Mazagon Dock Shipbuilders delivered exceptional Q2 FY26 results, with net income surging 65.76% quarter-on-quarter to ₹749.48 crore compared to ₹549.41 crore in the previous quarter. The company's operating income witnessed remarkable growth of 140.87% QoQ to ₹671.13 crore from ₹417.61 crore in Q1 FY26. Total revenue increased 11.57% QoQ to ₹2,929.24 crore compared to ₹2,942.70 crore in the previous quarter. Diluted normalized EPS improved significantly to ₹18.58 from ₹13.62 in Q1 FY26, representing a 65.74% quarter-on-quarter increase.
Indian stock markets are expected to start on a flat note on Thursday (August 27), as indicated by GIFT Nifty. According to reports from ET Now, GIFT Nifty was flat at 24,362 as of 8:10 am IST, serving as a pre-market indicator for the Nifty 50. The mixed signals from Asian markets are contributing to the cautious opening sentiment, with major indices showing broadly mixed trends across the region.
SEBI-registered research analyst Kunal Bothra has recommended specific stocks for Thursday's trading session. As reported by ET Now, Mazagon Dock Shipbuilders is recommended as a buy with a target price of ₹2,800 and stop loss at ₹2,600. Conversely, Bharti Airtel is recommended as a sell with a target price of ₹1,875 and stop loss at ₹1,940. These recommendations come ahead of the trading session and reflect analyst expectations for specific stock movements, with Mazagon Dock's strong Q2 results providing additional support for the buy recommendation.
Asian markets traded in mixed territory on Thursday (August 27), with major indices showing varied performance. According to ET Now reports, Japan's Nikkei 225 traded flat at 66,276, while South Korea's KOSPI gained over 2 per cent to 6,949.46. Hong Kong's Hang Seng traded around 0.5 per cent lower at 25,530, and China's Shanghai Composite ticked higher by 0.2 per cent to 3,917.60. The mixed performance across Asian markets is contributing to the cautious sentiment in Indian markets.
On Wednesday, August 26, Indian markets closed with mixed results. As reported by ET Now, the 30-share BSE benchmark Sensex fell 183.15 points, or 0.24 per cent, to close at 77,472.94. The NSE Nifty declined 126.80 points, or 0.52 per cent, to close at 24,207.75. Among Nifty 50 stocks, Kotak Mahindra Bank, Axis Bank and JSW Steel were the top gainers, while Bharti Airtel, Power Grid Corporation and Infosys were among the top losers.
