Latest Stock Market News

Amansa Investments Ltd has invested Rs 250 crore in pharma formulation firm Rubicon Research Ltd through a pre-initial public offering (IPO) funding round.

JSW Cement, which debuted on exchanges on Thursday, aims to be among the top two cement producers in the country, managing director Parth Jindal said.

Indian Oil reported doubling of net profit to Rs 5,689 crore in the June quarter from Rs 2,643 crore a year earlier buoyed by robust marketing margins.

Microfinance company Spandana Sphoorty Financial suffered a consolidated net loss of Rs 360 crore in the first quarter of the fiscal, making it the fourth consecutive quarterly loss, on account of high asset quality stress and drop in business volume as well as income.

United Spirits shares: United Spirits Ltd, controlled by Diageo, reported a 14% YoY drop in Q1FY26 consolidated net profit to Rs 417 crore, despite a slight revenue uptick to Rs 6,295 crore on steady growth in its core beverage alcohol and sports segments. Total expenses rose 2.79% to Rs 5,776 crore.

Vishal Mega Mart s shares experienced a surge following the announcement of robust first-quarter FY26 results. The company s Profit After Tax (PAT) witnessed a substantial 37.2% increase, reaching Rs 206.10 crore, while revenue from operations grew by 21% to Rs 3,140.30 crore. This impressive performance reflects the strength of their strategy in providing affordable products to consumers across India.

Ansid Capital s Anurag Singh notes US market strength amid US-Russia summit anticipation. Confidence in tariff policies and solid earnings contribute. Rate cuts are expected, potentially leading to new market highs. Singh believes oil prices will remain affordable. He adds that US markets look solid and good and will probably touch 6,600 or 6,800 or even maybe 7,000 by year end.

Ashok Leyland posted a standalone net profit of Rs 593.73 crore for Q1 FY26, up 13% YoY, on revenue of Rs 8,724.51 crore, a 1.5% rise. Consolidated net profit attributable to owners rose 20% YoY to Rs 611.07 crore. The company saw record Q1 commercial vehicle volumes, improved margins, and strong contributions from core and export businesses.

Anshul Saigal of Saigal Capital suggests attractive valuations in private and PSU banks, anticipating improved credit growth. While alcobev offers long-term potential, high valuations warrant caution. Consumption, metals, and textiles are poised for growth due to tax cuts, rising global demand, and India s strong position, respectively, despite short-term challenges.