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With investor interest resurging, favorable valuations, and regulatory issues resolved, the focus was on growing financial savings through mutual funds. Insurance and asset management sectors looked positive, but preference was given to private life insurers such as SBI Life, Max Financials, and HDFC Life due to strong growth prospects and better market positioning.

​Following the US Fed’s potential rate cut signal, Nifty topped 25,000 and Sensex hit a new high over 82,000, with seven Nifty50 stocks reaching 52-week highs.​

A total of 4,223 shares changed hands on the counter till 02:11PM (IST)

Sun Pharma Q1 Results: Sun Pharma reported a 40% increase in consolidated net profit to Rs 2,836 crore, surpassing estimates of Rs 2,638 crore. Revenue rose 6% YoY to Rs 12,653 crore. EBITDA grew 8% YoY to Rs 3,608 crore with margins at 28.5%. India formulation sales reached Rs 4,144 crore, up 16%, constituting 33.1% of total sales.

​So, as things stand today, if the factors continue there is no one-off in this Q1, it will depend on factors like the usual margin determinants, like commodities, forex, like discounts in the market because of volume we have some operating leverage or deleverage, it will depend on those factors. Some commodities are hardening, like copper and aluminium.

The company has lowered the pricing for the public offer to attract more investors. At the upper end of the price band, the post-issue market valuation comes to around Rs 33,522 crore.

Paras Healthcare filed DRHP with SEBI for an IPO aiming to raise ₹700 crore - ₹900 crore. The funds will be used for debt repayment and investments. The hospital chain operates eight facilities across North India, specializing in various medical areas like cardiac sciences and oncology.

Bank of Baroda maintained a 3.18% net interest margin for the June quarter, consistent with the previous year. CEO Debadatta Chand indicated optimism about achieving 12-14% credit growth for FY25, backed by solid performance in retail, agriculture, and MSME segments. The bank is managing fresh slippages effectively with enhanced collection efforts.

The IPO comprises a fresh equity issue of Rs 617.69 crore and an offer for sale (OFS) of up to 1.42 crore shares. Under the OFS, Ramneek Sehgal, Ramneek Sehgal and Sons HUF, Avneet Luthra, Mohinder Pal Sing Sehgal, Parmjit Sehgal, Simran Sehgal and Kanwaldeep Singh Luthra will be offloading their part stakes.

Revenue from operations in the reporting period increased 12% YoY to Rs 25,472 crore, compared with Rs 22644 crore in the corresponding period of last year.