Category: Business News

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…

Paytm parent One97 Communications will consider its first-ever bonus share issue alongside its June-quarter results on July 20. The proposal comes after the company reported its first full-year profit in FY26 and amid rising domestic institutional ownership, with mutual funds and insurers increasing their stakes in the fintech major.

ICICI Lombard shares tumbled 15% after the insurer reported a 46% YoY decline in Q1 FY27 net profit to Rs 403 crore, hit by large fire claims and the Supreme Court’s Motor TP verdict. While gross premium income rose 7.5% to Rs 8,318 crore, the combined ratio worsened to 107.2% from 102.9% a year ago.

MRPL shares surged over 11% on Thursday after the company reported a strong Q1FY27 performance. Revenue nearly doubled year-on-year to Rs 41,609 crore, while the company returned to profitability with a PAT of Rs 915 crore, compared with a net loss of Rs 272 crore a year ago, driven by robust operational performance and improved…

Mrs Bectors Food shares surged sharply on Thursday after Sunil Singhania-led Abakkus Investment Managers acquired 29.4 lakh shares through a block deal. The purchase boosted investor sentiment despite the stock’s recent underperformance, while analysts continue to maintain a ‘Strong Buy’ rating, expecting around 35% upside from current levels.

Among the 54 stocks, NHPC, Vodafone Idea and Yes Bank saw the biggest additions, with mutual funds buying a net 33.64 crore, 28.19 crore and 22.73 crore shares, respectively.

Dixon Technologies shares surged after the Union Cabinet approved the Rs 1.27 lakh crore second phase of the India Semiconductor Mission and a Rs 62,500 crore Mobile Phone Manufacturing Scheme. The government is expected to issue administrative notifications for both schemes within the next two weeks.

Adani Green, Groww and Laurus Labs have emerged as key stocks to watch ahead of MSCI’s August 2026 index review. JM Financial expects up to 12 inclusions and three exclusions, potentially triggering $2.3 billion in passive inflows, with index-linked buying likely to drive liquidity, institutional ownership and near-term stock movements.

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…