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India could attract more foreign investment as the global AI trade loses momentum, said Manish Gunwani, CIO at Bandhan AMC. He said investors might look at India as valuations become attractive. Gunwani added, "India offers a decent risk-reward where valuations are reasonable." He remains positive on real estate and manufacturing.
Buying a car priced above Rs 10 lakh leads to a 1 per cent tax collection at the time of purchase. You can claim this TCS as a tax credit while filing your ITR. Just check your Form 26AS or AIS, then report the amount to get your refund back.
Emmvee Photovoltaic Power remains confident of achieving the upper end of its FY27 earnings guidance. CEO Suhas Donthi said, “Absolute EBITDA, as I said, ₹2,200 to 2,400 crores, and we are in line with that.” The company got a strong order book of 9.9 GW, showing healthy growth for the future.
Millworks Technologies Limited’s SME IPO got subscribed 62.68 times on its final day. The Bengaluru-based company saw strong demand, with shares trading at a 125% premium in the grey market. Investors placed many bids for the issue, which had a price band of Rs 315 to Rs 331 per share.
Jio Platforms expects steady Q1 growth as it prepares for a massive IPO. Nomura says average revenue per user will rise to ₹217, helped by extra billing days. While the company sees more subscribers, analysts at CLSA noted that rising entry-level smartphone prices could slow down the current premiumization trend.
Indian benchmark indices traded marginally higher on Thursday as IT stocks offset financial losses. Nagaraj Shetti of HDFC Securities recommends buying LIC and RACL Geartech shares for the short term. He said, "Nifty 50 continued to show choppy movement with positive bias so far today and is currently trading higher."
Rising fuel and freight costs are likely to hit cement makers' first-quarter earnings. Demand grew by 7-8% due to a dry monsoon, but analysts said higher expenses for coal and pet-coke will hurt profits. Companies now focus on price hikes to manage costs as they face tough market conditions ahead.
Global investors are using creative proxy trades to profit from ChangXin Memory Technologies’ $9.8 billion IPO. Many cannot buy shares directly due to regulations. “Most global investors such as ourselves won’t be able to participate,” said Kevin Net. Meanwhile, brokers and chip suppliers got a boost from the rising demand.
Paytm shares traded higher on Thursday after the company announced a board meeting on July 20 to consider issuing bonus shares. The stock reached an intraday high of ₹1,395.90. Investors showed interest as the firm also plans to review its financial results for the quarter ended June 30, 2026.
ICICI Lombard General Insurance shares tumbled 15% on Thursday after the company reported a 46% year-on-year decline in Q1 FY27 net profit to Rs 403 crore. Large fire claims and a Supreme Court verdict on Motor TP reserves hit the insurer hard, even as gross premium income rose by 7.5%.
MRPL shares surged 11.3% to Rs 175.30 on Thursday after the company reported a strong Q1FY27 performance. Revenue nearly doubled to Rs 41,609 crore, and the firm returned to profitability with a PAT of Rs 915 crore. Many operational milestones, including new pipeline authorisations, also helped the company get ahead.
Paytm parent One97 Communications will consider its first-ever bonus share issue alongside its June-quarter results on July 20. This move follows the company’s first full-year profit in FY26. Domestic institutional ownership also reached a record high of 24.9% during Q1FY27, as many mutual funds and insurers increased their stakes recently.