Markets may open mixed as earnings continue to drive stock-specific moves.
Positives:
HDFCLIFE
– Q2 Net Premium Income up 14% YoY, showing strong business momentum.
OBEROIRLTY
– Net Profit up 29% YoY, supported by robust housing demand.
KEI
– Strong Q2 as exports surge, aided by infra-led cable demand.
MRPL – Revenue up 31% YoY, driven by improved refining margins.
Adani Green Energy – H1 operational capacity up 49% YoY, reinforcing renewable dominance.
L&T Finance – PAT up 6% YoY, with steady loan growth and asset quality.
Hero MotoCorp – Enters Spanish market, expanding global presence.
Negatives:
Axis Bank – Q2 results miss estimates, except for stable NIMs.
Angel One – Weaker YoY numbers amid muted client additions.
IEX – Hit by SEBI action over insider trading, sentiment negative.
Delta Corp – PAT down 7% YoY, higher costs hurt profits.
HDB Financial – PAT down 2% YoY, retail growth moderates.
Outlook:
Positive earnings from HDFC Life, Oberoi Realty, and KEI may support midcap sentiment, while weak results from Axis Bank and Angel One could weigh on financials. Expect range-bound trade with stock-specific volatility as Q2 earnings season gathers pace.