Latest Stock Market News

Adani Enterprises shares are set to be in focus as Adani Defence & Aerospace, in partnership with Prime Aero, is acquiring Indamer Technics Private Limited (ITPL), a prominent MRO company. This acquisition, executed through a joint venture, aims to bolster Adani s presence in the rapidly expanding Indian aviation sector. Analysts predict a potential upside of 39% for Adani Enterprises shares.

Hindalco Industries shares are in focus as Novelis Inc, its US subsidiary, reported a 36% drop in net income to $96 million for Q1FY26. Despite a 13% rise in net sales to $4.7 billion, adjusted EBITDA fell 17% to $416 million. The decline in profitability was attributed to restructuring charges and higher scrap prices, though beverage packaging shipments increased.

IHCL will acquire 51% stakes in ANK Hotels and Pride Hospitality for Rs 204 crore, expanding its midscale Ginger brand. The move adds 135 Clarks Hotels & Resorts properties, taking Ginger’s portfolio to 250 hotels and strengthening IHCL’s Accelerate 2030 growth strategy.

Ashoka Buildcon reported a 44.6% rise in Q1FY26 consolidated net profit to Rs 217.3 crore despite a 23.5% drop in revenue due to slower project execution. EBITDA margins improved sharply to 31.7%. The board approved raising commercial paper limits for financial flexibility. The stock trades below key moving averages but shows potential upside with a consensus ‘Buy’ rating.

Muthoot Microfin posted a sharp 94.5% year-on-year (YoY) fall in its profit after tax (PAT) to Rs 6.2 crore in Q1FY26, compared to Rs 113.2 crore in the same quarter last year. The company’s Net Interest Income (NII) stood at Rs 342.3 crore in Q1FY26, down 16.8% YoY from Rs 411.5 crore in Q1FY25, with Net Interest Margins (NIMs) at 11.5%

InterGlobe Aviation and NBCC shares will be in focus today as it’s the last day to buy them for dividend eligibility. IndiGo’s parent has announced a Rs 10 per share payout, while NBCC declared a Rs 0.21 per share interim dividend.

Tilaknagar Industries share price: Tilaknagar Industries shares surged following a remarkable Q1FY26 performance, with net profit soaring by 121.25% to Rs 88.5 crore. Revenue also witnessed substantial growth, climbing 30.7% to Rs 409 crore. The company s board approved a Rs 25 crore capital expenditure for Prag Distillery to significantly enhance its bottling capacity in Andhra Pradesh, aiming to meet rising demand.

Australian shares experienced a slight increase, briefly hitting a record high, driven by gains in banks and discretionary stocks. This occurred ahead of an anticipated interest rate cut by the Reserve Bank of Australia. The market widely expects a 0.25% rate reduction following benign inflation data and concerns about unemployment.