Stock Market Today: Nifty, Sensex Rebound After Three-Day Slump As HDFC Bank Lead

• Net profit rose 24.2% at Rs 287 crore vs Rs 231 crore

• Revenue rose 1.3% at Rs 1,342 crore vs Rs 1,325 crore

• Ebitda rose 33% at Rs 407 crore vs Rs 306 crore

• Margin at 30.3% vs 23%

• Revenue rose 7.2% at Rs 3,428 crore vs Rs 3,196 crore

• Ebitda rose 22.83% at Rs 359 crore vs Rs 292 crore

• Margin at 10.5% vs 9.1%

• Net loss of Rs 215 crore vs loss of Rs 162 crore

• Net profit rose 37% at Rs 567 crore vs Rs 414 crore

• Revenue rose 1.8% at Rs 3,376 crore vs Rs 3,316 crore

• Ebitda fell 9.4% at Rs 1,081 crore vs Rs 1,193 crore

• Margin at 32% vs 36%

• Revenue rose 3.7% at Rs 3,395 crore vs Rs 3,275 crore

• Ebitda rose 14.96% at Rs 813 crore vs Rs 707 crore

• Margin at 23.9% vs 21.6%

• Net profit rose 20.6% at Rs 571 crore vs Rs 474 crore

• Net profit rose 46.7% at Rs 36 crore vs Rs 24.6 crore

• Revenue fell 1.4% at Rs 343 crore vs Rs 348 crore

• Ebitda rose 31.9% at Rs 55.2 crore vs Rs 41.8 crore

• Margin at 16.1% vs 12%

• Uno Minda Ltd.'s board approved incorporation of a wholly owned step-down subsidiary in Czech Republic, Europe.

• Board approved acquisition of further stake in Minda Onkyo India.

• The company's stake in Minda Onkyo India to be 99% post acquisition

• Board approves amendment of joint venture pact with Denso Ten Uno Minda India and Uno Minda D-Ten India

• The company is to also provide designing & development support to JV co, TNMI & MTNI

• Board approves investment worth Rs 62.69 crore in sunroof project

• Alert: Minda Onkyo India is a 50:50 JV between co & Japan-based Onkyo Sound Corporation

Source: Exchange filing

Cupid Locked In Upper Circuit For Second Day As Q1 Profit Jumps Nearly Fourfold

TVS Motor Shares Jump On Q1 Profit Rise, EV Launch

AIA Engineering - Riding On High-Chrome Conversion Opportunity: Prabhudas Lilladher

• Seamec Ltd.'s vessel 'Seamec Diamond' was put on hire for Oil and Natural Gas Corp's contract by HAL Offshore.

Source: Exchange filing

• Maintain double digit growth guidance in FY25

• Industrial segment growth led by construction, railways, mining

• Market shares gains not apparent as of now, demand momentum continues

• CBCB IV+ sets contributed to overall 30-40% of sales in the quarter

• Gross margins at 5 year high led by higher mix of CBCB IV+ sets

• Margins not sustainable in near term with pricing environment

• Product pursuant to CPCB norms contributed to 30-40% of sales in Q1

• Gross margins at 5 year high led by higher mix of product pursuant to CPCB norms

• Allied Blenders & Distillers Ltd. appointed Deloitte to strengthen Enterprise Risk Management practices.

Source: Exchange filing

• Godrej Industries Ltd.'s board approved fundraise of Rs 3,000 crore via unsecured non-convertible debenture.

Source: Exchange filing

At pre-open, the NSE Nifty 50 rose 1.24% or 296.85 points higher at 24,289.40, and the BSE Sensex rose 1.24% or 972.33 points higher at 79,565.40.

• L&T Technology Services Ltd. and Altair established digital twin center of excellence to accelerate global innovation.

• The center of excellence will cater to customers across mobility, hi-tech and sustainability segments.

Source: Exchange filing

• The yield on the 10-year bond opened flat at 6.89%.

• It closed at 6.88% on Tuesday.

Source: Bloomberg

Rupee Rebounds From Rs 84 Threshold On Likely RBI Intervention

• Karur Vysya Bank Ltd. cut six-month and one-year MCLR by 10 basis points to 9.90% & 10.00% respectively.

Source: Exchange filing

• Sets IPO price band of Rs 152-160 per share

• Bid for offer to open on August 12 & close on August 14

Source: Company statement

• Initiating coverage with a Buy, and set the target price Rs 303, which implied 49% upside.

• Fastest-growing steel tube manufacturer in India

• Enhanced capacity, with volume and margin expansion

• Expect Profit to compound at 38% over FY24–27

• Value company at 25x Q1FY27E Earnings Per Share

• Coforge Ltd. gets supplementary notice of indemnification from a client in the North America region

• Client claims $7.6 million indemnity in-principle settlements

• Potential additional claim of $4.3 million for settling demands

Source: Exchange filing

• Emkay Global Research downgraded to ADD from Buy with a target price Rs 2,600 from Rs 2,250, Upside 4%

• Amid recent stock price run-up leaving limited upside

• Expect Co to continue outperforming the 2W industry

• Seeing acceleration in recovery along with improving margins

• Company expects domestic 2Ws to clock 10% growth this year led by rural

• Expect TVS to sustain improvements in growth categories of premium motorcycles, scooters, exports

• Upgrade FY26E EPS by 6% & build-in 14/27% revenue/EPS CAGR in FY24-27E

• Raise multiple to 30x P/E FY26 vs 28x

• Retain Buy with a target price Rs 540, which implied an upside of 26%

• High mix of consumer business hurts overall margin

• Reported weak operating performance in 1QFY25

• EBITDA margins decline 230bp YoY due to an unfavorable business mix

• Higher share of low-margin consumer business at 53% in 1QFY25 vs. 39% in 1QFY24

• Order book stood at Rs. 4500 crores on June 24 vs. Rs. 4500 crores /Rs. 3500 crores in March 24/Jun’23

• Management maintained revenue growth target of 40-45% for FY25,

• Management sees EBITDA margins of 7%

• Lowered EPS estimate for FY25 by 7%

Suzlon Energy To Buy Stake Worth Rs 660 Crore In Renom Energy Services

• Brainbees Solutions: The public issue was subscribed to 0.11 times on day 1. There were no bids from institutional investors, retail investors (0.46 times), employees (1.79 times), or non-institutional investors (0.08 times).

• Unicommerce eSolutions: The public issue was subscribed to 2.43 times on day 1. There were no bids led by institutional investors, retail investors (9.98 times), or non-institutional investors (2.26 times).

• Ola Electric Mobility: The public issue was subscribed to 4.27 times on day 3. The bids were led by institutional investors (5.31 times), retail investors (3.92 times), reserved for employees (11.99 times), and non-institutional investors (2.4 times).

• Zydus Wellness: Quant Mutual Fund bought 17 lakh shares (2.67%) at Rs 2,201.4 apiece, and Threpsi Care LLP sold 17 lakh shares (2.67%) at Rs 2,201.4 apiece.

• Akums Drugs and Pharma: Smallcap World Fund bought 25.86 lakh shares (1.64%) at Rs 753.84 apiece.

Tata Power Spends Rs 830 Crore For 40% Stake In Khorluchhu Hydro Power

CBI Charges Hindalco With Corruption Over Environmental Clearances For Odisha Coal Mine

Lupin Q1 Results: Profit Up 77%, Beats Estimates

Trade Setup Aug. 7: Nifty 50 Falls Despite Asian Market Rebound, Analysts Warn Of Potential Decline