Foseco India Ltd. Share Price

Pre Market Analysis & Global Cues | 28 August, 2026

Global cues are positive this morning. US markets closed higher. Nasdaq gained around 1.5% and S&P was up 0.7%, mainly led by buying in tech stocks. At the same time, US 10Y yield has cooled to around 4.68%, which is supportive. Asian markets are mostly in green. Japan, Taiwan, China and Singapore are slightly positive, while Korea is a bit weak. Because of this, Gift Nifty is indicating around a 150-point gap-up, so the start looks strong. Crude has cooled a bit. Brent is around $88, after being near $92–94 earlier this week. That’s a positive, but still not very comfortable. The rupee is near 95.5 and continues to stay weak. One more thing to watch is bond yields in India. 10Y yield is around 6.89%, which can impact banks and rate-sensitive stocks. Also, HDFC Bank ADR was down around 3%, so Bank Nifty may not be as strong as global cues suggest. There will be good stock-specific action today. 1. Wipro is in focus after expanding its partnership with Google Cloud. 2. BEL may see interest after orders worth ₹730 Cr. 3. RailTel has a ₹38.6 Cr order, and ACME Solar after commissioning a 300 MW project. 4. Power names like Adani Power and BHEL may also stay active. On the weaker side: 1. HDFC Bank will be watched after weak ADR cues. 2. Apollo Tyres and Foseco India may see pressure due to stake sales. 3. Metal and cement stocks may remain slightly weak. In the primary market, ESDS Software IPO opens today. Event to watch: Industrial Production (YoY) data at 4 PM. Today's View: The start looks strong with positive global cues. The key will be whether Nifty can hold the gains after opening. Also watch how banking stocks behave, as they may not fully support the move. If support comes in, the market can try to move higher during the day.

Key stocks in focus amid major corporate developments

Several stocks are likely to remain in focus on August 27 following key corporate developments. Juniper Green Energy reported a strong Q1 performance, with consolidated profit rising 54.2% year-on-year to ₹33.5 crore, while revenue increased 81.2% to ₹291.2 crore.

Foseco India Fundamentals Overview

Foseco India Q3 FY26 – Revenue Strong, Earnings Mixed

Foseco India reported a solid revenue performance in the December 2025 quarter, supported by strong operating growth. However, net profitability and EPS reflected pressure compared to the previous year. • Sales: ↑ 37% YoY to ₹187 crore (vs ₹136 crore in Dec 2024) • EBIDT: ↑ 83% YoY to ₹41.9 crore (vs ₹22.9 crore) • Net Profit: ↑ 7% YoY to ₹15.2 crore (vs ₹19.6 crore*) • EPS: ↓ 45% YoY to ₹16.72 (vs ₹30.61) Net profit shows only marginal YoY growth, but absolute profit remains below last year’s December quarter, indicating margin normalization and possible higher costs or tax impact. At a price of ₹4,852, market cap ₹3,657 crore, and PE 42.1, Foseco India demonstrates strong operational momentum, though bottom-line volatility suggests near-term earnings sensitivity despite healthy demand conditions.

🚀 Foseco India Hits Record High on 75% Stake Acquisition in Morganite Crucible

Shares of Foseco India surged nearly 19% to an all-time high of Rs 6,680 on August 22 after the company announced a Rs 654 crore acquisition of Morganite Crucible (MCIL). The stock later pared gains but still closed 14% higher at Rs 6,380, marking a 30% rise in the last five days and 82% in the past six months. Foseco has entered into a share purchase agreement to acquire 42 lakh shares of MCIL, representing 75% of its equity, at Rs 1,557 per share. The deal will be financed through the issue of 11.51 lakh equity shares of Foseco India to MCIL promoters at Rs 5,674 per share. This transaction will also trigger a mandatory open offer to acquire an additional 25% stake in MCIL (up to 14 lakh shares) from public shareholders, at Rs 1,557.15 per share, aggregating Rs 218 crore. MCIL, engaged in manufacturing crucibles and foundry consumables, will strengthen Foseco and its parent Vesuvius Group’s presence in the non-ferrous metal segment. The company expects significant cost synergies and deeper exposure to the Indian market as part of its global growth strategy. Currently, Foseco India trades at a P/E ratio of over 59, reflecting strong investor optimism. #FosecoIndia #MorganiteCrucible #Acquisition #StockMarketIndia #MergersAndAcquisitions #MarketUpdate #FoundryBusiness #NiftyStocks

Stocks to Watch Today: Q1 Results - 30th July, 2025.

Larsen & Toubro (L&T) reported a 30% rise in consolidated profit at ₹3,617 crore, with revenue growing 16% to ₹63,679 crore. However, EBITDA margin slipped slightly to 9.9% from 10.2%. NTPC posted an 11% increase in profit at ₹6,108.5 crore, but revenue declined 3% to ₹47,065.4 crore. Dilip Buildcon saw a sharp 91.6% jump in profit to ₹229 crore, boosted by other income of ₹216.2 crore (vs ₹20.2 crore YoY), even as revenue declined 16.4% to ₹2,620.3 crore. Blue Dart Express posted a decline in profit to ₹48.8 crore from ₹53.4 crore, though revenue increased 7.4% to ₹1,441.9 crore. Star Health reported a profit of ₹262.5 crore, down 17.7% YoY. Operating profit fell 20.3% to ₹248.6 crore, underwriting profit dropped 48.9%, but net premium earned rose 11.9% to ₹3,938.3 crore. Novartis India posted a 7.3% profit rise to ₹27.6 crore, though revenue dipped 5.1% to ₹87.6 crore. Foseco India saw profit increase 16.4% to ₹21.5 crore and revenue rise 25.8% to ₹157.3 crore. GMR Airports widened its loss to ₹211.6 crore from ₹141.7 crore, but revenue surged 33.4% to ₹3,205.2 crore. Nilkamal reported a 16.4% decline in profit to ₹15.3 crore, while revenue rose 18.9% to ₹883.1 crore. GE Vernova T\&D India posted a 116.4% surge in profit to ₹291.2 crore and 38.8% revenue growth to ₹1,330.1 crore. IGI India recorded a 62.6% rise in profit to ₹126.5 crore and revenue growth of 15.7% to ₹300.9 crore. Triveni Engineering’s profit dropped sharply to ₹4.4 crore (–85.9%), though revenue increased 22.9% to ₹1,598.2 crore. Bank of India saw its profit rise 32.3% to ₹2,252.1 crore. Net interest income declined 3.3% to ₹6,068.1 crore. Provisions fell to ₹1,096 crore, while gross NPA improved to 2.92% and net NPA to 0.75%. Gallantt Ispat posted a 42.6% rise in profit to ₹173.8 crore, though revenue dipped 2.8% to ₹1,127.8 crore. Piramal Enterprises reported a 52.3% jump in profit to ₹276.4 crore, with revenue increasing 18.7% to ₹2,642.7 crore.