Shera Energy is making a preferential allotment of 45 lakh fully convertible warrants to promoters and two venture capital investors at an exercise price of ₹118, raising ₹53.1 crore. The warrants can be converted into equity shares within 18 months. After full conversion, promoter holding will rise to 66.82% from 62.35%, while public shareholding will fall to 33.18%. The fundraise has shareholder approval and in-principle clearance from the NSE, with the company stating it complies with SEBI and Companies Act requirements and disclosing no violations.

Tata Elxsi’s Q1 FY27 results showed year-on-year revenue and net profit growth of 14.46% and 18.17%, while net profit fell 22.58% quarter-on-quarter and gross margin narrowed sharply by 330 basis points. The stock fell 6.1% on the day to a 52-week low. Brokerages including JP Morgan, Kotak, Motilal Oswal and Elara Capital cut earnings estimates and kept neutral or sell calls, citing weak demand in automotive and medical devices, pressure on Europe-linked business and sticky transition costs. The developments were seen as a clear near-term negative trading catalyst for the stock.

Belrise Industries said it has launched a ₹1,200 crore qualified institutional placement (QIP), lifting its share price. A QIP is a fund-raising route in which a listed company issues new shares to existing shareholders or qualified institutional investors. Such issuances are typically used for debt repayment, capital expenditure or general corporate purposes. The launch came without any new business guidance or earnings revision and was presented as a standard issuer-led equity financing move.

L&T Technology Services reported higher results for the quarter ended June 2026, with consolidated net profit rising 12.9% year on year to ₹357.1 crore and revenue from operations up 11.47% to ₹2,940.1 crore. The company also announced a partnership with Anthropic to integrate Claude models across engineering processes and its AI-powered platforms. The updates helped lift LTTS shares 4% in a single session. Several brokerages kept or raised their ratings, while some cut target prices to account for forex losses.

Domestic gold prices in Pakistan fell Rs5,600 per tola in a single session, taking 24K gold to Rs424,136 per tola. International gold prices also declined $56 to $4,017 per ounce. Silver moved lower as well, with local silver down Rs50 per tola to Rs6,289 and international silver down $0.50 to $58.10 per ounce. The figures reflect updated spot market quotes.

Hero MotoCorp said it plans to invest an additional ₹1,000 crore in Ather Energy via a preferential issue of equity shares or convertible warrants, subject to approvals. The company expects the transaction to be completed within 15 days after the necessary approvals are received. As of June 2026, Hero held a 29.5% stake in Ather and is part of the promoter group. Ather, an early player in India’s electric two-wheeler market, reported a FY2026 turnover of ₹3,671.76 crore.

KEC International said it has secured new orders worth Rs 1,180 crore spanning its transmission and distribution, renewables, civil, and cables and conductors businesses. The wins include a 400 kV transmission line in western India aimed at evacuating power to a data centre, along with tower supply contracts in the Middle East and the Americas. The company also won a solar photovoltaic project exceeding 200 MW in western India and civil and structural works for a 150 MW thermal power plant in eastern India, adding to its order book.

L&T Technology Services reported consolidated net profit of Rs 356.6 crore for Q1 FY26, up nearly 13% year on year, while revenue from operations rose around 11.5% to Rs 2,940.1 crore. EBIT margin improved by 200 bps to 15.7% and the company said it secured several deals above $10 million, including one order worth more than $30 million. The stock gained 2.5% in the session, as brokerages revised target prices: Nomura raised its target to Rs 3,180 with a Neutral rating, Nuvama cut its target to Rs 3,500 while keeping Hold, and Motilal Oswal reiterated Neutral with a target of Rs 3,400.