Stocks to watch: Maruti Suzuki, Hyundai Motor, Raymond Realty, Lupin among shares in focus today
Hyundai Motor India recorded a 13% year-on-year increase in exports, with overseas shipments accounting for 26.7% of its total sales in the first quarter of FY2026.
SBI Cards announced that it has received a show cause notice from the Additional Commissioner (East 1) of CGST Gurugram, which proposes to deny input tax credit (ITC) worth ₹ 81.93 crore.
Hero MotoCorp recorded total sales of 5.54 lakh units in June 2025, reflecting a 10% increase compared to the 5.03 lakh units sold in the same month last year.
Norges Bank offloaded shares worth ₹ 41.5 crore in the company, while the parent entity was also involved in a flurry of deals totaling ₹ 221 crore.
JSW Renew Energy Thirty Seven, a subsidiary of JSW Energy, has signed a Battery Energy Storage Purchase Agreement (BESPA) with Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RVUNL) for a standalone Battery Energy Storage System (BESS) with a capacity of 250 MW/500 MWh.
Nodwin Gaming, a subsidiary of Nazara Technologies, has finalized the acquisition of a 92.3% ownership stake in AFK Gaming Pvt Ltd.
The company has been issued a show cause notice by the CGST Commissionerate in Ludhiana over alleged tax dues totaling ₹ 51.87 crore.
Lupin has secured approval from the US FDA for its loteprednol etabonate ophthalmic gel, a medication used after eye surgery.
The company delivered robust results in the first quarter of FY2025.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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Time of India
4 hours ago
- Time of India
India imposes port restriction on certain jute based goods imports from Bangladesh
The Government of India has imposed new restrictions on the import of certain jute-based goods from Bangladesh. The decision, issued through a government notification by the Ministry of Commerce & Industry, the Directorate General of Foreign Trade (DGFT) on August 11, 2025, amends the existing Import Policy under the ITC (HS), 2022 Schedule 1, and takes immediate effect. According to the notification, items including bleached and unbleached woven fabrics of jute or other textile bast fibres, twine, cordage, rope, cables made of jute, and sacks and bags of jute will no longer be allowed entry into India through any land port along the India-Bangladesh border. Instead, these imports will be permitted only through the Nhava Sheva Seaport in Maharashtra. Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program "Imports from Bangladesh shall not be allowed from any land port on the India-Bangladesh Border. However, it is allowed only through the Nhava Sheva Seaport," the notification reads. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like You might be interested Undo The DGFT notification stated that the restrictions are being enforced under the powers given by the Foreign Trade (Development & Regulation) Act, 1992, and in continuation of earlier measures announced in May and June 2025. While the order does not specify the reasons behind the latest move, such measures are often linked to quality control, trade balance concerns, or safeguarding domestic industries from competitive pricing pressures. The notification makes it clear that other terms and conditions from the previous order, Notification No. 21/2025-26 dated June 27, 2025, will remain unchanged. Live Events The order, signed by Ajay Bhadoo, Additional Secretary to the Government of India and Director General of Foreign Trade, is effective immediately, meaning any shipments of the affected goods will have to comply with the new port restriction without delay. The jute sector has historically been a sensitive area in Indo-Bangladesh trade relations, with both countries being major producers and exporters of jute products. Bangladesh competes with India in the textile sector and now with a 50 per cent US tariff on India, it will have a major advantage on textile exports to the U.S. The India-Bangladesh trade in 2023-24 stood at USD 12.9 billion. In 2024-25, India's exports to Bangladesh stood at USD 11.46 billion, against imports of USD 2 billion.
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Business Standard
4 hours ago
- Business Standard
MRF Q1FY26 results: Profit slips 14% to ₹484 cr on higher rubber prices
Indian tyre maker MRF reported a nearly 14 per cent drop in first-quarter profit on Tuesday, pressured by higher rubber costs. Company's net profit fell to ₹484 crore ($55.24 million) for the quarter ended June 30, compared with ₹563 crore last year. Revenue from operations rose 6.8 per cent to ₹756 crore, while total expenses increased 9.8 per cent, driven largely by a 6.4 per cent rise in the cost of materials consumed, which accounts for more than half of overall expenses. Shares of MRF dropped 3.5 per cent following the earnings announcement. Tyre manufacturers such as MRF, which supplies to automakers including Hyundai Motor India and Bajaj Auto, rely heavily on vehicle sales for a significant portion of their revenue. Total vehicle sales in the country slipped 5.1 per cent in the reported quarter, compared with a 16.4 per cent growth in the year-ago period. A surge in domestic rubber prices weighed on tyre manufacturers' first-quarter earnings, analysts said. Rivals CEAT missed its quarterly profit estimate last month, while Goodyear India reported a lower profit on Monday, pressured by weak auto demand. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard
5 hours ago
- Business Standard
Hyundai Motor India gains after foreign broker's 'Buy' call
Hyundai Motor India rose 3.84% to Rs 2,234.75 after a foreign brokerage initiated coverage on the stock with a 'Buy' rating and a target price of Rs 2,600. The brokerage said Hyundai is well-positioned to tap into a key stress point in the auto industry, backed by a strong product cycle, planned manufacturing capacity expansion, and supportive macroeconomic conditions. It added that Hyundai is poised to launch new products and capture additional market share as it ramps up output. This "strategic catch-up" plan is expected to provide a significant boost to the companys growth in the coming years. Hyundai Motor India is engaged in the manufacturing and sale of passenger cars, along with the sale of motor vehicle parts and accessories. On a consolidated basis, net profit of Hyundai Motor India declined 8.08% to Rs 1369.23 crore while net sales declined 5.55% to Rs 16179.62 crore in Q1 June 2025 over Q1 June 2024.
