Indian equity markets are indicated to open lower on Tuesday, with GIFT Nifty trading at 24,192.50 around 7:30 am, down 33.5 points or 0.14 percent.
The market will remain focused on the latest corporate developments, auto sales, manufacturing and services PMI data, US employment figures, crude oil prices and global geopolitical developments following the release of Q1 FY27 GDP data.
Milky Mist Dairy Food reported a sharp increase in quarterly profit, which rose nearly 10 times to ₹64.7 crore from ₹6.5 crore in the corresponding period last year. Revenue increased 43.6 percent to ₹973.4 crore from ₹678.1 crore.
LEAP India reported a 30.3 percent increase in profit to ₹24.7 crore from ₹19 crore a year earlier. Revenue rose 19.1 percent to ₹203.4 crore from ₹170.8 crore.
Packaging company EPL could see a stake sale. Promoter Epsilon Bidco, an entity owned by Blackstone, may sell up to 26.38 percent stake in EPL. The proposed block deal is valued at around ₹1,985 crore, with an offer price of ₹235 per share.
AI cloud infrastructure company E2E Networks has signed a binding term sheet with an Indian sovereign AI company for NVIDIA Blackwell Cloud GPU and related services. The estimated value of the agreement is around ₹1,000 crore, with the arrangement expected to continue until June 2029.
Tribhovandas Bhimji Zaveri (TBZ) is also in focus. GRT Jewellers India has entered into a share purchase agreement with the promoters of TBZ to acquire their 74.12 percent stake for up to around ₹1,033.71 crore. It also plans to make an open offer for an additional stake of around 26 percent.
Infrastructure company NCC received three orders for its building division in August, with a combined value of ₹430.19 crore.
Happiest Minds Technologies is set to see a proposed stake sale. Promoter Ashok Soota and Ashok Soota Medical Research LLP have entered into an agreement with ITC Infotech for the sale of 3.36 crore equity shares, representing a 22.106 percent stake in the company, valued at approximately ₹1,329.7 crore.
Brigade Enterprises has announced its entry into the Coimbatore real estate market. The company will develop a residential project across around 5.4 acres under a Joint Development Agreement with the landowner. The project has an estimated Gross Development Value (GDV) of around ₹600 crore.
Pharmaceutical company Cipla is also in focus. Sino Biopharmaceutical subsidiary Chia Tai Tianqing Pharmaceutical Group (CTTQ) has entered into an exclusive licensing and supply agreement with Cipla for TQB2102, or rollditamig duderxtecan. The drug is a HER2 bispecific antibody-drug conjugate (ADC).
NLC India subsidiary NLC India Renewables has formed a joint venture company named NIRL OREDA Renewables with OREDA. The new company will develop green energy-related power plants. Both parties hold a 51:49 stake in the joint venture.
The board of PVR INOX has approved a ₹300 crore share buyback proposal. The company will buy back around 20.69 lakh equity shares at ₹1,450 per share.
Kotak Mahindra Bank is also in focus amid a leadership transition. CEO Ashok Vaswani's term is due to end next year. The bank has sent the names of two internal candidates, Executive Director Anup Saha and Paritosh Kashyap, to the RBI for approval for the position.
