Waaree Renewable Technologies shares surged as much as 12% after the company reported fourth-quarter net profit of Rs 155.72 crore, up 66% year-on-year, alongside revenue of Rs 1,102.40 crore, a 131% jump from the prior-year period. The results signal accelerating top-line growth driven by project execution at scale in India's expanding solar sector. EBITDA rose 63.71% over the same period, though margins contracted sharply, suggesting that revenue growth is outpacing cost efficiency, a dynamic investors in high-growth renewable execution firms will want to monitor closely. The company's 2.83 GWp order book provides near-term revenue visibility and reduces execution uncertainty, but the margin compression introduces a key risk variable: whether profitability can hold as the company scales through that backlog. The immediate market reaction reflects the headline beat, but the margin trajectory and order conversion rate will likely determine whether the re-rating is sustained.
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.
