Curated coverage of DRHP filings, SEBI approvals, grey market trends, institutional bidding updates, and market listing reviews.
Sales decline 14.50% to Rs 383.33 crore
Emami Paper Mills' shares surged 20%, reaching ₹118.63, following a strong earnings report. The company reported a 512% net profit increase to ₹38.61 crore for the June quarter, boosting revenue by 22% year-on-year, leading to a remarkable stock recovery of 116% since March.
The board of HFCL Ltd has approved an investment of ₹215 crore to set up an advanced AI data centre.
The IPO market is gaining momentum with Lohia Corp, Indo-MIM, and Xtranet Technologies set to launch on July 23. Lohia Corp’s issue is valued at ₹4,500 crore, Indo-MIM at ₹24,000 crore, and Xtranet's at ₹170 crore, all amidst a fluctuating grey market sentiment.
Aye Finance reported a 144% increase in profit for Q1FY27. However, on a quarter-on-quarter basis, the company's profit dropped 13.3% from ₹85.91 crore in Q4FY26. Shares fell nearly 8% after the announcement.
Small-cap stock Maiden Forgings rose nearly 0.60% to ₹94 apiece on NSE.
Sales rise 15.37% to Rs 326.47 crore
Sales rise 10.45% to Rs 6582.82 crore
Sales rise 119.85% to Rs 1914.98 crore
Sales rise 23.49% to Rs 949.76 crore
To mitigate the impact of higher aviation turbine fuel (ATF), IndiGo has raised airfares, but analysts believe it will not be enough to stem the Q1 profit fall.