Mankind Pharma, KFin and Sona BLW report today as Tata Steel pushes its results to November

The September-quarter results season moves into its busiest week with a modest Monday. Sixteen companies are scheduled to report on 26 October, led by the drugmaker Mankind Pharma, the registrar KFin Technologies and the auto parts maker Sona BLW Precision Forgings, before the big names arrive on Tuesday.

Also on Monday’s list are the housing lender Aavas Financiers, Five-Star Business Finance, Tamilnad Mercantile Bank, Dhanlaxmi Bank, Sumitomo Chemical India, Venus Remedies and the defence electronics maker Avantel. Results dates are those the companies have notified, and the numbers usually land after the close.

Mankind Pharma has brought its earnings call forward by an hour, to 5 pm, citing “unavoidable circumstances” in a filing on Thursday.

A late change from Tata Steel

One large name has dropped out of the week. Tata Steel told the exchanges on Saturday that its board meeting to approve the quarter’s results, set for Tuesday, 27 October, has been postponed to Saturday, 7 November, because of “unavoidable circumstances.” Its trading window for insiders, shut since 24 September, stays closed until 48 hours after the results are out.

That leaves Tuesday to Larsen & Toubro, Maruti Suzuki, Bajaj Auto, Cipla, ACC, Tata Capital, Indus Towers, Syngene International, Indoco Remedies, Transport Corporation of India and AWL Agri Business. L&T’s order book is the number most investors will look for as a read on capital spending. Hindustan Unilever, Adani Ports and Hero MotoCorp follow on Wednesday, and Asian Paints and Trent on Thursday.

Money markets and new listings

The Reserve Bank of India is due to hold a four-day variable rate repo auction on Monday, one of the tools it uses to lend short-term cash to banks. Jio Platforms finalises the allotment of its ₹30,213 crore issue on Monday and is due to list on Wednesday. EAAA India Alternatives opens its ₹1,200 crore IPO on Monday.

Five central banks in four days

The global calendar is crowded. The Reserve Bank of New Zealand goes first, early on Wednesday India time, and is widely expected to raise its rate to 3%. The Bank of Canada follows on Wednesday evening.

The US Federal Reserve announces its decision at 11:30 pm IST on Wednesday. Markets expect it to hold, after September’s rise, but price a December increase as likely. On Thursday the US publishes its first estimate of July to September growth, alongside September’s PCE price index, at 6 pm IST. The European Central Bank decides on Thursday at 6:45 pm IST and the Bank of Japan on Friday, both expected to hold.

The Reserve Bank of Australia meets the following Tuesday, with markets putting the chance of a rise at more than 60%. At home, the RBI publishes foreign exchange reserves for the week to 23 October on Friday.