The Economic Times

Shein, the online fashion retailer, is gearing up for an initial public offering (IPO) in Hong Kong later this week. The brand is actively promoting its share offering to investors, aiming for a valuation between $30 billion and $40 billion. This ambitious target underscores Shein's strong market presence and expansion plans. The IPO is anticipated to commence as early as next Wednesday.

MRF reported a 6.5% YoY decline in Q1FY27 net profit to Rs 479 crore, despite a 10% rise in revenue to Rs 8,416 crore. EBITDA fell 7.5%, while margins contracted to 11.77% from 13.95%. Higher material costs weighed on profitability. Shares fell 3% following the results. The company also announced two senior management appointments.

Jupiter Wagons marked a notable surge in share prices due to securing significant contracts for freight wagons and energy storage solutions. With orders exceeding Rs 211 crore from the JSW Group and OASPL, alongside two battery energy storage initiatives worth Rs 400 crore, the company aims to bolster its market share in India, targeting a Rs 1,000 crore BESS order book by FY27.

Motor insurers are intensifying efforts to curb third-party claim fraud as rising court awards and more uninsured vehicles increase pressure on the segment, potentially affecting insurance costs. Go Digit secured a Madras High Court order for district-level probes in Tamil Nadu into fraudulent claims, while insurers also face higher liabilities following a recent Supreme Court ruling on compensation.

Aarti Pharmalabs shares have surged 33% in two days after the company reported a 65.4% year-on-year rise in Q1FY27 profit and 38.7% growth in revenue. The rally was further supported by a Rs 149-crore capex plan to add 405 KL of capacity for its CDMO and intermediate businesses.

Paper Towel Roll in Fridge: A paper towel roll can be placed inside the refrigerator door for convenience. This hack allows for quick wiping of small spills and condensation. Paper towels absorb minor moisture but do not significantly reduce overall fridge humidity. The trick does not create more storage space but encourages better organization. This tip is for quick cleaning and not a substitute for regular refrigerator maintenance.

Priyanka Gandhi Vadra stated Rahul Gandhi met students protesting in Jharkhand. NDA MPs protested in Parliament, accusing the opposition of avoiding discussions. The Jharkhand student agitation intensified after clashes with police forces. Priyanka Gandhi demanded Union Home Minister Amit Shah make a statement. The opposition seeks government response and addressing protester concerns.

Assam teenager Janmoni Konwar went from living in a flood shelter to winning karate gold in Delhi after PhysicsWallah founder Alakh Pandey helped her reach the championship. Despite her familys home being submerged, the 17-year-old won all three bouts, including a 10-2 victory in the final.

Australian Prime Minister Anthony Albanese declined to apologize for crude remarks. He made jokes about a gift from Japan's Prime Minister Sanae Takaichi. Opposition leaders called for an apology over the disrespectful comments. Albanese stated he rejects the assertion that his behavior was insulting. Foreign Minister Penny Wong also defended the prime minister's intentions.

In a recent statement, CS Setty, Chairman of the State Bank of India, underscored AI's transformative potential for the Indian banking sector. He asserted that widening credit opportunities for small businesses and farmers through AI is essential to realize India's ambition of a developed economy by 2047. Additionally, AI could refine farm-level decision-making and risk management, as banks strive to enhance defenses against advancing cybersecurity threats.

RBI Governor Sanjay Malhotra said banks that succeed in the AI era will be those that understand the technology they deploy and maintain clear accountability for its outcomes, rather than simply adopting AI faster. Speaking at FIBAC 2026, he said AI will reshape risk assessment, customer service, capital pricing and banking operations, while Indias digital public infrastructure provides a strong base for AI adoption.

Vijay Singh has resigned as a trustee of the Sir Ratan Tata Trust. He will continue serving the Sir Dorabji Tata Trust for another year. The Sir Ratan Tata Trust faces regulatory issues and internal disagreements. Singh's departure follows earlier exits from another trust board. This marks a significant shift within the prominent Tata philanthropic organization.

Chinese stocks traded mixed and Hong Kong shares edged lower as investors weighed fading hopes of a US-Iran peace deal and its impact on oil prices. Crude stayed near one-week highs amid Strait of Hormuz disruptions, fuelling concerns over global supplies and inflation.

Oil India shares jumped over 5% after strong Q1FY27 results prompted Emkay Global to upgrade the stock to

Jubilant Pharmova shares fell after Q1 profit plunged 45% YoY to Rs 56 crore, despite revenue rising 17% to Rs 2,229 crore. The profit decline was attributed to weaker operating profitability and higher depreciation, while strong growth across segments, led by CDMO Sterile Injectables, boosted revenue.

PC Jeweller shares rose sharply after Q1FY27 profit jumped 37% year-on-year and revenue grew 21%. The jewellery retailer also reported a sharp improvement in operating profitability, continued progress on debt repayment and increased FII holding. With plans to become debt-free and raise up to Rs 1,000 crore via QIP, key triggers remain.

Four newly demerged Vedanta entities could attract combined passive inflows of up to $159 million following the NSE Indices September 2026 reshuffle, according to Nuvama Alternative and Quantitative Research. Vedanta Aluminium Metal is expected to receive the bulk of the inflows, while Vedanta Power and Vedanta Iron and Steel could each see around $3 million.

Info Edge shares jumped over 4% after the company reported a strong Q1 FY27 performance, with consolidated net profit rising 43% year-on-year to Rs 490 crore. Recruitment billings grew 17.5%, while operating profit rose 25%. Nomura, Nuvama and Motilal Oswal retained their respective ratings, with Nomura and Nuvama maintaining Buy calls and raising target prices.

Nifty's price-to-book ratio has dipped below three for the first time in years, highlighting a significant shift. Despite this, earnings remain at high valuations, suggesting minimal potential for multiple expansions. Future advancement in the market will depend more on profit enhancements instead of valuation adjustments. India's economic outlook looks promising, with several firms outperforming expectations, necessitating careful stock and sector choices to achieve alpha.

Gland Pharma shares rose sharply after Q1FY27 profit rose 47% and revenue grew 20% year-on-year. While strong margins and CDMO growth prompted Elara Securities to raise its earnings estimates, the brokerage downgraded the stock to Accumulate from Buy after its 40% three-month rally, citing limited near-term upside.

Paytm shares have soared over 410 percent from their lowest levels, igniting hopes among investors that the stock will soon hit its initial public offering price. Bernstein's increased target price offers a promising outlook, suggesting a strong uptrend following a period of consolidation. The future of this recovery will hinge on key support levels as the market evolves.

The rivalry in the quick commerce sector heats up as Q1 results show stark contrasts between Eternal and Swiggy. While Swiggy leans towards aggressive growth supported by robust funding, Eternal places its bets on profitability and improved operations. Both firms are vying for ambitious long-term goals that investors will be keen on observing, particularly in how they each navigate the balance between expansion and profitability.

Life Insurance Corporation of India has notably trimmed its investments across several leading firms. The reductions in shareholdings were particularly pronounced in Infosys and Vedanta during the latest quarter. Other corporations such as Oil & Natural Gas Corporation and Tata Consultancy Services also reported diminished stakes. Additionally, firms like HCL Technologies and Reliance Industries saw similar decreases. These strategic portfolio adjustments highlight evolving market dynamics and i

Shankesh Jewellers has officially unveiled its Rs 367 crore IPO, which will be available from August 18 to 20. The equity share price has been set between Rs 88 and Rs 93. Anticipated proceeds will be utilized for working capital needs as well as debt repayment. Shares are expected to debut on both BSE and NSE on August 25.

This week, India's IPO market shines brightly as five firms successfully raise over Rs 7,000 crore. Analysts highlight Dhoot Transmission and Molbio Diagnostics as the leading choices for savvy investors. Milky Mist Dairy Food stands out as a reliable option for branded food consumption, while Shiprocket presents an intriguing digital commerce opportunity, albeit with certain execution risks. Investors have various factors to consider, including valuations and sector growth.

BSE will replace Wipro in the Nifty 50 from September 30, with Nuvama estimating $695 million inflows into BSE and $240 million outflows from Wipro. BSE shares are up 37% in 2026 despite a 6% monthly decline.

In a bold move, retail investors invested a whopping Rs 18,000 crore in six blue-chip stocks that were on a downward trend. They scooped up shares of Infosys, Reliance Industries, TCS, Wipro, HCL Technologies, and ITC during the June quarter. While retail players flocked to these tech stocks, institutional investors were offloading their shares.

On August 10, four stocks in the NSE F&O pack recorded a rise of more than 10% in futures open interest compared with the previous trading session. A sharp increase in futures open interest indicates growing participation in the derivatives market, with traders either initiating new positions or expanding existing ones.

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The Molbio Diagnostics IPO entered its second day with strong investor interest, as the grey market premium (GMP) climbed to 17% from 15% earlier. The issue was subscribed 83% on Day 1, with retail investors subscribing to 77% of their quota. The Rs 939.70-crore IPO comprises a Rs 200-crore fresh issue and Rs 739.70 crore OFS.

On Tuesday, Indian stock markets experienced a downturn influenced by increasing oil prices and escalating tensions in the Middle East. Nevertheless, the broader markets displayed resilience as small and midcap indices thrived. Foreign institutional investors found encouragement in favorable Q1 outcomes and a stable rupee, suggesting that the market could maintain its strength with a slight upward trend. Strong domestic consumption is projected to support earnings growth through FY27.

Raymond Lifestyle expects Europe to contribute up to 25% of its exports within two years as the apparel maker reduces reliance on the US amid shifting tariff policies. CEO Satyaki Ghosh said European inquiries have risen after Indias trade deals, while new customers and expanded production capacity are supporting growth.

Lalithaa Jewellery Mart has set the price band for its Rs 1,700-crore IPO at Rs 190-201 per share. The issue comprises a Rs 1,200-crore fresh issue and a Rs 500-crore OFS by promoter Kiran Kumar Jain. With 61 stores across southern India and a strong presence in Tier II and III cities, the IPO opens on August 17.

Four Nifty500 stocks featured in StockEdges White Marubozu scan on August 10, signalling strong buying pressure. Syrma SGS, Cemindia Projects, Avenue Supermarts and Jubilant Pharmova gained between 3.29% and 6.44%.

Aegeus Technologies is set to debut on the BSE SME platform after its Rs 23.71 crore IPO was subscribed nearly 30 times. The latest grey market premium of Rs 12 implies a potential listing price of Rs 117. The robotics and automation company reported 88% revenue growth and 189% profit growth in FY26.

On August 10, four Nifty500 stocks showed strengthening RSI momentum after crossing above 50, signalling potential upward movement. Avenue Supermarts, MCX, Allied Blenders and Jubilant Pharmova featured in the scan.

The Rs 251.88-crore Technocraft Ventures IPO entered its final day of bidding with GMP climbing to 14%. Overall subscribed 4.73 times on Day 2, the issue is backed by strong 54% profit growth in FY26, prompting brokerages to give a Subscribe for Long Term rating.

Adani Group stocks are in focus after a US judge dismissed criminal charges against Gautam Adani, while clarifying the decision did not endorse the Justice Departments move or assess the charges merits. The ruling followed scrutiny of Adanis $10 billion US investment pledge. Adani Group has consistently denied wrongdoing in the case.

The Rs 2,480-crore LEAP India IPO entered its third and final day of bidding on August 11, with the grey market premium hovering around 8%. Backed by KKR and showing strong 66% YoY profit growth in FY26, analysts recommend a subscribe for long term despite aggressive valuations.

The Rs 3,066.89-crore Dhoot Transmission IPO entered its second day of bidding on Tuesday, August 11, with the grey market premium signaling a potential 30% listing gain. Backed by solid FY26 financials and strong demand in retail and NII segments, market analysts have maintained a subscribe rating for long-term investors.