MSCI’s August India Standard Index review could trigger major passive inflows, with Eternal expected to attract the highest at $648 million, according to Nuvama. The brokerage sees Laurus Labs, Adani Energy Solutions, Lenskart and Groww among likely inclusions, while Balkrishna Industries, SBI Cards and Astral face potential exclusions.
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MTAR Technologies shares hit the 5% lower circuit for a fourth straight session on Tuesday, taking their four-day decline to nearly 20% and one-month loss to 31%. The sell-off came as promoter and mutual fund holdings declined in the June quarter. However, foreign institutional investors raised their stake to 24.80% from 17.31%, signalling stronger overseas participation.
Mrs Bectors Food shares extended their four-day rally to nearly 30% after Abakkus Investment Managers acquired a 0.96% stake through a bulk deal. The stock hit a five-month high of Rs 219.61, supported by investor interest and steady March-quarter growth in revenue and profit.
Punjab National Bank shares have surged in the last two sessions after the PSU lender reported a 214% year-on-year jump in Q1 FY27 net profit to Rs 5,253 crore, prompting bullish brokerage calls. Net interest income rose 2% to Rs 10,798 crore.
UltraTech Cement shares rose after the company posted a 17% year-on-year rise in Q1 FY27 consolidated net profit to Rs 2,599 crore and a 16% increase in revenue to Rs 24,648 crore. The stock also gained after multiple brokerages raised their target prices, encouraged by strong earnings and management guidance
The firms have set target prices of Rs 675 and Rs 750 for March and June 2027, implying an upside of up to 31% from the IPO issue price of Rs 574.
U.S. stocks closed slightly lower as investors balanced Middle East tensions with optimism around upcoming tech earnings. Markets remained cautious amid US-Iran developments and oil supply concerns, while attention shifts to results from major firms like Alphabet and Intel, expected to shape sentiment on corporate health and future growth outlook.
Americans’ demand for new credit hit a near five-year high in June, according to New York Fed data. While applications for credit cards and auto loans eased slightly since February, mortgage demand edged up. Meanwhile, more households reported difficulty covering unexpected $2,000 expenses, reflecting ongoing financial pressure.
Shapoorji Pallonji Group has secured investor commitments for its Rs 21,350 crore refinancing package, backed by its Tata Sons stake. The private credit deal, involving rupee and dollar debt, attracted strong interest from global distressed investors and domestic financial institutions.
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