India's exports hit record high, Tata Capital's profits up 56%, & more - Groww Digest

Tuesday, 28 July 2026

Jul 28, 2026

Markets closed slightly lower than yesterday’s closing point.

IT stocks and realty stocks rose the most today. FMCG stocks and chemical stocks fell the most.

Global markets: US markets closed mixed on Monday. Most Asian markets fell on Tuesday. European markets showed a mixed trend (as of 6 pm IST).

News

India’s Industrial Output rose 7.3% in June (vs 5.1% in May). This is the fastest pace of growth since July 2024. Manufacturing output increased 7.8% year-on-year in June (vs 5.2% in May).
India’s exports rose to the highest ever at $863.10 billion in FY25-26. Merchandise exports stood at $441.80 billion and services exports increased to $421.30 billion. FTA’s with UAE, UK and Australia were the core drivers of growth.
Regional Rural Banks reported the highest ever net profit of Rs 10,177 crore in FY25-26. Credit Deposit Ratio improved to 75.2% (vs 73.4% in FY25). Net NPA stood at 2.1% (vs 2% in FY25).
India launches its first 40-wagon, direct commercial container freight train to Nepal under the revised India-Nepal Rail Transit protocol.
Public Sector Banks’ net profit is at record high of Rs 1.98 lakh crore. Gross NPA was at a record low of 1.9% in FY25-26.

Stocks Updates

L&T: net profit rose 13.98% year-on-year to Rs 4,123 crore in the April-June quarter. The board approved the merger of wholly owned subsidiary L&T Power Development with the company, subject to approvals. It also signed an Ultra-Mega framework agreement worth over Rs 15,000 crore with TenneT for 6 offshore wind projects and future opportunities.
Hindalco: subsidiary, Novelis Inc, signed an agreement for a $500 million short-term unsecured term-loan facility.
Tata Capital: net profit rose 56.32% year-on-year to Rs 1,547.38 crore in the April-June quarter.
Cholamandalam Investment: net profit rose 45.56% year-on-year to Rs 1,656.22 crore in the April-June quarter. The board also approved raising up to Rs 55,000 crore through secured and/or unsecured NCDs on a private-placement basis, in one or more tranches.
Varun Beverages: net profit rose 15.47% year-on-year to Rs 1,520.80 crore in the April-June quarter. Dividend announced: Rs 0.50 per share, with 1 August as the record date.
Power Finance: subsidiary, PFC Consulting Limited, created a new company called Benchigere Transmission Limited. It will develop a 400 kV power transmission system in Tumakuru district, Karnataka.
Bank of Baroda: reported a possible cyber-security breach involving its business email. The bank does not expect it to have a major impact on its operations, finances or business continuity.
Tata Motors Passenger: operations at its Sanand plants and nearby supplier facilities were severely disrupted by flooding caused by heavy rainfall. The company expects normal operations to resume over the next few days.
Cipla: received US FDA approval for its generic version of Advair Diskus (used to treat asthma). The product’s US market is around $908 million.
Ambuja Cements: net profit fell 33.60% year-on-year to Rs 577 crore in the April-June quarter.

Indus Towers: net profit rose 0.52% year-on-year to Rs 1,745.8 crore in the April-June quarter.

Word of the Day

Floor Price

It is the minimum price at which a sale can occur.

It applies to all kinds of assets where the price is not fixed and can go up/down depending on the demand for it.

The floor price in case of IPOs is the minimum price a company is willing to accept for its shares (in the book building process).

Example: a family might want to auction their house to see just how high its price goes. So they can set a floor price (the minimum price at which they will sell) and accept bids for higher prices.

6 Day Course

Theme: bonds
Day 2: Tuesday

Now, let’s look at the key points to check in bonds.

Face value or principal: this is the amount the bond issuer is borrowing from the investor (you).

Coupon rate: it is the interest rate per annum that is being offered.

Tenure: it is the period after which the bond matures.

Maturity date: the date on which the bond matures.

Coupon frequency: this is the frequency at which the interest would be paid. Example: annually, quarterly, only at the time of maturity, etc.

Price: the price at which the bond is trading.

This is important to understand. Price is how much others are willing to pay to buy the bond from the current bond owner.

The face value, coupon rate, tenure, and coupon frequency are decided at the time of issuing the bond.

But the price changes in real time (like share price) based on supply and demand for a specific bond.

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Featured Question

Q. “In the company’s balance sheet fixed assets are shown (e.g building, machinery, etc.). So when the company makes any purchase of machinery/land, where it is shown in P&L statement, is it in expenses ?”

Machinery, land, building, etc are shown in the cashflow statement.

You will be able to see how the money was spent and in that list, you will be able to see money used for other such purchases.

The equipment/machinery/etc are depreciating assets. They show up in the P&L statement in the form of depreciation of the value of these items.

Land is not depreciating. So it never shows up in the P&L statement.