Stocks To Watch
JSW Dulux reported a 12.42% YoY decline in net profit to ₹79.7 crore for Q1CFY. Revenue declined 2.8% YoY to ₹965 crore.
Manappuram Finance reported net profit of ₹584.5 crore for Q1CFY, compared with ₹138.3 crore YoY. NII rose 28.1% YoY to ₹1,723.8 crore.
RHI Magnesita India reported an 83.2% YoY rise in consolidated net profit to ₹64.6 crore for Q1CFY, as margins improved despite higher input costs and pricing pressure. Revenue rose 5.6% YoY to ₹1,014 crore.
NBCC (India) reported a 17.2% YoY rise in net profit to ₹154.8 crore for Q1CFY, even as revenue declined 6% YoY to ₹2,259.5 crore.
Larsen & Toubro has entered into agreements with its wholly owned subsidiary Vyoma.AI Limited to transfer its Data Center and Cloud Services Business for ₹1,400 crore and divest its entire stake in L&T Network Services Private Ltd (LTNSPL) for ₹30 crore.
Electric 2W auto stocks (TVS Motor, Bajaj Auto, Hero MotoCorp, Ola Electric and Ather Energy) would be in focus after the government approved an additional ₹1,000 crore for electric 2Ws under its incentive framework, with benefits for the segment extended until March 2028.
HG Infra Engineering has received a LoA from the Department of Skill, Employment & Entrepreneurship, Government of Rajasthan, for the operation and management of the Industrial Training Institute (ITI) Bhiwadi Cluster under Component-I of the Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs (PM-SETU).
Clean Max Enviro Energy Solutions will issue a corporate guarantee of Rs. 92 crore for its subsidiary.
Landmark Cars signs an MoU with Tecso Charge Zone to offer wallet credits and other customer benefits.
Grasim Industries commences commercial production at its 50,000 MTPA CPVC resin plant in Gujarat.
Firstsource Solutions enters into a partnership with Cresta to deliver AI technology solutions.
GMR Power & Urban Infra board will consider raising up to Rs. 3,000 crore via QIP, bonds and other instruments on August 14.
Avenue Supermarts allots commercial paper worth Rs. 300 crore.
Natco Pharma board will consider fundraising via equity issuance on August 14.
Prestige Estates: CPPIB to invest up to Rs. 3,000 crore in Prestige Hospitality and acquire up to 28% stake.
Zydus Lifesciences arm Sentynl enters a pact with Mereo BioPharma for commercial and manufacturing rights of Alvelestat; Mereo eligible for up to USD 40 million under the agreement.
BEML receives a Rs. 184 crore order from HAL to supply Light Combat Helicopter fuselage aerostructures.
3M India fully resumes production and operations at its Ahmedabad plant after completing restoration activities.
KFin Technologies launches agentic AI solution ‘Klarity' to eliminate signature fraud in the BFSI segment.
Adani Ports arm Ocean Sparkle incorporates subsidiary Ocean Sparkle Offshore.
V-Mart Retail launches its 600th store.
Muthoot Microfin shareholders approve fundraising through private placement.
Manappuram Finance approves fundraising of up to Rs. 1 lakh crore via NCDs and other instruments.
SBI concludes issuance of USD 500 million senior unsecured notes.
Saatvik Green Energy secures a Rs. 400 crore order from an EPC player for supply of solar PV modules.
CAMS acquires the first tranche of Think founders' stake, raising its holding in Think to 77.7% for Rs. 18 crore.
Puravankara extends closure of the Rs. 145 crore Purva Ruby deal by 30 days.
HG Infra Engineering receives a LoA worth Rs. 241 crore from the Rajasthan government.
Escorts Kubota preponed the groundbreaking ceremony for its new greenfield manufacturing facility to August 19 from August 20.
Diamond Power Infrastructure secures Rs. 195 crore order from Rajesh Power Services for underground power cables.
ITI clarifies that it has signed a pact with Airtel Business to accelerate digital transformation, though the financial impact of the partnership is not yet quantifiable.
Omaxe arm receives a RERA certificate for a project in UP.
Dr Agarwal's Health Care Block Deal: TPG, Temasek to sell 11% stake at ₹500/share
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