🇮🇳 India Daybook: BSE Profit Surges 62%, MV Electrosystems Lists After Massive Demand

📍 IPO LISTING

• MV Electrosystems: Shares of the Madhuri Kela-backed firm will debut on the BSE and NSE today. The ₹290-crore IPO was oversubscribed 200.66 times, with grey market indicators suggesting a potential listing gain of nearly 24% over the issue price of ₹425.
• Juniper Green Energy: The renewable energy firm is scheduled to list its shares on the exchanges today. The ₹1,800-crore public issue received an overall subscription of 1.36 times.

📍 EARNINGS

• BSE Limited: The exchange reported a 62.2% YoY increase in consolidated net profit to ₹872.66 crore for Q1 FY27. Total income for the June quarter surged 63.4% YoY to ₹1,706.72 crore.
• PB Fintech (PolicyBazaar): The company’s Q1 FY27 net profit soared 92% YoY to ₹163 crore. Revenue from insurance broker services grew by 45.6% to ₹1,728.44 crore, while the total insurance premium increased 41% YoY.
• Nykaa (FSN E-commerce): Consolidated net profit for the June quarter jumped to ₹79.7 crore, a significant increase from ₹24.4 crore in the same period last year.
• Bharti Airtel: The telecom giant reported a 37.32% rise in consolidated net profit to ₹8,167.4 crore for Q1 FY27, supported by an 18.35% increase in revenue from operations.
• ONGC: The state-run energy major posted a 21.37% YoY growth in consolidated net profit to ₹1,189.89 crore for the first quarter, led by higher realizations from gas-lift earnings.

📍 ACQUISITION & MERGER

• Aurobindo Pharma: The company has completed the acquisition of US-based Lannett Company for approximately $250 million. Additionally, it plans to merge subsidiaries Eugia Steriles and Eugia SEZ into Eugia Pharma Specialities to consolidate its sterile injectables platform.
• Sun Pharmaceutical: The company has secured shareholder approval for the $11.75-billion acquisition of US-based Organon, marking one of the largest overseas expansions by an Indian pharma company.
• BSE Limited: The Board has approved a secondary purchase of 50 crore equity shares of India International Bullion Holding (IIBH) from its own subsidiaries to consolidate its strategic shareholding.

📍 EX-DATE

• Dividend: Several prominent stocks will trade ex-dividend today, including Linde India, Lumax Industries, Praj Industries, Rane Holdings, and Tasty Bite Eatables.
• Rights Issue: Genesys International Corporation and Shanti Gold International will trade ex-date for their respective rights issues today.
• Income Distribution: Nexus Select Trust will trade ex-date today for its scheduled income distribution to unitholders.

📍 STOCK IN SPOTLIGHT

• Aurobindo Pharma: The company is scheduled to hold its formal Q1 FY27 earnings call today, August 6, to discuss its financial performance and corporate restructuring plans.
• GAIL (India): The company has officially fixed September 2, 2026, as the record date for its upcoming dividend payment.

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