Bain Capital-backed automotive wiring harness maker Dhoot Transmission has launched its IPO with a price band of Rs 829 to Rs 871 per share, with subscriptions running from August 10 to August 12. The offering includes a Rs 1,400 crore fresh issue and an offer for sale of around 1.9 crore shares, mainly by existing shareholder Bain Capital. At the upper end of the band, the company is expected to raise Rs 3,066.89 crore and list with an estimated market capitalisation of about Rs 17,816.14 crore.

KEC International said it has won new orders worth Rs 1,063 crore spanning civil construction and transmission and distribution, lifting its total order book to Rs 6,300 crore. The company’s civil wins include a high-rise residential project, while its T&D business secured a 400 kV transmission line order in Africa and tower, hardware and pole supplies in the Americas. The stock rose 2% to Rs 478.75, taking its market capitalisation to Rs 12,744 crore.

India has announced plans to invest up to Rs 45,000 crore ($4.7 billion) to upgrade railway infrastructure along its borders with China, Pakistan and Bangladesh. Railway-linked stocks rose on the news, with IRCTC up 5% to Rs 513 and Ircon International also up 5% to Rs 132. Titagarh Rail gained 3.64% to Rs 855, while RailTel advanced 2.25% to Rs 290.85. RVNL rose 3.19%, and Texmaco Rail and IRFC were up more than 1%.

MTAR Technologies reported Q1 FY26 net profit of Rs 50.23 crore, up 365% year on year, on revenue of Rs 360.72 crore, up 130%. EBITDA margin expanded 548 basis points to 23.58% as EBITDA more than tripled. The company also won a Rs 504 crore civil nuclear order, taking its cumulative order value past Rs 3,100 crore. The stock is up 950% versus its IPO price but is down about 30% from its peak, and analysts see 45% upside.

Muthoot Finance fell 11% after reporting a weaker-than-expected June-quarter performance, with standalone AUM growth slowing to 43% YoY and 6% QoQ. Net interest margin narrowed 297 basis points QoQ to 10.4%, resulting in a 17% miss on profit after tax. A brokerage said softer gold prices and intensifying competition in the gold-loan market were key drivers.

Bajaj Finance shares notched a second consecutive record, rising 2.57% to Rs 1177.60, taking their monthly gain to 14% and the three-month rise to 25.38%. CLSA reiterated an Outperform rating and lifted its target price to Rs 1,300, implying upside of more than 23% from the previous close. The brokerage said quarterly profit after tax beat its estimate by about 6%, helped by stronger net interest income, higher preprovision operating profit and lower-than-expected credit costs.

Shares of 63 Moons Technologies Ltd have risen for six straight sessions, gaining 34% overall, including an 11% jump on Friday to Rs 847.05. The move follows a Mumbai MPID Court order cancelling the attachment of the company’s assets under an earlier notification, subject to certain conditions. Against this backdrop, MOFSL has issued a positional buy call with a target price of Rs 910.

State-owned shipbuilder Garden Reach Shipbuilders & Engineers Ltd (GRSE) said it has won an ONGC order worth Rs 1,032.07 crore to build four Platform Supply Vessels. The contract adds to a quarter in which GRSE reported a 43.8% year-on-year jump in net profit to Rs 172.8 crore. Revenue from operations rose 38.5% to Rs 1,814.6 crore. EBITDA increased 33.3%.

Swiggy reported Q1 FY2024 revenue of Rs 6812 crore, up 37% year on year, while net loss narrowed to Rs 791 crore. Food delivery Gross Order Value (GOV) rose to Rs 9,490 crore and monthly transacting users (MTUs) climbed to 19.2 million, both up about 17.5% from a year earlier. Management said the food delivery economics continue to strengthen. Swiggy shares rose 3% after the results.