MTZ INDUSTRIES LTD Q4 RESULTS
India’s housing market sees structural shift towards premium, luxury homes: CareEdge Ratings
India’s housing market is seeing a structural shift towards premium and luxury homes, with affordable housing losing share in new launches. CareEdge Ratings said stronger demand from affluent buyers and rising development costs are driving the shift, even as housing sales moderate in some major cities amid affordability pressures and cautious sentiment.
Surging gold prices drive record margins despite mining costs rising 16% in Q1'26: World Gold Council
Gold producers achieved record margins and cash flows in early 2026. Rising royalty payments significantly increased mining costs during this period. Despite higher expenses, gold prices surged to historic highs. Miners maintained capital discipline, returning substantial funds to shareholders. Supply chain disruptions are expected to further impact costs in the next quarter.
Weddings, leisure and corporate comeback put India’s hotels on a stronger H2 path: Report
India's hotel sector anticipates stronger growth in the latter half of FY27. Robust domestic leisure demand and recovering corporate travel will drive this expansion. Industry occupancy and average room rates saw increases in the first quarter. Limited new hotel supply is expected to support room rates and RevPAR. Demand outlook remains positive as international travel gradually recovers.
Tejas Networks shares zoom 13% after TCS’s Rs 1,537-crore LOI for BSNL 4G rollout
Tejas Networks shares rose sharply on Friday after the company received a Rs 1,537-crore Letter of Intent from TCS to supply RAN equipment for BSNL’s indigenous 4G rollout. The proposed project covers 18,685 sites, adding to Tejas Networks’ role in the telecom operator’s nationwide 4G network deployment.
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US stocks today: Nasdaq gains as Nvidia results revive confidence in AI trade
US stocks rose on Thursday, led by the Nasdaq, as Nvidia's strong forecast eased concerns over slowing AI demand. Salesforce and CrowdStrike also rallied after upbeat forecasts, while investors shifted focus to Federal Reserve Chair Kevin Warsh's Jackson Hole speech and the outlook for interest rates.
India Inc sales growth accelerates to 19.4 per cent in Q1 FY27, manufacturing leads recovery: RBI
Indian companies show stronger sales growth entering fiscal year twenty twenty seven. Manufacturing sales accelerated significantly, driven by key industries like automobiles. Operating profit growth also jumped across major sectors, improving margins. Companies faced elevated input costs, which impacted raw material expenses. However, improved pricing power helped absorb these higher costs effectively.
Hitachi Energy India, GE Vernova, other power capex stocks rise up to 5%. Two reasons behind the surge
Power capex stocks such as Hitachi Energy India, GE Vernova, TD Power and CG Power witnessed an uptick on Thursday, tracking Nvidia’s strong data-centre growth and bullish revenue outlook. Expectations of sustained AI infrastructure spending boosted sentiment, while US restrictions on Chinese power equipment added to optimism over demand for Indian suppliers.
ICICI Prudential AMC shares decline 7% in two days as promoter plans 2% stake sale
ICICI Prudential AMC promoter Prudential Corporation plans to sell up to 2% stake, worth over Rs 3,185 crore, to meet minimum public shareholding requirements. The sale will reduce promoter holding to 85.6%. Shares of ICICI Prudential AMC have gained over 22% in 2026, while Q1 net profit rose 23% year-on-year to Rs 965 crore.
The business shift in India's ₹7 lakh crore market amid gold cost pressure
Indian jewellery sales show resilience despite lower gold volumes. Consumers now buy lighter pieces and focus on value per gram. Organised jewellers are expanding by offering diamonds and newer designs. Recycled gold is becoming a significant growth driver for retailers. The market is shifting towards branded retail and experience-driven environments.
Hindustan Zinc vs Hindalco: Why Jefferies raised target prices for both, but prefers one over the other
Jefferies has raised its target prices for Hindustan Zinc and Hindalco Industries, but prefers the former, retaining a Buy rating versus Hold on Hindalco. The brokerage expects stronger zinc and silver prices to boost Hindustan Zinc’s earnings, while softer aluminium prices and higher debt could weigh on Hindalco’s performance.
MTAR Tech shares rally 3%, extend gains for second session. What’s triggering the surge?
MTAR Technologies shares gained 3% after the company secured a Rs 127 crore order from Nuclear Power Corporation of India for coolant channel assemblies used in reactor refurbishment. The order takes its civil nuclear order book above Rs 775 crore, while the company expects 80% revenue growth in FY27 and sees further opportunities from reactor refurbishment and new nuclear projects.
Groww shares fall 3% after Rs 2,500 crore block deal; Ribbit likely seller
Billionbrains Garage Ventures, the parent company of Groww, will be in focus as early investor Ribbit Capital plans to sell a 1.6% stake through a block deal worth Rs 1,914 crore. The shares are being offered at Rs 195 apiece, a 4% discount to the previous close.
ETMarkets Smart Talk | Large caps look better for next 24 months, but hidden gems remain in smallcaps: Divam Sharma
Sharma sees a stronger case for large caps over the next 24 months, particularly given the steep valuation premium commanded by small caps.
Weak monsoon, West Asia risks cloud July-Sept FMCG demand
Consumer goods demand faces challenges from a weak monsoon and rising inflation. FMCG volumes saw a slight slowdown in the recent quarter, signaling potential future impacts. While urban growth eased, rural expansion accelerated but faces monsoon uncertainties. Companies remain cautiously optimistic about demand resilience despite ongoing global concerns. The full effect of delayed rainfall on rural spending is expected this quarter.
Retailers keep price hikes in check amid rising input costs: Nuvama
Indian retailers are limiting price hikes despite volatile cotton, yarn and fabric costs and geopolitical supply-chain risks. Companies are adjusting sourcing, building safety stocks and selectively absorbing costs to protect demand. Value retail and electronics remain strong, while festive demand is expected to support growth after a softer second quarter.
Q1 earnings show resilience, but downside risks still loom. HSBC explains why
Indian companies delivered better-than-expected Q1FY27 earnings, with around 70% of firms meeting or beating HSBC’s estimates. Mid- and small-cap companies led growth, while financials drove earnings upgrades. However, HSBC flagged risks of downgrades in coming quarters as elevated commodity prices persist and the benefits of GST cuts and inventory gains fade.
Gold touches highest level since mid-May as buying momentum builds
Gold prices experienced an uptick on Tuesday, fueled by news of Treasury buybacks. The market's focus is now on significant U.S. inflation data and a forthcoming address from the Fed Chair. Analysts are eager for indications regarding interest rates and bond yields. Citi has upgraded its gold price projections, suggesting a likely easing of geopolitical tensions and a decline in real interest rates.
Air passenger service prices surge 31.9% in Q1 FY27: Govt data
Service prices showed mixed trends in the first quarter of FY27. Airline and railway service prices saw notable increases during this period. Insurance and telecom services also recorded price hikes, while banking services declined. Securities transaction services experienced a price fall, reversing previous gains. Provisional data from the commerce ministry highlighted these varied movements.
India's house price growth slows to 3.6% in Q1 FY27: RBI
In the first quarter of this year, the growth rate of house prices in India decelerated to 3.6 percent compared to the previous year, down from 4.5 percent in the last quarter. However, there was a quarterly increase of 1.1 percent in the All-India House Price Index, primarily thanks to notable contributions from cities like Chandigarh and Lucknow. This trend signifies a general slowing of annual price growth by June.
Infosys Q1 bonus payout averages 70%, down 10 percentage points from a year ago
During the April-June quarter, Infosys maintained an average performance bonus of 70%, consistent with the previous quarter but lower than the previous year. Notably, employees in job levels four and five received marginally higher bonuses. The broader technology sector is currently grappling with reduced spending and economic uncertainty, creating apprehension among employees who are now seeking clarification on annual salary hikes.
Rs 7.3 trillion InvIT market sees investor base surge 17% as Q1 payouts rise 15% YoY
India’s InvIT sector saw investor participation surge 17% sequentially to 6.53 lakh unitholders in Q1 FY27. Distributions rose 15% to ₹5,923 crore, while AUM increased 13.7% year-on-year to ₹7.3 lakh crore, reflecting stronger investor confidence and consistent cash flows.
India’s new service price gauge shows mixed Q1 trends; Air (Passenger) Service Price Index up 32%
Air passenger service prices jumped nearly thirty-two percent year-on-year in the first quarter of FY27. Other services showed mixed price trends, with banking and securities transactions declining. Management of pension funds and railway services recorded modest price increases during this period. This new Service Producer Price Index offers an early view of producer-level price movements. The index currently covers only seven selected services across India.
Apollo Tyres shares jump over 6% after UBS upgrades stock to Buy from Neutral. Here’s why
Apollo Tyres shares surged after UBS upgraded the stock to Buy and raised its target price to Rs 590. The brokerage sees earnings recovery potential, supported by improving India and Europe prospects, despite near-term rubber cost pressures. Strong Q1 revenue growth and reduced exceptional losses also supported the positive outlook.
Lenskart Large Trade: 2.6% equity traded in a $300 million block deal; Softbank Vision likely seller
On Monday, Lenskart Solutions witnessed a noteworthy block deal, with speculation surrounding the SoftBank Vision Fund's possible share divestment. The company's impressive first-quarter results for FY27 showcased net profit soaring by 182.3% and a robust year-on-year revenue increase of 33.6%. Furthermore, enhanced product and EBITDA margins highlighted operational efficiencies. Brokerages, including Jefferies and Goldman Sachs, continue to express optimism regarding Lenskart's stock performance.
ETMarkets Smart Talk | India’s diverse earnings story could bring FIIs back: Bandhan Life’s Avinash Agarwal
While foreign institutional investors (FIIs) have remained net sellers over the past two years amid India’s premium valuations and an earnings slowdown, Avinash Agarwal, Senior Vice President & Head – Equity at Bandhan Life, believes the tide could turn as India offers a diverse pool of large companies with consistent growth and greater earnings visibility.
Walmart sees Q3 growth hit as Flipkart shifts Big Billion Days sale
Walmart expects Flipkart’s Big Billion Days sales event moving from Q3 to Q4 to weigh about 100 basis points on growth next quarter. The company said India drove growth in Walmart International’s operating income and advertising revenue. Flipkart is also expanding its quick commerce arm, Minutes, which crossed 1,000 dark stores in June.
India Inc’s blockbuster Q1 earnings may not last as 3 key tailwinds fade in H2
India Inc's impressive earnings in the first quarter might not sustain their momentum into the latter half of the year. Diminishing effects from favorable base conditions and a slowdown in consumption stimulation are anticipated. Additionally, while a declining rupee and rising commodity costs have provided brief respite, analysts caution that profit growth could significantly slow down in the coming months, marking a stark contrast to the earlier strong performance.
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