Overview

• Vishal Fabrics converted 2.25 crore warrants into equity at ₹30.60 per share, raising ₹51.63 crore and boosting its paid-up capital to ₹123.80 crore.
• JSW Cement’s IPO opened with a ₹139–147 price band targeting ₹3,600 crore while Highway Infrastructure’s offer drew 202.52 times subscription as of August 7.
• Hazoor Multi Projects completed its acquisition of Quippo Oil & Gas via a Swiss Challenge process, adding 14 advanced drilling machines and over 400 sector experts.
• RDB Infrastructure reported a Q1 net profit of ₹2.72 crore on ₹69.24 crore income, tripling its prior quarter’s earnings, and Kalyan Jewellers saw net profit jump 49% to ₹264 crore even as its share price fell over 9% on margin mix concerns.
• Brokerages maintained buy calls on key stocks, with Axis Securities forecasting 27% upside for VA Tech WABAG and 20% for Bharti Airtel, and JM Financial expecting a 16.1% rally in BHEL.