The Economic Times

Marksans Pharma shares surged after Q1FY27 profit jumped 174% YoY to Rs 159 crore. Revenue rose 35.6% to Rs 841 crore, while EBITDA hit a record Rs 213 crore, driven by strong growth in its UK and Europe formulation businesses.

As N. Chandrasekaran prepares to step down, Tata Sons faces a pivotal succession dilemma. The new chairman will take the reins of iconic brands including Air India and JLR, each laden with intricate challenges. TCS is set to embrace the advancing AI landscape while Tata Digital strives for profitable growth.

Cupid shares gained 8.8% in two days after the company reported a threefold rise in Q1 FY27 net profit to Rs 44 crore, while revenue surged 159% YoY to Rs 155 crore. Strong operating performance, margin expansion and a higher FY27 guidance have strengthened the outlook for the stock.

Central Bank of India has successfully mobilized $250 million under the RBI's FCNR-B window, surpassing its internal target of $100 million for July. The bank raised these funds through its GIFT City branch and aims for $400 million by September. The Reserve Bank of India introduced this special window to boost foreign capital inflows.

Tata Groups combined market value has grown 3.3-fold to Rs 22.5 lakh crore since N Chandrasekaran took charge in 2017. With his exit set for February, investors now face a key question: can Tata stocks sustain their strong wealth creation amid leadership uncertainty and growing company-specific challenges?

Indias superstar investors outperformed the Nifty in Q1 FY27, with portfolio values rising as much as 40%. Ashish Dhawan led the pack with a nearly 40% gain, followed by Ashish Kacholia and Hemendra Kothari. Vijay Kedia, Akash Bhansali and other marquee investors also posted strong gains, even as the broader market remained cautious amid heightened volatility.

Hindustan Aeronautics reported an impressive fifteen percent increase in net profit for the first quarter, showcasing robust financial health. Alongside, the company observed a fourteen percent year-on-year rise in operational revenue for the April-June period of the fiscal year twenty twenty-seven. Released on a Wednesday, the findings revealed that HAL shares experienced slight gains following this promising report.

Ardee Industries shares fell nearly 7% from their BSE listing price after a strong debut, but remained over 29% above the IPO price. With analysts advising IPO allottees to hold with a stop-loss and fresh buyers to wait for dips, heres what investors should know about the stock.

State Bank of India underwrote nearly one lakh crore rupees in MSME loans using artificial intelligence. AI is also automating the processing of cheques up to ten thousand rupees. This technology frees up relationship managers' time for other important tasks. The bank deploys AI across the customer lifecycle for various functions. Benefits include improved customer satisfaction and employee efficiency.

The Indian stock market witnessed sharp selling on Wednesday, with the Sensex dropping over 570 points and Nifty sliding below 24,300. The decline was triggered by Tata Sons Chairman N Chandrasekaran's resignation and rising crude oil prices, dragging down major Tata Group stocks and erasing over Rs 2 lakh crore in investor wealth.

Milky Mist Dairy Food IPO was fully subscribed on Day 2, with strong retail and NII demand. The GMP rose to over 17%, while Anand Rathi gave the issue a Subscribe Long Term rating, citing growth prospects but noting its premium valuation.

Dish TV India reported a consolidated net loss of Rs 286 crore for the quarter ended June 30, 2026, as subscription revenue fell 41% to Rs 161 crore. Total expenses rose 46% amid shifting consumer viewing habits, while the company continued expanding its VZY Smart TV ecosystem to drive connected entertainment.

Pratilipi is preparing for an IPO, targeting banker appointment by October and FY27 revenue of Rs 400 crore. Its expansion into publishing, microdramas, comics and IP licensing is driving growth, while its TikTok partnership has delivered 500 million views. The company is also leveraging AI to accelerate content production and multilingual adaptations, supporting its broader IP ecosystem ambitions.

A 21-year analysis by Abakkus Mutual Fund shows how missing the stock markets strongest days can significantly hurt long-term returns. For the Nifty 50 TRI, CAGR fell from 13.67% to 11.31% when the best five days were missed, and dropped to just 1% for investors who missed the best 50 days.

Retail traders are observing a proposed No Trade Day on August 12 to protest the newly introduced Closing Auction Session (CAS), higher securities transaction tax and changing market rules. The campaign follows concerns over increased volatility and divergence in closing prices since CAS was introduced.

The Securities and Exchange Board of India has confirmed that no manipulation exists within the newly established closing auction system. This session, which establishes closing stock prices, strives to meet international norms. Since its inception, participation in the closing auction has progressively increased. The regulator is actively considering feedback to amplify market participation. This reform is essential in reducing tracking discrepancies for passive investment funds.

The Supreme Court will hear Tamil Nadu's plea on August 17. This hearing concerns Karnataka's compliance with Cauvery water release orders. The matter was postponed due to a judge's illness, which caused a delay. Tamil Nadu seeks enforcement of the Cauvery Water Management Authority's directives. The court aims to ensure Tamil Nadu receives its rightful water share.

NALCO and Hindalco shares rallied sharply on Wednesday as global aluminium prices hit a seven-week high amid Middle East tensions and fresh supply concerns. A production cut at Brazils Alunorte refinery, multi-decade-low LME inventories and disrupted Middle East shipments have tightened the market, supporting aluminium prices and Indian producers.

The Supreme Court will hear a plea concerning essential service disruptions during protests. Counsel informed the bench about disturbances to ingress and egress. The court questioned how to issue a specific direction for such issues. This petition was tagged with a pending plea regarding Jantar Mantar protests.

Caro Claire Burke's debut novel Yesteryear has become a significant social media phenomenon. The book explores themes of American fantasy and the performance of womanhood. Anne Hathaway acquired film rights before the novel's official publication date. Yesteryear has spent seventeen weeks on the New York Times bestseller list.

Rahul Gandhi rejected Amit Shah's debate offer on student protests, demanding accountability. He questioned who ordered the alleged police action against students during recent protests. Amit Shah stated the government is ready for a detailed parliamentary discussion on the matter. He countered accusations of absence, citing opposition disruptions in Parliament. The standoff has caused repeated disruptions in both houses of Parliament.

N Chandrasekaran resigned as Tata Sons chairman, ending his nearly decade-long tenure, with his term set to expire in February 2027. His reappointment had received support from Tata Trusts, the nomination committee and board but stalled after opposition from one director. Under Chandra, Tata expanded into aviation, semiconductors, electronics, batteries and digital businesses, while group revenues and profits rose sharply.

Four stocks Amara Raja Energy & Mobility, Kalpataru Projects International, Sumitomo Chemical India and Mangalore Refinery and Petrochemicals are showing bullish technical setups, with breakouts, improving momentum and supportive moving-average structures pointing to further upside, according to HDFC Securities analysts.

The Rs 251.88-crore Technocraft Ventures IPO received strong investor interest, with its GMP rising to around 12.74% from 11% earlier, signalling expectations of a positive listing. Investors are likely to learn their allotment status today.

Dhoot Transmission IPO entered its final day with the issue seeing strong investor interest and a grey market premium of around 29%. Analysts remain positive, with Anand Rathi recommending a long-term subscription and Ventura assigning a Subscribe rating, citing the companys EV focus, premiumisation strategy and strong customer base.

Behari Lal Engineerings Rs 302-crore IPO saw solid demand on Wednesday, led by retail investors who booked 70% of their reserved portion. The issue, priced at Rs 271285 per share, comprises a Rs 93-crore fresh issue and an OFS of 73.2 lakh shares.

Molbio Diagnostics IPO entered its final bidding day with strong demand, with the Rs 939.70-crore issue subscribed 4.91 times. Its GMP has risen to 17.1%, signalling expectations of a strong listing. The IPO comprises a Rs 200-crore fresh issue and a Rs 739.70-crore OFS.

Blue Cloud Softech Solutions shares surged 23% in two days after its US subsidiary announced a $150 million deal with Malaysia-based SpaceX International. However, the company clarified that the entity has no connection with Elon Musks SpaceX. The sharp rally appears to have been driven partly by confusion over the names.

The Rs 2,480-crore LEAP India IPO is likely to see allotment today after receiving strong investor demand, with the issue subscribed 8.38 times. QIBs led the bidding with 16.84x subscription, followed by NIIs at 12.64x and retail investors at 1.71x. Meanwhile, the IPOs GMP signals an estimated 8.8% listing premium.

ideaForge Technology shares fell 9.5% over two days after JM Financial downgraded the stock to Add from Buy, citing valuation concerns following a sharp run-up despite strong long-term prospects. The brokerage expects order inflows to remain weak in FY27 before recovering in FY28 and FY29, while execution momentum and operating leverage could support significant revenue and margin growth.

N Chandrasekaran has revealed that one Tata Sons Board member did not support his proposed five-year extension, preventing the resolution from securing unanimous backing. After six months without a decision, Chandrasekaran said he would not seek reappointment when his term ends on February 20, 2027, citing the need for leadership clarity.

TD Power Systems shares surged after the company reported a strong Q1FY27 performance. Profit after tax rose 72% YoY to Rs 86 crore, while revenue and EBITDA jumped 71% and 72%, respectively, driven by robust operational growth.

Finolex Cables shares rose sharply on Wednesday after the company reported a 52.6% YoY rise in Q1 FY27 net profit to Rs 208.2 crore. Revenue surged 44.3% to Rs 2,013.15 crore, crossing the Rs 2,000-crore mark, while EBITDA rose 79% and margins expanded amid strong operational performance.

Shares of Tata Group companies fell, primarily driven by TCS. N Chandrasekaran stepped down as Tata Sons chairman ahead of the scheduled AGM on August 18, yet he will continue in his role until February 2027. His exit raises questions about the upcoming board meeting, particularly regarding the influence of Tata Trusts, which holds the majority stake.

N Chandrasekaran has stepped down as Tata Sons chairman, ending a significant tenure. ET had first reported Chandrasekaran is considering stepping down as Tata Sons chairman. His departure follows disagreements within Tata Trusts regarding business performance and capital needs. The group's revenue and profit saw substantial growth under his leadership. Chandrasekaran's exit creates a leadership transition for the conglomerate. This occurs as the group makes major investments in new ventures.

Dr Agarwals Health Care shares dropped on Wednesday after a Rs 2,065-crore block deal involving 4.07 crore shares. Hyperion Investments and Claymore Investments were likely sellers, according to term sheet details. The block deal came after the company reported a 44.6% YoY rise in Q1 FY27 profit to Rs 55 crore.

Shares of Multi Commodity Exchange (MCX) rose more than 2% after Sebi proposed widening foreign portfolio investors

Senco Gold shares fell 8.16% after the company reported mixed Q1 FY27 results. While consolidated revenue surged 67% YoY to Rs 3,056 crore, PAT declined 3% to Rs 101 crore. EBITDA rose 16% to Rs 213 crore, but margins contracted sharply amid promotional discounting, lower gold prices and customs duty changes, weighing on profitability and investor sentiment.

In August, Axis Direct introduces 44 stock recommendations, advocating a buy-on-dips approach. The banking, capital goods, and realty sectors exhibit promising technical patterns for investors. Additionally, consumer durables, healthcare, power, and auto sectors are projected to perform well. However, a selective caution is suggested for FMCG, metals, and oil & gas stocks as the brokerage predicts sustained momentum across various key market areas.

In August, Axis Direct introduces 44 stock recommendations, advocating a buy-on-dips approach. The banking, capital goods, and realty sectors exhibit promising technical patterns for investors. Additionally, consumer durables, healthcare, power, and auto sectors are projected to perform well. However, a selective caution is suggested for FMCG, metals, and oil & gas stocks as the brokerage predicts sustained momentum across various key market areas.

Manappuram Finance shares witnessed an uptick on Wednesday after Q1 FY27 profit surged nearly four-fold to Rs 585 crore. Jefferies raised its target price to Rs 430, citing better NII and lower provisions, while Morgan Stanley also raised its target. CLSA retained a Hold rating, with a Rs 350 target price.

Over the past year, foreign investors have unloaded $5.2 billion worth of FMCG stocks, largely due to the challenges stemming from inflated valuations and rising input costs. Companies are now transferring these increased costs to customers, resulting in weak volume growth and declining margins. For a recovery to take shape, analysts emphasize the need for enhanced consumer spending and stable commodity prices.

Shares of Zydus Lifesciences saw a decline of more than two percent following the announcement of a notable profit drop. The net profit plunged thirty-six percent year-on-year for the first quarter, despite a nearly twenty-two percent increase in operational revenue. Expenses surged by over forty-one percent. However, the managing director remains optimistic about future prospects. Analysts at Nuvama have upgraded the stock to 'Buy', setting a higher price target.

Despite underwhelming debuts for eleven IPOs, the market has witnessed a remarkable recovery in their valuations. Stocks have soared impressively, with gains ranging from 23% to a staggering 222% over their initial offer prices. Notably, Omnitech Engineering rebounded dramatically, rising by 222% after an initial drop of 9.63%. This underscores the fact that performance on listing day may not accurately predict long-term success.

On Wednesday, Indian stocks experienced a downturn as oil prices approached $90 per barrel. Analysts attribute this decline to geopolitical tensions in the Middle East, which are hampering market momentum. Despite this, the resilience of India's growth suggests improved corporate earnings for FY27, while mid and small-cap stocks have been highly active due to recent results.

Godrej Consumer Products Ltd. shares tanked over 10% after MD & CEO Sudhir Sitapati resigned unexpectedly. Aasif Malbari takes over as the new CEO. Despite potential near-term sentiment overhang, brokerage firm Citi maintained its Buy rating with a target price of Rs 1,350, citing intact strategy and unchanged FY27 guidance.

Sawan Amavasya, also known as Hariyali Amavasya, will be observed on August 12, 2026. Devotees will worship Lord Shiva and perform rituals for their ancestors on this auspicious day. The Amavasya Tithi begins early on August 12 and concludes late that evening. Bathing in holy rivers and making donations are considered highly beneficial practices. These traditions are believed to bring peace, happiness, and ancestral blessings to families.

RBI's requirement for upper-layer shadow lenders leaves Tata Sons facing an inevitable public listing. To resolve long-standing friction with minority owner Shapoorji Pallonji Group over illiquid shares, Tata Sons could emulate Scottish group Jardine Matheson by simplifying its corporate structure, buying out SP Group's stake, and using differential voting rights during an IPO to preserve control and financial stability.