Stocks

Lumentum (LITE) rose 9.24% to $779.89 on August 3, 2026 as a broad rebound in AI optics and semiconductor peers revived interest in its data-center photonics exposure. Read the daily analysis of Lumentum's AI-optics demand outlook, momentum risk and key technical levels.

Coherent Corp. (COHR) rose 9.60% to $288.14 on August 3, 2026 as a rebound in AI infrastructure and optical-networking shares renewed focus on demand for data-center connectivity. Read the daily analysis of Coherent's AI optics demand outlook, momentum risk and key technical levels.

Cerebras Systems (CBRS) rose 10.70% to $219.97 on August 3, 2026 as broader AI cloud optimism and renewed attention to Ark Invest's earlier purchases supported the recent IPO. Read the daily analysis of Cerebras Systems' AI-inference demand outlook, momentum risk and key technical levels.

Alok Bansidhar Shriram increased his stake in DCM Shriram International to 33.67% after receiving an additional 30.92% through an off-market transfer. The transaction was completed on August 1, 2026 and was described as an internal, nil-consideration restructuring within the promoter family. The promoter group’s combined holding remained unchanged at 50.11%, with no new investment, business change or control shift involved.

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.

Nazara Technologies reported a consolidated net loss of Rs 82.47 crore for the first quarter ended June 30, while revenue from operations fell 14 percent year on year to Rs 428.77 crore. Founder and CEO Nitish Mittersain said he will resign from the CEO role effective September 1, 2026, and continue as managing director. The company also revised its acquisition plans to buy 100 per cent of Spanish social gaming platforms Bluetile Games and BestPlay Systems for an aggregate fixed cash consideration of USD 303.02 million (about Rs 2,909 crore).

National Aluminium Company Ltd. (NALCO) posted a strong Q1 FY2026, with revenue at ₹3,806.9 crore, up 39% year on year. Net profit rose 91% to ₹1,049 crore, while EBITDA increased 82% to ₹1,488 crore, helped by higher aluminium prices as well as improved output and sales volumes. The company is progressing pre-commissioning work for a 1 million tonne-per-annum alumina refinery, with commercial operations expected to start in Q3 FY2027. It also plans to ramp up captive coal production to 4.8 million tonnes per annum to ease cost pressures.

Foreign institutional investors cut holdings in major Indian banks in Q1 FY27, including HDFC Bank (down 2.18 percentage points to 41.82%), Axis Bank (down 2.09 percentage points to 42.05%) and ICICI Bank (down 0.69 percentage points to 33.79%). Federal Bank was the exception, with FII ownership rising 1.66 percentage points to 27.71%. Over the same period, the Nifty index gained 16% in July. The shift points to weaker near-term foreign sentiment toward large banks even as the broader market rebounded.

SBI Funds Management posted its first quarterly results since listing, reporting a 3.3% year-on-year rise in net profit to Rs 873 crore for the quarter ended June 30, 2026. Revenue from operations increased 15.2% to Rs 1,146 crore, while assets under management rose 11% to Rs 12.6 trillion. Despite the growth, the stock fell 2% to Rs 576 on the BSE.

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.