Latest Stock Market News

Sapphire Foods India, which operates Pizza Hut and KFC restaurants in the country, reported a quarterly loss on Wednesday, as fast-food restaurant chains face stiff competition from local cafes and online kitchens.

Tata Capital is preparing for its IPO. The IPO aims to raise about $2.2 billion. The launch is expected in early September. The valuation target is around $12 billion. This valuation is higher than previous estimates. The IPO is buoyed by successful listings like HDB Financial Services. Market enthusiasm is growing. Other big listings are also anticipated.

PGIM India Mutual Fund sees investment opportunities in 3–6-year corporate bonds and long-duration bonds amid expectations of lower inflation and potential rate cuts. Short-term and dynamic bond funds are advised. Strong monsoon, easing inflation, and narrowing trade deficit support the outlook. Global yields remain elevated due to US economic strength.

GMR Airports Ltd. is considering a Rs 5,000 crore ($579 million) local-currency bond sale, according to people familiar with the matter, in what could be a record rupee issuance for India’s second-largest private airport operator.

M&M Financial Services shares dropped over 3% despite posting a 19.7% YoY rise in net interest income to Rs 2,267 crore and a 3.2% YoY increase in net profit to Rs 530 crore for Q1. The stock fell as investor sentiment was hit by elevated provisions and a dip in collection efficiency, overshadowing the earnings growth.

SpiceJet shares jumped 6% after the Supreme Court dismissed a Rs 1,323 crore damages appeal by KAL Airways and Kalanithi Maran. Courts criticized their delay and concealment in the share transfer dispute. Despite the win, analysts remain cautious, with a consensus ‘Sell’ rating and Rs 36 target price.

MRPL shares rose 6.4% on earnings recovery hopes despite a Q1 loss due to shutdowns and weak margins. Yes Securities retained a ‘buy’ with a Rs 180 target. Strong Q2 outlook, discounted Russian crude, and future petrochemicals expansion support long-term growth, while an HPCL merger appears unlikely before FY27.

Kesar Enterprises shares: The agenda includes a proposed hike in authorised capital, a stock split, and a reclassification of the authorised share capital. The board will also consider related amendments to the Capital Clause in the Memorandum of Association.

Bajaj Finance is expected to post steady Q1 numbers, with PAT likely rising up to 19.5% YoY and NII seen jumping up to 24%. Analysts will track AUM growth, asset quality, credit costs, digital progress, margin trends, and FY26 guidance commentary.