CSB Bank Q1 profit up 5% despite NIM fall, provisions surge
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Business Standard
20 minutes ago
- Business Standard
Stocks to Watch today, Aug 14: JSW Cement, BPCL, Infosys, ICICI Bank, ABFRL
Stocks to watch today, Thursday, August 14, 2025: Indian equity benchmark indices, Sensex and Nifty, are likely to witness a negative opening as investors await developments around US tariffs and the outcome of the US-Russia peace talks scheduled for Friday. At 7:10 AM, GIFT Nifty Futures were trading at 24,688.5 points, down 21.5 points or 0.09 per cent. Asian markets were trading on a mixed note amid expectations for lower US Federal Reserve rates next month. Last checked, Japan's Nikkei 225 was down 1.4 per cent and South Korea's KOSPI was down 0.1 per cent. Meanwhile, China's CSI 300 index was trading 0.25 per cent higher. On Wednesday, major US equity indices touched their all-time highs for the second consecutive day. The S&P 500 index rose 0.32 per cent and the Dow Jones Industrial Average settled 1.04 per cent higher. Here are the key stocks to watch today, August 14: New listings: Shares of JSW Cement and All Time Plastics will be listed on the exchanges, NSE and BSE, today in the mainboard category. Bharat Petroleum Corporation (BPCL): The state-run oil and gas company reported a consolidated net profit of ₹6,839 crore in the first quarter of fiscal 2026 (Q1FY26), up 140.7 per cent from ₹2,861.6 crore in the year-ago period. Revenue from operations fell 0.5 per cent year-on-year (Y-o-Y) to ₹1,12,551.5 crore from ₹1,13,095 crore. Jubilant Foodworks: The company's consolidated revenue from operations for the quarter under review increased 17 per cent to ₹2,260.9 crore compared to ₹1,933.1 crore in the year-ago period. It reported consolidated PAT of ₹97.2 crore, up 59.8 per cent from ₹60.8 crore in the same quarter of the previous fiscal. The company added 71 new stores during the quarter. United Spirits: The alcoholic beverages company posted a consolidated net profit of ₹417 crore in the June 2025 quarter, down 14 per cent from ₹485 crore in the year-ago quarter. The company's revenue rose 9.4 per cent to ₹3,021 crore compared to ₹2,761 crore in the Q1FY25. Infosys: The IT services major will acquire a 75 per cent stake in Versent Group, Australia's leading Digital Transformation Solutions Provider, and a wholly owned subsidiary of Telstra Group, for AUD 233.25 million. Infosys will have operational control, while Telstra will continue to retain a 25 per cent minority stake in Versent Group. ICICI Bank: The private lender has lowered the minimum account balance requirement for metro and urban locations to ₹15,000 from ₹50,000, for semi-urban locations to ₹7,500 from ₹25,000, and for rural locations to ₹2,500 from ₹10,000. Pfizer: The pharmaceutical company reported revenue from operations of ₹603 crore, up 7.1 per cent Y-o-Y from ₹562.9 crore. The company's net profit came in at ₹191.8 crore, up 27.2 per cent Y-o-Y from ₹150.7 crore. Aditya Birla Fashion and Retail: The fashion retailer reported consolidated revenue of ₹1,831 crore, up 9 per cent Y-o-Y from ₹1,674 crore. Ebidta jumped 38 per cent to ₹169 crore against ₹123 crore in the year-ago period. The company's net loss came in at ₹234 crore against ₹238 crore in the year-ago period. Vishal Mega Mart: The company reported a profit after tax (PAT) of ₹215.5 crore in the quarter ended June 30, 2025, up 37.8 per cent from ₹156.4 crore in the year-ago period. Revenue from operations increased 21 per cent to ₹3,140.3 crore from ₹2,596.3 crore in the year-ago period. Muthoot Finance: The financial services company reported a 45 per cent Y-o-Y increase in net interest income (NII) to ₹6,288 crore compared to ₹4,348.3 crore in the year-ago period. Profit after tax during the quarter stood at ₹1,974.2 crore, up 65 per cent from ₹1,195.7 crore reported in Q1FY25. Q1 results today Ashok Leyland, Indian Oil Corporation, Amara Raja Energy & Mobility, AstraZeneca Pharma India, Glenmark Pharmaceuticals, Vodafone Idea, Inox Wind, Patanjali Foods, Swan Energy, Valor Estate, Easy Trip Planners, GE Power India, Hindustan Copper, Inox Green Energy Services, Inox Wind, IRB Infrastructure Developers, and Zaggle Prepaid Ocean Services, among others will release their Q1 earnings today.
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Business Standard
20 minutes ago
- Business Standard
These 3 stocks are must-haves in your portfolio, suggests Religare Broking
Market View Markets edged higher, gaining over half a percent, and continued their consolidation phase. Following positive global cues, the Nifty opened with an uptick and moved in a range during the first half. However, buying interest in select heavyweights during the latter half helped the index reclaim the 24,600 mark, eventually closing at 24,619. Most sectors moved in line with the benchmark, with pharma, metal, and auto emerging as the top gainers. Broader indices also mirrored the benchmark trend, each advancing over half a percent. The past five sessions have been a roller-coaster ride for market participants, but we are witnessing noticeable strength in select pockets across sectors. We maintain our view that sustained trade above 24,600 on the Nifty could pave the way for further recovery, with the immediate hurdle at 24,800 and the next at 25,000. Traders are advised to align their positions accordingly, giving preference to index majors and large midcap counters for long trades. Stocks Recommendations Indian Bank | LTP: ₹670.70 | Buy | Target: ₹715 | Stop-loss: ₹647 After an extended consolidation within a rectangle pattern, the stock broke out above the upper resistance band, signaling the start of a fresh uptrend. Post-breakout, it entered a time-wise correction, forming a fresh base just above the neckline. This base-on-base formation reflects healthy consolidation and resilience despite broader market weakness. The emergence of a buying pivot, along with sustained closes above the 20-week EMA, reinforces the likelihood of the resumption of the uptrend soon. The Indian Hotels Company Ltd. | LTP: ₹769.80 | Buy | Target: ₹820 | Stop-loss: ₹743 The stock has been trading in a corrective phase, forming a symmetrical triangle pattern, after the phenomenal rally during the 2021-2024 phase. Recently, it rebounded sharply from the lower range after building a base there. This rebound, coupled with a reclaim of key moving averages, suggests potential for an advance towards the upper trendline first and then potentially a breakout as well. Participants can consider long positions as per the mentioned levels. Mahindra & Mahindra Ltd. | LTP: ₹3,282.20 | Buy | Target: ₹3,490 | Stop-loss: ₹3,165 The auto sector continues to show strong momentum, and M&M stands out as one of the top performers, holding firm near its record high. The stock remains in a well-defined uptrend and is currently consolidating in a tight range above its 20-week EMA—signaling strength and potential trend continuation. The rising trendline from recent lows is intact, further supporting the bullish structure. Overall, the setup favors the next leg of the rally.
Mint
20 minutes ago
- Mint
Indian stock market: 8 key things that changed for market overnight- Gift Nifty, Nasdaq to Bitcoin prices at record high
Indian stock market: The equity market benchmark indices, Sensex and Nifty 50, are expected to open lower on Thursday, following mixed global market cues. The Indian stock market is expected to remain volatile today amid weekly F&O expiry and ahead of the stock market holiday tomorrow, Asian markets traded mixed, while the US stock market ended higher overnight, with the S&P 500 and Nasdaq hitting new closing highs, amid increased expectations of an interest rate cut by the US Federal Reserve. Traders see a Fed rate cut on September 17 as a near certainty, according to LSEG data, and even lay around 7% odds on a super-sized half-point reduction. On Wednesday, the Indian stock market ended higher, led by buying across the segments. The Sensex gained 304.32 points, or 0.38%, to close at 80,539.91, while the Nifty 50 settled 131.95 points, or 0.54%, higher at 24,619.35. 'We expect the market to remain range bound and domestic-facing themes likely to be in favour amidst caution over US tariffs and outcome of the US-Russia peace talks scheduled for Friday,' said Siddhartha Khemka - Head Of Research, Wealth Management, Motilal Oswal Financial Services Ltd. Here are key global market cues for Sensex today: Asian markets traded mixed on Thursday, despite an overnight rally on Wall Street. Japan's Nikkei 225 declined 0.94%, while the Topix index dropped 0.64%. South Korea's Kospi index lost 0.17%, and the Kosdaq was flat. Hong Kong's Hang Seng index futures indicated a stronger opening. Gift Nifty was trading around 24,689 level, a discount of nearly 23 points from the Nifty futures' previous close, indicating a weak start for the Indian stock market indices. US stock market ended higher on Wednesday, with the benchmark S&P 500 and Nasdaq indexes hitting new closing highs for the second straight day, on hopes of a Fed rate cut. The Dow Jones Industrial Average rallied 463.66 points, or 1.04%, to 44,922.27, while the S&P 500 rose 20.82 points, or 0.32%, to 6,466.58. The Nasdaq Composite closed 31.24 points, or 0.14%, higher at 21,713.14. Apple share price rose 1.6%, Nvidia stock price fell 0.85%, Microsoft shares dropped 1.64%, while Tesla share price declined 0.47%. CoreWeave shares plunged almost 21% and Paramount Skydance stock price jumped 36.7%. US Treasury Secretary Scott Bessent made his most explicit call yet for the Federal Reserve to execute a cycle of interest-rate cuts. 'I think we could go into a series of rate cuts here, starting with a 50 basis-point rate cut in September,' Bessent said in a television interview on Bloomberg Surveillance Wednesday. 'If you look at any model' it suggests that 'we should probably be 150, 175 basis points lower.' The US dollar languished near multi-week lows against the euro and sterling. The dollar index, which measures the currency against the euro, sterling and four other major peers, was steady at 97.704. The euro edged up to $1.1713, while Sterling rose to $1.3586. Against Japan's currency, the greenback lost 0.3% to 146.95 yen. Bitcoin prices hit a record high on Fed rate cut bets. The world's largest crypto-asset by market capitalisation, Bitcoin, climbed as much as 0.9% to $124,457.12, surpassing its previous peak hit in July. On the day, the second largest crypto-token Ethereum hit $4,784.67, the highest level since late 2021. Gold prices rose for a third day as bets on Federal Reserve interest-rate cuts increased. Spot gold price was 0.5% higher at $3,372.03 per ounce, after rising 0.2% in the previous session. Crude oil prices steadied near a two-month low after the International Energy Agency said the market is on track for record oversupply next year. Brent crude oil price rose 0.34% to $65.85 a barrel, while the US West Texas Intermediate (WTI) crude futures gained 0.30% to $62.84. (With inputs from Reuters) Disclaimer: 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.
