The Smart Investor News

At 01:59 PM on Friday, the Nifty Midcap 100 and Nifty Smallcap 100 indices were down 0.6 per cent each, as against 0.7 per cent rise in the Nifty 50 index.

According to NSE data, several institutional investors bought shares of Laser Power & Infra through open-market transactions after its listing on Thursday.

However, despite recovery from lows, the Nifty IT index underperformed the market by falling 22 per cent, as against a 7.2 per cent decline in the Nifty 50 thus far in CY2026.

Polycab India traded with a loss of 4% on Friday despite reported upbeat Q1 earnings. Analysts at JM Financial maintain a 'Buy', while Equirus assign an 'Add' rating on the stock.

Brokerages said that TechM's Q1 revenue and margins exceeded estimates, and strong deal TCV provides strong revenue visibility.

Jio Financial share price remains 16.44 per cent lower for the year so far - set for its worst annual performance since listing in 2023, shows data.

Thus far in the calendar year 2026, RIL underperformed the market by falling 16 per cent, as compared to 8.7 per cent decline in the BSE Sensex.

Ceat stock plunged to a low of ₹3,471 on the NSE after the company's consolidated net profit dropped by 96.4 per cent to ₹4 crore owing to forex losses.

Analysts at ICICI Securities have a 'Buy' rating on BHEL stock with a fair value of ₹575 as they expect revenue and PAT to grow at a CAGR of 30.5 per cent and 90 per cent over FY26-FY28E.

Wipro's net profit in the first quarter rose less than a per cent to ₹3,325 crore, compared to a year earlier even as revenue rose 10.6 per cent to ₹24,480 crore.

Unimech Aerospace stock hit a 52-week high at ₹1,308, and has bounced back 88 per cent from its 52-week low of ₹695.05 hit on March 30, 2026.

Thus far in the calendar year 2026, ABB India has outperformed the market by surging 53 per cent, as compared to 9 per cent decline in the BSE Sensex.

Biocon received approval from the European Medicines Agency (EMA) for a new drug product fill finish line for Semglee (insulin glargine) at its insulin manufacturing facility in Malaysia.

As per NSE data, MRPL shares have outperformed the Nifty 50 index over the past year, having gained 19.24 per cent.

Share price of Emmvee Photovoltaic Power hit a new high of ₹371.45, surging 10% in Thursday's intra-day deals after reporting over 100% growth in Q1 net profit.

HDFC AMC has reported 12% Y-o-Y growth in consolidated PAT at ₹837.13 crore for Q1. Its revenue from operations grew by 13.6% Y-o-Y to ₹1,099.72 crore, while AUM stood at ₹9.35 trillion.

ICICI Lombard General Insurance Company's share price crashed 15 per cent after sharp decline in profit and increased COR.

HDFC Life Insurance shares fell despite reporting a strong June quarter, with net profit rising 12 per cent year-on-year and premium income growing 14 per cent.

Laser Power share price: Shivani Nyati of Swastika Investmart has advised existing shareholders to stay invested for the medium to long term, while suggesting fresh accumulation on dips.

Looking beyond the Q1, analysts expect domestic cement demand to grow at a healthy 6-8 per cent CAGR over FY27-FY29, driven by sustained public infra investments and housing demand.