Reliance Power shares surged up to 18% during Wednesday's trading session after the company announced its strategic foray into artificial intelligence and technology-driven businesses through subsidiaries. According to IIFL Capital Services, the stock extended gains for two consecutive sessions following the company's announcement of "enabling steps" to enter the AI and technology space. The rally was triggered after Reliance Power informed exchanges that it has taken "enabling steps" to enter the artificial intelligence and technology space through its subsidiaries, with the stock now gaining for two straight sessions driven by renewed investor interest.
Maruti Suzuki India reported a substantial 39.57% YoY growth in total vehicle manufacturing for June, with total production volumes climbing significantly to 1.78 lakh units compared to 1.27 lakh units manufactured in June last year. According to reports from Essential Business Intelligence, the automotive giant's strong performance reflects robust demand in the passenger vehicle segment. Force Motors also demonstrated exceptional growth with domestic vehicle sales surging 26.63% YoY from 2,801 to 3,547 units, while vehicle export volumes witnessed a substantial 76.14% jump from 21 to 88 units.
NMDC delivered impressive results with monthly production surging 44% YoY in June, climbing from 3.57 MT to 5.15 MT driven by strong performance at its Chhattisgarh Plant. As reported by Essential Business Intelligence, the state-owned miner also recorded 11% YoY growth in sales for the month, rising from 3.58 MT to 3.98 MT. V2 Retail achieved remarkable 58% YoY revenue growth in Q1 FY27 with 7.5% Same-Store Sales Growth, while V-Mart Retail reported a robust 23% YoY revenue jump to ₹1,089 crores for the quarter. The retailer expanded its footprint by opening 15 new stores and bringing its total operating portfolio to 591 stores.
South Indian Bank kickstarted Q1 FY27 on a strong note with 17.0% YoY growth in Gross Advances to ₹1,04,366 crore. According to reports from Essential Business Intelligence, Total Deposits increased 11.4% YoY to ₹1,25,786 crore, while CASA deposits rose 14.6% YoY to ₹41,493 crore, effectively improving the bank's CASA ratio by 93 bps YoY to 32.99%. Canara Bank reported an 11.7% YoY growth in Global Deposits to ₹16.13 lakh crore with Global Advances surging 18.0% YoY to ₹12.93 lakh crore.
Ola Electric announced significant growth with 43,719 vehicles registered in Q1 FY27 based on official VAHAN data, nearly doubling from 22,252 vehicles registered in Q4 FY26. As reported by Essential Business Intelligence, the company is leveraging positive consumer momentum in the EV space. Hero MotoCorp announced a massive investment layout exceeding ₹3,200 crore in Andhra Pradesh, featuring a ₹750 crore Tirupati Global Parts Centre and projected to generate over 4,000 regional jobs. Coal India secured a major green energy mandate to set up a 600 MW solar plant at the Jalaun Solar Park in Uttar Pradesh with an estimated cost of ₹2,831.11 crore.
JTL Industries delivered strong sales volume growth of 18% YoY, rising from 1,08,406 MT in Q1 FY26 to 1,18,513 MT in Q1 FY27, with management highlighting robust demand and enhanced capacity utilization. Brainbees Solutions (FirstCry parent company) has approved participating in the proposed IPO of its subsidiary, Swara Baby Products, via an Offer for Sale (OFS) of shares worth up to ₹300 crore. These companies are expected to attract investor attention during Thursday's trading session alongside other focus stocks including NMDC, Hero MotoCorp, Ola Electric, FirstCry, and Coal India.
