VST Industries shares surged 15% on Friday after the cigarette manufacturer reported a 120% jump in net profit to Rs 116 crore for Q4 FY26. Revenue from operations rose 52% in the same quarter, while EBITDA climbed 61%, signaling meaningful margin expansion alongside top-line growth. The company attributed the performance to strong fundamentals and market initiatives, though specific product-level or geographic drivers were not detailed. The scale of the earnings beat, net profit more than doubling while EBITDA growth lagged revenue growth, suggests operating leverage played a role, but cost-side improvements also contributed. The 15% single-session share price move reflects a significant repricing of near-term earnings expectations. Investors will now focus on whether VST can sustain revenue momentum through FY27, given that a 52% revenue increase in one quarter sets a high base for year-on-year comparisons. Volume trajectory and pricing power in the mid-segment cigarette market will be the key variables to track.
The Indian government has launched an OFS to sell up to 6.5% of its LIC stake, opening for non-retail investors on August 4, 2026, at a floor price of Rs 382 per share, about 11% below Monday's close. The discounted offering is likely to pressure LIC shares in the near term as supply increases sharply.
More than a dozen major Indian companies including Bharti Airtel, ONGC, Pidilite, Nykaa, DLF, and Ather Energy report April-June 2026 earnings on August 4. Results span telecom, energy, consumer goods, real estate, and EV sectors, giving markets a broad read on corporate health mid-earnings season.
Amazon shares hit a new all-time high Monday, pushing its market cap above $3 trillion following a sustained post-earnings rally. The milestone places Amazon among the very few companies globally to reach this valuation, with investor focus on AWS and advertising growth driving the move.
Sensex Gains 500 Points as Oil Falls on Iran Talks
The Sensex rose around 500 points and the Nifty crossed 24,500 on Monday after Donald Trump announced talks with Iran, pushing oil prices lower. IndiGo, ITC, FMCG, and metals led the gains as cheaper crude eased cost and inflation concerns.
