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JSW Steel’s profit more than doubled year-on-year to 4,696 crore in the June quarter. Robust revenue growth and higher volumes aided the company’s strong financial performance. Consolidated revenue from operations rose around ten percent on year to 47,364 crore. Total expenses grew less than four percent on year, which helped profitability. The company’s net debt…
Xtranet Technologies will launch its Rs 166.8 crore IPO on July 23 at a price band of Rs 120-127 per share. The issue, comprising a fresh issue of 1.31 crore shares, will fund debt repayment, capital expenditure and working capital, with listing scheduled on July 30.
The IPO market will remain active next week with five public issues opening for subscription, including mainboard offerings from Xtranet Technologies and Cube Highways Trust InvIT. Investors will also watch four listings, led by SBI Funds Management, as strong demand and healthy grey market premiums keep primary market sentiment buoyant.
Wall Street’s semiconductor index slipped into bear market territory after tumbling more than 20% from its June peak, raising fresh questions over the sustainability of the AI-driven rally. A new AI model from China’s Moonshot and concerns over heavy AI spending triggered a broad selloff across global technology stocks.
Midcap stocks have staged a strong comeback in 2026, with Oracle Financial Services, Solar Industries and BSE delivering gains of up to 53% as market sentiment and earnings outlook improved.
Indian IT stocks experienced a significant rebound this week. The Nifty IT index saw its best weekly gain since October 2025. This rally followed a sell-off in Asian AI and semiconductor stocks. First-quarter earnings from major IT firms showed minimal AI disruption. Investor confidence improved, leading to some short-covering in the sector.
Reliance Retail Ventures reported a fourteen percent profit decline last quarter. Revenue from operations grew eight point two percent year-on-year. Investments in e-commerce and digital infrastructure pressured operating margins. The company aims to double operating Ebitda over three years. Reliance Retail expanded its store network to over twenty thousand locations.
The NSE’s Nifty 50 rose 261.55 points, or 1.1%, to close at 24,334.3, while the BSE Sensex gained 964.58 points, or 1.25%, to end at 78,151.45.
Reliance Industries saw a twenty-five percent profit drop in the June quarter. Revenue from operations increased twenty-five percent, crossing three lakh crore rupees. Reliance Retail’s net profit declined fourteen percent while revenue grew eight percent. The oil-to-chemicals segment revenue rose over thirty percent amid market volatility. Jio Platforms reported its first profit decline due to…
Corporate earnings season is gaining momentum with key tech updates expected soon. Investors anticipate strong profit growth, which has supported stock market enthusiasm. Alphabet’s AI spending plans will be closely watched for market-wide impacts. Semiconductor stocks face volatility as expectations for the sector remain high. Geopolitical tensions and inflation fears add to market uncertainty ahead…