Markets

Zydus Wellness Schedules Board Meeting for Unaudited Quarter Results Zydus Wellness Ltd has scheduled a meeting of its Board of Directors on Tuesday, August 4, 2026. The primary agenda for this session is the consideration and approval of unaudited financial results for the quarter ended June 30, 2026.The board will deliberate on these financial outcomes in addition to other scheduled items during the meeting. Regarding operational activity, a trading window remains closed until Thursday, August 6, 2026. For directors and designated persons of the company, the trading period is set to reopen on Friday, August 7, 2026.Event DetailsDate/TimelineBoard Meeting DateAugust 4, 2026Quarter End DateJune 30, 2026Trading Closure...

Prabhudas Lilladher Revises MRPL Target to ₹150 Amid Rising Crude Costs and SAED Pressures Prabhudas Lilladher has maintained a 'Hold' rating on Mangalore Refinery and Petrochemicals (MRPL) while upwardly revising the stock's target price to ₹150. This revision comes as the company navigates complex operational headwinds including fluctuating crude prices and excise duties.Mixed Q1FY27 Performance Amidst Geopolitical Volatility The refinery reported an EBITDA of ₹13.2bn for Q1FY27, missing both the Professional Estimate (PLe) of ₹10.9bn and the Brokerage Beat Group estimate (BBGe) of ₹15.2bn. The miss was primarily driven by a higher cost of sales resulting from elevated crude prices following the West Asia conflict.In comparison to...

Central Mine Planning & Design Institute Limited Provides Director Identification Number for Appointed Independent Director Central Mine Planning & Design Institute Limited (CMPDIL), a subsidiary of Coal India Limited, has provided the official Director Identification Number (DIN) for Shri Rajesh Davera, who serves as a Non-Official Independent Director on the company's Board.The update confirms that Shri Davera holds DIN 11828075. This information clarifies previous communications where the identification number was listed as being under process at the time of initial reporting. All other details regarding his appointment remain unchanged.Shri Davera was appointed to the Board effective July 15, 2026. His tenure is set for a period...

Bullion Prices Dip Amid Renewed US-Iran Tensions as Global Markets Watch Fed Policy Bullion prices witnessed a marginal decline during early trade on July 16. This downward pressure is attributed to renewed tensions between the US and Iran, which have kept both the US dollar and crude oil prices elevated.Market participants are closely monitoring these geopolitical developments as they influence global metal valuations. The interplay between energy costs and currency strength continues to define the current trading environment for precious metals.Bullion Prices Retreat Amid Geopolitical Friction On the international front, gold spot prices traded with a 0.29 percent decline to $4,040.20 per ounce during morning trade on Comex. This...

SEBI, NISM Launch Combined Certification to Break Mutual Fund and SIF Distribution Bottlenecks Streamlined Access for Specialized Investment Funds The Securities and Exchange Board of India (SEBI) and the National Institute of Securities Markets (NISM) have formalised a new certification examination for distributors of mutual funds and specialized investment funds (SIFs). This initiative directly addresses a significant bottleneck that had emerged while attempting to expand the distribution network for new investment products.The regulatory move focuses on the complexity of SIF strategies, which posed challenges for the expansion of the distributor base. To ensure market integrity, NISM has specified the NISM-Series-V-D: Mutual Fund &...

Devson Catalyst Rockets to 66% Premium on Debut as Oversubscribed IPO Ignites BSE SME Heat Devson Catalyst Limited delivered a powerhouse performance on the BSE SME platform this Thursday, marking a significant milestone for the specialty chemicals manufacturer. The stock debuted at ₹196 per share, representing a substantial premium of approximately 66 percent over its issue price of ₹118.This explosive listing comes on the heels of an overwhelming investor response during the bidding period from July 9 to July 11. Investors showed immense confidence in the company, resulting in the initial public offering being subscribed 220.35 times.Robust Investor Sentiment and Market Dynamics The Rs 42.34 crore SME IPO saw heavy participation...

ICICI Lombard Shares Plunge 13% as Brokerages Flag Significant Fall in Q1 PAT ICICI Lombard General Insurance shares experienced a sharp sell-off on July 16, with the stock trading at Rs 1,593.3 apiece by 9:50 am. The shares crashed roughly 13% following the release of disappointing first-quarter results for the current fiscal year.The private sector insurer reported a staggering 46% decline in profit, totaling Rs 403 crore for the April-June period of FY26. This marks a significant drop from the Rs 747 crore profit recorded during the same period last year.Profit Slump Driven by Fire Segment Losses and Legal Judgments The company attributed the sharp decline in profitability to two major losses within its fire segment...

Kalyan Jewellers Snaps Six-Day Winning Streak After RS 20,000 Crore Market Cap Surge Kalyan Jewellers shares faced a cooling period during early trade on Thursday, declining approximately 2 percent to reach ₹537. This movement effectively snapped a notable six-session winning streak for the jewellery retailer.Despite this intraday pullback, the stock maintains a robust trajectory in the current calendar year. It remains up about 11.4 percent so far in 2026, significantly outperforming the Nifty 50 which has seen a decline of 7.8 percent over the same period.Market Capitalization and Recent Rally Dynamics The recent six-session rally was exceptionally potent, propelling the stock by 54.5 percent in a short window. This surge added...

KCP Limited Announces Record Date for Interim Dividend Payment KCP Limited has announced the record date for its interim dividend payment. The company has established Wednesday, August 12, 2026, as the official record date to determine shareholder eligibility for the upcoming distribution.The interim dividend is scheduled to be paid on or after Tuesday, August 25, 2026. This update follows a previous announcement regarding the Board of Directors meeting held to consider financial results for the quarter ended June 30, 2026, and the potential declaration of an interim dividend.The key dates associated with the dividend payment are outlined in the table below:EventScheduled DateRecord DateAugust 12, 2026Payment DateOn or...

Laser Power & Infra Shares Surge to Listing Premium as High Subscription Drives Market Debut Laser Power & Infra Ltd made a significant entry into the equity markets on Thursday with a robust listing performance. The integrated power cables and transmission products manufacturer saw its shares debut at a notable premium over the initial offering price.The company successfully secured a massive 38.94 times subscription for its initial public offering (IPO) between July 9 and July 13. This high demand from investors laid the groundwork for the successful listing on both major Indian exchanges.Laser Power & Infra Lists with Notable Premiums on NSE and BSE On the National Stock Exchange (NSE), shares of Laser Power & Infra were listed...

India’s Energy Security Alert: Can UAE Ports Shield Crucial Oil and Gas Flows From a Strait of Hormuz Shutdown? India is navigating a complex geopolitical landscape as tensions in the Middle East threaten its primary energy corridors. The country relies heavily on the Strait of Hormuz for its vital fuel supplies, making any disruption to this waterway a significant threat to domestic stability.Before recent escalations, India sourced approximately 60% of its crude oil imports, 54% of its LNG imports, and 90% of its LPG imports through the Hormuz route. This heavy concentration makes the country particularly vulnerable to maritime friction.Even when physical supplies remain available, increased military escorts and operational...

Asian LNG Prices Surge to Highest Levels Since March Amid Escalating Middle East Tensions Asian liquefied natural gas (LNG) prices have climbed to their highest levels since late March. This sharp spike is being driven by escalating hostilities in the Middle East, which have deepened concerns over sustained shipping disruptions through the Strait of Hormuz.Spot LNG is currently trading at approximately $20.2 per million British thermal units. This reflects a significant 10% surge over the past week as markets react to the intensifying geopolitical friction between the US and Iran.Critical Supply Bottlenecks at the Strait of Hormuz The conflict has intensified recently as both nations vie for control over the strategic strait. The...

Telge Projects Ltd Approves Grant of Up To 39,909 Employee Stock Options Telge Projects Limited has approved the issuance of up to 39,909 stock options as part of its TPL - ESOP 2026 scheme. The approval was granted by the Nomination and Remuneration Committee during a meeting held on July 16, 2026.The option grant covers a total of 39,909 equity shares of the company. According to the approved terms, the exercise price for each option is set at Rs. 110. This pricing represents a discount of approximately 30.60% relative to the prevailing market price of Rs. 158.50 per equity share as of July 15, 2026.The scheme outlines specific vesting and exercise timelines for the options. The vesting period is scheduled to occur no earlier than...

Metalic Technoforce Sets Price Band for Upcoming IPO as Manufacturing Expansion Takes Center Stage Gujarat-based manufacturing specialist Metalic Technoforce has officially announced its maiden public issue to the investors. The company is set to open its subscription window between July 21 and July 23, with a determined price band of Rs 72 to Rs 77 per share.The issuance represents an entirely fresh issue consisting of 64.88 lakh shares. At the upper price band, the company aims to raise nearly Rs 50 crore through this initial public offering.Prospective investors can also participate in the anchor book, which will be launched for a single day on July 20. The company has appointed Smart Horizon Capital Advisors as the merchant...

Momentum Stocks Surge as Mrs. Bectors Food and C2C Advanced Systems Breakout Amidst Heavy Sell-Off in Insurance The equity markets witnessed a focused rotation on July 16, where specific names carved out significant gains fueled by technical breakouts and sustained buying interest. In an environment searching for fresh triggers, several stocks displayed strong upward momentum while others faced severe downward pressure.Investors observed notable price action in firms trading well above their short-term moving averages. This positioning suggests a positive near-term trend even as broader long-term resistance levels persist for many of these names.Technical Breakouts Drive Momentum in Selected Stocks Mrs. Bectors Food Specialities...

MRPL Surges on Spectacular Profit Turnaround While ICICI Lombard Plummets Amid Weak Quarterly Earnings Several stocks are poised to remain in sharp focus during the July 16 session as investors react to a wave of quarterly results, corporate updates, and significant brokerage activity. Trading activity is expected to be driven primarily by company-specific developments and reaction to these pivotal announcements.MRPL Records Massive Profit Turnaround and Revenue Growth MRPL shares witnessed a breakout move, surging 7% following a stellar performance for the quarter ended June 2026. The company reported a substantial profit of ₹945.7 crore, marking a dramatic reversal from the loss of ₹270.7 crore recorded in the year-ago period.This...

Indian Bond Yields Rise to 6.75 Percent as Geopolitical Friction Stabilizes Crude Prices Indian bond yields rose two basis points on July 16, reaching a level of 6.75 percent. This movement occurred as market participants navigated steady Brent crude prices despite recent volatility in oil costs.The benchmark 10-year bond yield was recorded at 6.7548 percent, compared to the 6.7738 percent observed in the previous trading session. Investors remain mindful of the inverse relationship between bond yields and prices during these fluctuations.Brent Crude Pricing Dynamics and Inflationary Pressures Brent crude prices remained anchored near the $85 per barrel mark as geopolitical uncertainty continues to weigh on the market. This period...

ICICI AMC and HDFC AMC Power Through with Steady Growth as SBI AMC Breaks Into Market The asset management sector has reported significant developments for Q1 FY27. ICICI AMC and HDFC AMC have both demonstrated steady growth during this reporting period.These results highlight the ongoing stability of established players in the industry. The reports provide a clear picture of the current trajectory for these major firms.Growth Performance of ICICI and HDFC Asset Management ICICI AMC and HDFC AMC delivered steady growth results in the first quarter of fiscal year 2027. This performance underscores their continued presence in the asset management landscape.Analysts observe that this consistency is a key factor for market stability...

GRE Renew Enertech Surpasses 100 MWp Solar Milestone with ₹224 Crore Order Book Ahmedabad, July 16, 2026: GRE Renew Enertech Limited has reached a significant milestone by exceeding 100 MWp in cumulative solar installations. The company reported that its current consolidated active order book stands at approximately 75 MWp, with an aggregate value of approximately ₹ 224 crore, reflecting accelerated growth for the renewable energy provider.The expansion in GRE's order book was driven by a series of new project wins during the first quarter of FY26-27. A major driver of this growth includes a recently secured turnkey order from Solarium Green Energy Limited valued at ₹175 crore. This contract is for a 50 MW AC/ 65 MW DC utility-scale...

Dixon Technologies Rockets 7% as HSBC Upgrade and New Government Manufacturing Scheme Fuel Bullish Sentiment Dixon Technologies (India) Ltd witnessed a significant breakout in early trade on Thursday, with shares surging more than 7 percent. This rally was triggered by a positive rating upgrade from HSBC and the announcement of a massive government manufacturing incentive.The company's shares climbed 7.4 percent to reach Rs 14,656 during early trading sessions. This performance extended the gains from Wednesday, where the stock rose by 2.5 percent, positioning Dixon as the top gainer on the BSE Midcap index.The surge has propelled the company's market capitalization to approximately Rs 83,770 crore. Investors are reacting to a...