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Informist, Friday, Aug. 14, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Leap India lists on exchanges at 4% premium to issue price

 

MUMBAI--1205 IST--Shares of Leap India listed at a premium to the issue price on the National Stock Exchange and the BSE on Friday. The stock listed at INR 166 on both bourses, 4% higher than the issue price of INR 159 apiece. While the stock opened higher, it pared all gains and slipped into the red. The stock fell as much as almost 9% to an intraday low of INR 145. At 1159 IST, it was off lows and over 3% lower at INR 153.81 on the NSE with trading volumes of over 74 million.

 

Subsrciption to the company's initial public offer closed Tuesday, and it was subscribed over eight times, led by strong traction from qualified institutional buyers. The company received bids for 963.26 million shares, as against 114.99 million on offer.

 

Leap India provides on-demand asset pooling in India, with its service offering technology-enabled supply-chain solutions that suit customer requirements across industries. For the financial year 2025-26 (Apr-Mar), it had reported a consolidated net profit of INR 623.41 million on revenues of INR 7.30 billion.  (Ruchira Kagita)

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Equity Alert: Patanjali Foods shares down 2% ahead of June quarter earnings

MUMBAI--1040 IST--Shares of Patanjali Foods Ltd. were trading nearly 2% lower at INR 348.75 ahead of the company's June quarter earnings, due later in the day. The company is expected to report a significant on-year rise in its net profit for the June quarter, but it may fall sharply on a sequential basis. 

 

Systematix Shares and Stocks (India) Ltd. expects the company to report a net profit of INR 2.51 billion, up 39% on year from INR 1.80 billion in the year-ago quarter. The company's consolidated net sales are expected to rise sharply on year but fall sequentially. Systematix expects net sales to increase 15% on year to INR 100.74 billion from INR 87.66 billion in the year-ago quarter.

 

Patanjali reporterd a net profit of INR 5.24 billion on revenue of INR 111.56 billion in March quarter. 

 

Patanjali's increase in revenue will be driven by a sharp growth in the edible oils segment due to price hikes and in the biscuits segment, Systematix said. The food business is expected to report subdued growth, while the performance in the home and personal care segment is expected to remain stable, the brokerage added.

 

Systematix expects the company to report earnings before interest, tax, depreciation, and amortisation of INR 3.93 billion, up 18% on year. The brokerage expects the EBITDA margin to expand slightly on year to 3.9% from 3.7% in the year-ago quarter due to improvement in margins from the edible oils business.

 

Investors will closely watch the outlook on growth in foods, edible oils, and home and personal care segments. Elevated input costs are also a key point to watch.

 

The two brokerage reports on the company available with Informist have a "buy" recommendation on the stock with an average target price of INR 550 per share. The target price is 58% higher than the current market price.  (Devanshu Singla)

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Equity Alert: Indices open dn, extend loss for 4th day; Tata Motors PV dn 5%

 

MUMBAI--1010 IST--Domestic equity indices started the week's last trading session on a negative note, weighed down by the recent escalation in the West Asia war and the consequent rise in Brent crude oil prices. Brent crude oil for October delivery was at $86 a barrel compared with the previous day's high of $89 a barrel. The Nifty 50 index opened below the 24400-point level for the first time in two weeks.

 

At 0958 IST, the Nifty 50 was at 24339.40, down 56.45 points or 0.2%. The BSE Sensex was at 77831.43, down 248.53 points or 0.3%. All broader market indices were red, with small-cap indices largely flat to 0.2%. Mid-cap indices were also down marginally each. Barring the Nifty Consumer Durables and Nifty Private Bank, all sectoral indices were down. The Nifty Metal shed the most, down over 1%.

 

Tata Motors Passenger Vehicles was the worst-hit stock in the Nifty 50 index, down over 5%. Shares of the company declined after its June quarter consolidated net profit was down over 80% on year and missed the Street's estimate. Hindalco Industries was down almost 2% in the index. Max Healthcare Institute was down over 1%. The company's sales for the reporting quarter missed view despite posting healthy growth.

 

Apollo Hospitals Enterprise was the biggest gainer among Nifty 50 stocks, up nearly 3%. Shares rose after the company said it expected a 20% on-year growth in its hospital operations by 2026-27 (Apr-Mar).  (Arundathi A R)

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Equity Alert: Asian mkts open mixed amid gains in tech, losses in healthcare

 

MUMBAI--0805 IST--Asian markets opened mixed Friday with South Korea's Kospi leading the gains and rising more than 1%. The index extended its gains for the fifth session in a row. Japan's Nikkei 225 and the broader market Topix both rose around 1?ch. The gains in the region were supported by technology stocks which took cues from their counterparts in the US. Meanwhile, Hong Kong's Hang Seng fell around 1%, led by losses in the healthcare index which was down nearly 2%. Mainland China's CSI 300 fell slightly and Singapore's FTSE Strait Times was flat. 

 

Shares of Japanese technology companies such as Advantest, Kioxia Holdings, and Tokyo Electron posted gains. Shares of Advantest rose more than 3% and those of Kioxia Holdings rose 4%, while Tokyo Electron rose slightly. Kospi heavyweight SK Hynix was up around 4% and Samsung Electronics was up around 1%. Meanwhile, in Hong Kong, shares of pharmaceutical conglomerate Sino Biopharmaceutica were down 1%. Shares of manufacturer and seller of pharmaceutical products, CSPC Pharmaceutical, were down more than 1%. Drugmaker Jiangsu Hengrui Pharmaceuticals fell more than nearly 4%. 

 

In Australia, shares of BHP Group fell more than 3% and those of mining company Rio Tinto fell more than 2%. Commonwealth Bank of Australia fell around 1%. This dragged the S&P/ASX index around 1% lower. 

 

Following are the levels of key indices in the region at 0757 IST:

 

Index	Level	Change in %
Nikkei 225 Day	68905.04	0.9
TOPIX FIRST SECTION	4207.22	0.8
S&P/ASX 200 Index	9122.1	(-)0.7
KOSPI Index	6906.69	1.4
Hang Seng Index	25186.17	(-)0.8
CSI 300 Index	4655.66	(-)0.2
FTSE Singapore Strait Times	5718.44	(-)0.03

 

(Deesha Jadhav)

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Equity Alert: Indices seen in range; peace deal developments, oil prices eyed

 

MUMBAI--0835 IST--Domestic equity indices are seen moving in a range Friday amid higher oil prices and unresolved West Asia war. Analysts will closely track the peace deal developments and oil price movements. Brent crude oil for October delivery fell slightly to $86 a barrel from the previous day's high of $89 a barrel. Shares of Tata Motors Passenger Vehicles will be in focus as the company reported its June quarter results post-market hours Thursday.

 

At 0835 IST, the August futures contract of GIFT Nifty was marginally lower from Thursday at 24427. This was up over 31 points than the Nifty 50's previous close of 24395.85, suggesting a rangebound movement. "Nifty (50) in the previous trading session recovered after taking support at the 20-DMA (daily-moving average), placed at 24321," Sundar Kewat, technical and derivatives analyst at Ashika Institutional Equity Research, said. "The overall view remains positive as long as Nifty (50) sustains above the key support levels of the 20-DMA and the psychological level of 24000. Sustaining above these levels could lead the index towards the next resistance of 24600 in the coming sessions."

 

Tata Motors PV's consolidated bottom line for the June quarter fell sharply on year as continued underperformance by its UK-based subsidiary Jaguar Land Rover Automotive PLC outshone the strong performance of its domestic car business. The automaker's consolidated net profit for the June quarter was INR 7.75 billion, down 80% on year and 87% on quarter. Its consolidated revenues grew 9% on year but fell by the same quantum on quarter to INR 957.99 billion.

 

Major US indices settled higher Thursday with the Nasdaq Composite leading the gains and closing around 1% higher. Asian equity indices were mixed, with South Korea's KOSPI gaining the most.  (Arundathi A R)

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Equity Alert: US indices end up on gains in tech, communication sector

 

 

MUMBAI--0702 IST--Major US indices closed higher Thursday with the Nasdaq Composite leading the gains and closing around 1% higher. The S&P 500 ended at a record closing high, boosted by gains in Sandisk and other technology stocks. The S&P communications and technology sectoral indices outperformed Thursday. The communications sector index closed 1.6% higher and the technology index closed 1% higher. The Dow Jones Industrial Average closed slightly higher. 

 

Shares of memory chipmaker Sandisk ended nearly 14% higher. Another chipmaker, Micron Technology closed more than 4% higher. Shares of Microsoft and Apple closed around 1% higher each, while those of Nvidia closed slightly higher. Shares of Meta Platforms ended around 3% higher and those of Dell Technologies ended more than 2% higher.  

 

Strong earnings forecasts from companies such as Microsoft and Amazon have reduced investors' concerns regarding the massive spending on artificial intelligence data centres, Reuters reported. "The AI earnings-driven tech boom continues," Reuters quoted Jay Hatfield, chief executive officer of Infrastructure Capital Advisors in New York. "It's an earnings boom, not a bubble."

 

The cooler-than-expected inflation data lowered expectations of a rate hike. Traders are now pricing in a 65.2% chance that the US Federal Reserve will hold rates steady in September, up from 59.4% Thursday, according to CME FedWatch. 

 

Following were the closing levels of major US indices Thursday:

 

Index	Level	Change in %
Dow Jones Industrial Average	53879.99	0.1
NASDAQ Composite	26803.03	0.8
S&P 500	7798.99	0.7

 

(Deesha Jadhav)

 

US$1 = INR 95.42

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

 

Edited by Avishek Dutta

 

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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