FinEdge By Sharewealth

Dhoot Transmission and Molbio Diagnostics made strong stock market debuts, listing at premiums of 38% and 21.4% respectively on the NSE, following significant investor interest in their initial public offerings.

The Sensex has fallen by 407.68 points to 77,601.57, a decrease of 0.52%. The Nifty has also slipped by 94.90 points to 24,271.10, representing a 0.39% decline. Major losers include Infy, HCL, and TCS, with BSE Clearing introducing new 3-working-day SLB contracts.

Schneider Electric Infrastructure's shares dropped 12% after the company's Q1 net profit decreased 70% year-over-year to Rs 12 crore, despite a 5% increase in revenue. EBIT also declined, although record quarterly order intake and a rise in order backlog provided some positive notes.

Dhoot Transmission's shares listed at a 38% premium to the IPO price of ₹871, surpassing the expected 30% gain. Analysts remain positive on the company's long-term prospects due to strong revenue growth and its established wiring harness business, as well as increasing exposure to the electric vehicle market.

The Pramodini Medicare IPO allotment has been finalized. Investors can check their status on Purva Sharegistry. Refunds for unsuccessful applicants will begin on August 18, with shares credited to successful applicants on the same day, prior to the listing on NSE SME on August 19.

The stock market is experiencing a decline, with the Nifty falling below 24,300. Major losers include Infosys, Tata Motors, and HCLtech. The market is under pressure at the start of the week, with the Nifty down nearly 80 points from its previous mark.

Sunshine Pictures' initial public offering (IPO) is scheduled to open for subscription on Tuesday, August 18, and will conclude on Thursday, August 20. The price band for the issue has been set between ₹342 and ₹360 per share.

The allotment for the Pramodini Medicare IPO was finalized on August 17. Investors can check their status via Purva Sharegistry. Refunds for unsuccessful applicants and share credits for successful ones are scheduled for August 18. The company is set to list on the NSE SME exchange on August 19.

Alpex Solar reported its financial results for Q1 FY27, indicating a significant drop in revenue and a decline in net profit. The company's revenue decreased by 25% quarter-over-quarter, falling to ₹501 crore from ₹672 crore in Q4 FY26. Concurrently, Alpex Solar's net profit saw a 5.7% decline year-over-year.

Reliance Industries and Rolls-Royce have announced a strategic intent to jointly develop an indigenous combat engine for India’s AMCA aircraft program. The proposal includes establishing an Aerospace Gas Turbine Complex in India, designed to offer end-to-end capabilities spanning design, development, manufacturing, testing, and after-sales support. This collaboration aims to bolster Reliance's position within the defense and aerospace sectors, potentially marking its entry into the country's fighter jet engine development efforts.

The stock market is experiencing a decline, with the Nifty falling below 24,300. The indices are trading lower, down nearly 80 points, with Infosys, Tata Motors PV, and HCLtech being the top losers, as the markets struggle to recover from the day's low.

The Sunshine Pictures initial public offering will be open for subscription from August 18 to August 20. The share price band is set between ₹342 and ₹360 per share.

L&T has secured a significant order worth at least ₹15,000 crore. The company will carry out a substantial portion of the project's fabrication activities at its integrated manufacturing and fabrication facilities, according to its exchange filing, marking its 10th major win in a month.

Schneider Electric Infrastructure's shares dropped 12% after the company reported a 70% year-over-year decline in net profit to Rs 12 crore in the first quarter, despite a 5% increase in revenue. EBIT also decreased, although the company saw a record quarterly order intake and a significant rise in order backlog.