India Market Recap
Indian equity benchmarks resumed their decline on Tuesday after a brief pause earlier in the week, with investors remaining cautious amid the weekly NSE F&O expiry and persistent global uncertainties. The NSE Nifty 50 fell 112.10 points, or 0.46%, to close at 24,471.70, while the BSE Sensex declined 388.19 points, or 0.49%, to settle at 78,154.25. Broad-based selling kept market sentiment subdued throughout the session. On the technical front, Nifty support is placed in the 24,400–24,300 range, while resistance is seen between 24,600 and 24,700.
US Market Recap
Wall Street ended lower on Wednesday as rising crude oil prices and continued uncertainty over the reopening of the Strait of Hormuz weighed on investor sentiment. Concerns surrounding ongoing negotiations between Washington and Tehran also kept markets under pressure. The S&P 500 declined 0.32% to 7,728.20, the Dow Jones Industrial Average slipped 0.34% to 53,791.85, and the Nasdaq Composite fell 0.60% to 26,445.45, with weakness in large technology stocks such as Alphabet and Amazon dragging the index lower.
Asian Market Update
Asian markets traded mixed on Wednesday as investors monitored fresh developments surrounding efforts to ease tensions in the Middle East. South Korea outperformed regional peers, with the Kospi rising 2.02%, while Japan's Nikkei 225 was largely unchanged, slipping 0.01%. Australia's ASX 200 declined 0.40% as investors remained cautious amid elevated geopolitical risks and higher energy prices.
Commodity Check
Oil prices remained near multi-month highs as markets balanced hopes of diplomatic progress with ongoing disruptions to shipping through the Strait of Hormuz. Brent crude traded near $89 per barrel after gaining around 12% over the previous five sessions, while West Texas Intermediate (WTI) remained above $83 per barrel. Sentiment received some support after Pakistan's Defence Minister Khawaja Asif said the United States and Iran appeared to be moving closer to an arrangement over the Strait of Hormuz, adding that developments were "shaping up in favour of peace." However, shipping activity through the strategic waterway remains significantly disrupted, keeping concerns over global energy supplies intact. In the domestic bullion market, safe-haven demand remained firm. According to bullions.co.in, 24K gold was quoted at Rs.1,53,840 per 10 grams, while Silver 999 Fine traded at Rs.2,36,150 per kg as of 6:28 a.m.
Stocks In News
- Clean Max Enviro Energy Solutions:The company will issue a corporate guarantee of Rs. 92 crore for its subsidiary.
- Landmark Cars: The company signs an MoU with Tecso Charge Zone to offer wallet credits and other customer benefits.
- Godrej Consumer Products: The company appoints Aasif Malbari as MD & CEO from August 12; Sudhir Sitapati resigns as MD & CEO, while Vishal Kedia takes over as Interim CFO.
- L&T: The company signs a business transfer agreement with arm Vyoma.AI to transfer its data centre and cloud services business for Rs. 1,400 crore.
- Grasim Industries: The company commences commercial production at its 50,000 MTPA CPVC resin plant in Gujarat.
- Firstsource Solutions:The company enters into a partnership with Cresta to deliver AI technology solutions.
- GMR Power & Urban Infra: The board will consider raising up to Rs. 3,000 crore via QIP, bonds and other instruments on August 14.
- Avenue Supermarts: The company allots commercial paper worth Rs. 300 crore.
- Natco Pharma:The board will consider fundraising via equity issuance on August 14.
- Prestige Estates:CPPIB to invest up to Rs. 3,000 crore in Prestige Hospitality and acquire up to 28% stake.
- Zydus Lifesciences:Arm Sentynl enters pact with Mereo BioPharma for commercial and manufacturing rights of Alvelestat; Mereo eligible for up to USD 40 million under the agreement.
- Canara Bank: The bank hikes 1-month MCLR by 5 bps to 8.05%, 1-year MCLR by 5 bps to 8.80% and 3-year MCLR by 5 bps to 9.10%.
- BEML: The company receives a Rs. 184 crore order from HAL to supply Light Combat Helicopter fuselage aerostructures.
- 3M India: The company fully resumes production and operations at its Ahmedabad plant after completing restoration activities.
- KFin Technologies:The company launches agentic AI solution ‘Klarity' to eliminate signature fraud in the BFSI segment
- Adani Ports: Arm Ocean Sparkle incorporates subsidiary Ocean Sparkle Offshore.
- V-Mart Retail:The company launches its 600th store.
- Muthoot Microfin: Shareholders approve fundraising through private placement.
- SBI:The bank concludes issuance of USD 500 million senior unsecured notes.
- Saatvik Green Energy:The company secures a Rs. 400 crore order from an EPC player for supply of solar PV modules.
- CAMS: The company acquires the first tranche of Think founders' stake, raising its holding in Think to 77.7% for Rs. 18 crore.
- Puravankara: The company extends closure of the Rs. 145 crore Purva Ruby deal by 30 days.
- HG Infra Engineering: The company receives a Letter of Award worth Rs. 241 crore from the Rajasthan government.
- Escorts Kubota:The company preponees groundbreaking ceremony for its new greenfield manufacturing facility to August 19 from August 20.
- Diamond Power Infrastructure:The company secures a Rs. 195 crore order from Rajesh Power Services for underground power cables.
- Ashoka Buildcon: The company appoints Sanjay Prabhakar Londhe and Ashish Ashok Kataria as Joint Managing Directors.
- ITI: The company clarifies that it has signed a pact with Airtel Business to accelerate digital transformation, though the financial impact of the partnership is not yet quantifiable.
- Omaxe: The company's arm receives a RERA certificate for a project in Uttar Pradesh.
Quarterly Earnings
- Total income down 19.6% to Rs. 358 crore versus Rs. 445 crore.
- Net profit down 16% to Rs. 33.5 crore versus Rs. 39.9 crore.
- Revenue up 5.6% to Rs. 1,014 crore versus Rs. 960 crore.
- EBITDA up 34.9% to Rs. 137.5 crore versus Rs. 101.9 crore.
- EBITDA margin at 13.6% versus 10.6%.
- Net profit up 83% to Rs. 64.6 crore versus Rs. 35.3 crore.
- Revenue down 0.6% to Rs. 401.1 crore versus Rs. 403.4 crore.
- EBITDA up 16.1% to Rs. 61.4 crore versus Rs. 52.9 crore.
- EBITDA margin at 15.3% versus 13.1%.
- Net profit up 20.3% to Rs. 24.9 crore versus Rs. 20.7 crore.
- Final dividend of Rs. 3 per share approved for FY26.
- Approves stock split of 1 share into 5 shares.
- Revenue up 6.5% to Rs. 1,079 crore versus Rs. 1,013 crore.
- EBITDA up 8.6% to Rs. 119 crore versus Rs. 110 crore.
- EBITDA margin at 11% versus 10.8%.
- Net profit up 5.6% to Rs. 66.1 crore versus Rs. 62.6 crore.
- Revenue up 25.3% to Rs. 1,388 crore versus Rs. 1,108 crore.
- EBITDA up 15.2% to Rs. 261 crore versus Rs. 227 crore.
- EBITDA margin at 18.8% versus 20.5%.
- Net profit down 1.4% to Rs. 98.6 crore versus Rs. 100 crore.
- Revenue up 18.1% to Rs. 270.5 crore versus Rs. 229 crore.
- EBITDA up 16.2% to Rs. 43.8 crore versus Rs. 37.7 crore.
- EBITDA margin at 16.2% versus 16.5%.
- Net profit up 15.1% to Rs. 21.3 crore versus Rs. 18.5 crore.
- Revenue down 2.8% to Rs. 965 crore versus Rs. 993 crore.
- EBITDA down 14.4% to Rs. 115 crore versus Rs. 134 crore.
- EBITDA margin at 11.9% versus 13.5%.
- Net profit down 12.4% to Rs. 79.7 crore versus Rs. 91 crore.
- Approves stock split of 1 share into 10 shares.
- Revenue up 72% to Rs. 640 crore versus Rs. 372 crore.
- EBITDA up 74.9% to Rs. 121.4 crore versus Rs. 69.4 crore.
- EBITDA margin at 19% versus 18.7%.
- Net profit up 72% to Rs. 86 crore versus Rs. 50 crore.
- Revenue up 24.7% to Rs. 101 crore versus Rs. 81 crore.
- EBITDA up 51.4% to Rs. 26 crore versus Rs. 17.2 crore.
- EBITDA margin at 25.8% versus 21.2%.
- Net profit up 35.2% to Rs. 16.5 crore versus Rs. 12.2 crore.
- NII up 28.2% to Rs. 1,725 crore versus Rs. 1,346 crore.
- AUM up 57% to Rs. 69,635 crore versus Rs. 44,304 crore.
- Net profit at Rs. 585 crore versus Rs. 138 crore.
- Revenue up 64.8% to Rs. 9,545 crore versus Rs. 5,792 crore.
- EBITDA at Rs. 1,381 crore versus Rs. 609 crore.
- EBITDA margin at 14.5% versus 10.5%.
- Net profit at Rs. 999 crore versus Rs. 351 crore.
- Revenue down 3.6% to Rs. 188 crore versus Rs. 195 crore.
- EBITDA down 49% to Rs. 7.5 crore versus Rs. 14.7 crore.
- EBITDA margin at 4% versus 7.5%.
- Net profit down 55.3% to Rs. 8.4 crore versus Rs. 18.8 crore.
- Revenue up 25.2% to Rs. 457 crore versus Rs. 365 crore.
- EBITDA up 22% to Rs. 67.6 crore versus Rs. 55.4 crore.
- EBITDA margin at 14.8% versus 15.2%.
- Net profit down 1.3% to Rs. 37.4 crore versus Rs. 37.9 crore.
- Total income up 6.2% to Rs. 468 crore versus Rs. 441 crore.
- Net profit up 5.7% to Rs. 114.2 crore versus Rs. 108 crore.
- Revenue at Rs. 217.1 crore versus Rs. 75.9 crore.
- EBITDA at Rs. 40.2 crore versus loss of Rs. 120.3 crore.
- Net profit down 58.1% to Rs. 22.7 crore versus Rs. 54.2 crore.
- Other income at Rs. 1.6 crore versus Rs. 219 crore.
- Revenue up 10.7% to Rs. 319 crore versus Rs. 289 crore.
- EBITDA up 7.9% to Rs. 53.4 crore versus Rs. 49.5 crore.
- EBITDA margin at 16.7% versus 17.1%.
- Net profit down 0.3% to Rs. 28.6 crore versus Rs. 28.6 crore.
- Revenue up 22.7% to Rs. 1,302 crore versus Rs. 1,062 crore.
- EBITDA up 18.2% to Rs. 72.1 crore versus Rs. 61 crore.
- EBITDA margin at 5.5% versus 5.7%.
- Net profit at Rs. 14.5 crore versus Rs. 6.9 crore.
- Revenue up 21.6% to Rs. 694 crore versus Rs. 571 crore.
- EBITDA up 1.8% to Rs. 201 crore versus Rs. 197 crore.
- EBITDA margin at 28.9% versus 34.5%.
- Net profit down 2.4% to Rs. 104.6 crore versus Rs. 107.2 crore.
- Appoints Vikash Dokania as CFO from September 15.
- Revenue up 34% to Rs. 471 crore versus Rs. 351.5 crore.
- EBITDA up 40.3% to Rs. 73.1 crore versus Rs. 52.1 crore.
- EBITDA margin at 15.5% versus 14.8%.
- Net profit up 42.3% to Rs. 44.1 crore versus Rs. 31 crore.
- Revenue down 63.3% to Rs. 108 crore versus Rs. 293 crore.
- EBITDA down 36.3% to Rs. 7.6 crore versus Rs. 11.9 crore.
- EBITDA margin at 7% versus 4%.
- Net profit up 3.1% to Rs. 13.1 crore versus Rs. 12.7 crore.
- Revenue up 23.7% to Rs. 282 crore versus Rs. 228 crore.
- EBITDA up 34.2% to Rs. 63.9 crore versus Rs. 47.6 crore.
- EBITDA margin at 22.7% versus 20.9%.
- Net profit up 35% to Rs. 32 crore versus Rs. 23.7 crore.
- Revenue down 49.2% to Rs. 269 crore versus Rs. 528 crore.
- EBITDA down 78.8% to Rs. 14.9 crore versus Rs. 70.2 crore.
- EBITDA margin at 5.5% versus 13.3%.
- Net profit down 96.2% to Rs. 1.6 crore versus Rs. 42.1 crore.
- Total income up 2.4% to Rs. 30 crore versus Rs. 29.3 crore.
- Net profit down 40% to Rs. 15 lakh versus Rs. 25 lakh.
- Revenue down 10.4% to Rs. 1,702 crore versus Rs. 1,901 crore.
- EBITDA down 29.2% to Rs. 367.4 crore versus Rs. 519.1 crore.
- EBITDA margin at 21.6% versus 27.3%.
- Net profit down 39% to Rs. 244 crore versus Rs. 400 crore.
- Revenue up 3.9% to Rs. 979 crore versus Rs. 942 crore.
- EBITDA up 2.6% to Rs. 204 crore versus Rs. 199 crore.
- EBITDA margin at 20.8% versus 21.1%.
- Net profit up 23.1% to Rs. 64 crore versus Rs. 52 crore.
- Declares interim dividend of Rs. 25 per share.
- Revenue up 29.6% to Rs. 2,254 crore versus Rs. 1,739 crore.
- EBITDA at Rs. 297 crore versus loss of Rs. 0.6 crore.
- Net profit at Rs. 91 crore versus loss of Rs. 19.3 crore.
- Revenue down 50% to Rs. 0.7 crore versus Rs. 1.4 crore.
- EBITDA loss at Rs. 20.2 crore versus loss of Rs. 23.1 crore.
- Net profit at Rs. 104 crore versus Rs. 44 crore.
- Other income at Rs. 145 crore versus Rs. 70 crore.
- Revenue up 19.8% to Rs. 630.3 crore versus Rs. 526 crore.
- EBITDA up 7.7% to Rs. 99.5 crore versus Rs. 92.4 crore.
- EBITDA margin at 15.8% versus 17.6%.
- Net profit down 31.5% to Rs. 93.3 crore versus Rs. 136 crore.
- Revenue up 41.9% to Rs. 1,053 crore versus Rs. 742 crore.
- EBITDA up 89.2% to Rs. 143 crore versus Rs. 75.8 crore.
- EBITDA margin at 13.6% versus 10.2%.
- Net profit at Rs. 61.4 crore versus Rs. 27.6 crore.
- Revenue up 67.4% to Rs. 3,056 crore versus Rs. 1,826 crore.
- EBITDA up 16.2% to Rs. 213 crore versus Rs. 184 crore.
- EBITDA margin at 7% versus 10%.
- Net profit down 3.4% to Rs. 101 crore versus Rs. 105 crore.
- Revenue down 8.2% to Rs. 169 crore versus Rs. 184 crore.
- EBITDA down 19.5% to Rs. 31.5 crore versus Rs. 39.2 crore.
- EBITDA margin at 18.7% versus 21.3%.
- Net loss at Rs. 212 crore versus profit of Rs. 29.5 crore.
- Saw one-time loss of Rs. 307 crore in Q1.
- Revenue up 67.2% to Rs. 657 crore versus Rs. 393 crore.
- EBITDA up 15.8% to Rs. 110.2 crore versus Rs. 95.2 crore.
- EBITDA margin at 16.8% versus 24.2%.
- Net profit down 21.1% to Rs. 30 crore versus Rs. 38 crore.
- Revenue up 81.8% to Rs. 180 crore versus Rs. 99 crore.
- EBITDA at Rs. 16.3 crore versus Rs. 3.2 crore.
- EBITDA margin at 9.1% versus 3.2%.
- Net profit at Rs. 11.5 crore versus Rs. 1.1 crore.
- Revenue up 18.3% to Rs. 971 crore versus Rs. 821 crore.
- EBITDA down 5.5% to Rs. 89 crore versus Rs. 94 crore.
- EBITDA margin at 9.2% versus 11.5%.
- Net profit down 13.9% to Rs. 62 crore versus Rs. 72 crore.
- Revenue down 20.5% to Rs. 1,500 crore versus Rs. 1,887 crore.
- EBITDA down 56.9% to Rs. 258 crore versus Rs. 599 crore.
- EBITDA margin at 17.2% versus 31.7%.
- Net profit down 41.0% to Rs. 127.8 crore versus Rs. 217.4 crore.
- Revenue up 19.6% to Rs. 421 crore versus Rs. 352 crore.
- EBITDA up 33.8% to Rs. 79.2 crore versus Rs. 59.2 crore.
- EBITDA margin at 18.8% versus 16.8%.
- Net profit up 37.0% to Rs. 56.1 crore versus Rs. 40.9 crore.
- Revenue up 20.7% to Rs. 1,154 crore versus Rs. 956 crore.
- EBITDA up 15.6% to Rs. 112.5 crore versus Rs. 97.3 crore.
- EBITDA margin at 9.8% versus 10.2%.
- Net profit up 6.8% to Rs. 44.3 crore versus Rs. 41.5 crore.