Markets

Indobell Insulations Ltd Secures Domestic Order for Nodulated Wool Worth Rs 31,504,000.00 Indobell Insulations Limited has secured a domestic order for the supply of Nodulated Wool from Sundaram Brake Linings Limited. The transaction pertains to a domestic entity and represents a significant contract for the company's product portfolio.The total consideration for the order is valued at Rs 31,504,000.00. According to the agreement details, the payment terms are structured as a direct credit to be processed within 45 days. The company is expected to complete the execution of this contract by March 2028.The contract does not involve any promoter group interests or related party transactions. The details of the order are outlined in the...

Omax Autos Ltd to Review Quarter Ended June 30, 2026 Financial Results Omax Autos Ltd has scheduled a Board Meeting on Friday, July 24, 2026, to review the company's financial performance. The meeting will take place at Plot No.B-26, Institutional Area, Sector-32, Gurugram.The primary agenda for the session is the consideration of the un-audited financial results for the quarter ended June 30, 2026. The company remains focused on its operational reporting for this period.As part of the company's internal protocols, a trading window for dealing in securities by designated persons has been closed starting July 1, 2026. This restriction will remain in effect until 48 hours after the declaration of the un-audited financial results for...

China Stocks Plunge as CXMT IPO Sparks Severe Liquidity Crunch Fears Chinese equity markets faced a brutal sell-off on Friday, pushing benchmark indexes toward their steepest weekly decline in two and a half years. Investors reacted sharply to concerns that the massive debut of memory chipmaker CXMT could drain critical liquidity from the secondary market.The CSI300 Index plummeted 2.5% by the midday break, reaching its lowest level in three months. Meanwhile, the Shanghai Composite Index retreated 1.6%, with both markers poised for their weakest weekly performance since late December 2024.Technology and Semiconductor Giants Lead Market Sell-Off The technology sector bore the heaviest weight of the downward spiral as investors...

Greenply Industries Ltd to Review Quarterly Financial Results in Upcoming Board Meeting Greenply Industries Limited has scheduled a meeting of its Board of Directors to review and approve the company's un-audited financial results for the quarter ended June 30, 2026. The meeting is set to take place on Friday, July 24, 2026.The board will consider the quarterly performance and officially take the financial results on record during this session.Trading Window Update In connection with the upcoming announcement of the financial results, the company has implemented a temporary closure of the trading window for shares of Greenply Industries Limited. The window was closed effective July 1, 2026.The trading window is scheduled to reopen...

Jio Financial Services Shares Surge as Net Profit Skyrockets 156% in Landmark Q1 Performance Jio Financial Services shares witnessed a significant bullish move, trading 3.85% higher at Rs 244.73 following the release of stellar first-quarter results for FY27. The stock had reached a high of 4.56% during the trading session as investors reacted to a massive profit surge.The company reported a 156% year-on-year jump in consolidated net profit, reaching Rs 830 crore compared to Rs 325 crore during the same period last year. This growth signals a robust operational turnaround and strengthening market position for the financial powerhouse.Explosive Revenue Growth and Interest Income Drivers The company's consolidated revenue from...

Polycab India Shares Plunge 4% Despite Record-Breaking Q1 Profit Surge Polycab India shares faced a sharp sell-off on Friday, sliding 4% to hit an intraday low of Rs 8,888 on the BSE. This decline occurred despite the company announcing its strongest-ever first-quarter performance to date.The stock retreated from its previous close of Rs 9,216 even as the firm reported a significant 33% year-on-year (YoY) surge in net profit to Rs 797 crore. This divergence between fundamentals and share price has caught the attention of market observers monitoring the wires and cables giant.Explosive Revenue Growth and EBITDA Expansion The company reported a substantial 39% YoY rise in consolidated revenue, reaching Rs 8,210 crore for the quarter...

Global Infratech & Finance Ltd Appoints New Compliance Officer Global Infratech & Finance Ltd has announced a change in its leadership team regarding the role of Compliance Officer. The company confirmed that Mr. Dhaval Anandkumar Bajaj, who served as the Company Secretary and Compliance Officer, resigned from his position at the close of business on July 16, 2026.In his place, the Board of Directors has appointed Ms. Shruti Ahuja to serve as the new Compliance Officer. The appointment follows a recommendation from the Nomination & Remuneration Committee and is effective as of July 17, 2026.Ms. Shruti Ahuja brings professional qualifications including a B.Com degree and Company Secretary certification. Her membership number is...

NOVA Global Opportunities Fund PCC Acquires Equity Shares in Sobhagya Mercantile Limited Nova Global Opportunities Fund PCC-Touchstone has acquired a significant stake in Sobhagya Mercantile Limited through the conversion of convertible warrants. The transaction, which took place on July 13, 2026, involved the preferential allotment of equity shares to the acquirer.The acquisition resulted in the issuance of 6,50,500 equity shares, each carrying a face value of Rs. 10/-. These shares were allotted at a premium of Rs. 664.49/- per share. The transaction is structured as a preferential allotment following the conversion of convertible warrants held by Nova Global Opportunities Fund PCC-Touchstone.The acquisition significantly impacts...

Time Technoplast Limited Secures Significant LPG Cylinder Order from HPCL Time Technoplast Limited has secured a major contract from Hindustan Petroleum Corporation Limited (HPCL) for the supply of 1,40,000 units of 10 kg Composite LPG Cylinders. The order, received through the Government e-Marketplace (GeM) platform, is valued at approximately R 38.14 crore.The contract pertains to the supply of Type IV Composite LPG Cylinders and is scheduled for execution within a six month period. This order highlights the increasing adoption of composite cylinders by prominent oil marketing companies in India. These cylinders are favored for their lightweight construction, superior safety features, and enhanced consumer convenience.The...

NSE Stock Faces Rare 'Sell' Call as Regulatory Headwinds Loom Ahead of Massive IPO Debut National Stock Exchange of India Ltd. (NSE), the operator of the world’s largest derivatives exchange by trading volume, has received an unexpected ‘sell’ recommendation just as it prepares to launch the country’s largest initial public offering.Dolat Capital Market Pvt. initiated coverage on the stock with a bearish outlook, citing concerns that tightening regulations on the equity derivatives market will significantly crimp trading volumes. The brokerage warns that these regulatory shifts could erode the exchange's market share and leave current high valuations with very little room for future upside.Regulatory Pressures Impacting Market Share...

PNC Infratech Limited Signs Concession Agreements for Two HAM Projects Worth Rs.3483.00 Crore PNC Infratech Limited has announced the execution of concession agreements with the National Highways Authority of India (NHAI) for two Hybrid Annuity Mode (HAM) highway projects in Uttar Pradesh. The agreements were signed on July 16, 2026, involving Special Purpose Vehicles (SPVs) incorporated by the company to implement the projects.The combined bid project cost for these two developments totals Rs. 3483.00 crore. Both projects are situated on the NH-927 section in Uttar Pradesh and fall under the NH(O) Scheme.Project Details and Financial Outlay The following table outlines the specific project names, the respective Special Purpose...

Gujarat Pipavav Port Limited Appoints Zeeshan Mukhi as Chief Commercial Officer Gujarat Pipavav Port Limited has announced the appointment of Mr. Zeeshan Mukhi as its new Chief Commercial Officer. The appointment is scheduled to become effective by mid-October 2026.This leadership transition follows the resignation of Mr. Amit Bhardwaj from the position of Chief Commercial Officer, which was previously noted as effective from 30 June 2026.Mr. Zeeshan Mukhi brings extensive experience to the role, possessing over 22 years of expertise in the Container Shipping and Logistics sectors. His professional background includes holding various positions within major global entities such as AP Moller Maersk and DP World. For the past decade...

Time Technoplast Limited Secures Major Order from HPCL for Composite LPG Cylinders Time Technoplast Limited has secured a significant contract from Hindustan Petroleum Corporation Limited (HPCL) for the supply of 1,40,000 units of 10 kg Composite LPG Cylinders. The order, received through the Government e-Marketplace (GeM), is valued at approximately Rs 38.14 crore.The award highlights the increasing adoption of composite LPG cylinders by major oil marketing companies in India. These cylinders are preferred due to their lightweight construction, superior safety features, and enhanced consumer convenience. This contract reinforces Time Technoplast Limited's position in the composite cylinder market and supports the national shift...

Gandhi Special Tubes Limited Announces Proposed Share Buyback and AGM Details Gandhi Special Tubes Limited has announced a proposal for the buyback of its equity shares and scheduled its 41st Annual General Meeting (AGM) for August 2026. The company intends to utilize the tender offer route for the buyback, which is expected to be completed within 12 months from the date of the special resolution approval.Proposed Share Buyback Details The company plans to buy back up to 8,68,100 fully paid-up equity shares of Rs. 5/- each. This represents 7.14% of the total number of equity shares of the company as of March 31, 2026. The maximum price for the buyback is set at Rs. 900/- per equity share, with an aggregate amount not exceeding Rs...

CEAT Shares Tumble 7% as Q1 Profit Collapses 96% Amidst Sharp Margin Squeeze CEAT Ltd shares plummeted more than 7 percent in morning trade on Friday following a disastrous earnings report for the June quarter. The tyre manufacturer faced a severe profitability crunch as soaring raw material costs overshadowed significant revenue growth.Investors reacted sharply to the data, sending the stock down as much as 9.4 percent during the trading session. Shares were trading at Rs 3,545, marking a notable sell-off that positioned the stock among the top losers in the BSE Smallcap index.The company currently holds a market capitalization of more than Rs 14,350 crore. However, its stock performance has lagged behind broader market trends...

Caliber Mining IPO Sees Strong Day 1 Momentum With 20 Percent Subscription and 25 Percent GMP The Caliber Mining and Logistics Limited initial public offering (IPO) has kicked off with significant interest, recording a 20 percent subscription level by 10:20 am on July 17. Data from the National Stock Exchange confirms that the Maharashtra-based mining operator is seeing steady demand during its opening day of bidding.The public offer, valued at Rs 450 crore, has received bids for 16,11,470 shares against a total offering of 78,35,821 shares. Institutional and retail interest remains high as the subscription window remains open to investors seeking exposure to the mining and logistics sector.Non-Institutional Investors Drive Early...

CXMT’s $8.6 Billion IPO Sees Massive 243-Times Oversubscription Amidst Cooling Tech Sentiment Chinese memory chipmaker ChangXin Memory Technologies (CXMT) has secured a significant foothold in the public markets with its $8.6 billion initial public offering (IPO). While the listing drew intense retail interest, the data reveals a nuanced landscape of high demand tempered by growing investor caution regarding China's technology sector.The retail and online tranche of the IPO was oversubscribed by 243.93 times. This underscores a powerful appetite for what currently stands as Asia’s largest IPO of the year. However, market participants noted that this level of subscription is lower than the extreme frenzy seen in several recent Chinese...

IT Stocks Surge as Tech Mahindra’s Robust Q1 Results and HCLTech's Massive 7-Year Deal Ignite Sector Rally The Indian IT sector witnessed a powerful breakout on Friday, with major players including Infosys, TCS, and HCLTech leading a significant rally. Shares of these industry giants surged up to 3.3%, propelled by stellar quarterly performance from Tech Mahindra and a landmark long-term contract for HCLTech.This broad-based buying interest pushed the Nifty IT index up 658 points, representing a sharp 2.3% gain to reach 29,381. The rally came despite broader industry headwinds involving concerns over discretionary spending and rising wage costs.Tech Mahindra Outperforms Estimates to Drive Momentum Tech Mahindra emerged as a primary...

SBI Mutual Fund Reduces Stake in V-Guard Industries Ltd SBI Mutual Fund has reduced its shareholding in V-Guard Industries Ltd, reporting a change in its portfolio as of July 15, 2026. The mutual fund, operating under various schemes, executed the sale of shares in the open market.The transaction involved the sale of 12,39,519 shares carrying voting rights. Prior to this transaction, SBI Mutual Fund held 3,19,04,070 shares, representing a 7.3025% stake in the company. Following the sale on July 15, 2026, the holding was reduced to 3,06,64,551 shares, which constitutes a 7.0188% stake in the paid-up share capital of V-Guard Industries Ltd.The total equity share capital and voting capital of V-Guard Industries Ltd remains unchanged at...

CTL Trusteeship Limited Creates Share Pledge Over Restaurants Brands Asia Limited Equity CTL Trusteeship Limited, a group company of Catalyst, has established a share pledge over the equity shares of Restaurants Brands Asia Limited. The transaction was finalized on July 14, 2026.The acquisition involves an encumbrance of 11,88,93,177 shares. Following this action, the holding in the nature of encumbrance stands at 16.71% of the total share capital and 14.84% of the total diluted share capital.The transaction was executed via a share pledge created over the equity shares of Restaurants Brands Asia Limited in favor of CTL Trusteeship Limited. The total equity share capital of Restaurants Brands Asia Limited remains at INR...