PRE-MARKET INDIAN STOCKS NEWS: Bajaj Finance (BAF IS) Q2 profit rose 28.7% Y/Y; Hindustan Zinc (HZ IS) profit more than doubled and it cut its FY27 production cost forecast
The brief reports Q2 company results and outlooks alongside Indian trade and energy policy developments; Reuters coverage notes that the Russia-sanctions waiver's final decision had not yet been announced.
News detail
Bajaj Finance (BAF IS) - Co. Q2 (INR) consolidated net profit rose 28.7% Y/Y to 63.67bln (prev. 49.48bln), supported by strong loan growth, with AUM up 26% Y/Y. (Newswires) Hindustan Zinc (HZ IS) - Co. Q2 profit more than doubled Y/Y on higher metal prices; Co. cut its FY27 zinc production cost forecast to USD 825-850/t from USD 975-1,000/t. (Newswires) L&T Technology Services (LTTS IS) - Co. reported a jump in Q2 revenue and expects a robust H2 FY27 on improving order backlogs and several large deals. (Newswires) NMDC (NMDC IS) - Co. has put its planned foray into nickel on hold, partly due to global oversupply concerns in Indonesia, according to company officials. (Newswires) Other News Indian tax officials are investigating whether Pernod Ricard and Diageo wrongly classified some bulk Scotch imports to pay lower tariffs under the India-UK trade pact, according to industry sources. (Newswires) India has shelved a proposal to mandate coal imports to rebuild stockpiles at power plants, Bloomberg reported. (Newswires) US President Trump's waiver of Russia sanctions under the Graham Act eases energy concerns for India and may improve the chances of a US-India trade deal. (Newswires)
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