Rise in forex reserves, Godrej Consumer Rs 5 dividend, & more - Groww Digest
Friday, 07 August 2026
Markets closed lower than yesterday’s closing point. The difference between Nifty and Sensex was due to the closing auction system.
Private Bank stocks and consumer durable stocks fell the most today. Auto stocks and IT stocks rose the most.
Global markets: US markets fell on Thursday. Asian markets showed a mixed trend on Friday. Most European markets rose (as of 6 pm IST).
News
India’s forex reserves rose by $10.51 billion to $692.87 billion in the week that ended on 31 July.
Nine companies including Rediff.com India, Garuda Aerospace, and Playsimple Games Limited received Sebi approval for their proposed IPO.
RBI proposed restrictions on NBFCs, barring them from offering revolving credit facilities and only offering term loans. This will not be applicable to NBFCs authorised to issue credit cards.
SEBI streamlined inspection of market intermediaries by mandating joint inspections by stock exchanges and depositories.
SEBI reiterated that the introduction of the closing auction system ensures enhanced price discovery, minimizing volatility and achieving cross-market consistency in its annual report.
Stocks Updates
Airtel: subsidiary Nxtra Data agreed to acquire up to 85% each in Rochak Systems Pvt Ltd and Rovision Tech Hub Pvt Ltd.
SBI: net profit rose 13.73% year-on-year to Rs 24,113 crore in the April-June quarter.
Titan: net profit rose 62.88% year-on-year to Rs 1,777 crore in the April-June quarter.
M&M: wholly owned subsidiary Mahindra Overseas Investment Company, along with Erkunt Traktor, divested its entire stake in Erkunt Sanayi Anonim Sirketi (Erkunt Foundry).
Coal India: was selected as the preferred bidder for the Gadadharpur Iron Ore Block in Odisha, which has estimated resources of 288 million tonnes. The mining lease carries an auction premium of 114.05%.
Hindalco: net profit rose 75.15% year-on-year to Rs 7,013 crore in the April-June quarter. It plans to expand capacity at its Kuppam unit by 10,000 tonnes per annum for Rs 768 crore by FY29. The US review of its AluChem acquisition has been delayed and is now expected to conclude by 2 Sept, subject to approval.
Britannia Industries: net profit rose 13.56% year-on-year to Rs 591.35 crore in the April-June quarter.
Lloyds Metals and Energy: allotted Rs 700 crore through secured NCDs via private placement at a coupon rate of 9.02%. The NCDs mature in August 2036.
GMR Airports: agreed to acquire up to 49% in TIM Goa Airport Advertising Pvt Ltd for up to Rs 16.59 crore. The company will operate advertising at Manohar International Airport, subject to approvals.
Godrej Consumer: net profit rose 11.51% year-on-year to Rs 504.52 crore in the April-June quarter. Interim dividend declared: Rs 5 per share, Record date: 13 August.
Lupin: net profit rose 16.08% year-on-year to Rs 1,415 crore in the April-June quarter.
JSW Energy: completed the acquisition of Maruti Clean Coal & Power Ltd for an enterprise value of Rs 1,410 crore. The company operates a 300 MW thermal power plant in Chhattisgarh, taking JSW Energy’s operating capacity to about 14.8 GW.
Word of the Day
Net Importer
It means that a country is importing more than it is exporting an item
A country may be exporting and importing the same item in different quantities.
When all imports are added, and all exports are subtracted from that number, we get the net import number.
In short, being a net importer of an item means we import more than we export that item.
6 Day Course
Theme: phases of stock markets
Day 5: Friday
The last phase is the bear phase.
It is also called the contraction or decline phase.
In this phase, some factor causes lots of stocks prices to fall significantly.
During such phases, the markets dip and pessimism spreads.
In a bid to prevent losses investors start selling their stocks.
This selling further worsens the fall making matters worse.
Institutional investors are also forced to sell in these periods as they come under pressure from their investors.
So many times, even if they would like to hold on to the stocks, they are forced to sell.
Emotionally, this phase is extremely difficult as watching investments turn red is not a good sight no matter how experienced an investor is.
This phase can be short or long — it is not easy to say how long it will last.
This only makes matters worse for investors.
After this phase, the next phase is the recovery phase. We already spoke about that phase in Tuesday’s course.
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Featured Question
Q. “If an individual investing Rs.20,000/- pm wef 1-1-2020for morethan 10 years (Invested Rs.24.00Lacs) in a MF company and later withdraws Rs.15,000/- pm (total value suppose 31 Lacs+) what will be effect on LTCG. Since he is withdrawing only his principle amount not LTCG?”
There is no concept of principal and interest in case of mutual fund investments.
Think of it like buying a house.
Say you bought a house worth Rs 1 crore in 2022.
You sold it for Rs 1.3 crore in 2025. So, in three years, you gained Rs 30 lakh.
You will have to pay a tax on this Rs 30 lakh profit.
Likewise, whenever you invest in a mutual fund, you are buying mutual fund units.
Think of buying many tiny homes.
The price of each unit is called its NAV.
So, if a mutual fund’s NAV is Rs 10, and you invest Rs 1000, you are buying 100 units of that mutual fund.
Say 5 years later, this investment has become Rs 1800.
So what happened is that each unit’s price went up from Rs 10 to Rs 18.
When you withdraw money from a mutual fund, you are selling these units.
When you withdraw a small portion of that entire investment, you are selling a small number of units.
So the tax applies accordingly.
Tax is calculated based on each unit and its price increase.
In case of SIPs, each month’s investment is bought at different NAV values. So their individual tax will be different.
You don’t have to calculate this amount yourself.
Most mutual fund platforms will automatically calculate and tell you your total capital gains per financial year.
You can simply pay a tax based on this capital gain.
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