India Market Recap
Indian benchmark indices ended on a mixed note on Thursday as investors remained cautious amid mixed global cues. Sector-wise, metal and PSU Bank stocks were the biggest laggards, while realty and FMCG stocks outperformed and provided support to the broader market. The BSE Sensex gained 119.61 points, or 0.15%, to close at 78,079.96, while the NSE Nifty 50 slipped 40.10 points, or 0.16%, to settle at 24,395.85. On the technical front, Nifty support is placed in the 24,200–24,300 range, while resistance is seen between 24,500 and 24,600.
US Market Recap
Wall Street extended its rally after fresh inflation data indicated that price pressures continue to ease, strengthening expectations that the Federal Reserve will keep interest rates unchanged next month. The S&P 500 rose 0.7% to close at a fresh record high, while the Nasdaq 100 advanced more than 1%, marking its strongest close since late June. Falling Treasury yields further supported investor sentiment, as markets priced in a lower probability of additional rate hikes.
Asian Market Update
Asian markets traded higher on Friday, supported by softer US inflation data and easing oil prices, which improved risk sentiment across the region. MSCI's Asia Pacific Index gained 0.4%, led by a nearly 3% rally in South Korea's Kospi. Japan's Topix advanced 0.4%, while Hang Seng futures slipped 0.6%, reflecting a mixed outlook across regional markets.
Commodity Check
Gold prices were largely unchanged after retreating below $4,400 per ounce, as investors balanced expectations of a steady US interest-rate outlook against hopes for progress in negotiations to reopen the Strait of Hormuz. Spot gold edged 0.2% higher to $4,359.73 per ounce, remaining on track for its second consecutive weekly gain despite the previous session's decline. Silver, platinum, and palladium traded largely flat. Crude oil prices remained under pressure as discussions over reopening the Strait of Hormuz continued, although sporadic attacks on tankers and energy infrastructure kept supply concerns alive. Brent crude traded near $87 per barrel after falling 2.2% in the previous session, while West Texas Intermediate (WTI) hovered around $81 per barrel. Investors will continue to monitor geopolitical developments closely, as any disruption to shipping through the strategic waterway could significantly influence global energy prices.
Stocks In News
- Oswal Pumps: The company receives an order worth Rs. 78 crore from North Bihar Power Distribution Company to set up rooftop solar projects.
- RCF: The company approves fundraising of up to Rs. 1,100 crore via NCDs.
- Aditya Birla Real Estate: Arm Birla Estates enters the Navi Mumbai redevelopment segment with the Vashi project having revenue potential of around Rs. 2,600 crore.
- Reddy's Laboratories: Deepak Sapra resigns as CEO of API & Services with effect from November 12
- Aurobindo Pharma: The company incorporates a wholly-owned subsidiary, Auropharm Overseas, in India.
- Stove Kraft: The company incorporates a subsidiary in China and forms a 50:50 JV with Ningbo Wochi New Materials.
- Thomas Cook: Arm Sterling Holiday launches Sterling Quinta Jim Corbett resort in Uttarakhand.
- Bharat Rasayan: The board considers a restructuring proposal involving BRL Finlease, Centum Finance and their wholly-owned subsidiaries.
- Relaxo Footwears: The company reassesses manufacturing capacity to 9.1 lakh pairs per day from 10.5 lakh pairs earlier.
- DCW: The company plans to invest up to Rs. 250 crore over the next 2-3 years for pigment capacity expansion and power plant improvement projects.
- G R Infraprojects: The company receives a Letter of Award worth Rs. 91.6 crore for a Multi Modal Logistics Park project in Varanasi.
- Jeena Sikho Lifecare: The company will invest around Rs. 85 lakh to establish an Ayurvedic, Naturopathy and Panchkarma hospital facility in Bareilly, Uttar Pradesh.
- Indian Overseas Bank: The bank hikes 3-month, 1-year and 3-year MCLR rates by 5 bps each.
- TVS Motor: The company launches electric three-wheeler TVS King EV MAX in Sri Lanka.
- JSW Cement: The company approves fundraising of up to Rs. 500 crore via NCDs.
- Waaree Energies: Arm enters into a JV agreement with SmartenGrand to manufacture and supply semiconductor products.
- APAR Industries: The company closes its QIP issue and allots 16.9 lakh shares at Rs. 14,805 per share.
- Bank of Baroda: The bank completes issuance of USD 700 million notes.
- Samvardhana Motherson: The company issues a corporate guarantee of Rs. 1,600 crore for its subsidiary.
- Escorts Kubota: The company launches two new tractor models in its agri-machinery business segment.
- DCX Systems: JV ELTX Systems signs an additional non-binding MoU with the Tamil Nadu government to expand the scope of proposed operations in the state.
- Lemon Tree Hotels: The company signs a licence agreement for a hotel in Visakhapatnam.
- ICICI Bank: The bank completes issuance of USD 300 million senior unsecured fixed-rate notes.
- Lloyds Enterprises: The company enters into a loan agreement with Tata Capital to avail financial assistance of Rs. 219 crore for acquisition of shares of Steel Infra Solutions.
- Sindhu Trade Links: The company appoints Ankur Gupta as CFO and Vikas Singh Hooda as CEO.
- Andhra Paper: Annual outage at the Andhra unit will be undertaken from August 17-28.
- Maithan Alloys: The company redesignates Subhas Chandra Agarwalla as Executive Chairman and Subodh Agarwalla as MD & CEO from October 1.
- Indigo Paints: The company will explore acquisition of an additional 11% stake in subsidiary Apple Chemie India.
- CDSL: The company approves an investment of Rs. 5 crore in ONDC.
- Fischer Medical Ventures: The company approves allotment of 1.43 crore shares at Rs. 23.40 per share.
- Mankind Pharma: The company incorporates wholly-owned subsidiary Mankind Pharma (Netherlands) B.V.
- Ganesha Ecosphere: Fire incident reported at the polyester staple fibre plant of its subsidiary in Warangal, Telangana.
- Vesuvius India: The company will sell its Gujarat business undertaking to Foseco India for Rs. 43 crore.
- Le Travenues Technology: The company will sell 46,264 compulsorily convertible preference shares of Freshbus to Twelve Stone LLP at Rs. 7,911 per share.
- Saatvik Green Energy: Arm Saatvik Solar Industries receives an order worth Rs. 132 crore for supply of solar PV modules.
- IRM Energy: The company appoints Ashish Maheshwari as CFO from August 14.
- Sanstar: The company reappoints Gouthamchand Sohanlal Chowdhary as MD for five years and reappoints Sambhav Gautam Chowdhary and Shreyans Gautam Chowdhary as Joint MDs.
Earnings post Market
- Revenue up 27.0% to Rs. 756 crore versus Rs. 595 crore.
- EBITDA up 140.2% to Rs. 110 crore versus Rs. 45.8 crore.
- EBITDA margin at 14.6% versus 7.7%.
- Net profit at Rs. 90.3 crore versus Rs. 41.3 crore.
- Revenue up 94.7% to Rs. 183 crore versus Rs. 94 crore.
- EBITDA up 38.1% to Rs. 8.7 crore versus Rs. 6.3 crore.
- EBITDA margin at 4.8% versus 6.7%.
- Net loss at Rs. 15 crore versus profit of Rs. 21 crore.
- Revenue up 6.4% to Rs. 3,586 crore versus Rs. 3,371 crore.
- EBITDA up 39.4% to Rs. 220 crore versus Rs. 158 crore.
- EBITDA margin at 6.1% versus 4.7%.
- Net profit up 35.1% to Rs. 73.5 crore versus Rs. 54.4 crore.
- Revenue up 14.0% to Rs. 542 crore versus Rs. 475.5 crore.
- EBITDA down 33.5% to Rs. 35.7 crore versus Rs. 53.7 crore.
- EBITDA margin at 6.6% versus 11.3%.
- Net profit at Rs. 34.5 crore versus Rs. 11.4 crore.
- Revenue up 9.3% to Rs. 95,799 crore versus Rs. 87,677 crore.
- EBITDA down 17.2% to Rs. 6,326 crore versus Rs. 7,639 crore.
- EBITDA margin at 6.6% versus 8.7%.
- Net profit down 80.3% to Rs. 775 crore versus Rs. 3,924 crore.
- Revenue down 9.6% to £6 billion.
- EBITDA margin at 8.1%.
- EBIT margin at 2.8% versus 4.0% YoY
- Volumes impacted by supply constraints.
- Revenue up 30.0% to Rs. 4,315 crore versus Rs. 3,319 crore.
- EBITDA up 20.7% to Rs. 536 crore versus Rs. 444 crore.
- EBITDA margin at 12.4% versus 13.4%.
- Net profit up 8.0% to Rs. 245 crore versus Rs. 226 crore.
- Revenue up 23.7% to Rs. 2,795 crore versus Rs. 2,261 crore.
- EBITDA up 42.4% to Rs. 321 crore versus Rs. 225.4 crore.
- EBITDA margin at 11.5% versus 10.0%.
- Net profit up 83.6% to Rs. 161 crore versus Rs. 88 crore.
- Revenue up 88.0% to Rs. 2,110 crore versus Rs. 1,123 crore.
- EBITDA up 63.5% to Rs. 8.5 crore versus Rs. 5.2 crore.
- EBITDA margin at 0.4% versus 0.5%.
- Net profit at Rs. 50.7 crore versus Rs. 0.8 crore.
- Revenue at Rs. 690 crore versus Rs. 302 crore.
- EBITDA at Rs. 77 crore versus Rs. 31 crore.
- EBITDA margin at 11.2% versus 10.3%.
- Net profit at Rs. 58.4 crore versus Rs. 16.4 crore.
- Revenue up 11.8% to Rs. 716 crore versus Rs. 640 crore.
- EBITDA down 4.1% to Rs. 30 crore versus Rs. 31.3 crore.
- EBITDA margin at 4.2% versus 4.9%.
- Net profit at Rs. 11.6 crore versus Rs. 5.3 crore.
- Revenue up 27.2% to Rs. 805 crore versus Rs. 633 crore.
- EBITDA up 58.9% to Rs. 178 crore versus Rs. 112 crore.
- EBITDA margin at 22.1% versus 17.7%.
- Net profit up 69.6% to Rs. 134 crore versus Rs. 79 crore.
- Revenue down 27.5% to Rs. 103 crore versus Rs. 142 crore.
- EBITDA down 68.9% to Rs. 6.5 crore versus Rs. 20.9 crore.
- EBITDA margin at 6.3% versus 14.7%.
- Net profit down 79.7% to Rs. 3.1 crore versus Rs. 15.3 crore.
- Revenue up 7.7% to Rs. 705 crore versus Rs. 654 crore.
- EBITDA up 8.8% to Rs. 108.2 crore versus Rs. 99.5 crore.
- EBITDA margin at 15.4% versus 15.2%.
- Net profit up 12.4% to Rs. 54.9 crore versus Rs. 48.9 crore.
- Revenue up 44.8% to Rs. 1,365 crore versus Rs. 942 crore.
- EBITDA up 30.3% to Rs. 259.8 crore versus Rs. 199.4 crore.
- EBITDA margin at 19.0% versus 21.2%.
- Net profit up 43.2% to Rs. 197 crore versus Rs. 137.3 crore.
- Revenue up 5.2% to Rs. 96.4 crore versus Rs. 91.6 crore.
- Net profit up 37.5% to Rs. 27.5 crore versus Rs. 20 crore.
- Sammaan Capital (Q1 FY27, Consolidated YoY)
- Total income down 30.1% to Rs. 1,683 crore versus Rs. 2,409 crore.
- Net profit down 27.2% to Rs. 243 crore versus Rs. 334 crore.
- Revenue up 13.0% to Rs. 2,106 crore versus Rs. 1,863 crore.
- EBITDA up 73.5% to Rs. 59 crore versus Rs. 34 crore.
- EBITDA margin at 2.8% versus 1.8%.
- Net loss at Rs. 31 crore versus loss of Rs. 46 crore.
- Revenue up 22.5% to Rs. 1,062 crore versus Rs. 867 crore.
- EBITDA up 27.7% to Rs. 155 crore versus Rs. 121 crore.
- EBITDA margin at 14.6% versus 14.0%.
- Net profit up 20.7% to Rs. 103 crore versus Rs. 85.6 crore.
- Revenue up 15.5% to Rs. 7,233 crore versus Rs. 6,263 crore.
- EBITDA up 26.2% to Rs. 904 crore versus Rs. 716.5 crore.
- EBITDA margin at 12.5% versus 11.4%.
- Net profit up 27.0% to Rs. 653 crore versus Rs. 513 crore.
- Revenue up 19.7% to Rs. 370 crore versus Rs. 309 crore.
- EBITDA up 40.0% to Rs. 62 crore versus Rs. 44.3 crore.
- EBITDA margin at 16.8% versus 14.3%.
- Net profit up 61.1% to Rs. 41.8 crore versus Rs. 25.9 crore.
- Revenue down 5.6% to Rs. 1,496 crore versus Rs. 1,584 crore.
- EBITDA up 59.6% to Rs. 307 crore versus Rs. 192.5 crore.
- EBITDA margin at 20.5% versus 12.2%.
- Net profit up 72.8% to Rs. 261 crore versus Rs. 151 crore.
- Revenue up 18.3% to Rs. 1,587 crore versus Rs. 1,341 crore.
- EBITDA up 4.9% to Rs. 107.6 crore versus Rs. 102.6 crore.
- EBITDA margin at 6.8% versus 7.7%.
- Net profit down 16.5% to Rs. 48 crore versus Rs. 57.5 crore.
- Revenue up 26.9% to Rs. 718 crore versus Rs. 566 crore.
- EBITDA up 23.4% to Rs. 38.5 crore versus Rs. 31.2 crore.
- EBITDA margin at 5.4% versus 5.5%.
- Net profit down 42.6% to Rs. 6.2 crore versus Rs. 10.8 crore.
- Revenue up 20.3% to Rs. 379 crore versus Rs. 315 crore.
- EBITDA up 21.5% to Rs. 90.2 crore versus Rs. 74.2 crore.
- EBITDA margin at 23.8% versus 23.5%.
- Net profit up 19.5% to Rs. 70.5 crore versus Rs. 59 crore.
- Revenue down 88.8% to Rs. 39 crore versus Rs. 349 crore.
- EBITDA loss at Rs. 20.8 crore versus profit of Rs. 27 crore.
- Net loss at Rs. 13.6 crore versus profit of Rs. 21.3 crore.
- Revenue down 4.1% to Rs. 588 crore versus Rs. 613 crore.
- EBITDA down 47.0% to Rs. 96.7 crore versus Rs. 182.4 crore.
- EBITDA margin at 16.4% versus 29.8%.
- Net profit down 34.1% to Rs. 81 crore versus Rs. 123 crore.
- Revenue up 39.4% to Rs. 1,782 crore versus Rs. 1,278 crore.
- EBITDA at Rs. 249 crore versus Rs. 124 crore.
- EBITDA margin at 14.0% versus 9.7%.
- Net profit at Rs. 166 crore versus Rs. 79.5 crore.
- Revenue up 20.5% to Rs. 452 crore versus Rs. 375 crore.
- EBITDA up 10.4% to Rs. 161 crore versus Rs. 146 crore.
- EBITDA margin at 35.7% versus 39.0%.
- Net profit up 38.0% to Rs. 126.7 crore versus Rs. 91.8 crore.
- Revenue down 16.4% to Rs. 1,014 crore versus Rs. 1,213 crore.
- EBITDA loss at Rs. 3.9 crore versus profit of Rs. 26.4 crore.
- Net loss at Rs. 31.4 crore versus profit of Rs. 19.1 crore.
- Total income up 16.8% to Rs. 14,977 crore versus Rs. 12,825 crore.
- Net profit up 37.2% to Rs. 96 crore versus Rs. 70 crore.
- Revenue down 12.9% to Rs. 1,116 crore versus Rs. 1,281 crore.
- EBITDA up 11.7% to Rs. 362 crore versus Rs. 324 crore.
- EBITDA margin at 32.4% versus 25.3%.
- Net profit up 33.6% to Rs. 200 crore versus Rs. 150 crore.
- Revenue up 14.6% to Rs. 204 crore versus Rs. 178 crore.
- EBITDA down 17.0% to Rs. 22.9 crore versus Rs. 27.6 crore.
- EBITDA margin at 11.2% versus 15.5%.
- Net profit at Rs. 106 crore versus Rs. 4.5 crore.
- Revenue up 31.0% to Rs. 190 crore versus Rs. 145 crore.
- EBITDA down 9.0% to Rs. 47.3 crore versus Rs. 52 crore.
- EBITDA margin at 24.9% versus 35.9%.
- Net profit down 31.4% to Rs. 24 crore versus Rs. 35 crore.
- Revenue up 39.3% to Rs. 404 crore versus Rs. 290 crore.
- EBITDA up 41.6% to Rs. 106.2 crore versus Rs. 75 crore.
- EBITDA margin at 26.3% versus 25.9%.
- Net profit up 67.8% to Rs. 79 crore versus Rs. 47 crore.
- Revenue up 49.4% to Rs. 1,346 crore versus Rs. 901 crore.
- EBITDA up 47.6% to Rs. 255 crore versus Rs. 173 crore.
- EBITDA margin at 18.9% versus 19.2%.
- Net profit down 45.5% to Rs. 57.8 crore versus Rs. 106 crore.
- Reported one-time loss of Rs. 144 crore in Q1.
- Revenue up 21.6% to Rs. 1,896 crore versus Rs. 1,560 crore.
- EBITDA down 7.5% to Rs. 299 crore versus Rs. 323 crore.
- EBITDA margin at 15.7% versus 20.7%.
- Net profit at Rs. 161 crore versus loss of Rs. 1,356 crore.
- NII up 13.1% to Rs. 36.9 crore versus Rs. 32.6 crore.
- Net loss at Rs. 13.7 crore versus profit of Rs. 17.8 crore.
- Total income up 10.0% to Rs. 762 crore versus Rs. 693 crore.
- Net profit up 1.8% to Rs. 45.5 crore versus Rs. 44.7 crore.
- Revenue up 66.0% to Rs. 576 crore versus Rs. 347 crore.
- EBITDA up 46.6% to Rs. 69.2 crore versus Rs. 47.2 crore.
- EBITDA margin at 12.0% versus 13.6%.
- Net profit down 0.4% to Rs. 25.9 crore versus Rs. 26 crore.
- Revenue down 0.4% to Rs. 51.4 crore versus Rs. 51.6 crore.
- EBIT down 30.5% to Rs. 3.4 crore versus Rs. 4.9 crore.
- EBIT margin at 6.6% versus 9.5%.
- Net profit up 38.2% to Rs. 4.7 crore versus Rs. 3.4 crore.
- Revenue down 5.8% to Rs. 820 crore versus Rs. 870 crore.
- EBITDA up 75.3% to Rs. 126.6 crore versus Rs. 72.2 crore.
- EBITDA margin at 15.4% versus 8.3%.
- Net profit at Rs. 158 crore versus Rs. 65.4 crore.
- Revenue up 18.3% to Rs. 1,900 crore versus Rs. 1,606 crore.
- EBITDA down 49.7% to Rs. 110 crore versus Rs. 218 crore.
- EBITDA margin at 5.8% versus 13.6%.
- Net profit down 42.1% to Rs. 103 crore versus Rs. 178 crore.
- Revenue up 18.6% to Rs. 478 crore versus Rs. 403 crore.
- EBITDA up 67.9% to Rs. 129.3 crore versus Rs. 77 crore.
- EBITDA margin at 27.1% versus 19.1%.
- Net profit up 72.8% to Rs. 89 crore versus Rs. 51 crore.
- Revenue up 40.8% to Rs. 297 crore versus Rs. 211 crore.
- EBITDA up 29.0% to Rs. 124.5 crore versus Rs. 96.5 crore.
- EBITDA margin at 41.9% versus 45.7%.
- Net profit up 7.1% to Rs. 81.2 crore versus Rs. 75.8 crore.