Latest Stock Market News

Indian Continent Investment, led by Sunil Mittal, plans to sell approximately 0.8% of its stake in Bharti Airtel for over ₹9,300 crore through a block deal. The sale involves five crore shares at a floor price of ₹1,862 per share, a 3% discount. This follows a similar stake sale in February, with Bharti Airtel s shares showing significant gains this year.

LIC reported a 5% increase in net profit to ₹10,986 crore, despite moderating capital gains from equity sales. The company s core insurance operating profit remained strong, with a 20.75% rise in the value of new business. LIC aims for double-digit profit expansion and is focusing on growing its non-participating business, which now constitutes over 30% of its portfolio.

Sebi has permitted Market Infrastructure Institutions (MIIs) to conduct joint inspections of stock brokers, streamlining the process. This move aims to reduce the burden on intermediaries caused by frequent, separate inspections by stock exchanges, depositories, and clearing corporations. MIIs are also required to establish information-sharing mechanisms for inspection observations.

Signature Global s Q1 FY26 profit surged by 386% to Rs 34 crore, fueled by a 118% revenue increase to Rs 870 crore due to higher project completions. While pre-sales dipped slightly, average sales realization improved significantly. The company acquired land for further development and maintains a strong project pipeline for future growth.

Emcure Pharmaceuticals reported a strong first quarter with a 41% increase in net profit, reaching Rs 215 crore, and a 16% rise in revenue to Rs 2,101 crore. Growth was fueled by robust domestic and international performance, particularly in the rest of the world and Canada.

Biocon s Q1 net profit declined 95% year-on-year, but on a like-for-like basis, profit after tax increased by 65%. Revenue grew 15% to Rs 3,942 crore, fueled by Biocon Biologics 18% growth and Syngene s 11% increase. A recent QIP of Rs 4,500 crores will strengthen Biocon s balance sheet and increase its ownership in Biocon Biologics.

Sun TV Network reported a 3% YoY drop in Q1 profit to ₹529 crore due to weak advertising revenues, while subscription income grew 10%. EBITDA fell 13% to ₹617 crore.

Grasim Industries is projected to report a wider net loss in Q1, despite a robust 30% YoY revenue growth. Weak profitability is expected due to ongoing losses in new ventures like paints and B2B e-commerce, coupled with soft margins in the viscose fibre business. While the chemical segment may show slight improvement, margin pressure and cost headwinds remain concerns.

India s Bajaj Electricals reported a 96.8% slump in first-quarter profit on Thursday, hurt by lower demand for its home appliances and a one-off expense.

LIC Q1 Results: LIC reported a 5% YoY increase in net profit, reaching Rs 10,987 crore, with a corresponding 5% rise in net premium income to Rs 1.19 lakh crore in Q1. The insurer maintained market leadership with a 63.51% share in First Year Premium Income. VNB also rose 21% YoY to Rs 1,944 crore, reflecting improved profitability.