Equity Alert
Juniper Green lists at 9% premium to issue price on NSE
This story was originally published at 11:33 IST on 6 August 2026
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Equity Alert: Juniper Green lists at 9% premium to issue price on NSE
MUMBAI--1110 IST--Shares of Juniper Green Energy listed at INR 245 on the National Stock Exchange, a premium of nearly 9% to the issue price of INR 225. The stock listed at INR 242 on BSE, a premium of nearly 8% to the issue price. At 1117 IST, its shares traded over 10% higher at INR 249.15 on the NSE.
The company's initial public offering which ended Monday was subscribed 7.97 times and the company received bids for 469.60 million shares against 58.92 million shares on offer. Qualified institutional investors showed more interest in the company's offer, and they subscribed the portion allocated to them 24.94 times. Juniper Green earlier had raised INR 5.39 billion through anchor investors.
Juniper Green Energy is a renewable power producer with a generating capacity of 7.90 gigawatts under various stages of implementation. The company develops, builds, operates, and maintains utility-scale renewable energy projects. For the financial year 2025-26 (Apr-Mar), it had reported a net profit of INR 404.6 million on revenues of INR 7.19 billion. (Adhithya Aji)
Equity Alert: GE Vernova T&D down; Q1 EBITDA margin fall likely upsets Street
MUMBAI--1024 IST--Shares of GE Vernova T&D India fell as much as 8% intraday Thursday even as the company's net profit for the June quarter rose 25% on year and beat analysts' expectations. The fall in the company's earnings before interest, taxes, depreciation, and amortisation margin and net profit margin likely dampened investor sentiment.
The company reported an EBITDA of INR 4.6 billion, higher than INR 3.9 billion for the year-ago June quarter. Its EBITDA margin, however, fell 400 basis points to 25.1%. The company's order bookings stood at INR 11.4 billion as of Jun. 30, down 30% on year.
The power equipment maker's revenue of INR 18.4 billion for the June quarter was 7?ove Nomura's expectations but its EBITDA margin was 88 bps lower than the broking firm's anticipated figure, though EBITDA beat estimates. Meanwhile, the company's lower order bookings for the quarter could be due to the absence of export orders worth around INR 12 billion from related-party entities in the US, Nomura said.
The management's comments on domestic order momentum and conversion of related-party entities' orders will be key to track, according to the brokerage. Upon a prima facie glance at the company's June quarter earnings, the brokerage maintains its 'buy' stance on the stock with an unchanged target price of INR 5,675.
GE Vernova's revenue, profit, and EBITDA were above Motilal Oswal Financial Services' estimates too. The company's profit for the quarter in focus was supported by better-than-expected order execution and higher other income, the brokerage said. However, costs of goods sold being higher than expected dragged down the company's EBITDA margin for the quarter.
The management of GE Vernova will hold a post-earnings conference call with investors Friday. At 1048 IST, its shares traded over 2% lower at INR 4,312.10 on the National Stock Exchange with trading volumes over 1.2 million. Volumes in the stock were much higher than the 111,000 witnessed until the same time Wednesday. The stock was among the top losers in the Nifty 200. (Ruchira Kagita)
Equity Alert: RateGain Travel Tech shares up 1% ahead of Apr-Jun earnings
MUMBAI--1045 IST--Shares of RateGain Travel Technologies rose almost 1% ahead of its June quarter earnings. At 1041 IST, shares of the company were 0.5% higher at INR 983.70 on the NSE.
360 ONE Capital Market expects the company's consolidated net profit for the June quarter to rise 16% sequentially to INR 814 million while Dolat Capital Market projects the net profit to rise 2% on quarter to INR 716 million. RateGain Travel Technologies' consolidated net sales are expected to increase in the June quarter. 360 ONE Capital expects net sales to go up 3% to INR 7.37 billion on quarter while Dolat capital expects net sales to go up 2% on quarter to INR 7.29 billion.
The company had reported a consolidated net profit of INR 700 million for the March quarter on consolidated net sales of INR 7.15 billion. The company will detail its June quarter earnings Thursday. Investors will watch for the company's travel demand, the impact of the war in West Asia on the growth of the company, and effect from Sojern and Adara businesses being unified into one business.
All three brokerage reports on the company available with Informist, have a "buy" recommendation on the stock with an average target price of INR 885 per share. The target price is down 10% from the current market price. (Diksha Singh)
Equity Alert: Healthcare Global up over 1% ahead of June quarter earnings
MUMBAI--0950 IST--Shares of Healthcare Global Enterprises were trading nearly 1% higher at INR 675 ahead of the company's June quarter earnings, due later in the day. Antique Stock Broking expects the speciality healthcare provider to report a net profit of INR 294 million for the June quarter, up over sixfold on year and down nearly 14% sequentially. The company's net profit was INR 47 million in the year-ago quarter. The brokerage expects the company's revenue to rise 15% on year and nearly 8% sequentially to INR 7.04 billion. The company's revenue was INR 6.12 billion in the year-ago quarter.
ICICI Securities expects Healthcare Global's net profit for the June quarter to rise fivefold on year to INR 248 million on revenue of INR 6.99 billion, up 14% on year. Sequentially, the brokerage expects the net profit to fall 27% and the revenue to rise 7%.
The company is expected to report earnings before interest, tax, depreciation, and amortisation of INR 1.27 billion for the June quarter, according to Antique Stock Broking. ICICI Securities expects the company's EBITDA at INR 1.35 billion. The company's EBITDA margin is likely to expand 130 basis points due to cost cutting and operating leverage, ICICI Securities said.
Investors will closely watch the company's ramp-up in occupancy, payer mix improvement, and the timeline for new bed additions. For the March quarter, Healthcare Global had reported a net profit of INR 341 million on revenues of INR 6.52 billion.
Of the six brokerage reports on the company available with Informist, five have a "buy" recommendation on the stock with an average target price of INR 754 per share, nearly 12% higher than the current market price. Only one has a "hold" recommendation on the stock with a target price of INR 700 per share. (Deesha Jadhav)
Equity Alert: Nifty 50 choppy after tad higher opening; Power Grid down 3%
MUMBAI--0940 IST--Domestic benchmark indices extended their gains for a second session Thursday by opening with marginal gains. Soon after opening, the Nifty 50 turned choppy, while the BSE Sensex sustained its gains. Around half the constituents in the Nifty 50 were higher in early trade. The finalisation of a deal between Iran and Oman on the Strait of Hormuz and crude oil prices hovering at $79 a barrel are expected to aid market sentiment ahead.
At 0920 IST, the Nifty 50 was at 24628.80, up 4.15 points or flat from its previous close. The BSE Sensex was at 78725.18, up 144.18 points or 0.2%. The equity market's fear gauge, India VIX, was marginally down at 12.0225 points. Broader market were mixed in early trade, with all small-cap indices gaining. While small-cap indices were up 0.1–0.5%, mid-cap indices shed 0.2?ch.
The Nifty Consumer Durables was the top-performing sectoral index, up 0.6%. On other hand, the Nifty Realty was the worst performer among them, down over 1%.
Titan Co. was the top gainer among the Nifty 50 companies, up over 1%. Shares of Reliance Industries were the second-biggest gainer in the index. Eternal and Jio Financial Services were other stocks which gained over 1?ch.
Meanwhile, Power Grid Corp. of India logged the most losses in the index, down nearly 3%. Shares of the company declined after its net profit for the June quarter fell 7% on year. The company's revenues for the reporting quarter also reported an on-year fall of over 1%. Trent and Hindalco Industries were down over 1.2-1.7%. Shares of Trent slipped ahead of its June quarter results, scheduled later in the day.
Hindustan Aeronautics gained the most in the Nifty 200 index, up nearly 5%. In the Nifty 500 index, Navin Fluorine International was the highest gainer, up almost 7%. Among stocks that fell in both the indices, Power Grid Corp. of India was the worst performer in the Nifty 200, while Saregama India, down almost 4%, shed the most in the Nifty 500 index. (Arundathi A R)
Equity Alert: Indices to move in range; investors eye closing auction clarity
MUMBAI--0840 IST--Headline equity indices are likely to move in a range Thursday as suggested by the movement of the GIFT Nifty. The finalisation of a deal between Iran and Oman on the Strait of Hormuz and crude oil prices hovering at $80 a barrel are expected to support the market sentiment. Market participants will keep a tab on the new closing auction mechanism for the equity cash segment after another day of sharp divergence between the closing levels of the Nifty 50 and the BSE Sensex. Shares of Trent will be in focus as the company will detail its June quarter results Thursday.
At 0839 IST, the August futures contract of GIFT Nifty was marginally higher from its previous close at 24719.50. The futures contract was nearly 95 points higher than the Nifty 50's previous close of 24624.65, indicating a rangebound movement for the index Thursday.
The Nifty 50 settled at 24570.20 points after the continuous trading session Wednesday at 1515 IST, down 0.2% from Tuesday. The BSE Sensex ended at 78501.85 points, up 0.1%. After the closing auction, the Nifty 50 ended at 24624.65, up 9.75 points from Tuesday and over 54 points higher than the 1515 IST level. At 1535 IST, the August futures contract of the Nifty 50 was at a premium of 22 points to the index's close. After the implementation of the new closing auction mechanism for the equity cash segment Monday, a sharp divergence between the closing levels of the Nifty 50 and the Sensex remained for the third straight session.
Shares of Power Grid Corp. of India will also be in focus as the company released its June quarter results early Thursday. The company reported a nearly 7% on-year fall in its net profit at INR 34.11 billion. Its revenues for the quarter fell over 1% on year to INR 97.95 billion. Both the key metrics missed meeting analysts' expectations for the quarter.
Barring the Dow Jones Industrial Average, the US indices settled lower Wednesday. The Nasdaq Composite closed nearly 1% lower, while the S&P 500 settled marginally lower. Asian indices were mixed, with most of them being lower in early trade. Hong Kong's Hang Seng index and Japan's Nikkei 225 ended almost 1% lower each. (Arundathi A R)
Equity Alert: Brokerages mixed on Bharti Airtel, Emkay ups target price by 5%
MUMBAI--0820 IST--Brokerages are mixed on Bharti Airtel after the company's post-earnings call with analysts. The company will continue investments in its Africa operations, which is expected to punch above its weight over time, a senior company official said. Tuesday, the telecommunications major detailed its June quarte earnings, reporting a 12% on-quarter rise in its net profit to INR 81.67 billion and a 6% rise in its top line to INR 585.39 billion. The company's Africa mobile services segment contributed around 30% of the company's revenues for the quarter ended June.
Nuvama Institutional Equities has an optimistic view on the stock. The brokerage expects the company's "industry-leading" average revenue per user and robust free cash-flow to continue to bolster its balance sheet. The brokerage sees Bharti Airtel as the best way to play the Indian telecommunications sector. The brokerage tweaked its estimates for the company's earnings before interest, tax, depreciation, and amortisation estimates for financial year 2026-27 (Apr-Mar) by over 1% and for FY28 by over 3%. The brokerage retained its "buy" recommendation on the stock with an unchanged target price of INR 2,550, incorporate a higher stake in the company's Africa subsidiary.
On other hand, Emkay Global Financial Services maintained its "reduce" recommendation on the stock but increased its target price to INR 2,000, up 5.3%. The brokerage expects the company's average revenue per user to have a compounded annual growth rate of 7.5% over FY26 and FY29, below the consensus view of 8.8%. The brokerages sees the company's enterpise multiple at nine times the EBITDA based on FY28 estimates. This implies the multiple for the India business at 12.3 times the estimate, which is at the top end of valuations for global telecommunications companies. Given the expensive valuations, the brokerage believes the risk-reward ratio is unfavorable. (Shruti Nair)
Equity Alert: Most markets in Asia fall, technology stocks drag down indices
MUMBAI--0806 IST--Most indices in Asia moved in the negative territory, dragged down by a decline in technology stocks. South Korea's headline index Kospi lagged its peers in the region and Japan's key Nikkei 225 index and Hong Kong's Hang Seng index were also firmly in the red. Indices in China were mixed, with the CSI 300 index lower and the SSE Composite higher.
A five-minute trading halt was triggered on the Kospi after the index fell more than 5% intraday. Shares of SK Hynix fell over 8% and those of Samsung Electronics Co. by 6%. Shares of Samsung Electro-Mechanics Co. and SK Inc. were down almost 10% while Samsung SDI Co. was 1.5% lower. The broader market Kosdaq was also in the red, but fared slightly better than the benchmark. During early hours, the Kosdaq was about 2% down.
In Japan, the benchmark 225-stock index fell almost 2%. Index heavyweights Advantest Corp and Tokyo Electron were down 4% and 6%, respectively. Among other key stocks in the country, SoftBank Group Corp. fell over 6%, Murata Manufacturing Co. more than 8%, and TDK Corp. amost 5%. The country's broader market index, Topix, was only slighlty lower.
Following are the levels of key indices in the region at 0804 IST:
|
Index |
Level |
Change in % |
|
Nikkei 225 Day |
65185.18 | (-)1.68 |
|
TOPIX FIRST SECTION |
4035.99 | (-)0.25 |
|
S&P/ASX 200 Index |
9279.10 | 0.56 |
|
KOSPI Index |
6299.45 | (-)4.53 |
|
Hang Seng Index |
25441.69 | (-)1.83 |
|
CSI 300 Index |
4655.9296 | (-)0.05 |
|
FTSE Singapore Strait Times |
5631.19 | 0.89 |
(Ruchira Kagita)
Equity Alert: Wall Street ends mixed; Dow Jones, S&P hit record highs Wed
MUMBAI--0742 IST--Wall Street ended mixed even as the Dow Jones Industrial Average and the S&P 500 hit record highs Wednesday. The technology-heavy Nasdaq Composite ended lower. The S&P 500 pared its gains through the session and ended in the red. The Google parent Alphabet led losses in the magnificent seven stocks. Shares of Amazon, Microsoft, and Tesla closed lower though Nvidia outperformed.
Alphabet slumped 4% on an overhaul in its artificial intelligence vertical. Demis Hassabis, the chief executive officer Google DeepMind, stepped down from the position. Koray Kavukcuoglu, its chief technology officer, will now be the senior vice-president of DeepMind. Shares of Nvidia jumped and closed over 3% higher after Elon Musk said SpaceX will exclusively use the Nvidia's artificial-intelligence chips to grow its computing capacity, according to multiple media reports. However, shares of Nvidia's rival, Advanced Micro Devices, fell 7%. "I have tremendous respect for Elon and everything that he has done, and so we look forward to continuing to partner over the longer term," Advanced Micro Devices CEO Lisa Su told CNBC.
Shares of SanDisk Corp. fell as much as over 5?ter its guidance for its financial year ending September disappointed the Street though its earnings per share, overall revenue, and revenue from data centres for the quarter ended June were ahead of analysts' expectations. The company reported an earnings of $39.25 per share, above the estimate of $34.96 by FactSet and its sales from data center services were $2.98 billion, beating the expectation of $2.98 billion. However, its forecast of revenue being between $10.30 billion and $10.80 billion was below the anticipated $10.82 billion, Barrons reported.
Shares of Walt Disney Co. ended almost 4% higher after posting a healthy set of earnings for the June quarter. The broadcaster's revenues increased 7% to $25.2 billion, led by sales at domestic parks and experiences. The total parks and experiences revenues rose 10% on year. For its financial year ending September, the company expects its adjusted earnings per share to grow around 12%, including the impact of the 53rd week. The Toy Story 5 and strong ESPN viewership gains helped expand its consumer reach this quarter and boosted its earnings. Disney expects its operating income for the quarter ending September to be $4.9 billion.
Following were the closing levels of major US indices Wednesday:
|
Index |
Level |
Change in % |
|
Dow Jones Industrial Average |
54349.12 | 0.49 |
|
NASDAQ Composite |
26363.439 | (-)0.83 |
|
S&P 500 |
7723.55 | (-)0.17 |
(Ruchira Kagita)
US$1 = INR 95.19
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Himanshi Gupta
All prices from National Stock Exchange, unless otherwise specified.
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