WEEK10 Aug
NIFTY 24,366 ▼ 0.83%BANK NIFTY 57,491 ▼ 0.44%NIFTY IT 31,358 ▼ 0.60%NIFTY PHARMA 26,446 ▼ 0.36%FINCABLES 1,247 ▲ 21.69%GLAND 2,970 ▲ 14.19%ABFRL 56 ▼ 11.61%PAYTM 1,603 ▲ 11.20%GODREJCP 934 ▼ 11.02%PWL 117 ▼ 11.00%IDEA 14 ▲ 10.84%PFC 376 ▼ 10.48%MCX 2,912 ▲ 10.37%PIIND 2,490 ▼ 10.25%NIFTY 24,366 ▼ 0.83%BANK NIFTY 57,491 ▼ 0.44%NIFTY IT 31,358 ▼ 0.60%NIFTY PHARMA 26,446 ▼ 0.36%FINCABLES 1,247 ▲ 21.69%GLAND 2,970 ▲ 14.19%ABFRL 56 ▼ 11.61%PAYTM 1,603 ▲ 11.20%GODREJCP 934 ▼ 11.02%PWL 117 ▼ 11.00%IDEA 14 ▲ 10.84%PFC 376 ▼ 10.48%MCX 2,912 ▲ 10.37%PIIND 2,490 ▼ 10.25%
Morning brief · Sunday, 16 August 2026

After a 25% rally, is IDFC First Bank just getting started

Market pulse
The broader market took a breather this past week, with benchmark indices like the Nifty 50 and Bank Nifty shedding under one percent. Despite the muted headline numbers, individual stocks saw sharp moves, with gainers like Finolex Cables and Gland Pharma rallying strongly while consumer plays such as Aditya Birla Fashion and Retail and Godrej Consumer Products saw significant declines.
Word in the street
What the wider market is buzzing about
IDFC First Bank Limited
₹86Past year ▲ 25%M.cap ₹73,798 Cr
After a nearly 25 percent rise in the past year, IDFC First Bank has become a battleground stock for investors. Its market capitalization now stands at about ₹73,798 crore. Long term shareholders, some holding since the merger of Capital First and IDFC Bank, point to the completion of structural goals and an improving operational performance in the first quarter as reasons to keep faith. Others who have exited worry that unforeseen issues historically seem to crop up and dent performance, restricting the stock's price movement. Still, even those who have sold concede that in a market where most stocks look expensive, exiting now could be the wrong decision.
Know more about the stock
Yesterday's big moves
Yash Highvoltage Limited
Yash Highvoltage LimitedNew Position
M.cap ₹2,073 Cr
Valuequest India G.I.F.T.
Valuequest India G.I.F.T. acquired a new position of 4,02,219 shares, representing a 1.35% stake in Yash Highvoltage Limited, through a preferential allotment. The shares were acquired for approximately ₹29 crore at ₹721 apiece.
UltraTech Cement Limited
UltraTech Cement LimitedNew Position
₹11,619Past year ▼ 4%M.cap ₹3,45,217 Cr
Kotak Mutual Fund
Kotak Mutual Fund bought 1,55,373 shares of UltraTech Cement for ₹180.00 Cr at ₹11585.00 apiece in a block deal. Pilani Investment and Industries Corporation, a promoter entity, was reported to be the seller in a larger block deal of UltraTech Cement shares.
WeWork India Management Limited
WeWork India Management LimitedNew Position
₹709Past year ▲ 13%M.cap ₹9,809 Cr
ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund bought 14,21,799 shares of WeWork India Management Limited for ₹99.18 Cr at ₹697.55 apiece in a block deal.
Apollo Pipes Limited
Apollo Pipes LimitedIncreased
₹511Past year ▲ 37%M.cap ₹2,261 Cr
Dhruv Gupta
Promoter Dhruv Gupta purchased 13.5 lakh shares of Apollo Pipes Limited in an open market transaction, increasing his stake from 51.72% to 54.78%.
Sundram Fasteners Limited
Sundram Fasteners LimitedIncreased
₹1,218Past year ▲ 29%M.cap ₹25,579 Cr
Nippon India Mutual Fund
Nippon India Mutual Fund bought 2,88,665 shares of Sundram Fasteners in an open market transaction, increasing its stake from 4.92% to 5.05% and crossing the 5% disclosure threshold.
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