Tata Steel Q1 updates: India production flat YoY at 5.26 million tons on plant shutdowns
Tata Steel India’s crude steel output remained flat at 5.26 million tons in Q1FY26, while deliveries fell 4% YoY due to maintenance shutdowns at Jamshedpur and NINL. Overseas units showed mixed performance, with UK volumes down 12%.
Anthem Biosciences IPO: Rs 3,395 crore IPO to open on July 14
Anthem Biosciences’ Rs 3,395 crore IPO will open on July 14 as a complete Offer for Sale by promoters and investors. The Bengaluru-based CRDMO firm provides integrated drug development and manufacturing services across advanced technology platforms and modalities.
Adani Group on track to complete $5 billion fundraising blitz in FY26
The Adani Group is storming back into global capital markets with unstoppable momentum, having already raised over $3.2 billion in just six months and positioning itself to complete a massive $5 billion fundraising blitz by FY26, a stunning validation of its infrastructure-first strategy amid relentless scrutiny.
Jane Street saga: Nilesh Shah gives 3 reasons why no HFT will do it in China
Kotak MF’s Nilesh Shah warned that India’s capital markets are exposed to HFT manipulation due to regulatory gaps. Comparing India to China, he proposed five urgent reforms—from stronger enforcement to financial literacy—to counter potential threats like Jane Street and protect retail investors from unchecked speculation and systemic manipulation.
10 Nifty largecaps with up to 38 buy calls; analysts see up to 20% upside
Brokerages remain bullish on select Nifty large-cap stocks across sectors, with several companies receiving over 30 ‘buy’ calls from analysts, according to Trendlyne data. These include blue-chip names such as HDFC Bank, SBI, Reliance Industries, M&M, and Axis Bank, with analysts projecting up to 20% upside from current levels.
Gold prices may tumble up to Rs 94,950/10 grams. Should you book profit?
Gold futures opened lower at MCX due to Trump’s new tariffs, while silver saw a slight increase. Market volatility is expected this week amid dollar index fluctuations and upcoming US trade deal deadlines. Experts suggest monitoring key support and resistance levels for both gold and silver, with potential buying opportunities on dips for silver.
BPCL shares can rally up to 26% on superior refining metrics, outshining HPCL, IOCL in Nomura’s view
Nomura picks Bharat Petroleum Corporation Ltd as top stock among state oil firms. The brokerage highlights BPCL’s refining efficiency and balanced business. Nomura projects a potential 26% rally in BPCL shares. They raise the target price to Rs 435, reiterating a ‘buy’ rating. BPCL’s superior refining performance sets it apart from Hindustan Petroleum Corporation Ltd […]
Vedanta shares down 2% in 1 year but giving 7% dividend. Is it enough to buy the stock?
Vedanta shares have struggled despite a strong 7% dividend yield and robust operational performance. Analysts remain cautious due to the pending demerger and past governance issues. While some advise waiting, others see long-term value, driven by Hindustan Zinc’s growth plans, aluminium expansion, and the company’s focus on debt reduction.
FMCG could see earnings upgrade, but valuation still a concern: Nitin Bhasin
Nitin Bhasin from Ambit suggests caution on midcap IT firms like Coforge and Persistent due to high valuations, along with DMart and Voltas. While FMCG valuations remain rich, domestic companies like GCPL are favored. Bhasin also expresses concern over expensive defense stocks and Godrej Real Estate, highlighting the importance of earnings expectations alongside valuations.
Morgan Stanley initiates coverage on The Leela shares with ‘overweight’ rating, Rs 549 target; stock up 5%
Morgan Stanley initiated an ‘Overweight’ rating on Schloss Bangalore, setting a target price of Rs 549, driven by a luxury hospitality upcycle and strong financials. The stock surged 5% following the report. While concentration risk and demand cyclicality are concerns, steady growth and low debt support a potential re-rating for the company.