🇮🇳 India Daybook: LIC Stake Sale Begins; NALCO & Muthoot Finance Post Strong Q1 Growth**

The Indian stock market on August 04, 2026, is centered on the government's massive stake sale in LIC and a flurry of robust Q1 FY27 earnings reports from major mid-to-large cap companies. Strong financial performances from NALCO and Muthoot Finance are expected to drive sectoral interest in metals and NBFCs, while the primary market remains active with several new IPO subscriptions.

📍 STAKE SALE

• Life Insurance Corporation (LIC): The Government of India has launched a two-day Offer for Sale (OFS) to sell up to a 6.5% stake in the insurance giant, starting today for non-retail investors. The floor price has been set at ₹382 per share, representing a 10% discount to its previous closing price; the sale is expected to fetch approximately ₹31,000 crore for the government.

📍 EARNINGS

• National Aluminium Company (NALCO): The company reported a stellar Q1 FY27 performance with Profit Before Tax (PBT) surging 87.3% year-on-year to ₹26.50 billion. Revenue from operations grew by 39% to ₹53.02 billion, primarily driven by a 42.9% jump in its aluminium segment revenue.
• Muthoot Finance: The gold loan NBFC posted a 43% year-on-year increase in consolidated net profit, reaching ₹28.3 billion for the June quarter. The growth was supported by strong demand for gold loans and steady margins.
• Persistent Systems: The IT firm reported a 13.7% YoY increase in net profit to ₹4.83 billion. Revenue for the quarter surged 29.1% to ₹43.03 billion, reflecting strong deal execution and growth in digital engineering services.
• Dixon Technologies: Net profit jumped significantly to ₹0.66 billion from ₹0.23 billion a year earlier, though EBITDA margins saw a slight contraction to 3.0%. Revenue grew 21.1% YoY to ₹15.55 billion.
• RR Kabel: The company delivered a robust 54% YoY revenue growth at ₹31.7 billion, while EBITDA nearly doubled due to strong volume growth in the wires and cables (C&W) segment.
• MobiKwik: The fintech player remained in the green, posting a profit of ₹7.61 crore in Q1 FY27 with a modest revenue growth of 3.7% YoY.
• KFin Technologies: Revenue rose 30% YoY, driven by a 182% surge in international solutions; the company reported a PAT of ₹752 million.

📍 ACQUISITION

• Shivalik Small Finance Bank: The bank has officially completed its acquisition of ManiBhavnam Home Finance India Pvt, a strategic move aimed at strengthening its presence in the affordable housing finance segment.

📍 JOINT VENTURE

• EPL Ltd: The European Commission has approved a joint venture involving Indovida India (EPL Ltd), Indorama Netherlands, and Blackstone-controlled Epsilon Bidco. The venture will focus on the manufacturing and sale of plastic packaging products and PET materials.

📍 CORPORATE ACTION

• Alembic Ltd: Shares of the company will trade ex-dividend today, August 4, following the announcement of a final dividend of ₹2.40 per share.

📍 PRIMARY MARKET

• Ardee Industries: The mainboard IPO of the company is scheduled to open for subscription on August 5, with a price band set at ₹50–₹53 per share.
• LEAP India & Technocraft Ventures: Both companies are among the seven IPOs slated to open this week, keeping the primary market momentum high.

TITLE: 🇮🇳 India Daybook: LIC Stake Sale Begins; NALCO & Muthoot Finance Post Strong Q1 Growth

SUMMARY: The Indian market is focused on the government's ₹31,000 crore stake sale in LIC and stellar Q1 results from NALCO and Muthoot Finance. Additionally, Persistent Systems and Dixon Tech reported double-digit revenue growth, signaling strong momentum across the IT and manufacturing sectors.

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

Tags: ** India Daybook Stocks in News Corporate News Stock Market Company News