PRE-MARKET INDIAN STOCKS NEWS: Earnings releases in focus
Indian stocks react to strong Q1 results from Man Industries and Manappuram Finance, L&T's INR 14bn asset sale, and key leadership shifts at Godrej Consumer and Bajaj Electricals.
News detail
Bajaj Electricals (BJE SP) - Co. appointed Krishnan Sundaram as Chief Growth & New Business Officer, effective August 11, 2026. (Economic Times) Godrej Consumer Products (GCPL IS) - Co. approved the appointment of Aasif Malbari as Managing Director and Chief Executive Officer, after which he will cease to serve as Chief Financial Officer. (Economic Times) Larsen & Toubro (LT IS) - Co. signed a Business Transfer Agreement with wholly owned subsidiary Vyoma.AI to transfer its Data Center and Cloud Services Business via a slump sale for INR 14bln, subject to closing adjustments. (Economic Times) Man Industries (India) (MAN IS) - Co. Q1 (INR) net rose more than 100% Y/Y to 610mln, EBITDA rose 92.6% Y/Y to 1.55bln, rev. rose 37.7% Y/Y to 10.65bln. (Economic Times) Manappuram Finance (MGFL IS) - Co. Q1 (INR) net rose to 5.85bln (prev. 1.38bln Y/Y). (Economic Times) NBCC (India) (NBCC IS) - Co. Q1 (INR) net rose 17.2% Y/Y to 1.55bln, rev. fell 6% Y/Y to 22.60bln. (Economic Times) Technicals Nifty 50 - Analysts said 24,400 has emerged as immediate support, with a decisive break below potentially opening the way towards 24,300. (Economic Times)
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