Page 5 - Markets News

GCPL rises 4%; JM Financial ups target on strong Q1 update, sees 17% upside

JM Financial has maintained a 'Buy' rating on GCPL after a strong Q1 business update. The brokerage has raised its target to ₹1,250, implying an upside of 17% from the previous close of ₹1,076.90.

Stocks to Watch today: HDFC Bank, Coal India, Tata Steel, Sobha, BoB, Nykaa

Stocks to watch today: HDFC Bank, Coal India, Tata Steel, Sobha Ltd, Bank of Baroda, Radico Khaitan, Senco Gold, Fortis Healthcare, IndusInd Bank, Dabur, among others, will be in focus today.

Laser Power & Infra's ₹742 crore IPO to open for subscription on July 9

Kolkata-based Laser Power & Infra Ltd (LPIL), an integrated manufacturer of power cables, conductors and specialised products for the power transmission and distribution industry, will launch its Rs 742 crore initial public offering (IPO) on July 9. The issue will close on July 13, according to its red herring prospectus. The IPO comprises a fresh issue of equity shares worth Rs 542 crore and an offer for sale (OFS) of shares aggregating up to Rs 200 crore by promoter selling shareholders, according to filings. Net proceeds from the fresh issue will be utilised towards repayment or prepayment of borrowings amounting to Rs 490 crore and for general corporate purposes. LPIL operates three manufacturing units in West Bengal with a combined installed capacity of 85,448 MT. The company reported revenue of Rs 2,326 crore and net profit of Rs 151 crore in FY26. Its order book stood at Rs 3,243 crore as of March 31, 2026. The firm, which also has an EPC division, is a licensed stranding .

Stock Market Close: Sensex rises 262 pts, Nifty ends at 24,271; realty, IT, pharma shares shine

Sensex Today | Stock Market Highlights, Thursday: In the broader markets, the Nifty MidCap fell 0.19 per cent, and the Nifty SmallCap rose 0.04 per cent

BLS E-Services jumps 8% to hit 52-week high on ₹157 cr Atyati acquisition

BLS E-Services, a subsidiary of BLS International, has announced the acquisition of a 100 per cent stake in Bengaluru-based Atyati Technologies.

India VIX falls 5% on Fri to pre- West Asia war levels; down 60% from high

India VIX dropped to a 4-month low as fears of the geopolitical tensions between the US and Iran subsided leading to a rebound in global and Indian stock markets, says Sudeep Shah of SBI Securities.

Trent extends gain to 5th day; Bernstein 'OW', sees Westside driving growth

Bernstein said that while Zudio has dominated Trent's growth narrative over 5 years, Westside still accounts for about 40 per cent of the company's retail area and revenue.

Metal stocks gain up to 4%; Systematix backs Jindal Steel, Jindal Stainless

Systematix said that it remains structurally positive on long-term growth outlook for India's integrated steel sector. The brokerage has initiated coverage on Jindal Steel & Jindal Stainless with Buy.

Bajaj Housing Finance up 6% on strong Q1 business update; should you buy?

For the June quarter, Bajaj Housing Finance's gross disbursement stood at ₹19,500 crore versus ₹14,651 crore in Q1FY26 and ₹17,506 crore in Q4FY26.

Cement makers' gains hinge on higher volumes, lower fuel costs in H2FY27

Cement makers face surplus capacity and elevated costs, with stronger demand and lower fuel prices expected to drive earnings and valuations in the second half of FY27

Bank of Baroda falls 4% on NMC Health litigation settlement for ₹5,700 cr

Bak of Baroda has announced an out-of-court settlement with in the NMC Health litigation for $600 million (₹5,700 crore).

Vedanta Aluminium up 4% after Emkay starts coverage with Buy; eyes 22% gain

Vedanta Aluminium share price target: Vedanta Aluminium was one of the four companies that demerged from Vedanta Ltd and was listed as a separate entity.

TVS Motor shares gain 4% as June sales jump 47%; Q1 volumes hit record

TVS Motor share price today: TVS Motor has reported a 47 per cent Y-o-Y increase in total sales to 590,003 units in June 2026, compared with 402,001 units in the same month last year.

Goodyear, CEAT, other tyre stocks rally 7% on softer crude; check top picks

Notably, around 70 per cent of tyre production costs come from crude-linked raw materials like synthetic rubber and carbon black, which makes the industry highly sensitive to oil prices.

H2 CY2026: Six key events likely to shape market's trajectory

Experts said that monsoon outcome will be a key event/risk as a weak monsoon can raise food prices and hurt rural demand. This could have an impact on sectors like FMCG, auto, and fertilisers.

Banks, defence, pharma among analysts' top 6 sectoral bets for H2 CY2026

Sectors to watch: As markets enter H2CY2026, analysts expect banks, defence, pharma, power, hotels and auto ancillaries to remain in focus.

Management churn in banks: Business as usual, or should you be worried?

Kotak Institutional Equities said that the recent management changes at HDFC Bank, Axis Bank and Bandhan Bank appear to be driven by individual career considerations rather than bank-specific concerns

Bharti Airtel: Tariff hike key trigger; Morgan Stanley 'OW' for 34% upside

Airtel share price target: Morgan Stanley said the key catalyst for stronger earnings remains a tariff hike, which may be announced in November or December this year.

Sensex in July: 23-year history suggests index can deliver a solid return

July has also been traditionally good for foreign inflows, which aided market performance. According to data compiled from the NSDL, FPIs have been net buyers of Indian stocks in 9 out of 12 years.

FMCG stocks in demand: Nifty FMCG index up 1.7%; Nestle India, GCPL lead

Aamar Deo Singh of Angel One said that it is still early to turn decisively bullish on FMCG and that "investors should wait for the monsoon outcome and further confirmation of a sustained recovery."