Markets

Warren Tea Ltd Reschedules Annual General Meeting for Fiscal Year 2026 Warren Tea Ltd has announced the rescheduling of its 49th Annual General Meeting (AGM) for the financial year ended March 31, 2026. The decision was finalized by the Board of Directors during a meeting held on July 17, 2026.The meeting was originally slated to take place on Wednesday, September 16, 2026, at 12:30 PM (IST). Following the board's decision, the AGM has been rescheduled to Monday, September 14, 2026, at 12:30 PM (IST). The proceedings will be conducted through video conferencing or other audio-visual means (VC/OAVM).In conjunction with the revised meeting date, the company has also adjusted the cut-off date for determining members eligible for...

Mantra Capital Ltd Announces Q1 FY2026-27 Financial Results and Corporate Actions Mantra Capital Limited (formerly known as Savani Financials Limited) has announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved the results during their meeting held on July 17, 2026.The company reported a net loss of Rs. 395.70 lakhs for the quarter ended June 30, 2026. Total revenue from operations stood at Rs. 583.85 lakhs, while total expenses amounted to Rs. 976.53 lakhs. The earnings per equity share (basic) were reported at a loss of Rs. 1.20.Strategic Corporate Actions and Share Allotments The Board has approved several significant corporate actions, which are subject to shareholder...

Federal Bank Shares Surge 5% as Net Profit Rockets 37% Amid Robust Asset Quality Improvement Federal Bank Ltd. shares witnessed a significant breakout on Friday, gaining nearly 5 percent following the release of its financial results for the quarter ended June 2026. The private lender reported a robust growth trajectory powered by a substantial rise in net interest income and a strategic reduction in provisioning requirements.The stock traded at approximately Rs 341.5 on the NSE, marking a sharp climb from its previous close of Rs 326.6. This upward momentum reflects investor confidence in the bank's fundamental operational strength despite profit figures landing marginally below consensus expectations.Strong Profit Growth and Net...

Sensex, Nifty Ease Gains as Profit Booking and Volatility Spike Dampen Market Momentum The Indian benchmark indices faced a cooling period on July 17 as markets witnessed a notable paring of gains. While the primary trend remained positive, the Sensex retreated over 200 points from its intraday high as investors chose to secure profits at elevated levels.At 2:30 pm, the Sensex stood at 78,027.20, up 840.33 points or 1.09%. The Nifty remained steady at 24,292.55, marking a gain of 219.80 points or 0.91%.The broader market activity showed a leaning toward selling pressure, with 2,363 shares declining against 1,430 advances. A total of 159 shares remained unchanged during the trading session.Profit Booking and Technical Resistance...

Visaka Industries Limited Initiates KYC Update Process for Physical Share Holders Visaka Industries Limited has commenced a formal process to update the Know Your Customer (KYC) details of its shareholders who hold securities in physical mode. The company initiated this communication on July 17, 2026, through its Registrar and Transfer Agent (RTA), Kfin Technologies Limited.The initiative is driven by mandatory requirements set forth in SEBI Circulars dated June 10, 2024, and February 06, 2026. The company has dispatched communication letters to all eligible members holding physical shares to ensure their records are current and compliant with regulatory standards.Mandatory KYC Requirements To maintain active folios and ensure...

Havells India Reports Q1 FY27 Results with Significant Revenue Growth Amidst Elevated Marketing Spend Havells India Limited has reported its unaudited financial results for the first quarter ended June 30, 2026. The company recorded a significant rise in net revenue, driven by resilient demand despite inflationary pressures and geopolitical uncertainties in the West Asia region.During the quarter, Havells implemented calibrated and staggered price hikes across various categories to mitigate the impact of raw material inflation. However, the company also saw a doubling of Advertising and Sales Promotion (A&P) expenses as it frontloaded brand-building efforts, particularly through media investments. This strategic push led to a...

SBI Cards to Host Q1 FY27 Earnings Call on July 24 SBI Cards and Payment Services Ltd has announced that it will host an earnings conference call for analysts and investors to discuss the company's performance for the first quarter of the fiscal year 2027.The scheduled call is set to take place on Friday, July 24, 2026, at 05:00 PM IST. The session will provide an opportunity for stakeholders to gain insights into the company's financial results and operational updates for the period.Participants can join the conference call through various universal access numbers and international toll-free or toll lines provided by the company. To ensure a seamless connection, participants are encouraged to dial in 10 minutes prior to the...

Waaree Energies Limited Secures Additional 212 MW Solar Module Order Waaree Energies Limited has announced the receipt of a new order for the supply of 212 MW solar modules from an international entity. The customer is a renowned organization that owns and manages utility-scale renewable power projects.This latest contract is incremental to a pre-existing order of 350 MW received from the same customer. With this additional award, the total order capacity from this specific client has increased to 562 MW.The order pertains to the supply of solar modules scheduled for the Financial Year 2026-27. The transaction is classified as a one-time order. Waaree Energies Limited confirmed that there is no promoter group interest in the...

SEBI Issues Final Order Restraining Mauria Udyog Ltd Directors from Securities Market Mauria Udyog Limited has received a final order from the Securities and Exchange Board of India (SEBI) regarding allegations of market manipulation. The regulatory authority has imposed significant restrictions on the company and its key promoters, specifically Mr. Navneet Kumar Sureka and Mrs. Deepa Sureka.The order, dated June 30, 2026, restricts the named individuals from accessing the securities market for a period of 05 years. This prohibition includes any involvement in buying, selling, or otherwise dealing in securities, whether directly or indirectly. The restriction also prohibits them from being associated with the securities market in any...

MTR Launches Protein Breakfast Range to Strengthen Market Leadership MTR, a prominent Indian food brand with a heritage exceeding 100 years, has launched its new Protein Breakfast Range. The initiative aims to reinforce the brand's leadership in the breakfast category by integrating plant-based protein into traditional Indian breakfast favorites, catering to the growing consumer demand for high-protein, convenient, and mindful food options.The new product line is designed for conscious eaters who prioritize ingredient transparency and nutritional value without compromising on taste. The range features a clean-label proposition, including no added preservatives, no maida, no palm oil, and low-sodium salt.Product Portfolio and...

Baroda BNP Paribas Announces New Balanced Hybrid Fund Launch Following SEBI Clearances Baroda BNP Paribas Asset Management India Private Limited has officially announced the launch of its new Barodabnppbhf (Balanced Hybrid Fund) under the purview of the Securities and Exchange Board of India (SEBI). The scheme is designed as an open-ended balanced fund, offering investors a strategic blend of equity and debt instruments to navigate diverse market conditions.The newly launched fund will strictly invest in equity and equity-related securities alongside debt and money market instruments. In line with regulatory standards, the AMC has confirmed that no arbitrage transactions are permitted within this specific scheme. The fund aims to...

Asian Bonds See Massive Foreign Inflow Surge to Seven-Month High as Crude Prices Cool Asian bond markets witnessed a significant resurgence in foreign investment during June, marking the largest monthly net purchase since November 2025. Investors pivoted toward regional fixed-income assets as a strategic move to mitigate concerns surrounding global equity markets.This capital flight into safer haven assets was underpinned by two primary drivers: a notable cooling in oil prices and a robust demand for technology-related goods. The confluence of these factors significantly improved the economic outlook for major Asian economies.Crude Oil Price Drop Eases Inflationary Pressures A sharp decline in Brent crude prices served as a critical...

Large-Caps Poised for Tactical Mean Reversion as Jefferies Flags Excessive Mid-Cap Valuations Jefferies global equity strategist Christopher Wood has issued a strategic alert, signaling that Indian large-cap stocks are primed for a tactical comeback against the mid- and small-cap segments. Wood highlights a widening valuation gap that appears increasingly disconnected from the underlying trajectory of earnings growth.The analysis draws on insights from Jefferies’ head of India research, Mahesh Nandurkar, who argues that the recent surge in mid- and small-cap stocks has become excessive relative to fundamental data. The numbers provide a stark contrast between current performance and expected future growth.Diverging Growth...

Zepto Valuation Plummets Toward $4.5 Billion Mark as Profitability Concerns Shadow IPO Plans Zepto Ltd. is reportedly navigating a significantly lower valuation for its upcoming initial public offering (IPO) compared to its previous highs. The rapid delivery giant faces a cooling investor sentiment as the quick-commerce industry shifts its focus from sheer growth to sustainable profitability.The company is currently seeking a valuation that falls sharply below its $7 billion peak achieved during a funding round last October. Reports indicate that foreign investors have expressed interest at a pre-money valuation of approximately $4.5 billion.Market dynamics are further complicated by domestic institutional investors, who are...

Bondada Engineering Ltd Secures Order for BSNL Telecom Towers Worth Rs. 10.44 Crore Bondada Engineering Limited has secured a purchase order from Veremax Technologie Services Limited for the supply of BSNL 40-Meter Telecom Towers, including Foundation Bolts and Templates. The order is designated for various locations across South India.The contract will be executed through Bondada Green Engineering Private Limited, the manufacturing subsidiary of Bondada Engineering Limited. This subsidiary utilizes state-of-the-art tower manufacturing facilities to support the group's presence in the telecom infrastructure segment.The transaction represents a domestic order and highlights ongoing demand for high-quality telecom infrastructure...

Shakti Pumps India Ltd Invests Rs. 5 Crores in Wholly Owned Subsidiary for EV Expansion Shakti Pumps (India) Limited has announced a strategic investment of Rs. 5,00,00,000 (Rupees Five Crores Only) in its wholly owned subsidiary, Shakti EV Mobility Private Limited. The investment was executed through the subscription of 50,00,000 equity shares with a face value of Rs. 10 each.Following this transaction, the consolidated investment in the subsidiary stands at Rs. 70,00,00,000 (Rupees Seventy Crores Only). The capital infusion is intended to initiate and expand the business operations of the wholly owned subsidiary.Subsidiary Profile and Operations Shakti EV Mobility Private Limited was incorporated on December 16, 2021. The entity...

Globus Spirits Ltd Reports Quarterly Financial Results for Quarter Ended June 30, 2026 Globus Spirits Limited has announced its standalone and consolidated financial results for the first quarter ended June 30, 2026. The company reported a steady growth in revenue and profit compared to the preceding quarter and the same period in the previous fiscal year.Consolidated Financial Performance On a consolidated basis, the company recorded an income from operations of 1,15,187.94 lakh for the quarter ended June 30, 2026, compared to 85,108.14 lakh in the quarter ended March 31, 2026. The total income for the period stood at 1,15,361.95 lakh.The company's total expenses were reported at 1,11,643.65 lakh for the current quarter...

Havells India Limited Reports Q1 FY2026-27 Financial Results Havells India Limited has released its standalone and consolidated financial results for the first quarter ended June 30, 2026. The company reported a profit for the period of Rs. 298.43 crores on a standalone basis, while the consolidated profit stood at Rs. 289.71 crores.Standalone Financial Performance For the quarter ended June 30, 2026, Havells India Limited recorded a revenue from operations of Rs. 6,509.97 crores. The total income for the period reached Rs. 6,564.10 crores, which includes other income of Rs. 54.13 crores.The company's expenses for the quarter totaled Rs. 6,163.09 crores. This included:Cost of raw materials and components consumed: Rs. 4,023.54...

Jupiter Life Line Hospitals Limited Announces Record Date for Equity Share Split Jupiter Life Line Hospitals Limited has announced the record date for the sub-division and split of its existing equity shares. The company has scheduled Friday, July 24, 2026, as the cut-off date to determine the eligibility of shareholders entitled to participate in the stock split.The decision follows the approval received from equity shareholders during the Annual General Meeting conducted on July 17, 2026. The company confirmed that the share split will involve a conversion of face values to ensure a broader distribution of shares among the shareholder base.FeaturePre-Split DetailsPost-Split DetailsNumber of Shares1 Share5 SharesFace Value...

Consecutive Commodities Ltd Extends Rights Issue Closing Date to July 31, 2026 Consecutive Commodities Limited has announced an extension of its ongoing Rights Issue closing date. The decision follows a meeting held by the Rights Issue Committee on July 17, 2026, where it was determined that the additional time would allow eligible equity shareholders more opportunity to exercise their rights under the issuance.The Rights Issue originally commenced on July 2, 2026, with an initial closing date set for July 24, 2026. Following the committee's decision, the final date to submit the completed Composite Application Form (CAF) along with the required application money has been moved to July 31, 2026.In tandem with the extended issuance...