Page 2 - Markets News

Hindalco snaps 6-day winning streak post Novelis Q1; Emkay sees 11% upside

Post Novelis' earnings, Emkay Research has maintained its 'Add' rating on Hindalco Industries with a target price of ₹1,150.

Juniper Green Energy shares list at 9% premium; is it a buy?

Juniper Green Energy share price: The listing of Juniper Green Energy shares was in line with grey market activity, which signalled a listing gain of 6 to 8 per cent for IPO investors.

Closing auction session gap narrows, but stock market worries remain

The gap between the Sensex and Nifty narrowed for a third straight session after the Closing Auction Session rollout, though market participants say structural concerns remain.

LIC OFS ends with retail portion undersubscribed, institutions drive demand

Retail investors bid for only 69% of the shares reserved for them, even as institutional interest prompted the government to increase the offer size

BSE urges brokers to widen participation in closing auction session

The exchange has asked brokers to promote investor participation, display indicative equilibrium prices and strengthen order-routing tools to improve price discovery under the new closing auction fram

Stock Market Close: Sensex gains 152 pts, Nifty settles at 24,624 as RBI maintains status quo

Sensex Today | Stock Market LIVE Updates Wednesday: The GIFT Nifty signalled a gap-up open for the benchmark Nifty50 index. Markets in the Asia-Pacific region were trading higher

Ola Electric up 11% after Axis Energy pact; zooms 91% from March low

Ola Electric Mobility said that it has signed a Memorandum of Understanding (MoU) with Axis Energy outlining the potential deployment of up to 20 GWh of battery energy storage systems by 2032.

Rupee gains post RBI policy; analysts say may rise to 90/$ by year-end

Analysts expect the rupee to improve further and may move back towards 90 by the end of this year, supported by several reasons, including a drop in oil prices and FIIs showing positive signs.

Manipal Health lists at 11% premium, beats GMP estimates; should you buy?

Manipal Health Enterprises share price: On Dalal Street, Manipal Health Enterprises will directly compete with major listed hospital peers like Apollo Hospitals, Max Healthcare, and Fortis Healthcare.

Ardee Industries raises ₹128 cr from anchor investors ahead of IPO

Ardee Industries Ltd, a leading firm in secondary metals and circular economy sectors, on Tuesday raised Rs 128 crore from anchor investors ahead of its IPO, which will open for subscription on Wednesday. The company allotted 2.41 crore equity shares to anchor investors at Rs 53 apiece, the upper end of the initial public offering (IPO) price band, according to a circular uploaded on the BSE website. The anchor book saw participation from Bank of India Mutual Fund, Ashish Kacholia-led Bengal Finance & Investment Pvt Ltd, Rohit Kothari-led Winro Commercial (India) Ltd, The Wealth Company Alternates Trust, India Max Investment Fund Ltd, Cognizant Capital Dynamic Opportunities Fund, IMAP India Capital Investment Trust and Catalyst New India Fund. The company's IPO will open on August 5 and conclude on August 7. The price band has been fixed at Rs 50-53 per equity share for the issue, valuing the company at Rs 1,671 crore. Last week, Ardee Industries completed a pre-IPO secondary ...

BSE Q1 net profit jumps 62% to ₹873 crore on strong revenue growth

Leading stock exchange BSE Ltd on Tuesday reported a 62 per cent jump in consolidated net profit to Rs 872.66 crore for the quarter ended June 2026, driven by strong revenue growth. The exchange had posted a net profit of Rs 538 crore in the same quarter of the preceding fiscal. BSE's total income surged 63 per cent to Rs 1,706.72 crore in the June quarter from Rs 1,044.45 crore in the year-ago period, according to a regulatory filing to the NSE. On a sequential basis, net profit increased nearly 10 per cent from Rs 795.47 crore in the March 2026 quarter, while total income rose from Rs 1,630 crore. The exchange's total expenses climbed to Rs 536.69 crore in the June quarter from Rs 359.34 crore a year ago. Among key expenses, regulatory contribution stood at Rs 192.78 crore, clearing and settlement expenses at Rs 90.28 crore, employee benefit expenses at Rs 87.05 crore and technology costs at Rs 60.82 crore.

LIC's OFS oversubscribed 3.32 times; govt uses 4% greenshoe option

Shares tumbled nearly 9% on Tuesday even as bids worth over Rs 36k cr recd; settle at an over two-month low

Institutional investors oversubscribe LIC OFS, put in ₹36,400 cr bids

Institutional investors on Tuesday over-subscribed the government's 6.5 per cent share sale offer in Life Insurance Corporation (LIC) by putting in bids worth Rs 36,400 crore. Four years after the initial public offering (IPO), which had fetched Rs 21,000 crore, the government has launched LIC's offer for sale (OFS) whose size compares with the upcoming mega IPO offerings of the NSE and Reliance Jio Platforms. Through the two-day OFS, the government is selling up to 6.5 per cent stake or over 82.22 crore in the country's largest insurer LIC at a floor price of Rs 382/share. The issue comprises a base offer size of 2.5 per cent, with a green shoe option of 4 per cent. The issue will open for retail investors on Wednesday. Institutional investors put in bids for over 94.45 crore shares, at an indicative price of Rs 383.84/share. The bids are valued at Rs 36,400 crore at the indicative price bid. Shares of LIC slid 7.86 per cent to close at Rs 391 on the BSE. Its market capitalisati

Morepen Labs spurts 20% to hit new 52-week high as Q1 profit zooms 394%

Morepen Laboratories today announced that its PAT surged by 394 per cent Y-o-Y to ₹56.35 crore in the June quarter, supported by better operating leverage and improved performance on API front.

Will Manipal Health IPO investors see listing pop? Here's what GMP signals

Manipal Health IPO GMP today: Ahead of the listing, Manipal Health's unlisted shares are trading at no premium in the grey market. It means Manipal Health IPO investors may not see listing gains.

Godfrey Phillips vs ITC vs VST: Should you buy cigarette stocks after Q1?

Over the past five sessions, Godfrey Phillips shares have surged more than 16 per cent, while VST Industries shares have gained 2 per cent. ITC, however, has remained unchanged.

Q1 beat drives KEI Industries shares 7% higher; JM Fin sees 15% upside

For Q1FY27, KEI Industries' PAT grew by 40.05 per cent Y-o-Y to ₹274 crore, compared with ₹196 crore reported in the same quarter a year ago.

Stock Market Close: Sensex ends 544 pts up; Nifty jumps to 391 post new closing auction session

Sensex Today | Stock Market Highlights, Monday: In the broader markets, both the Nifty MidCap and the Nifty SmallCap settled 1.21 per cent and 1.29 per cent higher, respectively

MobiKwik share price jumps 8% as fintech swings to profit in Q1FY27

In an exchange filing, MobiKwik said that it has posted a net profit of ₹7.6 crore in Q1, compared with a net loss of ₹419.2 crore in the year-ago period.

Bharti Airtel Q1 preview: Analysts see 15% revenue growth; ARPU may rise 2%

Bharti Airtel Q1 preview: For Q1FY27, brokerages anticipate Bharti Airtel to report healthy revenue and profit growth, driven by steady subscriber additions, improving ARPU and a resilient Africa busi