Markets

Himadri Speciality Stock Surges to 52-Week Peak as Profits Leap Amid Rs 240 Crore Mega Capex Plans Himadri Speciality Chemical shares reached a 52-week high on Monday, climbing by up to 6.11% before paring gains. The stock traded at ₹771.25 at the time of writing, with investors reacting strongly to the company's strong Q1 results and ambitious future investments.The rally was fueled by the announcement of a significant capital expenditure plan amounting to approximately Rs 240 crore across two major speciality materials projects. This move signals Himadri’s commitment to expanding into high-growth, advanced material markets.Stellar Quarterly Results Drive Stock Ascent Himadri reported robust financial performance for the quarter...

Tata Power Secures Landmark 324 MW Pumped Hydro Deal from SECI, Bolstering India's Energy Storage Future Tata Power has achieved a significant milestone in the push for sustainable energy integration. The company announced on Monday that it has been awarded a Letter of Award (LoA) by the Solar Energy Corporation of India Ltd (SECI). This deal secures Tata Power's role as a major provider of long-duration power storage within the country.The LoA pertains to the supply of 324 MW of power, drawn from Tata Power’s 1,000 MW Pumped Hydro Storage Project (PSP) located in Bhivpuri, Maharashtra. This strategic contract underscores the growing demand for reliable, dispatchable green energy sources.PSP Project Details and Contractual Framework...

Schneider Electric President Systems Clarifies Volume Movement in Securities Schneider Electric President Systems Limited has stated that it is unaware of any event or information that could bear on the significant movement in the volume of its securities, responding to inquiries regarding increased trading activity.The Company confirmed that there are no material events or information requiring disclosure that remain undisclosed concerning the recent increase in the volume of Schneider Electric President Systems Limited's securities.In addressing concerns about the high-volume movement of its stock, the company affirmed that it is not aware of any development which would necessitate a disclosure under listing regulations related to...

ASI Industries Acquires Equity Shares of Lloyds Engineering Works for Investment ASI Industries Limited has acquired equity shares of Lloyds Engineering Works Ltd, with the purchase intended purely for investment purposes and without any intent to gain control over the target entity's management.The acquisition was completed on July 17, 2026. The transaction involved a cash consideration, amounting to Rs. 5.27 Crores. ASI Industries Limited acquired 6,05,291 shares, representing 0.041% of the target company’s total shareholding.The acquisition is classified as an arm's length transaction and does not fall under a Related Party Transaction for the acquiring entity. The primary purpose of the purchase by ASI Industries Limited is to...

D. P. Abhushan Ltd Targets Gujarat Market with New Showroom Opening in Dahod D. P. Abhushan Limited has announced a strategic move into the retail market of Gujarat, confirming plans to open a new company-owned jewellery showroom in Dahod, Gujarat. This expansion is set as part of the Company's broader retail growth strategy.The proposed establishment marks D. P. Abhushan Ltd.'s first direct retail presence within the state of Gujarat. The showroom will be located at Ambika Society in Dahod and will be wholly owned and operated by the company.Anticipating a significant enhancement to its regional reach, the new facility is designed to offer the Company's comprehensive range of jewellery products. By entering the Gujarati market, D...

Rajesh Gheesulal Kothari Acquires 10,000 Shares in Utssav CZ Gold Jewels LimitedMr. Rajesh Gheesulal Kothari has acquired a stake in Utssav CZ Gold Jewels Limited through the transmission of shares from Late Mrs. Manjula Gheesulal Kothari, who was also a member of the Promoter Group of the company. The transaction involves 10,000 Equity Shares of the Target Company (TC), each valued at Rs. 10/-.The acquisition was executed by way of transfer and transmission from Late Mrs. Manjula Gheesulal Kothari. This transaction resulted in Mr. Rajesh Gheesulal Kothari holding 10,000 shares, representing 0.04% of the total share capital of Utssav CZ Gold Jewels Limited (TC).The details of the change in shareholding are as follows...

IRCTC Announces Change in Board Composition: Sanjay Kumar Jain Steps Down as Chairman and MD Indian Railway Catering and Tourism Corporation Ltd (irctc) has announced a change in its senior leadership following developments on July 20, 2026. The company confirmed that Shri Sanjay Kumar Jain ceases to hold the post of Chairman and Managing Director and Key Managerial Personnel effective immediately.In line with this organizational transition, the board has appointed Shri Rahul Himalayan, who serves as a Director (Tourism & Marketing), to assume additional charges. Effective July 20, 2026, Shri Himalayan will take over the duties of Chairman and Managing Director of Indian Railway Catering and Tourism Corporation Ltd in addition to his...

Mahindra Logistics Reports Q1 Financial Results: Revenue Reaches 2,012.71 Crore; Net Profit Stands at 27.83 Crore Mahindra Logistics Limited has announced its Unaudited Consolidated and Standalone Financial Results for the first quarter ended June 30, 2026. The results highlight strong operational performance across both consolidated and standalone entities, with Total Income reaching 2,012.71 crore in the consolidated view.The company's Consolidated Financial Results show that total income stood at 2,012.71 crore for the quarter ended June 30, 2026. This figure is compared to a total income of 1,795.27 crore for the quarter ending March 31, 2026, and 1,629.66 crore for the quarter ended June 30, 2025.Consolidated results indicate...

German Bond Yields Surge as Oil Prices Rocket Amid Iran Tensions, Fueling Major ECB Rate Hike Bets German government bond yields climbed sharply on Monday after rising oil prices strengthened market expectations of continued monetary tightening by the European Central Bank (ECB). The heightened global tensions involving the United States and Iran have created significant volatility, leading to a renewed focus on inflationary pressures across the euro zone.The two-year German government bond yield rose 2 basis points to 2.79%. This move follows prior trading where it had briefly touched 2.8174%, marking its highest level since July 2024. The sensitivity of these short-dated bonds to interest rate expectations is now driving significant...

D. P. Abhushan Limited to Open New Jewellery Showroom in Jabalpur via FOCO Model D. P. Abhushan Limited has approved the opening of a new jewellery showroom in Jabalpur, Madhya Pradesh, representing a significant step in its retail expansion strategy through the Franchisee Owned Company Operated (FOCO) model.The proposed facility is designed to serve as a major milestone for the company's growth. The showroom will feature an approximate retail area of 3,750 square feet.The adoption of the franchisee model allows D. P. Abhushan Limited to facilitate expansion into new markets using an asset-light approach. This strategic move is expected to strengthen the brand presence and enhance customer outreach across new territories.The...

Decorous Investment & Trading Co. Ltd. Board Approves Key Appointments and Sets Calendar for 43rd AGM Decorous Investment & Trading Co. Ltd. held a meeting of its Audit Committee and Board of Directors on July 20, 2026. The board reviewed several operational updates, approved material resolutions, and announced the calendar of events leading up to the company's 43rd Annual General Meeting (AGM).The company released the Un-Audited Financial Results for the quarter ended June 30, 2026, along with a Limited Review Report from its Statutory Auditors. In addition, the board announced that the trading window for all insiders would remain closed from July 1, 2026, to July 30, 2026.Board Decisions and Corporate Appointments The Board of...

HCLTech Named Customers' Choice for Outsourced Digital Workplace Services in 2026 HCLTech, a major global technology firm, has been recognized as a Customers' Choice in the 2026 Gartner Peer Insights™ Voice of the Customer report for its Outsourced Digital Workplace Services. This achievement marks the third consecutive year that HCLTech has received this distinction in the service category.The recognition is based on strong customer sentiment and performance metrics. As of February 28, 2026, HCLTech secured a 97% willingness-to-recommend score, which was derived from 42 verified customer reviews. Customers provided detailed feedback across critical areas of engagement, highlighting the company’s consistent delivery capabilities.The...

Akiko Global Services Limited reports robust Q2 turnover, showing significant growth in June 2026 Akiko Global Services Limited has announced its estimated consolidated turnover performance for June 2026 and the period from April to June 2026. The company’s results highlight substantial year-over-year growth across both the monthly and quarterly periods, with figures presented in Crores (Cr.).The reported data shows a strong upward trend for Akiko Global Services Limited. For the month of June 2026, the estimated turnover stood at 24.37 Cr., marking an impressive 160% growth compared to June 2025. During the quarter spanning April through June 2026, the company reported a consolidated turnover of 68.12 Cr. This quarterly performance...

Aadhar Housing Finance Allocates 35,000 NCDs in Private Placement Worthing INR 350 Crore Aadhar Housing Finance Ltd has completed the allotment of Senior Secured Rated Listed Redeemable Non-Convertible Debentures (NCDs) worth INR 350 crore through a private placement. The allocation, which took place on July 20, 2026, includes 35,000 debentures.The NCDs have a face value of INR 1,00,000 per debenture and were issued entirely on a private placement basis. This issuance provides the company with debt financing structured for a tenure spanning nearly five years.Key terms and conditions relating to this security issue include:ParticularsDetailsType of SecuritySenior Secured Rated Redeemable Listed Non-Convertible Debentures...

El Forge Ltd Holds 90th Annual General Meeting; Adopts Financial Statements and Approves Key Appointments El Forge Limited held its 90th Annual General Meeting (AGM) on Monday, July 20, 2026. The AGM was conducted at the company's registered office in Sriperumbudur to transact various businesses as specified in the notice.The meeting commenced with a quorum being established, and the Chairman addressed the members present, along with the Board of Directors, Key Managerial Personnel (KMP), Auditors, and other invitees.Financial Review and Auditor's Report A key aspect of the AGM involved the review of the Audited Financial Statements for the financial year ended March 31, 2026. The Chairman informed members that the Auditor's Report...

Naturewings Holidays Ltd to Hold Board Meeting on July 27, 2026, to Consider Final Dividend for FY25-26 Naturewings Holidays Ltd has scheduled a meeting of its Board of Directors to consider critical matters related to shareholder benefits and company operations. The board meeting is set for Monday, July 27, 2026.The meeting is slated to be held at the company's registered office or through audio visual means or video conferencing.Among the key business items on the agenda is considering the recommendation of a final dividend for shareholders pertaining to the financial year 2025-26. The Board will also have the opportunity to discuss any other business with the permission of the chairperson.The company has restricted the trading...

Decorous Investment Reports Q1 Financials; Total Comprehensive Income Stands at Rs 197.68 Lakh Loss Decorous Investment & Trading Co Ltd has released its Statement of Profit and Loss for the quarter ended June 30, 2026. The company reported a loss in total comprehensive income during the three-month period.The financial results show various aspects of operations over three periods: the current quarter (Q1 FY27), the preceding quarter (Q4 FY26), and the corresponding quarter of the previous fiscal year.Total Revenue for the current quarter, ended June 30, 2026, was Rs 136.07 Lakhs, comprising revenue from operations at Rs 0.00 Lakhs and other income/receipts at Rs 136.07 Lakhs. Compared to the corresponding quarter of the previous...

Kajaria Ceramics Announces Post-Buyback Details: 21,50,000 Shares Acquired Kajaria Ceramics Limited has provided details following its equity share buyback, confirming the acquisition of 21,50,000 shares for a total amount of Rs. 296.70 Crores. The company completed the buyback process, which ran from July 3, 2026, to July 9, 2026, through a tender offer mechanism.The total investment utilized in the buyback amounted to Rs. 296.70 Crores (Rupees Two Hundred Ninety-Six Crores and Seventy Lacs Only), exclusive of transaction costs. These shares were acquired at a price of Rs. 1,380/- (Rupees One Thousand Three Hundred and Eighty Only) per Equity Share.Details regarding the response to the buyback tender offer are provided below...

Global Markets React: Europe Stocks Edge Lower Amid Oil Surge, Inflation Fears Mount Ahead of ECB Meeting European equities experienced a muted session on Monday, with shares dipping as escalating geopolitical tensions prompted a sharp rise in oil prices. The market sentiment remains cautious ahead of crucial corporate earnings reports and the forthcoming policy meeting of the European Central Bank (ECB).Geopolitical Tensions Fuel Oil Price Surge The pan-European STOXX 600 index registered a decline of 0.2%, settling at 640.45 points by 0703 GMT. The dip followed reports indicating that the U.S. military campaign against Iran had entered its ninth consecutive day, heightening concerns regarding global energy stability.Brent crude...

PNB Shares Surge Up 5% as Q1 Net Profit Jumps Over Three-Fold, Brokerages Pinpoint Major Upside PNB shares saw a strong rally on Monday, climbing more than 5 percent in intra-day trade following the state-owned lender's release of its June quarter earnings. The stock surged to Rs 111.68 on the NSE during one session before stabilizing at Rs 109.64 (up 3.66 per cent) later in the day.This positive movement was fueled by a sharp increase in standalone net profit, which reportedly rose over three-fold compared to the corresponding period of the previous financial year. Brokerages have also reacted positively, setting high growth targets for the bank.Financial Highlights and Profit Drivers PNB reported a substantial standalone net...