Latest Stock Market News

LIC increased its stake in SBI from 9.21% to 9.49% through participation in SBI’s record Rs 25,000 crore QIP. The offering saw overwhelming interest, receiving bids worth Rs 1.10 lakh crore from 120 institutional investors globally.

State Bank of India (SBI) on Monday said it has raised Rs 25,000 crore through Qualified Institutional Placement (QIP) to fund business growth.

Financial services company Choice International on Monday reported a 50 per cent rise in its consolidated profit after tax to Rs 47.96 crore for the quarter ended on June 30, 2025, driven by broad-based growth across its business verticals and operational efficiency.

Dhanlaxmi Bank posted a Q1 FY26 net profit of Rs 12.18 crore versus a Rs 8 crore loss a year ago. This turnaround came despite a spike in provisions. Asset quality improved, with gross NPAs falling to 3.22%, and total income rose to Rs 407 crore from Rs 338 crore last year.

Havells India reported a 14% YoY drop in Q1 net profit at Rs 352 crore, with net sales down 6% due to a weak summer hitting AC, fan, and cooler sales. However, its cables and switchgear segments posted strong growth, partly offsetting losses from the Lloyd appliance segment.

Market regulator Securities and Exchange Board of India (Sebi) has given conditional relief to U.S. trading giant Jane Street, allowing it to access the securities market and carry out trading activities.

Milky Mist Dairy Food has filed for a ₹2,035 crore IPO, including a ₹1,785 crore fresh issue. Funds will be used for debt repayment, capacity expansion, and distribution network enhancement. The company focuses exclusively on value-added dairy products.

The Nifty Realty index was trading 2.87 per cent up at 1021.65.