Meghna Infracon Infrastructure Ltd is embarking on an exciting journey with its new commercial project, Meghna One, nestled in Wagle Estate, Thane. This expansive development will feature a blend of premium office, retail, and hospitality venues, covering a substantial area of 2.8 lakh square feet. With high expectations, the company predicts a lucrative revenue of Rs 300 crore from this initiative.
Legendary investor John C. Bogle stressed common sense in investing. Statistics reveal trends, but not all market dynamics or psychology. His wisdom guides investors through volatile market conditions and speculation. Bogle advocated for diversification, patience, and low costs for wealth creation. This timeless philosophy combines analysis with practical judgment for steady growth.
Indian equities ended lower as escalating Iran-US tensions and surging crude prices dampened investor sentiment despite easing volatility. Banking stocks dragged benchmarks, while analysts expect geopolitical risks, inflation concerns and Q1 earnings momentum to shape market direction, with Nifty support at 24,100 and resistance near 24,400.
UltraTech Cement Q1 Results: UltraTech reported a 17% YoY rise in Q1FY27 consolidated net profit to Rs 2,599 crore, while revenue increased 16% to Rs 24,648 crore. EBITDA grew 12% to Rs 5,146 crore, driven by higher cement volumes, improved realisations and strong growth in ready-mix concrete and construction chemicals. Consolidated grey cement volumes rose 12% to 41.31 million tonnes.
Global artificial intelligence stock rallies experienced a sharp setback last week. Investors are now reassessing expectations surrounding artificial intelligence spending optimism. The Philadelphia Semiconductor Index fell significantly, entering bear market territory after a strong year. Momentum investing also showed signs of fatigue, with several technology stocks declining. Upcoming earnings reports will provide further indications of artificial intelligence spending plans.
Yes Bank shares fell despite reporting a 34% year-on-year jump in Q1FY27 standalone net profit to Rs 1,071 crore. Net interest income (NII) rose 17.5% YoY to Rs 2,786 crore, but the strong earnings failed to lift investor sentiment.
Lohia Corp has fixed the price band for its Rs 1,101.28 crore IPO at Rs 404–425 per share. The issue opens for subscription on July 23, with anchor bidding on July 22, and closes on July 27. The IPO is entirely an Offer for Sale (OFS) of over 2.59 crore shares, with proceeds going to existing shareholders.
Markets advanced Friday, gaining over one percent despite weak global cues. Analysts await quarterly results from Reliance Industries, HDFC Bank, and ICICI Bank. ICICI Bank reported a 16% year-on-year net profit increase for the June quarter. YES Bank and PNB also posted significant year-on-year profit growth. Kotak Mahindra Bank and Axis Bank also announced their first-quarter financial results.
Nifty’s Friday rebound has broken its recent range, but a sustained uptrend is yet to be confirmed. Geojit’s Anand James sees 24,400 as near-term resistance and flags India Cements and Bharat Forge as top trading picks.
The Nifty ended the week with modest gains as the index defended the crucial 23,800–24,000 support zone, keeping the broader technical structure positive. Analysts expect the next move to hinge on the 24,500 resistance level, where the 100-week moving average could pose a hurdle. A breakout above this zone may revive stronger upside momentum, while support remains intact.
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