Airtel profits up 89%, Titan profits up 59%, FPIs net inflow after 3 months, & more - Groww Digest
Monday, 3 November 2025
Markets opened below Friday’s closing point.
Nifty 50 rose today and closed flat.
Realty stocks and PSU bank stocks rose the most today. Consumer durables stocks and IT stocks fell the most.
Global markets: US markets closed in the green on Friday. Asian markets and most European markets rose (as of 6 pm IST).
News
India’s manufacturing PMI rose to 59.2 in Oct (vs 57.7 in Sept). This means manufacturing activity increased more in Oct than in Sept.
Foreign portfolio investors (FPIs) recorded a net inflow of Rs 14,610 crore into equities in Oct, ending a 3-month streak of outflows.
India’s gross GST collection rose 4.6% year-on-year to Rs 1.96 lakh crore in Oct.
Lenskart IPO has been subscribed 2.02 times. Retail subscription: 3.33 times. IPO closes tomorrow (4 Nov).
Note: we will not be covering any news related to Groww IPO till the listing date (12 Nov) due to legal/conflict-of-interest reasons#
Stocks Updates
TVS Motor: invested Rs 171.51 crore to acquire 0.07% additional stake in its subsidiary TVS Credit Services, raising its shareholding to 80.76%.
Info Edge (India): approved an investment of Rs 100 crore in its wholly owned subsidiary, Redstart Labs, to fund capital needs and tech investment.
L&T: signed an MoU with US-based Holtec International to jointly develop heat transfer solutions for nuclear and thermal power plants globally.
Airtel: net profit rose 89% year-on-year to Rs 6,791 crore in the July-Sept quarter. ARPU rose 10% to Rs 256.
Titan: net profit rose 59% year-on-year to Rs 1,120 crore in the July-Sept quarter.
Power Grid: net profit fell 6% year-on-year to Rs 3,566 crore in the July-Sept quarter. Dividend declared: Rs 4.5 per share; record date: 10 Nov.
Ambuja Cements: net profit rose 268% year-on-year to Rs 1,766 crore in the July-Sept quarter.
Tata Consumer: net profit rose 11% year-on-year to Rs 404 crore in the July-Sept quarter.
Bharti Hexacom: net profit rose 66% year-on-year to Rs 421 crore in the July-Sept quarter.
Word of the Day
SPAC
It is a company created only to raise money and later buy or merge with a private company
It stands for Special Purpose Acquisition Company.
It has no business of its own.
A SPAC raises money from investors through an IPO, even before deciding which company to buy.
The funds are kept until the SPAC finds a company to buy/merge with, usually within 2 years.
After the merger, the private company automatically becomes publicly listed, skipping the traditional IPO process.
6 Day Course
Theme: credit interest cycles
Day 1: Monday
Many investors are aware of the effect interest rates have on the economy, and therefore on our investments.
At the same time, many investors are not aware of the numerous ways it affects them.
In this week’s course, we will discuss this topic.
The basic thing to understand about this is that interest rates are decided by the central banks of countries.
This interest rate ends up directly affecting all other interest rates — home loan rates, car loan, personal loan, business loan, credit card rates, etc.
Even fixed deposit (FD), recurring deposit, and savings bank account rates are directly linked to this interest rate.
In India, this rate is called repo rate. In the US, it’s called federal fund rate or US Fed rates.
We explored the question “What if you invested in every new company that entered the Nifty 50?”
Check out the full report here.
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