IOC withholds GRM guidance as crude spike and Hormuz risk cloud refining margins Energy & Power
Indian Oil management has not given specific gross refining margin guidance, citing ongoing volatility from West Asia disruptions. S&P Global Ratings separately flagged that elevated crude prices and Strait of Hormuz risk could pressure IOC's fuel-marketing margins, with no near-term positive catalyst found to offset the pending BUY->HOLD call review; a refinery expansion equal to 25% of current capacity remains a longer-term, not immediate, offset.
Ahluwalia Contracts' Q1 profit falls to Rs 114M from Rs 511M YoY on labor costs, even as order book holds at 3.5 years' revenue Construction & Materials
Ahluwalia Contracts' net order book stands at Rs 20,663.52 crore, roughly 3.5 years of revenue visibility, but Q1 FY27 standalone net profit collapsed to Rs 114M from Rs 511M a year earlier as labor costs rose; management is reportedly negotiating client compensation, an unconfirmed positive. The profit drop weighs against the pending BUY->HOLD call review that order-book strength alone does not offset.
Hero MotoCorp's August dispatches miss estimates as exports fall 24.6% YoY; domestic and EV volumes still grow Automobiles
Hero MotoCorp shipped 568,398 units in August (+2.65% YoY) but missed the Street's 590,000-unit estimate; shares fell 7% as export dispatch dropped 24.6% YoY. Domestic dispatch still grew 4.4% YoY and EV (VIDA) volumes grew alongside a doubling of EV capacity to 30,000 units/month. Analysts flag the September-October festive season as the real test of momentum.
Brokerages flag a muted start to the festive season for retail as GST collections growth hits a 5-year low Retail & Consumer
Motilal Oswal expects a soft July-September (Q2) top line for retail -- 13.4% aggregate revenue growth, just 5% excluding Trent -- with weak same-store sales risking deleverage across premium and value fashion. Separately, India's GST collections growth hit a 5-year low in FY26 amid weak domestic demand. It is a demand-side headwind for a sector currently rated ACCUMULATE, though it reads as soft macro commentary rather than a single hard catalyst.
GE Power India wins Rs 550 crore Saudi order equal to 157% of a quarter's revenue, ending a three-quarter dry spell Capital Goods
GVPIL secured a confirmed Rs 550 crore order from Saudi Arabia's Dar Al Balad for boiler modification equipment and technical advisory, to be executed over roughly 2.5 years. The order equals 157% of average quarterly revenue and follows three consecutive quarters with no disclosed new orders -- a meaningful positive counter to the pending BUY->HOLD call review.