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InCred Equities has identified six midcap stock picks across sectors. (AI Generated Image) Despite a volatile 2026 marked by persistent foreign institutional investor (FII) selling and inflation concerns stemming from the West Asia crisis, InCred Equities has identified selective opportunities in the midcap segment. In its latest report, the brokerage has shortlisted six midcap stocks…

In dollar terms, the picture was more subdued. LTIMindtree reported dollar revenue of $1,233.5 million, marginally higher than the previous quarter’s $1,222 million, representing near-flat sequential growth. Constant currency growth on a quarter-on-quarter basis came in at just 0.3 percent, reflecting the broader sluggishness in discretionary IT spending that has characterised the sector through much…

Asian shares gained after three days following a rally in chipmakers. Oil prices extended their gains as well after the US said it attacked Iran for the second consecutive day. South Korea’s Kospi index and Japan’s Nikkei were up around 2% each. The MSCI Asia Pacific Index was up 0.5%. The chip sector remained in…

Oil prices extended their gains as the US attacked targets in Iran for the second consecutive day. Brent was up 1.4% above $79 a barrel after jumping over 5% the previous day. Meanwhile, West Texas Intermediate was close to $74 a barrel. US forces started additional strikes to degrade Iran’s ability to threaten freedom of…

The ₹742-crore initial public offering (IPO) of Kolkata-based power cables and conductors manufacturer Laser Power & Infra opens for subscription on Thursday, July 9. Ahead of the issue launch, the company raised ₹222.6 crore from anchor investors on July 8. The company allotted 1.04 crore equity shares to 15 anchor investors at the upper end…

LTM (formerly LTIMindtree) reported a steady performance for the June quarter, with operating margins comfortably beating Street estimates even as revenue growth remained muted amid a mixed demand environment. For the quarter ended June 2026, consolidated revenue rose 2.8% sequentially to ₹11,608 crore from ₹11,291.7 crore. In dollar terms, revenue was broadly flat at $1.22…

The proposed SBI Funds Management IPO is set to deliver a sizeable return for French asset manager Amundi, which is expected to realise nearly ₹4,400 crore by partially selling a stake it acquired around 15 years ago for just ₹173.9 crore. Under the proposed public issue, Amundi India Holding will offload 7.53 crore equity shares,…

The Indian rupee paused its recent recovery on Thursday (July 9), opening almost unchanged at 95.55 against the US dollar, compared with Wednesday’s (July 8’s) close of 95.56, as renewed geopolitical tensions in the West Asia pushed crude oil prices higher and weighed on investor sentiment. The local currency had staged a recovery in recent…

Shares of Indus Towers Ltd. will be in focus on Thursday, July 9, after brokerage firm Nomura reiterated its ‘Buy’ rating on the stock and maintained a price target of ₹505 per share. The target implies an upside of nearly 30% from Wednesday’s closing price of ₹390. Indus Towers has corrected sharply in recent months…

Shares of Dr Reddy’s Laboratories, Cipla and Mankind Pharma are trading mixed on Thursday, July 9, as global brokerage firm Jefferies has mixed views on the stock. Jefferies has a bearish view on Dr Reddy’s and Cipla while it has a bullish view on Mankind Pharma. The same has been strongly debated its said. The…