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…
Shares of food delivery and quick commerce aggregator Swiggy Ltd. was downgraded by brokerage firm CLSA, after it reported another quarterly loss for the April-June period. The numbers were reported after market hours on Thursday. CLSA has downgraded its rating on Swiggy to “hold”, from its earlier rating of “accumulate” and also cut its price…
Infosyshas ruled out entering the capital-intensive data centre business, choosing instead to build its artificial intelligence (AI) strategy around enterprise services, smaller specialised models and partnerships with global AI companies. Outgoing Infosys CEO Salil Parekh said the company had considered a data centre push but concluded that the investment required would neither suit its balance…
Shares of Sedemac Mechatronics Ltd. will remain in focus on Friday, July 31, after global brokerage HSBC initiated coverage on the stock with a ‘Buy’ rating and a target price of ₹3,700. HSBC’s target price implies a potential upside of 40% from Thursday’s closing level. The brokerage said Sedemac’s advanced sensor-less motor control technology used…
The Indian rupee opened at a three-week high on Friday (July 31), strengthening to ₹95.39 against the US dollar, compared with Thursday’s (July 30’s) close of ₹95.68. The currency gained 29 paise at the open, supported by a broad decline in the dollar index, softer crude oil prices and continued intervention by the Reserve Bank…
