PRE-MARKET INDIAN STOCKS NEWS: Bharat Petroleum (BPCL IS) Q3 (INR) profit rose 88.9% Y/Y to 71.9bln, rev. rose 5.2% Y/Y to 1.19tln
Bharat Petroleum's Q3 profit surge of 88.9% year-on-year indicates strong operational performance, outpacing revenue growth, which rose 5.2%.
US ambassador to China Perdue says in Bloomberg TV interview that China and the US completed most agreements made in Busan, South Korea
South Korea's ruling party says it aims to pass special act on US trade deal by end of February, according to Yonhap Infomax
PRE-MARKET INDIAN STOCKS NEWS: Bharat Petroleum (BPCL IS) Q3 (INR) profit rose 88.9% Y/Y to 71.9bln, rev. rose 5.2% Y/Y to 1.19tln
[MARKET ANALYSIS] Asia-Pac trades with cautious gains following the rebound on Wall St and Trump's latest tariff salvo
South Korean ruling party official says bills to enact US investment have been introduced and will soon be reviewed
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Axis Bank (AXSB IS) - Co. Q3 (INR) profit rose 3% Y/Y to 64.9bln, NII rose 5% Y/Y to 142.9bln. (Moneycontrol)
Bharat Petroleum (BPCL IS) - Co. Q3 (INR) profit rose 88.9% Y/Y to 71.9bln, rev. rose 5.2% Y/Y to 1.19tln. (Moneycontrol)
IndusInd Bank (IIB IS) - Co. Q3 (INR) profit fell 88.5% Y/Y to 1.6bln, NII fell 12.7% Y/Y to 45.6bln. (Moneycontrol)
JSW Energy (JSW IS) - Co. Q3 (INR) profit rose 150% Y/Y to 4.2bln, rev. rose 67.4% Y/Y to 50.8bln. (Moneycontrol)
Kotak Mahindra Bank (KMB IS) - Co. Q3 (INR) profit rose 4.3% Y/Y to 34.5bln, NII rose 5.1% Y/Y to 75.6bln. (Moneycontrol)
UltraTech Cement (UTCEM IS) - Co. Q3 (INR) profit rose 26.8% Y/Y to 17.3bln, rev. rose 22.8% Y/Y to 218.3bln. (Moneycontrol)
Other News - EU and India are reportedly to explore possibilities for India's participation in European defence initiatives, while it was separately reported that India’s Trade Secretary said India and the EU have concluded talks over a trade agreement and that the deal is to be announced on Tuesday. (Newswires)
This significant profit increase could positively impact sentiment in the broader energy sector, potentially attracting investor interest in BPCL and similar stocks if this momentum is maintained or seen across peers in upcoming announcements.
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