PRE-MARKET INDIAN STOCKS NEWS: RBI unveiled measures to support the rupee, including a special USD window for state-run oil companies Indian Oil, Hindustan Petroleum and Bharat Petroleum, redirecting their dollar purchases away from the spot market
The October 12 brief reports RBI rupee-support and FX-hedging measures, company results and operating updates, and PTC Industries’ completed INR 18 billion placement.
News detail
Adani Green Energy (ADANIGREEN IS) - Co. H1 FY27 operational capacity rose 24% Y/Y to 20,763MW, while energy sales rose 32% Y/Y to 25,747mln units, supported by capacity additions. (Economic Times) Avenue Supermarts (DMART IS) - Co. Q2 FY27 (INR) net rose 8.5% Y/Y to 7.44bln, EBITDA rose 15% Y/Y to 13.94bln, rev. rose 17.8% Y/Y to 196.44bln, while EBITDA margin narrowed to 7.0% (prev. 7.3% Y/Y), below expectations. (Economic Times) Canara HSBC Life Insurance - Co. (INR) net rose 5.5% Y/Y to 431mln, while net premiums earned rose 13% Y/Y to 25.53bln. (Economic Times) Canara Robeco Asset Management Company (CRAMC IS) - Co. (INR) net rose 21.5% Y/Y to 592mln, rev. rose 18.6% Y/Y to 1.28bln, while AUM fell 1% Y/Y to INR 1.16trln and quarterly average AUM rose 4% Y/Y to INR 1.24trln. (Economic Times) PTC Industries (PTCIL IS) - Co. board approved the closure of its qualified institutional placement, raising INR 18bln. (Economic Times) Other News RBI unveiled measures to support the rupee, including a special USD window for state-run oil companies Indian Oil, Hindustan Petroleum and Bharat Petroleum from Monday, redirecting their dollar purchases away from the spot market and tightening FX hedging rules as the currency trades near record lows, having depreciated nearly 7% this year. The measures are expected to raise hedging costs and slow demand for protection against further rupee weakness. (Newswires)
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