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Zen Technologies reported a 28% fall in Q2 FY26 revenue to Rs 173.5 crore, while net profit dipped 2.2% to Rs 62 crore. H1FY26 shows a 30% revenue decline and 20% lower profit.
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India’s IPO market revives this week with three new issues worth over Rs 1,750 crore — Orkla India, Game Changers Texfab, and Jayesh Logistics — signaling renewed investor enthusiasm amid record-high markets.
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Docon Technologies has divested a 10% stake in Thyrocare Technologies for a substantial Rs 667 crore, bringing its ownership down to 61%. Notable mutual funds like ICICI Prudential MF and HDFC MF came together to acquire a hefty chunk of the shares sold.
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In a three-day trading week, Nifty gained 0.33%, attempting a breakout from a multi-month consolidation. With improving technical momentum and strong moving averages, sustaining above 25,900 could confirm a new bullish trend.
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Markets extended their winning streak for the fourth week, with Nifty up 0.33% and Sensex 0.31%. Optimism from strong earnings and trade hopes drove sentiment, though profit-booking and cooling indicators signal near-term caution.
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