HFCL is undertaking Rs.950 crore capex and has launched OptiQ AI for AI-driven optical connectivity solutions. It recently secured a Rs.496 crore export order for data centre connectivity and continues to bid for major defence and telecom projects. Keep the stock on the radar.
Indian equity markets are expected to remain range-bound as investors await the quarterly results of heavyweight companies including Reliance Industries, HDFC Bank and ICICI Bank.
Global crude oil prices continued to trade above US$85 per barrel as renewed tensions between the United States and Iran raised concerns about possible disruptions to energy supplies through the Strait of Hormuz.
Foreign institutional investors (FIIs) continued to trim their exposure to Indian equities amid geopolitical uncertainty and elevated commodity prices.
Jio Financial Services reported a strong improvement in its June-quarter performance, with net profit more than doubling compared with the previous year.
Tech Mahindra remained among the top-performing IT stocks after delivering stronger-than-expected quarterly earnings.
Tyre manufacturer CEAT reported quarterly results below market expectations as rising raw material costs affected operating margins.
SBI Funds Management has concluded one of India’s most successful IPOs, attracting bids worth nearly US$31 billion.
The Alpine Texworld IPO closed with full subscription on the final day of bidding.
Preparations for the long-awaited National Stock Exchange (NSE) IPO continue to gather momentum, with the exchange engaging global institutional investors through international roadshows.
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