Stock Market Live: Nifty Below 24,600, But Sensex Gains 100 Points; Grasim, Titan Shares Fall Up To 4%
Nifty Realty fell 1.48%, followed by Nifty IT at 0.99% and Nifty FMCG at 0.94%. Nifty Auto and Nifty Bank declined 0.78% each.
Hello and welcome to our live coverage on stock markets.
Indian equity benchmarks traded mixed on Tuesday. The NSE Nifty 50 fell as much as 0.7% to 24,589.85, while the BSE Sensex rose 0.1% or 100 points to 78,744.34.
Meanwhile, Asian stock markets traded mixed on Tuesday, with Japan and South Korea declining as investors assessed the latest developments between the United States and Iran after President Donald Trump warned Tehran that it had a final opportunity to reach an agreement.
South Korea's Kospi fell 2.12% and Japan's Nikkei 225 declined 1.10%. Australia's ASX 200 bucked the trend, rising 0.70%.
Oil prices stabilised after falling sharply in the previous session as traders weighed the possibility of more shipping returning to the Strait of Hormuz. Brent crude traded around $84 a barrel after losing nearly 5% on Monday, its steepest decline in a week. West Texas Intermediate held near $81 a barrel.
Trump said he expected the Strait of Hormuz to reopen fully and indicated that shipping through the waterway could resume as soon as Tuesday. He also described his latest offer to Tehran as its "last chance" to reach an agreement.
"This is a last chance for them to sign a good document," Trump told reporters at the Oval Office on Monday, without providing details about the negotiations or identifying the parties involved in the discussions.
Iran, however, denied that it was holding talks with Washington. Tehran said separate discussions with Oman aimed at increasing vessel traffic through the Strait of Hormuz were progressing.
Mohsen Rezaee, an adviser to Iran's Supreme Leader, said on state television that Washington needed to "take the first step and change its behavior", highlighting the differences that remain between the two sides.
Investors are expected to continue tracking developments around the Strait of Hormuz, with any progress towards restoring shipping flows likely to influence crude prices and sentiment across Asian markets.
Stock Market Live: Symphony Q1 Ebitda Rises 28%, Margin Expands
- Symphony’s consolidated net profit fell 4.8% year-on-year to Rs 40 crore, while revenue rose 8% to Rs 378 crore.
- Ebitda increased 27.8% to Rs 46 crore. Ebitda margin expanded to 12.2% from 10.3% a year earlier.
Stock Market Live: Meta Officials To Meet Government On Aug. 5-6
Electronics and IT Secretary S Krishnan said Meta officials will meet the government on Aug. 5 and 6 to discuss compliance with Indian laws, AI-generated content and safeguards for content takedowns involving prominent individuals.
Krishnan said approvals under the Electronics Component Manufacturing Scheme are expected soon. The government is also examining industry feedback on AI regulation and responses from messaging platforms on the username requirement.
Stock Market Live: Garden Reach Shipbuilders Gets Rs 37.9 Crore Order From Kolkata Port
Garden Reach Shipbuilders has received a letter of intent worth Rs 37.9 crore from Syama Prasad Mookerjee Port for constructing a 15-tonne bollard pull electric battery propulsion tug, according to an exchange filing.
Stock Market Live: Zydus Wellness Q1 Revenue Rises 67%, Margin Narrows
- Zydus Wellness’ consolidated net profit fell 7% year-on-year to Rs 119 crore, while revenue increased 66.9% to Rs 1,437 crore.
- Ebitda rose 55.3% to Rs 242 crore, while the Ebitda margin narrowed to 16.8% from 18.1%.
Stock Market Live: Jindal Stainless Sees Domestic Steel Demand Remaining Strong
- Tarun Khulb of Jindal Stainless told NDTV Profit that domestic demand remains strong, though the Middle East conflict, higher raw material prices and freight costs affected Q1.
- The company is on track to reduce net debt to Rs 2,800 crore in FY27. It plans to expand into more locations, including Maharashtra, and increase its focus on value-added products.
Stock Market Live: Uno Minda Q1 Revenue Rises 24%, Margin Narrows
- Uno Minda’s consolidated net profit rose 1.8% year-on-year to Rs 296 crore, while revenue increased 23.8% to Rs 5,557 crore.
- Ebitda grew 5.2% to Rs 572 crore, while the Ebitda margin narrowed to 10.3% from 12.1%. The company will voluntarily liquidate its subsidiary, Uno Minda Mobility.
Stock Market Live: Motherson Sumi Q1 Revenue Rises 37%, Margin Narrows
- Motherson Sumi’s consolidated net profit rose 1.6% year-on-year to Rs 145 crore, while revenue increased 36.6% to Rs 3,407 crore.
- Ebitda grew 5.7% to Rs 258 crore, while the Ebitda margin narrowed to 7.6% from 9.8%.
Stock Market Live: Consumer Affairs Department Flags 3 Lakh Annual Repair, Replacement Complaints
- Consumer Affairs Secretary Nidhi Khare said the department receives about 3 lakh complaints each year related to repairs and replacements. The BIS has been tasked with setting standards, though compliance requirements remain a concern for MSMEs.
- Consumers are increasingly using Jago Grahak Jago and e-Jagriti to seek redressal. The platform had 4.55 lakh users, including non-resident Indians, as of July 25.
Stock Market Live: Pine Labs Expects Payments Firms To Benefit From Amended Act
- Sameer Kamath of Pine Labs told NDTV Profit that the amended Act will give the RBI more discretion and support wider UPI adoption. The company has launched EMI products on the UPI network.
- Pine Labs plans to recover past investments through higher monetisation. Its online business is growing at about 50%.
Stock Market Live: Domestic Demand Remains Strong, Says Pankaj Murarka
- Pankaj Murarka of Renaissance Investment Managers told NDTV Profit that domestic demand remains strong despite global challenges, with the GST cut supporting consumption. He expects higher foreign investor flows into banks and sees opportunities in precision engineering.
- Murarka said IT companies could increase discretionary spending as artificial intelligence adoption expands. He added that investment is shifting towards cash-generating technology companies, while 70% of the companies listed in 2025 are trading below their issue prices.
Stock Market Live: Cipla Gets US FDA Inspection Closure Report For InvaGen Unit
- Cipla has received an Establishment Inspection Report from the US Food and Drug Administration for InvaGen Pharmaceuticals’ New York facility.
- The report indicates the closure of the inspection, according to an exchange filing.
Stock Market Live: Thangamayil Jewellery Reports Rs 344 Crore Sales In August So Far
Thangamayil Jewellery recorded sales of Rs 344 crore in August so far, according to an exchange filing.
Stock Market Live: Borosil, Nelco Lead Select Stock Gainers
- Borosil rose 1.88%, followed by Nelco at 1.75% and Piramal Finance at 1.42%. Jio Financial Services gained 1.01%.
- Wipro fell 0.38%, while Ajmera Realty and Tech Mahindra declined 0.31% and 0.25%, respectively.
Stock Market Live: BPCL Falls 1.5% As Oil Marketing Companies Decline
- Bharat Petroleum fell 1.45%, while Hindustan Petroleum declined 0.15%.
- Indian Oil Corporation traded 0.12% lower.
Stock Market Live: Dixon Technologies, Kaynes Technology Trade Higher
Dixon Technologies gained 0.86%, while Kaynes Technology India rose 0.50%.
Stock Market Live: Avadh Sugar Jumps 15% As Sugar Stocks Gain
- Avadh Sugar & Energy rose 14.72%, while Mawana Sugars gained 5%.
- Dwarikesh Sugar, Dalmia Bharat Sugar, Bajaj Hindusthan Sugar, Balrampur Chini Mills and Shree Renuka Sugars advanced between 2.10% and 3.62%.
Stock Market Live: Nifty Bank Falls 0.9% In Early Trade
Nifty Bank traded 0.86% lower at 57,744.30 after moving between an intraday high of 58,068.95 and a low of 57,651.15.
Stock Market Live: Persistent Systems Leads IT Stock Declines
- Persistent Systems fell 1.70%, followed by Infosys at 1.50% and TCS at 1.42%. Mphasis and Coforge declined 1.26% and 1.19%, respectively.
- Oracle Financial Services Software gained 1.12%, trading against the sectoral trend.
Stock Market Live: ICICI Bank, Reliance Lead Nifty 50 Decline
- ICICI Bank dragged the Nifty 50 lower by 21.46 points, followed by Reliance Industries at 17.48 points. HDFC Bank, Infosys and Axis Bank pulled the index down by 11.50-13.58 points each.
- Hindalco contributed 4.04 points to the index, while Tata Steel added 2.60 points. Adani Ports, IndiGo and Trent also supported the benchmark.
Stock Market Live: Nifty Realty, IT Lead Sectoral Declines
- Nifty Realty fell 1.48%, followed by Nifty IT at 0.99% and Nifty FMCG at 0.94%. Nifty Auto and Nifty Bank declined 0.78% each.
- Nifty Metal gained 0.52%, while Nifty Energy rose 0.10% and Nifty Defence added 0.02%.
Stock Market Live: Airtel, ONGC, Nykaa Among Companies Reporting Today
- A large set of companies is scheduled to report earnings on Tuesday, keeping stock-specific action in focus through the session.
- Key companies due to report include Bharti Airtel, Bharti Hexacom, ONGC, Godrej Properties, Marico, Pidilite Industries, MCX, Kalyan Jewellers, Nykaa operator FSN E-Commerce Ventures, PNB Housing Finance, UNO Minda, United Breweries, NHPC, Deepak Nitrite, Metro Brands, Metropolis Healthcare, RITES, Sanofi India, Tata Investment Corporation, Timken India, VRL Logistics, Zydus Wellness, Greaves Cotton, Graphite India, Safari Industries, Symphony and Motherson Sumi Wiring India.
Stock Market Live: No Stocks Under F&O Ban Today
No stocks are under the futures and options trading ban for Tuesday's session.
Stock Market Live: Nifty Below 24,600, Sensex Gains Over 100 Points
- The NSE Nifty 50 fell as much as 0.7% to 24,589.85.
- The BSE Sensex rose 0.1% or 100 points to 78,744.34.
Stock Market Live: Mahamaya Steel, Ujaas Energy Price Bands Cut To 10%
- Mahamaya Steel Industries and Ujaas Energy will see revisions to their trading price bands.
- The price band for both securities has been reduced to 10% from 20%.
Stock Market Live: 63 Moons Placed Under Short-Term ASM Framework
- 63 Moons Technologies has been shortlisted under the Short-Term Additional Surveillance Measure framework.
- Separately, Ind-Swift Laboratories, S.P. Apparels and TechNVision Ventures will be excluded from the ASM framework.
Stock Market Live: Thirumalai Chemicals Board To Consider Fundraise
- Thirumalai Chemicals will hold a board meeting to consider a fundraising proposal.
- The terms and structure of any fundraising will depend on the board's decision.
Stock Market Live: VRL Logistics Board To Consider Share Buyback
- VRL Logistics will hold a board meeting to consider a proposal for a share buyback.
- The company is also scheduled to hold its annual general meeting on Tuesday.
Stock Market Live: Meesho Sees 2.27% Equity Change Hands In Block Deals
- About 10.48 crore Meesho shares changed hands through two block deals, representing 2.27% of the company’s equity, Bloomberg data showed.
- The buyers and sellers were not immediately known.
Stock Market Live: Thomas Cook Q1 Ebitda Rises 35.6%
Thomas Cook reported its June-quarter earnings, with revenue, Ebitda and net profit increasing from a year earlier.
Thomas Cook (Q1, YoY)
- Net profit up 5.8% at Rs 58.7 crore versus Rs 55.5 crore.
- Revenue up 1.2% at Rs 828 crore versus Rs 818 crore.
- Ebitda up 35.6% at Rs 41.5 crore versus Rs 30.6 crore.
- Ebitda margin at 5% versus 3.7%.
Stock Market Live: Paytm Sees 2.32% Equity Change Hands In Block Deals
- About 2.32% of Paytm’s equity changed hands through three block deals.
- The buyers and sellers were not immediately known.
Stock Market Live: Piramal Pharma Resumes Operations At Ahmedabad Facilities
- Piramal Pharma resumed operations at its Ahmedabad facilities on Aug. 3.
- Limited restoration work remains at the facilities, while the company said it does not expect a material impact.
Stock Market Live: Poonawalla Fincorp Sees 47 Lakh Shares Change Hands In Block Deals
- About 47 lakh shares of Poonawalla Fincorp changed hands through two block deals, Bloomberg data showed.
- The buyers and sellers were not immediately known.
Stock Market Live: Texmaco Rail Q1 Revenue Falls 16.9%
Texmaco Rail reported its June-quarter earnings, with net profit rising even as revenue and Ebitda declined from a year earlier.
Texmaco Rail (Q1, Consolidated YoY)
- Net profit up 69.7% at Rs 50.9 crore versus Rs 30 crore.
- Revenue down 16.9% at Rs 757 crore versus Rs 911 crore.
- Ebitda down 19.6% at Rs 57 crore versus Rs 70.9 crore.
- Ebitda margin at 7.5% versus 7.8%.
Stock Market Live: Apple Restores Telegram After Brief App Store Removal
- Apple briefly removed Telegram from the App Store over content that violated its rules, Bloomberg reported.
- The company subsequently restored the messaging app.
Stock Market Live: Jupiter Wagons Raises Stake In JTRWF To 100%
- Jupiter Wagons acquired the remaining 1.94% stake in JTRWF for Rs 16.53 crore.
- Separately, Italy's Lucchini RS and SIMEST will acquire a 25% stake in JTRWF for about €28 million to develop an integrated private-sector rail wheel, axle and wheelset manufacturing platform in India.
Stock Market Live: DOMS Industries Q1 Profit Falls 22.3%
DOMS Industries reported its June-quarter earnings, with revenue rising while Ebitda, margin and net profit declined from a year earlier.
DOMS Industries (Q1, Consolidated YoY)
- Net profit down 22.3% at Rs 44.5 crore versus Rs 57.3 crore.
- Revenue up 19.2% at Rs 671 crore versus Rs 562 crore.
- Ebitda down 16.4% at Rs 82.6 crore versus Rs 98.7 crore.
- Ebitda margin at 12.3% versus 17.6%.
Stock Market Live: Motherson Unit Acquires Remaining Stake In Vacuform
- Samvardhana Motherson's step-down subsidiary MSSL RSA completed the acquisition of the remaining 49% stake in South Africa-based Vacuform on Aug. 3.
- Following the transaction, Vacuform became an indirect wholly owned subsidiary.
Stock Market Live: Gulf Oil Lubricants Q1 Profit Rises 28.5%
Gulf Oil Lubricants reported its June-quarter earnings, with revenue, Ebitda and net profit increasing from a year earlier.
Gulf Oil Lubricants (Q1, Consolidated YoY)
- Net profit up 28.5% at Rs 123 crore versus Rs 95.9 crore.
- Revenue up 30.6% at Rs 1,327 crore versus Rs 1,017 crore.
- Ebitda up 30.8% at Rs 166 crore versus Rs 127 crore.
- Ebitda margin flat at 12.5%.
Stock Market Live: PC Jeweller Clears Debt With Two More Consortium Banks
- PC Jeweller repaid and cleared outstanding debt with two more consortium banks under its September 2024 settlement agreement.
- The company has now cleared debt with seven of the 14 consortium banks, with all seven repayments completed ahead of their scheduled due dates.
- PC Jeweller also allotted 1.11 crore equity shares to promoter Balram Garg following the conversion of 1.11 crore warrants. The company received Rs 14.92 crore, while 5.56 crore warrants remain pending conversion.
Stock Market Live: Stove Kraft Q1 Net Profit Jumps 64.4%
Stove Kraft reported its June-quarter earnings, with revenue, Ebitda and net profit increasing from a year earlier.
Stove Kraft (Q1, YoY)
- Net profit up 64.4% at Rs 17.1 crore versus Rs 10.4 crore.
- Revenue up 41.3% at Rs 481 crore versus Rs 340 crore.
- Ebitda up 50.1% at Rs 53.6 crore versus Rs 35.7 crore.
- Ebitda margin at 11.2% versus 10.5%.
Stock Market Live: IGI Gets Rs 462 Target From Morgan Stanley
Morgan Stanley maintained its Overweight rating on International Gemmological Institute after management reiterated its growth guidance.
Morgan Stanley
- Maintain Overweight
- Target price: Rs 462
- Management projects certification market volumes to grow at a 17–19% CAGR over CY25–30.
- Wholesale lab-grown diamond pricing has remained flat over the past two years.
- Growers are adding capacity after almost three years.
- Management reiterated guidance of 15% top-line growth and 20% Ebitda growth for FY27.
- Management expects growth to be volume-led.
- IGI continues its transition from a B2B company to also having a B2C presence.
Stock Market Live: KIMS Q1 Profit Falls 47.2%
KIMS reported its June-quarter earnings, with revenue and Ebitda increasing while net profit and operating margin declined from a year earlier.
KIMS (Q1, Consolidated YoY)
- Ebitda margin at 18.9% versus 22.1%.
- Ebitda up 16% at Rs 223 crore versus Rs 193 crore.
- Revenue up 35.3% at Rs 1,180 crore versus Rs 872 crore.
- Net profit down 47.2% at Rs 41.5 crore versus Rs 78.6 crore.
- To give loan or guarantee of Rs 650 crore to arms.
Stock Market Live: Arvind Opens QIP At Rs 518.58 Floor Price
- Arvind Ltd opened its qualified institutional placement on Aug. 3.
- The QIP floor price has been set at Rs 518.58 per share.
Stock Market Live: Restaurant Brands Q1 Loss Narrows To Rs 28.3 Crore
Restaurant Brands reported its June-quarter earnings, with its loss narrowing as revenue and Ebitda increased from a year earlier.
Restaurant Brands (Q1, Consolidated YoY)
- Net loss at Rs 28.3 crore versus loss of Rs 41.9 crore.
- Revenue up 17.9% at Rs 823 crore versus Rs 698 crore.
- Ebitda up 37.6% at Rs 100 crore versus Rs 72.8 crore.
- Margin at 12.2% versus 10.4%.
Stock Market Live: GSK Pharma Q1 Net Profit Rises 15.7%
GSK Pharma reported its June-quarter earnings, with revenue, Ebitda and net profit increasing from a year earlier.
GSK Pharma (Q1, Consolidated YoY)
- Net profit up 15.7% at Rs 237 crore versus Rs 205 crore.
- Revenue up 16.5% at Rs 938 crore versus Rs 805 crore.
- Ebitda up 17.6% at Rs 295 crore versus Rs 251 crore.
- Margin at 31.5% versus 31.2%.
- Reappointed Bhushan Akshikar as managing director for two years.
Stock Market Live: Inox Green Gets NCLT Nod For Wind World Resolution Plan
- The NCLT approved the consortium resolution plan for Wind World India involving Inox Green Energy Services.
- Under the approved plan, the Inox Group will acquire Wind World India's operations and maintenance business and an approximately 600 MW IPP and power-sale portfolio.
Stock Market Live: Praj Unit Signs Rs 500-Crore Data Centre Supply Deal
- Praj Industries' subsidiary Praj GenX entered into a global supply agreement for hyperscale data centres.
- The agreement has a committed business value of Rs 500 crore.
Stock Market Live: SAMHI Hotels Board Approves Rs 750-Crore Fundraise
- SAMHI Hotels approved fundraising and an acquisition alongside changes to its authorised share capital.
- The board approved fundraising of up to Rs 750 crore and increased authorised capital to Rs 29 crore from Rs 25 crore.
- The company also approved the acquisition of a 100% stake in Itmenaan Lodges for Rs 12 crore.
Stock Market Live: SAMHI Hotels Q1 Profit Rises 5.8%
SAMHI Hotels reported its June-quarter earnings, with revenue, Ebitda and net profit increasing from a year earlier.
SAMHI Hotels (Q1, Consolidated YoY)
- Net profit up 5.8% at Rs 18.3 crore versus Rs 17.3 crore.
- Revenue up 12.1% at Rs 305 crore versus Rs 272 crore.
- Ebitda up 8.6% at Rs 98.3 crore versus Rs 90.5 crore.
- Margin at 32.2% versus 33.2%.
- To raise Rs 750 crore via equity and debt.
Stock Market Live: Power Grid Acquires Krishnagiri REZ Transmission
- Power Grid Corporation acquired Krishnagiri REZ Transmission under the tariff-based competitive bidding route for about Rs 19.82 crore.
- The SPV will develop the transmission system for the integration of Krishnagiri REZ Phase-I. The project includes two new 765/400 kV substations and associated transmission lines across Andhra Pradesh, Telangana and Karnataka.
Stock Market Live: Escorts Kubota Gets Rs 3,485 Target From Macquarie
Macquarie maintained its Outperform rating on Escorts Kubota while highlighting demand recovery and product launches after a margin-led Ebitda miss.
Macquarie
- Maintain Outperform
- Target price: Rs 3,485
- Demand is reviving in core markets alongside product launches.
- The company raised its tractor growth guidance.
- Macquarie expects Escorts Kubota to benefit from market-share gains in FY27E despite moderating industry demand YoY.
Stock Market Live: IREDA Q1 Net Profit Rises 37%
IREDA reported its June-quarter earnings, with net profit and total income increasing from a year earlier.
IREDA (Q1, Consolidated YoY)
- Net profit up 37% at Rs 339 crore versus Rs 247 crore.
- Total income up 15% at Rs 2,251 crore versus Rs 1,960 crore.
Stock Market Live: United Spirits Challenges FSSAI Order In Bombay High Court
- United Spirits filed a writ petition in the Bombay High Court challenging an FSSAI order affecting a product manufactured at its Baramati unit.
- The FSSAI order restricts the sale of the product over alleged label non-compliance.
Stock Market Live: United Spirits Gets Rs 1,575 Target From Goldman Sachs
Goldman Sachs maintained its Buy rating on United Spirits and sees a potential opening of the Tamil Nadu market as a growth trigger.
Goldman Sachs
- Maintain Buy
- Target price: Rs 1,575
- Tamil Nadu is India's largest spirits market and contributes about 16% of national volumes.
- Goldman Sachs sees potential liberalisation in Tamil Nadu as underappreciated optionality, drawing parallels with Andhra Pradesh.
- The brokerage sees multiple tailwinds emerging in H2FY27 and FY28.
Stock Market Live: Kansai Nerolac Approves Rs 601-Crore Capacity Addition
- Kansai Nerolac approved phased capacity additions across three locations as the paints company expands its manufacturing capacity.
- The company approved investments of Rs 601 crore at Sayakha, Bawal and Hosur. The capacity additions are scheduled through FY2028-29.
Stock Market Live: Kansai Nerolac Q1 Revenue Rises 9.8%
Kansai Nerolac reported its June-quarter earnings, with revenue, Ebitda and net profit increasing from a year earlier.
Kansai Nerolac (Q1, Consolidated YoY)
- Net profit up 4.8% at Rs 232 crore versus Rs 221 crore.
- Revenue up 9.8% at Rs 2,374 crore versus Rs 2,162 crore.
- Ebitda up 8.4% at Rs 329 crore versus Rs 303 crore.
- Margin at 13.9% versus 14%.
Stock Market Live: Kansai Nerolac Brokerages Flag Margin Concerns
Kansai Nerolac drew brokerage commentary after its June-quarter earnings, with analysts assessing industrial pricing and margin trends.
Macquarie
- Maintain Neutral
- Target price: Rs 215
- Q1 Ebitda was marginally ahead of its above-Street estimate.
- Macquarie sees growth concerns from a slower pace of industrial price hikes.
- The brokerage noted hopes of an industrial price increase.
Morgan Stanley
- Maintain Underweight
- Target price: Rs 193
- Top-line growth was in line, while margins were weak.
- Competitive intensity remains high, although the market has reached an equilibrium.
- Opus is competing for higher counter throughput.
- Kansai reiterated FY27 Ebitda margin guidance of 13–14%.
- Q2 margin is expected to remain flat YoY.
Stock Market Live: UPL Corporation CEO Mike Frank To Leave
- UPL Corporation Chief Executive Officer Mike Frank will leave the company on Aug. 31, 2026.
- Frank has spent 4.5 years with the company.
Stock Market Live: UPL Target Cut By Jefferies After Soft June Quarter
Jefferies cut its target price on UPL after flagging soft operational performance and higher working capital during the June quarter.
Jefferies
- Maintain Buy
- Target price cut to Rs 715 from Rs 810.
- Revenue growth was driven entirely by forex.
- Ebitda growth was soft despite inventory gains in UPL SAS.
- Working capital expanded while net debt remained flat.
- UPL guided for revenue growth of 7–11% and Ebitda growth of 10–14% in FY27.
- The stock has corrected 21% in YTDCY26.
Stock Market Live: Nifty 24,200 Strike Holds Maximum Put OI
- The 24,200 strike holds the maximum Put open interest on the Nifty ahead of Tuesday's trading session.
- The level represents the largest concentration of Put positions in the available derivatives data.
Stock Market Live: Nifty 25,000 Strike Holds Maximum Call OI
- Options data show that the 25,000 strike holds the maximum Call open interest for the Nifty.
- The concentration of Call OI makes 25,000 a key derivatives level to track during Tuesday's session.
Stock Market Live: Glenmark Pharma Target Raised By HSBC After Q1
HSBC raised its target price on Glenmark Pharmaceuticals as it expects an improving outlook for the company's US business.
HSBC
- Maintain Buy
- Target price raised to Rs 2,590 from Rs 2,575.
- Q1 was operationally in line with its forecast, supported by healthy sales growth in India and the US.
- A pick-up in gFlovent inhaler, other respiratory launches and supplies from Monroe could drive US sales growth.
- The next catalyst will be the IND filing to start human trials for ISB 2301.
Stock Market Live: KEI Approves Rs 700-Crore Capacity Expansion
KEI Industries approved an expansion of its wires and cables capacity at Salarpur in Rajasthan.
The company plans to invest Rs 700 crore in the project, which is expected to become operational by September 2028.
The board also approved the reappointment of Akshit Diviaj Gupta as whole-time director for five years.
Stock Market Live: KEI Industries Q1 Profit Rises 40.1%
KEI Industries reported its June-quarter earnings, with revenue, Ebitda and net profit increasing from a year earlier.
KEI Industries (Q1, Consolidated YoY)
- Ebitda margin at 12.4% versus 10%.
- Ebitda up 53.4% at Rs 396 crore versus Rs 258 crore.
- Revenue up 23% at Rs 3,185 crore versus Rs 2,590 crore.
- Net profit up 40.1% at Rs 274 crore versus Rs 196 crore.
Stock Market Live: Exide Brokerages Diverge After Q1
Brokerages maintained opposing views on Exide Industries after its June-quarter performance and as investors assess the company's lithium-ion investments.
Kotak Securities
- Maintain Sell
- Target price raised to Rs 325 from Rs 300.
- Lead-acid business performance remained strong.
- Expects steady performance in the lead-acid business.
- Exide is positioned to benefit from growing lithium-ion battery demand.
- Profitability and return ratios could remain under pressure.
- Kotak cited high capex requirements, the commoditised and B2B nature of the business and dependence on a partner for technical know-how.
Citi
- Maintain Buy
- Target price raised to Rs 510 from Rs 410.
- Management outlook remained optimistic after Q1FY27.
- Citi sees strong demand across rural and urban markets.
- The lithium-ion cell plant is approaching commercialisation.
- Citi awaits further details on customer wins and revenue from the lithium-ion cell business.
Stock Market Live: Great Eastern Shipping Q1 Profit At Rs 1,309 Crore
Great Eastern Shipping reported its June-quarter earnings, with revenue, Ebitda and net profit increasing from a year earlier.
Great Eastern Shipping (Q1, Consolidated YoY)
- Net profit at Rs 1,309 crore versus Rs 505 crore.
- Revenue up 66.9% at Rs 2,005 crore versus Rs 1,201 crore.
- Ebitda at Rs 1,338 crore versus Rs 642 crore.
- Margin at 66.7% versus 53.5%.
- Interim dividend of Rs 14.40 per share.
Stock Market Live: Adani Green Gets Rs 1,800 Target From Macquarie
Macquarie maintained its Outperform rating on Adani Green Energy, citing increased contracted capacity and improved cash-flow visibility.
Macquarie
- Maintain Outperform
- Target price: Rs 1,800
- 82% of run-rate Ebitda is now rated AA- or better versus nil in April 2019.
- The contracted framework enables higher leverage at a lower cost of capital.
- The framework supports a Rs 2.4 lakh crore capex programme through 2030E.
- Almost all operational capacity is contracted, reducing merchant price sensitivity.
- Counterparties rated AA or better have increased to 86% from 68% before the tie-up.
Stock Market Live: DLF Q1 Revenue Falls 52.9%, Profit Rises 4.1%
DLF reported its June-quarter earnings, with revenue and Ebitda declining while net profit increased from a year earlier.
DLF (Q1, Consolidated YoY)
- Net profit up 4.1% at Rs 794 crore versus Rs 763 crore.
- Revenue down 52.9% at Rs 1,280 crore versus Rs 2,717 crore.
- Ebitda down 58.9% at Rs 150 crore versus Rs 364 crore.
- Margin at 11.7% versus 13.4%.
- Other income at Rs 325 crore versus Rs 264 crore.
Stock Market Live: Jefferies Raises Torrent Power Target To Rs 1,780
Jefferies raised its target price on Torrent Power after the company's June-quarter earnings and expects renewable energy to drive earnings growth.
Jefferies
- Maintain Buy
- Target price raised to Rs 1,780 from Rs 1,700.
- Lower gas PLFs YoY were on expected lines.
- Renewable energy capacity is expected to rise at least threefold by FY30E.
- Reported ROE is expected to remain at 12–13% over FY26–30E.
- Transmission infrastructure unavailability is delaying commissioning timelines.
- Jefferies expects 13% Ebitda CAGR over FY26–30E, led by 36% CAGR in renewable energy Ebitda.
Stock Market Live: Torrent Power Q1 Profit Falls 12.7%
Torrent Power reported its June-quarter earnings, with revenue and Ebitda rising while profit declined year on year.
Torrent Power (Q1, Consolidated YoY)
- Profit down 12.7% at Rs 639 crore versus Rs 731 crore.
- Revenue up 2.8% at Rs 8,124 crore versus Rs 7,906 crore.
- Ebitda up 3.7% at Rs 1,538 crore versus Rs 1,483 crore.
- Margin at 18.9% versus 18.8%.
Stock Market Live: Banks Draw Attention After FCNR-B Deposit Mobilisation
Banks are on the brokerage radar as analysts assess the distribution of FCNR-B inflows across private, public-sector and foreign lenders.
Morgan Stanley
- Foreign banks' incremental FCNR-B share stood at 29.9% versus their total deposit market share of 4.5–5%.
- Private banks accounted for 38.3% versus a 35.7% deposit market share.
- PSU banks accounted for 31.6% versus a 58.2% deposit market share.
- ICICI Bank, Kotak Mahindra Bank, Axis Bank, HSBC and Standard Chartered had higher incremental FCNR-B shares.
Citi
- Private banks mobilised $10.7 billion, or 38.3% of net inflows.
- Foreign banks contributed $8.4 billion, led by HSBC and Standard Chartered.
- PSU banks captured 31.6% of net inflows.
- ICICI Bank, Kotak Mahindra Bank, YES Bank and RBL Bank outperformed relative to market share, while HDFC Bank, SBI, Bank of Baroda, Bank of India, Union Bank, Federal Bank and IDFC lagged.
- Citi expects mobilisation velocity to accelerate with two months remaining.
Jefferies
- Banks have mobilised more than $40 billion through FCNR-B and other lines halfway through the timeline.
- Gross FCNR-B inflow stands at $37 billion, while the net addition to deposits is $28 billion.
- HSBC, SBI, Standard Chartered and ICICI Bank lead, while HDFC Bank has lagged.
- Jefferies said the sector can target $80–100 billion of inflows.
- Improving liquidity could benefit NBFCs and smaller private banks more.
Stock Market Live: DLF Brokerages Flag Weak Q1 Pre-Sales
DLF drew brokerage attention after weak pre-sales and a lack of launches during the June quarter, while cash generation continued.
Jefferies
- Maintain Buy
- Target price: Rs 815
- Pre-sales remained very low because of a lack of launches.
- Cash collections declined 15% YoY.
- Free cash flow generation stood at Rs 1,050 crore.
- DCCDL lease income rose 9% YoY, in line with estimates, and continued to support profitability.
Morgan Stanley
- Maintain Equal-weight
- Target price: Rs 730
- Q1 was weaker than expected.
- Pre-sales stood at Rs 660 crore versus its estimate of Rs 1,000 crore.
Stock Market Live: LIC OFS Opens For Non-Retail Investors Today
Life Insurance Corporation of India will be in focus as the government's offer for sale opens for non-retail investors on Tuesday.
The Government of India plans to divest up to a 6.50% stake in LIC. The base offer comprises 31.62 crore shares, representing a 2.5% stake, with an oversubscription option of 50.60 crore shares, or another 4% stake.
The floor price has been fixed at Rs 382 per share. Retail investors will receive a discount of Rs 10 per share. Non-retail bidding will take place on Aug. 4, while the retail portion will open on Aug. 5.
Stock Market Live: Oil Prices Stabilise After Monday’s Decline
- Brent crude traded near $84 per barrel after falling almost 5% on Monday, its steepest decline in a week. West Texas Intermediate held near $81.
- Traders assessed the possibility of more shipping returning to the Strait of Hormuz.
Stock Market Live: Asian Markets Trade Mixed As US-Iran Developments Remain In Focus
- South Korea’s Kospi fell 2.12%, while Japan’s Nikkei 225 declined 1.10%. Australia’s ASX 200 rose 0.70%.
- Investors assessed US-Iran developments after US President Donald Trump warned Tehran that it had a final opportunity to reach an agreement.
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