The Economic Times
Elections 2026Company / The Economic Times
Milky Mist Dairy Food IPO opens on August 11 and closes on August 13, with the Rs 1,553 crore issue priced at Rs 133-140 per share. The latest GMP of Rs 26 signals a potential 19% listing gain, while investors can check the lot size, key dates and IPO details here.
Paytm shares rallied after Bernstein raised its target price to Rs 2,200, implying 52% upside, while retaining an Outperform rating. The target is the highest on the Street and the first above Paytms Rs 2,150 IPO price, with Bernstein factoring in UPI MDR from FY28.
Aarti Pharmalabs shares hit the 20% upper circuit after the company reported a 65.4% year-on-year rise in Q1 FY27 net profit to Rs 76.14 crore. Revenue surged 38.7% to Rs 535.79 crore, while the company also approved a Rs 149-crore capex plan to expand manufacturing capacity.
Hitachi Energy India shares jumped over 7% after the company reported a 123.5% YoY rise in Q1 FY26 profit. Nomura initiated coverage with a Buy rating and Rs 40,030 target, citing strong order inflows, rising T&D demand and multiple growth opportunities.
Dynamatic Technologies shares surged 12% after the company reported a near-doubling in Q1 FY27 net profit to Rs 20.79 crore. Revenue rose 14.5% year-on-year to Rs 424.81 crore, while EBITDA jumped 45.9% to Rs 55.11 crore. EBITDA margin expanded 280 basis points to 13%, with EBIT rising 83.7% and EBIT margin improving 310 basis points.
Cupid shares fell on Monday despite a threefold rise in Q1 FY27 profit to Rs 44 crore, as revenue surged 159% and EBITDA jumped 265%. The multibagger stock has gained 150% in 2026 and 683% over the past year. The company has also raised its FY27 revenue and profit guidance.
Ola Electric shares fell after the company reported a narrower Q1 FY27 net loss of Rs 336 crore, compared with Rs 428 crore a year ago. However, revenue from operations declined 45% YoY to Rs 455 crore, despite rising 72% QoQ from Rs 265 crore in Q4 FY26.
Sky Gold and Diamonds shares surged after the jewellery manufacturer reported strong Q1 FY27 results, with revenue rising 78% and net profit jumping 141% YoY. The stock is also up sharply over the past year, while rising FII and mutual fund holdings add to investor interest.
Congress asked NCP (SP) MPs to tell PM Modi about the INDIA bloc's position. They want the women's reservation law implemented immediately without linking it to delimitation.
Pinarayi Vijayan alleges government employees face a frightening situation due to government wrongdoings. He cited a clerk's death and a doctor's heart attack as examples of stress. Vijayan criticized mass transfers for political reasons, causing civil service standstill. He also refuted claims about the previous Left government's employee benefits. The opposition leader accused the current government of withholding benefits and targeting temporary workers.
Har Ghar Tiranga 2026 Registration: The Har Ghar Tiranga 2026 campaign has officially launched, inviting citizens to participate in the Independence Day celebrations. Participants can proudly display the Tricolour and upload their selfies through the dedicated platform. This years campaign marks 150 years of Vande Mataram and features a special five-step tutorial to help citizens learn and sing the National Song. After participating in the campaign activities, citizens can also download their ce
Rahul Gandhi demanded Home Minister Amit Shah's resignation over alleged police brutalities, saying that student protesters had to face tear gas, lathis, and pellet guns during their demonstration. Gandhi said the youth will hold political leaders accountable for their actions. He criticised Prime Minister Modi's image and propaganda efforts.
Delhivery shares fell 4% after the logistics company reported a 65% YoY decline in Q1 FY27 net profit to Rs 32 crore, despite a 28% rise in revenue. Nuvama retained its Buy rating but cut the target price to Rs 570.
Kaynes Technology shares tanked 8% after the electronics manufacturing services firm reported a 24.4% YoY decline in Q1 FY27 net profit to Rs 56.4 crore. Revenue, however, surged 40.5% to Rs 946 crore, while EBITDA rose 29.5% to Rs 147.5 crore. The EBITDA margin narrowed to 15.6% from 16.7%, reflecting pressure on profitability despite strong revenue growth.
Titan shares gained 2% after the company reported a 63% YoY rise in Q1 profit. Citi and Motilal Oswal retained their Buy ratings, while Nuvama downgraded the stock to Hold and Emkay maintained Add. Heres what the four brokerages recommend.
On Monday, Indian stock markets witnessed a flat start, bolstered by robust first-quarter earnings. While the Sensex remained mostly unchanged, the Nifty crossed the crucial 24,580 mark. Leading the gains were Titan and ICICI Bank, whereas NTPC and Bajaj Finance showed some declines. Analysts express cautious optimism, attributing this to strong domestic demand and foreign institutional investor activity. Market trends indicate a potential consolidation within a defined trading range.
SBI shares gained 1.55% after the lender reported a 10% YoY rise in Q1 FY27 standalone net profit to Rs 21,121 crore, beating Street estimates. Net interest income rose 15% to Rs 46,992 crore, while operating profit increased 10%. Domestic NIM improved to 3%, while whole-bank NIM rose 5 bps sequentially to 2.86%.
Ardee Industries IPO allotment is expected today, August 10, with the issue witnessing 133.66 times subscription. The IPOs GMP of Rs 16 indicates a potential 30% listing gain, with shares expected to debut on the BSE and NSE on August 12.
A White Marubozu is a bullish candlestick pattern in technical analysis, formed when a stock opens at or near its low and closes at or near its high.
In 2026 so far, Titan has experienced a remarkable surge in market value, driven by consistent jewellery demand and the rise of organized players. The company's robust performance can be attributed to the effective strategies employed by Tanishq and CaratLane. Moreover, Titan is expanding beyond jewellery into watches and eyecare. This promising trajectory is further reinforced by strong Q1 earnings, boosting investor confidence significantly.
Anawil Wire & Engineering is set to list on the NSE SME platform today, August 10, with a 21% grey market premium (GMP) signalling a strong debut. Its IPO was subscribed 149.13 times, led by NII demand at 233.36 times, followed by QIBs at 164.56 times and retail investors at 104.22 times.
Adani Group's massive investments in infrastructure are proving advantageous for various publicly traded companies. These affiliates are not only seeing significant growth in their order books but also witnessing an upsurge in stock valuations. With a focus on expansion, Adani considers these businesses as essential collaborators, driving progress in the engineering and technology sectors and transforming revenue streams across multiple industries.
The Technocraft Ventures IPO entered its second day of bidding with 2.59 times subscription and an 11% grey market premium. Valued at Rs 251.88 crore, the issue offers shares in the Rs 200 to Rs 212 price band. Analysts have given it a Subscribe Long Term rating based on solid growth fundamentals.
The KKR-backed LEAP India IPO entered its second day of bidding on August 10, 2026, with an overall subscription of 26% on Day 1. Commanding a 10% grey market premium, the Rs 2,480 crore issue has drawn a Subscribe - Long Term rating from brokerages despite premium valuations.
NPCI plans to expand UPI internationally by targeting countries with large Indian diaspora populations, with CEO Dilip Asbe saying it could enter 15-20 markets over the next decade. NPCI is in talks with Japan, Malaysia and Bahrain, while exploring AI-enabled payments and building on UPIs presence in nine countries.
Market analysts have recommended subscribing to the issue, noting that Molbio Diagnostics valuations are broadly in line with industry benchmarks. The company is also being offered at a discount to the average P/E multiple of 64.9x for its listed peers, according to analysts.
The IPO comprises a fresh issue of 1.61 crore equity shares worth Rs 1,400 crore, along with an Offer for Sale (OFS) of 1.91 crore shares aggregating to Rs 1,666.89 crore. Under the OFS, BC Asia Investments XV Ltd. will offload shares worth nearly Rs 1,395 crore, while Mangalam Capital Pvt. Ltd. will sell shares valued at around Rs 272 crore.

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