PRE-MARKET INDIAN STOCKS NEWS: Tata Consultancy Services (TCS IS) Q2 (INR) net rose 7.6% Y/Y to 138.84bln, rev. rose 11.2% Y/Y to 731.88bln, declared a second interim dividend of INR 12/shr for FY27
The roundup reports TCS growth and a dividend, alongside company-specific orders, operating updates, an ITC block deal, and an unverified ADR-market claim.
News detail
Cochin Shipyard (COCHINSHIP IS) - Co. has received orders to build over 40 ships from the US, Germany, Norway and other countries, according to India's Shipping Minister. (Economic Times) IRB Infrastructure Developers (IRB IS) - Co. September toll revenue rose 24.1% Y/Y to INR 7.73bln. (Moneycontrol) ITC (ITC IS) - GQG Partners Emerging Markets Equity Fund sold 365.1mln shares in the Co. worth approximately INR 93.95bln at INR 257.35/shr through block deals, with Fidelity, ICICI Prudential Mutual Fund and SBI Mutual Fund among the buyers. (Economic Times) JSW Steel (JSTL IS) - Co. Q2 consolidated crude steel production rose 5% Y/Y to 7.27mln tonnes, while India operations production rose 5% Y/Y to 7.07mln tonnes. (Moneycontrol) KEC International (KECI IS) - Co. secured orders worth INR 10.3bln across transmission and distribution, renewables, and cables and conductors businesses, taking YTD order intake above INR 86bln. (Moneycontrol) Lupin (LPC IS) - Co. received US FDA approval for its Abbreviated New Drug Application for Phytonadione Injectable Emulsion USP, 1mg/0.5mL, in a single-dose prefilled syringe. (Moneycontrol) NCC (NJCC IS) - Co. received a Letter of Acceptance for an INR 12.86bln contract from Hyderabad Growth Corridor to construct Radial Road-2 from the Outer Ring Road near Budwel to Nacharam on NH-167N. (Moneycontrol) Tata Consultancy Services (TCS IS) - Co. Q2 (INR) net rose 7.6% Y/Y to 138.84bln, rev. rose 11.2% Y/Y to 731.88bln, declared a second interim dividend of INR 12/shr for FY27. (Moneycontrol) Waaree Renewable Technologies (WAAREERT IS) - Co. received a Letter of Acceptance from a PSU for turnkey EPC work on a 5MWp grid-connected solar PV project, including 10 years of operation and maintenance services. (Moneycontrol) Tech Infosys (INFO IS) and Wipro (WPRO IS) ADRs fell nearly 3% in US trading amid renewed concerns over the Indian IT sector following TCS earnings and a widening US crackdown on employment-based immigration programmes. (Economic Times)
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