Paytm bulk deal: Societe Generale buys over 67 lakh shares worth Rs 720 crore in One 97 Communications
Societe Generale acquired over 67 lakh Paytm shares worth Rs 720 crore as Antfin exited its 5.84% stake. With no Chinese ownership remaining, Paytm’s cap table realigns with regulatory norms, potentially boosting investor sentiment.
Bonus Alert: After five free shares in 2024, metal stock to consider another proposal on August 8
Sandur Manganese & Iron Ores will consider a bonus share issue on August 8, following its 5:1 bonus in February. The stock rose 4.3% post-announcement. Quarterly results will also be declared on the same day.
Vedanta continues winning street confidence: Brokerages forecast strong earnings ahead
These firms have also taken note of the several growth projects scheduled for commissioning or completion in the next few quarters
These 11 smallcap stocks with 25%+ RoE surge up to 50% in FY26 so far
Around 21 small-cap stocks have consistently delivered a Return on Equity (RoE) above 25% over the past three years.In FY26 so far, 18 of them are in the green, with 11 posting double-digit gains. Five have surged between 25% and 50%, underscoring how strong RoE can fuel outperformance in the small-cap space. (Source: ACE Equity)
Britannia Q1 Results: Cons PAT rises 3% YoY to Rs 521 crore, revenue grows 9%
Britannia Industries reported a 3% YoY rise in Q1FY26 net profit to Rs 521 crore, with revenue up 9% at Rs 4,622 crore. Sequentially, profit fell 7%. Higher raw material costs impacted margins. The company saw double-digit sales growth in key markets, supported by improving consumption trends and operational efficiencies.
BLS International reports revenues of Rs 711 cr for Q1FY26M PAT at Rs 181 crore
BLS International reported a strong Q1 FY26 with revenue up 44% YoY to Rs 711 crore and net profit rising 50% to Rs 181 crore. The company, operating in over 70 countries, attributed its performance to a diversified business model, AI-driven strategy, and expansion in global citizen service markets.
BSE SME exchange crosses 600 listings milestone, cos raise Rs 10,652 crore
Since its launch, the BSE SME platform has enabled companies to raise Rs 10,652 crore, with their combined market capitalisation reaching Rs 1.84 lakh crore. The average SME IPO size has jumped to Rs 32 crore since January 2023, nearly three times the earlier Rs 11 crore average recorded between March 2012 and December 2022.
2 top stock recommendations from Dharmesh Shah
ICICI Direct’s Dharmesh Shah suggests a ‘buy the dip’ strategy, noting strong support for Nifty around 24,400-24,500. Despite tariff concerns, the market is expected to hold. A gradual recovery is anticipated in the coming weeks, targeting 25,300. For today’s trading, L&T is favored due to strong results and order inflow, targeting ₹3,812.
MCX shares slip over 3% on profit booking after a sharp 5% rally on strong Q1 results
MCX shares slipped sharply as investors booked profits following a strong rally driven by robust Q1 earnings and a stock split announcement. The exchange posted record quarterly revenue and an 83% YoY jump in net profit, supported by higher trading volumes and product expansion.
Sawaliya Food Products IPO to open on August 7, price band set at Rs 114 – Rs 120
Sawaliya Food Products IPO: The IPO comprises up to 29,02,800 equity shares with a face value of ₹10 each. This includes a fresh issue of up to 26,02,800 shares and an offer for sale (OFS) of up to 3,00,000 shares.