Bhandari Hosiery Exports Ltd. Share Price

Manufacturing & Services PMIs Drive Composite Index Growth

India’s services sector activity expanded to a three-month high in September 2026, driven by robust domestic demand and an acceleration in new business orders, according to the HSBC India Services Business Activity Index. The purchasing managers' index (PMI) rose to 55.2 in September from 54.1 in August, remaining comfortably above the 50-threshold that separates expansion from contraction. HSBC Chief India Economist Pranjul Bhandari highlighted that the surge was anchored by finance, insurance, and consumer services, which recorded the fastest gains in sales and operational output. Business sentiment across service providers strengthened for the second consecutive month, with roughly 16% of surveyed firms projecting higher output over the coming year on the back of rising customer enquiries and resilient domestic consumption. The broader private sector exhibited parallel strength, as manufacturing PMI accelerated to a seven-month high of 55.1 in September (up from 52.8 in August), lifting the Composite PMI to 55.9 from 54.3. While export sales in services maintained an upward trajectory—supported by client demand from Germany, the UAE, the UK, and the US—the rate of cross-border expansion moderated to its slowest pace in nearly three years. Despite a softer quarterly average for July–September compared to historical peaks, the simultaneous rebound in manufacturing and services PMI metrics underscores the enduring momentum of India's domestic market amidst broader global macroeconomic adjustments.

Uttam Sugar Mills reported weak Q2 FY26 results yesterday

Cubex Tubings surged 20% today, trading at ₹125.76

OFSS Reports 121% YoY Profit Surge in Q1 FY27; Announces Leadership Transition

Oracle Financial Services Software (OFSS) delivered a blockbuster performance for the quarter ended June 30, 2026, driven by a massive product licensing deal, alongside a planned internal leadership transition. Key Financial Highlights (Q1 FY27): Revenue: Consolidated revenue surged 69% YoY to ₹3,125 crore, with the products business jumping 75% to ₹2,936 crore. Net Profit: Consolidated net profit more than doubled, rising 121% YoY to ₹1,416 crore (Standalone: ₹1,364 crore). Key Driver: The exceptional growth was primarily fueled by the recognition of ₹935 crore in license revenue from a significant, multi-faceted agreement with a leading global bank (covering software licensing, personnel transfer, and transition services). Leadership Transition (Effective July 24, 2026): New MD & CEO: Mr. Avadhut (Vinay) Ketkar, the current CFO, has been promoted to Managing Director and CEO for a three-year term, subject to shareholder approval. New CFO: Mr. Manish Bhandari has been appointed as the new Chief Financial Officer. Outgoing CEO: Mr. Makarand Padalkar stepped down as MD & CEO after July 23, 2026, but will remain with the company temporarily to ensure a smooth handover. Board Addition: Mr. Andrew Mark Morawski was appointed as an Additional Director (Non-Executive, Non-Independent). Strategic Outlook: OFSS’s Q1 results underscore the high scalability and profitability of its core software product business, especially when landing large, complex global banking mandates. The seamless, internal succession plan for the CEO and CFO roles ensures management continuity, positioning the company to capitalize on its strong product momentum and robust order pipeline in the coming quarters.

Sarthak Industries Limited Confirms Non-Applicability of Large Corporate Framework for FY26

India Leads Global Manufacturing Revival: A Festive Boost with Global Ripples

India’s manufacturing momentum continues to drive Asia’s recovery, showing resilience amid global uncertainty and shifting trade dynamics. India once again took pole position in the global manufacturing race this October. According to S&P Global, Asia’s manufacturing PMI (excluding China and Japan) climbed to a 14-month high, signalling renewed optimism across the region. India stood out — the HSBC Manufacturing PMI rose to 59.2, up from 57.7 in September, powered by festive-season demand and GST rate rationalisation. This marks the fifth time in seven months that India’s index has stayed above 58 — a clear sign of steady domestic momentum. “Future business sentiment is strong due to positive expectations around GST reform and healthy demand,” noted Pranjul Bhandari, Chief India Economist, HSBC. Across Asia, Thailand (56.6) and Vietnam (54.5) followed India’s lead, driven by a recovery in new export orders and easing tariff concerns. The ASEAN PMI climbed to 52.7, its best in over three years. Yet, the story wasn’t universal. China (50.6) and South Korea saw slower growth, while Japan struggled with weak export demand. The US (52.5) stayed in expansion mode, but the Eurozone (50.0) remained stagnant. Despite India’s domestic strength, export growth softened slightly in October. Still, sentiment across ASEAN remains upbeat as supply chains diversify and price pressures ease. 📊 What this means for India’s markets: Strong manufacturing data can benefit companies in: Capital goods – L&T,