🇮🇳 India Daybook: Coforge Bags $230M AI Deal, REC Profit Jumps 23%

📍 Q1 RESULTS TODAY (July 27)

• Bharat Electronics (BEL): Analysts expect 16% YoY revenue growth driven by a healthy ₹74,000 crore order book.
• Coal India: Focus remains on production volume growth and e-auction premiums.
• Tata Power: Market monitoring renewable energy execution and Mundra plant performance.
• Canara Bank: Asset quality and NIM compression will be key monitorables.
• Indus Towers: Investors watching for updates on Vi's payment schedule and tenancy growth.
• Other key results: Coforge, HUDCO, Tata Chemicals, R R Kabel, Tejas Networks, Happiest Minds, and P N Gadgil Jewellers.

📍 EARNINGS RECAP (Post-Market / Weekend)

• REC Ltd: Reported a 23% sequential rise in standalone net profit to ₹4,149 crore; Net Interest Income (NII) rose 5% to ₹5,212 crore.
• SAIL: Net profit surged 138% YoY to ₹1,636 crore for Q1 FY27, despite geopolitical volatility affecting supply chains.
• Eternal Ltd (formerly Zomato): Net profit jumped 3.7x YoY to ₹92 crore; quick-commerce arm Blinkit emerged as the largest segment with ₹15,664 crore in revenue.
• Shriram Finance: Strong Q1 performance with net profit rising 60% YoY to ₹3,445 crore and NII advancing 34%.
• PVR INOX: Returned to profitability with a net profit of ₹56 crore for the June quarter.
• CG Power: Consolidated net profit grew 16% YoY to ₹308 crore.

📍 ORDER WIN

• Coforge: Secured a landmark five-year AI-led transformation contract valued at over $230 million with a European client.
• Waaree Renewable Technologies: Bagged two EPC contracts for ground-mounted solar PV projects with a combined capacity of 800 MWac (1,082 MWp).
• Bharat Electronics (BEL): Announced additional order wins worth ₹572 crore for defense electronics and communication equipment ahead of its results.

📍 ACQUISITION

• Waaree Renewable: Completed the acquisition of a 55% stake in Associated Power Structures for a consideration of ₹1,225 crore.

📍 BULK DEALS

• Asian Granito India: Over 3.7 million shares were traded on the NSE at an average price of ₹54.81.
• Dhabriya Polywood: Abakkus Venture Opportunities Fund acquired 601,341 shares from marquee investor Ashish Kacholia.
• Tanla Platforms: Promoter Rajdipkumar Gupta increased his stake by acquiring 800,000 shares via the open market.

📍 DIVIDEND

• REC Ltd: The Board has declared a first interim dividend of ₹4.25 per equity share for FY 2026-27.

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