KEY HIGHLIGHTS
HAL Share Price Rises Over 2% Despite Q1 Profit Slip; Brokerages Remain Bullish
Hindustan Aeronautics shares were up over 2% after the company posted first-quarter results on Monday. Despite the profit slipping by 4%, Morgan Stanley and JP Morgan remained positive on their outlook. While UBS flags concerns around valuation and visibility.
The company reported a decline in its net profit for the first quarter of financial year 2026. Its consolidated net profit declined 4.1% on the year to Rs 1,377 crore. Despite this, HAL saw its revenue, operating profit, and profit margin rise.
Stock Market Today: NMDC Steel Shares Jump Nearly 16% After Profitable Q1
NMDC Steel Ltd.'s shares jumped nearly 16% during early trade on Wednesday after the company swung to profit in the first quarter of the current financial year. Trading volume surged.
The PSU reported a net profit of Rs 25.6 crore in the April-June quarter, as compared to a loss of Rs 547 crore in the year-ago period. Revenue from operations stood at Rs 3,365 crore, up over 19% from Rs 2,838 crore from the corresponding quarter of the last fiscal.
Stock Market LIVE Update: Indoco Remedies Gets Nod From US FDA For Drug To Treat Blood Clot
Indoco Remedies has received final nod from the US Food and Drug Administration for Rivaroxaban tablets which are used in to treat blood clots in veins, the company said in exchange filing.
Nykaa Share Price Rises As Net Profit More Than Doubles
Nykaa's parent FSN E-Commerce share price rose in Wednesday's session as the company reported that it net profit more than doubled in first quarter. Its consolidated net profit advanced 142% on the year to Rs Rs 23.32 crore versus Rs 9.64 crore.
Paytm Share Price At Over Three-Year High After RBI Approves Online Payment Aggregator License
Paytm-parent One97 Communications Ltd. shares rose to the highest level since January 2022 on Wednesday after the Reserve Bank of India allowed subsidiary Paytm Payments Services Ltd. to operate as an online payment aggregator.
The RBI asked the company to undertake a system audit that also includes a cybersecurity audit and submit the report to the central bank within six months. If the company fails to submit the report, the in-principle authorisation granted shall lapse and the final authorisation will not be considered.
Also Read: Paytm Payments MD And CEO Nakul Jain Quits As Company Awaits RBI Nod For Aggregator License
Sectoral Performance At Open: Nifty Defence Outperforms
On National Stock Exchange, all 15 sectoral indices opened higher with the NSE Nifty Defence outperforming.
Nifty Contributors: RIL, HDFC Bank, And Apollo Hospitals Support Gains
Reliance Industries Ltd., HDFC Bank Ltd., Apollo Hospitals Enterprise Ltd., Bharat Electronics Ltd., and Eternal Ltd. added to the NSE Nifty 50 index.
Axis Bank Ltd., Maruti Suzuki India Ltd., Tech Mahindra Ltd., HCLTech Ltd., and Wipro India Ltd. limited gains in the NSE Nifty 50 index.
Stock Market Today: Nifty, Sensex Rebound From Two-Day Slump
The NSE Nifty 50 and BSE Sensex rose at open on Wednesday as heavyweight Reliance Industries Ltd. and HDFC Bank Ltd. shares led. The indices were trading 0.37% and 0.33% higher, respectively as of 9:19 a.m.
Market Experts' View: If Nifty Surpasses 24,570, It May Rally To 24,770, Says Kotak Securities
"From a technical perspective, after an initial intraday rally, the market encountered resistance near the 24,700 level and reversed sharply. From its highest point of the day, the market dropped over 225 points. We believe the current market structure is lacking direction; therefore, level-based trading would be the ideal strategy for day traders," said Shrikant Chouhan, head, equity research, Kotak Securities
"On the upside, 24,570 will serve as an immediate resistance zone. If the market surpasses this level, it could rebound to the range of 24,700 to 24,775. On the downside, if it falls below 24,400, we can expect increased selling pressure and may fall to 24350 or 24250 levels," he said.
Market Pre-Open: Nifty, Sensex Rise At Pre-Open
The NSE Nifty 50 rose 0.30% to 24,586.20, and the BSE Sensex rose 0.32% to 24,586.20
Yield On 10-Year Bond Opens Sharply Lower
The yield on the 10-year bond opened 10 basis points lower at 6.39%
It closed at 6.49% on Tuesday
Source: Bloomberg
Rupee Opens Stronger Against US Dollar
Rupee opened 6 paise stronger at 87.65 a dollar
It closed at 87.71 a dollar on Tuesday.
Source: Bloomberg
HAL Q1 Review: Can Order Execution Keep Up The Momentum? Brokerages Weigh In
Hindustan Aeronautics (HAL) received mixed reactions from Morgan Stanley, UBS, and JPMorgan with an encouraging outlook, even after the profit slipped by 4%. While all three acknowledge a strong first quarter for the financial year 2026, they differ in their long-term views.
Morgan Stanley and JP Morgan remain positive on their outlook, while UBS flags concerns around valuation and visibility. They also point out the need for the company to show strong and continued execution to justify stretched valuations.
Regaal Resources Aiming To Become Third Largest With Current Expansion Plan, Says CMD And Director
With the current expansion plan, Regaal Resources Ltd. is confident it will grab the third top spot in the industry in terms of capacity, said Karan Kishorepuria, whole-time director. In terms of having the single plant, Regaal Resources will likely hold the top spot.
Medistep Healthcare IPO Allotment In Spotlight Today: Check Status, GMP And Listing Date
Medistep Healthcare IPO share allotment status is scheduled to be finalised on August 13. The initial public offering (IPO) of Medistep Healthcare Ltd. was oversubscribed 382.14 times on the third and final day of bidding on August 12.
Stock Market LIVE: Jefferies On India Strategy
Ripe for a short term bounce
Believe Indian equity mkt is poised for a short-term bounce after a sharp underperformance to MSCI EM over the last 12 mths
Relative valuations back to average, domestic flows jumping considerably and a likely strong YoY numbers in September 2025 quarter due to low base are key reasons
Potential trade dispute resolution with the US being the trigger
The bounce, however, may not sustain for long due to the weak value vs growth equation and equity supply concerns
Asia Market LIVE Update: Nikkei 225, CSI 300, And Hang Seng Rise
Markets across Japan, Hong Kong, and China were trading higher on Wednesday as traders bet on September rate cut in the US. Inflation data showed expected increase in price pressure in July which raised hopes for monetary easing.
The Nikkei 225 and CSI 300 were trading 1.30% and 0.30% higher, respectively as of 7:33 a.m.
US Market Update: S&P 500 And Nasdaq 100 Futures Rise On Fed Rate-Cut Hopes
Most US futures were trading higher in Asia trade session on Wednesday as hopes for for rate cut from the US Federal Reserve rose following expected inflation data.
The S&P 500 and Nasdaq 100 futures were trading 0.89% and 0.88% higher, respectively as of 7:28 a.m.
On Tuesday, the S&P 500 and Nasdaq 100 indices hit a record high.
LIVE: GIFT Nifty Implies Positive Open; Apollo Hospitals, NSDL, Suzlon Energy Shares In Focus
Good morning, welcome to NDTV Profit's live blog for stock market coverage.
The GIFT Nifty was trading 0.05% or 12.50 points higher at 24,631.50 as of 6:43 a.m. This implied the NSE Nifty 50 index may open 144 points higher than the previous close.
Suzlon Energy Ltd., National Securities Depository Ltd., Honasa Consumer Ltd., Premier Explosives Ltd., and FSN E-Commerce Ltd. shares likely be in focus because of first-quarter results.
The benchmark equity indices closed for in the red for the second straight day on Tuesday as shares of HDFC Bank Ltd, ICICI Bank Ltd and Bajaj Finance Ltd dragged.
The NSE Nifty 50 ended 97.6 points or 0.4% lower at 24,487.4 and the BSE Sensex ended 368.49 points or 0.46% down at 80,235.59.
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