Published on: August 8, 2025
DLF Ltd, India’s biggest real estate developer, will invest ₹23,500 crore to complete all ongoing residential projects launched in Delhi-NCR and Mumbai. Backed by a cash balance of ₹10,429 crore—including ₹7,782 crore in RERA escrow—and customer receivables of ₹37,220 crore, the company plans to fund its construction spend without strain.
In Q1 FY25, DLF sold projects worth ₹11,425 crore, including the complete sellout of 1,164 luxury apartments in its Gurugram township project ‘DLF Privana North’ for ₹11,000 crore. The company has also launched a ₹2,300 crore Mumbai project in partnership with Trident Realty.
Following record sales bookings of ₹21,223 crore last fiscal, DLF aims to achieve ₹20,000–22,000 crore in sales this year, with over half the target already met in the first quarter. With 280 million sq ft of development potential, DLF continues to expand its footprint across residential and commercial segments.
Published on: August 8, 2025
Tata Motors reported a 30% year-on-year decline in consolidated net profit to ₹3,924 crore for Q1 FY26, in line with analyst estimates. Revenue from operations slipped 2.5% to ₹1.04 lakh crore, outperforming expectations of a sharper drop, while EBITDA fell 36% to ₹9,700 crore.
Performance was impacted by volume declines across all segments and lower profitability at Jaguar Land Rover (JLR), whose revenue fell over 9% to £6.6 billion due to tariffs imposed by former US President Donald Trump. Commercial vehicle revenue declined 4.7% to ₹17,000 crore, though margins improved, while passenger vehicle revenue dropped 8.2% amid softer demand.
Tata Motors expects its PV-CV business demerger to be completed by October 1, 2025, with the NCLT order pending. Despite challenging demand conditions, the company is targeting a stronger second-half performance, aided by tariff relief from new UK-US and EU-US trade deals and potential festive season demand. Shares closed 2.4% lower at ₹630.80.
Published on: August 8, 2025
Tata Motors is expected to report weaker quarterly results as commodity headwinds, higher discounts, and muted demand weigh on performance. Analysts project a decline of up to 6.3% in consolidated revenue, with Jaguar Land Rover (JLR) margins estimated to contract by 11.8%.
Motilal Oswal forecasts a 10% drop in India passenger vehicle volumes and a 6% decline in commercial vehicle volumes, with EBITDA margins in both segments hit by elevated input costs and discounting. JLR’s domestic growth is also anticipated to slow amid subdued demand.
Nuvama Equities sees year-on-year revenue pressure across all business segments, with lower profitability at JLR contributing to overall margin contraction.
Published on: August 8, 2025
Shares of Bharti Airtel will be in focus on Friday as promoter group entity Indian Continent Investment Ltd (ICIL), backed by Sunil Mittal, is set to sell 0.8% stake—worth about ₹9,310 crore—via a block deal. The sale involves 5 crore shares priced at ₹1,862 apiece, a 3% discount to Thursday’s closing price of ₹1,922.60.
Post-transaction, ICIL’s holding will fall from 2.47% to 1.67%, while the overall promoter stake will remain above 51% through holdings by entities like Bharti Telecom. This is ICIL’s second major divestment in a year, following a ₹8,485 crore sale in February 2025.
Bharti Airtel recently posted a strong Q1 performance, buoyed by growth in Airtel Africa and India wireless, with analysts bullish on long-term prospects citing 5G monetisation potential, capex moderation, and strong free cash flow generation. Jefferies and JP Morgan are acting as advisors and bankers to the deal.
Published on: August 8, 2025
JSW Cement Ltd.’s ₹3,600 crore initial public offering was subscribed 0.56 times, or 56%, by the end of its second day of bidding on Friday, matching the Day One subscription level.
The issue, priced between ₹139 and ₹147 per share, comprises a fresh issue worth ₹1,600 crore and an offer for sale of ₹2,000 crore by existing shareholders, including State Bank of India. As of 5:00 p.m., retail investors led with 72% subscription, followed by non-institutional buyers at 62% and qualified institutional buyers at 24%.
At the upper band, the cement maker is valued at ₹19,565 crore and will be the sixth listed company from the Sajjan Jindal-led JSW Group. The IPO closes on Aug. 11, with share allotment expected on Aug. 12 and listing on Aug. 14.
According to InvestorGain, the grey market premium stands at ₹9, implying an estimated listing price of ₹156, or a 6.12% premium over the issue price.
Published on: August 7, 2025
Prism Johnson Ltd. saw its share price surge nearly 5% on Thursday after reporting a sharp reduction in net loss for the first quarter of FY26. The company’s consolidated net loss narrowed 69.2% YoY to Rs 5.6 crore, down from Rs 18.2 crore in the same period last year. The improvement was attributed to revenue growth and better operating cost leverage.
During the April–June quarter, consolidated revenue rose 10% year-on-year to Rs 1,922 crore, while EBITDA increased 27.4% to Rs 168 crore from Rs 132 crore. The profit margin expanded 120 basis points to 8.8%, reflecting operational gains.
Shares of Prism Johnson climbed to Rs 152.9, their highest level since July 6, before paring some gains to trade 1.35% higher at Rs 147.84 as of 1:10 p.m., even as the Nifty 50 index declined 0.70%. Trading volumes were 6.5 times the 30-day average, with the Relative Strength Index (RSI) at 38.1, indicating neutral momentum.
In a corporate update, the company announced the appointment of Nitesh Mathur as Senior Vice President of its Johnson Bath Division, effective Thursday.
Despite the positive quarterly performance, the stock is down 8.13% over the past 12 months and 13.1% year-to-date. According to Bloomberg data, out of five analysts tracking the stock, one recommends a ‘buy’, two suggest ‘hold’, and two rate it ‘sell’. The 12-month consensus price target implies a modest 1% upside from current levels.
Published on: August 7, 2025
The Enforcement Directorate (ED) on Thursday conducted coordinated raids at 12 locations across Jharkhand, West Bengal, and Maharashtra as part of an ongoing probe into a massive ₹750 crore fake Input Tax Credit (ITC) scam, officials confirmed.
The early morning searches were carried out under the Prevention of Money Laundering Act (PMLA), 2002, and are aimed at uncovering the network of shell companies and unauthorised financial channels allegedly used to launder illicit ITC claims.
The investigation stems from the arrest of Shiva Kumar Deora in May 2025, who is believed to be the mastermind of the syndicate. His interrogation and subsequent analysis of seized materials have led investigators to identify several additional individuals and entities involved in laundering the proceeds of crime.
According to officials, the current raids follow credible leads and are focused on tracing the broader money trail, uncovering the beneficiaries, and securing incriminating documents and digital evidence linked to the scam.
This operation marks another significant step in the ED’s intensified crackdown on GST fraud and financial crimes, following similar recent actions in high-value cyber and crypto scams.
Published on: August 7, 2025
Shares of Hero MotoCorp gained 2.3% to hit the day’s high of Rs 4,577.40 on the BSE on Thursday after the two-wheeler major reported a net profit of Rs 1,125.7 crore for the June quarter. This marked a marginal increase from Rs 1,122.6 crore a year earlier and surpassed market expectations, despite a notable decline in sales.
The company’s revenue from operations declined 5.6% YoY to Rs 9,578.9 crore, while unit sales fell 10.9% to 13.67 lakh units, down from 15.35 lakh in the same period last year. EBITDA stood at Rs 1,382 crore, with the EBITDA margin stable at 14.4%, reflecting operational resilience.
CFO Vivek Anand highlighted strong demand in entry, deluxe, and 125cc scooter segments as key margin drivers. He also pointed to growing traction in Hero's electric mobility (VIDA) segment and solid performance in international markets.
Looking ahead, Anand expressed optimism fueled by upcoming festive demand and a robust product pipeline, positioning the company for continued growth.
According to Trendlyne, the stock has an average price target of Rs 4,553, indicating a 2% upside from current levels. It holds a ‘Hold’ rating from 36 analysts. On Wednesday, Hero MotoCorp shares closed 1.5% lower at Rs 4,474.5, underperforming the Sensex, which slipped 0.21%. The stock is down 13% over the past year but has surged 52% in the last two years, with a market cap of Rs 89,497 crore.
Published on: August 7, 2025
Hero MotoCorp reported a largely steady financial performance for the first quarter of FY26, with its net profit aligning with analysts’ expectations but revenue and EBITDA falling slightly short. The New Delhi-based two-wheeler giant posted a standalone net profit of Rs 1,126 crore for the quarter ended June 30, marginally higher than Rs 1,122 crore in the year-ago period.
While revenue declined 5.6% YoY to Rs 9,579 crore, it missed the Rs 9,907 crore estimate projected by Zee Business. Similarly, EBITDA came in at Rs 1,382 crore, slightly below the Rs 1,393 crore forecast.
However, operational efficiency remained intact, with margins holding steady at 14.4%, outperforming the estimated 14.1%. During the quarter, Hero MotoCorp sold 13.67 lakh units, and introduced new models including the Destini 125, Xoom 125, and HF Deluxe Pro.
Despite the mixed earnings, Hero MotoCorp shares declined 1.5% on Wednesday to close at Rs 4,474.5 apiece on the BSE. Still, the stock has outperformed broader indices this year, gaining 6.8%, compared to the 3.5% rise in the Nifty50 and 2.6% in the Nifty Auto index.
Published on: August 7, 2025
Indian benchmark indices opened in the red on Wednesday, reflecting a cautious mood in domestic markets despite broadly supportive global cues. The BSE Sensex declined 236.16 points or 0.29% to 80,307.83 at open, while the Nifty50 slipped 77.75 points or 0.32%, falling below the psychological 24,500 level to trade at 24,496.45.
Market breadth was negative, with 1,433 stocks declining against 751 advances, and 150 remaining unchanged, according to BSE data—indicating overall weakness across sectors.
On the Nifty, early gainers included Hero MotoCorp, Cipla, Bajaj Finserv, Maruti Suzuki, and JSW Steel. In contrast, Kotak Mahindra Bank, Tata Steel, SBI, Coal India, and Jio Financial Services were among the top laggards.
Investor focus will remain on Q1 earnings and key updates from several companies scheduled to report today, including Trent, Hero MotoCorp, Bharat Forge, BHEL, Lumax Industries, Jindal Stainless, Fortis Healthcare, Datamatics Global, Bajaj Holdings, Eternal, Cash Ur Drive Marketing, and Renol Polychem. These results could provide further direction to the market in the near term.
Published on: August 6, 2025
The National Securities Depository Limited (NSDL), India’s oldest and largest depository, made its stock market debut on August 6, listing at Rs 880 — a 10% premium over the issue price of Rs 800. The Rs 4,011.60 crore IPO witnessed overwhelming investor interest, with overall subscription reaching 41 times, led by strong demand from Qualified Institutional Buyers (QIBs), who oversubscribed by over 100 times. Retail and non-institutional categories also saw robust participation.
The IPO, primarily an offer for sale by major stakeholders including NSE, SBI, HDFC Bank, and IDBI Bank, drew positive reviews from leading brokerages. Analysts from Anand Rathi and Geojit highlighted NSDL’s strong fundamentals, digital infrastructure focus, and reasonable valuations. With a dominant market share, 39.45 million active Demat accounts, and a presence in 194 countries, NSDL is viewed as a key player in India’s financial market infrastructure with strong growth potential.
Published on: August 6, 2025
Coal India has permitted power utilities to sell electricity generated from coal supplied under long-term linkage contracts on power exchanges, in a strategic move to ensure steady coal demand. The state-run miner announced the decision in a notice dated August 6, aiming to address declining offtake as coal usage in power generation has dropped for the fourth consecutive month, despite rising electricity consumption.
The move comes amid a trend where thermal power plants are increasingly drawing from existing inventories rather than placing new coal orders with Coal India. By allowing sale of power on exchanges, Coal India hopes to make coal procurement more attractive for utilities, thus maintaining a steady offtake under long-term fuel supply agreements.
This policy shift is expected to offer power producers greater flexibility and improve liquidity in the electricity market, potentially boosting efficiency in the power sector while helping Coal India manage its coal stock more effectively.
Published on: August 6, 2025
Britannia Industries reported a modest 2% year-on-year (YoY) growth in consolidated net profit for Q1 FY26 at Rs 521 crore, compared to Rs 506 crore in the same period last year. Revenue from operations rose 9% YoY to Rs 4,622 crore, supported by double-digit sales growth in key states and bakery categories.
Despite the annual growth, the company’s profit after tax (PAT) declined 7% sequentially from Rs 560 crore in Q4 FY25, even as revenue rose 4% quarter-on-quarter. Total expenses for the quarter surged to Rs 3,973 crore, up from Rs 3,600 crore YoY, driven by a 15% rise in material costs to Rs 2,551 crore.
Executive Vice-Chairman and CEO Varun Berry credited the performance to focused execution, better retail servicing, and efficiency improvements. The company also benefited from a slight recovery in both urban and rural consumption amid easing inflation.
Profit before tax stood at Rs 701 crore, compared to Rs 681 crore in Q1 FY25 and Rs 752 crore in the previous quarter. Finance costs declined marginally to Rs 26 crore.
Despite the operational progress, Britannia shares fell 3% on Wednesday to a day’s low of Rs 5,465.75 on the BSE, reacting to the sequential dip in profits. The stock had closed 2.7% lower the previous day at Rs 5,631.35.
Published on: August 6, 2025
Indian equity benchmark indices closed in the red for the second consecutive session on August 7, pressured by losses in heavyweight stocks such as Wipro, Sun Pharma, and Jio Finance. The NSE Nifty 50 declined 75 points, or 0.31%, to settle at 24,574, while the BSE Sensex dropped 166 points, or 0.21%, to close at 80,543.
Despite the weakness, select stocks like HDFC Life (+1.96%), M&M, Bharat Electronics, and Adani Ports posted gains, helping limit further downside in the benchmarks. However, market breadth remained negative, with declines dominating advances on the BSE.
Sectorally, nine out of 12 indices ended in the red, led by losses in Nifty Pharma, IT, Realty, and Media. On the other hand, Finance and Bank indices bucked the trend to close in positive territory.
Broader markets saw deeper cuts, with the BSE Midcap index falling 1% and the Smallcap index shedding 1.14%. Market sentiment remained cautious, as 2,700 stocks declined, while only 1,351 advanced and 146 remained unchanged.
Published on: August 6, 2025
Hero MotoCorp reported a flat net profit of Rs 1,126 crore for Q1 FY26, with revenue slipping 5.5% YoY to Rs 9,579 crore, reflecting a tepid start to the fiscal year for the two-wheeler major. The result came amid a broader earnings season where nearly 161 companies announced their Q1 results.
Retail-focused Trent Ltd posted a 24% rise in net profit to Rs 423 crore, with a 20% growth in revenue, reflecting strong consumer demand. Jindal Stainless also delivered solid performance with a 10% YoY jump in net profit to Rs 714 crore and revenue of Rs 10,207 crore.
In contrast, Blue Star reported a 28% decline in net profit at Rs 121 crore, despite revenue increasing to Rs 2,982 crore, highlighting margin pressures. Godrej Agrovet saw its net profit rise by 19% to Rs 161 crore, driving a 3% gain in share price post-earnings. KPR Mill posted a 5% YoY increase in profit at Rs 213 crore, with revenue rising to Rs 1,766 crore.
The Q1 earnings season continues to show a mixed picture, with sectors like retail and metals showing resilience, while auto and capital goods players face margin and demand headwinds.