Stocks

Coforge is set to announce its FY2024 Q1 results, with several brokerages projecting net profit to jump 80–90% year on year, revenue to rise about 25%, and a sharp expansion in EBIT margin. Investors are watching progress on the Encore acquisition integration, performance across verticals, and the trend in new order wins. The stock is widely held by institutions, with mutual funds owning 30% and FPIs holding 24.31%. Shares were up 1.15% ahead of the results.

Bharat Electronics Ltd (BEL, BE) is due to report its Q1FY27 results. The market is pricing in net profit of Rs 1,086 crore, revenue of Rs 5,108 crore and Ebitda of Rs 1,421 crore, with a consensus target price of Rs 490 implying 21% upside. The defence PSU has an order backlog of Rs 74,000 crore and could see the Rs 30,000 crore QRSAM project materialise in the near term. The earnings release is viewed as a clear catalyst that could drive a short-term re-rating in BE shares.

South Korea’s KOSPI fell 0.76% on Monday after Samsung Electronics and SK Hynix declined ahead of their second-quarter earnings releases, as investors questioned whether demand for AI chips would materialise. Naver jumped 8.67% after Nvidia bought $1 billion worth of shares in the company as part of an investment partnership. Foreign investors net sold 1.5 trillion won of stocks, while the won weakened 0.44% against the dollar. South Korea and the United States also unveiled $950 billion in new AI initiatives involving Samsung, SK Group and U.S. technology firms.

Union Bank of the Philippines (UnionBank) reported first-half 2026 net income of ₱6.9 billion, up 113% year on year, with net revenues rising 9% to ₱43.1 billion. Net interest margin improved to 6.9%, while credit cards and personal loans helped drive an 18% increase in consumer lending. Improving asset quality lowered credit costs by 19%.

Northern Star Resources shares climbed 4% to A$20.69 after U.S. activist investor Elliott disclosed a long position via cash-settled equity swaps covering 76,194,999 shares, worth more than A$1.5 billion at the current price. Elliott has been pressing for board renewal and a broader strategic review, adding to focus on the miner’s outlook. The company reported FY26 gold sold of 1.543 million ounces, below the lower end of its revised guidance. Gold futures rose about 0.5% to US$4,070.80 an ounce, supporting sentiment across the sector.

NBCC (India) said it has secured two new work orders totaling ₹108.85 crore, including ₹20.42 crore from the National Horticulture Board and ₹88.43 crore from the Odisha government around July 27. Earlier this month, the company had also received work orders worth Rs 878.32 crore, taking its new orders for the month to over Rs 98 billion. NBCC shares last closed at Rs 93.85, and the stock is 25.52 percent below its 52week high, with a market capitalisation of Rs 25,339.50 crore. The new orders are expected to improve revenue visibility over the next 12–18 months.

Tata Consumer Products reported Q1 FY2024 results with net profit rising 27.8% year on year to ₹427 crore, while revenue increased 11.9% to ₹5,348.8 crore. EBITDA grew 19.9% to ₹724 crore and the EBITDA margin widened to 13.5%. Brokerages largely maintained positive views: Elara Capital reiterated an “Accumulate” rating while slightly cutting its target price, and Motilal Oswal kept a “Buy” rating with a ₹1,500 target.

South Korea’s biopharmaceutical company Celltrion reported 2024 second-quarter revenue of 1.39 trillion won and operating profit of 451.8 billion won, up 45% and 86.3% year over year. Its operating margin rose to 32.4% as the sales mix shifted toward newly launched biosimilars and costs improved. New products accounted for 65% of biosimilar sales, supported by continued optimization of the cost structure. The company raised its full-year outlook, saying revenue and operating profit are expected to exceed its previously announced targets of 5.3 trillion won and 1.8 trillion won.

Baker Hughes reported record second-quarter orders totaling $10.5 billion, up 49% year over year, with Industrial & Energy Technology (IET) orders more than doubling to $7.1 billion. Remaining performance obligations climbed to a record $40.1 billion, including $37.1 billion tied to IET, and the company posted revenue of $6.74 billion with adjusted EBITDA of $1.23 billion. The company said it has secured LNG equipment awards from Venture Global, Cheniere Energy, Golar LNG and Nigeria LNG, and it completed its acquisition of Chart Industries to expand gas-processing capabilities.

Capricorn Metals (ASX: CMM) said its group gold ore reserves rose 33% to 5.24 million ounces and released an updated prefeasibility study for the Mt Gibson project. The study outlined a 19-year production profile averaging 190,000 ounces a year, with output of 260,000 ounces a year over the first four full years, and projected pretax free cash flow of $12 billion. The company also lifted its medium-term production guidance to 400,000 ounces per year and set a longer-term target of 500,000 ounces per year. The update pushed CMM shares up 15.1% on Monday, outperforming the ASX 200.