Stocks like Mobikwik had their best weekly performance since their listing, while those such as GMDC had their best performance for a week in multiple years.
For the week, both the Sensex and Nifty gained over 1%, recovering most of last week’s losses, while the midcap index rose more than 2%. Autos and metals led sectoral gains, while IT stocks were the top drag.
The excitement around GST cuts has been capped by the lack of certainty around earnings growth.
Post the announcement, shares of Reliance Infrastructure ended over 2.5% down at ₹280 on the NSE.
The promoters of Indus Towers bought 68.74 lakh shares of the company or close to 0.26% of the outstanding equity through the open market, according to the filing.
Out of the 15 index constituents, 14 stocks were in the red, including Varun Beverages, ITC, Emami, Colgate-Palmolive (India), Dabur, Marico, HUL, Britannia, among others, which fell between 1% and 4%.
In his notice, Mathrubootham, who helmed the company for 15 years, expressed his intent to wholly focus on his role with Together Fund, a venture fund he co-founded. He has offered his support to ensure a smooth handover in leadership…
Looking ahead, Trideep Bhattacharya, Chief Investment Officer – Equities at Edelweiss AMC expects the July-September 2025 quarter of the fiscal year 2025-26 (FY25) earnings to remain subdued but sees momentum building from the October-December 2025 quarter (Q3).
The order from the Bihar State Road Development Corporation (BSRDC) involves construction of high-level bridge and approach road on Hathouri-Atrar-Bavangama-Aurai Road in the state. The bids were opened on Thursday, September 4.
Brokerage firm Jefferies expects the GST cut to spur festive season sales, ease inventory pressure, and lift earnings for leading players such as Voltas and Amber Enterprises.