PRE-MARKET INDIAN STOCKS NEWS: Larsen & Toubro (LT IS) secured orders worth INR 100bln-150bln in its metals and minerals business
Indian stocks show mixed but generally strong Q1 performance, highlighted by significant order wins for L&T and expansion plans for Bajaj Auto, despite rising input costs at Maruti Suzuki.
News detail
Adani Energy Solutions (ADANIENS IS) - Co. Q1 (INR) net rose 124% Y/Y to INR 11.49bln, while rev. rose 42% Y/Y to INR 97.11bln. (ET)Adani Total Gas (ATGL IS) - Co. Q1 (INR) net fell 14% Y/Y to INR 1.42bln, while rev. rose 27% Y/Y to INR 19.07bln. (ET)Bandhan Bank (BANDHAN IS) - Co. Q1 (INR) net rose 35% Y/Y to INR 5.02bln. (ET)Indian Hotels (IH IS) - Co. Q1 (INR) net rose 18.7% Y/Y to INR 3.91bln, while rev. rose 14.6% Y/Y to INR 23.39bln. (ET)Maruti Suzuki (MSIL IS) - Co. will raise prices by up to INR 30k across models from August 2026 due to sustained increases in input costs. (ET)Punjab National Bank (PNB IS) - Co.'s CEO said the bank plans to enter acquisition finance in Q3 FY27 after the RBI recently opened the window for lenders. (ET)Aditya Birla Capital (ABCAP IS) - Co. invested INR 1.24bln via a rights issue in associate Aditya Birla Health Insurance Company. (Moneycontrol)Aurobindo Pharma (ARBP IS) - Co.'s subsidiary CuraTeQ Biologics received ANVISA approval for its biosimilars manufacturing facility in Hyderabad. (Moneycontrol)Bajaj Auto (BJAUT IS) - Co. plans to expand production capacity by 25% amid rising export and EV demand. (Moneycontrol)Larsen & Toubro (LT IS) - Co. secured orders worth INR 100-150bln in its metals and minerals business. (Moneycontrol)
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