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Corporate
MAHSCOOTERCorporate
Maharashtra Scooters to discuss results

Maharashtra Scooters will hold a meeting of the Board of Directors of the Company on 29 July 2026.

33 minutes agoCapital Market - Live
Corporate
AMALGAMCorporate
Amalgamated Electricity Company to hold board meeting

Amalgamated Electricity Company will hold a meeting of the Board of Directors of the Company on 13 July 2026.

33 minutes agoCapital Market - Live
Corporate
INDUSINDBKCorporate
IndusInd Bank to table results

IndusInd Bank will hold a meeting of the Board of Directors of the Company on 22 July 2026.

33 minutes agoCapital Market - Live
IPO
NIFTY 50IPO
Laser Power & Infra IPO subscribed 16%

The initial public offer of Laser Power & Infra received bids for 40,59,650 shares as against 2,55,86,207 shares on offer, according to stock exchange data at 17:00 IST on Thursday (9 July 2026). The issue was subscribed 0.16 times. The issue opened for bidding on 9 July 2026 and it will close on 13 July 2026. The price band of the IPO is fixed between Rs 203 and 214 per share. An investor can bid for a minimum of 70 equity shares and multiples thereof. The issue comprises both an offer for sale and a fresh issue of equity shares (of Rs 5 face value) worth an aggregate of Rs 200 crore and Rs 542 crore, respectively. The entire portion of the offer for sale is by promoters, i.e., Deepak Goel (Rs 112.5 crore), Rakhi Goel (Rs 25 crore), and Devesh Goel (Rs 62.5 crore). Of the net proceeds, the company proposed to utilize Rs 490 crore towards repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the company and balance towards general corporate purposes. Outstanding borrowings at the end of 17 June 2026 stood at Rs 935.67 crore. Laser Power & Infra is an integrated manufacturer of power and control cables, conductors, and specialty electrical products, along with providing EPC solutions for the power transmission and distribution sector. The company operates three manufacturing facilities in West Bengal and has executed power infrastructure projects across India and overseas. It serves government utilities, Indian Railways, discoms, and private EPC players, with a strong presence in East India. As of March 31, 2026, its order book stood at Rs 3,243.4 crore, spanning both manufacturing and EPC businesses. Ahead of the IPO, Laser Power & Infra on Wednesday, 09 July 2026, raised Rs 222.59 crore from anchor investors. The board allotted 1.04 crore shares at Rs 214 each to 19 anchor investors. The firm reported a consolidated net profit of Rs 151.59 crore and sales of Rs 2,326.10 crore for the twelve months ended on 31 March 2026.Powered by Capital Market - Live

42 minutes agoCapital Market - Live
IPO
NIFTY 50IPO
Kusumgar IPO subscribed 13.13 times

The initial public offer of Kusumgar received bids for 15,05,57,085 shares as against 1,14,68,094 shares on offer, according to stock exchange data at 17:00 IST on Thursday (9 July 2026). The issue was subscribed 13.13 times. The issue opened for bidding on 8 July 2026 and it will close on 10 July 2026. The price band of the IPO is fixed between Rs 398 and 419 per share. An investor can bid for a minimum of 35 equity shares and in multiples thereof. The company plans to raise Rs 650 crore through the IPO, which consists entirely of an offer for sale of 1,55,13,126 shares at upper price band of Rs 419. The entire proceeds from the sale will go to promoter shareholders Siddharth Yogesh Kusumgar, Sapna Siddharth Kusumgar, and Siddharth Yogesh Kusumgar HUF. Employees will receive a discount of Rs 39 per share on the final issue price. Kusumgar has reserved shares worth Rs 3.5 crore for eligible employees. Kusumgar is a leading manufacturer of engineered synthetic functional and performance fabrics used across aerospace & defence, industrial, automotive, and outdoor lifestyle applications. The company operates a vertically integrated manufacturing setup with facilities in Gujarat and Uttar Pradesh, enabling end-to-end production from weaving and coating to lamination and fabrication. It has developed over 1,000 fabric variants and derives a significant share of its revenue from both domestic and export markets, serving government and private sector customers. Ahead of the IPO, Kusumgar on Tuesday, 7 July 2026, raised Rs 193.94 crore from anchor investors. The board allotted 46.28 lakh shares at Rs 419 each to 14 anchor investors. The firm reported a consolidated net profit of Rs 98.20 crore and sales of Rs 692 crore for the twelve months ended on 31 March 2026.Powered by Capital Market - Live

44 minutes agoCapital Market - Live
Economy
NIFTY 50Economy
Sub-Mission on Agricultural Mechanization scheme coverage expanding at rapid pace

The government has highlighted progress under Sub-Mission on Agricultural Mechanization (SMAM) which expands access for small farmers, women, and disadvantaged groups through targeted mechanization support nationwide. Special emphasis has been placed on underserved and North-Eastern States to address regional disparities in access to farm machinery and technology. Under SMAM, from 2014'15 to 2025'26, central assistance of Rs 9,404.47 crore has supported the distribution of 21.61 lakh machines to individual farmers. Additionally, it supported the establishment of 27,554 Custom Hiring Centers,646 Hi-tech Hubs, and 25,608 Farm Machinery Banks. Under SMAM, the number of beneficiaries for individual farm machinery ownership increased from 2.07 lakh in 2020'21 to 2.32 lakh in 2024'25, reflecting an overall expansion in scheme coverage. Powered by Capital Market - Live

57 minutes agoCapital Market - Live
Earnings
GUJHOTEEarnings
Gujarat Hotels standalone net profit rises 5.00% in the June 2026 quarter

Net profit of Gujarat Hotels rose 5.00% to Rs 1.47 crore in the quarter ended June 2026 as against Rs 1.40 crore during the previous quarter ended June 2025. Sales rose 17.28% to Rs 0.95 crore in the quarter ended June 2026 as against Rs 0.81 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales0.950.81 17 OPM %86.3283.95 - PBDT1.851.74 6 PBT1.841.73 6 NP1.471.40 5 Powered by Capital Market - Live

1 hour agoCapital Market - Live
Futures Update
INFYFutures Update
Nifty July futures trade at a premium

The Nifty July 2026 futures closed at 24,007.60, a premium of 44.8 points compared with the Nifty's closing at 23,962.80 in the cash market. In the cash market, the Nifty 50 index rose 80.75 points or 0.34% to 23,962.80. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tanked 8.97% to 13.36. Infosys, Kalyan Jewellers India and HDFC Bank were the top-traded individual stock futures contracts in the F&O segment of the NSE. The July 2026 F&O contracts will expire on 28 July 2026.Powered by Capital Market - Live

1 hour agoCapital Market - Live
Earnings
TCSEarnings
Tata Consultancy Services consolidated net profit rises 4.62% in the June 2026 quarter

Net profit of Tata Consultancy Services rose 4.62% to Rs 13349.00 crore in the quarter ended June 2026 as against Rs 12760.00 crore during the previous quarter ended June 2025. Sales rose 13.93% to Rs 72275.00 crore in the quarter ended June 2026 as against Rs 63437.00 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales72275.0063437.00 14 OPM %25.6726.60 - PBDT19851.0018340.00 8 PBT18612.0016979.00 10 NP13349.0012760.00 5 Powered by Capital Market - Live

1 hour agoCapital Market - Live
Post-market Update
NIFTY 50Post-market Update
Market recovers after sell-off; Nifty closes above 23,950

Benchmark indices rebounded on Thursday after the previous session's sharp sell-off, supported by broad-based buying and improving global sentiment. The Nifty closed above the 23,950 mark as easing geopolitical concerns after US President Donald Trump said a renewed war with Iran was unlikely. Meanwhile, renewed FII buying in domestic shares, a steady rupee and optimism ahead of the Q1 earnings season lifted investor sentiment. Broader markets outperformed the benchmarks. PSU banks and consumer durables stocks led the gains. IT and auto shares, however, remained under pressure. The S&P BSE Sensex jumped 238.22 points or 0.31% to 76,741.82. The Nifty 50 index rose 80.75 points or 0.34% to 23,962.80. In the past two trading sessions, the Nifty and Sensex declined 2.25% and 2.28%, respectively. Sun Pharmaceutical Industries (up 2.78%), Bharti Airtel (up 2.49%) and HDFC Bank (up 0.83%) boosted the Nifty higher today. The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 1.41% and the BSE 250 SmallCap Index added 1.69%. The market breadth was strong. On the BSE, 2,896 shares rose and 1,342 shares fell. A total of 190 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tanked 8.97% to 13.36. Numbers to Track: In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 95.41 compared with its close of 95.48 during the previous trading session. In the commodities market, Brent crude for September 2026 settlement rose 44 cents or 0.56% to $78.46 a barrel. The yield on India's 10-year benchmark federal paper declined 0.24% to 6.750 compared with the previous session close of 6.750. MCX Gold futures for 5 August 2026 settlement gained 0.51% to Rs 1,44,449. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.01% to 100.74. The United States 10-year bond yield rose 0.20% to 4.576. Global Markets: Most European and Asian markets advanced after mixed Chinese inflation data reinforced expectations of further policy support from Beijing. Investor sentiment was also supported by US President Donald Trump's remarks that a full-scale conflict with Iran was unlikely to resume, easing concerns over a prolonged disruption to global energy supplies. However, geopolitical tensions remained elevated after fresh US strikes on Iranian targets in response to attacks on commercial shipping in and around the Strait of Hormuz. China's annual inflation eased to 1.0% in June 2026 from 1.2% in May, below market expectations of 1.1%, marking the slowest pace in three months. Consumer prices fell 0.3% month-on-month, while core inflation eased to 1.0% year-on-year. Overnight, Wall Street ended lower as investors rotated out of artificial intelligence-linked stocks and oil prices advanced. The Dow Jones Industrial Average fell 0.25% to 52,925.15 after touching a record intraday high. The S&P 500 declined 0.45% to 7,503.85, while the Nasdaq Composite dropped 1.16% to 25,818.69. Stocks in Spotlight: Tata Consultancy Services rose 0.07%. The IT major reported revenue of Rs 72,275 crore for Q1 FY27, up 13.9% year-on-year and 2.2% quarter-on-quarter. Operating margin stood at 24.0%, while net income increased 8.5% YoY to Rs 13,849 crore, excluding exceptional items. Net margin came in at 19.2%, while net cash from operations stood at Rs 12,412 crore, equivalent to 93% of net income. The company declared an interim dividend of Rs 12 per share, with the record date fixed as 15 July 2026 and payment scheduled for 31 July 2026. Its workforce stood at 593,798, while last twelve months (LTM) attrition in the IT services business was 13.6%. The company's total contract value (TCV) declined to $9.5 billion in Q1 FY27 from $12 billion in Q4 FY26. Dr Reddy's Laboratories tumbled 5.77% after the company said commercial supplies of certain batches of its semaglutide product will be delayed following a quality-related issue involving the active pharmaceutical ingredient (API). Semaglutide is widely used for the treatment of type 2 diabetes and obesity. The company said certain batches of semaglutide were found to be out of specification due to an issue associated with the API used in the product. It is currently investigating the root cause and taking appropriate corrective measures to ensure product quality. Premier Energies rallied 4.42% after inaugurating its 5.6 GW solar module manufacturing facility at Seetharampur, Telangana. The company also broke ground for a 6 GWh Battery Energy Storage System (BESS) facility and an 18,000 MT per annum aluminium frames plant. The Phoenix Mills added 3.34% after the company reported a strong operational performance across its retail, commercial office, hospitality and residential businesses for the quarter ended June 2026 (Q1 FY27). The company's retail portfolio continued to deliver robust growth, with consumption rising 32% year-on-year (YoY) to Rs 4,727 crore during the quarter Insolation Energy zoomed 11.80% after the company had received a contract worth Rs 558.29 crore from NTPC Renewable Energy, a wholly owned subsidiary of NTPC. The order involves the supply of solar photovoltaic (PV) modules and is scheduled to be executed during the financial year 2026-27. Sathlokhar Synergys E&C Global rose 2.47% after the company secured fresh confirmed orders worth approximately Rs 75.52 crore. Delhivery rose 2.67% to Rs 515.20 after foreign brokerage reiterated its 'Buy' rating on the stock and raised its target price to Rs 610 from Rs 560. UNO Minda added 2.22% to Rs 1,157 after a domestic research firm initiated coverage on the company with a 'buy' call and a target price of Rs 1,406. Solex Energy jumped 2.21% after the company received a work order from a leading independent power producer for the manufacture and supply of solar photovoltaic (PV) modules worth Rs 628.37 crore. The order involves the supply of N-Type TOPCon 615 Wp/620 Wp Glass-to-Glass (G12R) solar PV modules. The modules are scheduled to be supplied between October 2026 and March 2027. Rajesh Power Services rose 3.76% after the company secured a Rs 653.12 crore turnkey contract from Paschim Gujarat Vij Company (PGVCL). The contract involves converting existing 11kV HT and LT overhead power lines into an underground cable network. It also includes the installation of a ring main system, GIS mapping and asset tagging. The work will be carried out across the Bhavnagar, Anjar, Junagadh and Porbandar circles in Gujarat. IRB Infrastructure Developers added 1.40% after the company's IRB Group reported an approximately 28% year-on-year (YoY) increase in toll revenue to Rs 808 crore in June 2026. Initial Public Offer (IPO): Kusumgar received bids for 14,57,28,345 shares as against 1,14,68,094 shares on offer, according to stock exchange data at 18:39 IST on 9 July 2026. The issue was subscribed 12.71 times. The issue opened for bidding on 08 July 2026 and will close on 10 July 2026. The price band of the IPO is fixed between Rs 398 and 419 per share. Laser Power & Infra received bids for 38,67,500 shares as against 2,55,86,207 shares on offer, according to stock exchange data at 18:39 IST on 9 July 2026. The issue was subscribed 0.15 times. The issue opened for bidding on 09 July 2026 and will close on 13 July 2026. The price band of the IPO is fixed between Rs 203 and 214 per share. Powered by Capital Market - Live

1 hour agoCapital Market - Live
Top gainers
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659.604.04%

4,643.403.96%

198.443.44%

124.803.01%

2,737.102.93%