Category: Business News & Economy

Swiggy and Eternal shares have rallied sharply in July as investors reassess the competitive landscape following Zepto’s IPO valuation reset. Swiggy has gained nearly 24%, marking its best monthly performance since listing, while Eternal is up 17%, its strongest monthly rise in over two years.

Vedanta Aluminium Metal reported a threefold jump in Q1 FY27 net profit to Rs 5,629 crore, accompanied by an Rs 8 interim dividend. Global brokerages including Citi, CLSA, Nuvama, and Emkay remain bullish, projecting up to 20% upside driven by cost discipline, capacity expansions, and captive mine operations.

Hyundai Motor India shares rallied nearly 7% despite reporting a 35% year-on-year decline in June-quarter profit, as the results broadly met analyst expectations. Brokerages remained constructive on the stock, citing production normalisation, new launches, export recovery and long-term growth prospects.

Indian IT stocks declined after renewed optimism around global AI and cloud spending after strong earnings from tech giants. Meanwhile, global AI sentiment improved after Microsoft and Amazon reported strong cloud growth, while South Korean chipmakers Samsung and SK Hynix rallied sharply on robust results.

The Bank of Japan maintained its interest rates at one percent on Friday. This decision came after a two-day meeting concluded by the central bank. One board member voted for a higher rate, seeking a 1.25 percent increase. Governor Kazuo Ueda will explain the policy decision at a news conference. The bank stressed its readiness…

The Bank of Japan maintained its key interest rate at 1% on Friday. This decision followed government intervention to support the weakening Japanese yen. The central bank signaled potential future rate increases if inflation risks intensify. Its economic growth forecast for fiscal 2026 was upgraded in a quarterly report. Underlying inflation may exceed the 2%…

China’s manufacturing activity unexpectedly slipped into contraction during July. The official manufacturing Purchasing Managers’ Index fell below 50 for the first time. Non-manufacturing sectors also contracted, indicating broader economic slowdown. This data suggests policymakers may need to introduce additional stimulus measures. Weak factory data could impact global commodity and Indian metal stocks.

Silverstorm Parks & Resorts shares debut on the BSE SME platform this Friday. Grey market trends suggest the listing will be above the issue price. The company raised Rs 82.43 crore through its recent IPO. Funds will support business expansion and infrastructure development projects. Strong financial performance in FY2025-26 precedes this market entry.

The Rs 290-crore MV Electrosystems IPO entered Day 2 with a GMP suggesting 30% listing gains. Subscribed 3.64 times on Day 1 with strong retail interest, the issue faces concerns over FY26 net losses and revenue decline, prompting Swastika Investmart to assign an Avoid rating despite grey market optimism.

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