JM FINANCIAL ON WIRE & CABLE STOCKS
Polycab & KEI downgraded to ADD from BUY.
RR Kabel downgraded to REDUCE from ADD.
Polycab & KEI downgraded to ADD from BUY.
RR Kabel downgraded to REDUCE from ADD.
MAGELLANIC CLOUD:
CO. COMPLETES HANDOVER OF 685SITES OF PUNJAB & SIND BANK, ACHIEVING 74% DEPLOYMENT IN JUST 5MONTHS
CO. COMPLETES HANDOVER OF 685SITES OF PUNJAB & SIND BANK, ACHIEVING 74% DEPLOYMENT IN JUST 5MONTHS
MAX FIN:
EXPECT APE TO GROW 200 -500 BPS OVER INDUSTRY AVERAGE
EXPECT TO OUTPERFORM INDUSTRY AVERAGE GROWTH IN AUG
EXPECT APE TO GROW 200 -500 BPS OVER INDUSTRY AVERAGE
EXPECT TO OUTPERFORM INDUSTRY AVERAGE GROWTH IN AUG
ZEN TECH:
CO SAYS FY27 WILL SEE BETTER PROFITABILITY FROM NOW
CO AIM FOR 25% PAT MARGIN, 35% EBITDA MARGIN IN FY27 - TV
CO SAYS FY27 WILL SEE BETTER PROFITABILITY FROM NOW
CO AIM FOR 25% PAT MARGIN, 35% EBITDA MARGIN IN FY27 - TV
L&T: INDIA RATINGS REAFFIRMS TOP CREDIT RATINGS
• NCD rating reaffirmed at ‘IND AAA’ with Stable outlook.
• Commercial Paper rating reaffirmed at ‘IND A1+’.
• Ratings indicate L&T’s strong capacity to meet both long-term and short-term financial commitments.
• NCD rating reaffirmed at ‘IND AAA’ with Stable outlook.
• Commercial Paper rating reaffirmed at ‘IND A1+’.
• Ratings indicate L&T’s strong capacity to meet both long-term and short-term financial commitments.
VAIBHAV GLOBAL: CARE RATINGS UPGRADES CREDIT RATING
• ₹120 Cr bank facilities rating upgraded to ‘CARE A+; Stable / CARE A1+’ from ‘CARE A+; Stable / CARE A1’.
• Upgrade based on FY26 audited and Q1FY27 unaudited performance.
• Total rated bank facilities: ₹120 Cr.
• Punjab National Bank: ₹48 Cr | HDFC Bank: ₹34 Cr | Yes Bank: ₹21 Cr | SBI: ₹15 Cr.
• ₹120 Cr bank facilities rating upgraded to ‘CARE A+; Stable / CARE A1+’ from ‘CARE A+; Stable / CARE A1’.
• Upgrade based on FY26 audited and Q1FY27 unaudited performance.
• Total rated bank facilities: ₹120 Cr.
• Punjab National Bank: ₹48 Cr | HDFC Bank: ₹34 Cr | Yes Bank: ₹21 Cr | SBI: ₹15 Cr.
BAJAJ AUTO, RAKESH SHARMA SAYS
Continued Growth In LatAM Market Boosted Exports
There's An Element Of 'Stocking Up' In Export Numbers Due To West Asia War
Will Have An Entirely Upgraded & Refurbished Portfolio Over The Next Few Months
In Nigeria, Monthly Run-rate Is Currently Around 30,000 Units
EV Demand Has Surged Over Last Few Months & Capacity Is Challenged
Majority Of The Sales Contribution Of e2W Is From Above 1 Lakh Category
Continued Growth In LatAM Market Boosted Exports
There's An Element Of 'Stocking Up' In Export Numbers Due To West Asia War
Will Have An Entirely Upgraded & Refurbished Portfolio Over The Next Few Months
In Nigeria, Monthly Run-rate Is Currently Around 30,000 Units
EV Demand Has Surged Over Last Few Months & Capacity Is Challenged
Majority Of The Sales Contribution Of e2W Is From Above 1 Lakh Category
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AXIS MAX LIFE INSURANCE, SUMIT MADAN SAYS
Strong Business Looks Sustainable & Scalable
Expect APE To Grow 200-500 Bps Over Industry Average
Expect To Outperform Industry Average Growth In August
Expect VNB Margin To Be Between 25-26% In FY27
Axis Bank Has Expressed A Desire To Increase Its Stake In Axis Max Life
Strong Business Looks Sustainable & Scalable
Expect APE To Grow 200-500 Bps Over Industry Average
Expect To Outperform Industry Average Growth In August
Expect VNB Margin To Be Between 25-26% In FY27
Axis Bank Has Expressed A Desire To Increase Its Stake In Axis Max Life
ULTRATECH CEMENT: CO. TO SCALE UP SUPPLY CHAIN ELECTRIFICATION WITH 600+ HEAVY-DUTY ELECTRIC TRUCK FLEET BY DECEMBER 2026; EXPECTED TO TRANSPORT 5 MILLION MT OF CLINKER ANNUALLY; PROJECTED NET CO₂ REDUCTION OF OVER 1,17,000 TONNES PER YEAR.
SEBI SAID TO HAVE OPPOSSED NSE PLEA TO TRADE NSE SHARES ON THEIR OWN EXCHANGE
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BSE: CO SAYS WE ARE SPEAKING TO MARKET PARTICIPANTS TO PARTICIPATE MORE IN CAS
MANGALAM GLOBAL: CO. APPOINTS MR. DARSHAK MEHTA AS CEO FOR THE BRAND “NEAT EVERYDAY”
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TATA MOTORS: JLR OPENS BOOKINGS FOR RANGE ROVER ELECTRIC WITH UP TO 600KM RANGE
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BONDADA ENGINEERING LTD: CO. INCORPORATES WHOLLY OWNED SUBSIDIARY BONDADA HINDUPUR BESS PROJECT PRIVATE LIMITED FOR 225 MW BATTERY ENERGY STORAGE SYSTEM; PROJECT AIMED AT GRID-SCALE ENERGY STORAGE AND RENEWABLE ENERGY INTEGRATION.
JAPAN’S CREDIT RATING AGENCY UPGRADES INDIA’S SOVEREIGN RATING
🇮🇳 Japanese Credit Rating Agency (JCRA) has upgraded India’s sovereign rating from BBB+ to A-, signalling stronger confidence in India’s economic fundamentals and creditworthiness.
🇮🇳 Japanese Credit Rating Agency (JCRA) has upgraded India’s sovereign rating from BBB+ to A-, signalling stronger confidence in India’s economic fundamentals and creditworthiness.
PAKISTAN FOREIGN MINISTRY ON US-IRAN ESCALATION: WE REMAIN POSITIVE THAT THE PARTIES WILL RETURN TO TABLE FOR DIALOGUE
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TARUN GARG, MD AND CEO, HYUNDAI MOTOR INDIA
Our exports remain concentrated in mature technologies
India has successfully built scale; now need to leap-frog towards greater self-reliance
Need to build domestic capability in semiconductors, power electronics
Tech ownership is important for strategic independence
India has built a strong manufacturing foundation
Need to create greater capability, global standards of quality, performance and safety
Our exports remain concentrated in mature technologies
India has successfully built scale; now need to leap-frog towards greater self-reliance
Need to build domestic capability in semiconductors, power electronics
Tech ownership is important for strategic independence
India has built a strong manufacturing foundation
Need to create greater capability, global standards of quality, performance and safety
EMS says
Targets 15% PAT Margin In FY27
Targets Near ₹900-1,000 Cr Revenue By Year-End
Order Book At ₹633 Cr Excluding Rajasthan
Targets 15% PAT Margin In FY27
Targets Near ₹900-1,000 Cr Revenue By Year-End
Order Book At ₹633 Cr Excluding Rajasthan