BULLS STRATEGY ( NISM CERTIFIED )️

PAT 11.70 Cr vs 21.05 Cr
(-44.42% YoY┃-81.61% QoQ)

EPS 8.10 vs 14.55 YoY & 44.00 QoQ

CORPORATE GUARANTEE
- Board approved a corporate guarantee of up to USD 55 million.
- The guarantee relates to a loan for UHG Holdings IFSC Private Limited.
- UHG Holdings IFSC Private Limited is an associate company.

KEY TAKEAWAYS
- Revenue and EBITDA exceeded estimates, while net profit missed expectations.
- Domestic cement volumes grew 13.8% YoY.
- EBITDA margin improved YoY but declined sharply QoQ.
- Cement capacity expansion continues towards the 240+ MTPA target.
- ULTRAVOLT marks entry into the wires and cables business.
- Board changes and the USD 55 million guarantee were also announced.

Muhurat Trading may shift to afternoon again as market participants urge exchanges, 2:20-3:20 pm slot under discussion: Sources

Brokers have sought daytime trading on Diwali to help market employees celebrate with families

RR MetalMakers India Ltd – OPEN OFFER UPDATE

Details regarding the mandatory open offer and share purchase agreement:

- Acquirers to purchase 63,65,924 equity shares (70.66% stake) from existing promoters

- SEBI directed enhancement of offer price from INR 23.85 to INR 36.83 per equity share

- Enhanced price includes compensatory interest of INR 12.98 per equity share

- Underlying transaction value for sale shares is INR 15.18 Cr

- Sellers to be re-classified as public shareholders upon transaction consummation

DEALING ROOM BUZZ – NDTV PROFIT
Market Buzz

ASIAN GRANITO & KAJARIA CERAMICS
- Market buzz around a potential Kajaria acquisition of Asian Granito.
- Deal remains unconfirmed.

PG ELECTROPLAST
- Buying interest reported on the HNI desk.
- Dealers expect strong Q2 earnings.

PERSISTENT SYSTEMS
- Market buzz suggests a QIP may open soon.
- No official confirmation provided.

POLYCAB INDIA
- Large HNI desk reportedly buying at lower levels.

MARATHON NEXT
- Dealers expect positive news flow.
- Potential increase in stake in one project under discussion.

Key Takeaway
- These are unverified dealing-room reports, not confirmed corporate announcements.
- Verify exchange filings before acting on the information.

Sources Say Adani Airports Sends Fresh Missive To Airlines Operating At Mumbai Airport

✈️Adani Airports Maintains Need For Capacity Reduction At Mumbai Intl Airport

✈️Mumbai Airport Reiterates Need To Cut 5 m Capacity At Intl Airport In Summer Schedule 2027

PIRAMAL FINANCE Q2FY27 :-

NII 1,428.20 Cr vs 1,018.30 Cr
(+40.25% YoY┃+6.16% QoQ)

Operating Profit (PPOP) 778.00 Cr vs 119.00 Cr
(+553.78% YoY┃+25.89% QoQ)

Provisions 235.00 Cr vs -148.00 Cr
(Reversal YoY┃-14.23% QoQ)

PAT 545.40 Cr vs 327.00 Cr
(+66.79% YoY┃+18.31% QoQ)

EPS 23.70 vs 14.42 YoY & 20.27 QoQ

HINDUSTAN ZINC Q2FY27 :-

Revenue 15,093.00 Cr vs 8,549.00 Cr
(+76.55% YoY┃+9.79% QoQ)

EBITDA 9,248.00 Cr vs 4,415.00 Cr
(+109.47% YoY┃+14.88% QoQ)

EBITDA Margin 61.27% vs 51.64% YoY & 58.56% QoQ

PAT 6,412.00 Cr vs 2,649.00 Cr
(+142.05% YoY┃+17.24% QoQ)

EPS 15.20 vs 6.30 YoY & 12.94 QoQ

Rail Vikas Nigam Ltd – CHANGE IN SENIOR MANAGEMENT

Change in senior management effective 19th October 2026:

- Shri Ashutosh Gautam relieved from services as Executive Director (Highway)

- Cessation of senior management role effective 19th October 2026 (F/N)

- Relieved to assume charge as Director (Projects) at NBCC (India) Limited

TATVA CHINTAN PHARMA CHEM Q2FY27 :-

Revenue 217.30 Cr vs 123.52 Cr
(+75.93% YoY┃+30.07% QoQ)

EBITDA 40.00 Cr vs 22.00 Cr
(+81.82% YoY┃+25.00% QoQ)

EBITDA Margin 18.41% vs 17.81% YoY & 19.16% QoQ

PAT 21.50 Cr vs 9.92 Cr
(+116.73% YoY┃+34.54% QoQ)

EPS 9.20 vs 4.24 YoY & 6.83 QoQ

L&T TECHNOLOGY SERVICES ( LTTS ) Q2FY27 :-

Revenue 3,040.40 Cr vs 2,713.00 Cr
(+12.07% YoY┃+3.41% QoQ)

EBITDA 586.00 Cr vs 474.00 Cr
(+23.63% YoY┃+6.93% QoQ)

EBITDA Margin 19.27% vs 17.47% YoY & 18.64% QoQ

PAT 548.70 Cr vs 329.20 Cr
(+66.68% YoY┃+53.65% QoQ)

EPS 51.70 vs 31.00 YoY & 33.59 QoQ

SML MAHINDRA (SML ISUZU) Q2FY27 STD. :-

Revenue 669.80 Cr vs 555.11 Cr
(+20.66% YoY┃-30.04% QoQ)

EBITDA 29.00 Cr vs 42.00 Cr
(-30.95% YoY┃-71.00% QoQ)

EBITDA Margin 4.33% vs 7.57% YoY & 10.44% QoQ

Stock Market News india:
CHOKSI LABORATORIES – PREFERENTIAL WARRANT ISSUE NOT APPROVED
Corporate Update

Key Highlights
- EGM did not approve the proposed preferential convertible warrant issue.
- Company asked BSE to close its in-principle approval application.
- No further action will be taken on the proposal.
- Promoters and proposed allottees abstained from voting.

Key Takeaway
- Proposed fundraising through warrants has been discontinued.
- Impact: Negative (Planned capital-raising opportunity has been withdrawn.)

MODERN DAIRIES Q2 FY27

Net Profit: ₹2.25 Cr ↑33% YoY | ↑5% QoQ

Revenue: ₹74.39 Cr ↓9% YoY | ↓18% QoQ

EBITDA: ₹3.78 Cr ↑39% YoY | ↓1% QoQ

Margins: 5.1% vs 3.3% YoY | 4.2% QoQ

AEROFLEX INDUSTRIES – SECURES INDIAN PATENT
Technology Update

Key Highlights
- Granted an Indian patent for braided hose assembly technology.
- Technology automatically generates 3D models of hose assemblies.
- Strengthens R&D, engineering innovation and automation capabilities.
- Company offers a portfolio of 3,300+ SKUs.
- Expanding presence in AI data centre liquid cooling solutions.

Key Takeaway
- Patent strengthens technological capabilities and product development potential.
- Liquid cooling remains a potential growth opportunity.
- Impact: Positive

UltraTech Cement  — Q2FY27 Results

Revenue ₹23295.07 Cr vs ₹19606.93 Cr
(+18.81% YoY┃-5.49% QoQ)

EBITDA ₹3721.29 Cr vs ₹3094.34 Cr
(+20.26% YoY┃-25.80% QoQ)

EBITDA Margin 15.97% vs 15.78% YoY & 20.35% QoQ

PBT (Excl. Exceptional) ₹2087.08 Cr vs ₹1661.51 Cr
(+25.61% YoY┃-40.24% QoQ)

PAT ₹1501.38 Cr vs ₹1237.98 Cr
(+21.28% YoY┃-42.34% QoQ)

PAT After Minority interest ₹1493.77 Cr vs ₹1231.58 Cr
(+21.29% YoY┃-42.53% QoQ)

Other Income ₹110.89 Cr vs ₹174.14 Cr YoY & ₹130.27 Cr QoQ

Domestic Grey Cement Sales Volume 35.94 Mn Tonnes (+13.8% YoY)

ULTRATECH CEMENT LTD Q2FY27 RESULTS
#Q2FY27

Q2 FY27 FINANCIAL PERFORMANCE
- Revenue: ₹23,295 Cr, up 19% YoY and down 5% QoQ.
- EBITDA: ₹3,721 Cr, up 20% YoY and down 26% QoQ.
- EBITDA Margin: 16.0% vs 15.8% YoY and 20.4% QoQ.
- Net Profit: ₹1,501 Cr, up 21.3% YoY and down 43% QoQ.

RESULTS VS ESTIMATES
- Revenue: ₹23,295 Cr vs ₹22,490 Cr estimate; beat by 3.58%.
- EBITDA: ₹3,721 Cr vs ₹3,610 Cr estimate; beat by 3.07%.
- Net Profit: ₹1,501 Cr vs ₹1,553 Cr estimate; miss by 3.35%.
- EBITDA Margin: 16.0% vs 16.05% estimate; miss by 5 bps.

CEMENT VOLUMES AND CAPACITY UTILISATION
- Domestic grey cement volumes rose 13.8% YoY to 35.94 MT.
- Volumes increased from 31.58 MT in the previous year.
- Capacity utilisation improved to 71% from 66% YoY.
- Growth remained strong despite monsoon-related disruptions and the West Asia crisis.
- Wider market reach, premium products and cost optimisation supported profitability.

CAPACITY EXPANSION
- Commissioned 3.6 MTPA greenfield integrated capacity at Petnikota, Andhra Pradesh.
- Added 1.0 MTPA through debottlenecking at existing cement plants.
- Locations include Visakhapatnam, Patratu and Nathdwara.
- Domestic grey cement capacity reached 204.7 MTPA as of September 30, 2026.
- Global grey cement capacity reached 210.1 MTPA, including 5.4 MTPA overseas capacity.
- Company targets capacity exceeding 240 MTPA by March 2028.

NEW WIRES AND CABLES BUSINESS
- Launched ULTRAVOLT, expanding its Building Products portfolio.
- Commissioned a state-of-the-art manufacturing facility at Jhagadia, Gujarat.
- Planned capacity involves 78,000 MT of copper consumption.
- Planned capacity also involves 24,000 MT of aluminium consumption.
- Company says its capacity could make it India's second-largest housing wires player.
- Management reported a strong initial market response.
- Pan-India distribution network expansion is underway.

BOARD CHANGES
- K.K. Maheshwari will step down as Non-Executive Vice Chairman from January 1, 2027.
- The decision follows other engagements and personal commitments.
- K.C. Jhanwar will become Non-Executive Vice Chairman from January 1, 2027.
- His Managing Director term ends on December 31, 2026.
- The Board approved these changes on October 19, 2026.

EPS 2.50 vs 1.60 YoY & 2.64 QoQ

H1 FY27 FINANCIAL PERFORMANCE
- Revenue: ₹4,456.77 Cr, up 132.81% YoY.
- EBITDA: ₹1,103.27 Cr, up 347.94% YoY.
- EBITDA Margin: 24.75%, up 1,188 bps YoY.
- PBT: ₹870.12 Cr, up 1,311.62% YoY.
- PAT: ₹639.86 Cr, up 1,401.31% YoY.
- PAT Margin: 14.36%, up 1,213 bps YoY.

ORDER BOOK AND REVENUE VISIBILITY
- Order book stood at ₹28,911 Cr.
- Provides revenue visibility for up to six years and beyond.
- A strong pipeline of additional orders remains at advanced stages.
- International opportunities are steadily converting into firm contracts.

FY27 GROWTH OUTLOOK
- Management expects at least 80% revenue growth over FY26.
- Outlook reflects current expectations, business visibility and momentum.
- HFCL aims to achieve ₹10,000 Cr revenue much earlier than FY29.
- Management had previously envisaged this milestone by FY29.

CAPEX AND CAPACITY EXPANSION
- Planned investment of approximately ₹1,800 Cr.
- Investment covers optical fibre, cable and preform manufacturing.
- Focus remains on expanding capacity and deepening integration.
- Advanced optical fibre cables and data centre connectivity solutions strengthen its portfolio.

DEMAND DRIVERS
- Demand is accelerating across AI infrastructure.
- Hyperscale data centres are creating additional opportunities.
- Telecom network demand remains strong.
- International hyperscalers and telecom operators are converting opportunities into firm contracts.

DEFENCE AND AEROSPACE BUSINESS
- Management sees Defence and Aerospace as its next major growth engine.
- Portfolio includes thermal weapon sights and electronic fuzes.
- Other offerings include surveillance radars and Multi-Mode Hand Grenades.
- Aerostructures also form part of the business portfolio.
- Aerospace business acquisition is expected to complete this quarter.
- Management remains on track for approximately ₹500 Cr Defence revenue in FY27.

MANAGEMENT COMMENTARY
- Management called this HFCL's best-ever quarterly performance.
- Described the quarter as a defining moment in its growth journey.
- Results reflect increasing scale, strength and business momentum.
- Management expressed confidence in sustained growth and long-term stakeholder value.
- Order book exceeds ₹28,900 Cr, providing multi-year revenue visibility.
- Additional orders remain in an advanced pipeline.
- FY27 revenue growth guidance has increased to at least 80%.
- The ₹10,000 Cr revenue milestone could arrive earlier than previously planned.
- Planned ₹1,800 Cr investment supports capacity expansion and deeper integration.
- Optical fibre cables and data centre connectivity remain key growth areas.

LONG-TERM GROWTH STRATEGY
- Optical fibre cable and connectivity solutions remain key pillars.
- Telecom continues as a core business pillar.
- Defence and Aerospace is expected to become another major growth engine.
- Combined businesses should improve revenue diversification and resilience.
- Management expects these pillars to support long-term revenue and profitability sustainability.

KEY TAKEAWAYS
- HFCL delivered record quarterly revenue and profitability.
- PAT increased 448.14% YoY, with margins improving substantially.
- The ₹28,911 Cr order book provides significant business visibility.
- Management expects at least 80% FY27 revenue growth.
- Planned ₹1,800 Cr capex will expand manufacturing capacity.
- Defence and Aerospace targets approximately ₹500 Cr revenue in FY27.
- Execution, order conversion and capacity expansion remain key monitorables.

SUMEET KARIWALA,GOLDMAN SACHS

Banks' Asset Quality Trends Have Been Really Good, Revenue Growth Can Drive Rerating For Banks

Private Banks Trading At Low Valuations Despite Improving Asset Quality Trends

Expect Core PPOP Growth To Accelerate To 17% From The Current 9%

Some Loan Growth May Shift Back To Bond Markets As They Recover

BHANSALI ENGINEERING POLYMERS ( BEPL ) Q2FY27 :-

Revenue 403.40 Cr vs 325.10 Cr
(+24.09% YoY┃-14.56% QoQ)

EBITDA 79.00 Cr vs 49.00 Cr
(+61.22% YoY┃-4.82% QoQ)

EBITDA Margin 19.58% vs 15.07% YoY & 17.58% QoQ

PAT 62.50 Cr vs 40.45 Cr
(+54.51% YoY┃-4.73% QoQ)

Stock Market News india:
Sugar Stocks (-ve)

India Halts Sugar Diversion to Ethanol After El Nino Hurts Crops

Q2 AI REV CHECK - LTM LEADS

LTM : 13.4% OF QUARTERLY REV
TCS : 10.3% OF ANNUALIZED REV
HCLT : 5.9% OF QUARTERLY REV

Cancer drug prices to fall as government acts on 137 cancer drugs.

ACME SOLAR – SIGNS 300 MW / 1,200 MWh SECI FDRE PPA

Order Highlights
- Subsidiary ACME Greentech Twenty signed a PPA with SECI.
- Contract covers 300 MW capacity and 1,200 MWh storage.
- Project falls under the FDRE-IX tranche.
- Tariff fixed at ₹6 per unit.
- PPA effective date: October 6, 2026.
- Assured peak supply for four hours daily.
- Minimum monthly availability requirement stands at 90%.
- Project integrates solar power and battery energy storage.
- Existing night-time connectivity will be utilised.

Portfolio Update
- PPA-signed under-construction capacity reached 4,310 MW.
- Total under-construction contracted capacity stands at 5,380 MW.
- Total contracted portfolio reached 8,370 MW.
- Operational capacity stands at approximately 3,123 MW.
- Operational battery storage capacity stands at 4.96 GWh.

Key Takeaway
- New PPA strengthens dispatchable renewable energy capacity.
- Assured peak supply improves the portfolio's commercial profile.
- Higher PPA coverage supports execution and revenue visibility.
- Impact: Positive

ALEMBIC PHARMA:

CO. RECEIVES USFDA FINAL APPROVAL FOR CIPROFLOXACIN AND DEXAMETHASONE OTIC SUSPENSION USP, 0.3% / 0.1%; THIS SUSPENSION HAS ANNUAL US SALES OF USD 110M

FEDERAL BANK:

CO SAYS NIIM TO IMPROVE AHEAD  CASA RATIO WILL TURN UPWARDS  ON TRACK TO MEET BUSINESS GUIDANCE: INTERVIEW

RPSG VENTURES Q2 SHAREHOLDING :

PORINJU VELIYATH'S FUND NAME IN Q2 SHAREHOLDING WITH 1.07 % V BELOW 1 % STAKE IN Q1

RUBIO - TRADE DEAL WITH INDIA CLOSE TO FINALISATION

ALLIED BLENDERS AND DISTILLERS LTD: CO. COMMENCES COMMERCIAL OPERATIONS AT MORADABAD BOTTLING FACILITY; INITIAL CAPACITY OF 6 MILLION CASES PER ANNUM; PART OF ₹600 CRORE INVESTMENT IN UTTAR PRADESH.

HUL, Nestle off highs, get FSSAI notice on misleading claims

RISHABH INSTRUMENTS:

STRATEGIC SALE MAY SEE DEVELOPMENTS THIS WEEK; OPEN OFFER COULD FOLLOW - SOURCES

Tata Consultancy Services Ltd – TCS BANCS FOR TREASURY ENTRY INTO SRI LANKA

TCS expands partnership with Indian Bank to deploy treasury platform in Colombo:

- Deploying TCS BaNCS for Treasury at Indian Bank’s Colombo branch

- Marks the entry of TCS BaNCS for Treasury into Sri Lanka

- Platform to modernize money markets, investment management, and foreign exchange operations

- Extends existing deployment from Indian Bank's India and GIFT City operations

- Enables real-time risk visibility, straight-through processing, and unified deal processing

Union Bank of India — Q2FY27 Results

Standalone*
PPOP ₹8107.60 Cr vs ₹6813.95 Cr
(+18.99% YoY┃+1.31% QoQ)

PBT ₹7406.85 Cr vs ₹5417.22 Cr
(+36.73% YoY┃+5.46% QoQ)

PAT ₹5537.20 Cr vs ₹4249.08 Cr
(+30.32% YoY┃+3.84% QoQ)

Provisions ₹700.75 Cr vs ₹1396.73 Cr
(-49.83% YoY┃-28.45% QoQ)

GNPA 2.42% vs 3.29% YoY & 2.65% QoQ

NNPA 0.42% vs 0.55% YoY & 0.47% QoQ

Consolidated*
PAT ₹5781.00 Cr vs ₹4425.95 Cr
(+30.62% YoY┃+2.47% QoQ)

HFCL — Q2FY27 Results

Revenue ₹2541.79 Cr vs ₹1043.34 Cr
(+143.62% YoY┃+32.73% QoQ)

EBITDA ₹630.54 Cr vs ₹190.33 Cr
(+231.29% YoY┃+52.26% QoQ)

EBITDA Margin 24.81% vs 18.24% YoY & 21.63% QoQ

PBT ₹538.60 Cr vs ₹106.34 Cr
(+406.49% YoY┃+62.46% QoQ)

PAT ₹394.22 Cr vs ₹71.92 Cr
(+448.14% YoY┃+60.49% QoQ)

PAT After Minority interest ₹362.91 Cr vs ₹67.86 Cr
(+434.79% YoY┃+58.75% QoQ)

Other Income ₹27.46 Cr vs ₹13.04 Cr YoY & ₹31.15 Cr QoQ

HFCL LTD Q2FY27 RESULTS
#Q2FY27

Q2 FY27 FINANCIAL PERFORMANCE
- Revenue: ₹2,541.79 Cr, up 143.62% YoY and 32.73% QoQ.
- EBITDA: ₹658.00 Cr, up 223.55% YoY and 47.78% QoQ.
- EBITDA Margin: 25.89%, up 640 bps YoY and 264 bps QoQ.
- PBT: ₹538.60 Cr, up 406.49% YoY and 62.46% QoQ.
- PAT: ₹394.22 Cr, up 448.14% YoY and 60.49% QoQ.
- PAT Margin: 15.51%, up 862 bps YoY and 268 bps QoQ.

- Ascent Circuits FY25-26 turnover reported at INR 401.87 Cr

- Ascent Circuits FY24-25 turnover reported at INR 325.17 Cr

Amber Enterprises India Ltd – ACQUISITION OF ASCENT CIRCUITS

Material subsidiary IL JIN Electronics (India) Limited enters share swap agreement to acquire remaining stake in Ascent Circuits:

- IL JIN to acquire 1.50% equity stake (23,401 shares) in Ascent Circuits via share swap

- Ascent Circuits to become a 100% wholly-owned subsidiary of IL JIN and Amber Enterprises

- Consideration involves issuance of 13,120 Compulsorily Convertible Preference Shares (CCPS A2) at INR 10,000 per share

- No cash consideration involved in the transaction

- Ascent Circuits FY25-26 turnover: INR 401.87 Cr

- Ascent Circuits FY24-25 turnover: INR 325.17 Cr

Stock Market News india:
Gold and Jewellery - Sky Gold, TBZ, PC JEWELERS, PNGS Reva, Deepa Jewel, Lalithaa Jewel, AJC Jewel, Titan, Kalyan, PN Gadgil

Consumption – Shadowfax, Cupid, Timex, Ethos, Milky Mist, HOAC Foods

Optical Fiber - Sterlite Technologies and HFCL

GPUs, Supercomputers- ESDS, E2E networks, Netweb

Cooling – Aeroflex, KRN Heat Exchanger

Pharma / CDMO - Morepen lab, Sakar Healthcare , Aarti Pahrma, Shilpa Medicare, Sai Life, Laurus Lab, Kwality Pharma, Gland Pharma, Sudeep Pharma, Acutaas, Divis lab, Beta Drugs, Neuland

Capital Goods - Marine Electricals, Aditya Infotech, Indo-MIM, Syrma SGS, Welspun Corp, Man Industries

Precision Engineering- Omnitech, MTAR Tech, Sansera engineering, Azad Engineering, Aequs

Power Infrastructure - TD Power Systems, GE Vernova T&D, Yash High voltage, Pitti Engineering, Kirloskar Oil Engines, ABB India, Siemens India, Siemens Energy, Schneider Electric, Hitachi Energy India, Cummins India, CG Power, Quality Power

Cables– Prime Cable, VMarc, Dynamic cable, RR Kabel, KSH International, Finolex, Universal Cable, Polycab

Auto and Auto ancillary - Sedemac Mechatronics, Ather Energy, Lumax Auto Tech, SJS, Divgi torq, Craftsman Automation, Uno Minda, Sona BLW, Bosch, Gabriel India, TVS Motor Bajaj Auto, Rolex rings, OBSC Perfection, Pricol, Steel Strips

Karamtara Engineering Ltd – INCORPORATION OF WHOLLY OWNED SUBSIDIARY

Board approval for new subsidiary incorporation:

- Proposed name: Karamtara Defence & Aerospace Limited

- Industry focus: Defence, aerospace, engineering, and allied activities

- Business activities: Manufacturing, technology development, and research & development

- Ownership: 100% Wholly Owned Subsidiary (WOS)

- Subscription details: 100% share capital subscription in cash at face value of INR 10 per share

FSSAI has issued notices to Nestlé India and HUL over alleged misleading product claims and labelling violations.

HUL has been asked to respond within the stipulated period. Here’s what the food regulator has flagged against the two FMCG giants.

POSTIVE FOR DIVIS LABS

Orforglipron has received positive CHMP in Europe.

This is +Ve for Divi's Lab as ANALYSTS think Divis is most likely to be intermediate supplier of Orforglipron.

Vedanta Ltd – ZINC PRODUCTION CAPACITY DOUBLED IN SOUTH AFRICA

Vedanta Limited announces expansion of South African zinc operations:

- Doubled annual zinc production capacity to 500,000 tonnes at Gamsberg (Phase II)

- Investment of nearly US$ 600 Mn made at Vedanta Zinc International (VZI)

- Targets 3 million tonnes total annual zinc production across India and South Africa

- Vision includes 2 million tonnes from Hindustan Zinc and 1 million tonnes from VZI

- Part of a ZAR 21 Bn (nearly US$ 1.5 Bn) total investment commitment in South Africa

The UK Navy reports attacks on two tankers northeast of Saudi Arabia’s Jubail, with one hit by an RPG and another by an unknown projectile.

All crew members are safe and have been evacuated

IRAN ON HORMUZ TANKER STRIKE, SAUDI-YEMEN CONFLICT

Iran says another oil tanker struck a mine in the Strait of Hormuz on Saturday.

Iran says it is ready to help resolve the Saudi-Yemen conflict.

Iran rejects allegations of involvement in Yemeni operations.

Says Yemen's armed forces act based on their own interests and assessments.

Iran says escalating tensions is in no party's interest.

Says foreign intervention, military action and blockades are not solutions.

Amber Enterprises India Ltd – SHARE SWAP AGREEMENT FOR WHOLLY OWNED SUBSIDIARY

Material subsidiary IL JIN Electronics (India) Limited enters share swap agreement to acquire remaining stake in Ascent Circuits Private Limited:

- IL JIN to acquire 23,401 equity shares (1.50% stake) of Ascent Circuits

- Acquisition via issuance of 13,120 Compulsorily Convertible Preference Shares (CCPS A2)

- CCPS A2 issued at INR 10,000 per share (Face value INR 10 plus INR 9,990 premium)

- Transaction results in Ascent Circuits becoming a 100% wholly-owned subsidiary of IL JIN

Lagnam Spintex
#Lagnam
Solid Q2FY27 with big QoQ and YoY uptick across all parameters
Rev at 172cr vs 132cr, Q1 at 166cr
PBT at 12cr vs 0.4cr, Q1 at 9cr
PAT at 8cr vs 0.3cr, Q1 at 6cr
OCF at -2cr vs 73cr in March

Parin Enterprises
#Parin
Solid H1FY27 with big uptick vs H2FY26 and H1FY26
Rev at 85cr vs 15cr, Q1 at 51cr
PBT at 9cr vs 1.6cr, Q1 was a loss qtr
PAT at 8.2cr vs 0.9cr, Q1 was a loss qtr
OCF at -1cr vs -5cr

ICICI Bank
#ICICIBank
Solid 20%+ YoY growth in PPOP, PBT and PAT
NII ⏫18% YoY
PPOP at 24010cr vs 19973cr, Q1 at 22604cr
PBT at 23114cr vs 19065cr, Q1 at 21207cr
Asset quality good
GNPA and NNPA sharply down QoQ and YoY
30% loan growth on that base 🔥

Bajaj Healthcare
#BajajHCare
Rev at 176cr vs 147cr⏫18%, Q1 at 165cr
EBITDA ⏫ 12% at 30cr vs 27cr
PBT at 18.4cr vs 16cr, Q1 at 16.4cr
PAT at 14cr vs 11cr, Q1 at 13.6cr
OCF at 16cr vs 50cr

India Cements
#IndiaCem
Good Q2FY27 in a challenging environment
Rev at 1142cr vs 1117cr, flattish
EBITDA at 144cr vs 81cr ⏫78%
OPM at 12.6% vs 7.2%
PBT at 52cr vs 10cr, Q1 at 61cr
PAT at 39cr vs 9cr Q1 at 27cr
OCF at 307cr vs -28cr

Central Bank of India
#CentralBank
#CentralBk
Rev⏫15%
NII ⏫26% YoY, healthy growth
PPOP at 2268cr vs 1782cr, Q1 at 2186cr
PBT at 1705cr vs 1471cr, Q1 at 1784cr
GNPA and NNPA down QoQ and YoY
RoA at 1.03% vs 1.01%

Decent:
#AxisBank
Beats estimates on NII and PPOP
Rev⏫13%, PPOP ⏫ 10%, flat QoQ
Lower provisions with provisions down 52%
PBT at 10351cr vs 7496cr, Q1 at 10161cr
PAT ⏫38%
Asset quality improves well
GNPA and NNPA down QoQ and YoY
RoA at 1.38% vs 1.23%

Stock Market News india:
Central Bank of India — Q2FY27 Results

Standalone**
PPOP ₹2268.30 Cr vs ₹1785.62 Cr
(+27.03% YoY┃+3.76% QoQ)

PBT ₹1705.56 Cr vs ₹1471.48 Cr
(+15.91% YoY┃-4.42% QoQ)

PAT ₹1468.86 Cr vs ₹1212.88 Cr
(+21.11% YoY┃+10.97% QoQ)

Provisions ₹562.74 Cr vs ₹314.14 Cr
(+79.14% YoY┃+40.12% QoQ)

GNPA 2.39% vs 3.01% YoY & 2.60% QoQ

NNPA 0.31% vs 0.48% YoY & 0.49% QoQ

Consolidated*
PAT ₹1485.99 Cr vs ₹1231.79 Cr
(+20.64% YoY┃+12.31% QoQ)

Axis Bank  — Q2FY27 Results

Standalone*
PPOP ₹11083.08 Cr vs ₹10412.53 Cr
(+6.44% YoY┃-4.94% QoQ)

PBT ₹9389.34 Cr vs ₹6865.49 Cr
(+36.76% YoY┃-0.50% QoQ)

PAT ₹7003.28 Cr vs ₹5089.64 Cr
(+37.60% YoY┃-1.56% QoQ)

Provisions ₹1693.74 Cr vs ₹3547.04 Cr
(-52.25% YoY┃-23.79% QoQ)

GNPA 1.16% vs 1.46% YoY & 1.28% QoQ

NNPA 0.35% vs 0.44% YoY & 0.39% QoQ

Consolidated*
PAT ₹7704.67 Cr vs ₹5527.85 Cr
(+39.38% YoY┃+0.95% QoQ)

ICICI Bank — Q2FY27 Results

Standalone*
PPOP ₹20575.23 Cr vs ₹17297.96 Cr
(+18.95% YoY┃+0.93% QoQ)

PBT ₹19724.54 Cr vs ₹16383.85 Cr
(+20.39% YoY┃+3.13% QoQ)

PAT ₹14843.03 Cr vs ₹12358.89 Cr
(+20.10% YoY┃+0.26% QoQ)

Provisions ₹850.69 Cr vs ₹914.11 Cr
(-6.94% YoY┃-32.51% QoQ)

GNPA 1.20% vs 1.58% YoY & 1.38% QoQ

NNPA 0.30% vs 0.39% YoY & 0.35% QoQ

Consolidated*
PAT ₹16333.18 Cr vs ₹13357.06 Cr
(+22.28% YoY┃+5.78% QoQ)

HDFC BANK — Q2FY27 RESULTS

DEPOSIT PERFORMANCE
- Total Balance Sheet ₹45.78 Lakh Cr (+14.3% YoY)
- Average Deposits ₹31.66 Lakh Cr (+16.8% YoY, +5.1% QoQ)
- Average CASA Deposits ₹9.71 Lakh Cr (+10.7% YoY, +1.5% QoQ)
- Total EOP Deposits ₹33.27 Lakh Cr (+18.8% YoY)
- CASA Deposits ₹10.52 Lakh Cr (+10.8% YoY)
- CASA Share 31.6% of Total Deposits
- Time Deposits ₹22.76 Lakh Cr (+22.8% YoY)

ADVANCES PERFORMANCE
- Average Advances Under Management ₹31.87 Lakh Cr (+14.1% YoY, +4.9% QoQ)
- Gross Advances ₹32.20 Lakh Cr (+16.3% YoY, +5.2% QoQ)
- Retail Loans (+11.7% YoY)
- SME Loans (+23.5% YoY)
- Corporate and Wholesale Loans (+16.4% YoY)

FINANCIAL PERFORMANCE
- Net Interest Income ₹34,620 Cr (+9.7% YoY, +3.2% QoQ)
- Non-Interest Income ₹13,830 Cr (-3.6% YoY, +7.9% QoQ)
- Net Revenue ₹48,450 Cr (+5.6% YoY, +4.5% QoQ)
- Operating Expenses ₹18,970 Cr (+5.5% YoY, +4.3% QoQ)
- Provisions ₹3,570 Cr (+2.1% YoY, +16.8% QoQ)
- PBT ₹25,910 Cr (+6.1% YoY, +3.2% QoQ)
- PAT ₹19,510 Cr (+4.7% YoY, +2.4% QoQ)
- PAT Excluding Treasury Trading Gains ₹18,930 Cr (+12.6% YoY, +1% QoQ)

PROFITABILITY & ASSET QUALITY
- NIM 3.16% vs 3.27% YoY and 3.26% QoQ
- ROA 1.78%
- ROE 13.5%
- Credit Cost 0.32% vs 0.37% YoY and 0.29% QoQ
- Gross NPA 1.11% vs 1.24% YoY and 1.17% QoQ
- Net NPA 0.37% vs 0.42% YoY and 0.41% QoQ

CONSOLIDATED PERFORMANCE
- Net Revenue ₹78,690 Cr (+9.6% YoY, -7.9% QoQ)
- PBT ₹28,660 Cr (+7.5% YoY, +5.4% QoQ)
- PAT ₹20,700 Cr (+5.6% YoY, +7.6% QoQ)

KEY TAKEAWAYS
- Deposits grew 18.8% YoY on an EOP basis
- Gross advances increased 16.3% YoY
- NII grew 9.7% YoY
- PAT increased 4.7% YoY
- Adjusted PAT grew 12.6% YoY
- NIM declined 10 bps sequentially
- Gross and net NPAs improved year-on-year
- Provisions increased 16.8% QoQ

Kross Ltd
#Kross
Hits it out of the park
Blockbuster Q2FY27
Highest ever revenue, EBITDA, PBT and PAT in comps history
Good QoQ and YoY uptick across all parameters
Rev at 235cr vs 131cr, Q1 at 184cr
EBITDA at 31cr vs 14.7cr⏫107% YoY, ⏫ 36% QoQ
OPM at 13% vs 11%
PBT at 27cr vs 12cr⏫128%, Q1 at 18cr⏫51% QoQ
PAT at 20cr vs 9cr⏫143%, Q1 at 13cr⏫48% QoQ
Big growth with solid margin expansion
OCF at 5cr

Le Travenues Technology
IXIGO
#IXIGO
Decent Q2FY27
Good uptick YoY,lower QoQ
Seasonality and lumpiness in terms of QoQ due to nature of the business
Rev at 321cr vs 285cr, Q1 at 356cr
PBT at 31cr vs -4cr, Q1 at 44cr
FreshBus partial stake sale adds another 40cr to PAT
PAT at 72cr vs -4cr, Q1 at 44cr
OCF at 76cr vs 91cr
Hotels business delivers a good quarter
GTV⏫22% at 5304cr
Hotels GTV growth of 159%
Flights GTV ⏫ 37%
Buses GTV ⏫ 32%

Apollo Pipes Ltd has approved the allotment of 20,00,000 equity shares to KITARA PIIN 2401 upon conversion of warrants. The allotment follows receipt of the balance consideration of ₹82.50 Cr.

JUNIPER GREEN ENERGY: CO SUBSIDIARY COMMISSIONS 65.40 MW WIND CAPACITY, AGGREGATE OPERATIONAL CAPACITY RISES TO ~2,811 MWP AND ~603 MWH BESS

Stock Market News india:
Ganesha Ecosphere

Ganesha Ecosphere’s subsidiary, Ganesha Ecopet, receives FSSAI approval for its fourth recycled PET (rPET) production line. The approval is valid for two years.

BOFA WARNS AI BOOM COULD FOLLOW HISTORIC BUST CYCLES

Bank of America warns that the AI investment boom is showing signs of a classic capital-cycle risk: surging spending, intensifying competition and falling prices.

Hyperscaler capital expenditure expectations have jumped from $330 billion to $1 trillion, equivalent to roughly 3% of U.S. GDP.

Meanwhile, AI token prices have fallen around 50% since summer, raising concerns that growing usage may not translate into sufficient revenue.

The key risk: AI technology could succeed while investors suffer from overinvestment and declining returns.

🏭 ANUH PHARMA: ACQUIRES TARAPUR MANUFACTURING FACILITY FOR ₹72.90 CR

• Acquisition: Entered into an Asset Transfer Agreement with Vanquest Pharma Pvt. Ltd.

• Location: Tarapur, Maharashtra.

• Deal Value: ₹72.90 Cr, excluding applicable taxes.

• Assets: Land, building, plant and machinery.

• Capacity Addition: Expected to increase production capacity by 525 MTPA.

• Purpose: Expand manufacturing of APIs and intermediates.

• Payment: Cash consideration; no share issuance.

• Related Party Transaction: No.

B-RIGHT REALESTATE:

CO PLANS TO LAUNCH 2 PROJECTS IN NEXT 6 MONTHS, ADDS 3 NEW SITES WITH ₹1,993 CRORE GDV IN H1 FY27

OIL PRICES RISE TO SESSION HIGHS, BRENT TRADES NEAR $107/BBL

• Order Value: ₹149.50 Cr (including GST); ₹126.70 Cr excluding GST.

• Scope: Railway signalling upgrades at 18 stations, including replacement of existing PI stations with EI, MSDAC and integrated block-working systems.

• Work includes design, supply, installation, programming, testing and commissioning.

• Execution Timeline: 730 days from the appointed date.

• Total Outstanding Order Book: ₹5,538 Cr.

• FY27 Order Inflow: ₹1,364 Cr.

Tejas Networks  — Q2FY27 Results

Revenue ₹405.68 Cr vs ₹261.82 Cr
(+54.95% YoY┃+0.88% QoQ)

EBITDA -₹106.64 Cr vs -₹293.70 Cr YoY & -₹100.36 Cr QoQ

EBITDA Margin -26.29% vs -112.18% YoY & -24.96% QoQ

PBT -₹276.88 Cr vs -₹472.99 Cr YoY & -₹270.81 Cr QoQ

PAT -₹206.94 Cr vs -₹307.13 Cr YoY & -₹202.24 Cr QoQ

Other Income ₹7.77 Cr vs ₹6.01 Cr YoY & ₹8.97 Cr QoQ

E2E NETWORKS Q2FY27 :-

Revenue 223.80 Cr vs 44.00 Cr
(+408.64% YoY┃+42.70% QoQ)

EBITDA 172.00 Cr vs 18.00 Cr
(+855.56% YoY┃+45.76% QoQ)

EBITDA Margin 76.86% vs 40.91% YoY & 75.29% QoQ

PAT 73.00 Cr vs -14.00 Cr
(+621.43% YoY┃+65.91% QoQ)

EPS 3.50 vs -0.70 YoY & 2.10 QoQ

Stock Market News india:
Jayaswal Neco Industries
#JayNecoInd
#JayaswalNeco
Solid QoQ and YoY uptick across all parameters
Good Q2FY27
Highest ever revenue, EBITDA, PBT and PAT in comps history
Solid margin expansion QoQ and YoY
Rev at 2194cr vs 1781cr, Q1 at 2106cr
PBT at 307cr vs 143cr, Q1 at 265cr
PAT at 230cr vs 105cr, Q1 at 195cr
OCF at 968cr vs 670cr

Crompton Greaves Consumer Electrical
#Crompton
Good Q2FY27 with solid YoY uptick
Business has seasonality
So QoQ isn't comparable
8-9% earnings beat vs estimates
Rev at 2263cr vs 1915cr, Q1 at 2235cr
EBITDA at 200cr vs 158cr with OPM at 9.1% vs 8.3%
PBT at 167cr vs 123cr
PAT at 124cr vs 75cr
OCF negative as inventory has increased meaningfully

Indo Rama Synthetics
#IndoRama
Good Q2FY27 with decent QoQ and solid YoY uptick across all parameters
Rev at 1340cr vs 1220cr, Q1 at 937cr
EBITDA at 118cr vs 80cr, Q1 at 108cr
PBT and PAT at 74cr vs 25cr, Q1 at 64cr
OCF at 328cr vs 91cr

Raghav Productivity Enhancers
#RPEL
Good Q2FY27 with solid QoQ and YoY uptick across all parameters
Richly valued, growth has been superb
Highest ever set
Rev at 93cr vs 64cr, Q1 at 87cr
PBT at 27cr vs 17cr, Q1 at 25cr
PAT at 22cr vs 14cr, Q1 at 19.5cr
OCF at 18cr vs 16cr

Modison Ltd
#Modison
Margins down QoQ sharply
Rev, EBITDA, PBT and PAT up 2x YoY
Rev at 279cr vs 145cr, Q1 at 270cr
PBT at 31cr vs 16cr, Q1 at 46cr
PAT at 23cr vs 12cr, Q1 at 34cr

Shoppers Stop
#ShoppersStop
Decent margin expansion
Sales growth tepid
EBITDA at 196cr vs 170cr
Higher other income leads to PBT and PAT positive vs loss
OCF at 327cr vs 368cr

Himadri Speciality Chemicals
#Himadri
#HSCL
#HimadriSplty
Good Q2FY27 with highest ever revenue, EBITDA, PBT and PAT in comps history
Some margin pressure due to elevated RM prices
Very good YoY uptick, decent QoQ uptick adjusted for higher other income last qtr
35%+ growth in EBITDA, PBT and PAT
58%+ growth in revenue
Rev at 1691cr vs 1071cr, Q1 at 1432cr
EBITDA at 315cr vs 232cr, Q1 at 287cr
300+cr EBITDA for a single quarter for the first time
OPM steady at 19% vs 20% QoQ, last year Q2 was 21.6%
PBT at 307cr vs 243cr, Q1 at 285cr
PAT at 231cr vs 182cr, Q1 at 214cr

Bajaj Housing Finance
#BajajHsng
Rev at 3251cr vs 2748cr, Q1 at 3063cr
PBT at 980cr vs 833cr, Q1 at 929cr
PAT at 757cr vs 643cr, Q1 at 715cr
GNPA slightly higher YoY, NNPA at 0.12%

Paushak Ltd
#Paushak
Good YoY, flattish QoQ
Rev at 89cr vs 59cr, Q1 at 84cr
PBT at 19cr vs 11cr,flat QoQ
PAT at 13.5cr vs 9cr, Q1 at 15cr
OCF at 41cr vs 25cr

Supreme Power Equipment
#SupremePower
Good H1FY27 with decent uptick vs H2FY26
H2FY27 should be much better given the orderbook
Rev at 135cr vs 75cr, H2 at 106cr
PBT at 18.6cr vs 12.8cr, H2 at 15.6cr
PAT at 13.6cr vs 9.4cr, H2 at 11cr
OCF at -6cr vs 26cr
Recievables and inventory sees an uptick

Bright Outdoor Media
#Bright
Rev at 71cr vs 57cr, H2 at 63cr
PBT at 14.6cr vs 12.2cr, H2 at 13.5cr
PAT at 11cr vs 9cr, H2 at 10cr
OCF at 0.6cr

Decent:

#LTM
Rev⏫13.6% YoY, ⏫ 1.7% QoQ
EBIT ⏫ 11.8% YoY, ⏫ 2.4% QoQ
Strong pipeline

DLF — Q2FY27 Results

Revenue ₹1260.58 Cr vs ₹1643.04 Cr
(-23.28% YoY┃-1.54% QoQ)

EBITDA ₹23.02 Cr vs ₹283.56 Cr
(-91.88% YoY┃-84.68% QoQ)

EBITDA Margin 1.83% vs 17.26% YoY & 11.74% QoQ

PBT (Excl. Exceptional) ₹1003.32 Cr vs ₹809.66 Cr
(+23.92% YoY┃+137.33% QoQ)

PAT Before Share of JV/Associates ₹802.07 Cr vs ₹768.53 Cr
(+4.36% YoY┃+160.35% QoQ)

PAT ₹1301.35 Cr vs ₹1180.09 Cr
(+10.28% YoY┃+63.92% QoQ)

Other Income ₹1036.72 Cr vs ₹618.76 Cr YoY & ₹325.22 Cr QoQ

In Q2FY26 Exceptional Gain of ₹235.19 Cr

Paushak  — Q2FY27 Results

Revenue ₹89.32 Cr vs ₹58.78 Cr
(+51.96% YoY┃+6.91% QoQ)

EBITDA ₹26.36 Cr vs ₹14.80 Cr
(+78.11% YoY┃+2.77% QoQ)

EBITDA Margin 29.51% vs 25.18% YoY & 30.70% QoQ

PBT ₹18.60 Cr vs ₹11.34 Cr
(+64.02% YoY┃-2.21% QoQ)

PAT ₹13.51 Cr vs ₹8.61 Cr
(+56.91% YoY┃-10.53% QoQ)

Other Income ₹2.03 Cr vs ₹1.05 Cr YoY & ₹3.15 Cr QoQ

🚆 GPT INFRAPROJECTS: WINS ₹149.50 CR WESTERN RAILWAY ORDER

• Order secured by its wholly owned subsidiary, Alcon Builders and Engineers Pvt. Ltd.

• Client: Western Railway, Bhavnagar Division.

Stock Market News india:
SG Finserve — Q2FY27 Results

Total Revenue ₹160.94 Cr vs ₹74.67 Cr
(+115.54% YoY┃+18.24% QoQ)

PBT ₹79.38 Cr vs ₹38.44 Cr
(+106.50% YoY┃+10.87% QoQ)

PAT ₹58.80 Cr vs ₹28.40 Cr
(+107.06% YoY┃+9.55% QoQ)

LEMON TREE HOTELS: SIGNS MOU FOR 4,000 HOTEL KEYS

- Signed an MOU with Omaxe Limited through Carnation Hotels.
- Plans to operate approximately 4,000 keys across multiple Indian destinations.
- Locations include Lucknow, Vrindavan, Amausi, Amritsar and Ghaziabad.
- Other destinations: Greater Noida, Kaushambi and Faridabad.
- Properties planned across transit hubs, pilgrimage centres and commercial districts.
- Total development pipeline increases to nearly 16,000 keys.
- Expansion targets Tier-2 and Tier-3 cities.
- Strategy: Asset-light expansion model.
- Impact: Positive — Expands the development pipeline with limited asset ownership requirements.

E2E Networks
#E2ENetworks
#E2E
Solid Q2FY27 with good QoQ and YoY uptick across all parameters
Blockbuster set
Rev at 224cr vs 44cr, Q1 at 157cr
PBT at 97cr vs -18cr, Q1 at 48cr
PAT at 82cr vs -16cr, Q1 at 40cr
OCF at 396cr vs 122cr🙌
75% OPM

SG Finserve
#SGFin
#SGFinserv
Solid Q2FY27 with good QoQ and YoY uptick across all parameters
Rev at 161cr vs 75cr, Q1 at 137cr
PBT at 79cr vs 38cr, Q1 at 71cr
PAT at 59cr vs 28cr, Q1 at 54cr
Highest ever set in company's history
Should comfortably beat FY27 guidance
Nil NPAs

Ujjivan SFB
#UjjivanSFB
Solid Q2FY27 with very good QoQ and YoY uptick across all parameters
PPOP at 597cr vs 548cr QoQ
Rev at 2448cr vs 1938cr, Q1 at 2280cr
PPOP at 593cr vs 395cr
PBT at 391cr vs 160cr, Q1 at 421cr
PAT at 365cr vs 122cr, Q1 at 317cr
Asset quality good
GNPA and NNPA down QoQ and YoY
Solid comeback for Ujjivan
26%+ AUM and disbursements growth

CROMPTON GREAVES CONSUMER Q2FY27 :-

Revenue 2,263.30 Cr vs 1,915.60 Cr
(+18.15% YoY┃+1.27% QoQ)

EBITDA 205.00 Cr vs 165.00 Cr
(+24.24% YoY┃-8.48% QoQ)

EBITDA Margin 9.06% vs 8.61% YoY & 10.02% QoQ

PAT 124.40 Cr vs 75.42 Cr
(+64.94% YoY┃-12.82% QoQ)

EPS 1.90 vs 1.11 YoY & 2.18 QoQ

URBAN COMPANY Q2FY27 :-

Revenue 537.30 Cr vs 380.03 Cr
(+41.38% YoY┃+1.70% QoQ)

EBITDA -188.00 Cr vs -68.00 Cr
(Loss widened YoY & QoQ)

EBITDA Margin -34.99% vs -17.89% YoY & -17.60% QoQ

PAT -182.50 Cr vs -59.33 Cr
(Loss widened YoY & QoQ)

EPS -1.20 vs -0.40 YoY & -0.60 QoQ

Solara Active Pharma
#Solara
Big turnaround in Q2FY27
Solid Q2FY27 with big QoQ and YoY uptick across all parameters
PBT 2x QoQ
Rev at 417cr vs 313cr, Q1 at 382cr
PBT at 33cr vs -10cr, Q1 at 16cr
PAT at 28cr vs -10cr, Q1 at 16cr
OCF at 63cr vs 74cr

Onward Technologies
#OnwardTec
#Onward
Solid Q2FY27 with good QoQ and YoY uptick across all parameters
Decent margin expansion
Rev at 170cr vs 139cr, Q1 at 149cr
OPM at 15.6% vs 14.3%, Q1 at 12.2%
EBITDA at 27cr vs 20cr, Q1 at 18cr
PBT at 22cr vs 16cr, Q1 at 14.7cr
PAT at 16.7cr vs 12cr, Q1 at 11.1cr
OCF at 18cr vs 35cr

Aurum Proptech
#AurumProp
#Aurum
Rev⏫57% and adjusted OPM at 11.5% vs 3.1%
Rev at 130cr vs 79cr, Q1 at 118cr
PBT at 6.6cr vs -6cr, Q1 at 2.3cr
PAT at 4.3cr vs loss in last 2 qtrs

Federal Bank
#FedBank
#FederalBnk
Decent QoQ and YoY uptick across all parameters
PPOP at 2226cr vs 1644 r, Q1 at 1897cr
PBT at 1883cr vs 1281cr, Q1 at 1580cr
PAT ⏫45% at 1386cr
NII⏫26% at 3153cr
Steady provisions with no big uptick
RoA improves
Asset quality good
GNPA and NNPA down QoQ and YoY

Stock Market News india:
SCHNEIDER ELECTRIC Q3

Organic Revenue Up 16.9% Vs Estimates Of 13.8%

Organic Revenue Growth Tops Highest Estimate

Pure Data Center Sales Up 'Strong Double Digit'

Data Center & Networks Demand Up 'Triple-digit'

Sees €300-400 Mn FX Hit On 2026 Rev At Current Rates

Sees FX Impact On FY Adj EBITA Margin Abt Flat

☀️ SW SOLAR – Q2 CONCALL HIGHLIGHTS

• H2 FY27 Outlook: Expects significant recovery in international revenue as new projects enter execution.

• Q3 & Q4 Outlook: Q3 revenue expected to exceed H1 quarterly levels, with Q4 potentially stronger.

• Solar EPC Pipeline: Approximately 22.7 GW, comprising 74% domestic and 26% international projects.

• Tender Opportunities: ₹45,000–50,000 Cr worth of solar and storage bidding opportunities expected in H2 FY27.

• Egypt Project: $560 million solar-plus-storage project expected to contribute revenue in FY27.

CCL PRODUCTS: MANAGEMENT IS ACTIVELY NEGOTIATING WITH DISTRIBUTORS TO ROLL OUT ITS BRANDED COFFEE PORTFOLIO ACROSS THE UNITED STATES AND THE MIDDLE EAST, TARGETING OVERALL B2C SEGMENT GROWTH OF 25% TO 30%

AUSTRALIAN PREMIUM SOLAR (INDIA):

CO. EXPANDS MODULE CAPACITY BY 50% TO 1.2 GW AS ANOTHER 400 MW TOPCON LINE BEGINS COMMERCIAL PRODUCTION

INDIGO ; GOVT TO RELEASE AIRFARES REGULATIONS SOON ; REPORTS 🔴

Stock Market News india:
PERSISTENT SYSTEMS: SPECIAL COMMITTEE APPROVES ISSUANCE OF NCDS WORTH ₹8,000 CRORES AND COMMERCIAL PAPER OF ₹1,000 CRORES; BOTH TO BE LISTED ON NSE; FUNDS FOR ACQUISITION OF NAGARRO SE

INDIA SAYS AI AGENTS EMERGE AS NEW CYBER THREAT

CERT-In flags Al agents as a critical cyber threat to Indian systems

Al agents under evaluation breached Indian systems beyond their authorised tasks

CERT-In says attackers are also using open-source Al tools for reconnaissance, cyberattacks

Gold imports plunge 81%, silver 49% in September: What is driving the fall

STERLING WILSON:

FY27 REVENUE GROWTH GUIDANCE CUT TO UP TO 10% (DOWN FROM 10-15% PREVIOUSLY) CITING INDUSTRY VOLATILITY AND ALMM IMPACTS.

NIGERIA PROJECT REMAINS ON HOLD OVER POLITICAL AND FINANCING DELAYS

SW SOLAR Q2 CONCALL 🔻

CO CUTS FY27 REVENUE GUIDANCE TO 10 % FROM EARLIER 10-15 %

Stock Market News india:
BSE says

Self-Listing Is Not Permitted Under Current Regulatory Framework

We Have Been Conducting Dealer Meetings On CAS

Another Feedback Was To Implement CAS In A Gradual Way

Too Early To Analyse A Trend For The CAS Session

Tough To Isolate Impact Of Changes In RBI Norms As Multiple Headwinds Exist

BSE On Reports Suggesting NSE Wanting To List On Own Exchange: 'Self-Listing Is Not Permitted In India' 🟢

SOLEX ENERGY: SECURES ₹74.77 CR SOLAR PV MODULE SUPPLY ORDERS

Solex Energy has secured work orders from domestic entities for manufacture and supply of Solar PV Modules.

Total order value: ₹74.77 Cr, including applicable taxes.

Orders are scheduled for execution across December 2026.

The orders strengthen the company’s solar module supply pipeline.

No promoter/promoter group interest in the awarding entities.

PATANJALI FOODS:

GQG PARTNER SOLD 0.08% STAKE IN CO VIA OPEN MARKET BETWEEN FEB 11 - AUGUST 31

ADANI ENERGY SOLUTIONS:

GQG PARTNERS LLC SOLD 1.99 CR SHARES OR 1.63% STAKE IN CO VIA OPEN MARKET BETWEEN JUNE 30 - AUGUST 31

BSE MD & CEO, SUNDARARAMAN RAMAMURTHY

NSE Has Confirmed No Addendum Will Be Issued For Self-Trading Along With Offer Document

Due To Lack Of Liquidity In CAS, Participation Has Lacked, Have Been Conducting Dealer Meetings On CAS

Collating All The Dealer Feedback & Will Present It To The Regulators

Tough To Isolate Impact Of Changes In RBI Norms As Multiple Headwinds Exist

Self-Listing Is Not Permitted Under Current Regulatory Framework

On Reports Suggesting NSE Wanting To List On Own Exchange: 'Self-Listing Is Not Permitted In India'

INDIA (AUG) HSBC INDIA PMI SEVICES ACTUAL: 54.1 VS 54.5 PREVIOUS

INDIA (AUG) HSBC INDIA PMI COMPOSITE ACTUAL: 54.3 VS 54.6 PREVIOUS

PMI Data

HSBC/S&P Global August Final Services PMI At 54.1 Vs 53.3 In July

HSBC/S&P Global August Composite PMI Unchanged At 54.3 MoM

LUMINO INDUSTRIES:

CO SAYS WILL ADD 11,000 MT CAPACITY TO UNIT IN WEST BENGAL

United Breweries - UBL Investor Day today - Stock at days high

Aims to up margin significantly higher

Guides for Mid Teen Margins from Single Digit Margin Currently

Stock Market News india:
INDO TECH TRANSFORMERS: WINS ₹165.55 CR ORDER FROM AP TRANSCO

• Indo Tech Transformers receives order from AP TRANSCO for manufacture & supply of 26 power transformers.

• Order includes 17× 80 MVA 220/33 kV and 9× 80 MVA 132/33 kV transformers.

• Order value: ₹165.55 Cr + applicable taxes.

• Execution period: October 2026 to June 2027.

• Domestic order; no promoter/promoter-group interest in AP TRANSCO.

VA TECH, ION EXCHANGE IN FOCUS

PM chairs valedictory session of National Departmental Summit on Water

This marks the first in a series of Summits envisioned by PM to strengthen spirit of Team India and deepen cooperative federalism

PM stresses adoption of a continuous process of review and follow up to act on actionable and time-bound outcomes

Emphasising Jan Bhagidari, PM calls for promoting Jal Utsav to deepen public awareness on water conservation

PM calls for greater adoption of water-saving technologies and learning from global best practices

PM calls for robust water data governance through effective use of AI

PM suggests structured inter-State Study-visits involving public representatives, officials and farmers on water related issues

INDIA'S PLASTIC RECYCLING MARKET TO GROW 9-11% ANNUALLY OVER NEXT DECADE: INDUSTRY BODY

DATA CENTRE INDUSTRY STAKEHOLDERS MEET PIYUSH GOYAL TO DISCUSS POWER AVAILABILITY AND REGULATORY ISSUES

KRN HEAT EXCHANGER:

CO RS350 CR QIP TO FUND 6X CAPACITY EXPANSION AT NEEMRANA TO 6MN+ UNITS/YR;

CO TARGETS DATA CENTRE, DEFENSE, RAIL, SEMICONDUCTOR COOLING AS NEXT GROWTH VECTORS

WAAREE ENERGIES:

CO GUIDES FY27 OPERATING EBITDA TO ₹7,000-7,700CR, TARGETS 29 GW MODULE CAPACITY

NSE derivatives turnover falls below ₹200 lakh crore in August, hits 18-month low

INOX WIND: WINS ₹755 CR REPEAT ORDER FROM INDIAN OIL

POSITIVE FOR  CAPITAL GOODS/POWER ANCILLARY STOCKS

SIEMENS ENERGY INDIA
Order ramp up in transmission sector
Export demand for transformers, switchgears
Capacity expansion plans

INNOVA CAPTAB:

CO RECEIVES BOARD IN-PRINCIPLE APPROVAL FOR RS. 50 CRORE LAND ACQUISITION, STRATEGIC REAL ESTATE EXPANSION AND OPERATIONAL FACILITY DEVELOPMENT

COCHIN SHIPYARD: STARTS CONSTRUCTION OF 4 BATTERY-ELECTRIC TUGS FOR SVITZER

Cochin Shipyard has commenced construction of 4 next-generation battery-electric tugs for global towage major Svitzer.

The vessels are TRAnsverse 2600e battery-electric tugs, designed as high-specification green vessels.

The shipbuilding agreement was signed in December 2025 and covers a minimum of 4 vessels.

The project supports India’s Green Tug Transition Programme and Make in India initiative.

Strengthens Cochin Shipyard’s capabilities in electric propulsion and advanced shipbuilding.

Contract value not disclosed.

BALU FORGE:

CO. ACQUIRES LARGE RING ROLLING LINE TO EXPAND INTO HIGH-GROWTH HEAVY ENGINEERING SECTORS, ADDS APPROXIMATELY 18,000 TONNES OF SPECIALISED HEAVY RING ROLLING CAPACITY

GE Vernova T&D and Hitachi Energy, Siemens – Positive Read Through

Power Grid successful bidder for Barmer HVDC projects

Est. project cost around Rs 25000-26000 cr by analysts

Power Cap good stocks in Focus

MEESHO

8 Cr Shares (1.73% Eq) Worth ₹1,650.4 Cr Change Hands In Block Deal Window

GRSE: SIGNS MoU WITH DAMEN FOR ADVANCED DREDGER DESIGN & CONSTRUCTION IN INDIA

GRSE has signed an MoU with Damen Technical Cooperation B.V., Netherlands.

The partnership will explore design and construction of advanced dredgers in India.

Collaboration covers technology transfer, technical know-how, joint construction proposals and development of indigenous dredger-building capabilities.

Damen will bring expertise in Trailing Suction Hopper Dredgers (TSHD) and Water Injection Dredgers (WID).

GRSE and Damen already have an existing collaboration, including a 1,000 m³ dredger under construction for Bangladesh’s BIWTA.

No specific order value disclosed under the MoU.

Tractors: Growth moderated to 8.2% YoY. Mahindra grew 5%, while Escorts performed strongly at +19%.

Outlook: 2QFY27 volumes are expected to remain strong due to a low base and festive demand, though growth may moderate in 2H.

View: Healthy demand and limited commodity-cost pressure could bring renewed investor interest in autos.

SML MAHINDRA: SML Mahindra targets 10-12 pc commercial vehicle market share by FY31

Indian Air Force Says

"A significant milestone for the IAF and Indian Industry.

The Indian Air Force successfully conducted the drop of an indigenously designed & developed Long Range Glide Bomb (Khagantak-243). 

The Trials met all objectives scaling new peaks of lethality through."

NMDC , GMDC , NLC INDIA , COAL INDIA

India in talks with multiple countries to develop critical minerals for domestic needs: Piyush Goyal

Nila Spaces says petition is without merit and will contest it.

Company does not expect any material financial impact currently.

HUDCO: MoU WITH BIHAR GOVT FOR ₹25,000 CR FINANCING

• HUDCO signs MoU with Bihar Government for financial assistance of up to ₹25,000 Cr over 5 years.

• Funding to support industrial infrastructure projects across Bihar, including land acquisition.

• Loans to have flexible terms with repayment period of up to 25 years.

• Project-wise loan agreements to be executed separately.

JINDAL WORLDWIDE

Re appointment of Mr. Amit Yamunadutt Agarwal as a Managing Director of the Company

HEXAWARE: VIVEK JETLEY APPOINTED AS CEO

• Vivek Jetley appointed as CEO of Hexaware Technologies, effective October 28, 2026.

• He will succeed Srikrishna Ramakarthikeyan, who is stepping down as CEO & Whole-time Director.

• Jetley has 25+ years of experience in AI, data, analytics & enterprise transformation.

• He joins Hexaware from EXL, where he is President of Insurance, Healthcare & Life Sciences.

• Srikrishna Ramakarthikeyan will continue as Senior Advisor to Hexaware from October 28.

YEN SURGES MORE THAN 1% WITH TRADERS ON ALERT FOR INTERVENTION

BLOCK DEAL IN PINE LABS

Alpha Wave Ventures Sells 3.55 Cr Shs (3.1% Eq) In Co For ₹550 Cr Via Block Deal

ICICI Pru Life Ins Co Buys 1.03 Cr Shs (0.89% Eq) In Co For ₹160 Cr

Societe Generale Buys 45.3 Lk Shs (0.39% Eq) In Co For ₹70.3 Cr

Goldman Sachs Invst Mauritius Buys 41.6 Lk Shs (0.36% Eq) In Co 64.6 Cr

Viridian Asia Opportunities Master Fund Buys 41.3 Lk Shs (0.36% Eq) For ₹64.1 Cr

Deal Was Executed At An Avg Price Of 155.1/Sh On NSE

15TH FINANCE COMMISION CHAIR NK SINGH SAYS

A-rating upgrade by the Japanese Credit Rating Agency is a magical moment for India and calls for celebration

Need to applaud the robustness of the new GDP methodology

Double deflation is embedded in scientific reasons, long-demanded as a methodological improvement

Nvidia CEO says the size of AI opportunity is "hard to define" and that we're "still early"

BLOCK DEAL IN ASTER DM QUALITY CARE

TPG Affiliate Centella Mauritius Sells 46.1 Lk Shs (0.53% Eq) In Aster DM Quality Care For ₹350 Cr

Union (Mauritius) Holdings Buys 46.1 Lk Shares At An Avg Price Of ₹760/Sh On NSE

OPEC+ MEETING ON SUNDAY WILL NOT MAKE ANY OIL OUTPUT POLICY DECISION, WILL FOCUS ON DISCUSSING MARKET, THREE SOURCES SAY

RUSSIA'S NOVAK: TALK OF OPEC+ QUOTA CUTS IS NOT HAPPENING RIGHT NOW, THERE IS A SHORTAGE IN THE MARKET - IFX

RUSSIA'S NOVAK: OPEC+ DOES NOT PLAN TO DISCUSS NEW CUTS: TASS

ITALY'S ENI AIMS TO BOOST OIL PRODUCTION IN VENEZUELA SIGNIFICANTLY

TRUMP ON TRUTH SOCIAL:

We have hundreds of happy construction workers in D.C. busily doing their job building the finest Ballroom/Military complex anywhere in the World. There is nothing like it, and never will be! It was a long, hard, fight in the Court System, but the winner is, as always under “TRUMP,” the U.S.A. Also, it is important to remember, the Ballroom is a 400 Million Dollar gift the America! President DJT

Massive Dollar Inflow for INDIA 🇮🇳

RBI schemes get $126.3 billion through the FCNR(B) window.

That's nearly Rs 12,00,000 crores ! ( Rs 12 lakh crores ) Much above earlier estimates.

ITALY'S ENI AIMS TO BOOST OIL PRODUCTION IN VENEZUELA SIGNIFICANTLY

BLOCK DEAL IN MEESHO

Block Deal Launched In Meesho

SoftBank Likely To Sell 7 Cr Shs (1.5% Stake) In Co Via Block Deal

Offer Size Pegged At ₹1,435 Cr

Floor Price Is Set At 205/Sh, Implies Discount Of Up To 3.12% To CMP

TRUMP ON TRUTH SOCIAL:

NOW THAT WE HAVE IT UNDER U.S.A. CONTROL, SHOULD WE CHANGE THE NAME HORMUZ STRAIT TO TRUMP STRAIT??? LIKE AMERICA ITSELF, IT WOULD BE “HOTTER” THAN EVER BEFORE! THANK YOU FOR YOUR ATTENTION TO THIS MATTER. PRESIDENT DONALD J. TRUMP

Commercial Vehicles  outperforming as per Motilal Report.

CVs: Strong recovery after West Asia de-escalation. Industry wholesales grew ~43% YoY, led by Tata Motors CV (+49%). Ashok Leyland grew 38%, while VECV grew 18%. Exports remained weak for some players.

Stock Market News india:
CourtCorner | IIFLHomeFin case

👉Bombay HC Grants Protection To Co From Action By Tax Authorities

👉Tax Dept Won’t Take Coercive Action Under Aug 23 Assessment Order

👉BombayHC To Next Hear The Case On October 5

Bodal, Kiri & other Indian H acid manufacturers in focus: Chinese H acid prices have reached a new high (never seen before). For the September month, China is now positioned as an importer of H acid rather than net exporter (as seen in the past couple of years). AJC exclusive 3rd update on H acid chaos is out for our clients.

COFORGE: LAUNCHES AI LAUNCHPAD FOR ENTERPRISES

• Introduced Coforge AI Launchpad, an open-weight AI ecosystem for enterprises

• Enables businesses to build, fine-tune, deploy & operate AI stacks in controlled environments

• Supports workload routing across open-weight & frontier models based on business, regulatory, performance & cost needs

• Helps maintain data sovereignty, IP ownership & control over AI environments

• Powered by Coforge Nuuron with integrated platform & managed services

• Already being implemented across U.S. clinical healthcare & major U.S. banking clients

FSSAI CEO Says Preparing Crackdown On Quick, E-Commerce Cos

ETERNAL, SWIGGY

FSSAI CEO says No Bad/Expired Items Will Be Sold On Platforms | Cos Will Have To Mention Package, Expiry Dates

Nifty back above 23,900; Nifty Auto, Consumer durables, Gold Financers' stocks off lows

HAL

₹13500 Cr approved for design of IMRH , HAL is developing the design of IMRH - CNBC AWAAZ

IRAN ATTEMPTED CYBERATTACKS WERE UNSUCCESSFUL: NBC NEWS

KPI GREEN ENERGY:

CFO SALIM YAHOO RESIGNS EFFECTIVE SEPTEMBER 2, 2026.

MARKET AT CLOSE

Market Remains Weak As Global Cues Turn Unfavourable

Nifty Ends Below 24,000, Lowest Closing Level In More Than A Month

Sensex Falls 374 Points To 76,570 & Nifty 141 Points Το 23,914

Nifty Bank Slips 238 Points To 57,172 & Midcap Index 333 Points To 63,002

Reliance Lends Support While IT & Autos Drag Market

Auto Stocks See Selling Pressure On Mixed Aug Print, Nifty Auto Down 2%

RAM MANDIR CEO

Retired Air Marshal Jitendra Mishra Appointed As Ram Mandir CEO

Ram Mandir Appoints First CEO

TRADE MINISTER:

INDIA PLANS TO EXEMPT SEMICONDUCTORS, OTHER HIGH-END SECTORS FROM MANDATORY STANDARDS

GRAVITA INDIA:

CO COMMISSIONS 6,000 MTPA LI-ION RECYCLING AT MUNDRA; PLANS ₹1,780CR CAPEX FOR 8 LAKH MTPA GOAL

US ADP NONFARM EMPLOYMENT CHANGE (AUG) ACTUAL: 38K VS 44K PREVIOUS; EST 47K

FED’S WILLIAMS:

YIELDS ARE RISING ON STRONG ECONOMY AND STRONG OUTLOOK – CNBC

YIELDS DON'T SEEM TO BE DRIVEN BY INFLATION OUTLOOK

ICICIBank Acquires Additional Stake Of Up to 2% Worth ₹1,470 Cr In ICICIPrudentialLife Insurance Company

Alert: After Acquisition Bank Holds Approximately 52.8% Stake In ICICI Pru Life

FED’S WILLIAMS:

STRONG INVESTMENT DEMAND IS PRESSURING YIELDS UP

AT END OF DAY, IT'S FED'S JOB TO GET PRICE STABILITY, 2% INFLATION IS JOB NUMBER ONE

TARIFFS AND MIDDLE EAST WAR ARE BIG DRIVERS OF INFLATION OVER TARGET

NOT SEEING SECOND ROUND INFLATION IMPACT FROM TARIFFS

INFLATION EXPECTATIONS ARE CONTAINED

SEEING TREND TOWARD LOWER INFLATION

THE LABOR MARKET IS STABLE AND SOLID

PAGE INDUSTRIES:

CO RECEIVES DUBAI COURT NOTICE FROM YELLOW FLOWER TRADING FOR AED 113.55 CRORE CLAIM

INDIA CEMENTS:

CO SIGNS AGREEMENTS TO ACQUIRE 26% STAKE IN AMPLUS TN ONE ENERGY FOR ₹14.06 CRORE

AMERICAN SOURCE OUR STRIKES WERE PREEMPTIVE AGAINST AN IRANIAN PLOT TO TARGET THE SUBMARINE CABLES IN HORMUZ

AXISCADES Technologies to consider fund raise of up to ₹200 crore via NCDs on September 5, 2026.

Muthoot Finance appoints Alexander George as Managing Director, effective October 1, 2026,

IRAN URGES REGIONAL COUNTRIES TO STOP US USING THEIR TERRITORY

NILA SPACES: NCLT PETITION FILED BY DIRECTORS

Directors Nivedita Ritesh Oswal & Anr filed petition before NCLT Ahmedabad against proposed AGM resolutions.

Petition seeks waiver of voting results and interim relief.

Filed under Sections 241 & 242 of Companies Act, relating to oppression/mismanagement.

Stock Market News india:
Morbi Ceramic Association Says

Gujarat Energy Has Hiked Prices For All Industrial Consumers Including Morbi Association

JAPAN’S CREDIT RATING AGENCY UPGRADES INDIA’S SOVEREIGN RATING

🇮🇳 Japanese Credit Rating Agency (JCRA) has upgraded India’s sovereign rating from BBB+ to A-, signalling stronger confidence in India’s economic fundamentals and creditworthiness.

TARUN GARG, MD AND CEO, HYUNDAI MOTOR INDIA

Our exports remain concentrated in mature technologies

India has successfully built scale; now need to leap-frog towards greater self-reliance

Need to build domestic capability in semiconductors, power electronics

Tech ownership is important for strategic independence

India has built a strong manufacturing foundation

Need to create greater capability, global standards of quality, performance and safety

AXIS SECURITIES ON NIFTY ;

DEC’26 TARGET 27,360

• Q1FY27 was among the strongest earnings seasons in 10 quarters, yet Nifty fell 1.2% in August while Nifty Smallcap 250 gained 2.5%.

• Key risks: elevated crude oil prices, US bond yields and weak monsoon; rainfall ~16% below normal through August amid strengthening El Niño.

• Crude below $85/bbl would support lower inflation, stronger rupee & better margins; move towards $100/bbl could be a major headwind and delay rate cuts.

• FIIs have pulled nearly $8 bn from Indian equities in FY27 so far, while DIIs invested ~$34 bn, more than offsetting FII selling.

• Dec’26 Nifty scenarios: Bull Case 28,770 | Base Case 27,360 | Bear Case 23,155.

• September strategy: “Buy earnings, not liquidity” — focus on stock selection rather than chasing the index.

Food for Thought: What’s driving the high GST collections?

3 key takeaways

1️⃣ Capex: Import GST +29.5% YoY to ₹62600 cr in Aug, driven by capital & intermediate goods imports.

2️⃣ GST trend: 3rd straight month of double-digit growth (Jun-Aug), with collections holding near ₹2 lakh cr for 2 months.

3️⃣ Gross vs Net: It’s not just gross GST. Apr-Aug gross collections +12.7% YoY to ₹10.6 lakh cr; refunds rose 24%, yet net collections still grew 9%.

Zerodha gets SEBI approval to enter merchant banking.

Stock Market News india:
KARUR VYSYA BANK:

BANK RECEIVES FAVORABLE INCOME TAX APPELLATE TRIBUNAL ORDER SETTING ASIDE RS. 40.34 CRORE ASSESSMENT DEMAND FOR AY 2022-23

MAGELLANIC CLOUD: CO. COMPLETES HANDOVER OF 685SITES OF PUNJAB & SIND BANK, ACHIEVING 74% DEPLOYMENT IN JUST 5MONTHS

CO. COMPLETES HANDOVER OF 685SITES OF PUNJAB & SIND BANK, ACHIEVING 74% DEPLOYMENT IN JUST 5 MONTHS

VODAFONE IDEA:

CO. RENEWS BRAND IDENTITY, FLAGS AMBITIONS AS A TECH COMPANY BEYOND TELECOM - BUSINESSLINE

TCS beats Accenture to bag Best Buy’s Rs 2,000 crore India GCC mandate

SMS PHARMA: CARE RATINGS REAFFIRMS ‘CARE A’ & ‘CARE A1’ RATINGS

• Long-term bank facilities: ₹570.07 Cr, enhanced from ₹350.87 Cr.

• Rating reaffirmed at ‘CARE A’; outlook revised to Stable from Positive.

• Short-term bank facilities: ₹52.83 Cr.

• Short-term rating reaffirmed at ‘CARE A1’.

KARUR VYSYA BANK: NEW CFO APPOINTED

• Ramasamy G V has taken charge as Chief Financial Officer & KMP in the rank of General Manager, effective September 1, 2026.

• Existing CFO Ramshankar R transitions to Chief Operating Officer following his elevation as Chief General Manager.

Govt to Clarify PN3 Rules to Ease Land-Border Investments

Govt may soon issue detailed FAQs to clarify grey areas under PN2/PN3

PN2/PN3 is Press Note 3, which deals with FDI rules for nations sharing a land border with India

An FAQ has been finalised and will be rolled out soon, say officials

Clarity expected on the 10% threshold for beneficial ownership

Separately, an amendment to FDI rules is possible, potentially ahead of the BRICS Summit

BSE:

CO SAYS AS PER LAW EXCHANGE CANNOT LIST THEIR SHARES ON THEIR OWN EXCHANGE

Iran's IRGC:

Attacked US assets in Kuwait, Bahrain, Jordan, and Iraq's Erbil

OIL INDIA :

Supreme Court hears urgent mention regarding Oil India’s proposed pipeline operations near a national park

MANGALAM GLOBAL:

CO. APPOINTS MR. DARSHAK MEHTA AS CEO FOR THE BRAND “NEAT EVERYDAY”

"Ethanol Future Not Limited To Petrol Blending ;

Ethanol Can Become Pathway For Sustainable Jet Fuel"  - NFCSF  President (agencies)

TILAKNAGAR INDUSTRIES: TO INVEST ₹22 CR FOR 30% STAKE IN TEQUILA MAKER

• TI to acquire 30% stake in Black Tiger Distilleries, maker of Bodega Suprema No. 5.

• Total investment: ₹22 Cr — ₹6 Cr initially and ₹16 Cr within 12 months.

• Marks TI’s entry into the agave spirits/tequila category.

• Bodega Suprema No. 5 offers 100% Blue Weber Agave tequilas, crafted in Jalisco, Mexico.

• TI will support BTD across distribution, sales, marketing, supply chain, finance and regulatory functions.

• Investment aligns with TI’s ‘House of TI’ strategy to build a broader luxury beverage portfolio.

TATA MOTORS:

JLR OPENS BOOKINGS FOR RANGE ROVER ELECTRIC WITH UP TO 600KM RANGE  PRICED AT 2.8CR

MAHARERA RULING: DEVELOPERS CAN’T SHIFT STAMP DUTY BURDEN TO BUYERS AFTER PROMISING TO PAY

MahaRERA has ruled that a developer cannot later recover stamp duty and registration charges from a plot buyer when its project disclosures and allotment letter clearly stated that the developer would bear these costs.

The Authority also directed the developer to pay interest for delayed possession and ordered both parties to proceed with registration of the Agreement for Sale/Sale Deed.

Real-estate sector in focus: The ruling reinforces that developers may be held to their contractual/project-level commitments made to home and plot buyers.

SUN PHARMA :

Sun Pharma Arm Seeks HC Nod To Manufacture, Market Semaglutide Tablet

Give Sample Semaglutide Tablets To Novo For Testing

BONDADA ENGINEERING: INCORPORATES SUBSIDIARY FOR 225 MW BESS PROJECT

• Incorporated wholly owned subsidiary Bondada Hindupur BESS Project Pvt Ltd.

• Subsidiary will undertake a 225 MW Battery Energy Storage System (BESS) project.

• Project aimed at grid-scale energy storage and renewable energy integration.

TILES , CERAMICS STOCKS

Gujarat Energy Hikes Industrial Gas Prices - CNBC-TV18

- Jauss Polymers — MD and five directors resigned simultaneously, affecting key committees.
- SpiceJet — Ended Boeing 737 MAX operations; operating fleet down to 11 aircraft.
- Adani Ports — Mundra disruption worsening amid West Asia crisis, with supply-chain and freight-cost pressures.
- PNB — Fake notes found in Saharanpur currency chest after ₹4.36L shortfall, raising control concerns.
- Religare Enterprises — SAT dismissed appeal against SEBI order.
- Shivalik Bimetal — Insider-trading violations flagged involving former employee and his son.
- TVS Electronics — Q1 revenue ₹106 Cr with ₹6.6 Cr PAT loss and -2.26% EBITDA margin.
- Eureka Forbes — CCPA imposed ₹5L fine following 5,008 consumer complaints.

NEUTRAL / CORPORATE ACTIONS

- Cholamandalam Investment — ₹2,000 Cr perpetual securities at 8.97% coupon.
- VRL Logistics — ₹2,800 Cr buyback at ₹320/share.
- Power Finance Corporation — Plans ₹5,000 Cr bond fundraising.
- Capri Global Capital — Plans first $300–500 Mn dollar bond at 7.75%.
- Sadbhav Engineering — ₹68 Cr preferential issue to banks and promoter.
- Go Digit General — CCI approved merger; NCLT, IRDAI and shareholder approvals pending.
- Thyrocare — NCLT approved Docon/API Holdings merger; API to hold 51.02%.
- India Glycols — Demerged into three entities; two entities to seek separate listings.
- LTTS — Completed transfer of Smart World & Communication unit.
- Entertainment Network — Times Horizon becomes promoter with 71.15% stake.
- KFin Technologies — Approved amalgamation of WebileApps entities.
- HDFC Bank — ₹739 Cr AT1 bond redemption scheduled for Sep 30.
- L&T — NCLT admitted L&T Realty merger scheme.
- Premier Energies — Consolidating battery business and establishing Singapore clean-energy trading arm.
- AXISCADES — Akkodis acquired 51% stake in AXISCADES Aerospace.

BULK / BLOCK DEALS

- EPL — Institutions bought ~122L shares worth ~₹295 Cr, while several funds sold ~74L shares worth ~₹179 Cr.
- SBFC Finance — HDFC Life bought 73L shares at ₹101 worth ~₹73.7 Cr.
- Happiest Minds — BNP Paribas sold 10.19L shares worth ~₹37.4 Cr.
- Ratnaveer Precision — Arihant Capital sold 10.75L shares worth ~₹32 Cr.

PROMOTER / INSIDER ACTIVITY

- Hatsun Agro — Founder-promoter Chandramogan R G bought 8.25L shares worth ~₹98.3 Cr.
- Cupid — Promoter Aditya Kumar Halwasiya bought 8.6L shares through open market.
- EPL — Insider Swetaben Hardik Shah sold 17.05L shares worth ~₹41.6 Cr.
- Capricorn Systems — Promoter sold 33.57L shares worth ~₹8.67 Cr.
- Mukesh Babu Finance — Mukesh Champaklal Babu sold 4.32L shares worth ~₹6.26 Cr.
- Responsive Industries — Promoters pledged 2.46 Cr shares, equal to 9.25% of equity; additional 3.6% pledged by Fairpoint Tradecom.

KEY TAKEAWAY
- Strong order wins, capacity expansion and industrial growth dominate, while HDFC Bank, SpiceJet, Adani Ports and promoter pledges remain key negatives to watch.

HDFC Bank sees 24.6 lakh shares change hands in a block deal

Aster DM sees 46 lakh shares worth Rs 350.34 crore change hands in two block deals

Pine Labs sees 3.54 crore shares worth Rs 549.93 crore change hands in multiple block deals, with 3.1% equity changing hands

Stock Market News india:
VENEZUELA'S OIL EXPORTS TO INDIA AND EUROPE INCREASED IN AUGUST, ACCORDING TO SHIPPING DATA

Coal India: August 2026 Update 🚨

📦 Dispatches
August: +5.5% YoY to 60.6 MT
April-August: +6.7% YoY to 322.9 MT

🔨 E-auctions
Allocations: Aug : 8.28 mt  , Apr-Aug : 47.74 MT
Premium:  Aug: +59% , Apr-Aug : 46% vs 35% (yoy)

📈 Nuvama upgrades Coal India
HOLD from Neutral
TP raised to ₹454 vs ₹396
FY27E/28E EBITDA +13%/8%, factoring in higher volumes & prices

US 2-5-10 yr yields RISE.
Oil climbs to $90
At best what the Nifty can do is defend 24,000
Bulls on backfoot.
Focus on midcaps and smallcaps.

TEXMACO RAIL: CO WINS ORDER WORTH RUPEES 24.48 CRORES

NEPHROCARE HEALTH: CO. ACQUIRES 100% STAKE IN DIALYSIS CENTER ALMATY KAZAKHSTAN

MPHASIS: CO. AND TECHNOPRO HOLDINGS SIGN STRATEGIC AGREEMENT TO ACCELERATE AI-LED ENTERPRISE TRANSFORMATION IN JAPAN

TATA MOTORS: CO'S UNIT TML CV HOLDINGS B.V. SECURES ALL REGULATORY AUTHORIZATIONS FROM ITALIAN AND INTERNATIONAL REGULATORY AUTHORITIES FOR IVECO GROUP N.V. VOLUNTARY TENDER OFFER

BEML: SECURES ₹180.60 CR ORDER FROM INTEGRAL COACH FACTORY

ADANI PORTS: AUG. CARGO VOLUME +19%, AUG. CONTAINER VOLUME +15%

ADANI PORTS: CO. ACHIEVES LANDMARK MILESTONE, HANDLES RECORD 50 MMT CARGO IN AUGUST 2026

STOCK MARKET UPDATES | CONSOLIDATED STOCKS IN ACTION

POSITIVE

- Eicher Motors — Aug motorcycle sales +11% YoY to 1.26L; international sales +10% to 12,275.
- Hero MotoCorp — Domestic dispatches +4.5% to 5.42L; scooters +43%, though exports fell 24.6% and total sales missed estimates.
- NMDC — Aug production +21% YoY to 4.07 MT; YTD production 23.23 MT vs 18.45 MT.
- Sical Logistics — ₹534.73 Cr, 5-year coal extraction contract from Central Coalfields.
- Satani Bearings — ₹376.6 Cr domestic service order from National Engineering Industries.
- EMS — ₹218.65 Cr Rajasthan sewerage project with 10-year O&M.
- Western Carriers — 15-year Kolkata Dock cargo terminal contract.
- Magellanic Cloud — Third consecutive DFCCIL order.
- Indo-Tech Transformers — ₹55 Cr order from Waaree Renewable for 5 transformers.
- Centum Electronics — Global OEM export order; Q1 revenue +25% YoY and exports at 54% of revenue.
- ITC Hotels — ₹155 Cr acquisition of GHK Hospitality, strengthening Ahmedabad presence.
- Indo Borax — Acquired 64.3% of Kronox Lab for ₹246.1 Cr; Kronox Q1 revenue +31% and PAT +59%.
- Jamna Auto — Acquired UK-based Owen Springs for £2M to expand aftermarket and exports.
- UltraTech Cement — Gujarat unit started commercial production ahead of schedule.
- DCM Shriram — Commissioned aluminium extrusion plant at Kota; surface-finish plants under installation.
- NALCO — ₹30,000 Cr expansion plan including 0.5 MTPA smelter and 1,080 MW CPP.
- SAIL — FY27 capex raised to ₹15,000 Cr; targets 35 MTPA capacity by 2031 and Hydrogen-DRI commercialisation.
- Dredging Corporation — ₹3,560 Cr fleet modernisation plan with 11 new dredgers.
- Vaibhav Global — CARE upgraded ratings to A+/Stable and A1+.
- JSW Energy — CARE reaffirmed/upgraded subsidiary ratings to A+/Stable.
- Shriram Finance — Targets 18% AUM growth, supported by MUFG partnership and lower borrowing costs.
- Deepak Fertilisers — FY26 revenue crossed ₹11,500 Cr; PAT ₹740 Cr; 100% dividend recommended.
- RACL Geartech — Q1 revenue +22%, EBITDA +18% and PBT +50%.
- Sakar Healthcare — 14 oncology product approvals across EU, UK and Canada.
- Caplin Point — INVIMA GMP compliance for oncology products in Colombia.
- Voltas — Qatar Court dismissed OHL&C appeal; compensation order and bank guarantees remain effective.
- Reliance Industries — Jefferies BUY with ~33% upside; O2C, retail and refining remain key drivers.

NEGATIVE

- HDFC Bank — Sudden CEO exit raises governance concerns; dollar bonds hit record lows.
- Omaxe — SAT upheld SEBI order and 2-year securities-market ban.

• Company will undertake local offshore operations in Saudi Arabia.

• Move aligns with APSEZ’s strategy to expand its global marine fleet and build an integrated marine platform.

RACL GEARTECH: CO MD GUIDES FOR 15-20% REVENUE GROWTH, TARGETS ₹77 CRORE CAPEX FOR HEAT TREATMENT REPLACEMENT AND CAPACITY EXPANSION

U.S. TREASURY SECRETARY BESSENT ON IRAN, SANCTIONS: PROBABLY GOING TO ANNOUNCE BANK SANCTION THIS WEEK AND NEXT WEEK

BESSENT: 85%-90% OF IRAN FACTORIES HAVE ABILITY TO REBUILD

U.S S&P GLOBAL MANUFACTURING PMI (AUG) ACTUAL: 53.9 VS 53.9 PREVIOUS; EST 53.2

US ISM MANUFACTURING PMI (AUG) ACTUAL: 54.6 VS 55.6 PREVIOUS; EST 55.2

US JOLTS JOB OPENINGS (JUL) ACTUAL: 7271K VS 7359K PREVIOUS; EST 7313K

WELSPUN CORP: SIGNS MOU FOR PIPE FACILITIES IN JORDAN

• Welspun Corp and Perma-Pipe sign MOU with Jordan Government and National Water Carrier Project developers.

• Parties plan to establish a JV for pipe manufacturing & advanced coating in Jordan.

• Facility to cater to water, oil & gas, energy and infrastructure projects.

• Proposed platform could serve opportunities across Jordan and wider Middle East markets.

• Investment, JV structure, capacity and timeline are yet to be finalised.

IRAN'S QALIBAF SAYS IF U.S. SIEGE IS INTENSIFIED, WE WILL DEFINITELY RESPOND MILITARILY - IRANIAN MEDIA

HERO MOTOCORP: AUGUST DISPATCHES RISE TO 5.68 LAKH UNITS

• Total dispatches: 5,68,398 units, up from 5,53,727 units YoY.

• Domestic dispatches: 5,42,305 units | Exports: 26,093 units.

• Motorcycles: 4,93,851 units | Scooters: 74,547 units.

• Domestic ICE business saw 18% YoY VAHAN retail growth.

• VIDA dispatched 25,558 units, with 38% VAHAN growth.

• Overall VAHAN retail growth stood at 19% YoY, ahead of the festive season.

US TREASURY SECY

Zero tolerance for Iran, will economically strangle it

Great support from EU, ECB, UK, UAE, Bahrain

Iran sanctions could be on airline leasing companies

We'll be looking at airline leasing COS

Discussing cooperation with China on Iran

Iran has chance to come back into global system

Iran's protective shield had to be taken out

INDIA FINANCE MINISTRY: INDIA FINANCE MINISTER SITHARAMAN INVITED BESSENT FOR THE ECONOMIC & FINANCIAL PARTNERSHIP TO NEW DELHI LATER THIS YEAR

HDFC BANK: CO EXERCISES CALL OPTION TO REDEEM ₹739 CRORE ADDITIONAL TIER 1 BONDS ON SEPTEMBER 30

THE IAEA SAYS THE MISSING IRANIAN URANIUM IS A PROLIFERATION CONCERN, WITH AN IAEA REPORT SHOWING ITS ESTIMATES OF IRAN'S ENRICHED URANIUM STOCKS UP TO JUNE 13, 2025 ARE UNCHANGED FROM PREVIOUS REPORTS

FOUR PROJECTILES STRUCK AREAS IN SOUTHEASTERN CHABAHAR AND KONARAK, WITH ASSESSMENTS OF POSSIBLE DAMAGE UNDERWAY - IRAN'S IRNA CITING A PROVINCIAL SECURITY OFFICIAL