximately 22.03% of its paid-up equity share capital.The acquisition was effected pursuant to a Scheme of Amalgamation filed under the Companies Act, 2013. As part of this...

ALUWIND INFRA-TECH LIMITED Authorizes Key Management Personnel (KMP) ALUWIND INFRA-TECH LIMITED, formerly Aluwind Architectural Limited, has formalized the designation of several key managerial personnel following a decision by its Board of Directors. These KMPs have been authorized to determine the materiality of company events and information, as well as for disclosure purposes.The authorizations are effective from July 22, 2026.ALUWIND INFRA-TECH LIMITED has appointed various senior management professionals who play critical roles in corporate governance and financial reporting. The authorized KMPs include:Name of KMPDesignationMr. Murli Manohar KabraManaging DirectorMr. Rajesh KabraWhole Time DirectorMr. Jagmohan...

Geojit Financial Services Announces Key Management Changes and Approves Promoter Group Reclassification Geojit Financial Services Limited finalized several significant corporate updates during a recent Board meeting, announcing key leadership transitions, confirming board appointments, and approving the reclassification of certain members from the Promoter Group category to the Public category.Leadership Transitions and AppointmentsThe company confirmed changes in its senior management structure set to take effect on October 1, 2026. Mr. C J George, who currently holds the position of Chairman and Managing Director, will cease his role as Managing Director but will continue serving as Executive Chairman following a succession plan...

Sumeet Industries Limited Approves Allotment of Equity Shares Following Rights Issue Sumeet Industries Limited announced the approval of a significant allotment following its recent Rights Issue. The company’s Board of Directors, at a meeting held on July 22, 2026, approved the allocation of new equity shares as part of the rights offering to the public.The Board decision covered the allotment of 168,42,421 Rights Equity Shares. These shares were issued for cash at a price of Rs. 11.86 per Equity Share and carried a Face Value of Rs. 2/- each. The company’s rights issue followed the terms set out in the Letter of Offer dated June 08, 2026.The successful allotment has resulted in an increase in the paid-up equity share capital of...

Adani Power Reports Strong Q1 FY27 Results, Driven by Rising Demand and Operational Excellence Adani Power Limited (APL) has reported a significant performance turnaround in its first quarter of financial year 2027 (Q1 FY27), demonstrating robust profitability and operational stability. The company reported strong growth in revenue and earnings, attributing the improvement to higher dispatch volumes and favorable market realizations amid a revival in power demand across key states.The results highlight APL's consistent commitment to operational excellence and controlled financial management, leading to substantial gains in EBITDA and Profit After Tax (PAT).Operational Strength and Market Position APL is recognized as one of India's...

Sanathan Textiles Set to Double Technical Yarn Capacity in Silvassa Facility Sanathan Textiles Limited is progressing toward a major expansion of its specialized yarn manufacturing capabilities, with plans in place to double the capacity of its Technical Textiles unit at the Silvassa facility. The expansion, which involves increasing capacity from 9,000 MTPA to 18,000 MTPA, is currently in its final execution phase and aims for commercial commissioning in August 2026.Civil construction work has been completed at the facility, and the required plant and machinery for the expanded segment have been installed. The increase in capacity is positioned to support the company's integrated manufacturing platform and enhance its ability to meet...

Enterprise Tech Spending Set for Resurgence as IBM Cites Unwavering Long-Term Demand for AI Enterprise technology spending across the Asia-Pacific (APAC) region is expected to experience volatility in the near term, even as demand for Artificial Intelligence (AI) shows no sign of diminishing. This outlook was shared by IBM Asia Pacific general manager Hans Dekkers, who noted that businesses are currently recalibrating their investment priorities following recent shifts in the tech landscape.Dekkers stated that infrastructure and technology spending remain "very volatile," destined to go up and down. However, he reaffirmed a critical trend: there will be continuity in technology consumption. Where the world is moving with AI, increased...