India Market Recap
Indian equity markets ended the week on a cautious note, breaking their two-week winning streak as broad-based selling weighed on investor sentiment. Persistent geopolitical tensions remained a key concern. Both the Sensex and Nifty 50 declined around 0.6% during the week. On Friday, the Nifty 50 fell 29.85 points, or 0.12%, to close at 24,366, while the Sensex slipped 70.71 points, or 0.09%, to 78,009.25. From a technical perspective, the Nifty has support around 24,200–24,250, while resistance is seen near 24,450–24,500.
US Market Recap
US markets ended Friday’s session slightly lower after recent gains, as investors continued to assess inflation trends and the outlook for Federal Reserve interest rates. Expectations of softer inflation have raised hopes that the Fed may avoid a rate hike in the coming months. The S&P 500 declined 0.17% to 7,785.76, while the Nasdaq fell 0.28% to 26,729.16. The Dow Jones Industrial Average also slipped 0.20% to 53,732.41.
Asian Market Update
Asian markets opened mixed on Monday as investors assessed weaker-than-expected Japanese economic growth alongside ongoing geopolitical concerns in the Middle East. Japan’s Nikkei 225 gained 0.38%, while Australia’s ASX 200 declined 0.37%. South Korean markets remained closed for a holiday. Japan’s economy grew at an annualised rate of 1.1% in the second quarter, below the 2% expected by economists and slower than the 2.1% growth recorded in the previous quarter. Weaker domestic demand offset the support from exports.
Commodity Check
Gold and silver prices in India moved higher on Monday, reflecting continued demand for safe-haven assets. According to Bullions.co.in, 24K gold was quoted at around ₹1,54,860 per 10 grams, while 999-purity silver stood at approximately ₹2,37,270 per kg as of 6:35 am. In the energy market, crude oil prices eased marginally, with Brent crude down 0.07% at $88.50 per barrel and West Texas Intermediate lower by 0.25% at $82.22 per barrel.
Stocks In News
- Eicher Motors: The company launches the updated Continental GT 650 motorcycle.
- Hindustan Aeronautics: The company signs a pact with Adani Defence and BEML for manufacturing fuselage structures for Light Combat Helicopters (LCH).
- HEG: Income Tax Department officials examined the company's books on August 10 and have concluded the exercise.
- SEAMEC: The company enters into an agreement with Supreme Hydro Engineering to provide diving technical expertise support on an ONGC vessel; contract value around USD 1.47 million.
- Electrotherm (India): The company approves allotment of 1.1 crore preference shares to existing preference shareholders.
- Kitex Garments: The company approves fundraising of up to Rs. 3,000 crore via QIP and other instruments.
- Juniper Hotels: The company will invest Rs. 850 crore to develop a hotel in New Delhi.
- Knowledge Marine: The company approves subdivision of one equity share into five shares.
- Voltas: The company approves a binding term sheet with Atomberg to form a joint venture for AC compressor manufacturing in India.
- Reliance Industries: The company signs an intent to partner with Rolls-Royce to develop India's AMCA combat engine and establish an aerospace gas turbine complex.
- PB Fintech: IRDAI issues a show-cause notice and advisory to arm Policybazaar Insurance following observations from an inspection conducted in October 2024.
- TVS Motor: The company launches TVS Orbiter electric scooter in Sri Lanka.
- Zee Entertainment: SAT grants partial stay on SEBI's July 31 order, allows completion of promoter warrant issue and extends the warrant issuance timeline by one week.
- GMR Airports: July passenger traffic rises 0.4% YoY to 93 lakh; Delhi passenger traffic rises 3.7% YoY to 60 lakh, while aircraft movements fall 1.5% YoY.
- Neuland Laboratories: US FDA issues Form 483 with one observation for the company's Telangana manufacturing facility.
- Texmaco Rail: The company executes a pact with Texmaco Defence and Vagus Defence Technologies for investment of up to Rs. 200 crore in Texmaco Defence.
- Nibe: The company secures L2 vendor share worth Rs. 563 crore under an Indian Army loitering munition system contract.
- Dixon Technologies: The company will provide a corporate guarantee of USD 220 million to Lenovo Ireland for arm Padget Electronics.
- Sapphire Foods India: ITAT dismisses Income Tax Department's appeal and upholds the order in favour of the company's Sri Lankan arm.
- Ganesha Ecosphere: Two workmen died due to smoke inhalation following the fire incident at the subsidiary's Telangana plant on August 13.
- Nibe: The company appoints Ganesh Ramesh Nibe as CEO with immediate effect.
- Goodluck India: Shareholders approve issuance of bonus shares.
- TD Power Systems: The company enters into an agreement with Siemens Energy to manufacture and supply 2-pole generators.
- Smartworks Coworking Spaces: The company invests Rs. 28 crore for capacity addition in Pune.
- Gufic Biosciences: The company approves incorporation of a subsidiary in the Philippines.
- PhysicsWallah: The company will increase its stake in Bharat Innovations to 100% from 90%.
- CESC: The company secures a 70 MW power supply order from SECI for 25 years at Rs. 5.25/kWh.
- ADF Foods: Ascot appeals a US court ruling against the company's arm; no stay granted on the injunction or monetary judgment.
- Jaykay Enterprises: The company reappoints Abhishek Singhania as CMD and Partho Pratim Kar as Joint MD.
- DCW: Operations resume at the Gujarat plant after temporary suspension.
- Mahindra & Mahindra: The company plans to launch Scorpio Lifestyler by April 2027 with a starting price of Rs. 19.79 lakh and expand the model globally.
- Blue Star: Arm Blue Star Engineering & Electronics will sell its MedTech division to Cyrix Healthcare for Rs. 40 crore.
- Fischer Medical Ventures: The company allots 2.05 crore shares upon warrant conversion and raises Rs. 35.99 crore through warrant exercise.
- Vindhya Telelinks: NSE and BSE grant no-objection for the merger of Birla Cable with Vindhya Telelinks.
- Aditya Birla Fashion & Retail: Arm ABDFVL acquires an additional 6.21% stake in Pratyaya E-Commerce, increasing its holding to 93.79% from 87.57%.
- Baazar Style Retail: Opens new Style Baazar store in West Bengal. Total stores as on date stand at 277.
- BEML: Bags order worth USD 6.6 million (Rs. 57 crore) from Mauritius for supply of hydraulic excavators across Africa.
- Dr Reddy's: US FDA issues four observations to Bachupally unit, inspected from August 6-14.
- UPL: Step-down arm Advanta to acquire Hytech Egypt for USD 110 million. Acquisition aimed at attaining leadership in white and yellow corn across the Middle East and Africa.
- Sterlite Technologies: Department of Telecommunications issues a demand notice for Rs. 8.56 crore against Sterlite Technologies, alleging violation of the terms.
- Reliance Communications: Department of Telecommunications invokes and encashes certain financial bank guarantees furnished by various banks on behalf of RCOM in relation to deferred spectrum payment obligations.
- Juniper Green: Company awarded LOA by Solar Energy Corporation of India to set up a 230 MW Firm and Dispatchable Renewable Energy (FDRE) round-the-clock project connected to the Inter-State Transmission System in India.
- Sai Silks: Company launches its 86th store in Vijayawada, Andhra Pradesh, under its brand format.
- RPG Life Sciences: Company informs the exchange about further investment in RPG Active Pharma.
- Yes Bank: Department of Telecommunications has invoked bank guarantees worth Rs 281 crore issued by Yes Bank on behalf of a borrower towards deferred annual spectrum payment obligations.
- Apollo Micro Systems: SEBI has issued its final comments on the draft Letter of Offer for the proposed 26% open offer for Premier Explosives. Apollo Micro Systems will now take the next steps under the SEBI SAST Regulations.
Earnings post Market
- Revenue down 44.2% to Rs. 511 crore versus Rs. 916 crore.
- EBITDA down 80.5% to Rs. 33.8 crore versus Rs. 174 crore.
- EBITDA margin at 6.6% versus 19.0%.
- Net profit down 95.3% to Rs. 5.5 crore versus Rs. 117 crore.
- Revenue down 43.1% to Rs. 193 crore versus Rs. 339 crore.
- EBITDA down 67.6% to Rs. 23.7 crore versus Rs. 73.1 crore.
- EBITDA margin at 12.3% versus 21.6%.
- Net profit down 94.4% to Rs. 2.8 crore versus Rs. 50 crore.
- Revenue up 61.8% to Rs. 849 crore versus Rs. 524 crore.
- EBITDA at Rs. 189 crore versus Rs. 67 crore.
- EBITDA margin at 22.2% versus 12.7%.
- Net profit at Rs. 29 crore versus loss of Rs. 68 crore.
- Revenue up 0.8% to Rs. 609 crore versus Rs. 604 crore.
- EBITDA up 22.2% to Rs. 42.7 crore versus Rs. 35 crore.
- EBITDA margin at 7.0% versus 5.8%.
- Net profit down 6.1% to Rs. 22.1 crore versus Rs. 23.6 crore.
- Revenue down 31.6% to Rs. 423 crore versus Rs. 618 crore.
- EBITDA down 47.7% to Rs. 30.4 crore versus Rs. 58.1 crore.
- EBITDA margin at 7.2% versus 9.4%.
- Net profit down 56.9% to Rs. 17.5 crore versus Rs. 40.6 crore.
- Revenue up 51.7% to Rs. 534 crore versus Rs. 352 crore.
- EBITDA up 64.2% to Rs. 128.4 crore versus Rs. 78.2 crore.
- EBITDA margin at 24.0% versus 22.2%.
- Net profit up 97.7% to Rs. 85 crore versus Rs. 43 crore.
- Revenue at Rs. 115.4 crore versus Rs. 48.5 crore.
- EBITDA at Rs. 73.4 crore versus Rs. 20 crore.
- EBITDA margin at 63.6% versus 41.2%.
- Net profit at Rs. 61.7 crore versus Rs. 11.4 crore.
- Revenue up 4.8% to Rs. 651.4 crore versus Rs. 621.6 crore.
- EBITDA down 50.9% to Rs. 34.1 crore versus Rs. 69.4 crore.
- EBITDA margin at 5.2% versus 11.2%.
- Net profit down 69.9% to Rs. 12.4 crore versus Rs. 41.2 crore.
- Revenue up 18.7% to Rs. 4,674 crore versus Rs. 3,939 crore.
- EBITDA up 48.7% to Rs. 266 crore versus Rs. 179 crore.
- EBITDA margin at 5.7% versus 4.5%.
- Net profit up 52.2% to Rs. 214 crore versus Rs. 140 crore.
- Revenue up 24.4% to Rs. 1,054 crore versus Rs. 847 crore.
- EBITDA loss at Rs. 56.9 crore versus loss of Rs. 76.3 crore.
- Net loss at Rs. 77.6 crore versus loss of Rs. 120.5 crore.
- Revenue up 12.0% to Rs. 1,126 crore versus Rs. 1,005 crore.
- EBITDA down 44.8% to Rs. 48 crore versus Rs. 87 crore.
- EBITDA margin at 4.3% versus 8.7%.
- Net profit down 80.0% to Rs. 10.4 crore versus Rs. 51.2 crore.
- Revenue up 2.3% to Rs. 1,094 crore versus Rs. 1,069 crore.
- EBITDA down 20.4% to Rs. 193 crore versus Rs. 242 crore.
- EBITDA margin at 17.6% versus 22.7%.
- Net profit down 19.4% to Rs. 151.5 crore versus Rs. 188 crore.
- Revenue up 39.7% to Rs. 294 crore versus Rs. 210.5 crore.
- EBITDA loss at Rs. 33 crore versus loss of Rs. 45.6 crore.
- Net loss at Rs. 37.8 crore versus loss of Rs. 46.7 crore.
- Revenue down 86.8% to Rs. 111 crore versus Rs. 840 crore.
- EBITDA at Rs. 25 crore versus EBITDA loss of Rs. 20.2 crore.
- Net loss at Rs. 1.3 crore versus profit of Rs. 12.4 crore.
- Revenue up 0.8% to Rs. 6,795 crore versus Rs. 6,739 crore.
- EBITDA down 0.4% to Rs. 2,468 crore versus Rs. 2,478 crore.
- EBITDA margin at 36.3% versus 36.8%.
- Net profit up 1.9% to Rs. 2,006 crore versus Rs. 1,968 crore.
- Revenue up 46.2% to Rs. 671 crore versus Rs. 459 crore.
- EBITDA up 10.2% to Rs. 65 crore versus Rs. 59 crore.
- EBITDA margin at 9.7% versus 12.9%.
- Net profit down 15.2% to Rs. 28 crore versus Rs. 33 crore.
- Revenue up 3.1% to Rs. 368 crore versus Rs. 357 crore.
- EBITDA down 0.7% to Rs. 29.9 crore versus Rs. 30.1 crore.
- EBITDA margin at 8.1% versus 8.4%.
- Net profit down 24.1% to Rs. 26 crore versus Rs. 34 crore.
- Revenue up 3.4% to Rs. 1,705 crore versus Rs. 1,648 crore.
- EBITDA up 13.2% to Rs. 453 crore versus Rs. 401 crore.
- EBITDA margin at 26.6% versus 24.3%.
- Net loss at Rs. 41.5 crore versus loss of Rs. 7.8 crore.
- Revenue down 5.6% to Rs. 3,662 crore versus Rs. 3,879 crore.
- EBITDA down 50.4% to Rs. 400 crore versus Rs. 806 crore.
- EBITDA margin at 10.9% versus 20.8%.
- Net profit down 87.1% to Rs. 50.5 crore versus Rs. 392 crore.
- Net Profit up 98% at Rs 50.51 crore versus Rs 25.6 crore.
- Other Income at Rs 43 crore versus Rs 20 crore.
- Revenue up 9% at Rs 3,662 crore versus Rs 3,365 crore.
- EBITDA down 2% at Rs 399 crore versus Rs 408 crore.
- EBITDA Margin down 110 bps at 10.9% versus 12%.
- Revenue up 12.6% to Rs. 2,546 crore versus Rs. 2,262 crore.
- EBITDA up 4.6% to Rs. 293 crore versus Rs. 280 crore.
- EBITDA margin at 11.5% versus 12.4%.
- Net profit up 8.9% to Rs. 122 crore versus Rs. 112 crore.
- Revenue up 9.0% to Rs. 254 crore versus Rs. 233 crore.
- EBITDA down 7.7% to Rs. 34.8 crore versus Rs. 37.7 crore.
- EBITDA margin at 13.7% versus 16.2%.
- Net profit down 26.4% to Rs. 12.8 crore versus Rs. 17.4 crore.
- Revenue up 37.6% to Rs. 5,366 crore versus Rs. 3,901 crore.
- EBITDA up 93.9% to Rs. 888 crore versus Rs. 458 crore.
- EBITDA margin at 16.5% versus 11.7%.
- Net profit at Rs. 422 crore versus Rs. 62 crore.
- Revenue up 7.4% to Rs. 6,344 crore versus Rs. 5,908 crore.
- EBITDA loss at Rs. 153 crore versus profit of Rs. 222 crore.
- Net profit at Rs. 371.8 crore versus Rs. 59.8 crore.
- Regulatory income at Rs. 1,447 crore versus Rs. 721 crore.
- Reported one-time gain of Rs. 140 crore.
- Revenue down 4.3% to Rs. 678 crore versus Rs. 708 crore.
- EBITDA down 57.3% to Rs. 60.1 crore versus Rs. 140.6 crore.
- EBITDA margin at 8.9% versus 19.9%.
- Net loss at Rs. 57.9 crore versus profit of Rs. 23.4 crore.
- Revenue up 14.6% to Rs. 81.4 crore versus Rs. 71 crore.
- Net profit down 25.4% to Rs. 5.3 crore versus Rs. 7.1 crore.
- Revenue up 17.0% to Rs. 410 crore versus Rs. 351 crore.
- EBITDA up 14.0% to Rs. 64 crore versus Rs. 56 crore.
- EBITDA margin at 15.6% versus 16.0%.
- Net profit up 84.2% to Rs. 34 crore versus Rs. 19 crore.
- Revenue up 29.3% to Rs. 11,337 crore versus Rs. 8,766 crore.
- EBITDA up 68.3% to Rs. 542 crore versus Rs. 322 crore.
- EBITDA margin at 4.8% versus 3.7%.
- Net profit up 86.7% to Rs. 336 crore versus Rs. 180 crore.
- Reappoints Acharya Balkrishna as Chairman.
- Declares 3rd interim dividend of Rs. 1.5/share for FY26 and 1st interim dividend of Rs. 0.8/share for FY27.
- Revenue up 17.5% to Rs. 134 crore versus Rs. 114 crore.
- EBITDA loss at Rs. 13.9 crore versus profit of Rs. 0.8 crore.
- Net loss at Rs. 11.4 crore versus profit of Rs. 1.3 crore.
- Revenue up 8.1% to Rs. 167 crore versus Rs. 154 crore.
- EBITDA up 3.2% to Rs. 46.9 crore versus Rs. 45.4 crore.
- EBITDA margin at 28.1% versus 29.4%.
- Net profit down 14.4% to Rs. 11.5 crore versus Rs. 13.4 crore.
- Revenue up 97.9% to Rs. 192 crore versus Rs. 97 crore.
- EBITDA at Rs. 49.4 crore versus Rs. 8.3 crore.
- EBITDA margin at 25.7% versus 8.6%.
- Net profit at Rs. 29.2 crore versus Rs. 5.2 crore.
- Revenue up 0.8% to Rs. 51.9 crore versus Rs. 51.5 crore.
- EBITDA down 41.8% to Rs. 8.1 crore versus Rs. 13.9 crore.
- EBITDA margin at 15.6% versus 27.0%.
- Net profit down 29.4% to Rs. 8.4 crore versus Rs. 11.9 crore.
- Revenue up 16.7% to Rs. 868 crore versus Rs. 744 crore.
- EBITDA up 49.5% to Rs. 95.7 crore versus Rs. 64 crore.
- EBITDA margin at 11.0% versus 8.6%.
- Net profit up 34.8% to Rs. 50.7 crore versus Rs. 37.6 crore.
- Revenue up 49.1% to Rs. 689 crore versus Rs. 462 crore.
- EBITDA up 94.3% to Rs. 111.7 crore versus Rs. 57.5 crore.
- EBITDA margin at 16.2% versus 12.4%.
- Net profit at Rs. 80.2 crore versus Rs. 40 crore.
- Appoints Wang Dazhong as CMD from August 15.
- Appoints Xie Dongming as CFO from August 15.