Markets

Metal Shares Plunge as Aluminium Production Ramps Up; Supply Concerns Ease After Strike Restart News Shares of major aluminium producers saw a sharp downturn on Friday after global metal prices experienced a reversal. Vedanta Aluminium, Hindalco, and National Aluminium Company (NALCO) all tumbled, trading near their daily lows as supply constraints appeared to ease slightly in the market.The decline was primarily triggered by increased production at Alunorte, a key refining facility in Brazil. This news contrasted sharply with earlier excitement surrounding a potential aluminium shortage created by geopolitical disruptions.Global Supply Surge Looms as Alunorte Boosts Output The reversal comes after intense focus on supply shortfalls...

Transformers And Rectifiers Secures Order from APTRANSCO for Transformer Manufacturing Transformers And Rectifiers (India) Limited has secured an order from Transmission Corporation of Andhra Pradesh Limited (APTRANSCO). The contract pertains to the manufacturing of transformers and related work, marking a significant domestic business development for the company.The agreement was formalized through a Letter of Intent (LOI), with the scope being executed in accordance with the terms stipulated in the LOI. APTRANSCO, identified as a domestic entity, awarded the order to Transformers And Rectifiers (India) Ltd. The scheduled delivery period for this contract is within the next 13 months.The company confirmed that the matter falls...

Swojas Foods Announces 12th Annual General Meeting and Makes FY 2025-26 Annual Report Available Swojas Foods Ltd, formerly known as Swojas Energy Foods Limited, has announced the date for its upcoming 12th Annual General Meeting (AGM) and confirmed the availability of the Annual Report for the Financial Year 2025-26. The company communicated details regarding the AGM and provided access to the required documentation for shareholders.The 12th AGM is scheduled to take place on Friday, September 11, 2026, at 12:30 p.m. (IST). Members are advised that the meeting will be held through Video Conferencing (VC) facility or Other Audio Visual Means (OAVM).In addition to the AGM notice, Swojas Foods provided shareholders with access to the...

HandsOn Global Management Announces Q1 Results and Plans US$ 2 Million Infusion into Overseas Subsidiary HandsOn Global Management (HGM) Ltd, formerly known as HOV Services Limited, announced the financial results for the first quarter (Q1) ended June 30, 2026. The company’s Board of Directors approved the standalone and consolidated financial statements. Furthermore, the board considered the infusion of up to US$ 2 Million into its overseas subsidiary, HCI-LLC, Cayman Islands.The Q1 results reflect a period involving multiple operational segments across the Group, which includes entities like HOVS LLC (USA), Healthcare Capital Holdings LLC (USA), and HOV Environment Solutions Private Limited. The company also approved its CSR Policy...

Shiprocket IPO Surge: Issue Subscribed Over 4x as Grey Market Premium Reaches 38% The initial public offering (IPO) of Shiprocket, a leading e-commerce shipping and logistics platform based in Gurugram, is witnessing intense investor interest. As of 10:15 am on August 14, the issue has been subscribed over four times, according to data from the NSE.The IPO concerns an offering valued at Rs 1,617.5 crore. The subscription details show a demand for 40,50,31,550 equity shares against the offered quantity of 9,44,36,030 shares. Retail investors have driven significant demand, with their reserved quota subscribed at a rate of 11.31 times.Strong Investor Demand and Grey Market Sentiment The unofficial grey market is also reflecting robust...

Galaxy Surfactants Soars 20% as Q1 Profit More Than Doubles Amid Operational Surge Galaxy Surfactants shares registered a massive jump, hitting a 20% upper circuit at ₹2,505.60 on the BSE on Friday. The home and personal care specialty chemicals maker is reeling in investor confidence after announcing a powerhouse Q1FY27 performance.The company reported a consolidated net profit of ₹165.9 crore for the quarter ending June 30, 2026. This figure marks a dramatic surge of 108.7% compared to the corresponding period last year. Furthermore, the net profit witnessed an impressive increase of 165.8% from Q4FY26's ₹62.4 crore.Operational Excellence Drives Record Profits Operational performance set a new benchmark for Galaxy Surfactants in...

Coal India Limited Opens Special Window for Re-lodgement of Physical Equity Shares Coal India Limited announced the opening of a special window dedicated to the transfer of physical equity shares. This initiative, detailed as the 4th Intimation regarding this process, is designed to facilitate the re-lodgement of such requests.The special window for the transfer of physical equity shares has been opened by the company. This period will remain open for one year, starting from February 05, 2026, and concluding on February 04, 2027. The lodgement of legally valid and duly completed documents for the transfer of physical equity shares will be considered during this period.Investors who wish to submit their requests must do so within 15...

Anupam Rasayan India Limited Appoints Ravi Desai as Chief Operating Officer Anupam Rasayan India Limited has approved the appointment of Mr. Ravi Desai as Chief Operating Officer (COO) of the company, effective August 14, 2026. The decision was made by the Board of Directors at a meeting held on that day.Mr. Desai will continue serving as a Key Managerial Personnel within the company, taking on the role of Chief Operating Officer while having previously served in the capacity of Sales Head and Key Managerial Personnel.The appointment formalizes Mr. Desai's significant contributions to the company since he began his association with Anupam Rasayan India Limited in 2012.Professional Profile and Experience Mr. Ravi Desai holds a...

Anupam Rasayan India Limited Announces Q1 Results and Approves Key Operational Changes Anupam Rasayan India Limited announced the approval of its unaudited financial results for the quarter ended June 30, 2026, and confirmed a key executive appointment during a Board meeting held on August 14, 2026. The company reported figures across both standalone and consolidated segments.The Board meeting commenced at 08:48 a.m. IST and concluded at 09:36 a.m. IST. During the meeting, the Company approved the unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2026. Furthermore, the Board approved the appointment of Mr. Ravi Desai as Chief Operating Officer (COO), effective from August 14, 2026.Financial...

Honasa Consumer Smashes 52-Week High as Earnings Surge Amid Index Weakness: Welspun and KRBL Rally on Q1 Results Stock-specific actions dominated Dalal Street on August 14, with investors focusing intently on corporate developments and strong quarterly earnings. While benchmark indices traded under a negative bias, several midcap and small-cap stocks saw significant gains driven by robust company performance.Consumer Stock Hits High as Profit Jumps Over 100% Honasa Consumer shares rose 3%, achieving a significant milestone by breaching its 52-week high mark. The surge follows the release of Q1 results, where the company reported massive profitability growth. Honasa’s profit jumped 118.4% year-over-year (YoY), hitting ₹90.2 crore from...

LEAP India Shares Surge on Listing Day, Decoupling from Grey Market Expectations as IPO Delivers Strong Debut LEAP India shares made a positive debut today on both the NSE and BSE markets, confirming a buoyant start after its highly anticipated IPO. The stock listed above its issue price, demonstrating strong market reception for the technology-enabled supply chain solutions provider. Following the listing, LEAP India's market capitalization stood at approximately ₹7,312.91 crore.Listing Performance and Investor Demand The company's shares opened at ₹165.9 on the NSE, reflecting a gain of 4.34 percent over the IPO issue price. On the BSE, LEAP India debuted at ₹166, showing an increase of 4.40 percent from the offering level. This...

Gold and Silver Prices Plummet as Profit Booking Hits MCX Despite Escalating Iran Tensions Gold and silver prices opened lower on the Multi Commodity Exchange (MCX) on Friday, following a sharp rally over previous sessions. The decline came despite sustained global demand for precious metals, coupled with geopolitical instability stemming from heightened tensions between Washington and Tehran. Investors are booking profits after recent aggressive price surges across the precious metal spectrum.Domestic Precious Metal Declines on Profit Booking The domestic market saw significant corrections in commodity futures. MCX silver futures for September 2026 delivery were down by Rs 2,537, settling at Rs 2,32,910 per kg. Gold futures for...

Technocraft Ventures Surges Above IPO Price, Listing Strong After Massive 38x Subscription Technocraft Ventures shares debuted strongly in the market on Friday, solidifying a successful initial public offering (IPO). The stock listed at significant premiums across both major exchanges, driven by intense demand during the primary subscription phase.The company's debut underscored the market's confidence in its prospects, with the venture listing significantly above the initially set pricing band. This strong performance follows an overwhelmingly successful issue in the primary market.IPO Performance and Listing Details Technocraft Ventures was successfully issued as part of a Rs 252-crore offering. The initial price band for the...

SEBI Signals Massive Overhaul of SME IPO Framework: Listing Rules, Underwriting, and Lot Sizes Poised for Major Shift Market participants are awaiting a significant shake-up in the Small and Medium Enterprise (SME) Initial Public Offering (IPO) framework as the Securities and Exchange Board of India (SEBI) mulls comprehensive changes. The regulator is reviewing key parameters including listing thresholds, market making requirements, underwriting mandates, lot sizes, and Offer For Sale (OFS) rules. A consultation paper detailing these proposed revisions is slated for release next week, providing a clear timeline for the industry.Proposed Shifts in SME Listing Thresholds and Criteria The pending proposal introduces a new market...

Milky Mist IPO Allotment Expected Today; Stock Commands 19% Premium Ahead of Listing Temasek-backed Milky Mist Dairy Food is set to finalize the basis for allotment of its Rs 1,553-crore initial public offering today, August 14. The issue generated significant interest during its three-day bidding period, with strong demand noted across all investor categories.The IPO was subscribed at 56.12 times by the close of bidding on August 13, according to data from the National Stock Exchange (NSE). Qualified Institutional Buyers (QIBs) led the surge in interest, subscribing the issue 155.83 times. Retail Individual Investors (RIIs) showed robust support, securing the offering at 8.40 times.Milky Mist IPO: Demand Analysis and Market...

Sensex Plummets, Nifty Slips Amid Escalating Geopolitical Tensions in Middle East The Indian equity markets saw a subdued session on Friday, with both key benchmarks sliding further due to persistent geopolitical concerns. Investors remained in a clear risk-off mood as escalating tensions in the Middle East weighed heavily on market sentiment.At one morning reading, the Sensex stood at 77,790.74, declining by 289.22 points or 0.37 percent. The Nifty also dipped, closing at 24,316.85, down 79 points or 0.32 percent. This decline extends the downward trend observed in both indices throughout the week.Geopolitical Concerns Fuel Market Decline The primary driver behind the market downturn remains escalating tensions stemming from the...

Aurobindo Pharma Subsidiary Unit Receives US FDA Warning Letter; Impact on Revenue Declared at 2% Aurobindo Pharma Limited has reported that its subsidiary, Eugia Pharma Specialities Ltd., received a Warning Letter from the U.S. Food and Drug Administration (US FDA). This follows previous regulatory action against the company's formulation manufacturing facility.The facility in question, Unit-I of Eugia Pharma Specialities Ltd., is a wholly owned unit of Aurobindo. The Warning Letter was issued after the unit had previously received Official Action Indicated (OAI) status from the US FDA.According to the company’s statement, Unit I contributes approximately 2% to the Group's overall revenue. Management has assured stakeholders that...

Escorts Kubota Launches MU4502 and MU5002 Tractors with Industry-First 8 Year Transferable Warranty Faridabad, 14, 2026: Escorts Kubota Limited has introduced two new premium utility tractor models—the Kubota MU4502 (45 HP) and the Kubota MU5002 (50 HP). These additions significantly strengthen the company's portfolio in the 41-50 HP category, a segment identified as one of the fastest-growing in the Indian tractor market. Reflecting high confidence in the durability and quality of these products, both models come equipped with an industry-first 8 Year Transferable Warranty.The new tractors are built around the proven Kubota KQP4 Japanese engine and feature an advanced 12F + 4R Multi-Speed Synchromesh Gearbox. This gearbox is designed...

Skyways Air Sets Price Band for Rs 582.8 Crore IPO; Logistics Giant Aims to De-leverage and Fuel Growth Skyways Air Services Ltd., a prominent player in India's air freight forwarding and logistics sector, has officially set the price band for its upcoming Initial Public Offering (IPO). The company is positioning this offering as a critical step to solidify its financial structure, reduce existing debt burdens, and fund rapid business expansion.The IPO is scheduled to open on August 24, 2026, and close to subscription on August 27, 2026. With a total issue size of Rs 582.8 crore, the offering aims to provide necessary capital for its continued growth trajectory in the competitive logistics market.Key Details of Skyways Air IPO The...

Behari Lal Engineering IPO Surges to 28% Premium as Investor Interest Skyrockets Ahead of Listing Day The initial public offering (IPO) of Behari Lal Engineering has reached its final day, fueled by significant investor enthusiasm. The company's Rs 302-crore issue is currently trading at a commanding 28% premium in the grey market. This strong sentiment points towards high expectations for the listing of this iron and steel manufacturing entity.Subscription Status and Grey Market Buzz The IPO has garnered robust interest across all investor segments. On Day 2 alone, the issue was subscribed 7.78 times, targeting the 74.12 lakh shares available on offer. Retail Individual Investors (RIIs) showed particularly high enthusiasm, with bids...