Shares of Indian Bank surged as much as 9% on Friday, July 10, after the public sector lender reported a strong set of earnings for the June quarter. For the quarter ended June 2026 (Q1FY27), the bank reported a 10% year-on-year rise in net profit to ₹3,273 crore, compared with ₹2,973 crore in the corresponding…
Mutual funds have turned more selective in India’s IPO market, participating in only 19 of the 28 public issues in the first half of 2026, according to Prime Database. Despite bidding less, their stock selection has outperformed. Ten of the 11 IPOs led by mutual funds are trading above their issue price, with Omnitech Engineering…
Daksh Grover is a journalist who enjoys exploring the world of business and finance, with a particular focus on markets, commodities, and corporate developments. Over the past few years, Daksh has worked in fast-paced newsroom environments where accuracy and speed go hand-in-hand. Whether it’s breaking updates, market trends, or in-depth analytical pieces, he has gained…
Namit Singh Sengar is a Chief Copy Editor with over seven years of experience in delivering content across diverse domains. Specialising in business news across personal finance, real estate, IPOs and markets, Namit brings an editorial eye and a deep understanding of complex subjects to his work. His educational foundation includes Post Graduate Diploma in…
Domestic mutual funds have emerged as the biggest force behind India’s initial public offering (IPO) market, overtaking foreign portfolio investors (FPIs) as anchor investors and helping companies raise capital even as global flows remain volatile. Pranav Haldea, Managing Director of Prime Database Group, said the growing role of domestic investors marks a major shift in…
Shares of Elecon Engineering Company Ltd. declined more than 5% in trade on Friday, July 10, after the company reported a sharp drop in first-quarter earnings. For the quarter ended June 2026 (Q1FY27), the company reported a net profit of ₹70 crore, down 60% from ₹175 crore in the corresponding period last year. However, the…
IT services stocks have entered a value zone, and long-term investors can consider accumulating them, even as uncertainty around artificial intelligence (AI) continues, according to Krishna Sanghavi, Chief Investment Officer – Equities at Mahindra Manulife Investment Management. Sanghavi said sentiment, rather than fundamentals, has weighed on IT stocks, and investors with a value-oriented approach may…
Backed by strong subscription demand, investor interest in the unlisted market also points to a healthy listing. The IPO’s GMP currently stands at Rs 158, translating into an estimated profit of Rs 5,530 per lot of 35 shares, or an estimated premium of around 38 per cent. Source link
Shares of Onesource Specialty Pharma Ltd. declined up to 7% on Friday, July 10, after reacting to Dr Reddy’s Laboratories’ semaglutide batch concerns and supply delay. The stock though, has recovered from its opening lows. Onesource Specialty Pharma undertakes the final stage of production before the semglutide drug is shipped to pharmaceutical companies. It operates…
The Nifty IT index comprises of 10 stocks, nine of which are down between 9% to 35% so far in 2026. The only stock that is not in the red on a year-to-date basis, is at a 52-week high. Shares of Oracle Financial Services Ltd. are trading with gains of another 3% on Friday, July…
