Bajaj Finance shares surged over 7% to a record high after the NBFC reported strong June-quarter earnings, led by robust loan growth, improving asset quality and healthy AUM expansion. Most brokerages reiterated bullish views and raised target prices, citing sustained earnings momentum.
Vedanta Aluminium Metal reported a threefold jump in Q1 FY27 net profit to Rs 5,629 crore, accompanied by an Rs 8 interim dividend. Global brokerages including Citi, CLSA, Nuvama, and Emkay remain bullish, projecting up to 20% upside driven by cost discipline, capacity expansions, and captive mine operations.
Hyundai Motor India shares rallied nearly 7% despite reporting a 35% year-on-year decline in June-quarter profit, as the results broadly met analyst expectations. Brokerages remained constructive on the stock, citing production normalisation, new launches, export recovery and long-term growth prospects.
Indian IT stocks declined after renewed optimism around global AI and cloud spending after strong earnings from tech giants. Meanwhile, global AI sentiment improved after Microsoft and Amazon reported strong cloud growth, while South Korean chipmakers Samsung and SK Hynix rallied sharply on robust results.
Indo-MIM shares extended their post-listing rally on Friday, rising nearly 5% to Rs 776.90 and climbing over 60% above the Rs 485 IPO price in two sessions. Analysts at Swastika Investmart recommend partial profit booking while advising long-term holders to maintain a stop-loss in the Rs 595-600 range.
Nifty 50 companies now contribute only 51% of aggregate profits, down from 87%. Earnings growth has accelerated across the broader Indian corporate universe and mid-sized firms. This shift signals a broadening wealth creation engine beyond just the largest companies. Financials have become the largest profit contributor, overtaking Energy sectors. Investors should consider portfolios beyond just mega-cap stocks for growth.
ICRA Ltd reported a 32 percent net profit increase for the first quarter. Revenue from operations also saw a significant 31.2 percent year-on-year rise. Healthy growth in ratings and sustained momentum in risk and analytics supported performance. Demand in industries and NBFC segments drove ratings revenue growth. Risk and analytics benefited from robust demand for technology-led solutions.
Silverstorm Parks & Resorts shares debut on the BSE SME platform this Friday. Grey market trends suggest the listing will be above the issue price. The company raised Rs 82.43 crore through its recent IPO. Funds will support business expansion and infrastructure development projects. Strong financial performance in FY2025-26 precedes this market entry.
The Rs 290-crore MV Electrosystems IPO entered Day 2 with a GMP suggesting 30% listing gains. Subscribed 3.64 times on Day 1 with strong retail interest, the issue faces concerns over FY26 net losses and revenue decline, prompting Swastika Investmart to assign an Avoid rating despite grey market optimism.
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