Cerebras shares fell 12.7% amid valuation and profitability concerns, while its new CS-4 AI accelerator aims to challenge Nvidia. Investors await evidence of scalable adoption and sustainable growth.
HG Infra Engineering shares rose after the company received a letter of intent from REC Power Development and Consultancy for constructing two 220/132/33 kV AIS substations and associated transmission lines in Uttar Pradesh.
Chinese stocks tumbled on Wednesday as semiconductor and robotics shares came under heavy selling pressure, with weak corporate earnings and concerns over the broader economy weighing on sentiment. The CSI300 fell 2.4%, while the Shanghai Composite dropped 2%. Hong Kong shares edged higher. Meanwhile, humanoid robot maker Unitree surged nearly 500% in its Shanghai debut, drawing strong investor interest.
RailTel shares gained nearly 5% after the company received a Rs 166.80 crore work order from EPFO for a one-year extension of its Infrastructure-as-a-Service engagement. While the order strengthens revenue and order-book visibility, technical indicators remain weak, with the stock trading below all 8 monitored SMAs and its RSI at 32.5. FII holding also rose modestly in the June 2026 quarter.
Gold prices slipped on the MCX but edged higher internationally as easing Treasury yields supported demand. However, rising oil prices and renewed inflation concerns could limit the scope for US rate cuts, weighing on gold. With traders pricing a 35% chance of a September rate hike, experts Christopher Wood and John Paulson see the recent correction as a buying opportunity.
CLSA downgraded several large IT stocks and cut their target prices amid continued AI-related concerns, while retaining a bullish view on select mid-tier IT companies. The brokerage said Q1 earnings were mixed across Indian IT and global peers, but expects AI-driven volumes to eventually offset pricing deflation by FY30.
Milky Mist shares hit another 10% upper circuit on Wednesday, taking their gains to 42.5% from the IPO price of Rs 140. Analysts remain positive on the company’s strong foothold in value-added dairy products, improving margins and growth prospects, but caution that valuations are elevated. Existing investors have been advised to hold and accumulate on meaningful dips.
Zaggle Prepaid Ocean Services shares surged after Kedia Securities, owned by investor Vijay Kedia, acquired 20 lakh shares, or a 1.48% stake, through a bulk deal at Rs 164.72 apiece. The purchase came a day after the stock fell 20% following weak Q1 FY27 earnings.
L&T Technology Services shares gained up to 3.3% after the engineering services company secured a five-year deal worth more than $75 million from a leading global technology enterprise. The mandate spans product engineering, software development, testing, digital engineering, and a dedicated Engineering Center. Technically, the stock remains in neutral territory, with short-term momentum improving but the longer-term trend awaiting confirmation.
Lalithaa Jewellery Mart IPO enters its third and final day of bidding on August 19, 2026, commanding a 20 per cent grey market premium. Subscribed 3.07 times on Day 2, analysts highlight its strong South India expansion, attractive P/E valuation, and impressive FY26 financial performance for long-term investors.
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