India Market Recap
Indian equity benchmarks rallied over 1% on Thursday, supported by strong buying in banking, FMCG and IT stocks. The BSE Sensex surged 905.01 points, or 1.24%, to close at 74,151.04, while the NSE Nifty 50 advanced 237.90 points, or 1.05%, to settle at 22,936.75. The Bank Nifty also strengthened, gaining 642.25 points, or 1.18%, to end at 54,909.65. The broad-based rally indicated improved buying interest across key sectors, although global developments, crude oil prices and geopolitical tensions remain important factors for market direction. On the technical front, Nifty support is placed around 22,800–22,750, while resistance is seen in the 23,100–23,150 range.
US Market Recap
US equities opened lower on Thursday, with the S&P 500 and Nasdaq Composite under pressure following financial results from several prominent companies that fell short of Wall Street expectations. The S&P 500 declined 0.5%, while the Nasdaq Composite dropped 1.4%. The Dow Jones Industrial Average also traded 0.6% lower. The weakness reflected investor concerns over corporate earnings and the outlook for major companies, particularly in the technology sector. Market sentiment remained cautious as investors assessed earnings performance, valuations and the potential implications for broader equity-market trends.
Asian Market Update
Asian markets were trading mixed on Friday, the last trading session of the week, as investors remained cautious ahead of the Bank of Japan's (BoJ) monetary policy decision. Among regional indices, Japan's Nikkei 225 fell 1.47%, while the broader Topix index edged 0.05% lower. South Korea's Kospi plunged 3.35%. In contrast, New Zealand's NZX 50 rose 0.33%, while Australia's ASX 200 gained 1.02%.
Commodity Check
Crude oil prices declined on Thursday as prospects of renewed peace negotiations between the US and Iran eased concerns over potential supply disruptions in the Middle East. Brent crude futures fell 44 cents to settle at $114.88 per barrel, while US West Texas Intermediate (WTI) crude futures declined 78 cents to close at $102 per barrel. The pullback followed reports that US Vice President JD Vance had contacted Iranian Security Council chief Mohsen Rezaei in an effort to restart peace negotiations, according to The Wall Street Journal, which cited US officials and people familiar with the discussions. The possibility of renewed diplomatic engagement offered some relief to energy markets amid elevated geopolitical risks. However, crude prices remain high, and any breakdown in negotiations or further escalation could renew concerns over global energy supplies. For India, sustained elevated oil prices could increase import costs, add to inflationary pressures and weigh on corporate margins and market sentiment.
Stocks In News
- Ashiana Housing: To acquire 4.4-acre land in Gurgaon; project has sales potential of Rs 1,300 crore.
- Wipro: Arm acquires 20% stake in FLARRE.AI.
- Trent: Noel Tata to retire as chairman from Nov. 11; Bahram Vakil appointed chairman from Nov. 12; Noel Tata appointed chairman emeritus from Nov. 12.
- Praj Industries: To invest Rs 100 crore in JV with BPCL to set up CBG plants in India.
- Greenply Industries: To invest Rs 125 crore in capacity expansion.
- NTPC: Arm's 250 MW/500 MWh BESS project declared commercial.
- Monarch Networth: Approves stock split in ratio of 1:5.
- Kajaria Ceramics: Invests Rs 45 crore in arm Kerovit Global via subscription to NCRPS.
- Samvardhana Motherson: To issue corporate guarantee of 75 million euros to arm.
- Afcons Infrastructure: Bags EPC orders worth Rs 3,469 crore for Jewar Airport expressway connectivity and Lucknow Metro.
- DCM Shriram: Commissions 68 MW hybrid project through SPV.
- Patanjali Foods: Madhya Pradesh food authority bans sale of one cow ghee batch; company says impact limited to affected batch.
- Vintage Coffee: Vintage Coffee and Delecto Foods cease to be subsidiaries.
- Transport Corporation of India: Adds 500-TEU vessel to fleet; invests Rs 178.8 crore.
- Restaurant Brands Asia: To acquire stake in Indonesian arm for IDR 250 billion.
- Clean Science: Arm completes product trials for advanced grades of HALS products.
- 63 Moons Technologies: Arm 63SATS signs Rs 65 crore warrant deal with BCCL.
- NIIT Learning Systems: Acquires Texas-based Bluewater Learning for $17.6 million.
- NTPC Green Energy: Commissioned 95.6 MW at Kalasar Solar Project; total operational capacity at 11,328.69 MW.
- Gujarat Alkalies: Begins receiving hybrid power from 6.6 MW installation.
- Bank of Baroda: Says BR Shetty suit not served on the bank.
- TVS Motor: Launches TVS Ronin Agonda in Indonesia.
- PI Industries: Unveils first insecticide molecule discovered in India.
Earnings Updates
- Net Profit up 53.2% at Rs 121 crore vs Rs 79 crore YoY
- Revenue up 22.4% at Rs 2,666 crore vs Rs 2,178 crore YoY
- Ebitda up 91.7% at Rs 207 crore vs Rs 108 crore YoY
- Ebitda Margin at 7.8% vs 5% YoY
- Net Profit up 13.9% at Rs 523 crore vs Rs 459 crore YoY
- Revenue up 19% at Rs 4,413 crore vs Rs 3,708 crore YoY
- Ebitda up 11.7% at Rs 820 crore vs Rs 734 crore YoY
- Ebitda Margin at 18.6% vs 19.8% YoY
- Revenue up 25.9% at Rs 23,364 crore vs Rs 18,555 crore YoY
- Ebitda at Rs 1,908 crore vs Rs 579 crore YoY
- Ebitda Margin at 8.2% vs 3.1% YoY
- Ebitdar down 3% at Rs 3,667 crore vs Rs 3,792 crore YoY
- Ebitdar Margin at 15.7% vs 20.4% YoY
- Net Loss at Rs 1,879 crore vs loss of Rs 2,582 crore YoY
- Net Profit down 69.2% at Rs 394 crore vs Rs 1,279 crore YoY
- Revenue up 25.9% at Rs 4,875 crore vs Rs 3,871 crore YoY
- Ebitda down 0.3% at Rs 719 crore vs Rs 721 crore YoY
- Ebitda Margin at 14.7% vs 18.6% YoY
- Net Profit down 66.9% at Rs 15.9 crore vs Rs 48 crore YoY
- Revenue up 25.1% at Rs 271 crore vs Rs 216.5 crore YoY
- Ebitda up 25.3% at Rs 89.3 crore vs Rs 71.3 crore YoY
- Ebitda Margin at 33% vs 32.9% YoY
- Net Profit up 8.6% at Rs 490 crore vs Rs 451 crore YoY
- Revenue up 22.5% at Rs 5,788 crore vs Rs 4,724 crore YoY
- Ebitda up 29.6% at Rs 1,054 crore vs Rs 813 crore YoY
- Ebitda Margin at 18.2% vs 17.2% YoY
- Net Profit up 84.4% at Rs 59 crore vs Rs 32 crore YoY
- Revenue up 33% at Rs 463 crore vs Rs 348 crore YoY
- Ebitda up 65.3% at Rs 80 crore vs Rs 48.4 crore YoY
- Ebitda Margin at 17.3% vs 13.9% YoY
- Net Profit up 166.3% at Rs 43 crore vs Rs 16 crore YoY
- Revenue up 16.1% at Rs 800 crore vs Rs 689 crore YoY
- Ebitda up 56.2% at Rs 89 crore vs Rs 57 crore YoY
- Ebitda Margin at 11.2% vs 8.3%, up 287 bps YoY
- Net Profit down 20.5% at Rs 37.3 crore vs Rs 46.9 crore YoY
- Revenue up 11.1% at Rs 529 crore vs Rs 476 crore YoY
- Ebitda down 14% at Rs 79.6 crore vs Rs 92.6 crore YoY
- Ebitda Margin at 15.1% vs 19.5% YoY
- Net Profit at Rs 60 crore vs Rs 4 crore YoY
- Revenue at Rs 407 crore vs Rs 136 crore YoY
- Ebitda at Rs 99 crore vs Rs 17 crore YoY
- Ebitda Margin at 24.3% vs 12.5% YoY
- NCLT Hyderabad approves merger of three arms
- Net Profit up 25.2% at Rs 123.9 crore vs Rs 99 crore YoY
- Revenue up 21% at Rs 2,931 crore vs Rs 2,422 crore YoY
- Ebitda up 10.6% at Rs 203 crore vs Rs 183.4 crore YoY
- Ebitda Margin at 6.9% vs 7.6% YoY
- Net Profit up 21.1% at Rs 23 crore vs Rs 19 crore YoY
- Revenue up 0.8% at Rs 849 crore vs Rs 842 crore YoY
- Ebitda down 8.1% at Rs 52.4 crore vs Rs 57 crore YoY
- Ebitda Margin at 6.2% vs 6.8% YoY
- Net Profit up 99.2% at Rs 24.1 crore vs Rs 12.1 crore YoY
- Revenue up 33% at Rs 427 crore vs Rs 321 crore YoY
- Ebitda up 55.1% at Rs 36.3 crore vs Rs 23.4 crore YoY
- Ebitda Margin at 8.5% vs 7.3% YoY
- Net Profit up 40.4% at Rs 233 crore vs Rs 166 crore
- Revenue up 2.9% at Rs 2,831 crore vs Rs 2,752 crore
- Ebit down 1.6% at Rs 358 crore vs Rs 364 crore
- Ebit Margin at 12.6% vs 13.2%
- Net Profit down 21.1% at Rs 746 crore vs Rs 945 crore
- Revenue down 0.8% at Rs 2,488 crore vs Rs 2,507 crore
- Ebitda up 66% at Rs 1,351 crore vs Rs 814 crore
- Ebitda Margin at 54.3% vs 32.5%
- Company had one-time loss of Rs 441 crore in Q1
- Net Profit at Rs 7.8 crore vs Rs 3 crore YoY
- Revenue up 2.4% at Rs 128 crore vs Rs 125 crore YoY
- Ebitda up 77.3% at Rs 25 crore vs Rs 14.1 crore YoY
- Ebitda Margin at 19.5% vs 11.3% YoY
- Net Profit up 13% at Rs 139 crore vs Rs 123 crore YoY
- Revenue up 8.4% at Rs 167 crore vs Rs 154 crore YoY
- Ebitda up 5.8% at Rs 141 crore vs Rs 134 crore YoY
- Ebitda Margin at 84.6% vs 86.7% YoY
- Net Profit down 24.6% at Rs 10.4 crore vs Rs 13.8 crore YoY
- Revenue up 23% at Rs 663 crore vs Rs 539 crore YoY
- Ebitda down 17.2% at Rs 47.6 crore vs Rs 57.5 crore YoY
- Ebitda Margin at 7.2% vs 10.7% YoY
- Board approves buyback of shares worth Rs 40 crore
- Net Profit at Rs 77.9 crore vs Rs 28.4 crore YoY
- Revenue up 41.5% at Rs 1,089 crore vs Rs 769.5 crore YoY
- Ebitda up 49.4% at Rs 157 crore vs Rs 105.1 crore YoY
- Ebitda Margin at 14.4% vs 13.7% YoY
- Net Profit up 40.5% at Rs 31.9 crore vs Rs 22.7 crore YoY
- Revenue up 7.5% at Rs 369.8 crore vs Rs 344.1 crore YoY
- Ebitda up 32.8% at Rs 69.2 crore vs Rs 52.1 crore YoY
- Ebitda Margin at 18.7% vs 15.1% YoY
- Net Loss at Rs 20 crore vs loss of Rs 59 crore YoY
- Revenue up 20.2% at Rs 845 crore vs Rs 703 crore YoY
- Ebitda up 54.9% at Rs 110 crore vs Rs 71 crore YoY
- Ebitda Margin at 13% vs 10.1% YoY
- Appoints Sumit Zaveri as CEO of India business
- Net Profit at Rs 36 crore vs Rs 18 crore YoY
- Revenue at Rs 319 crore vs Rs 152 crore YoY
- Ebitda up 60.5% at Rs 48 crore vs Rs 29.9 crore YoY
- Ebitda Margin at 15% vs 19.7% YoY
- Net Profit up 25.7% at Rs 13.2 crore vs Rs 10.5 crore YoY
- Total Income up 4.1% at Rs 382 crore vs Rs 367 crore YoY
- Profit down 15.1% at Rs 1,081 crore vs Rs 1,273 crore
- Total Income down 11.3% at Rs 3,044 crore vs Rs 3,432 crore
- To issue NCDs worth Rs 3,000 crore via private placement
- Net Profit at Rs 83 crore vs loss of Rs 1,689 crore YoY
- Revenue up 38.2% at Rs 2,908 crore vs Rs 2,104 crore YoY
- Ebitda at Rs 421 crore vs Rs 190 crore YoY
- Ebitda Margin at 14.5% vs 9% YoY
- Net Profit up 2.7% at Rs 131.5 crore vs Rs 128 crore
- Revenue up 4.9% at Rs 414.5 crore vs Rs 395 crore
- Ebitda up 4.2% at Rs 190.4 crore vs Rs 182.7 crore
- Ebitda Margin at 45.9% vs 46.3%
- Net Profit up 8.3% at Rs 53.6 crore vs Rs 49.5 crore YoY
- Revenue up 8.4% at Rs 412.9 crore vs Rs 381 crore YoY
- Ebitda up 8.8% at Rs 77.6 crore vs Rs 71.3 crore YoY
- Ebitda Margin at 18.8% vs 18.7% YoY
- Net Profit up 9.2% at Rs 52.2 crore vs Rs 47.8 crore YoY
- Revenue up 29.9% at Rs 178 crore vs Rs 137 crore YoY
- Ebitda up 35.2% at Rs 66.4 crore vs Rs 49.1 crore YoY
- Ebitda Margin at 37.3% vs 35.8% YoY
- Net Profit up 19.1% at Rs 194 crore vs Rs 162.5 crore YoY
- Revenue down 13.5% at Rs 1,196 crore vs Rs 1,383 crore YoY
- Ebitda up 29.5% at Rs 424.5 crore vs Rs 327.8 crore YoY
- Ebitda Margin at 35.5% vs 23.7% YoY
- Net Profit up 53% at Rs 6,516 crore vs Rs 4,259 crore YoY
- Revenue up 20.9% at Rs 44,179 crore vs Rs 36,553 crore YoY
- Ebitda up 28.9% at Rs 8,499 crore vs Rs 6,593 crore YoY
- Ebitda Margin at 19.2% vs 18% YoY
- To pay interim dividend of Rs 10.25 per share
- Net Profit down 64.6% at Rs 121 crore vs Rs 342 crore YoY
- Revenue up 7.1% at Rs 7,364 crore vs Rs 6,872 crore YoY
- Ebitda down 37% at Rs 413.4 crore vs Rs 656.5 crore YoY
- Ebitda Margin at 5.6% vs 9.6% YoY
- Net Profit up 19.5% at Rs 61.3 crore vs Rs 51.3 crore YoY
- Revenue up 24.5% at Rs 319.5 crore vs Rs 256.7 crore YoY
- Ebitda up 22.3% at Rs 97.1 crore vs Rs 79.4 crore YoY
- Ebitda Margin at 30.4% vs 30.9% YoY
- Net Profit up 10.3% at Rs 32.1 crore vs Rs 29.1 crore YoY
- Revenue up 27.5% at Rs 297 crore vs Rs 233 crore YoY
- Ebitda up 12.4% at Rs 69.8 crore vs Rs 62.1 crore YoY
- Ebitda Margin at 23.5% vs 26.7% YoY
- Net Profit up 53.9% at Rs 117 crore vs Rs 76 crore YoY
- Revenue up 3.6% at Rs 492 crore vs Rs 475 crore YoY
- Ebitda up 20.8% at Rs 161 crore vs Rs 133 crore YoY
- Ebitda Margin at 32.8% vs 28.1% YoY
- To pay interim dividend of Rs 75 per share
- Saw one-time loss of Rs 27.3 crore in Q3FY26
- Net Profit at Rs 397.7 crore vs Rs 118.7 crore YoY
- Revenue up 61.8% at Rs 3,076 crore vs Rs 1,902 crore YoY
- Ebitda at Rs 626.8 crore vs Rs 204.3 crore YoY
- Ebitda Margin at 20.4% vs 10.7% YoY
- Net Profit up 2.3% at Rs 131 crore vs Rs 128 crore YoY
- Revenue up 17.1% at Rs 1,430 crore vs Rs 1,221 crore YoY
- Ebitda up 8.2% at Rs 251 crore vs Rs 232 crore YoY
- Ebitda Margin at 17.6% vs 19% YoY
- Net Profit up 64.3% at Rs 35 crore vs Rs 21.3 crore YoY
- Revenue up 68.6% at Rs 1,962 crore vs Rs 1,163 crore YoY
- Ebitda up 61.7% at Rs 89.6 crore vs Rs 55.4 crore YoY
- Ebitda Margin at 4.6% vs 4.8% YoY
- Net Loss at Rs 25.1 crore vs loss of Rs 22.2 crore YoY
- Revenue at Rs 439 crore vs Rs 213 crore YoY
- Ebitda at Rs 6.8 crore vs Rs 0.2 crore YoY
- Ebitda Margin at 1.5% vs 0.1% YoY
- Rajesh Kumar Mittal resigns as CFO from Oct. 31
- Net Profit up 29.1% at Rs 120.8 crore vs Rs 93.6 crore YoY
- Revenue up 25.4% at Rs 986 crore vs Rs 786.3 crore YoY
- Ebitda up 29% at Rs 184.2 crore vs Rs 142.8 crore YoY
- Ebitda Margin at 18.7% vs 18.2% YoY
- Net Profit up 37.7% at Rs 154 crore vs Rs 112 crore YoY
- Total Income up 31.1% at Rs 279 crore vs Rs 213 crore YoY
- Net Profit up 51.5% at Rs 197 crore vs Rs 130 crore YoY
- Revenue up 16% at Rs 682 crore vs Rs 588 crore YoY
- Ebitda up 48% at Rs 265 crore vs Rs 179 crore YoY
- Ebitda Margin at 38.9% vs 30.5% YoY
- Net Loss at Rs 21 crore vs profit of Rs 15.4 crore YoY
- NII up 20% at Rs 39 crore vs Rs 32.5 crore YoY
- Operating Loss at Rs 21 crore vs profit of Rs 21.2 crore YoY
- Net Loss at Rs 64.6 crore vs profit of Rs 5.4 crore YoY
- Revenue down 45% at Rs 437 crore vs Rs 794 crore YoY
- Ebitda Loss at Rs 103 crore vs profit of Rs 7 crore YoY
- Net Profit up 9.8% at Rs 112 crore vs Rs 102 crore YoY
- Revenue up 39.6% at Rs 1,122 crore vs Rs 804 crore YoY
- Ebitda up 32.1% at Rs 185 crore vs Rs 140 crore YoY
- Ebitda Margin at 16.5% vs 17.4% YoY
- Net Profit up 30.7% at Rs 45.6 crore vs Rs 34.9 crore YoY
- NII up 21.9% at Rs 136.2 crore vs Rs 111.7 crore YoY
- Gross NPA at 2.36% vs 2.47% QoQ
- Net NPA at 1.12% vs 1.14% QoQ
- Provisions at Rs 3 crore vs Rs 9.4 crore QoQ and Rs 4.3 crore YoY
- Net Profit up 26.6% at Rs 71.8 crore vs Rs 56.7 crore YoY
- Revenue up 20.6% at Rs 164 crore vs Rs 136 crore YoY
- Ebitda up 24.1% at Rs 84.5 crore vs Rs 68.1 crore YoY
- Ebitda Margin at 51.5% vs 50.1% YoY
- Net Profit down 27.8% at Rs 26.6 crore vs Rs 36.9 crore YoY
- Revenue up 16.5% at Rs 212 crore vs Rs 182 crore YoY
- Ebitda up 3.6% at Rs 40.4 crore vs Rs 39 crore YoY
- Ebitda Margin at 19.1% vs 21.5% YoY