Moneylife’s market breadth indicators slipped back after three sessions in bullish phase, underscoring the fragility of the current rally. The geopolitical backdrop has only deepened the uncertainty. Negotiations, aimed at securing peace between the United States, Israel and Iran, are not ending on a positive note, with no clear conclusion in sight. Instead, the conflict has resumed, with both sides striking each other, reinforcing the sense that peace is not happening and that markets remain hostage to geopolitical shocks. The trends of the major indices in the course of the week's trading are given in the table below:
News
NTPC has announced the commercial operation of 34.4MW (megawatt) solar capacity at its Ramagundam solar PV project in Telangana, effective midnight on 29 May 2026. This commissioning is part of the larger 176MW project, marking the second tranche of operational capacity. With this addition, NTPC’s total installed capacity now stands at 90,807MW, while its commercial capacity is at 88,927MW.
In a major relief for Amazon, the Supreme Court has set aside the competition commission of India’s (CCI’s) ₹202‑crore penalty linked to its 2019 investment in Future Coupons Pvt Ltd. The apex court’s ruling overturns CCI’s December 2021 order which had suspended approval for Amazon’s acquisition of a 49% stake in Future Coupons and imposed penalties for alleged suppression of material information regarding its strategic interest in Future Retail Ltd (Big Bazaar chain).
Park Medi World (formerly Park Medi World Pvt Ltd, operating as Park group of Hospitals) has approved the acquisition of V3 Healthcare Pvt Ltd, which runs The Medicity Hospital in Rudrapur (Uttarakhand). The deal, valued at ₹177 crore in cash, will be executed in two tranches: 80% stake by 31 August 2026 and the remaining 20% by 30 April 2030.
Cryogenic OGS, formerly Cryogenic Liquide Pvt Ltd, has achieved a major milestone with Abu Dhabi National Oil Company (ADNOC) enlistment approval for its metering skids category. assigned manufacturer ID Code 20037655 under Category Code 146080. The company is now formally recognised as an approved vendor for liquid and gas metering skids. This approval opens access to ADNOC’s extensive tender opportunities across the United Arab Emirates (UAE) and beyond, positioning Cryogenic OGS within the global oil & gas equipment supply chain.
Mahanagar Gas (MGL) announced the withdrawal of all customer support schemes and subsidies with immediate effect, citing the impact of deepening geopolitical tensions. The ongoing West Asia war-driven energy crisis is squeezing gas distributors across India, forcing MGL to prioritise operational sustainability over relief measures.
LTIMindtree entered a strategic partnership with UK-based SSP group to deliver artificial intelligence (AI)-powered modernisation of IT infrastructure and application support services. Under the agreement, LTM will provide end-to-end IT infrastructure support and enhanced application maintenance services for SSP group which operates food & beverage (F&B) outlets across airports and railway stations globally.
Persistent Systems announced a strategic partnership with Kong to help enterprises securely scale AI deployments across hybrid and multi cloud environments. The collaboration will focus on building a governed connectivity layer spanning Application Programming Interfaces (APIs), data pipelines, AI models and enterprise systems.
Kalpataru Projects International signed a cluster redevelopment project in Ashok Nagar (Kandivali East, Mumbai) spanning around 2.8 acres and covering five adjacent cooperative housing societies. The project carries a free sale potential of around 0.37MSF (million square feet) carpet area with an estimated gross development value (GDV) of ₹1,250 crore.
Jupiter Wagons, through its subsidiary Jupiter Electric Mobility (JEM) Energy, has signed strategic memorandums of understanding (MoUs) with Chalukya Power and Pickrenew Energy to expand its battery energy storage system (BESS) footprint. The agreements add 110MWh (megawatt-hour) of projects to JEM Energy’s FY26-27 order-book, spanning utility scale and Commercial and Industrial (C&I) deployments. With these additions, JEM Energy’s BESS order-book has crossed ₹150 crore, including engagements with private developers and public sector clients like Power Grid. The company is targeting a ₹200 crore order-book in FY26-27, scaling to ₹500 crore revenue by FY27-28 and a long term aspiration of ₹1,000 crore by FY29-30 in the battery and storage vertical.
Datamatics partnered with SBI Life Insurance to modernise underwriting operations through Agentic AI-powered automation. SBI Life will deploy Datamatics’ TruAI underwriting solution, designed to support underwriters in handling complex medical cases by analysing medical histories, lab reports, declarations and other risk-related documents.
Zen Technologies unveiled India’s first integrated smart border suite (ISBS), a 24×7 intelligent digital shield designed to secure the country’s borders against illegal infiltration, narco-terrorism, drone-based smuggling and hybrid warfare tactics. The launch follows Union home minister Amit Shah’s announcement of a nationwide ‘Smart Border’ project to secure nearly 6,000km (kilometre) of border with Pakistan and Bangladesh using advanced technologies. ISBS enables swift detection, tracking and neutralisation of hostile activities across high-risk terrains, marking a major leap in India’s border security modernisation.
Tata AutoComp Systems Ltd has entered into a joint venture (JV) with South Korea’s Jahwa Electronics to locally manufacture and supply advanced low-voltage and high-voltage PTC (positive temperature coefficient) heaters for India’s fast-growing electric vehicle (EV) market. The partnership combines Jahwa’s expertise in thermal management technologies and magnetic materials with Tata AutoComp’s manufacturing capabilities and customer network, aiming to meet rising demand for efficient thermal solutions in EVs and hybrids.
Orders
Solar Industries India Ltd announced that it, along with its subsidiary, has secured export orders worth ₹1,076 crore for the supply of defence products to international clients.
Ashok Leyland, flagship of the Hinduja group and India’s leading commercial vehicle (CV)-maker, has secured a 715‑vehicle order from VRL Logistics, one of the country’s largest surface transport operators. The order includes a mix of AVTR 3,120 haulage trucks, BOSS 1,615 trucks and Oyster staff buses, reflecting VRL’s diverse operational needs. Of the total, 300 trucks have already been delivered, with the remaining 415 scheduled for rollout within the year.
Balu Forge Industries (BFIL) secured its first aerospace order from US-based Alpha Aircraft Systems Inc, marking its official entry into the sector. The order, confirmed with advance payment on 25 May 2026, covers precision-engineered components, initiating the manufacturing phase.
AXISCADES Technologies announced a strategic pivot from services to aerospace manufacturing and products, transferring its engineering services business (heavy engineering, energy, automotive) to Akkodis, a global digital engineering consulting leader. The transaction, valued at US$30.63mn (million) plus performance-based earn-outs, involves Akkodis acquiring 100% of the engineering services business, with closing expected in Q3Fy26-27, subject to regulatory approvals.
ONGC announced a collaboration with BPXS to optimise production from mature offshore fields in the Mumbai offshore basin (excluding Mumbai High). BPXS will review reservoirs, facilities and wells to identify performance improvements. The technical support programme (TSP) projects 10.8% increase in crude oil output, rising from 46.25MMT (million metric tonnes) to 51.26MMT and 31.5% jump in gas production, from 82.68(Billion Cubic Meters) to 108.69BCM. Overall, oil and oil equivalent gas (O+OEG) production is expected to grow 24.1%, from 128.93MMTOE (Million Metric Tonnes of Oil Equivalent) to 159.96MMTOE over the next decade.
Mergers/ Acquisitions / Fund-raise / Stake Sale
Cyient approved a ₹300-crore funding arrangement with EAAA India Alternatives via its subsidiary Cyient Semiconductors Pvt Ltd. The structure includes ₹200 crore in non‑convertible debentures (NCDs) and ₹100 crore in CCDs (Compulsorily Convertible Debentures) and CCPS (Compulsorily Convertible Preference Shares) Indian Railway Finance Corporation (IRFC) signed a ₹13,527-crore term loan agreement with L&T Metro Rail (Hyderabad) Ltd to refinance debt obligations of the Hyderabad Metro Rail project. This marks one of the largest refinancing transactions in India’s urban transit sector.
Union Bank of India’s board has approved a capital raising plan of up to ₹8,000 crore, combining ₹3,000 crore via equity issuance and the balance through Basel III-compliant bonds. The equity component may be raised in tranches through follow-on public offer (FPO), rights issue, qualified institutional placement (QIP), preferential allotment, private placement, or other permissible routes, subject to regulatory and shareholder approvals.
Clean Max Enviro Energy Solutions has successfully raised US$575mn (million) from a consortium of domestic and international banks, leveraging external commercial borrowings (ECB), rupee borrowings and foreign currency non-resident (bank) [FCNR(B)] facilities. The capital will fund large-scale, Central Transmission Utility -connected renewable projects in Rajasthan and Karnataka, aggregating a portfolio of approximately1GW (gigawatt)solar and wind capacity. This financing underscores Clean Max’s ability to mobilise diverse funding channels for utility-scale renewable expansion and strengthens its role in India’s hybrid solar-wind development.
Nazara Technologies has increased its stake in Rusk Media Pvt Ltd through the acquisition of 1,278 Pre‑Series C compulsorily convertible preference shares (CCPS), each with a face value of ₹10 for a subscription amount of ₹14.98 crore. These shares represent 1.36% of Rusk’s share capital on a fully-diluted basis.
Earnings
Ajmera Realty delivered a sharp performance in Q4FY25-26, with revenue from operations rising 184.8% year-on-year (y-o-y) to ₹431.13 crore versus ₹151.39 crore last year. Net profit nearly doubled, up 120% y-o-y to ₹55.60 crore, compared to ₹25.28 crore in Q4FY24-25.
Blue Jet Healthcare reported a weak Q4FY25-26, with revenue down 31.1% y-o-y to ₹234.67 crore versus ₹340.45 crore in Q4FY24-25. Net profit fell 41.6% y-o-y to ₹64.34 crore, compared to ₹110.10 crore last year, reflecting margin pressure. The board has approved plans to raise up to ₹1,000 crore via equity or eligible instruments, signalling intent to strengthen its balance sheet and fund growth in the specialty pharma segment.
Pondy Oxides and Chemicals delivered a strong Q4FY25-26 performance, with revenue from operations rising 78.6% y-o-y to ₹935.23 crore, compared to ₹523.71 crore in Q4FY24-25. Net profit surged 126% y-o-y to ₹37.53 crore, up from ₹16.61 crore in the year-ago quarter.
Mrs Bectors Food Specialities posted Q4FY25-26 performance, with revenue from operations up 8.9% y-o-y to ₹485.86 crore versus ₹446.07 crore in Q4FY24-25. Profit after tax (PAT) rose 3.3% y-o-y to ₹35.41 crore, compared to ₹34.28 crore last year.
Astra Microwave Products reported Q4FY25-26 performance, with revenue rising 20.4% y-o-y to ₹487 crore, compared to ₹405 crore in Q4FY24-25. PAT surged 40.3% y-o-y to ₹105 crore, up from ₹75 crore last year, translating to a PAT margin of 21.6%.
Siemens Limited posted a mixed Q4FY25-26 performance, with consolidated net profit declining 36.3% y-o-y, while revenue from operations rose 14.6% y-o-y to ₹4,617.50 crore, compared to ₹4,029.20 crore in the year-ago quarter.
Unimech Aerospace and Manufacturing posted a mixed Q4FY25-26 performance: Revenue from operations rose 20% y-o-y to ₹81.8 crore, compared to ₹68.4 crore in Q4FY24-25. PAT stood at ₹26.1 crore, reflecting a 10% decline y-o-y due to higher depreciation and finance costs.
The decline reflects soft demand and margin compression impacting performance.
Top gainers and losers of the major indices for the week are given in the table below:
