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Informist, Tuesday, Aug. 11, 2026       Tel +91 (22) 6985-4000

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Equity Alert: Gokaldas Exports shares down 1% ahead of June quarter results

 

MUMBAI--0953 IST--Shares of Gokaldas Exports traded at INR 786 at 0952 IST, down 1% ahead of its June quarter earnings. JM Financial Institutional Securities and Motilal Oswal Financial Services expect the company's consolidated net profit for the June quarter to rise 8% on year to INR 448 million. The textile company's consolidated net sales are expected to rise for the June quarter. JM Financial expects consolidated net sales to be up nearly 14% on year to INR 10.90 billion, and Motilal Oswal estimates a nearly 11% rise to INR 10.61 billion from the year ago quarter.

 

Gokaldas's profit is expected to be supported by 7-9% volume growth, Motilal Oswal said. The company's subsidiary Matrix Clothing is likely to provide strong growth, and its Dubai-based subsidiary Atraco Group is expected to rebound with 14-16% volume growth in the June quarter, according to Motilal Oswal. "We expect Gokaldas Exports to deliver strong growth, driven by capacity expansion in India and higher utilisation in Africa following the renewal of AGOA (African Growth and Opportunity Act)," Motilal Oswal said.

 

The company is expected to report consolidated earnings before interest, tax, depreciation, and amortisation of INR 1.14 billion, according to JM Financial, while Motilal Oswal expects it to be INR 1.08 billion. The company's EBITDA was INR 1.19 billion in the year-ago quarter. The company's June quarter EBITDA margin is expected to be 10.2%, according to Motilal Oswal. The textile company reported an EBITDA margin of 12.1% in the same quarter a year ago. Gokaldas Exports reported a net profit of INR 359.62 million on revenue of INR 10.69 billion during the March quarter.

 

Of the five brokerage reports on the company available with Informist, four have a "buy" recommendation on the stock while one has a "hold" recommendation. The average target price for the "buy" recommendations is INR 993.5 per share, which implies an upside of over 26% from the current market price. The target price for the "hold" recommendation is INR 914. (Janaki Venugopalan)

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Equity Alert: Indices open down as oil prices at 2-wk high; Adani cos mixed

 

MUMBAI--0945 IST--Domestic equity indices opened marginally lower as crude oil prices surged to a nearly two-week high of $88 a barrel level. This comes after Iran ruled out future negotiations with US President Donald Trump and said it will not negotiate with Trump and will maintain its current strategy until his presidency ends in 2029. Shares of banking and financial services stocks were offloaded mainly in early trade. The Index Maintenance Sub-Committee (Equity) of NSE Indices has decided to make replacements of stocks in various indices as part of its periodic review. Accordingly, BSE will replace Wipro in the Nifty 50 index with effect from Sept. 30.

 

At 0924 IST, the Nifty 50 was at 24495.95, down 87.85 points or 0.4%. Only 14 of the 50-stock index members traded higher. The BSE Sensex was at 78223.11, down 319.33 points or 0.4%. The India Volatility Index, the fear gauge of the equity market, was marginally down at 12.1950 points. In the broader market, small-cap indices gained 0.3–0.5%, while mid-cap indices were down marginally each.

 

Most sectoral indices were lower early Tuesday, with the Nifty Private Bank being the biggest loser, down nearly 1%. The Nifty Financial Services and Nifty Bank were also down nearly 1?ch. The Nifty IT led the pack of gainers among sectoral indices, up nearly 1%.

 

InterGlobe Aviation became the key drag on the Nifty 50 index, down almost 2%, as crude oil prices rose sharply. The stock fell after two sessions of rise. Tata Consumer Products and Max Healthcare Institute were the next big losers in the index, down nearly 2?ch.

 

Banking and financial services stocks were the other major losers among Nifty 50 stocks, with Axis Bank shedding over 1%. Shriram Finance, Bajaj Finance, Kotak Mahindra Bank, and SBI Life Insurance Corp. were down around 1?ch.

 

Select automobile and information technology companies were among the few gainers in the Nifty 50 index. Eicher Motors was the top performer, up 1.5%. Bajaj Auto was up over 1%, while Maruti Suzuki India rose marginally.

 

Shares of Adani group companies were mixed after the US District Court for the Eastern District of New York dismissed the civil complaint filed against directors Gautam Adani and Sagar Adani by the Securities and Exchange Commission. The district court has mandated that Gautam Adani and Sagar Adani pay civil penalties amounting to $6 million and $12 million, respectively. At 0943 IST, barring Adani Energy Solutions and Adani Total Gas, all Adani companies were trading lower, down 0.1–0.4%. Adani Energy was up 0.3%, while Adani Total Gas rose 0.5%.  (Arundathi A R)

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Equity Alert: Seen in range; oil prices rise as Iran rules out talks with US

 

MUMBAI--0835 IST--Headline equity indices are likely to move in a range Tuesday as indicated by the GIFT Nifty's August futures contract levels. The market sentiment is expected to largely depend on crude oil prices as they surged to a nearly two-week high of $88 a barrel level on reports Iran ruled out future negotiations with US President Donald Trump and said it will not negotiate with Trump and will maintain its current strategy until his presidency ends in 2029.

 

Trump Monday responded to Iran's conditions for a peace deal with his own demand that Iran pay compensation for people killed in wars, attacks, and protests, Reuters reported. "We're going to ask for money for the damage they've done over a 50-year period," Trump said at the White House.

 

Shares of Adani Group companies will be in focus Tuesday after reports said a US judge Monday dismissed criminal charges against Indian billionaire Gautam Adani, but said the Justice Department's decision to abandon the fraud and bribery case was concerning. Reacting to this, Gautam Adani, in his X account, wrote that he welcomes the US court's decision with humility and deep respect for the judicial process.

 

At 0832 IST, the August futures contract of GIFT Nifty was a tad lower from Monday at 24598.50. This was almost 15 points higher than the Nifty 50's Monday close at 24583.80 and indicated the movement of indices within a range for Tuesday. "The technical view remains positive at current levels," Sundar Kewat, technical and derivatives analyst at Ashika Institutional Equity Research, said. "However, a sustained daily close above the 200-DMA would provide higher conviction to the bullish setup and could open the possibility of the index moving towards the 25200 level. In the near term, the buy-on-dips strategy remains favourable, with immediate support levels placed at 24500 and 24400. As long as these support levels hold, the broader bullish view remains intact." Volatility is also expected on the expiry day of the Nifty 50's weekly derivatives contract, like the index testing 24700 and then again going back to 24550-24500, Kewat said.

 

Market participants are expected to closely watch the closing auction system, even though indices gained in tandem on Monday for the first time since the system was implemented last week. At the end of the continuous trading session at 1515 IST Monday, the Nifty 50 was at 24560.15 points, a tad down from Friday. The BSE Sensex was also slightly down from Friday at 78478.66 points. After the closing auction session, the Nifty 50 ended at 24583.80, up 13.15 points or 0.1% from Friday's close.

 

All three major US indices closed lower Monday. Barring the CSI 300 Index and the Hang Seng Index, all major Asian equity indices were higher in early trade. Japan's Nikkei 225, up 2%, was the highest gainer among them.  (Arundathi A R)

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Equity Alert: Asian markets mixed; crude oil price hike stokes inflation fear

 

 

MUMBAI--0801 IST--Asian indices opened mixed Tuesday amid the rise in crude oil prices due to uncertainty regarding the reopening of the Strait of Hormuz. Brent crude oil October futures rose to an almost two-week high of $88.09 per barrel Tuesday. Sentiment in the region was also affected by the outlook for global inflation due to rising oil prices. Japan's Nikkei 225 rose more than 2% and led the gains in the region. The broader market Topix was up around 1%. South Korea's Kospi and Singapore's FTSE Strait Times both rose around 1%. Hong Kong's Hang Seng and Mainland China's CSI 300 were in red. 

 

The rise in crude oil prices came after US President Donald Trump Monday responded to Iran's conditions for a peace deal with his own demands, CNBC reported. Trump demanded Iran should pay compensation for people killed in wars, attacks, and protests, in a rhetorical escalation likely to complicate efforts to reopen the crucial waterway, the report said.

 

Meanwhile, Kospi heavyweight Samsung Electronics rose more than 3%, but SK Hynix fell 1%. In Japan, semiconductor maker Disco Corp. rose around 8%, Advantest rose more than 6%, and Tokyo Electron rose more than 4%. In Hong Kong, shares of heavyweights Alibaba rose around 1% but those of Baidu fell around 2%. Meanwhile, in Australia, shares of BHP Group rose around 1%. Shares of Commonwealth Bank of Australia and Westpac Banking Corp. traded flat and those of National Australia Bank fell slightly. 

 

Following are the levels of key indices in the region at 0755 IST:

 

Index	Level	Change in %
Nikkei 225 Day	66970.22	2.1
TOPIX FIRST SECTION	4100.61	0.6
S&P/ASX 200 Index	9247.10	0.2
KOSPI Index	6351.71	0.8
Hang Seng Index	25909.93	(-)0.1
CSI 300 Index	4685.98	(-)0.3
FTSE Singapore Strait Times	5766.90	1.2

 

(Deesha Jadhav)

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Equity Alert: US indices close lower; tech selloff, West Asia concerns weigh

 

MUMBAI--0710 IST--Major US indices closed lower Monday owing to a selloff in major technology stocks and on renewed concerns related to the war in West Asia. The technology-heavy Nasdaq Composite closed lower while the S&P 500 and the Dow Jones Industrial Average also closed slightly lower. 

 

Iran reportedly said it is closing in on a deal with Oman to reopen the Strait of Hormuz, CNBC reported. But Tehran has continued to resist direct negotiations with the US until several conditions are met. Iranian Foreign Minister Abbas Araghchi said Sunday there was "no possibility of restarting negotiations" as long as the US continues violating the June memorandum of understanding, without compensating for its "violations," Tasnim News Agency, a semi-official news outlet associated with the Islamic Revolutionary Guard Corps, reported.

 

Meanwhile, major technology players such as Intel, Nvidia, and Broadcom posted losses Monday. Shares of Intel Corp. closed more than 4% lower after the seller of computer chips announced it plans to raise $15 billion through a share sale, CNBC reported. Shares of semiconductor manufacturer Broadcom fell more than 1%, Apple fell 1.5%, and those of Nvidia fell nearly 3%.

 

There is an upside to Broadcom as its custom artificial chip business expands beyond Google, Meta, OpenAI, Anthropic, and Apple, while advanced packaging technology could significantly increase chip production, Vijay Rakesh, an analyst at Mizuho, told CNBC. "We see it best positioned in AI ASIC market at a significant discount and its pipeline expands with a wide technology moat," Rakesh said. 

 

The likelihood that the US Federal Reserve will raise interest rates at its September meeting has increased to 51.2% from 44.4% earlier, according to the CME Fedwatch tool. Earlier, expectations for a rate hike had fallen to 44.4% from 67.2% on the back of weaker-than-expected jobs data. 

 

Following were the closing levels of major US indices Monday:

 

Index	Level	Change in %
Dow Jones Industrial Average	53975.98	(-)0.1
NASDAQ Composite	26605.36	(-)0.3
S&P 500	7753.11	(-)0.1

 

(Deesha Jadhav)

 

US$1 = INR 95.40

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Himanshi Gupta

 

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.

All times are Indian Standard Time.

 

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