Stocks

Peak XV and Elevation Capital are set to pare their holdings in Meesho through a block deal of about Rs 1,900 crore, involving a combined 2.3% stake. The sale is for nearly 10.5 crore shares at a floor price of Rs 182.08 each, a 5% discount to the prevailing market price. Meesho also reported that its Q1 net loss narrowed to Rs 133 crore, while Citi reiterated a Buy rating and raised its target price to Rs 220 from Rs 210.

Maas Group Holdings Ltd (ASX: MGH) said data centre company Firmus will make an additional A$300 million equity investment and has awarded A$855 million in new contracts. The deals lift work-in-hand at its wholly owned electrical infrastructure unit, JLE Group, to A$1.2 billion scheduled for delivery over the next 18 months. Maas Group also raised its full-year underlying EBITDA guidance to A$300–A$310 million from A$250–A$280 million. Shares rose 8.1% to A$5.36.

Several India-listed companies posted stronger-than-expected quarterly results, led by Great Eastern Shipping, where profit nearly doubled and the stock rose 3.5%. Restaurant Brands Asia climbed 6.2% after reporting strong same-store sales. IREDA reported net profit up 36.8% year on year to ₹3.38 billion, while GPT Healthcare posted a 65.7% increase in net profit. The results point to improving earnings momentum and acted as positive catalysts for the respective stocks.

Texmaco Rail and Engineering reported June-quarter results with net profit up 66.8% year on year to ₹50 crore, while revenue fell 16.9% to ₹757 crore. EBITDA declined 19.6% to ₹57 crore, and the EBITDA margin was unchanged at 8%. The company also received orders from South Western Railway worth ₹0.74 crore and from Central Warehousing Corporation worth ₹70.72 crores to manufacture and supply BLSS rakes along with a Brake Van.

SF Intracity (9699.HK) issued a positive profit alert for the first half of 2026, forecasting profit attributable to owners of no less than RMB301 million, up at least 120% year on year. It also expects adjusted net profit of no less than RMB240 million, an increase of no less than 50%, and revenue of no less than RMB11,669 million, up at least 14%. The forecast falls under statutory disclosure requirements for Hong Kong-listed companies and directly reflects an improvement in the company’s fundamentals.

State-run Oil and Natural Gas Corporation (ONGC) is developing a 1.75 million tonnes petroleum storage facility at Mangaluru, with half of the capacity set aside for strategic reserves and the rest for commercial operations. Separately, three investors in Paytm parent One 97 Communications plan to sell shares worth up to Rs 2,002 crore at a 5% discount in a deal structured as a 100% secondary sale, meaning the company will not receive proceeds. LIC, Airtel and BSE were also among stocks on investors’ radar amid a broader market rise.

Vedanta Aluminium will turn ex-dividend on August 5 for its first interim dividend of Rs 8 per share. For the April–June quarter, the company posted a 216% year-on-year jump in net profit to Rs 5,629 crore. Revenue from operations rose 46% to Rs 21,393 crore, while EBITDA climbed 134% to Rs 10,499 crore and the EBITDA margin improved to 50%.

Five major Japanese securities firms reported sharp year-on-year increases in consolidated net profit for April–June. Nomura Holdings posted net profit of 145.5 billion yen, up 39.2%, while Daiwa Securities Group rose 80.6% to 56.4 billion yen and SMBC Nikko Securities jumped 2.5-fold to 26.7 billion yen. The gains were driven by stronger commission revenue from active bond trading amid rising interest rates and brisk equity transactions tied to semiconductor-related shares. Investment trust funds and fund wrap discretionary asset management services also contributed, according to Jiji Press.

JSW Infrastructure, an Indian infrastructure stock, handled 31 million tonnes of cargo in Q1FY27, up a little less than 6% year on year. Over the same quarter, institutional ownership rose, with FIIs increasing their holding to 11.21% and DIIs to 9.19%. The company reported a ROCE of 13.7%, close to the industry median of 13.9%, and said it operates 186 million tonnes per annum of capacity across ports on India’s east and west coasts.

RateGain said it has advanced the integration of Sojern, adding 320 data partners and 1.5 billion travel graph IDs to its platform. The company reported Q4 gross margin of 23.5%, with annualised cost synergies reaching USD 15 million, above its earlier guidance. Customers using its Agentic ARI product reported a 30% to 40% improvement in ARI traffic optimisation.