Markets

MOIL Ltd Reports Provisional Production and Sales of Manganese Ore for Q1 FY2026-27 MOIL Limited has released provisional data detailing the production and sales figures for its manganese ore during the first quarter of the financial year 2026-27, covering the period up to April-June 2026.The provisional results provide a comparison of operational metrics between Q1 FY2025-26 and Q1 FY2026-27. The data includes details on production in Lakh Metric Tonnes (MT) as well as sales figures for the specified quarter.Key performance indicators are summarized below:MetricApril-June 2026 (Lakh MT)April-June 2025 (Lakh MT)Production of Manganese Ore5.085.02Sales of Manganese Ore3.683.56The figures represent the provisional...

CPSE Capex Jumps 26% Amid Steady Economic Activity; E-Way Bill Growth Hits Four-Month Peak Domestic Resilience: CPSE Investment Spurs Growth India’s economic momentum remains robust, driven significantly by capital expenditure in public sector enterprises. Capital spending by 63 Central Public Sector Enterprises (CPSEs) surged by 26% year-on-year, reaching Rs 2.10 trillion in the first quarter of FY27. This impressive spend accounts for approximately 25% of their annual capex target, signaling strong corporate investment activity within key sectors.Economic activity also showed steady improvement across various fronts. E-way bill generation accelerated by 14.5% year-on-year during June. This rate represents the fastest growth observed...

Trio Mercantile & Trading Ltd to Hold Board Meeting to Approve Q1 Results; Trading Window Closed for Insiders Trio Mercantile & Trading Ltd has announced plans to convene a Board Meeting to review and approve the Unaudited Financial Results for the quarter that ended on June 30, 2026. The meeting is scheduled for July 14, 2026.The company confirmed details regarding its trading window status in relation to this corporate governance event. For the security of the firm and compliance with insider trading protocols, the designated trading window for all Directors, officers, and specified employees has been closed. This restriction period runs from July 1, 2026, until July 16, 2026.The Board Meeting is intended to consider and formally...

GCM Capital Advisors Confirms No Non-Convertible Securities Obligations for Quarter Ended June 30, 2026 GCM Capital Advisors Ltd has confirmed that it had not issued any non-convertible securities during the quarter ended on June 30, 2026. Consequently, the company reports no applicability regarding the payment of interest or principal obligations related to Non-Convertible Deposits (NCDs) and Bonds for the specified period.The company has submitted a nil report confirming that it holds no such payment obligations for non-convertible securities for the quarter ending June 30, 2026. This means that neither the certificate regarding interest/dividend/principal payments nor details of unpaid obligations were required under Regulation...

Teja Engineering Stock Bursts onto Market, Smashes Listing Premium on SME Debut Amid Strong Investor Interest Teja Engineering Industries made a commanding debut on the NSE SME platform, achieving a blockbuster listing. The company's shares launched at a significant premium of 90 percent over its initial issue price. This strong market response highlights investor confidence in the industrial sector.The stock opened at Rs 418 per share against the IPO issue price of Rs 220 per share. Following this successful listing, Teja Engineering Industries recorded a market capitalization of Rs 268.24 crore. The debut cemented its status as a key player in specialized engineering services.Strong Investor Demand Drives Listing Success The SME...

Shipyard Stocks Plummet: Cochin Shipyard Shares Fall Amid Govt's Plan to Sell Up To 5% Stake Cochin Shipyard Ltd (CSL) shares took a significant dip today after the government announced plans to sell up to 5% of its stake in the defense public sector undertaking. This announcement prompted investors to react negatively, leading to a decline in share prices as the Offer for Sale (OFS) is set to begin soon.CSL Stock Plummets Following OFS Announcement Cochin Shipyard shares were trading down sharply on July 7. At 9:55 am, the stock was reportedly trading 4% lower at ₹1,441.9 apiece. The sale of stake is part of a broader government initiative to monetize public sector assets and raise funds.The Offer for Sale (OFS) will see non-retail...

Kalyan Jewellers Shares Plunge 8% Despite Robust Quarterly Growth Amid Rival Comparison The shares of Kalyan Jewellers experienced a sharp decline on Tuesday, falling nearly 8 percent. This stock movement came despite the company reporting a strong business update for its Apri-June quarter. Investors appear disappointed by the result as the retailer's growth lagged behind that of larger competitor Titan and against high industry expectations for the jewelry sector.Stock Performance Tanks Despite Operational Success Kalyan Jewellers stock shed significant value in morning trading, dipping by as much as 7.8 percent. The stock price fell to Rs 351.55 during the market session. This slump means that the company's total losses for 2026...

Titan Soars as Retail Sector sees Mixed Signals; Corporate Mergers Drive Gains for Pharma Stocks Shares of key companies are set to remain in sharp focus on July 7, driven by diverse developments ranging from strong corporate acquisitions and major contract wins to varied quarterly business updates across the retail sector. While some luxury brands celebrate robust growth, others face stock pressure despite excellent operational performance.Titan's Massive Surge as International Business Surges Titan experienced a significant rally, adding 2 percent after announcing healthy segmental growth during the June quarter. The company saw its domestic business expand by 37 percent year-on-year. Furthermore, Titan’s international business...

South West Pinnacle secures Rs 166.82 Crore CBM Production Contract Extension from Reliance Industries South West Pinnacle Exploration Limited (SWPE), an integrated service provider specializing in drilling and exploration for various natural resources, has been awarded an extension of contract by Reliance Industries Ltd (RIL). The contract pertains to the production of Multi-Lateral hole drilling for Coal Bed Methane (CBM) in Madhya Pradesh and is valued at over Rs 166.82 Crore with a tentative duration of 15 months.The award marks significant growth for SWPE, which has successfully completed two prior projects for RIL within the same domain. With this contract win, the company’s order book has crossed the Rs 760 Crore mark...

Steel Exchange India Repays ₹16 Crore, Pushing Cumulative Debt Reduction to ₹102 Crore Steel Exchange India Limited (SEIL), a prominent integrated steel manufacturer in South India and a trusted provider of 'SIMHADRI TMT' rebars, has announced a significant milestone in its financial optimization strategy. The company has paid an additional ₹16 crore towards outstanding Term Loan facilities, accelerating its journey toward deleveraging.The latest strategic liquidity deployment comes following earlier successes in debt clearance, including the redemption of Non-Convertible Debentures (NCDs) totaling ₹43.19 crore and prior term loan repayments that had previously contributed to a reduction of ₹86 crore. With this recent payment, Steel...

Info Edge Posts Quarterly Updates for Q1 FY27, Showing Segmental Performance Details Info Edge (India) Limited has released its unaudited quarterly update for the period ending June 30, 2026. The results detail the company's standalone billings and segment-wise performance metrics compared to the corresponding quarter in the previous year.The consolidated standings show an increase in standalone billings during the quarter ended June 30, 2026.MetricQuarter ended June 30, 2026 (Rs in Crore)Quarter ended June 30, 2025 (Rs in Crore)Standalone Billings737.0644.2The company provided a detailed breakdown of the billings across its business segments for both quarters. These unaudited figures are subject to review and approval by...

State vs Center: Karnataka’s Gig Worker Act Forces Giant Platforms into Landmark Legal Battle For years, India's burgeoning gig economy operated largely in a regulatory vacuum. Millions of platform workers, spanning delivery partners to ride-hailing drivers, powered the consumer internet boom while lacking formal social security protections afforded to traditional employees. The central government attempted to address this through the Code on Social Security, 2020, but implementation remains fragmented across various sectors.Karnataka chose a proactive approach, introducing the Platform-Based Gig Workers (Social Security and Welfare) Act of 2025. This law represents India’s first comprehensive state legislation governing platform...

South West Pinnacle Shares Surge as Company Secures Rs 167 Crore CBM Contract Extension from Reliance Industries Shares of South West Pinnacle Exploration have shown strong momentum in early trading following the announcement that the company secured a significant contract extension. The deal involves supplying coal bed methane (CBM) production services to Reliance Industries Ltd (RIL).The news sent a positive ripple through the market for the exploration firm. In early morning trade on July 7, South West Pinnacle shares were climbing robustly in response to the development.Stock Performance After Contract Win At 09:33 am, the stock was quoting at Rs 224.30 on the BSE. This price represented a gain of Rs 5.75 or 2.63 percent for the...

Rupee Opens Higher Amid Softer Dollar But Traded Cautiously as Markets Await US Fed Meeting INR Movement and Trading Landscape The Indian rupee opened up seven paise at Rs 95.33 per dollar on July 7, mirroring a trend seen across other Asian currencies. The move is attributed to a softer international dollar.This slight recovery followed periods of weakness, as the rupee had previously dipped as much as Rs 95.48 per dollar on Monday before partially regaining ground. Despite global factors offering support, traders remain cautious and are waiting for clear triggers before establishing firm positions in the currency.Global Sentiment and Market Opportunities Both softening oil prices globally and a softer dollar have provided a boost...

Cult.Fit Files Mega IPO Papers to Raise Up To ₹950 Crore Amid Robust Fitness Market Expansion The booming Indian fitness and active lifestyle sector received significant news as Cult.Fit filed preliminary IPO documents with the Securities and Exchange Board of India (SEBI). The filings aim to raise up to Rs 950 crore through a combination of fresh equity issuance and an offer-for-sale by existing shareholders.Cult.Fit, backed by major global investors including Temasek and Accel, is preparing for a public listing that signals confidence in its rapidly scaling business model across the country. The move comes as the company continues to demonstrate strong operational scale through its extensive network of centers and large membership...

Premier Energies Secures Orders Worth ₹3,011 Crore in Q1 FY 2027, Reflecting Strong Market Confidence Premier Energies Limited announced that it has secured orders totaling ₹3,011 crore during the April-June quarter. These contracts involve supplying a total of 1,846 MW of solar cells and modules, with deliveries scheduled across fiscal years (FY) 2027 and FY 2028.The confirmed business comes from a diverse range of clients, including leading power producers, module manufacturers, EPC companies, and other customers, signaling strong faith in the company’s manufacturing capabilities, product quality, and execution track record.Commitment to Growth and Expansion This significant order inflow strongly supports Premier Energies'...

Trent Stock Plummets More Than 9% as Q1 Results Miss Expectations Amid Valuation Concerns Market Turmoil Grips Retail Sector After Disappointing Quarter Update Shares of the Tata Group retailer, Trent, plummeted in early trade on Tuesday after its June quarter business update fell short of market expectations. The stock saw a significant drop, reflecting heightened cautiousness from brokerages despite the ongoing expansion of its retail store network. This news prompted considerable turbulence across the segment as investors reassessed the growth trajectory against rich valuations.Trent Registers 19% Revenue Growth for the June Quarter The stock dropped sharply, hitting a low of 9.2 percent to Rs 3,036.50 in early trading. This...

Karamtara Engineering Secures Rs 75 Crore from Amara Partners, Validating Rs 10,400 Crore Valuation Ahead of IPO Private Placement Fuels Pre-IPO Momentum for Solar Component Maker Mumbai-based Karamtara Engineering has secured a significant pre-IPO investment of Rs 75 crore. The funding round was led by Parag Shah-founded Amara Partners Growth Fund - I. This capital infusion comes as the company prepares for its larger initial public offering (IPO).The private placement involved the allotment of 24.19 lakh compulsorily convertible preference shares (CCPS) to Amara Partners. The transaction was executed on June 15, and the company allotted the CCPS to Amara Partners Growth Fund - I on June 6, following necessary board and shareholder...

South West Pinnacle Exploration Receives Contract Extension from Reliance Industries Ltd. Worth INR 166.82 Crore South West Pinnacle Exploration Limited (SWPE) has secured an extension of contract from M/s Reliance Industries Ltd. (RIL) for providing CBM Production services in the state of Madhya Pradesh.The aggregate value of the extended contract, including GST, is approximately INR 166.82 Crore.The awarded work is anticipated to begin generating revenue starting in the second quarter of FY 2026-27. SWPE confirmed that it is fully prepared for the execution of this contract, noting that all necessary machines, equipment, trained manpower, and other resources are currently available, requiring no deployment of additional assets...

Mayank Cattle Food Ltd Announces 1:1 Bonus Issue and Increases Authorized Share Capital Mayank Cattle Food Ltd announced two major corporate actions following a Board meeting held on July 7, 2026. The company approved the issuance of bonus equity shares at a ratio of 1:1 and authorized an increase in its capital structure.The decision to issue bonus equity shares was made by the Board of Directors and is subject to approval by the members of the Company. Under the proposal, one bonus equity share of face value Rs. 10/- each will be issued for every fully paid-up equity share of face value Rs. 10/- held by its members as on the record date.The issue proposes capitalizing a total amount not exceeding Rs. 5,40,00,000/- from the...