Vedanta Ltd. reported a resilient set of earnings in its first quarterly results since completing its demerger, with stronger operating profitability and improved margins helping offset a marginal decline in revenue. The performance reflected healthy execution across its diversified metals and mining portfolio, while continued debt reduction added to investor confidence. Profit for the June…
Hyundai Motor India reported a 35.1% year-on-year decline in consolidated net profit for the quarter ended June 30, 2026, as revenue remained largely flat and operating profitability weakened during the period. Consolidated profit after tax (PAT) came in at ₹888.6 crore in the first quarter of financial year 2027, compared with ₹1,369.2 crore in the…
The Indian rupee snapped its four-session winning streak to settle marginally lower against the US dollar on Thursday, as markets digested the US Federal Reserve’s policy decision and tracked movements in crude oil prices. The domestic currency closed at 95.68 per US dollar, compared with 95.65 in the previous session, down 0.03% or 0.0325 paise,…
The initial public offering (IPO) of Manipal Health Enterprises will close for subscription on Friday, July 31. The ₹9,275-crore issue, which opened for bidding on July 29, witnessed a muted response through the second day. As of 5 pm on July 30, the IPO had been subscribed 45% overall. The public issue received bids for…
Three defence stocks are expected to remain in focus on Friday, July 31, after a strong quarterly earnings performance by Mazagon Dock Shipbuilders and fresh order wins announced by Garden Reach Shipbuilders & Engineers (GRSE) and Astra Microwave Products. Mazagon Dock Shipbuilders Mazagon Dock Shipbuilders reported a steady start to FY27, with the June quarter…
Foreign Portfolio Investors (FPIs) reversed their selling streak in July, turning net buyers of Indian equities with cumulative purchases worth ₹20,199 crore. Of this, ₹6,731 crore came through stock exchanges, while ₹13,467 crore flowed in via the “primary market and others” category. Debt inflows also rose sharply, with ₹29,211 crore entering through the “General Limit”…
SK Hynix and Samsung Electronics experienced significant gains on Friday, mirroring the sharp rise in U.S. technology stocks. This uptick came after Amazon and Microsoft posted impressive earnings, renewing optimism for investment in artificial intelligence. SK Hynix saw its shares climb over 25%, nearing a record-breaking day if the gains persist. Samsung also saw a…
Shares of Mahindra & Mahindra Ltd. (M&M) will continue to remain in focus on Friday, August 1, after brokerages largely maintained a positive stance following the automaker’s June quarter earnings, which were broadly in line with Street expectations. Global brokerage CLSA upgraded the stock to ‘High Conviction Outperform’ and raised its target price to ₹4,588…
Upcoming IPO: The primary market is going to remain quite busy next week from 3 August to 9 August 2026. During this period, two new mainboard IPOs will open for investors. Meanwhile, some previously opened IPOs will close, and the market will also keep an eye on their allotment and listing. In addition, several new…
Shares of Microsoft Corp. were a part of history on Thursday, July 30, after adding nearly half a trillion dollars to its market cap, the most that any stock has added in a single session, on record. Microsoft shares rallied 15% overnight in response to its quarterly results, marking their best single-day gain since October…
