News Overview

FPIs net sold $(2,000) Million in equities in the recent week, with sentiments clearly veering towards risk-off

Markets enter a very tentative week, wherein the outcome of penal tariffs will become evident

Here are some of the stocks that may see significant price movement today: ITC Limited, Tata Power, RailTel Corporation, etc.

In the medium and heavy commercial vehicle segment, Ashok Leyland sold 8,145 units across India. This is a 6% increase compared to July 2024.

On the operational front, EBITDA rose to ₹1,303 crore, exceeding last year’s figure of ₹1,146 crore.

EBITDA stood at ₹88.3 crore for the quarter. This is more than double the ₹42.3 crore recorded a year ago.

During the quarter, cement dispatches stood at 33.26 lakh tonnes, reflecting nearly 10% year-on-year growth.

The issue will be a pure offer for sale (OFS) of up to 10.5 crore equity shares of face value ₹10 each.

The company’s export revenue rose 21% year-on-year, contributing ₹205 crore during the quarter. The domestic sales accounted for ₹78 crore.

The company’s net profit declined 8.7% year-on-year to ₹124.6 crore in Q1 FY26. This is compared with ₹136.5 crore in the same quarter of the previous fiscal.