Markets traded on a subdued note on Friday and ended lower amid mixed global cues and rising crude oil prices. Technically, analysts say the recent dip in the Nifty has not altered its overall bullish structure, and continue to maintain a positive outlook as long as the index holds above the crucial 24,350 support level. However, persistent volatility in crude oil prices could keep the index in a consolidation phase in the near term.
In today's trade, shares of Titan, SBI, Ola Electric, Astra Microwave, Hindalco among others will be in focus due to various news developments and first quarter results.
Titan
Consumer discretionary major Titan on Friday reported 63% year-on-year (YoY) growth in its consolidated net profit at Rs 1,777 crore in the first quarter, compared with Rs 1,091 crore in the last year quarter. Total income in the reporting period rose 40% YoY to Rs 20,753 crore.
SBI
India's largest public lender State Bank of India (SBI) reported 10% year-on-year (YoY) growth in its standalone net profit at Rs 21,121 crore in the first quarter. The profit beat the Street estimate of Rs 19,052 crore. It was Rs 19,160 crore in the last year quarter.
Ola Electric
Ola Electric Mobility reported a narrower loss for the June quarter, as deliveries nearly doubled from the previous quarter and revenue recovered after a weak Q4. The electric two-wheeler maker posted a consolidated loss of Rs 336 crore in Q1, compared with a loss of Rs 428 crore in the same quarter last year and Rs 500 crore in Q4.
Hindalco Industries
Hindalco Industries on Friday reported a 75% year-on-year (YoY) rise in consolidated net profit to a record Rs 7,013 crore for the quarter ended June, helped by strong performance across its India aluminium and copper businesses and a recovery at subsidiary Novelis.
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Delhivery
Logistics major Delhivery reported a 65% year-on-year (YoY) decline in net profit to Rs 31.9 crore in the first quarter of financial year 2027, compared with Rs 91.1 crore reported in the year-ago period. The company's revenue from operations, however, rose 28% YoY to Rs 2,931 crore from Rs 2,294 crore posted in the corresponding quarter of the previous financial year.
Maruti Suzuki
The country’s largest carmaker Maruti Suzuki expects passenger vehicle sales in the local market to grow to 6.1-6.3 million units per annum over the next five years on back of a revival in demand for small cars and strong traction for sports utility vehicles, Chairman R C Bhargava said.
Hyundai Motor India
Hyundai Motor India expects a strong recovery of its exports volumes from the second quarter of the ongoing fiscal year on the back of continued robust demand and a healthy order backlog across key markets, according to its Managing Director and CEO Tarun Garg.
Amara Raja Energy, Astra Microwave, Bharat Forge, Bosch
Shares of Amara Raja Energy, Astra Microwave, Bharat Forge and Bosch will be in focus as the companies will announce their first quarter results.
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