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L&T Technology Services reported a nearly 13% year-on-year net profit increase for Q1 FY26. Revenue from operations also saw an 11.5% rise during the same period. The company’s shares rallied 6% following the announcement of these positive financial results. Nomura and Nuvama provided analyst views on the company’s performance and outlook. L&T Technology Services shares…

More than 100 Indian equity mutual funds doubled investors’ money over five years, but experts caution against chasing past winners. While sectors such as defence, infrastructure and PSUs delivered stellar returns, recent performance has weakened. Fund managers recommend diversified equity funds over concentrated sector bets, citing attractive valuations and long-term opportunities despite near-term market volatility.

Fredun Pharmaceuticals has fixed July 16 as the record date for its 2:1 bonus issue, making today the last day to buy the stock to qualify. The microcap pharma stock has surged nearly 200% over the past year and 84% in 2026, reflecting strong investor interest and robust business momentum.

Axis Securities forecasts a Nifty target of 27,220 by December 2026. The brokerage highlights nine largecap stocks with substantial upside potential. These include Avenue Supermarts, offering a 34.5% potential gain. Bharti Airtel and Varun Beverages also show strong projected growth. ICICI Bank and Kotak Mahindra Bank are among other recommended stocks.

Five NSE F&O stocks witnessed a sharp rise in futures open interest on July 14, signalling increased market participation and fresh position-building. Tata Elxsi led the list with a 16.35% jump in OI, followed by HCL Technologies, Radico Khaitan, IREDA and L&T Finance.

Fairfax Holdings has been finalized for the IDBI Bank stake sale. This significant deal is expected to be worth approximately Rs 53,000 crore. The government plans to sell its stake, and LIC will also divest shares. Fairfax’s offer of Rs 81 per share is higher than last year’s bid. This transaction marks the largest foreign…

Ace investor Ashish Kacholia has reduced holdings in two chemical stocks. Yasho Industries and Fineotex Chemicals saw stake reductions by the investor. This move occurred after substantial stock price rallies earlier this year. Supply chain issues and Chinese competition are impacting the chemical sector. Kacholia also reduced his stake in NBFC SG Finserve.

Wipro’s Q1 earnings are expected to show a revenue rise, driven by acquisitions and currency. Core IT services revenue may decline sequentially, impacting overall profitability. Analysts anticipate margin pressure from wage increases and deal ramp-ups. Investors will focus on September quarter guidance and deal conversion rates. Management commentary on demand and AI strategy will be…

Ather Energy shares jumped on Wednesday after Hero MotoCorp approved an additional investment of up to Rs 1,000 crore in the EV maker through a preferential allotment, reaffirming its long-term commitment to the company.