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Business Standard
21 minutes ago
- Business Standard
Stock Market LIVE: Sensex, Nifty flat amid choppy trade; Auto, IT indices rise 1%, Maruti up 3%
Sensex Today | Stock Market LIVE Updates, August 12, 2025: Among the broader markets, the Nifty MidCap100 was flat with a positive bias, while the Nifty SmallCap 100 was up 0.43 per cent 1:00 PM Stock Market LIVE Updates: 1 PM Market Update Stock Market LIVE Updates: Amid a volatile session, the Indian equity benchmark indices, Sensex and Nifty, reversed early gains to trade flat on Tuesday on mixed global cues, while investors await India's consumer price index (CPI) data for July. As of 1:00 PM, the BSE Sensex was trading at 80,618.32, up 14.24 points or 0.02 per cent, and the NSE Nifty50 quoted 24,597.06, up 12 points or 0.05 per cent. 12:49 PM Stock Market LIVE Updates: Nifty Auto gains 1%, Maruti Suzuki up 2% Stock Market LIVE Updates: Amid a volatile session, the Nifty Auto index rose over 1 per cent to hit an intraday high of 24,011.7 levels. The rally was led by Maruti Suzuki, Hero MotoCorp, Mahindra & Mahindra, and Tube Investments, rising over 1 per cent each. 11:53 AM Stock Market LIVE Updates: Astral drops 8% after disappointing Q1 results; key highlights inside Stock Market LIVE Updates: Astral shares tanked 7.5 per cent on Tuesday, August 12, 2025, and logged an intra-day low at ₹1,277.7 per share on BSE. The stock was under pressure after the company posted its Q1 results after market hours. The company's consolidated net profit in Q1 stood at ₹81.1 crore, as compared to ₹120.4 crore year-on-year (Y-o-Y), down 32.5 per cent. Its revenue from operations stood at ₹1,361.2 crore, as compared to ₹1,383. crore a year ago. READ MORE
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Business Standard
22 minutes ago
- Business Standard
Hindalco slips 2% after arm Novelis reports Q1 results; read analysis here
Hindalco Industries shares slipped 2 per cent on Tuesday, August 12, 2025, and logged an intra-day low at ₹656.85 per share on BSE. The stock fell after the company's United States (US) based subsidiary Novelis released its Q1FY26 numbers on Monday, after market hours. However, at 9:40 AM, Hindalco share price was trading only 0.47 per cent lower at ₹668.65 per share. In comparison, the Sensex was 0.16 per cent lower at 80,735.93. Novelis Q1 results Hindalco's United States (US) based subsidiary Novelis released its Q1FY26 numbers on Monday, after market hours. In the first quarter ended June 2025, the company reported a 36 per cent year-on-year (Y-o-Y) decline in net income attributable to its common shareholders to $96 million, as compared to $151 million. Its net sales for the quarter stood at $4,717 million, as compared to $4,187 million a year ago. Meanwhile, adjusted Earnings before interest tax, depreciation, and amortisation (Ebitda) stood at $416 million, down 17 per cent Y-o-Y. Rolled product shipments was at 963 kilotonnes, up 1 per cent Y-o-Y and adjusted Ebitda per tonne shipped stood at $432, down 18 per cent Y-o-Y. Track Stock Market LIVE Updates Hindalco Novelis management commentary Increase in scrap prices (especially for used beverage cans) will continue to keep margins under pressure; however, the positive metal price lag from Midwest Premium movements (increased from $450 per ton to $1,500 per ton in recent months could partially offset the impact. The company expects the US tariff on aluminum imports (particularly from South Korea and Canada) to affect Q2FY26 Ebitda by $60 million quarter-on-quarter (Q-o-Q), which may partially be offset by the US Midwest premium. Management expects adjusted Ebitda/t to bottom out by the end of H1FY26. H2FY26 is expected to see a rise in Ebitda levels. Management expects some tariff cost recovery to be achieved via customer discussions, although the company is avoiding renegotiating contracts mid-term to protect relationships and volumes. The commissioning of Bay Minette will reduce the import dependency and free up other US capacities for high-margin (automotive and specialty) products. Management does not expect any volume loss due to tariff issues – the mitigation plan is designed to protect shipments and maintain customer relationships. Hindalco Novelis Q1 results analysis: Brokerages decode Nuvama Institutional Equities | Buy | Target: ₹776 Management guides for net tariff impact of $60 million/quarter (assuming 50 per cent tariff on aluminium imports in the US). Despite that, with likely improvement in scrap spread and reducing production cost, management guided for Ebitda to have bottomed out in Q1FY26, the brokerage noted. Further, Nuvama shall adjust our numbers with Hindalco's Q1 earnings. Investec | Hold | Target cut to ₹705 from ₹730 The brokerage believes tariffs headwinds impacted Novelis' performance. Further, the company's spreads have disappointed in the quarter under review and are expected to continue in this manner, according to reports.
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Business Standard
34 minutes ago
- Business Standard
Medi Assist shares surge 12% after block trades; check likely seller here
Shares of Medi Assist Healthcare surged over 12 per cent on Tuesday after about 11.1 million shares changed hands in two blocks with promoter entity Bessemer India as the likely seller. The small-cap insurance distributor company's stock rose as much as 12.54 per cent during the day to ₹594.1 per share, the steepest intraday rise since September 2 2024. The stock pared gains to trade 8.5 per cent higher at ₹573 apiece, compared to a 0.09 per cent decline in Nifty 50 as of 12:14 PM. Shares of the company snapped a three-day fall on Tuesday and currently trade at 21 times the average 30-day trading volume, according to Bloomberg. The counter has fallen 0.5 per cent this year, compared to a 4.2 per cent advance in the benchmark Nifty 50. Medi Assist has a total market capitalisation of ₹4,045.36 crore. Track LIVE Stock Market Updates Here Medi Assist Healthcare block deal The shares of the company took a plunge after 11.1 million shares, or 15.67 per cent stake, changed hands on NSE in two pre-market block trades, according to Bloomberg data. The news agency earlier reported that the company's promoter entity, Bessemer India Capital Holdings II Ltd., is likely to offload as many as 11.1 million shares of the company, at a floor price of ₹507 per share. Medi Assist Healthcare Q1FY26 results Net profit of Medi Assist Healthcare Services rose 19.02 per cent to ₹22.40 crore in the quarter ended June 2025, compared with ₹18.82 crore in the same period last year. Revenue increased 13.62 per cent to ₹190.56 crore from ₹167.71 crore a year earlier. Ebitda rose 18.5 per cent to ₹42.2 crore in the April-June quarter from ₹35.6 crore a year earlier. The Ebitda margin improved to 22.1 per cent from 21.2 per cent in the same period last fiscal. About Medi Assist Healthcare Through its subsidiary Mayfair We Care, the company provides TPA services to International Private Medical Insurance (IPMI), in 148 countries.
