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Indian Express
13 hours ago
- Indian Express
Stocks to Watch on Monday, August 18: Infosys, Indian Oil, Ashok Leyland, Hindustan Copper and more
Stocks to Watch: Shares of several companies will remain in focus on Monday (August 18) including Infosys, Indian Oil, Ashok Leyland, Hindustan Copper, Vodafone Idea, etc. On Thursday (August 14), the benchmark stock indices Sensex and Nifty ended flat in a highly volatile trade. The 30-share BSE Sensex climbed 57.75 points or 0.07 per cent to settle at 80,597.66. The 50-share NSE Nifty rose by 11.95 points or 0.05 per cent to 24,631.30. IT company Infosys plans to acquire 75 per cent stake in Versent Group, a wholly-owned subsidiary of Australian telecom firm Telstra, for 233.25 million Australian dollars or about Rs 1,336 crore, the company said in a regulatory filing. The acquisition is part of strategic collaboration between Infosys and Telstra to form a joint venture to provide AI-enabled cloud and digital solutions for Australian businesses. State-owned Indian Oil Corporation Ltd (IOC) on Thursday reported more than doubling of its first quarter net profit, as marketing margins surged because of holding of retail prices despite a drop in input oil cost. Its standalone net profit of Rs 5,688.60 crore in April-June – the first quarter of the 2025-26 fiscal year – compared to Rs 2,643.18 crore earnings in the same period of the last year, according to a stock exchange filing by the company. The first quarter profit is nearly half of the company's full 2024-25 (April 2024 to March 2025) fiscal year earnings of Rs 12,961.57 crore. Amara Raja Energy & Mobility Ltd reported a 33 per cent decline in consolidated profit after tax at Rs 164.8 crore in the first quarter ended June 30, 2025, impacted by higher expenses. The company had posted a consolidated Profit After Tax (PAT) of Rs 249.12 crore in the corresponding period of last fiscal, Amara Raja Energy & Mobility Ltd said in a regulatory filing. Ashok Leyland reported a 19.44 per cent rise in consolidated net profit at Rs 657.72 crore in the first quarter ended June 30, 2025, riding on record volumes. The company had posted a consolidated net profit of Rs 550.65 crore in the corresponding period of the last fiscal, Ashok Leyland said in a regulatory filing. State-owned Hindustan Copper on Thursday posted an over 18 per cent rise in consolidated net profit to Rs 134.28 crore in the June quarter of FY26, supported by higher revenues. The company, which is engaged in copper ore mining, had logged a net profit of Rs 113.40 crore in the April-June period of preceding 2024-25 financial year. According to an exchange filing, Hindustan Copper's total income rose to Rs 526.65 crore in the first quarter from Rs 500.44 crore in the same period a year ago. Inox Wind's consolidated net profit more than doubled to Rs 97.34 crore in the June quarter compared to the year-ago period, mainly due to higher revenues. It had posted a consolidated net profit of Rs 41.59 crore in the year-ago period, a BSE filing showed. Glenmark Pharmaceuticals Ltd reported an 86 per cent drop in consolidated profit after tax to Rs 46.97 crore in the first quarter ended June 30, 2025, impacted by a provision for settling a litigation in the US. The company had posted a consolidated profit after tax (PAT) of Rs 340.24 crore in the corresponding period of the last fiscal, Glenmark Pharmaceuticals Ltd said in a regulatory filing. Vodafone Idea reported widening of its consolidated loss to Rs 6,608 crore in the first quarter ended June 30, 2025, mainly on account of an increase in finance cost. The company had posted a loss of Rs 6,426.7 crore in the same period a year ago, according to an exchange filing. IRB Infrastructure posted an over 45 per cent year-on-year (y-o-y) rise in consolidated net profit to Rs 202.4 crore in the June quarter of FY26, supported by higher revenues. The company had logged a net profit of Rs 139.9 crore in the April-June period of the 2024-25 financial year. According to an exchange filing, its total income rose to Rs 2,164.5 crore in the first quarter from Rs 1,971.6 crore in the same period a year ago. (With inputs from PTI)
Time of India
2 days ago
- Time of India
Nifty may swing -11% to +4% around 25,000; macro uncertainty clouds outlook: Report
Representative image Nifty 50 could fluctuate between 11 per cent below and 4 per cent above its year-end target of 25,000 as markets face a host of uncertainties, according to a report by BofA Securities. As per news agency ANI, the brokerage said that possible US trade tariffs on Indian goods, a shaky US economic outlook, delays in policy responses, and upcoming elections in six major Indian states could all weigh on investor sentiment. These six states together account for more than 16 per cent of India's public subsidy and capital expenditure. 'We keep our Nifty year-end target intact at 25,000 but expect Nifty to swing -11 per cent to +4 per cent versus this target as markets react to emerging developments around key factors such as trade tariffs, US economic outlook, Fed/RBI cuts, and potential fiscal support to offset tariff impact,' the report noted. BofA expects Nifty earnings to grow 7 per cent in FY26 and 11 per cent in FY27, well below market expectations of 9 per cent and 15 per cent respectively and warned that each earnings season could trigger short-term corrections rather than sustained rallies. The firm added that timely legislative and fiscal reforms, funded by higher RBI dividends, asset sales, fuel duties and leveraged infrastructure spending, could lift market sentiment and provide upside potential. Publicly available data show that both the Nifty 50 and BSE Sensex have been struggling, each in the midst of their longest losing streak in over two decades. They are down about 12.6 per cent and 11.7 per cent respectively from their record highs in September last year, with a roughly 3 per cent decline so far this year. On Thursday, however, both indices ended slightly higher in a volatile session. The Sensex rose 57.75 points (0.07 per cent) to 80,597.66, while the Nifty gained 11.95 points (0.05 per cent) to close at 24,631.30. Gains in IT, pharma, banking and consumer durables were offset by losses in metals, oil and gas, and FMCG. Vinod Nair, head of research at Geojit Financial Services, was quoted by news agency PTI as saying that softer US inflation data and a dovish outlook supported IT and pharma stocks, while hopes for a consumption-led recovery lifted banking and consumer durables. Adding to the broader macro picture, S&P Global Ratings has upgraded India's sovereign credit rating to 'BBB' with a stable outlook, the first such improvement in nearly 19 years, citing robust growth, fiscal discipline, and favourable monetary policy. S&P said the possible impact of US tariffs on India would be 'manageable,' pointing out that around 60 per cent of the country's economic growth comes from domestic consumption, making it less reliant on trade. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
News18
2 days ago
- News18
Nifty may swing between -11% to +4% around 25,000 amid macro uncertainty: Report
New Delhi [India], August 16 (ANI): Nifty of National Stock Exchange (NSE) may swing between -11 per cent and +4 per cent from its year-end target of 25,000, as markets navigate a range of evolving macro risks, including potential trade tariffs, shifts in the US economic outlook, and central bank policy actions by the Fed and RBI, BofA Securities said in a report. BofA points to several key risks clouding the market outlook — including potential US trade tariffs on Indian goods, a cloudy US macroeconomic scenario, delayed or insufficient fiscal and monetary policy responses, and the implications of state elections across six major Indian states, which together account for over 16 per cent of India's public subsidy and capex spending.'We keep our Nifty year-end target intact at 25k but expect Nifty to swing -11% to 4% vs this target, as markets reacts to emerging developments around key factors such as trade tariffs, US economic outlook, FED/RBI cuts, potential policy/fiscal support to offset tariff impact, etc," the report firm expects Nifty earnings growth to remain subdued, projecting 7 per cent growth in FY26 and 11 per cent in FY27, well below the Street's expectations of 9 per cent and 15 per cent, respectively. Each earnings season, it warns, could bring corrections rather than sustained firm sees a potential upside if India implements some timely legislative and fiscal reforms, possibly funded by higher RBI dividends, asset sales, fuel duties, and leveraged capex to publicly available market data, the Nifty at NSE and the BSE Sensex have not performed as expected, as both benchmarks have continued their worst losing streak in over two decades. Nifty 50 and Sensex have so far declined about three per cent, contributing to cumulative drops of approximately 12.6 per cent and 11.7 per cent, respectively, from their all-time highs set in September last year. (ANI)
