This article was written by

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

An organisation that rescues hundreds of tonnes of surplus food from going to waste wants to expand its work.

Food in Community, a Dartington-based community interest company, has been collecting unwanted and extra crops from local growers and farmers for 14 years in a bid to reduce waste and improve access to sustainably produced food.

The food is packed into boxes for free doorstep deliveries to people, with any leftover produce given to food banks, community fridges, lunch clubs and youth groups.

The group, who work mainly in Devon but also send items to Cornwall, said it wanted to work with more farmers, volunteers and business partners in a bid to save more food.

Chantelle Norton, a director at Food in Community, said research done by World Wide Fund for Nature and Tesco in 2022, external estimated 2.9 million tonnes of edible food is lost or wasted annually every year on UK farms.

Shares of Astra Microwave Products rallied nearly 14% on Friday after the defence electronics player announced that it has won a domestic order worth more than Rs 2,205 crore from Hindustan Aeronautics (HAL).

Shares of the company surged to a fresh 52-week high of Rs 1,960 apiece on Friday morning, with the stock on track to record its sharpest single-day rally in more than four years. The stock has skyrocketed more than 130% in just four months since hitting a 52-week low of Rs 851 apiece at the end of March this year.

Astra Microwave Products announced that it has received an order for the procurement of 122 AAAU and 121 interface frames for Uttam Radar from PSU major HAL for a total consideration of Rs 2,205.23 crore, inclusive of all applicable taxes and GST. The domestic order is scheduled to be executed within five years.

Notably, this single order win is almost equal to the company’s entire order book of Rs 2,610 crore as of March 31, 2026. The significant order win boosted investor sentiment, sparking the sharp rally in the multibagger stock.

Astra Microwave share price

Astra Microwave shares have jumped around 8% in a week, 11% in a month, and are up nearly 100% in 2026 so far. The stock has surged around 104% in the past one year.

In the longer term, Astra Microwave shares have rallied 422% in three years and a whopping 1,041% in five years.
Also read | Astra Microwave Q4 results

Astra Microwave demerger

Earlier this year, Astra Microwave announced that its board granted in-principle approval to demerge its space, meteorology and hydrology business into a separate entity, aiming to enable sharper management focus and improved operational efficiency. The company expects to complete the demerger by Q1 FY28.In an exchange filing, the defence electronics player said the move involves the creation of Astra Space Technologies Private Limited, an independent company exclusively dedicated to its space, meteorology and hydrology business verticals. The new entity is expected to adopt tailored growth strategies and capital allocation frameworks aligned with the sector’s specific requirements.

The company added that the demerger would help broaden its investor base by offering distinct investment propositions, while also reducing structural complexity and enhancing transparency. The restructuring is aimed at improving oversight, governance and overall accountability.

However, the demerger will require a string of approvals before coming into effect. These include final approval from the board of directors, shareholders, creditors and stock exchanges, along with NCLT sanction and other regulatory clearances.

Also read |Astra Microwave to demerge space, meteorology & hydrology biz into a separately listed entity

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

As more Americans bristle at the idea of paying $50,000 on average for a new car, Carvana CVNA -7.36%decrease; down pointing triangle is capitalizing on the growing demand for used cars.

The online used-car retailer Wednesday reported record sales and profit in the second quarter. Carvana said it sold about 197,000 vehicles—up nearly 40% year-over-year—with a profit of $310 million, up from $183 million a year earlier. Revenue also rose 52% to $7.38 billion.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Brokerages reiterated their bullish calls on the shares of Vedanta Aluminium Metal after the recently-listed company reported a more than threefold year-on-year (YoY) jump in consolidated net profit to Rs 5,629 crore for the first quarter of FY27.

Vedanta Aluminium Metal, which debuted on stock exchanges last month after spinning out of Vedanta during the mega demerger, saw its share price rise nearly 2% on Friday morning to trade at Rs 465 apiece after the company on Thursday reported a 46% YoY surge in revenue from operations to Rs 21,393 crore during the April-June quarter of FY27.

Vedanta Aluminium’s total income rose more than 46% YoY to Rs 21,702 crore, while total expenses increased over 7.5% YoY to Rs 12,870 crore during the quarter under review. Vedanta Aluminium’s net profit margin more than doubled to 31% in Q1 FY27 from 15% in Q1 FY26, while its operating profit margin improved to 45% from 26% in the corresponding quarter last year. The company’s net worth surged more than 86% YoY to Rs 30,441 crore at the end of the first quarter.

Along with its Q1 results, Vedanta Aluminium Metal announced its first interim dividend of Rs 8 per share on a face value of Re 1 for FY27. The company has fixed August 5 (Wednesday) as the record date to determine shareholders’ eligibility for the dividend.

Also read | Vedanta Aluminium Q1 Results: Net profit soars 3x YoY to Rs 5,629 crore; Rs 8/share dividend declared

CLSA on Vedanta Aluminium share price

CLSA maintained its ‘Outperform’ rating on the shares of Vedanta Aluminium, with a target price of Rs 540 apiece, implying more than 18% upside potential from the stock’s previous closing price of Rs 457.05 apiece on NSE.

The international brokerage said that the company’s Q1 performance came in largely in line with estimates, with cost of production falling by $20 per tonne despite the impact of the Middle East conflict. Key projects (capacity expansion guidance and coal and bauxite mine commissioning) were largely on track, which could drive $175-200 per tonne in cost savings, it added.

Citi on Vedanta Aluminium share price

Citi has a ‘Buy’ call on the shares of Vedanta Aluminium, with a target price of Rs 525 apiece, implying around 15% upside potential. It said that the company’s EBITDA was 4% ahead of estimates.
This came on the back of rising aluminium prices and lower costs.

Nuvama on Vedanta Aluminium share price

Nuvama has a ‘Buy’ call on the stock with a target price of Rs 540 apiece. The brokerage highlighted that the firm’s Q1 EBITDA was in line with estimates, driven by higher aluminium prices and lower cost of production.“We expect Q2 FY27 EBITDA to be 5-8% lower QoQ due to lower aluminium price and higher CoP, partly offset by higher volume. Start of its captive bauxite and coal mine in H2 FY27 is likely to reduce its hot metal CoP below $1,600/t in FY28,” it added.

Emkay on Vedanta Aluminium share price

Emkay said Vedanta Aluminium delivered a strong Q1 FY27 earnings print, reporting record-high EBITDA, broadly in line with estimates and driven by firmer aluminium prices and sustained cost discipline.

“We believe the medium-term cost reduction story is intact, supported by higher captive alumina integration, commencement of captive bauxite and coal mines, and the BALCO expansion, which should drive margin expansion. Q2 earnings are likely to soften sequentially due to cost-related headwinds, the lower Al prices, and the impact of hedges, these should be partly offset by higher BALCO volumes,” the brokerage said.

Emkay has a ‘Buy’ call on the shares of Vedanta Aluminium, with a target price of Rs 550 apiece, implying an upside potential of more than 20% from the stock’s previous closing price.

Vedanta Aluminium share price

Vedanta Aluminium was the only large-cap stock among the four companies spun off from Vedanta under its mega demerger and debuted in June. It debuted at Rs 522 apiece on the NSE, surpassing its parent company in terms of market capitalisation.

The shares have gained around 6% in one week and 3% in a month, but are overall down more than 7% since listing.

Also read | Vedanta share price target: Why brokerages see up to 24% upside after Q1 earnings?

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

Microsoft MSFT 15.51%increase; up pointing triangle reported robust cloud growth and a boost in the number of paid artificial-intelligence subscribers, as investors remain fixated on whether the tech giant’s data-center spending will pay off.

Microsoft’s revenue rose 18% to $90 billion in the quarter ended in June, a sign that the company’s AI-revenue growth is accelerating and that it will continue to spend on data centers.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8