Today's Market Movers: Nykaa, DMart, PVR Inox & More in the Spotlight

As the trading day unfolds, several prominent Indian companies are making headlines, with significant developments poised to influence investor sentiment. From strategic stake sales to robust financial results and regulatory hurdles, here's a closer look at the shares commanding attention today.

Nykaa's Early Investors Eye Stake Sale

Beauty and fashion e-commerce giant FSN E-Commerce Ventures, the parent company behind Nykaa, is buzzing with news of a potential secondary stake sale. Early investors Harindarpal Singh Banga and Indra Banga are reportedly planning to offload shares valued at up to ₹1,200 crore through a block deal. This move could introduce new institutional investors and reshape the company's shareholding structure.

Indian Overseas Bank Gears Up for Capital Infusion

Indian Overseas Bank (IOB) has received a resounding "yes" from its shareholders to bolster its equity capital. The public sector lender is set to raise a substantial ₹4,000 crore through various avenues, including Qualified Institutional Placements (QIPs), rights issues, and employee stock schemes. This capital injection is expected to strengthen the bank's financial position and support its growth initiatives.

PVR Inox: Expanding the Silver Screen Experience

India's leading cinema exhibitor, PVR Inox, is rolling out ambitious expansion plans. The company intends to invest up to ₹400 crore over the next two years to add 200 new screens to its vast network. This strategic move underscores the cinema giant's confidence in the resurgence of the entertainment industry and its commitment to enhancing the movie-going experience for patrons across the nation.

Voltas Faces GST Scrutiny

Air conditioning and engineering services major Voltas has found itself under the scanner. The Central GST Commissionerate in Dehradun has issued a show cause notice to the company, alleging GST shortfalls related to a merged entity. The notice pertains to the financial years 2018 to 2021, and the company will now need to address these claims.

Hindustan Zinc Achieves Production Milestone

Hindustan Zinc has reason to celebrate, reporting a record-high mined metal production of 265 kilo tonnes for the first quarter. This impressive figure marks a 1% year-on-year increase, signaling robust operational performance and efficient mining practices by the company.

DMart's Revenue Soars in Q1

Avenue Supermarts, the powerhouse behind the popular DMart retail chain, has delivered strong first-quarter results. The company announced a notable 16% year-on-year increase in its standalone revenue for Q1 FY26, reaching ₹15,932.12 crore. This impressive growth highlights DMart's continued dominance in the retail sector and its ability to attract and retain customers.

Punjab National Bank Shows Stable Growth

Punjab National Bank (PNB) showcased a stable operational performance in the June quarter of FY26. The public sector bank reported an 11.6% year-on-year growth in its global business, which now stands at a substantial ₹27.19 lakh crore. These figures reflect PNB's steady progress and its significant presence in the Indian banking landscape.

RVNL Welcomes New CFO

Rail Vikas Nigam Ltd (RVNL) has announced a key leadership change with the appointment of Chandan Kumar Verma as its new Chief Financial Officer. Verma officially assumed the role on July 2, 2025, bringing his expertise to the forefront of the railway infrastructure development company.

Coromandel International Expands Footprint

Coromandel International has received a green light from the Competition Commission of India (CCI) for a strategic acquisition. The company is set to acquire 10.69 crore shares, representing a significant 53.13% stake in NACL Industries. This move is expected to bolster Coromandel International's market position and expand its portfolio within the agricultural sector.

Vedanta's Demerger Hits Regulatory Snag

The proposed demerger of diversified natural resources giant Vedanta has encountered a regulatory hurdle. The Ministry of Petroleum and Natural Gas raised objections during the National Company Law Tribunal (NCLT) hearing held on July 2. This setback means the company will need to address these concerns to proceed with its demerger plans.