Markets

Leela Jumps Over 4% as Nomura Backs Hospitality Stocks Ahead of Q1 Earnings Wave Hotel stocks saw a positive trading session on Monday, July 6, following a bullish projection from Nomura on the Indian hospitality sector for June. The brokerage highlighted domestic demand resilience despite international travel challenges, making several luxury players stand out.Leela Palaces Hotels & Resorts surged to Rs 495.55, marking a gain of 4.17%. Indian Hotels and ITC Hotels also traded higher on the NSE, with the latter gaining 0.40% to reach Rs 179.33, and Indian Hotels increasing by 0.72% to Rs 733.85.Nomura’s View: Domestic Demand Drives Hospitality Sector Rally Nomura noted that domestic demand across hotels proved fairly resilient. This...

Bank Giants Diverge on Q1 Updates: HDFC and Axis Banks Surge as Kotak Mahindra Posts Moderation The banking sector witnessed mixed sentiment trading after major private lenders released their business updates for the April-June quarter. Shares of HDFC Bank and Axis Bank saw significant rises, driven by strong growth in advances and deposits. Conversely, Kotak Mahindra Bank’s stock fell sharply as it reported a sequential moderation across loan and deposit growth metrics.Growth Trajectory: Strong Performance from HDFC Bank and Axis Bank HDFC Bank, India's largest private lender, reported robust Q1 results. Gross advances grew 15.4% year-on-year, reaching ₹30.6 lakh crore as of June 30. Total deposits for the quarter climbed 14.7% to...

Sandu Pharmaceuticals Board Meeting Scheduled Following Demise of Managing Director Sandu Pharmaceuticals Ltd has scheduled a Board meeting to address significant changes in its senior management following the demise of Shri Umesh B. Sandu, the company's erstwhile Managing Director.The Board of Directors is set to meet on Saturday, July 11, 2026, at the Company's Corporate Office located in Mumbai. The primary purpose of the meeting is to place on record the death of Shri Umesh B. Sandu, who passed away on June 19, 2026. The Board will also formally recognize and appreciate his invaluable contribution to Sandu Pharmaceuticals Ltd.Key items for discussion at the board meeting include the appointment of a new Managing Director of the...

Auto Sector Surges: Nifty Index Rockets as June Sales Jump Significantly, Fueling Rally Led by TVS and Bajaj The Nifty Auto index climbed 1.1 percent on Monday, emerging among the strongest sectoral gainers. The rally was ignited by robust auto sales data released by the Federation of Automobile Dealers Associations (FADA) for the month of June. Investors aggressively bought into auto and ancillary stocks following these highly upbeat sales numbers.Auto Sales Skyrocket: Key Figures from FADA Data The overall vehicle sales saw a substantial increase of 21.8 percent year-on-year, hitting 2.6 million units in June. This figure represents the highest recorded sales volume for the industry in that month. Strong consumer demand across both...

Vikram Solar Commissions New Mega-Facility in Tamil Nadu; Focus on Domestic Integration and Future Capacity Build Vikram Solar Limited, a prominent player in India's solar PV module manufacturing sector, has successfully commissioned its new mega-facility located in Gangaikondan, Tamil Nadu. The formal commissioning marks the successful production of the company’s first solar module from the state-of-the-art facility.The Gangaikondan greenfield module manufacturing plant spans 6 lakh sq ft and is designed as a next-generation smart factory. It integrates advanced automation with digital manufacturing technologies to ensure high efficiency, quality, and reliability throughout the production process. The facility aims to generate...

FMCG Stocks Surge as Domestic Resilience Meets Global Expansion in Q1 FY27 Results The Fast-Moving Consumer Goods (FMCG) sector reported significantly improved growth prints across both Indian domestic markets and international operations during the first quarter of FY27. This dual performance signals a robust health check for the industry, providing a stable foundation that is currently attracting investor attention. The consolidated outlook for FMCG remains steady as companies leverage strengthening overseas sales alongside consolidating home market gains.Domestic Resilience Fuels FMCG Q1 Surge The Indian market continues to be a bedrock of strength for consumer goods giants. Q1 FY27 results indicate marked improvements in domestic...

Vikram Kamats Hospitality Launches 'Urban Dhaba' in Mumbai, Marking Major Expansion Milestone Vikram Kamats Hospitality Ltd, formerly known as Vidli Restaurants Limited, has commenced commercial operations for its new premium restaurant outlet, 'Urban Dhaba' (Urban Bar). The launch represents a key element of the company's ongoing expansion strategy.The new establishment is located at Shop 5-8 in Tapovan Co-operative Housing Society Ltd., Near Nahur Station in Bhandup West, Mumbai. The operational commencement date for the outlet was July 6, 2026.The 'Urban Dhaba' outlet has been designated as a premium dining location and is designed to provide an elevated customer experience. Key details regarding the new facility include...

Asian Paints Announces Board Meeting and Investor Conference for Q2 2026 Results Asian Paints Ltd has announced that a meeting of its Board of Directors will be held on Wednesday, July 29, 2026. The meeting is scheduled to consider the financial outcomes of the company for the quarter ended June 30, 2026.The agenda items for the board include the approval of the audited standalone financial results and the unaudited consolidated financial results for the same period.In addition to the Board review, Asian Paints has scheduled an investor conference on Wednesday, July 29, 2026. During this event, management will brief investors regarding the company’s performance during the quarter that ended June 30, 2026. Further details concerning...

Tirupati Finlease Ltd to Hold Board Meeting to Review Q1 Financials and Approve AGM Plans Tirupati Finlease Ltd has scheduled a meeting of its Board of Directors to consider several key corporate matters, including the review of unaudited financial results for the quarter ended on June 30, 2026. The board meeting is set for Saturday, July 11, 2026, at the company's Registered Office.The primary business scheduled includes taking on record the unaudited Financial Results and the Limited Review Report pertaining to the first quarter of the financial year.A significant portion of the agenda focuses on preparations for the forthcoming Annual General Meeting (AGM). The board is set to review and approve all necessary documentation...

Eleganz Interiors Reports 40% Revenue Growth in Q1 FY27; Order Book Stands at ₹621 Crore Eleganz Interiors Limited has reported strong operational performance for the first quarter of fiscal year 2027, with its provisional revenue showing significant year-on-year growth. The company also noted a robust order book, indicating sustained demand across various sectors.The financial performance reflects substantial expansion in booked revenue and continued client trust. Provisional sales for Q1 FY27 stood at ₹74.26 Crore, marking a 40.37% increase compared to the corresponding period of Q1 FY26, when the revenue booked was ₹52.90 Crore.The company maintains a substantial balance order book, providing strong revenue visibility for the...

Diamond Power Surges 10% on Major Data Center Order Win; Bank Sector Mixed as Players Post Q1 Results Several focused corporate announcements and major order wins are driving stock-specific action amid a volatile market environment. Investors are expected to closely track key companies that have announced significant regulatory milestones or large business expansions this quarter.Diamond Power Rockets After Securing Key Data Center Cable Order Diamond Power Infrastructure experienced a significant surge, climbing 10 percent following a major corporate order win. The company secured an order valued at Rs 435.71 crore to supply HT and LT power cables. This critical contract is for the 310 MW HYD22-HYD26 Data Center Projects in...

Lupin Named Among World's Most Sustainable Companies by TIME and Statista Global pharmaceutical major Lupin Limited has been included in TIME and Statista's World's Most Sustainable Companies 2026 list, reflecting the company's progress in environmental stewardship, responsible business practices, strong governance, and positive social impact.The recognition comes as part of a comprehensive assessment that evaluated companies across more than 20 sustainability indicators, covering aspects like reporting transparency, environmental performance, and sustainability commitments. Lupin was ranked 318th out of 750 selected companies from over 5,000 of the world's largest organizations. The company is noted as one of 16 Indian companies...

Quadrant Televentures Schedules 12th Meeting of Committee of Creditors Quadrant Televentures Limited has scheduled the 12th meeting of its Committee of Creditors (CoC). The company, which is operating under the Corporate Insolvency Resolution Process (CIRP), set the date for this crucial gathering.The 12th meeting of the CoC is scheduled to be held on Tuesday, July 7, 2026.This scheduling follows the company's admission to CIRP, a status that commenced after an order was passed by the National Company Law Tribunal (NCLT) dated September 2, 2025.Stock Price Movement As of 10:12, Quadrant Televentures Ltd. is ticking down after dropping by 2.63%, with shares currently trading at ₹0.37.The stock has been tested through a tight...

Defence Stocks Surge as DAC Approves ₹52,000 Crore in Indigenous Weapon System Acquisitions Defence stocks saw a significant rally in early trading on Monday, July 6, following the Defence Acquisition Council's (DAC) clearance of capital acquisition proposals amounting to approximately Rs 52,000 crore. This crucial approval has dramatically lifted sentiment across the Indian defence manufacturing sector.At around 9:45 am, Paras Defence and Space Technologies jumped 4.68% reaching Rs 1,354.60. Bharat Electronics (BEL) rose 2.14% to Rs 427, while Mazagon Dock Shipbuilders gained 1.08%, trading at Rs 2,571. Hindustan Aeronautics (HAL) advanced by 0.82% to Rs 4,465.10. The broader Nifty India Defence index climbed 1.35%, settling at...

Kaycee Industries Ltd to Hold Board Meeting to Approve Q1 Un-Audited Financial Results Kaycee Industries Ltd has scheduled a meeting of its Board of Directors to review and approve the company's financial results for the quarter ending June 30, 2026.The next Board meeting is set to take place on Wednesday, August 05, 2026. The primary purpose of this session will be to consider and formally approve the Un-Audited Standalone and Consolidated Financial Results for the Quarter ended June 30, 2026.In addition to the board meeting details, the company has announced stipulations regarding its trading window. Trading in the equity shares of Kaycee Industries Ltd will remain closed for all designated persons and their immediate relatives...

Laser Power Infra Fixes ₹742 Crore IPO Price Band at ₹203-₹214 as Cables Company Aims for Market Listing Kolkata based Laser Power and Infra has officially set the price band for its maiden public issue. The manufacturer of power cables and conductors has pegged the offer between Rs 203 and Rs 214 per share. This IPO is structured to raise a total of ₹742 crore, positioning the company at an upper valuation of Rs 3,003.8 crore.The public subscription for Laser Power’s offering is slated to begin on July 9 and conclude by July 13. A dedicated anchor book opening has been scheduled for July 8. The initial public offering encompasses a fresh issue amounting to Rs 542 crore, complemented by an offer for sale (OFS) of shares worth Rs 200...

Divyadhan Approves Allotment of 36 Lakh Preferential Warrants to Identified Allottees Divyadhan Recycling Industries Limited announced that its Board of Directors has approved the preferential allotment of 3,680,000 warrants convertible into equity shares. The allotment was made to various identified allottees upon receipt of subscription payments.The decision by the Board of Directors concerned the issuance of these preferential warrants, which can be converted into an equivalent number of equity shares in the company. The action was taken following a meeting held on July 6, 2026.A total of 3,680,000 preferential warrants were allotted to eight identified allottees based on a preferential basis. These allotments were executed after...

Indian Bonds Rally as Yield Drops Near 15-Week Low Amid Foreign Inflows Benchmark Bond Yield Declines, Reaching Levels Nearing a 15-Week Low Indian government bonds saw a positive movement on July 6th, opening one basis point higher. The benchmark 10-year bond yield settled at 6.7070 percent in the current session, marking a notable improvement from the previous trading session’s 6.7108 percent. These yields are now situated near a 15-week low.This move comes as Indian bonds experienced declines last week, accumulating losses of six basis points (bps). This downward trend signifies more than 30 bps in total losses over the past six weeks for the bond segment.Analysts Pinpoint Drivers Behind Bond Market Strength The decline in bond...

Aastha Spintex IPO Lands at Discount, Capping First Day Trading Despite Successful Subscription Aastha Spintex shares made a subdued market debut on Monday after listing at a discount from its initial public offering (IPO) price. The issue, which had been open for subscription in the primary market between June 29 and July 1, was eventually subscribed by investors.The company successfully raised ₹170 crore through the IPO. Listing details show that Aastha Spintex shares were priced at Rs 130 per share on both the NSE and BSE. This trading price reflected a discount of 4.41 percent from the initial offer structure. The IPO carried a defined price band ranging from Rs 125 to Rs 136 per share.Listing Performance and Market Valuation...

Momentum Surge: Diamond Power Rockets Higher as Select Stocks Breach All-Time Highs On July 6, the stock market witnessed a clear bifurcation in momentum, with select companies registering powerful technical breakouts while others faced downward pressure. In an environment short of fresh macro triggers, strong buying interest and sustained price action drove several stocks significantly higher.Momentum Stocks Rally Above Key Moving Averages Several stocks showcased remarkable upward trends, trading strongly above their critical short- to medium-term moving averages. Diamond Power Infrastructure surged 8.66%, hitting Rs 218.53. The stock demonstrated robust buying interest across all timeframes, positioning itself significantly above...