Equity Alert
Niva Bupa Health Insurance marginally up ahead of Q1 earnings
This story was originally published at 11:38 IST on 30 July 2026
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Equity Alert: Niva Bupa Health Insurance marginally up ahead of Q1 earnings
NEW DELHI--1035 IST--Shares of Niva Bupa Health Insurance Co. Ltd. edged higher ahead of the company's June quarter earnings, scheduled later in the day. The company is expected to report a profit in the June quarter, compared to a loss in the corresponding quarter a year ago. Sequentially, however, the net profit is seen falling. The health insurance company's net premium income is expected to rise both on year and sequentially.
The insurance company is expected to report a net profit in the range of INR 985 million – INR 1.08 billion, according to two brokerages. The net premium income is expected to be around INR 22.05 billion – INR 22.72 billion. Motilal Oswal Financial Services Ltd. had the lowest estimates for both the parameters, while JM Financial Institutional Securities Pvt. Ltd. had the highest estimates.
According to Motilal Oswal, Niva Bupa's premiums will see strong double-digit growth, led by growth in the health segment following the goods and services tax changes. In September last year, the GST Council had exempted individual life and health insurance policies from the indirect tax. According to the latest data, Niva Bupa's health insurance premiums were up 34.3% on year in June at INR 7.98 billion.
In the quarter ended March, Niva Bupa had posted a nearly 68% on-year rise in net profit to INR 3.45 billion, and its total income had grown 33% to INR 20.78 billion. The company had reported gross written premiums of INR 28.80 billion in the trailing quarter.
The insurer's combined ratio is likely to remain broadly stable on a year-on-year basis during the June quarter despite some pressure from claims, Motilal Oswal said. "The loss ratio is expected to increase YoY in 1QFY27, primarily due to the ageing of the back-book," the brokerage also said.
Originally launched as Max Bupa Health Insurance in 2008, the insurer was rebranded to Niva Bupa Health Insurance in March 2022 following a change in ownership. Niva Bupa Health Insurance was listed on the stock exchanges in November 2024. At 1111 IST, shares of the company were trading at INR 86.19 on the National Stock Exchange, up 0.5% from the previous close.
The insurance company's management's guidance on growth and combined ratio will be critical, Motilal Oswal said. (Priyasmita Dutta)
Equity Alert: M&M up 1% ahead of Q1 results; Bajaj Fin, Tata Steel in red
MUMBAI--1030 IST--While shares of Mahindra & Mahindra traded higher ahead of its June quarter results, those of Bajaj Finance and Tata Steel were in the negative territory. M&M is expected to declare its earnings during the market hours, especially the second half, past trend showed. Meanwhile, the other two are most likely to report their numbers post market hours.
Automobile major M&M's net profit growth is expected to be the weakest in eight quarters on a year-on-year basis in the June quarter, as a sharp spike in commodity prices is expected to offset the strong increase in despatches. M&M's revenues are expected to get a boost from improved realisations on account of recent price hikes.
M&M's net profit for the June quarter is expected to rise a tad over 4% on year to INR 35.96 billion, as per 15 brokerage estimates. The Thar maker's revenue from operations is forecast to be INR 417.39 billion, up a little over 22% on year. At 1053 IST, the stock traded at INR 3,258.70 on the NSE, up 1.2%.
On the other hand, Bajaj Finance is expected to report a strong set of numbers for the June quarter, supported by healthy expansion in assets under management, sustained customer acquisition and resilient loan demand across retail lending segments, according to brokerages. While business momentum is likely to remain robust, investors will closely monitor whether elevated funding costs continue to weigh on net interest margin and if the moderation in credit costs seen in recent quarters is sustainable.
Bajaj Finance will report net interest income of INR 126.73 billion, up 23.9% from a year earlier and 7.6% higher than the March quarter, the average of estimates from 12 brokerages suggests. Consolidated net profit is expected at INR 58.71 billion, reflecting growth of 24.9% on year and 7.4% sequentially. The stock traded at INR 1,039.40 on the NSE, down 1.4%.
Tata Steel's top-line performance for the June quarter is seen to reflect the delivery volumes data, which showed a strong on-year rise in India volumes partly offset by declines in output from the Netherlands, the UK, and Thailand. The company's consolidated revenue from operations for the quarter is expected to be INR 588.02 billion. Excluding an outlier estimate of revenues of INR 680.24 billion by Axis Securities Ltd., the average is INR 582.89 billion, up 9.6% on year and down 7.9% on quarter.
The company is expected to report a consolidated net profit of INR 24.44 billion for the June quarter, up 10.6% on year, according to the average of estimates from 19 brokerages. Sequentially, the net profit is seen down 25%. The steel major's stock traded marginally lower at INR 187.19. (Gopika Balasubramanium)
Equity Alert: XtraNet Tech pares gains post 7% premium debut on NSE
MUMBAI--1028 IST--Shares of XtraNet Technologies listed at INR 136 a share on the NSE, a 7% premium to the issue price of INR 127. As soon as the company's stock made its debut, it hit a high of INR 136.90, but pared gains. At 1029 IST, it was at INR 129.20 apiece on the NSE. Over 2 million shares of the company were traded.
The company's offering closed Monday with the company receiving bids for 112.52 million shares, over 12 times the total offer size of 9.19 million shares. The issue was solely a fresh issue of up to INR 1.70 billion.
XtraNet Technologies is an integrated information technology solutions company that offers a wide range of services, including enterprise resource planning, application development, enterprise consulting, IT infrastructure services, and data centre services. For the financial year 2025–26 (Apr-Mar), it had reported a consolidated net profit of INR 402.55 million on revenues of INR 3.65 billion. (Gopika Balasubramanium)
Equity Alert: INDO-MIM lists on NSE at INR 700, premium of 44% to issue price
MUMBAI--1025 IST--Shares of INDO-MIM listed at INR 700 on the NSE, a 44% premium to the issue price of INR 485. The stock traded higher since its debut and jumped 50% from the issue price to hit a high of INR 725.80. At 1019 IST, the stock was at INR 710.05 on the NSE, up 46.4%, and over 42 million shares changed hands.
The company's public issue closed Monday and was subscribed 72.34 times, with bids placed for 3.99 billion shares against 55.09 million shares on offer. The issue comprised a fresh issue of shares of up to INR 10 billion and an offer for sale of up to 129.67 million shares.
INDO-MIM gives end-to-end solutions for the manufacture of precision engineering components using metal injection moulding technology. It includes designing and tooling with finishing and assembly operations. The company had reported a consolidated net profit of INR 5.34 billion for the financial year 2025-26 (Apr-Mar) on revenues of INR 41.93 billion. (Gopika Balasubramanium)
Equity Alert: Lohia Corp up 13?ter listing at 8% premium on NSE
MUMBAI--1023 IST--Shares of Lohia Corp. listed at INR 461 apiece on the NSE, a premium of over 8% to the issue price of INR 425. The company's stock saw decent buying interest as soon as it got listed and rose 13% to hit a high of INR 479. At 1008 IST the stock was at INR 475.30 apiece. Around 5.48 million shares of the company have changed hands so far on the NSE.
The company's issue closed Monday and was subscribed over seven times with bids placed for 104.09 million shares against 14.35 million shares on offer. The issue is solely an offer for sale of up to 42.26 million shares.
Lohia Corp. manufactures a diverse suite of machinery, including tape extrusion lines, circular looms, coating and lamination lines, printing machines, conversion machines, multi-filament-yarn machines, and twister winders. The company had reported a consolidated net profit of INR 1.9 billion for the financial year 2025-26 (Apr-Mar) on revenues of INR 17.2 billion. (Gopika Balasubramanium)
Equity Alert: Vedanta Aluminium falls 1% ahead of Q1 earnings
MUMBAI--1021 IST—– Shares of Vedanta Aluminium Metal fell nearly 1% to an intraday low of INR 436.15 ahead of the company's June quarter earnings Thursday. This is the first time the company will report its financial results to stock exchanges after its listing on Jun. 15 following demerger of the aluminium, oil and gas, iron and steel, and electricity segments of Vedanta into separate companies.
The company is seen reporting a consolidated net profit of INR 56.94 billion on the back of revenue from operations of INR 200.14 billion and earnings before interest, depreciation, and amortisation of INR 99.67 billion, as per brokerage Kotak Securities. The brokerage expects the company to report an increase in EBITDA due to "higher commodity prices in aluminium, partly offset by the company's hedging positions."
The company's volume for the quarter is seen at 630,000 tonnes "led by ramp-up of new smelter capacity at BALCO (Bharat Aluminium Co. Ltd.)," the brokerage said in its report. Vedanta Aluminium owns 51% stake in Bharat Aluminium with the balance owned by the government.
All four brokerage reports on the company available with Informist have a "buy" call at an average target price of INR 557.50. At 1019 IST, shares of Vedanta Resources traded 0.1% lower at INR 439. (Rajesh Gajra)
Equity Alert: Indices rise after flat opening; IT cos major gainers
MUMBAI--1000 IST--Domestic equity indices traded higher after a flat opening amid higher crude oil prices and escalation in the war in West Asia. Information technology and automobile stocks gained the most in the Nifty 50 index. Upstream oil companies also gained in early trade as Brent crude oil prices rose to $89 a barrel.
At 1005 IST, the Nifty 50 was at 24277.60, up 27.40 points or 0.1%. The BSE Sensex was at 77727.53, up 72.93 points or 0.1% from its previous close. India VIX, the volatility index, rose over 1% to 12.1725 points.
Barring the Nifty Small Cap 50, all broader market indices were lower in early trade, down 0.2–0.3%. Sectoral indices were mixed with the Nifty IT gaining the most, up nearly 2%. The Nifty Auto was up over 1%. Meanwhile, the Nifty Realty was the biggest loser, down over 1%.
Oil and Natural Gas Corp. was the top gainer in the Nifty 50 index, up over 2%. Information technology stocks Wipro and Infosys were also up over 2?ch. Tech Mahindra and HCL technologies were up over 1?ch. Automobile stocks Mahindra & Mahindra, Bajaj Auto, and Eicher Motors were up 0.6-1.8%.
Among the losers in the index, Adani Ports and Special Economic Zone was the key drag, down over 2%. Shriram Finance and Jio Financial Services were down over 1?ch. (Arundathi A R)
Equity Alert: Analysts positive on Adani Ports post results, acquisitions key
MUMBAI--0858 IST--Adani Ports and Special Economic Zone posted a healthy set of earnings for the June quarter despite the West Asia war adversely impacting its domestic ports volumes. The company retained its guidance for earnings before interest, tax, depreciation, and amortisation at INR 250 billion-INR 260 billion and it sees its revenue growing INR 430 billion-INR 450 billion for 026-27 (Apr-Mar). The company's acquisitions will be key to watch going ahead.
Most of the company's capacity addition plans are focussed on brownfield expansion in the domestic ports business, Emkay Global Financial Services said. The brokerage expects the company's India ports vertical to clock in 14% compounded annual growth in revenue between FY26 and FY29. The company's strong cash conversion and comfortable leverage position allow it to pursue margin-accretive acquisitions down the line, Emkay Global said. The broking firm retained its 'buy' stance on the stock with an unchanged target price of INR 2,000. It hiked its revenue estimates for the company by 2% over FY27-28. "APSEZ's integrated transport platform should support deeper customer stickiness and more diversified earnings – all while preserving capital discipline," the brokerage said.
The company's growth in the June quarter was driven by its marine business, revenue from which increased 67% on year, Nuvama Institutional Equities noted. Going forward, the company's acquisition plans will be key to monitor, it said. Nuvama estimates the Adani Ports' revenue to grow 16% at a compounded annual rate between FY26 and FY29. Its EBITDA is expected to go up 15% during the same period. The brokerage retained its 'buy' stance on the stock and with a target price of INR 2,000.
The company's revenue and EBITDA for the June quarter beat Nomura's estimates on a better mix. The brokerage expects the Adani group company to see its EBITDA rising 19% at a compounded annual rate over FY26-29 while maintaining its 'buy' rating with an unchanged target price of INR 2,080.
Adani Ports posted a consolidated net profit of INR 36.20 billion on revenues of INR 108.21 billion. The company reported its earnings for the June quarter during trading hours. On Wednesday, shares of the company fell 3% to INR 1,719.70 on the NSE. (Ruchira Kagita)
Equity Alert: Indices to open lower as W Asia war escalates, oil prices rise
MUMBAI--0855 IST--Domestic equity indices are likely to open lower Thursday amid further escalation in the US-Iran war and a consequent rise in Brent crude oil prices. The US launched attacks on Iran early Thursday as retaliation for the Islamic Revolutionary Guard Corps' attack on Jordan. At 0842 IST, the September futures contract of Brent crude oil was at $89.57 a barrel. Max Healthcare Institute, Bajaj Finance, Mahindra & Mahindra, and Tata Steel will announce their June quarter earnings Thursday.
At 0830 IST, the August futures contract of GIFT Nifty was at 24229, down 55 points or 0.2% from its previous close. This was 21 points down from the Nifty 50's previous close of 24250.20, indicating a lower opening for the market. "The positional chart structure remains sideways as long as the index trades within the 23800–24600 spot zone on a closing basis," Vipin Kumar, assistant vice-president at Globe Capital Market, said. "Hence, we suggest that traders maintain a stock- and sector-specific trading approach as long as the index remains sideways."
From the earnings perspective, shares of Max Healthcare Institute, Bajaj Finance, Mahindra & Mahindra, and Tata Steel will be in focus. Bajaj Finance is expected to post a net profit of INR 58.71 billion, up 25% on year. Its interest income is expected to be INR 126.73 billion, up 24% on year.
Automobile major M&M is likely to report a net profit of INR 35.96 billion for the June quarter, up over 4% on year. Its revenue from operations is expected to be INR 417.39 billion, up a little over 22% on year. Tata Steel's consolidated net profit for the June quarter is expected to be INR 24.44 billion, up 11% on year, while its revenue is seen at INR 588.02 billion.
Eicher Motors reported its June quarter results Wednesday post market hours. The automotive manufacturer reported a consolidated net profit of INR 14.63 billion, up 21.4% on year. Its revenue from operations rose 31.6% to INR 66.32 billion. Both the metrics beat analysts' estimates for the quarter.
All three major US indices settled lower Wednesday. Asian equity indices were mixed in early trade Thursday, with TAIEX gaining the most among the pack. (Arundathi A R)
Equity Alert: Asian mkts open mixed, Samsung Electronics earnings surprise
MUMBAI--0747 IST--Indices in Asia opened mixed Thursday as the market slowly recovered from the steep losses earlier this week. The recovery comes after the chip stock sell-off Wednesday wiped away more than $2 trillion from Seoul's equity market. The Brent crude October futures fell 1.4% to $82.25 a barrel Thursday. South Korea's Kospi rose more than 5% as index heavyweight Samsung Electronics rose more than 6% after it reported a 19-fold jump in its operating profit for the June quarter. This lifted sentiment in the region.
Japan's Nikkei rose more than 2% and the broad market Topix rose slightly. The heavyweights Advantest and Tokyo Electron both rose more than 11% and 5%, respectively. Hong Kong's Hang Seng traded flat. Shares of Zhongji Innolight fell 5?ter the optical transceiver maker made its trading debut on the Hong Kong Stock Exchange. The company raised $6.8 billion from its issue.
The US Federal Open Market Committee decided to keep the benchmark federal funds target rate unchanged at 3.50-3.75% but the voting on the decision stoked fears of a rate hike in October.
Mainland China's CSI 300 and Singapore's FTSE both fell marginally. Australia's SP/ASX 200 Index fell slightly.
Following are the closing levels of key indices in the region at 0747 IST:
|
Index |
Level |
Change in % |
|
Nikkei 225 Day |
62781.12 | 2.2 |
|
TOPIX FIRST SECTION |
3980.18 | 0.2 |
|
S&P/ASX 200 Index |
9007.7 | (-)0.3 |
|
KOSPI Index |
5967.59 | 5.3 |
|
Hang Seng Index |
25783.15 | (-)0.1 |
|
CSI 300 Index |
4576.65 | (-)0.5 |
|
FTSE Singapore Strait Times |
5678.5 | (-)0.6 |
(Deesha Jadhav)
Equity Alert: US markets close lower; Fed keeps interest rates unchanged
MUMBAI--0702 IST--Major US indices closed lower Wednesday after the US Federal Reserve decided to hold interest rates steady. The fall was led by a sell-off in chip stocks. The Dow Jones Industrial Average closed more than 2% lower, and the Nasdaq Composite and the S&P 500 both closed more than 1% lower.
The US Fed decided to keep the benchmark federal funds target rate unchanged in the 3.50-3.75% range. Investors had largely expected the Fed would keep interest rates unchanged. Inflation has been above the central bank's target for more than five years and up until last month it was rising as the war in West Asia pushed up global fuel and food prices, Reuters reported.
"The Fed held pat, as expected. The bigger question now though becomes, how much pressure will they have to hike in September? Inflation is running hot and with surging crude oil, the market expects the next hike to indeed be in September," Reuters quoted Ryan Detrick, chief market strategist at Carson Group, as saying.
Shares of Meta Platforms fell 4% in extended trade after it raised its outlook for capital expenditure to between $130 billion and $145 billion for 2026 from $125 billion to $145 billion earlier, Reuters reported. After the bell, Microsoft rose marginally after the company's quarterly cloud revenue growth beat the Street's estimate. Ford Motors rose around 2?ter it raised its annual profit outlook Tuesday for the second time this year. Visa rose marginally after the company's earnings for the June quarter beat the Street's estimate.
Following were the levels of major US indices in the region:
|
Index |
Level |
Change in % |
|
Dow Jones Industrial Average |
51594.14 | (-)2.2 |
|
NASDAQ Composite |
24442.94 | (-)1.7 |
|
S&P 500 |
7316.15 | (-)1.5 |
(Deesha Jadhav)
US$1 = INR 95.74
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Deepshikha Bhardwaj
All prices from National Stock Exchange, unless otherwise specified.
All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.
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