PRE-MARKET INDIAN STOCK NEWS: Tata Motors (TTMT IS) Q1 (INR) net 55.7bln (exp. 52.3bln), rev. 1.08tln (exp. 1.09tln)

Adani Enterprises (ADE IS) - Co. is to demerge its Food FMCG business. (Moneycontrol)

Adani Ports (ADSEZ IS) - Co. Q1 (INR) net rose 47% Y/Y to 31.1bln, rev. rose 11% Y/Y to 69.6bln. (Moneycontrol)

ITC (ITC IS) - Co. Q1 (INR) profit 49.2bln (exp. 51.6bln), rev. 182.2bln. (Newswires)

Maruti Suzuki (MSIL IS) - Co. July sales fell 4% Y/Y 175k units. (Newswires)

Nestle India (NEST IS) - Co. subscribed to 705.6mln equity shares of the JV with Dr Reddy’s (DRRD IS). (Newswires)

Tata Motors (TTMT IS) - Co. Q1 (INR) net 55.7bln (exp. 52.3bln), rev. 1.08tln (exp. 1.09tln), Co. announced demerger of commercial vehicles businesses from TML to TMLCV, Co. said global demand is likely to remain muted. (Newswires)

Tata Steel (TATA IS) - Co. expects domestic steel demand to pick up from October. (Newswires)

Zomato (ZOMATO IS) - Co. Q1 (INR) net increased 126.5 times to INR 2.5bln, rev. rose 74% Y/Y to 42.1bln. (Moneycontrol)

Other News - RBI may give NBFC’s access to public tech credit platforms for data flow. (Business Standard)

02 Aug 2024 - 04:42- Fixed IncomeResearch Sheet- Source: Newswires