Equity Markets & Sector News Update -7 Aug, 2025

Markets & Macro
• Indian equities closed lower: Sensex down 166.26 points (0.21%) to 80,543.99; Nifty fell 0.31% to 24,574.20. Domestic indices reacted to neutral RBI policy and escalating U.S. tariffs on Indian goods
• Markets are poised for a muted open as U.S. doubles tariffs on Indian imports to 50%, signaling heightened trade tensions while initial adjustments appear already priced in
• The Indian rupee is expected to hold near ₹87.70–87.75/USD, with analysts forecasting RBI intervention to support exchange rate stability amid SDR flows

Trade Tensions & Sector Alerts
• The U.S. has imposed additional 25% tariffs, bringing India’s total duties up to 50% for exports to the U.S.—targeting sectors including textiles, leather, jewelry, and auto components; market impact expected to firm amid escalation
• Indian textile exporters like Gokaldas Exports, Pearl Global, KPR Mill, Indo Count, and Welspun are expected to take a hit in listings today due to reduced U.S. competitiveness

Banking & Financial Services
• MarketSmith India recommends SBI Life Insurance as a top pick, citing strong financials and favorable sector tailwinds; target price ₹2,050 within 2–3 months

IPOs & Corporate Actions
• Cash Ur Drive Marketing debuts on the NSE SME platform on August 7, with a high grey market premium (~26%) signaling strong listing expectations
• JSW Cement, backed by Sajjan Jindal’s group, launches its ₹3,600 crore IPO today, part of a trimmed issue aiming to raise capital for expansion
• Murae Organisor shareholders must hold shares by August 6 to qualify for a 1:10 bonus issue; the record date is August 7

Economic Outlook & External Pressures
• India’s GDP grew 7.4% YoY in FY25, supported by private consumption and capex; exports growth moderated to ~3.9% in Q4 FY25 due to global headwinds

Market Themes to Watch
• Policy response to escalating U.S. tariffs will weigh on investor and export sentiment.
• Export-heavy sectors (textiles, engineering, agro) may face earnings pressure ahead.
• Gray market activity and IPO flow suggest robust investor appetite in SME and corporate listing segments.
• Consumption growth and insurance demand remain pockets of stability.

Corporate Results Update

Trade & Exports / Infrastructure

Adani Ports & SEZ
• Q1 Net Profit: ₹3,315 crore ⬆️ 6.5% YoY
• Revenue: ₹9,126 crore ⬆️ 31% YoY
• Cargo throughput rose 11% YoY to 121 million tonnes, as logistics and marine services saw robust expansions. Domestic port and international operations grew well, boosting margins near 74% and doubling logistics revenues

Manufacturing & Auto
Bajaj Auto
• Q1 FY26 Revenue: ₹13,133 crore ⬆️ 10% YoY
• PAT: ₹2,210 crore ⬆️ 14% YoY
• Growth driven by strong exports and premium motorcycle sales; balance sheet healthy with ₹16,726 crore in surplus funds

Infrastructure & Construction
Sanghvi Movers
• Revenue: ₹273.36 cr ⬆️ 81.5% YoY
• EBITDA: ₹99.55 cr ⬆️ 34%
• Margin: 36.4% (vs 49.4%) 📉
• Net Profit: ₹50.26 cr ⬆️ 24%

HUDCO
• Revenue: ₹2,937.31 cr ⬆️ 34.2%
• Net Profit: ₹630.23 cr ⬆️ 13%
• Net Interest Income: ₹948 cr ⬆️ 33.4%
• Impairment loss: ₹103 cr (vs ₹18.7 cr) 📉

IRB Infrastructure
• Toll Revenue (July 2025): ⬆️ ~10% YoY

Metals & Engineering
Jindal Stainless
• Revenue (QoQ): ₹10,207.14 cr 🔁 Flat
• EBITDA: ₹1,309.80 cr ⬆️ 23%
• Margin: 12.8% (vs 10.4%) ⬆️
• Net Profit: ₹714.16 cr ⬆️ 21%

Chemicals & Fertilizers
Gujarat Narmada Valley Fertilizers
• Revenue: ₹1,601 cr ⬇️ 20.8%
• EBITDA: ₹31 cr ⬇️ 80%
• Margin: 1.9% (vs 7.6%) 📉
• Net Profit: ₹83 cr ⬇️ 30%

Capital Goods & Machinery

MM Forgings
• Revenue: ₹361.64 cr ⬇️ 5.4%
• EBITDA: ₹63.31 cr ⬇️ 13%
• Margin: 17.5% (vs 19.1%) 📉
• Net Profit: ₹19.19 cr ⬇️ 36%

Kirloskar Oil Engines
• Revenue: ₹1,763.80 cr ⬆️ 8.1%
• EBITDA: ₹326.67 cr ⬆️ 1%
• Margin: 18.5% (vs 19.9%) 📉
• Net Profit: ₹141.88 cr ⬇️ 11%

Industrial Pipes & Fittings

Prince Pipes and Fittings
• Revenue: ₹580.42 cr ⬇️ 4.0%
• EBITDA: ₹39.57 cr ⬇️ 32%
• Margin: 6.8% (vs 9.6%) 📉
• Net Profit: ₹4.82 cr ⬇️ 80%

Retail & Lifestyle
Trent Ltd
• Revenue: ₹4,781.25 cr ⬆️ 19.8%
• EBITDA: ₹837.73 cr ⬆️ 37%
• Margin: 17.5% (vs 15.3%) ⬆️
• Net Profit: ₹422.59 cr ⬆️ 24%

Auto & Components

Hero MotoCorp
• Revenue: ₹9,578.86 cr ⬇️ 5.6%
• EBITDA: ₹1,381.71 cr ⬇️ 5%
• Margin: 14.4% 🔁 Flat
• Net Profit: ₹1,125.70 cr 🔁 Flat

Aerospace & Defence

Paras Defence and Space Technologies
• Signed a teaming agreement with HP Space Structure Systems (Germany)
o Focus: Indian defence and space projects

Engineering & Manufacturing

Jash Engineering
• Order book as of Aug 1: ₹875 cr
• New orders in July: ₹78 cr
T
ata Steel
• Acquired 40% stake in TSN Wires, making it a wholly owned foreign subsidiary

Legal & Compliance
Schneider Electric Infrastructure
• Stay order granted by Gujarat High Court against an ₹18.53 cr Income Tax demand