News Flash

Veranda Learning Solutions Ltd. plans to raise up to ₹380 crore through a qualified institutional placement (QIP) this week. The fundraising aims to reduce the company's high-cost debt, with pricing expected at a significant discount to the current market price. As of FY2025, the company had borrowings and financial liabilities of around ₹870 crore.

One 97 Communications: Paytm Shares Surge Past Rs 1,000 Amid High Trading Volume
17 minutes agoPaytm shares rose nearly 3% to Rs 1,014.30 on NSE, crossing the Rs 1,000 mark. Trading volume was high with 23.3 lakh shares worth Rs 234.6 crore changing hands. FIIs hold a 54.9% stake in the company as of June 30, 2025.

18 minutes ago
A block trade of approximately 188,674 shares of TBO Tek Ltd. occurred on the National Stock Exchange (NSE) at a price of Rs. 1411.00 per share. The total value of the transaction was Rs. 26.62 Crores.

Shilpa Medicare: FDA Inspection Clearance Boosts Stock
24 minutes agoShilpa Medicare's Bengaluru unit received an Establishment Inspection Report with Voluntary Action Indicated classification from the US FDA. The facility, which focuses on oral dissolving films and transdermal systems, has been approved by multiple international regulatory bodies. The stock gained over 4% following the announcement.

Renowned investor Dolly Khanna has purchased a 1.55% stake (32.78 lakh shares) in Coffee Day Enterprises during the June 2025 quarter. The stock hit the upper circuit at Rs 39.86 on the BSE, rising 10% following this news.
Gold Prices Open Higher at Rs 97,389 per 10 Grams
27 minutes agoGold August futures contracts on MCX opened 0.18% higher at Rs 97,389 per 10 grams, recovering after a two-day fall totaling Rs 400. Silver September futures also increased by 0.28% to Rs 1,11,800 per kg. The previous day saw gold settle at Rs 97,211 per 10 grams and silver at Rs 1,11,486 per kg. The increase comes despite recent U.S. inflation data and a stronger dollar, which had previously put pressure on precious metal prices.

Jio BlackRock: SEBI Approves Launch of Four Passive Funds
36 minutes agoJio BlackRock, a joint venture between Jio Financial Services and BlackRock, has received SEBI approval to launch four passive funds: Nifty Midcap 150 Index Fund, Nifty Next 50 Index Fund, Nifty Smallcap 250 Index Fund, and Nifty 8-13 yr G-Sec Index Fund. The G-Sec fund will have high interest rate risk and low credit risk, while the Smallcap fund is categorized as 'very high' risk.

JSW Infrastructure: Board Meeting Scheduled to Discuss Q1 FY2026 Results
36 minutes agoJSW Infrastructure's board will meet on July 22, 2025, to consider Q1 FY2026 financial results. A result conference call is scheduled for the same day. The company's stock rose 0.32% to Rs 311 on NSE, with analysts projecting a 7.8% upside potential.

Premier Explosives has secured an export contract valued at 105 Crore Rupees. This contract is expected to boost the company's annual revenue by 25%. The news indicates a significant business development for the company in terms of international sales and potential growth.

Reliance Industries Ltd. will announce its Q1FY26 results on July 18, 2025. The company's Board of Directors meeting is scheduled for that day to approve the financial results. An analyst meet will follow the Board meeting. The trading window for designated persons is closed from July 1 until 48 hours after the results declaration.

Suprajit Engineering announces two major operational changes: 1) Plans to move to a 30,000 sq.ft. facility in Mississauga by September 2025. 2) Relocates operations to Matamoros and Wichita, expecting annual savings of $750,000 or ₹6.2 crore.
Oil: Emerging Markets to Drive Demand in H2 2025
50 minutes agoOil prices are currently rangebound, trading near $69 per barrel. Emerging markets, particularly Brazil, China, and India, are expected to drive oil demand growth in the second half of 2025. OPEC+ has kept its 2025 and 2026 oil demand forecast unchanged. The organization plans to complete 2.2 million barrels of unwinding by September, one year ahead of schedule. There's uncertainty about whether OPEC+ will pause output hikes after September. Oil prices are anticipated to be cheaper in Q4 2025 compared to Q3, with a potential glut in the market.

Onward Tech Reports Q1 Financial Results
55 minutes agoOnward Tech has released its Q1 financial results. The company's revenue increased to 1.33 billion rupees from 1.28 billion rupees in the previous quarter. EBIT (Earnings Before Interest and Taxes) rose to 137 million rupees from 104 million rupees quarter-over-quarter. The EBIT margin improved to 10.5% from 8.2% in the previous quarter.

57 minutes ago
Onward Tech has reported a consolidated net profit of 127 million for the most recent quarter, compared to 104 million in the previous quarter, representing a quarter-over-quarter increase.
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Carraro India Schedules Q1 Results Review and Conference Call
1 hour agoCarraro India has announced that it will review its Q1 results on August 5. The company will also hold a conference call on August 6 at 8:30 AM to discuss the results.

Sakar Healthcare has expanded its export potential by receiving approvals for anti-cancer injections in Europe. The company has obtained its third and fourth marketing authorizations for oncology injections in the European market. Sakar Healthcare is preparing for commercial supply of these products to Europe.

Angel One's Q1 FY26 net profit expected at ₹133 crore. Client base grew 31.3% YoY to 32.47 million. Average client funding book up 60.2% YoY. Trading volumes declined in June, but Q1 showed improvement. Market share remains strong across segments.

Jio Financial Services' joint venture with BlackRock, known as Jio BlackRock, has obtained approval from the Securities and Exchange Board of India (SEBI) to launch four passive funds. This development marks a significant step for Jio Financial Services in expanding its financial product offerings.

1 hour ago
The Cabinet is anticipated to approve the PM Dhan Dhanya Krishi Yojana, a scheme targeting 100 low-productivity districts. This initiative aims to improve agricultural productivity in these areas. The news suggests potential positive implications for the agricultural sector, particularly for companies like Mangalam Seeds that operate in the seed industry.

1 hour ago
The Indian Cabinet is anticipated to approve the PM Dhan Dhanya Krishi Yojana, a scheme targeting 100 low-productivity districts. This initiative is likely aimed at improving agricultural productivity in these areas. The news mentions Dhanuka Agritech in connection with this development, suggesting potential implications for the company.

1 hour ago
The Indian Cabinet is anticipated to approve the PM Dhan Dhanaya Krishi Yojana, a scheme targeting 100 low-productivity districts. This initiative aims to improve agricultural productivity in these areas. The news suggests potential positive implications for Kaveri Seeds, likely due to its involvement in the agricultural sector.
Spunweb Nonwoven IPO Oversubscribed 44 Times on Final Day
1 hour agoSpunweb Nonwoven's SME IPO has been oversubscribed 43.7 times on the final day of bidding. The IPO aims to raise Rs 61 crore with a price band of Rs 90 to Rs 96 per share. The issue consists of 63.52 lakh fresh shares and is set to close on July 16, 2025. The company plans to use the proceeds for working capital, investment in its subsidiary SIPL, and partial debt repayment. The shares are expected to be listed on the NSE SME platform around July 21, 2025.
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A block trade of approximately 140,909 shares of Tata Consultancy Services Ltd. (TCS) was executed on the National Stock Exchange (NSE) for Rs. 45.58 Crores. The trade was conducted at a price of Rs. 3234.60 per share.

Waaree Renewable Technologies shares rose over 10% ahead of Q1 FY26 results announcement on July 17. The company will hold a board meeting to approve unaudited financial results and host an investor call on July 18.

Ola Electric shares dropped 3.5% after Maharashtra Transport Department ordered closure of 121 showrooms operating without valid trade certificates. The company faces regulatory scrutiny, declining sales, and market share erosion in the electric two-wheeler segment.

Tata Communications: Q1FY26 Results Announcement Scheduled for July 17
1 hour agoTata Communications will announce Q1FY26 results on July 17, 2025. An earnings call is scheduled for July 18. The trading window for designated persons is closed from June 24 until 48 hours after results declaration.

HDFC Asset Management Company: Stock Hits Record High, Up 5x from IPO Price
1 hour agoHDFC Asset Management Company's stock reached a record high on July 16, 2025, gaining 26% year-to-date. The stock has risen 5x from its 2018 IPO price of ₹1,100. Quarterly Average Assets Under Management grew 7% from the previous quarter, with Equity AUM up 8%. Nomura raised its price target to ₹5,500, maintaining a 'buy' recommendation.

A Wipro executive has stated that while demand conditions have not deteriorated, they also haven't shown significant improvement. The executive acknowledged an uncertain environment, citing tariffs and geopolitical issues as contributing factors.
Silver Surges 30% in 2025, Nears Rs 1,14,000 in Indian Markets
1 hour agoSilver prices have risen by over 30% in 2025, reaching nearly Rs 1,14,000 per kilogram in Indian markets for the first time. In international markets, silver has surpassed $39 per troy ounce, a 14-year high. The rally is driven by strong industrial demand, particularly in green technologies, and increased investment interest. Analysts project silver could reach Rs 1,20,000 per kilogram in the short term and potentially Rs 2,00,000 per kilogram by 2026. Factors contributing to the price surge include growing use in renewable energy sectors, rising demand for silver ETFs, and global macroeconomic conditions.

Waaree Renewable Technologies: Stock Surges 17% Amid Fresh Breakout
1 hour agoWaaree Renewable Technologies' stock rose over 17% in a single session, signaling a potential fresh breakout after a year-long consolidation. The company reported an 83% YoY increase in Q4FY25 net profit to Rs 93.76 crore and a 74% surge in revenue to Rs 476 crore. Recent EPC contract wins totaling over Rs 800 crore strengthen the company's execution pipeline.

State Bank of India: SBI to Launch ₹25,000 Crore QIP, LIC May Invest ₹5,000+ Crore
1 hour agoSBI is set to launch a ₹25,000 crore qualified institutional placement on July 16. LIC is expected to bid over ₹5,000 crore. The issue may be offered at a slight discount to current market price. Domestic mutual funds are showing strong interest.

InterGlobe Aviation: Morgan Stanley Sees Further Upside Potential
1 hour agoMorgan Stanley maintains an 'overweight' rating on InterGlobe Aviation with a price target of ₹6,502, citing potential re-rating factors such as reducing promoter stake sale overhang, tight industry supply, market consolidation, and possible business class expansion. The firm also notes IndiGo's cost-effective fleet strategy and growth in international flights.

Sun Pharmaceutical Industries Ltd. Block Trade on NSE
1 hour agoA block trade of approximately 201,773 shares of Sun Pharmaceutical Industries Ltd. took place on the National Stock Exchange (NSE) at a price of Rs. 1724.50 per share. The total value of the transaction was Rs. 34.80 Crores.

Shilpa Medicare has received an Establishment Inspection Report (EIR) from the United States Food and Drug Administration (USFDA) for its Unit VI located in Bengaluru. This indicates that the FDA has completed its inspection of the facility.

A block trade of approximately 104,123 shares of Ceat Ltd. was reported on the National Stock Exchange (NSE). The transaction was valued at Rs. 40.76 Crores, with each share priced at Rs. 3,915.00.

Waaree Renewable Technologies: Q1FY26 Results Date Announced, Trading Window Closure in Effect
2 hours agoWaaree Renewable Technologies to announce Q1FY26 results on July 17, 2025. Board meeting scheduled to approve unaudited financial results. Earnings call set for July 18. Trading window closed from July 1 until 48 hours after results declaration. Stock price up 25.16% in last five sessions.

KPI Green's CMD (Chairman and Managing Director) has projected a 60-70% increase in order inflow for the company over the next 9 months. This suggests potential growth and positive business outlook for the green energy or environmental solutions company.

State Bank of India (SBI) is reportedly planning to initiate a Qualified Institutional Placement (QIP) of Rs 25,000 crore. Life Insurance Corporation of India (LIC) is expected to be an anchor investor, potentially bidding Rs 7,000 crore. The share pricing for this QIP is estimated to be in the range of Rs 790-800.

LTIMindtree: Q1 FY26 Results Announcement Date Set
2 hours agoLTIMindtree will review and approve Q1 FY26 results on July 17, 2025. Trading window closed from July 1 to July 19. Earnings call scheduled for 6 p.m. IST on July 17.

Dixon Technologies: CLSA Initiates Coverage with Bullish Outlook
2 hours agoCLSA initiates coverage on Dixon Technologies with a 'High Conviction Outperform' rating and Rs 15,800 target price. The positive outlook is based on Dixon's strategic moves in smartphone component manufacturing, including a 51% stake acquisition in Q Tech India for camera modules and a joint venture with Chongqing Yuhai for enclosures. These initiatives are expected to significantly increase Dixon's value addition in smartphones from 15-17% to 45-55%.

Infosys has entered into a partnership with Melbourne Archdiocese Catholic Schools to implement digital upgrades. The collaboration aims to enhance the technological infrastructure of Catholic schools in the Melbourne area.

South Indian Bank: Q1 FY26 Results Announcement and Earnings Call Scheduled
2 hours agoSouth Indian Bank will announce Q1 FY26 results on July 17, 2025. An earnings call is scheduled for July 18 at 4 p.m. The trading window for the bank's securities is closed from July 1 to July 19 for designated persons.

Just Dial: Q1 Profit Rises 13% YoY, Revenue Up 6%
2 hours agoJust Dial reported a 13% YoY increase in Q1 FY26 net profit to Rs 160 crore. Revenue grew 6.2% YoY to Rs 298 crore. EBITDA rose 7.2% to Rs 86.4 crore with a margin of 29%. Quarterly unique visitors reached 193.2 million, up 6.6% YoY. Active paid campaigns increased 4.3% YoY to 617,340.

A block trade of approximately 156,591 shares of Voltas Ltd. was executed on the National Stock Exchange (NSE) for a total value of Rs. 21.82 Crores. The trade was conducted at a price of Rs. 1393.60 per share.

Zydus Lifesciences received USFDA approval for Celecoxib capsules in 50 mg, 100 mg, 200 mg, and 400 mg strengths. The drug, used for pain management, will be manufactured in Ahmedabad. Celecoxib capsules had US sales of $122.6 million in the 12 months ending May 2025.

A block trade of approximately 103,313 shares of HDFC Bank Ltd. was executed on the National Stock Exchange (NSE) for Rs. 20.83 Crores. The transaction occurred at a price of Rs. 2016.40 per share.

Axis Bank's Q1 FY26 results are expected to show mixed performance with profit up 5% YoY to Rs 6,375.77 crore. NII may decline 4% YoY to Rs 13,970 crore. NIM is projected to decrease to 3.81% from 3.97% QoQ. Loan growth is estimated at 7% YoY. Elevated slippages and increased provisions are anticipated. Operating expenses may rise due to annual appraisals.

ICICI Prudential Life has announced plans for growth recovery and product innovation over the next 9 months. The company aims to develop new offerings in savings, protection, and annuity segments. Their goal is to prevent any decline in their business performance.

Bank of Maharashtra shared its financial targets during a concall update. The bank aims for a CASA ratio over 50% and a cost-to-income ratio under 40%. It maintains a Net Interest Margin (NIM) target of 3.75% for FY26, despite recent higher NIMs of 3.95-4.00%. The bank expects total business growth of 15%, with a 17% increase in advances and 14% in deposits.
Market Commentary
2 hours agoThe Nifty 50 index opened at 25,196.6 points, showing a change of 0.8 points or 0.0%. Meanwhile, the Nifty Bank index opened at 57,111.25 points, with a change of 104.6 points or 0.18%.