Blue Cloud Softech Solutions shares surged 23% in two days after its US subsidiary announced a $150 million deal with Malaysia-based SpaceX International. However, the company clarified that the entity has no connection with Elon Musk’s SpaceX. The sharp rally appears to have been driven partly by confusion over the names.
Behari Lal Engineering’s Rs 302-crore IPO saw solid demand on Wednesday, led by retail investors who booked 70% of their reserved portion. The issue, priced at Rs 271–285 per share, comprises a Rs 93-crore fresh issue and an OFS of 73.2 lakh shares.
Dhoot Transmission IPO entered its final day with the issue seeing strong investor interest and a grey market premium of around 29%. Analysts remain positive, with Anand Rathi recommending a long-term subscription and Ventura assigning a Subscribe rating, citing the company’s EV focus, premiumisation strategy and strong customer base.
The Rs 251.88-crore Technocraft Ventures IPO received strong investor interest, with its GMP rising to around 12.74% from 11% earlier, signalling expectations of a positive listing. Investors are likely to learn their allotment status today.
Shares of Tata Group companies fell, primarily driven by TCS. N Chandrasekaran stepped down as Tata Sons chairman ahead of the scheduled AGM on August 18, yet he will continue in his role until February 2027. His exit raises questions about the upcoming board meeting, particularly regarding the influence of Tata Trusts, which holds the majority stake.
Finolex Cables shares rose sharply on Wednesday after the company reported a 52.6% YoY rise in Q1 FY27 net profit to Rs 208.2 crore. Revenue surged 44.3% to Rs 2,013.15 crore, crossing the Rs 2,000-crore mark, while EBITDA rose 79% and margins expanded amid strong operational performance.
Chinese stocks edged higher as technology shares led gains, helping offset investor caution over geopolitical tensions and the upcoming US inflation data. Improving technology sentiment and greater clarity around China’s policy environment supported the mainland market, while Hong Kong stocks declined. Investors now await US inflation data for clues on the Federal Reserve’s rate path and global market direction.
TD Power Systems shares surged after the company reported a strong Q1FY27 performance. Profit after tax rose 72% YoY to Rs 86 crore, while revenue and EBITDA jumped 71% and 72%, respectively, driven by robust operational growth.
US consumer prices are expected to have risen modestly in July, potentially easing market expectations of a Federal Reserve rate hike this year. However, inflation remains above the Fed’s target, with Middle East tensions and oil-price uncertainty keeping upside risks elevated.
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