BPCL reported a 141% YoY rise in Q1FY26 net profit to Rs 6,839 crore, driven by higher margins and stable revenue. Sequential profit rose 56%, while GRM fell to $4.88/barrel. Downstream petroleum remained the dominant revenue contributor.
Kotak Securities anticipates a stronger second half for Indian markets, driven by festive demand and favorable monsoons benefiting rural areas. While consumer tech leaders like Nykaa and Honasa show long-term promise, high valuations in consumer companies raise concerns. Cautious approach is advised due to global economic uncertainty, prioritizing capital preservation over aggressive returns.
Gold prices on MCX fell Rs 1,500 this week after touching a record high, while silver remained firm. Softer U.S. CPI data boosted rate-cut hopes, supporting bullion. Analysts expect continued volatility amid tariff uncertainty, geopolitical events, and key U.S. economic releases, with gold and silver seen trading within defined weekly ranges.
Dipan Mehta of Elixir Equities expresses disappointment in the banking sector's recent performance, citing increased competition hindering growth. Excluding PSU banks, many NBFCs and private banks have underperformed. Mehta suggests investors look beyond banking for market outperformance, highlighting potential in capital goods, power equipment, and select two-wheeler companies. While pockets of growth exist, consistent exceptional performance across industries remains challenging.
NMDC shares experienced a rise of 2.5% following the announcement of robust first-quarter results for fiscal year 2026. Revenue saw a significant increase, driven by higher iron ore production and sales. While profit dipped slightly, operational performance was strong. The company holds substantial investments in various subsidiaries and joint ventures, both domestically and internationally.
Apollo Hospitals Enterprise shares experienced a surge. This followed the company's strong Q1FY26 performance. The healthcare giant reported a significant increase in consolidated net profit. Revenue from operations also grew year-on-year. Positive earnings and revenue growth across business segments boosted investor confidence. The stock is exhibiting a bullish trend, trading above key Simple Moving Averages.
Vikram Solar IPO: Vikram Solar has set a price band of 315322 for its 2,079.36 crore IPO opening on August 19, comprising a 1,500 crore fresh issue and 579.36 crore OFS. Minimum bid is 45 shares. The IPO is priced at a P/E of 68.4872.17x FY25 EPS, higher than the peer average of 44.28x.
