L&T Q1 Results: Larsen & Toubro (L&T) on Tuesday reported a consolidated net profit of Rs 4,123 crore for the April-June quarter of the ongoing financial year 2027, marking nearly 14% year-on-year (YoY) rise from the Rs 3,617 crore net profit reported in the same period last year.

Indian equity benchmarks ended marginally lower after surrendering early gains as IT stocks outperformed but weakness in FMCG, power and defence weighed on sentiment. Analysts expect Nifty to remain range-bound, with 24,050 as key resistance and 23,800 as crucial support.

ICICI Securities has initiated coverage on Vedanta Aluminium Metal (VAML) with a ‘Buy’ rating and a target price of Rs 520, implying over 19% upside. The brokerage expects strong earnings growth, driven by favourable aluminium prices, higher volumes, backward integration and lower costs. It also sees robust cash generation, debt reduction and long-term expansion supporting…

India’s IPO pipeline remains robust with 245 companies filing draft papers with Sebi, including 175 already cleared for launch. Strong domestic liquidity, resilient investor participation and improving market sentiment are driving equity fundraising despite global uncertainties and foreign fund outflows.

European stock markets remained relatively stable despite a notable dip in technology shares. The positive earnings reported from the consumer goods and luxury sectors provided a buffer against wider market declines. Lower oil prices lent further support, keeping investor confidence steady. Attention now turns to anticipated announcements from the U.S. Federal Reserve and upcoming tech…

Chinese social media platform Xiaohongshu faces listing scrutiny following a complaint by a former executive regarding its variable interest entity (VIE) structure. The dispute over employee stock options and corporate control disclosures highlights regulatory and compliance risks for Chinese tech firms seeking overseas capital through offshore entities.

MV Electrosystems has fixed the price band for its Rs 290 crore IPO at Rs 400-425 per share. The issue, opening on July 30, will fund working capital, R&D and corporate needs as the railway electronics manufacturer expands its manufacturing capacity and order book.

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…

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