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Electric Vehicles (EV) maker Ola Electric Mobility reported a consolidated net loss of Rs 336 crore in the fiscal first quarter ended June 2026, down from a loss of Rs 428 crore in the same quarter last year and Rs 500 crore in the March quarter.
The Nifty PSU Bank index fell 0.83%, while the Oil and Gas and Realty indices declined 0.69% and 0.46%, respectively. Nifty Metal gained 0.34%, Nifty IT rose 0.33% and Nifty Pharma advanced 0.24%.
More than 250 companies, including Vodafone Idea, Info Edge and Bharat Forge, will report Q1 FY27 results on Aug. 10 as earnings season gains pace.
Kaynes Technology's Q1 profit fell 24.4% while Ebita margin narrowed to 15.5%, with management flagging higher component costs, supply constraints and pressure on profitability in the coming quarters.
Smallcap Stock Under Rs 100: On Monday, the smallcap stock currently priced under Rs 100, opened at Rs 61.70 compared to a previous close of Rs 63.33 and extended losses by over 8% to hit an intraday low of Rs 57.86 so far during the session.
As of 9:20 a.m., the stock pared some gains to trade 0.71% higher at Rs 12.82, compared to a 0.17% advance in the Nifty index on Monday.
Kaynes Technology shares fell as much as 8.4% after its Q1 profit declined despite strong revenue growth, with brokerages flagging working capital and smart meter collections as key concerns.
Kaynes revenue jumped 41% YoY in Q1, core EMS business grew 48%, and Motilal Oswal sees OSAT and PCB ventures emerging as key growth drivers while retaining a Buy rating.
Molbio Diagnostics IPO opens Aug. 10 with a GMP of Rs 122, signalling a potential 16.36% listing gain. Here are key issue details.
From decade-high credit growth to a stabilising rupee, Jefferies' Christopher Wood lays out why India remains his preferred market in Asia, even as foreign investors stay net sellers year-to-date.
