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NMDC shares experienced a rise of 2.5% following the announcement of robust first-quarter results for fiscal year 2026. Revenue saw a significant increase, driven by higher iron ore production and sales. While profit dipped slightly, operational performance was strong. The company holds substantial investments in various subsidiaries and joint ventures, both domestically and internationally.
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Apollo Hospitals Enterprise shares experienced a surge. This followed the company's strong Q1FY26 performance. The healthcare giant reported a significant increase in consolidated net profit. Revenue from operations also grew year-on-year. Positive earnings and revenue growth across business segments boosted investor confidence. The stock is exhibiting a bullish trend, trading above key Simple Moving Averages.
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Vikram Solar IPO: Vikram Solar has set a price band of 315322 for its 2,079.36 crore IPO opening on August 19, comprising a 1,500 crore fresh issue and 579.36 crore OFS. Minimum bid is 45 shares. The IPO is priced at a P/E of 68.4872.17x FY25 EPS, higher than the peer average of 44.28x.
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