Kotak Bank Q1 results: PAT falls 47% YoY to Rs 3,282 crore. NII up 6%
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
39 minutes ago
- Business Standard
Market snaps 3-days loosing streak; Nifty settles above 24,800; realty shares rally
The headline equity benchmarks ended with modest gains on today, snapping three days loosing streak. Investors are closely tracking the ongoing earnings season, tariff situation and developments in the India-US trade deal. The Nifty settled above the 24,800 level after hitting the days low of 24,598.60 in early trade. All the sectoral indices on the NSE ended in the green with realty, pharma and healthcare shares gaining the most. As per provisional closing data, the barometer index, the S&P BSE Sensex advanced 446.93 points or 0.55% to 81,337.95. The Nifty 50 index gained 140.20 points or 0.57% to 24,821.10. In the broader market, the S&P BSE Mid-Cap index added 0.84% and the S&P BSE Small-Cap index rallied 1.10%. The market breadth was positive. On the BSE, 2,507 shares rose and 1,506 shares fell. A total of 144 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 4.45% to 11.53. IPO Update: The initial public offer (IPO) of Shanti Gold International received bids for 81,42,60,675 shares as against 1,26,67,200 shares on offer, according to stock exchange data at 15:30 IST on Tuesday (29 July 2025). The issue was subscribed 64.28 times. The initial public offer (IPO) of Aditya Infotech received bids for 1,85,22,108 shares as against 1,12,23,759 shares on offer, according to stock exchange data at 15:30 IST on Tuesday (29 July 2025). The issue was subscribed 1.65 times. The initial public offer (IPO) of Laxmi India Finance received bids for 34,92,664 shares as against 1,13,12,816 shares on offer, according to stock exchange data at 15:30 IST on Tuesday (29 July 2025). The issue was subscribed 0.31 times. Buzzing Index: The Nifty Realty index jumped 1.70% to 927.40. The index slumped 9.37% in the past five consecutive trading sessions. Lodha Developers (up 3.54%), Anant Raj (up 2.75%), Oberoi Realty (up 2.24%), Godrej Properties (up 1.87%), Prestige Estates Projects (up 1.8%), DLF (up 1.66%) and Raymond (up 0.44%) advanced. On the other hand, Sobha (down 2.32%), Brigade Enterprises (down 0.42%) and Phoenix Mills (down 0.07%) edged lower. Stocks in Spotlight: Indusind Bank added 1.01%. The company reported a 68.21% decline in standalone net profit to Rs 684.25 crore on 3.79% fall in total income to Rs 14,420.12 crore in Q1 FY26 over Q1 FY25. Mazagon Dock Shipbuilders declined 2.57% after the companys consolidated net profit declined 35% to Rs 452.15 crore despite of 11.4% jump in revenue from operations to Rs 2,625.59 crore in Q1 FY26 over Q1 FY25. SBI Cards and Payment Services (SBI Card) fell 1.89% after the company reported a 6% year-on-year decline in net profit to Rs 556 crore in Q1 FY25, weighed down by rising impairments and operating costs. Despite the drop in profitability, the company's total income rose 12% to Rs 5,035 crore, compared to Rs 4,483 crore in the same period last year. Varun Beverages rallied 5.38% after the company reported 5% increase in consolidated net profit to Rs 1,325.49 crore in Q2 CY2025 from Rs 1,261.83 crore in Q2 CY2024. Net revenue from operations decreased by 2.5% YoY to Rs 7,017.37 crore in Q2 CY2025. NTPC Green Energy shed 0.98%. The companys consolidated net profit dropped 5.46% to Rs 220.48 crore on a 9.31% rise in revenue to Rs 680.21 crore in Q1 FY26 over Q4 FY25. Arvind Fashions surged 7.90% after the apparel and retail player reported a net profit (PAT) of Rs 13 crore in Q1 FY26, a nearly tenfold jump compared to Rs 1 crore in the same quarter last year. Revenues grew 16% year-on-year to Rs 1,107 crore, up from Rs 955 crore in Q1 FY25, supported by strong traction across channels. Paradeep Phosphates soared 9.34% after the company's consolidated net profit stood at Rs 255.85 crore in Q1 FY26, up 4,655.57% from Rs 5.38 crore in Q1 FY25 Revenue from operations jumped 57.90% year on year (YoY) to Rs 3,754.06 crore in Q1 FY26. Torrent Pharmaceuticals rallied 4.08% after the pharma major reported a net profit of Rs 548 crore, marking a 20% year-on-year increase, driven by resilient revenues and steady margins. Revenue for the quarter stood at Rs 3,178 crore, an 11% rise over Q1 FY25, supported by improved operational leverage. Waaree Energies advanced 2.06% after the companys consolidated net profit jumped 89.1% to Rs 745.20 crore on 29.8% increase in revenue from operations to Rs 4,425.83 crore in Q1 FY26 over Q1 FY25. Piramal Pharma rose 0.56%. The company has reported a consolidated net loss of Rs 82 crore in Q1 FY26 as against a net loss of Rs 89 crore recorded in Q1 FY25. Revenue from operations for the period under review declined by 1% year-over-year (YoY) to Rs 1,934 crore. Craftsman Automation gained 3.66% after its consolidated net profit jumped 30.85% to Rs 69.6 crore in Q1 FY26, as against Rs 53.19 crore in Q1 FY25. Revenue from operations jumped 54.97% year on year to Rs 1,784 crore in Q1 FY26. Global Markets: European stocks climbed on Tuesday as investors steadily absorbed the implications of the latest US-EU trade agreement, alongside a wave of corporate earnings reports. Asian shares ended mixed as investors awaited the outcome of the ongoing U.S.-China trade talks. Investors also await the result of the U.S. Federal Reserve meeting due Wednesday stateside, where it will make a decision on whether to cut interest rates. On Monday, President Donald Trump announced that a global blanket tariff would likely fall between 15% to 20%. This would affect imports from countries that have not yet negotiated separate trade agreements with the United Statements. Trump had previously announced that baseline tariffs would be just 10%. The presidents tariffs are expected to go into place on August 1. On Wall Street, the S&P 500 closed near the flatline on Monday, with the latest trade deal between the U.S. and EU failing to spark a fresh rally. The broad market index inched up 0.02% to close at 6,389.77, while the Nasdaq Composite gained 0.33% to 21,178.58. The Dow Jones Industrial Average slipped 64.36 points, or 0.14%, to finish the session at 44,837.56.
Mint
39 minutes ago
- Mint
Market weakness temporary; earnings and capex cycle to drive recovery: Mansi Patel
The Indian stock market has remained range-bound with a negative bias since the start of July. The trend began to shift in late June, after benchmark indices touched a nine-month high. Following the rally that pushed the Nifty 50 and Sensex near record highs, investors have been awaiting clearer earnings signals to justify valuations. However, a muted start to the June-quarter results has dampened sentiment. The absence of fresh triggers and uncertainty surrounding a potential India–US trade deal has also kept investors cautious. The correction has been more pronounced in mid- and small-cap segments, due to their lower liquidity and greater sensitivity to risk-off sentiment. Amid this backdrop of macroeconomic headwinds and earnings uncertainties, Mansi Patel, Head – Investment Counsellor, Institution, shares her insights on the current market trajectory. She discusses what's driving the ongoing correction, whether it presents a buying opportunity, and how sectoral earnings upgrades, rural recovery, and a robust capex cycle could shape equity market trends in the coming months. Edited excerpts: While company-specific earnings remain critical in the long term, macroeconomic forces are currently shaping the ongoing correction in Indian equities. Global macro headwinds—particularly sticky U.S. inflation and elevated bond yields—are the primary culprits. These factors have triggered a broad-based risk-off sentiment and delayed hopes of U.S. Fed rate cuts, resulting in Foreign Institutional Investors (FIIs) turning net sellers after steady inflows in April–May. In contrast, Domestic Institutional Investors (DIIs) have offered strong support, reflecting their belief in India's structural earnings story. Backed by a relatively stable rupee, robust GDP growth, and healthy tax collections, DIIs have continued deploying capital. Notably, the correction has been more pronounced in the mid- and small-cap segments due to lower liquidity and higher volatility. On the earnings front, Q1 FY26 has been a mixed bag. While global-facing sectors like IT services and select NBFCs have seen some softness, large private banks, auto names, and capex-linked industrials have largely met or exceeded expectations so far. Fundamentally, India Inc. remains on solid ground, even if temporarily overshadowed by global developments. The current correction is in line with historical patterns. Over the past decade, the Nifty 50 has seen nearly one 10%+ correction each year, followed by strong rebounds. Excluding black swan events like COVID-19, these corrections have averaged around 11–12%. Institutional consensus suggests this is a healthy pause, not the beginning of a bear market. Despite external headwinds, India's macro setup remains robust—Q4 FY25 GDP growth stood at 7.4%, and rural demand and capex momentum are strengthening. This pullback offers a strategic opportunity to accumulate high-quality stocks at more attractive valuations, especially in sectors like financials, infrastructure, and consumption. A balanced approach is advisable: core exposure to large caps for stability and selective entry into mid- and small-cap ideas with strong fundamentals. Yes, several domestic-facing sectors are poised for earnings upgrades in the coming quarters. Capital goods and infrastructure remain front-runners, powered by the government's ₹ 11.11 lakh crore capex outlay in FY26. Companies like L&T, Siemens India, and ABB are benefiting from strong order inflows and improved execution efficiency. In financials, private banks and NBFCs such as ICICI Bank, Bajaj Finance, and SBI are expected to see stable NIMs and strong credit growth. Manufacturing and industrials are gaining from PLI schemes and the China+1 strategy, benefiting players like Bharat Forge and Cummins India. Auto and auto ancillaries are seeing rural-led demand revival and softer raw material costs, boosting earnings visibility for names like M&M and Bajaj Auto. Healthcare and diagnostics too are on a recovery path, with improving volumes and margin support—players like Apollo Hospitals and Dr. Reddy's stand to benefit. However, global-facing sectors like IT services and chemicals may remain under pressure due to sluggish overseas demand. Corporate commentary on rural markets has turned distinctly positive. NielsenIQ data shows rural FMCG sales grew 11% in Q4 FY25, far outpacing urban growth of 2.6%. FMCG majors like HUL and Colgate report stronger traction in rural areas, especially in smaller SKUs and hygiene products. This recovery is underpinned by better monsoons, rising farm incomes, and lower inflation. Simultaneously, the capex outlook is strengthening. Large banks like SBI and ICICI Bank are witnessing increasing demand for project financing across manufacturing, agriculture, and infrastructure. Energy majors like NTPC and Adani Energy are ramping up investments, while infra players like L&T and KNR Construction report robust pipelines. This dual tailwind of rural consumption and industrial investment bodes well for sustained economic growth. Yes, we continue to accumulate select sectors that align with India's structural and policy-led growth trajectory. Infrastructure, capital goods, and power remain top picks due to the strong capex cycle and government spending. Financials—particularly private banks and high-quality NBFCs—offer stability and earnings momentum. Consumer staples are showing rural-led demand revival, while healthcare is benefiting from volume growth and normalizing input costs. Sectors aligned with digital transformation, such as automation and fintech infrastructure, also present long-term potential. These areas remain core to our buy-on-dips strategy. In the near term, large caps are better positioned due to their stable earnings, stronger balance sheets, and ability to weather macro volatility. Blue-chip names like HDFC Bank, Infosys, and L&T continue to attract institutional flows, especially during FII pullouts. However, recent corrections have improved valuations in mid- and small-cap spaces, reviving interest among long-term investors. With Q1 earnings showing resilience and improved corporate guidance, selective accumulation in quality mid-cap financials, capital goods, and consumption names is underway. A barbell strategy—anchoring portfolios with large-caps while selectively adding high-conviction mid- and small-caps—is the most prudent approach in the current cycle. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
an hour ago
- Economic Times
HeidelbergCement India Q1 Results: Profit jumps 21% to Rs 48 crore, sales up 12%
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
