Seven BSE 200 stocks hit fresh 52-week highs as the Sensex gained 113 points. Paytm led with a 19% monthly rise, followed by Bosch, Lenskart Solutions, Aurobindo Pharma, Pidilite, Solar Industries India and Zydus Lifesciences.
Anthropic is heading towards a potential record-breaking IPO, with investors reportedly expecting a valuation of more than $2 trillion as the AI startup’s revenue continues to surge. The Claude maker’s rapid growth, strong demand for AI tools and lofty revenue projections are fuelling bullish expectations despite intensifying competition, regulatory pressure and other challenges.
Solar Industries shares surged over 8% after the company reported a 93% YoY rise in Q1 FY27 net profit to Rs 652.55 crore and 70% revenue growth. Strong defence, domestic and international explosives businesses, a Rs 21,350 crore order book and Rs 14,000 crore FY27 revenue guidance boosted investor confidence in growth prospects.
Navi Ltd. is preparing for an Indian IPO targeting up to $315 million, with JM Financial, Kotak Mahindra Capital, Goldman Sachs and JPMorgan advising. The fintech firm seeks a valuation of up to $2 billion and plans to file by December. The offering is expected to comprise only a primary share sale.
Shriram Properties faced a significant profit decrease of forty-six percent in the June quarter, largely affected by rising operational expenses and taxes. Nevertheless, the company recorded a slight increase in total income to Rs 271.04 crore and experienced a ten percent rise in sales bookings to Rs 484 crore. Their project pipeline remains strong, extending through various cities in India.
Black Box has announced a remarkable eighteen percent rise in profits for the June quarter, attributed to a solid order book and growth in its Brazilian sector. Revenue from operations surged to Rs 8,986 crore, a significant eighty-three percent increase, achieving a record quarterly revenue of Rs 1,719 crore. Plans are underway for Black Box to recruit three thousand new professionals predominantly in the US by the year 2030.
Bitcoin and Ethereum remained under pressure despite softer US inflation data, with analysts pointing to key support and resistance levels as markets await US PPI data for the next directional cue. Altcoins showed mixed moves, while subdued ETF flows and cautious investor sentiment continued to weigh on the broader crypto market.
Sugar stocks rose sharply on Thursday as domestic sugar prices climbed 8-10% in a month to a seven-year high. Rising global sugar prices, worsening supply prospects in Brazil, higher ethanol blending, weather risks and lower output estimates in Thailand and India are tightening global supplies and supporting sugar prices.
Munjal Auto Industries reported a strong Q1 FY27 performance, with consolidated revenue rising sharply and the company turning profitable from a year-ago loss. Both its auto components and composite products segments recorded healthy growth, while a mark-to-market gain on mutual fund investments also supported other income.
Thyrocare Technologies shares fell after promoter Docon Technologies sold around 1.58 crore shares, cutting its stake from 60.92% to 51.02%. Docon remains the diagnostics company’s promoter and holding company.
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