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.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
