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ITC’s Q2 earnings are anticipated to show a modest profit increase of up to 11% year-on-year, with revenue projected to climb around 15%. Analysts expect steady cigarette volumes and an improved product mix to drive growth, though FMCG and agri segments might see slower progress.
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Orkla India’s Rs 1,667 crore IPO opened today, receiving 22% subscription within the first hour, led by strong retail and NII participation. Priced between Rs 695–730, the issue carries a grey market premium of Rs 77, implying a 10.5% listing gain. Analysts recommend a long-term ‘Subscribe’ based on solid brand strength and financials.
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Aditya Birla Capital shares: Advent International’s affiliate Jomei Investments has fully exited Aditya Birla Capital, selling its entire 2% stake, or 53.2 million shares, via a block deal at ₹308 per share for ₹1,639 crore ($186 million), a 1.5% discount to the previous close.
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Apple briefly hit a $4 trillion valuation driven by strong iPhone demand and renewed investor optimism, joining Nvidia and Microsoft in the elite club despite lingering concerns over its AI strategy.
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Veteran investor Dolly Khanna has reshuffled her Rs 500 crore portfolio, adding to five small-cap stocks including Mangalore Chemicals and Coffee Day Enterprises. Her trades signal selective optimism in India’s industrial and fertilizer sectors, with a contrarian bet on Coffee Day’s revival potential.
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