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Informist, Thursday, Aug. 13, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Max Health up 1% ahead of Q1 results; PAT seen 28% higher YoY

 

MUMBAI--1202 IST--Shares of Max Healthcare Institute rose over 1% on the National Stock Exchange ahead of the company's earnings for the June quarter, due later in the day. 

 

Max Healthcare is expected to report a consolidated net profit of INR 3.95 billion, up over 28% on year, according to the average of estimates from 11 brokerages. Revenues are expected to rise 34% to INR 27.2 billion. Sequentially, its profit and revenue are seen rising around 15% and 27%, respectively. Multiple brokerages expect the company's average revenue per occupied bed to rise on a yearly basis. 

 

The hospital chain's earnings before interest, taxes, depreciation, and amortisation are estimated to rise over 16% on year for the reporting quarter to INR 6.88, as per the average of 10 estimates. The company's bed occupancy during the quarter and its average revenue per occupied bed will be key to watch.

 

At 1201 IST, shares of the company were trading 1.2% up at INR 1,020 on the NSE with trading volumes of over 591,000. This is lower than volumes of over 1.1 million witnessed until the same time Wednesday.  (Ruchira Kagita) 

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Equity Alert: Indices stay in the red; UltraTech down over 2%

 

MUMBAI--1115 IST--Domestic equity indices continued to remain in the red with the majority of Nifty 50 stocks falling. The Nifty 50 fell below the crucial level of 24400 points, which analysts expect will lead to a further drop in the index.

 

At 1115 IST, the Nifty 50 was at 24320.05 points, down 115.90 points, or 0.5%. The BSE Sensex was at 77703.81 points, down 262.54 points, or 0.3%. India VIX fell nearly 1% to 11.6250 points. Small-cap indices gained slightly in the broader market, while mid-cap indices were marginally down each.

 

The Nifty Oil & Gas index fell almost 1% among sectoral indices. Indices tracking metal and consumer durables sectors were also down 1?ch. The Nifty Realty, Nifty Media, and Nifty FMCG were the sole gainers among sectoral indices.

 

UltraTech Cement was the biggest laggard among the Nifty 50 stocks, down over 2%. Hindalco Industries and Grasim Industries were down around 2?ch. Tube Investments of India fell the most in the Nifty 200 index, down nearly 3%. Page Industries and Zydus Lifesciences were down over 2?ch.

 

In the Nifty 500 index, shares of Aditya Infotech hit 5% lower circuit at INR 3,704.20. Chennai Petroleum Corp. was down over 4% in the Nifty 500 index.  (Arundathi A R)

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Equity Alert: Tata Motors up; Q1 PAT beats view, analysts bullish on demand

 

MUMBAI--1025 IST--Shares of Tata Motors jumped 6% to their highest level in over five months of INR 485, after the company reported its earnings for the June quarter, wherein its net profit was above analysts' expectations. Brokerages are confident of demand for medium and heavy commercial vehicles to sustain in the medium term, but pressure on margin due to high input costs will be a key thing to monitor. 

 

Nomura upgraded the stock to "buy" from "neutral" and hiked its target price by almost 38% to INR 554 apiece. This target implies an over 21% upside from its closing price Wednesday. The company's earnings before interest, taxes, depreciation, and amortisation for the June quarter were 5-6% ahead of its own and consensus estimates, Nomura said. The company's margin is expected to improve further due to price hikes, it said. The company had reported an EBITDA of INR 23 billion for the quarter. "With a 2.5% price hike taken in July, we believe margins will improve from here on," according to Nomura. Tata Motors reported an EBITDA margin of 11.7% for the quarter ended June. 

 

Further, Nomura expects volumes of medium and heavy commercial vehicles in the second half of the financial year 2026-27 (Apr-Mar) to be 4.5% higher at over 230,000. Demand for light commercial vehicles is also strong, and the company is likely to benefit from its focus on electric vehicles and exports, the brokerage said in its report. The brokerage also raised its EBITDA estimates by 10-13% for FY27 and FY28, and it pegs the automaker's EBITDA margin at 12.8% and 13.9% this financial year and in FY28, respectively. The company's deal with IVECO is expected to be complete by November, and its EBIT margin for FY27 is seen at 2.8%. 

 

However, Tata Motors' EBITDA missed Emkay Global Financial Services estimates amid rising commodity costs. The 2.5% price hikes the company undertook in July should help offset the hit from inflationary costs, the brokerage said. Healthy demand for commercial vehicles and momentum in electric vehicles should also support margin growth, it added. Given these reasons, the brokerage kept its expectations for the commercial vehicle seller's earnings per share unchanged. Emkay Global maintained its "buy" call on the stock with an unchanged target price of INR 700. 

 

Elara Securities (India) raised its estimates for the company's earnings per share by 4% for FY27 to INR 17.5 and by 3% for FY28 to INR 19.5 on the back of better-than-expected volume growth in the June quarter. The brokerage also raised its target price to INR 508 from INR 423 while maintaining its "accumulate" stance. A "double-digit" growth in volumes of medium and heavy commercial vehicles is likely to continue in the September quarter, it said. 

 

Exports are expected to grow 77.5% in volumes in FY27 due to ramp-up of order deliveries in Indonesia and domestic volumes are seen rising 5% in the latter half of this fiscal year, JM Financial Institutional Securities said. The brokerage also raised its EBITDA guidance for FY27 by 30 basis points to 12.3%. The brokerage raised its target price to INR 535 from INR 475 and retained its "buy" call. "Multiple data points collectively signal continued demand momentum for the CV (commercial vehicle) segment," it said.  (Ruchira Kagita) 

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Equity Alert: Nifty 50 opens tad lower, below 24500 points; Hindalco down 2%

 

MUMBAI--0945 IST--The Nifty 50 index opened a tad lower Thursday and went below the 24500-point level at open for the second session. The BSE Sensex turned lower after opening slightly higher. Though crude oil prices fell slightly from the previous high of $90 per barrel, they are expected to continue weighing on the market sentiment.

 

At 0932 IST, the Nifty 50 index was at 24324.90, down 111.05 points or 0.5%. The Sensex was at 77742.03, down 224.32 points or 0.3%. Broader market indices were mixed during early trade. All small-cap indices were marginally up, while mid-cap indices fell marginally. Investors were less nervous on the expiry day of the Sensex's weekly derivatives contract. The India Volatility index was down marginally at 11.6775 points.

 

Barring the Nifty Media and Nifty Auto, all sectoral indices accounted for a loss in the early trade. The Nifty Metal fell the most, down nearly 1%. The Nifty Oil & Gas and Nifty Consumer Durables were also down nearly 1?ch.

 

Hindalco Industries was the worst-hit Nifty 50 stock, down over 2%. Grasim Industries and UltraTech Cement were down almost 2?ch. In the Nifty 200 index, National Aluminium Co. was the top drag, down 3%. Chennai Petroleum Corp. fell the most in the Nifty 500 index, down 5%.

 

Among gainers in the 50-stock index, Tata Motors Passenger Vehicles led the pack. Shares of the company gained over 2% ahead of its June quarter results, scheduled for later in the day. Tata Motors PV is expected to report a consolidated net profit of INR 12.54 billion for the June quarter, down over 51% on year. Its revenues for the quarter are expected to be INR 925.70 billion, up 6% on year.

 

In the Nifty 200 as well as Nifty 500 indices, Astral emerged as the top performer, up 7%. Shares of the company rose after its June quarter consolidated net profit came in line with analysts' expectations.  (Arundathi A R)

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Equity Alert: Indices may open dn, move in range; focus on oil price, Tata cos

 

MUMBAI--0825 IST--Domestic equity indices are likely to open a tad lower Thursday as suggested by the movement of the GIFT Nifty levels. The market sentiment was hurt due to the recent escalation of war in West Asia and the consequent rise in crude oil prices. Analysts see indices moving in a range on the expiry day of the Sensex's weekly derivatives contract and see the 24400-point level as a crucial mark, a fall below which will lead to further drop in the market.  
 

Brent crude oil for October delivery fell slightly to $88 a barrel from the previous day's high of $90 a barrel. At 0743 IST, the October futures contract of Brent crude oil was over 1% lower at $87.96 a barrel. It was almost 21% higher than the pre-war levels. Crude oil prices fell after gaining for the past six sessions. The October delivery of the commodity gained over 12% during this period.  

 

At 0806 IST, the August futures contract of GIFT Nifty was largely flat from Wednesday at 24424.50. This was down over 11 points from the Nifty 50's previous close of 24435.95, suggesting a lower opening. "Index could trade rangebound, expect stock specific momentum," Ruchit Jain, head of technical research at Motilal Oswal, said.

 

"Going forward, holding below 24400 spot levels could drag it (Nifty 50) towards 24130–24050 in the near term," Vipin Kumar, assistant vice president of research at Globe Capital Market, said. "Conversely, sustained trading above 24500 will strengthen the chances of further consolidation in the near term."

 

Shares of Tata group companies will continue to be under focus as Tata Sons Chairman Natarajan Chandrasekaran said he will not seek reappointment at the company's annual general meeting, scheduled to be held Tuesday, because of the lack of consensus in the board on his continuation. Tata group companies were the major drags on the Nifty 50 index Wednesday, with Tata Consultancy Services shedding 4%.

 

Shares of Tata Motors Passenger Vehicles and Max Healthcare Institute will be in focus as they will announce their June quarter results later in the day. Tata Motors PV is expected to report a consolidated net profit of INR 12.54 billion for the June quarter, down over 51% on year. Its revenues for the quarter are expected to be INR 925.70 billion, up 6% on year. Max Healthcare Institute is expected to report a consolidated net profit of INR 3.95 billion, up over 28% on year. The company's revenue from operations is seen up 34% on year at INR 27.2 billion.

 

Barring the Dow Jones Industrial Average, other major US indices settled higher Wednesday. Asian equity indices were mixed in early trade with South Korea's KOSPI gaining over 4%.  (Arundathi A R)

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Equity Alert: Most Asia mkts up, buying in tech stocks helps Kospi, Nikkei 

 

MUMBAI--802 IST--Asian indices opened on a mixed note with South Korea's benchmark Kospi and Japan's Nikkei 225 leading the gains. Australia's S&P/ASX 200, Hong Kong's Hang Seng, Indonesia's IDX Composite were lower. The rise in technology stocks in the US stock markets overnight likely supported the Kospi and the Nikkei 225.

 

Kospi was higher for the fourth session in a row. Heavyweights SK Hynix Inc and Samsung Electronics were up over 7% and 5%, respectively. Shares of companies involved in semiconductor equipment manufacturing such as HANMI Semiconductor Co. and Jusung Engineering were up 4%, Jusung Engineering and those of ISU Petasys Co. rose over 8%. 

 

The Nikkei was up around 1.5% and Topix was up 0.5%. Among the constituents of Japan's key 225-stock stock index, Advantest Corp. and Disco Corp. were up over 5% and Tokyo Electron almost 4%. Shares of computer memory chip manufacturer Kioxia Holdings Corp. rose as much as almost 10%. 

 

Following are the levels of key indices in the region at 0803 IST:

 

Index	Level	Change in %
Nikkei 225 Day	68601.73	1.60
TOPIX FIRST SECTION	4161.59	0.55
S&P/ASX 200 Index	9163.20	(-)0.50
KOSPI Index	6857.74	4.24
Hang Seng Index	25414.33	(-)0.10
CSI 300 Index	4722.0785	0.66
FTSE Singapore Strait Times	5695.28	(-)0.45

 

(Ruchira Kagita)

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Equity Alert: Nasdaq, S&P 500 close higher as tech stocks rebound

 

MUMBAI--0745 IST--US indices ended mixed with the Dow Jones Industrial Average falling for the third trading session in a row. The technology-heavy Nasdaq Composite and the broader market S&P 500 closed higher after ending the red for two straight session due to gains in stocks linked to artificial intelligence. 

 

On the sectoral front, eight of the 11 S&P 500 sector indices ended in the green. The S&P 500 Real Estate and the S&P 500 Information Technology performed the best and closed 1.07% and 106% higher, respectively. 

 

The US retail inflation rate dipped 3.4% on year for July, a tad lower than 3.5% for June. The index for energy increased 14.7% on an yearly basis and the gasoline index rose 24.6% over the same period. Core inflation, which excludes the volatile food and energy prices, rose 2.5% on year 0.2% on month. Inflation remains, however, remains above the Federal Reserve's 2% target. 

 

"Even though there's going to be another release before the September meeting, I think there's already enough here to take that September hike off the table," State Street economist Simona Mocuta was quoted as saying by The Wall Street Journal. The probability of rates being unchanged at the September policy stood at 59.9%, up from 51.6?rlier. 

 

Following were the closing levels of major US indices Wednesday:

 

Index	Level	Change in %
Dow Jones Industrial Average	53770.27	(-)0.04
NASDAQ Composite	26588.48	0.54
S&P 500	7748.50	0.26

 

(Ruchira Kagita)

 

US$1 = INR 95.40

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.

All times are Indian Standard Time.

 

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