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Shares of Motilal Oswal Financial Services crashed more than 7% on Friday after the domestic brokerage reported a consolidated net profit of Rs 1,273 crore for the April-June quarter of FY27, marking a nearly 10% year-on-rise from the Rs 1,162 crore reported in the same period last year.

The shares of the company dropped to Rs 872 apiece on Friday, after the release of Q1 results post market hours on Thursday. Its revenue from operations, meanwhile, jumped more than 25% YoY to Rs 3,426 crore during the quarter under review, compared to Rs 2,738 crore reported in the year-ago period. Total expenses surged around 42% YoY to Rs 1,898 crore in the first quarter of FY27.

Motilal Oswal said it recorded its highest ever operating profit after tax (PAT) of Rs 1,513 crore in Q1, marking a 14% YoY rise, driven by a strong 73% surge in its asset management business’ profit to Rs 245 crore. The segment is now the largest contributor to the firm’s overall PAT at 40%. Total assets under management (AUM) increased 31% YoY to Rs 2.12 lakh crore.

Private wealth management segment saw a 42% YoY rise in Annual Recurring Revenue (ARR) to Rs 157 crore, while AUM grew 37%. “MOFSL’s 10-year track record of 33% Operating PAT CAGR, Earnings Per Share (EPS) CAGR of 28% and average Return on Equity (ROE) of 23% has been delivered entirely through internal accruals with no dilution. During the same period, Net Worth CAGR is 25% after 3 buybacks and consistent dividend payouts, entirely through internal accruals,” the company said.

Also Read | Motilal Oswal Q1 Results: Net profit rises 10% YoY to Rs 1,273 crore; revenue climbs 25%

Motilal Oswal highlighted that it has delivered 28% net worth CAGR over the past six years. The company’s wealth management segment saw a strong ascent on growing annuity streams – ARR revenue grew by 26% on YoY basis to Rs 304 crore, while loan book grew by 33% YoY to Rs 7,388 crore.
“Crisil upgraded our long-term credit rating to AA+ Stable. This reflects the strength of our franchise and the resilience of our business model which are designed to deliver sustainable growth across market cycles. Focus on annuity revenues have led to a contribution of 66%, improving quality and predictability of business,” the company further said.

Motilal Oswal share price

The company’s shares have fallen over 2% in one week but gained over 1% in one month to close at Rs 940 apiece on Thursday. The stock is overall up more than 12% in 2026 so far.In the longer term, Motilal Oswal shares delivered 4% returns over one year, 409% over three years and 258% over five years. The company has a market capitalisation of more than Rs 56,878 crore.

Also Read | Dividend alert! Last day to buy Wipro, DLF, Persistent Systems among 12 stocks for dividend rewards. Do you own any?

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

President Trump’s Truth Social is selling stock market traders superfast access to his posts on the platform. Wall Street was already in on that game.

Many big investment firms have developed automated systems to monitor Truth Social, detect important keywords and take action—often within a fraction of a second—such as initiating or canceling positions, traders said. 

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EMPORIA, Kan. — A period of steady rainfall across the Emporia area this week is expected to give way quickly to dangerous heat, with the National Weather Service issuing an extreme heat watch beginning Saturday afternoon and lasting through Tuesday evening across five east-central Kansas counties.

Rainfall totals across the region generally ranged from a half-inch to a full inch Thursday, according to figures compiled by KVOE, with additional showers and storms expected through midafternoon Friday potentially adding another half-inch to three-quarters of an inch before chances for precipitation fade heading into the weekend.

Rainfall totals across the area

Measurements collected from monitoring points around Emporia showed notable variation across the city and surrounding communities. The KVOE studios recorded 0.90 inches of rain, while the Emporia Municipal Airport logged 0.69 inches. Other local readings included 1 inch at 9th and Burns, 0.80 inches at 10th and Weaver, 0.95 inches at 18th and Briarcliff, and 1.20 inches at South and Sylvan, the highest total reported. The 1100 block of Constitution Street recorded 0.90 inches, Country Club Heights measured 0.95 inches, Neosho Rapids logged a full inch, and the Olpe Blacksmith Shop recorded 0.70 inches.

A quick turn toward dangerous heat

Just days after cooler, wetter conditions moved through the region, forecasters say the heat that gripped the area last weekend and into earlier this week is set to return with renewed intensity. Air temperatures in the low 90s are expected Saturday, with heat index readings, factoring in humidity, potentially reaching as high as 106 degrees given dew points forecast in the mid- to upper 70s.

The heat is expected to intensify further into Sunday and Monday, with high temperatures forecast in the upper 90s to around 100 degrees and heat index readings possibly climbing as high as 105 degrees on those days. Tuesday is expected to bring slightly less extreme conditions, with highs in the mid-90s and heat index values as high as 102 degrees.

The extreme heat watch

In response to those forecasts, the National Weather Service has issued an extreme heat watch running from 1 p.m. Saturday through 7 p.m. Tuesday. The watch currently covers Lyon, Coffey, Morris, Osage and Wabaunsee counties in east-central Kansas.

The upcoming stretch of dangerous heat is part of a broader pattern that has affected much of Kansas and the surrounding region throughout the summer. The National Weather Service has issued multiple extreme heat warnings and watches across northeast and central Kansas since late June, including alerts covering the Kansas City metro area and portions of western Missouri, reflecting a persistent pattern of high heat and humidity settling over the region for extended stretches this season.

Safety guidance from officials

With the watch now in effect, local officials are urging residents to begin preparing before the heat arrives rather than waiting until conditions worsen. Specifically, residents are advised to begin drinking extra water starting Friday, ahead of the heat’s return over the weekend.

Once the extreme heat sets in, officials recommend a familiar set of precautions: wearing lightweight and loose-fitting clothing, moving strenuous outdoor activities to early morning or evening hours when temperatures are comparatively lower, and taking frequent breaks in air conditioning or shaded areas throughout the day.

Officials also emphasized the importance of checking on elderly neighbors during periods of extreme heat, given their heightened vulnerability to heat-related illness, and reiterated a standard but critical warning: never leave children or pets unattended in vehicles, even briefly, while running errands during hot weather.

Why heat index matters

The heat index, often described as how hot the weather actually feels to the human body, factors in both air temperature and relative humidity to estimate the effective temperature experienced outdoors. Because higher humidity limits the body’s ability to cool itself through sweat evaporation, heat index values can significantly exceed the actual air temperature during periods of high humidity, a pattern reflected in this weekend’s forecast, where air temperatures in the low 90s are expected to produce heat index readings well over 100 degrees.

Extended periods of extreme heat, particularly when overnight low temperatures remain elevated and provide little relief, are associated with a heightened risk of heat-related illnesses, including heat exhaustion and heat stroke, conditions that can become life-threatening without prompt intervention, especially among older adults, young children, outdoor workers and individuals with certain underlying health conditions.

A pattern repeating across the region

This weekend’s forecast heat watch follows a similar stretch of dangerous conditions that affected the broader Kansas and Missouri region earlier this month, including an extreme heat warning issued for the Kansas City metro area beginning July 19 and lasting through Thursday, July 24, with heat index values reaching as high as 102 degrees during that stretch. Statewide, forecasters have tracked several distinct waves of extreme heat since the beginning of summer, punctuated by brief periods of cooler, stormier weather like the rain that moved through the Emporia area this week.

With the extreme heat watch set to take effect Saturday afternoon, forecasters say the window between now and then offers residents a limited but useful opportunity to prepare, both by staying hydrated ahead of the heat’s arrival and by making plans to limit outdoor exposure once temperatures and humidity climb to their expected peak early next week.

Shares of InterGlobe Aviation, the parent company of IndiGo, dropped nearly 3% on Friday after the airline reported a net loss of Rs 238 crore for the first quarter of FY27, compared to a net profit of Rs 2,176 crore in the same period last year. This loss was due to surging fuel costs stemming from the Middle East conflict.

The shares of the company tumbled to Rs 4,886 apiece on NSE on Friday morning, after the airline released its Q1 results on Thursday. Revenue from operations rose 20% year-on-year (YoY) to Rs 24,584 crore in Q1 FY27 from Rs 20,496 crore in the corresponding quarter of the previous financial year.

However, operating costs outpaced revenue growth, with total expenses surging 34% YoY to Rs 25,853 crore. The sharp rise was largely driven by an 86% YoY jump in aircraft fuel expenses to Rs 10,833 crore, significantly increasing cost pressures despite robust demand and higher revenue.

Operating metrics

IndiGo’s cost per available seat kilometre (CASK) rose to Rs 5.71 in Q1 FY27 from Rs 4.31 a year ago, reflecting higher operating costs. CASK excluding fuel also increased to Rs 3.22 from Rs 2.93.

On the positive side, yield improved to Rs 6.04 from Rs 4.98, while revenue per available seat kilometre (RASK) climbed 16.5% YoY to Rs 5.66, indicating healthy pricing power and sustained demand.

Citi on IndiGo share price

Citi maintained its ‘Buy’ rating on IndiGo and raised its target price to Rs 5,800 from Rs 5,100, implying an upside potential of 15.5% from the stock’s previous closing price of Rs 5,023.50.

The brokerage noted that IndiGo’s Q1 earnings missed its estimates at both the operating profit and net profit levels, primarily due to fuel cost inflation being significantly higher than expected, ET Now reported.
However, Citi said strong yields remained the key positive during the quarter. It added that the management’s guidance points to further improvement in pricing, backed by a focus on fleet efficiency, route rationalisation and cost control. While fuel price volatility remains a key risk, the brokerage believes IndiGo’s pricing power and market share gains continue to support its long-term outlook.
Also read | IndiGo Q1 Results: Airline reports Rs 238 crore loss vs profit YoY; revenue rises 20%

Nuvama on IndiGo share price

Nuvama maintained its ‘Buy’ rating on IndiGo and raised its target price to Rs 5,583 from Rs 5,335, implying an upside potential of more than 11%.
The brokerage said IndiGo’s Q1 EBITDA missed estimates due to elevated fuel costs, although the impact was partly offset by a robust 21% YoY increase in yields.

However, Nuvama cautioned that the seasonally weak second quarter could be even softer due to higher aviation turbine fuel (ATF) prices. It cut its FY27 and FY28 earnings estimates to factor in the higher fuel costs, but believes IndiGo is well positioned to turn near-term headwinds into long-term opportunities by replicating its successful domestic strategy in international markets, where spreads are more attractive as India emerges as a global aviation hub.

JM Financial on IndiGo share price

JM Financial maintained its ‘Add’ rating but lowered its target price to Rs 5,630 from Rs 5,800, implying an upside potential of around 12% from the stock’s previous closing price.

The brokerage noted that IndiGo’s reported loss was significantly below its estimate of a Rs 660 crore profit, mainly due to an unprecedented 86% YoY surge in fuel costs and elevated supplementary lease expenses.

“The key positive from the earnings call was management’s willingness to prioritise yields over growth. Capacity growth has remained moderate to flat in Q2 FY27 and is expected to stay in the single digits for FY27, signalling continued supply discipline amid robust industry demand,” JM Financial said.

The brokerage highlighted management’s guidance for more than 25% YoY growth in passenger revenue per available seat kilometre (PRASK) in Q2 FY27, reflecting a healthy demand-supply balance. It also noted that aircraft utilisation in the region has recovered to over 90% as Middle East operations normalise, supporting a gradual recovery in earnings once fuel cost pressures ease.

While higher ex-fuel CASK and geopolitical uncertainties could weigh on near-term earnings, JM Financial believes IndiGo’s structural earnings story remains intact. It continues to view the airline as one of the highest-quality aviation franchises globally, citing its dominant market share, disciplined capacity deployment, low-cost structure and multi-year international expansion opportunity.

IndiGo share price

IndiGo shares fell more than 4% over the past week and over 3% in the past month to close at Rs 5,023.50 on Thursday. The stock is down around 2% so far in 2026.

Over the longer term, the stock has declined 14% over the past year but has delivered returns of 88% over three years and 191% over five years.

Also read |Rekha Jhunjhunwala sells over 7 crore Star Health shares in Q1. Details here

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

In late June, algorithmic trading funds experienced what the Financial Times called a “quant tremor”, a downward fluctuation affecting quantitative traders, which the newspaper predicted is becoming more common.

While quantitative trading firms are doing well this year, Goldman Sachs’ prime brokerage suffered their worst five-day performance since December 2023.

This is not a new phenomenon. Any finance-head would struggle to forget the 2007 quant crunch, and hedge funds and big financial institutions have employed algorithmic trading for decades.

But the barriers to algorithmic trading tools have dropped dramatically in recent years, driven by rapid advances in artificial intelligence.

Dozens of AI trading applications, from code-free automation tools such as Capitalise.ai, to quantitative research and strategy building platforms like QuantConnect, have opened the field to millions of individual retail investors who need little more than an internet connection and the budget for a platform subscription.

AI products can process large amounts of data, track market movements, spot patterns and even execute trades. They can also enhance the speed, responsiveness, perception and information level of every trader using them.

Rotem Farkash: AI can improve market access, but it may amplify systemic risks

Rotem Farkash, an AI expert and trader,  who has founded algorithmic trading companies, is clear that AI in trading should be understood in two ways: “as a tool that can broaden access and improve pricing, but also as one that introduces new forms of risk”.

The first risk is as more traders rely on similar AI-driven signals, market movements may become more synchronised, magnifying swings and increasing volatility across the financial system.

The risk of converging trades has been around for a long time. Long Term Capital Management’s 1998 collapse and the 2010 Flash Crash showed how quantitative strategies can unravel rapidly. But now AI is amplifying this risk by increasing the frequency of automated trades, making even deeper crashes possible.

The second risk is machine error. While AI may reduce some human mistakes, it is not perfect. If AI misinterprets a word or does not understand the context of a particular piece of information, it could trigger purchases or sales that have significant consequences for the trader.

Ken Griffin: AI “is profoundly more powerful than it was just nine months ago”

Ken Griffin’s Citadel, perhaps the world’s best-known quantitative hedge fund, initially approached AI as a tool for operational efficiency, to accelerate research, automate workflows and improve internal processes.

Yet in May, Griffin acknowledged how quickly the technology had advanced, saying it was “profoundly more powerful than it was just nine months ago”. That shift, he argued, had allowed Citadel to “unleash a much broader array of use cases for AI”, with work that would once have required people with masters and PhDs in finance weeks or months being completed by AI agents in hours or days.

Some firms are pushing this even further. Minotaur Capital, an Australia-based firm, has built its investment process around a proprietary AI platform called Taurient, which is designed to identify global stock opportunities.

Its strategy, which focuses on under-researched equities, delivered a 13.7% return for its flagship fund in the six months to January 2025, outperforming the MSCI All-Country World Index.

AI will likely complement humans, but is not without risk

For now, AI stock pickers may be capable of outperforming some index funds, but they remain some distance from displacing human expertise when that expertise is itself enhanced by AI tools.

The more likely outcome is that leading firms combine artificial and human intelligence, rather than replacing one with the other.

But both institutional and retail investors should remain cautious. AI may be a powerful tool in trading, but it is not risk-free. It poses a threat to market stability and can replicate the same errors that have long undermined human traders.

With its eye on an AI- and robotics-driven future, automaker Tesla TSLA -14.52%decrease; down pointing triangle boosted its spending to $5.8 billion in the second quarter, sending its free cash flow into the red for the first time in two years despite a surge in revenue.

“This is a massive cap ex year, but I’m confident all the things we’re investing in will yield incredible returns,” Chief Executive Elon Musk told investors on a call Wednesday.

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