PRE-MARKET INDIAN STOCKS NEWS: Reliance Industries (RIL IS) filed the red herring prospectus for subsidiary Jio Platforms' IPO, setting a price band of INR 1,065-1,119/shr
The roundup reported Jio Platforms’ IPO price band, mixed Q2 results, IDBI Bank restructuring approval, PNB’s September penalty, and Tata Technologies’ FY27 growth confidence.
News detail
Bajaj Consumer Care (BAJAJCON IS) - Co. Q2 (INR) net rose 67.1% Y/Y to 702mln, EBITDA rose 70.8% Y/Y to 820mln, rev. rose 25.7% Y/Y to 3.33bln. (Economic Times) HDB Financial Services (HDBFS IS) - Co. Q2 (INR) net rose 34.2% Y/Y to 7.802bln, net interest income rose 15.6% Y/Y to 25.337bln, interim dividend INR 2/shr. (Economic Times/Moneycontrol) ICICI Lombard General Insurance (ICICIGI IS) - Co. Q2 (INR) net rose 15.47% Y/Y to 9.464bln, net premium earned rose 17.7% Y/Y to 66.519bln. (Moneycontrol) IDBI Bank (IDBI IS) - India's Cabinet Committee on Economic Affairs approved the Co.'s strategic restructuring in a transaction valued at INR 528.78bln, with Fairfax Financial selected as the buyer and the government and LIC retaining a combined 34% stake. (Economic Times) Punjab National Bank (PNB IS) - Co. received RBI penalties totalling INR 859,750 in September for non-compliance with currency chest operational guidelines, describing the matter as operational in nature. (Economic Times) Reliance Industries (RIL IS) - Co. filed the red herring prospectus for subsidiary Jio Platforms' IPO, setting a price band of INR 1,065-1,119/shr ahead of what could be India's largest-ever listing. (Economic Times) Tata Technologies (TATATECH IS) - Co. Q2 (INR) net fell 5% Y/Y to 1.714bln, USD-denominated rev. rose 22% Y/Y on a constant-currency basis, services rev. rose 26% Y/Y; Co. remains confident of delivering strong double-digit growth for FY27. (Economic Times)
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