Emkay Global Financial' research report on Dr ReddysDr Reddy’s’ Form 20-F disclosures indicate that gRevlimid sales in FY26 were closer to our base-case estimate (~$300mn). However, assuming muted growth in the company’s base oncology portfolio since FY22, gRevlimid contribution would have been hig…
Shares of Paisalo Digital Ltd hit the 20 percent upper circuit on Wednesday after the non-banking finance company said its promoters increased their shareholding to 46.72 percent in the first quarter of FY27 from 41.75 percent at the end of FY26 through a series of open-market acquisitions.Paisalo…
Reliance Power shares climbed more than 18 percent in early trade on Wednesday after the company announced its foray into artificial intelligence (AI) and allied new-age technologies.The stock surged 18.35 percent to Rs 29.40 per share on the NSE during early trade. Later, the stock pared some gain…
Motilal Oswal' research report on Adani Ports and SEZAdani Ports & SEZ (APSEZ) entered into a definitive agreement with MSC Group's terminal arm, Terminal Investment Limited (TiL), for the sale of a 49% stake in Vizhinjam Port at an implied valuation of USD2.85b, with TiL investing USD1.397b. The p…
Shares of Mahindra & Mahindra Ltd rose 3 percent on Wednesday after the automaker reported stronger-than-expected June sales across its automotive and tractor businesses, with both segments comfortably beating market estimates.At 10:01 am, M&M shares were trading at Rs 3,161, up 3 percent, making t…
Several stocks are likely to remain in focus on July 1 amid key corporate developments, including regulatory updates, acquisitions, merger proposals, project wins and real estate expansion.Escorts Kubota gained 3% after reporting robust sales for June 2026. The company's Agri Machinery Business sol…
In a market short on fresh triggers, several stocks quietly grabbed attention on July 1, driven by technical breakouts, strong price action, and sustained buying interest.The selected stocks are showing strong upward momentum, trading well above their key short- to medium-term moving averages, whic…
Shares of KPIT Technologies Ltd hit a series of lower circuits on Wednesday, falling more than 15 percent after the automotive software company issued a profit warning for the April-June quarter and signalled that weak business conditions could persist into the September quarter.At around 10:15 am…
Shares of Jana Small Finance Bank extended their recovery to trade over 1% higher on Wednesday after the lender clarified that the downgrade of its promoter entity's debt has no impact on the bank.The stock, which fell as much as 0.37% to Rs 467 in early trade, rebounded sharply and was trading 1.0…
Prabhudas Lilladher's research report on RITESWe hosted RITES management for an NDR, where management reiterated its confidence in the medium-term growth outlook, supported by a relatively young order book, with around two-thirds of projects (12–18 months old) entering the execution phase over FY27…
Shares of Kotak Mahindra Bank Ltd rose in early trade on July 1 after multiple brokerages maintained their bullish stance following the lender's announcement that it will acquire Deutsche Bank India's retail banking, affluent private banking and wealth management business.The stock gained 0.92 perc…
The Indian rupee opened flat at 94.66 against the US dollar on Wednesday, compared to Tuesday's close of 94.66.According to Finrex, the rupee posted its first quarterly gain in five quarters, appreciating roughly 0.2% during the April-June quarter. The near term direction of the INR will likely dep…
Shares of Adani Ports and Special Economic Zone are likely to remain in focus on July 1 after multiple brokerages reaffirmed their bullish stance on the stock following the company's agreement to sell a 49 percent stake in its Vizhinjam International Seaport to a unit of Switzerland's MSC Group for…
Commodity markets traded mixed on July 1, with crude oil prices rebounding on renewed geopolitical concerns, while precious metals remained under pressure amid a stronger U.S. dollar and rising Treasury yields.Crude oil prices advanced in early trade after reports that Iran will not meet U.S. envoy…
Gold edged up on Tuesday but was on track for its sharpest quarterly decline in 13 years, as inflation concerns stemming from the Middle East conflict reinforced expectations that the U.S. Federal Reserve could hike interest rates.Spot gold rose 0.3% to $4,027.03 per ounce by 1:40 p.m. ET (1740 GMT…
Indian benchmark indices are likely to open on a flat note on July 1, tracking muted cues from GIFT Nifty, which was trading around 23,987 during early trade.Track the latest updates on GIFT Nifty right here on MoneycontrolIndian benchmark indices ended lower in a volatile session on the June deriv…
The benchmark indices witnessed a one-third of a percent correction on June 30, but market breadth turned positive. About 1,634 shares advanced against 1,357 declining shares on the NSE. The market is likely to remain range-bound as long as it trades below the previous week's high. Below are some s…
Promoter sold further 1.88 percent equity stake in Indo Tech Transformers, the power and distribution transformers manufacturer, via open market transactions on June 30.Despite this stake sale by promoter, Indo Tech stock was locked in 5 percent upper circuit for second consecutive session, closing…
Chiswick Investment, an affiliate of GIC Group, sold a little over an 11 percent stake in Jaipur-headquartered smart metering solutions provider Genus Power Infrastructures for Rs 955.6 crore through open market transactions.Genus Power's stock reacted sharply to the stake sale, opening with a sign…
India's exports to Gulf Cooperation Council (GCC) countries rebounded to near pre-war levels in May, led by a sharp recovery in shipments to the United Arab Emirates (UAE). However, the rebound appears to have been driven largely by a handful of high-value, volatile commodities rather than a broad…