Profit by knowlytics
The IPO is entirely an Offer for Sale (OFS) comprising more than 2.59 crore equity shares, which means the proceeds will go to the existing shareholders, while the company itself will not receive any funds from the offering.
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Oracle Financial Services Software shares rose 5% on Thursday. The company reported a 121% year-on-year net income increase. Revenue from operations also saw a substantial 69% jump. New agreements with major global financial institutions were highlighted. Management attributed success to AI-first strategy and product modernization.
Leading brokerage firms have identified twelve Indian stocks for investment. Goldman Sachs favors Reliance Industries and Adani Power among others. InCred Equities sees significant upside in APAR Industries and CONCOR. Axis Bank has also recommended Chalet Hotels and Ujjivan Small Finance Bank. These selections offer potential growth opportunities for investors in the current market.
Sotefin Bharat is set to debut on the BSE SME platform on July 23, with grey market premium (GMP) trends indicating a largely flat listing. Despite subdued GMP, the Rs 89.76-crore IPO was subscribed 3.78 times overall, backed by healthy participation across investor categories. The company plans to use the IPO proceeds to expand manufacturing…
Indian stock markets extended losses for a fourth session on Thursday. Sensex and Nifty declined as oil prices surged following US strikes on Iran. Broader market indices also saw a downward trend, with several sectors opening in the red. Escalating tensions pushed Brent crude futures above ninety-six dollars per barrel. This situation presents opportunities for…
IndusInd Bank shares fell despite reporting a 72% year-on-year jump in Q1 FY27 net profit to Rs 1,037 crore and brokerages raising target prices. Investors remained cautious as net interest income stayed largely flat at Rs 4,685 crore. The lender’s profitability was supported by an improvement in net interest margin to 3.57%.
Shares of Eternal climbed 3% after its Q1FY27 earnings, with brokerages reaffirming bullish views on the stock. JPMorgan, CLSA, Jefferies, Nomura, Motilal Oswal and Emkay retained positive ratings, citing accelerating growth in food delivery and Blinkit, improving quick commerce profitability, stronger margin guidance and management’s confidence that competitive intensity has become more predictable.
Dr Reddy’s shares plunged 9% on Thursday after the drugmaker reported a weak Q1 FY27 performance, with net profit tumbling 69% year-on-year to Rs 443 crore and revenue declining 6% to Rs 8,071 crore. Earnings were hit by a Rs 240 crore semaglutide API-related impact, including inventory provisions, while higher solvent and freight costs due…
11 smallcaps have at least doubled in six months, led by Sterlite Technologies’ 451% jump, as FIIs raised stakes across the March and June 2026 quarters. The parallel rise signals selective conviction, but analysts warn the sharp rerating leaves little room for earnings misses.