🇮🇳 India Daybook: Bajaj Auto, TVS Motor Q1 in Focus; SBI Funds Management Lists Today

📍 EARNINGS TODAY

• Bajaj Auto
• TVS Motor Company
• Adani Energy Solutions
• Indian Hotels Company (IHCL)
• JSW Infrastructure
• Mahindra & Mahindra Financial Services
• Bandhan Bank
• Crisil
• IndiaMART InterMESH
• Arvind Fashions

📍 EARNINGS UPDATES

• HDFC Bank: The lender reported a 5% YoY growth in standalone net profit to ₹19,060 crore for Q1 FY27. However, the stock plummeted over 5% in the previous session as net interest margins (NIM) disappointed at 3.26%, triggering concerns over profitability.
• Reliance Industries: The conglomerate reported Q1 revenue of ₹3.1 trillion, largely in line with estimates, while statutory EPS of ₹15.48 beat analyst forecasts by 5.2%. Analysts have maintained a consensus price target of ₹1,682 following the results.
• ICICI Bank: Shares outperformed the banking sector, gaining nearly 3% after reporting robust Q1 numbers, providing a hedge against the weakness seen in Axis Bank and Kotak Mahindra Bank.

📍 NEW LISTING

• SBI Funds Management: India's largest asset management company is scheduled to list on the NSE and BSE at 10:00 AM today. Market analysts expect a listing premium of approximately 18% based on grey market trends.

📍 ORDER WIN

• Tata Power: The company has successfully secured a major battery energy storage project from the Solar Energy Corporation of India (SECI), further strengthening its green energy portfolio.

📍 CORPORATE ACTIONS

• Pondy Oxides & Chemicals: The stock will trade reflecting a 5:2 stock split, with the face value being reduced from ₹5 to ₹2.
• Angel One: The company has declared a first interim dividend of ₹1 per share.
• Indo Borax & Chemicals: Shareholders are eligible for a total payout of ₹40 per share, consisting of a ₹10 final dividend and a ₹30 special dividend.
• Cholamandalam Investment & Finance: The company will trade ex-dividend today for its final dividend of ₹0.70 per share.

📍 MANAGEMENT & REGULATORY

• HDFC Bank: The board has reportedly delayed the recommendation for CEO Sashidhar Jagdishan's reappointment to the RBI, pending an additional review by independent directors regarding certain large deposit rates.
• Currency & Commodities: The Indian Rupee remains under pressure, trading near ₹96 per dollar, while Brent crude has surged above $90 per barrel amid escalating Iran-US tensions.

TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News