Namaste !!
• India to Stop Carbon Credit Exports Until Climate Goals Are Met
o Changed law to prepare Indian Cos for export carbon taxes
• India’s July Oil Products Consumption Rises 6.1% Y/y
• India Seeks to Oust China Firms From Sub-$150 Phone Market
o Xiaomi, Realme and Transsion will be among those affected
• India’s Sensex Rises to a Four-Month High Led By HDFC, Reliance
• Wheat Product Shippers Will Need India’s Approval Before Exports
• Monsoon-Sown Rice Area Drops, Cotton Planting Rises in India
• India Cumulative Monsoon Rainfall 7% Above Normal as of Aug. 8
• Indian Company Private Bond Sales Fall 77% W/w to INR56.9 Billion
• Global Funds Buy Net 14.5B Rupees of India Stocks Aug. 8: NSE
o Domestic funds sell net 1.41b rupees of stocks
• Foreign Investors Buy Net INR20B of Indian Equities on Aug. 5
• Foreigners Buy Net INR57.5B of Indian Equity Derivatives Aug. 8
• Indian Banks’ Risks May Ease as RBI Could Taper Rate Hikes Next
• Adani Ports May Rely on M&A to Boost Growth: Earnings Outlook
• Vedanta’s Risk Deflation May Not Inflate Bonds: Credit Outlook
• Peak Car Is Just 14 Years Away After Over a Century of Growth
• India Could Sustain Equity Rally on Inflows, Activity Uptick
• ABB India (ABB): 2Q Profit doubled to 1.4b rupees, Exceeds est.
• AIA Engineering (AIAE): 1Q profit 1.9b rupees vs 1.49b Y/y; Sales 10.64b vs 7.3b
• AU Small Finance Bank (AUBANK): Approves QIP issue price at 580 rupees/share
• Bajaj Finance (BAF): New Deal: Bajaj Housing Plans to Sell up to Inr10b 3Y Bonds
• Bharti Airtel (BHARTI): 1Q net income 16b rupees vs. 2.84b y/y, misses est. 22.17b; revenue +22% to 328b; Ebitda margin 50.6% vs. 49.1% y/y
• City Union Bank (CUBK): 1Q net income +32% Y/y to 2.25b rupees, beats est. 1.95b, Provisions -11% q/q to 1.52b; gross NPA 4.65% vs. 4.7% q/q
• Dish TV India (DITV): 1Q profit 178.5m rupees vs 502.4m Y/y
• IDFC (IDFC): 1Q profit 2.5b rupees vs loss 4.1b Y/y
• Indraprastha Gas (IGL): 1Q profit 4.2b rupees, beats est. 3.66b
• Indian Hotels (IH): 1Q net income 1.7b rupees vs. loss 2.77b y/y, beats est. 1.49b; revenue 12.7b vs. 3.45b
• Indian Oil Corp. (IOCL): Lanka IOC Expresses Interest to Take Over Part of CPC’s Network
• Gujarat Narmada Valley (GNFC): 1Q Net Income 5.71B rupees Vs. 2.42B Y/y; revenue +94% to 27b
• JSW Steel (JSTL): Says July crude steel output rises 14% Y/y
• MRF (MRF): 1Q net income 1.12b rupees vs 1.61b Y/y, misses est. 1.54b; Sales climbed to 56b vs 41.3b
• Natco Pharma (NTCPH): 1Q net income of 3.2b rupees vs 750m Y/y, beat est. 2.35b; sales more than doubled to 8.8b
• National Aluminium (NACL): 1Q net income +66% Y/y to 5.79b rupees, misess est. 6.69b; revenue +53% to 37.8b
• National Highways Infra (NHIT): To consider raising funds on Aug. 12
• Power Grid Corp (PWGR): 1Q Net Income -38% Y/y to 37.7b rupees, beats est. 28.1b; Revenue +7% to 104.5b
• Prestige Estates Projects (PEPL): 1Q profit 2.05b rupees vs 458m Y/y; sales 19.4b vs 13.6b
• Samvardhana Motherson (MOTHERSO): 1Q Net Income -51% Y/y to 1.41b rupees, misses est. 2.15b; revenue +9% to 176.1b
• Sobha (SOBHA): 1Q profit 137m rupees vs 108m Y/y; Sales 5.8b vs 5.1b
• Tata Chemicals (TTCH) 1Q profit 5.89b rupees vs 2.88b Y/y; sales 39.95b vs 29.8b
• Torrent Power (TPW): 1Q Net Income 5.02b rupees vs. 2.07b y/y, beats est. 3.84b; Revenue 65.1b vs. 31b
• Whirlpool India (WHIRL): 1Q net income 779m rupees vs. 233.4m y/y, misses est. 1.09b; revenue +48% to 19.8b
By: via @AlliesFin Serve Stock Market
