GST collection at Rs 2.11 lakh cr, UltraTech's Rs 5,000 cr NCDs, & more - Groww Digest
Monday, 03 August 2026
Markets closed significantly higher than yesterday’s closing point. The introduction of the Close Auction System (CAS) led to the spike at the end of the day.
All sectors’ stocks rose today except for the media stocks. IT stocks and cement stocks rose the most.
Global markets: US markets rose on Friday. Asian markets traded mixed on Monday. European markets showed a mixed trend (as of 6 pm IST).
News
India’s gross GST collections rose 15.40% year-on-year to Rs 2.11 lakh crore in July 2026 compared to Rs 1.83 lakh crore a year ago.
India reached near-universal banking coverage with 99.92% of inhabited villages served by a banking outlet within a 5 km radius.
Coal production from captive and commercial mines rose 9.61% year-on-year in July 2026. Coal production for the month was 14.78 MT while dispatch was 17.49 MT.
Juniper Green Energy’s IPO was subscribed 7.97 times on day 3. Retail subscription: 0.93 times. The IPO closed for subscription.
Stocks Updates
Reliance: step-down subsidiary Radisys Cayman Ltd merged with its holding company, Radisys International LLC, effective from 31 July.
HCLTech: completed the acquisition of Guardian India Operations Pvt Ltd and Hewlett Packard Enterprise’s Telco Solutions Business.
ITC: completed the acquisition of the Century Pulp and Paper business of Aditya Birla Real Estate Ltd, along with its assets, liabilities, contracts and employees, on a slump-sale basis.
UltraTech Cement: allotted unsecured NCDs worth Rs 5,000 crore on private placement basis at coupon rates of 7.22% to 7.25%.
JSW Steel: merger of wholly owned subsidiaries Amba River Coke, Monnet Cement and JSW Retail and Distribution with the company became effective from 1 August.
Divi’s Labs: net profit rose 65.50% year-on-year to Rs 902 crore in the April-June quarter.
Varun Beverages: subsidiary VBL Industries (Kenya) Ltd completed the $32 million acquisition of the value-added dairy beverages, juices and packaged drinking-water business of Devyani Food Industries (Kenya) Ltd.
PFC: subsidiary PFC Consulting Ltd transferred Ananthpuram Transmission Ltd to Apraava Energy Pvt Ltd for Rs 19.62 crore and Krishnagiri REZ Transmission Ltd to Power Grid for Rs 19.82 crore.
Tata Power: electricity appeals body, APTEL, asked the Maharashtra Electricity Regulatory Commission (MERC) to reconsider its decision rejecting Tata Power’s tax-related claims worth about Rs 268 crore. The final decision is still pending.
Zydus Lifesciences: received an Establishment Inspection Report from the USFDA for its injectable facility at Zydus Biotech Park, Ahmedabad, with Voluntary Action Indicated classification.
United Spirits: filed a petition in the Bombay High Court challenging an FSSAI order related to the labelling of a product manufactured at its Baramati plant.
DLF: net profit rose 4.09% year-on-year to Rs 793.90 crore in the April-June quarter.
Word of the Day
XIRR
It is a way to measure returns when there are multiple instances of investments and withdrawal.
XIRR stands for Extended Internal Rate of Return.
Most other kinds of measurements of returns (CAGR, absolute returns, etc) do not account for multiple investments and withdrawals.
XIRR tells us how investments have performed after accounting for multiple investments and withdrawals.
One example where it is useful is in the case of SIP where new money gets invested every month.
6 Day Course
Theme: phases of stock markets
Day 1: Monday
There are many different ways of classifying the phases of the markets.
In this week’s course, we will discuss one of the most commonly spoken about set of phases.
Something to keep a note of is that the market never has phases that are distinct or absolutely clear. There is no formula to determine this with ease.
The phases also do not follow a fixed duration. Which means, a phase can be much longer than the one before or after it.
Yet another thing to note about these phases is that they are not consistent. One phase might be having many smaller periods of ups and downs.
This is why phases tend to get described more clearly after they are over, not during the phase itself.
The phases are: consolidation, bull run, plateauing, and bear run. We’ll get into each phase tomorrow.
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We explored the question “What if your portfolio was up, but not as much as the Nifty 50?”
Check out the full report here.
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