IHCL to merge Oriental Hotels into itself in an all-stock scheme Hospitality & Tourism
IHCL announced on Aug 24 a Scheme of Arrangement to merge Oriental Hotels into itself (25 IHCL shares for every 117 OHL shares), consolidating group-owned assets like Taj Coromandel and Taj Malabar under one roof. Completion is expected only in H2 FY2028, so OHL shareholders' near-term outcome now tracks the merger's execution and terms rather than the hotel business's standalone performance — directly relevant to Oriental Hotels' pending BUY->QUALITY-WAIT call review.
ASK Automotive posts 11th straight strong quarter, confirms new South India plant Automobiles
ASK Automotive's Q1 FY27 revenue rose 52% YoY and PAT 29%, extending an 11-quarter growth streak. New orders from an existing customer require an additional South India plant operational before March 2027, and the company carries zero promoter pledging. This is clean evidence against the pending BUY->QUALITY-WAIT downgrade the desk is reviewing.
CEAT's Q1 profit nearly wiped out by forex and raw-material costs despite 22% revenue growth Automobiles
CEAT's Q1 FY27 revenue grew 22% YoY to ₹4,318 crore, but PAT collapsed 96% to just ₹4 crore, hit by a roughly ₹50 crore forex loss at an overseas subsidiary and elevated raw-material costs management expects to persist into Q2. The company is raising prices in phases and pressed ahead with a further ₹1,205 crore two-wheeler capacity expansion — a similar raw-material margin squeeze shows up in Sharda Motor's print this session, suggesting a sector-wide, not company-specific, cost headwind.
NATCO's headline Q1 numbers look ugly, but sources disagree on whether the base business actually grew Pharmaceuticals
One report puts NATCO's Q1 FY27 revenue down 43% YoY and PAT down 57%, while another describes normalized PAT up 34% and base-business growth of 18%, implying last year's comparison included a large one-off (likely Revlimid-related) that distorts the YoY read. Management guided 25% domestic volume growth for the year, raised its Adcock Ingram stake to 49%, and approved a ₹2,000 crore QIP — genuine growth signals, but the scale of the reported decline needs resolving before this can be read cleanly.