Stock Market Highlights: Nifty, Sensex Resume Weekly Gains As Earnings Gather Steam Over Weak Global Cues

• Nifty 50 ended over 1% higher, with Kotak Mahindra Bank and Tech Mahindra gaining nearly 4% each. Nifty Bank rose more than 1.6%, led by a gain of over 6.5% in Federal Bank.
• Broader markets underperformed, with the Nifty Midcap 150 and Nifty Smallcap 250 falling around 0.5% each. Nifty Pharma declined nearly 1.5%, while Nifty Metal extended losses for a third session.

• Indian equity benchmarks returned to weekly gains as corporate earnings took focus despite rising crude oil prices and weak global markets.
• Nifty 50 and Sensex gained 0.6% each for the week. On Friday, Nifty rose 1.09% or 261.55 points to 24,334.30, while Sensex climbed 1.25% or 964.58 points to 78,151.45.

• The Internet and Mobile Association of India launched the E-Commerce Council of India to represent the $120-billion digital commerce sector in policy discussions with the government.
• Amazon, Flipkart, Swiggy, Eternal, Zepto, Meesho, Uber and Rapido are among the initial members. The council will focus on e-commerce, digital trade, logistics, artificial intelligence and market access for small businesses.

• Kalyani Steels said it has resumed manufacturing operations at its Hospet facility in Karnataka, according to an exchange filing.
• The company disclosed the restart of operations through a regulatory filing.
• Manufacturing activities at the unit have resumed following the earlier interruption.

• Navkar Corp reported a Q1 net profit of Rs 12.3 crore, compared with Rs 2.4 crore in the year-ago period.
• Revenue rose 38% year-on-year to Rs 190.7 crore from Rs 138.5 crore.
• EBITDA increased 61% to Rs 33 crore from Rs 20.5 crore, while EBITDA margin expanded to 17.3% from 14.8% a year earlier.

• Tata Steel said it will announce its financial results for the first quarter on July 30, according to an exchange filing.
• The company disclosed the date for the board meeting at which the June quarter earnings will be considered and approved.
• Investors will track the company's performance for the quarter ended June 2026.

• Brigade Enterprises said its board has approved the withdrawal of the proposed preferential issue of warrants to members of the promoter group.
• The decision was taken at a board meeting and disclosed through an exchange filing.
• The company did not provide further details on the reasons for the withdrawal in the filing.

• United Breweries said it has completed a capacity expansion at its Nizam Brewery facility in Telangana, according to an exchange filing.
• The expansion increases the brewery's production capacity.
• The company disclosed the completion of the capacity addition through a regulatory filing.

• JSW Steel’s consolidated net profit stood at Rs 4,651 crore, above the estimate of Rs 3,070 crore. Revenue came in at Rs 47,364 crore against the estimate of Rs 45,100 crore.
• EBITDA rose 8.7% sequentially to Rs 9,383 crore, exceeding the estimate of Rs 8,322 crore. The EBITDA margin widened to 19.8% from 16.9% in the previous quarter.

Tata Steel will declare its financial results for the first quarter on July 30, according to an exchange filing.

• France’s CAC 40 fell 0.95%, while Germany’s DAX declined 0.93%.
• The UK’s FTSE 100 slipped 0.20%.

• Nifty 50 rose as much as 1.2% or 295 points to 24,367.30.
• Sensex gained as much as 1.4% or 1,095.68 points to 78,282.55.

• Japan’s Nikkei 225 fell 4.03%, while China’s Shanghai Composite declined 3.05%.
• Hong Kong’s Hang Seng dropped 1.78%, and Australia’s ASX 200 ended 0.50% lower.

• Zepto is reportedly seeking an IPO valuation below its peak valuation of $7 billion, as investors assess the company's cash burn and path to profitability, Bloomberg reported.
• Foreign investors are said to have indicated interest at a pre-money valuation of about $4.5 billion, while some domestic institutional investors are valuing the company between $3 billion and $3.5 billion.
• The quick-commerce firm is targeting a fundraise of up to $850 million through the IPO. Proceeds from the primary issue are planned to be used for expanding its dark store network, strengthening technology infrastructure and funding growth initiatives.
• The final valuation, issue size and launch timeline remain under discussion and could change.

 

• India's drug regulator, the Central Drugs Standard Control Organisation (CDSCO), has approved Novo Nordisk's Wegovy for the treatment of fatty liver disease, according to Bloomberg.
• Wegovy is Novo Nordisk's obesity treatment based on semaglutide.

• Federal Bank reported a net profit of Rs 1,177 crore in Q1, up 36.6% from Rs 862 crore in the year-ago period.
• Net interest income (NII) increased 26.1% year-on-year to Rs 2,946 crore from Rs 2,337 crore.
• Asset quality improved, with gross NPA declining to 1.52% from 1.62% in the previous quarter and net NPA falling to 0.18% from 0.20%.
• Provisions stood at Rs 317 crore, down from Rs 741 crore in the previous quarter and Rs 400 crore a year earlier.
• Tax expense rose to Rs 402.7 crore from Rs 294.4 crore in the corresponding quarter last year.

• Central Bank of India reported a net profit of Rs 1,324 crore in Q1, up 13.3% from Rs 1,169 crore a year earlier.
• Net interest income (NII) rose 16% year-on-year to Rs 3,914 crore from Rs 3,383 crore.
• Gross NPA improved to 2.60% from 2.67% in the previous quarter, while net NPA remained unchanged at 0.49%.
• Provisions declined to Rs 401.6 crore from Rs 521.1 crore a year ago and Rs 504.3 crore in the preceding quarter.
• Operating profit fell 5.1% YoY to Rs 2,186 crore from Rs 2,304 crore.

• AWL Agri said its personal care brand Alife has relaunched its bathing soap portfolio with new variants, according to an exchange filing.
• The refreshed range is aimed at the everyday beauty and personal care segment.
• The relaunch expands Alife's product offerings in the bathing soap category.

• Bank of Baroda said its board will consider a proposal to raise foreign currency funds on July 24, according to an exchange filing.
• The fundraising may be undertaken through debt instruments in overseas markets.
• The proposal relates to raising foreign exchange-denominated funds to support the bank's funding requirements.

• PTC Industries said it has secured an order from BrahMos Aerospace for an airframe system, according to an exchange filing.
• The company did not disclose the value of the contract, citing confidentiality requirements.
• The order relates to the supply of airframe systems for BrahMos Aerospace.

• Peter McGuire told NDTV Profit that copper and aluminium markets recently witnessed a sharp sell-off.
• He said uncertainty remains elevated due to the ongoing conflict, adding that markets are hoping to avoid further negative developments.
• McGuire noted that he had expected geopolitical tensions to ease by now but said the situation remains unresolved.
• He added that Iran is seeking to maintain influence across the Red Sea region.

• Reliance Industries' promoter holding increased to 50% from 49.52% during the June quarter.
• The increase came through creeping acquisitions by the promoter group in Q1.
• Promoters purchased Reliance Industries shares worth around Rs 9,000 crore during the quarter, taking their stake to 50%.

• Prime Minister Narendra Modi said key global oil routes, including the Strait of Hormuz, have faced disruptions due to the ongoing conflict in the Middle East, but India's development momentum has continued.
• He said India's railways were heavily dependent on diesel earlier and that only around 30% of the network was electrified until 2014.
• Modi added that nearly 99% of railway routes have been electrified over the past 12 years, reducing dependence on imported fuel and strengthening resilience against external disruptions.

• NBCC (India) Ltd has received new orders worth Rs 85.6 crore, according to an exchange filing.
• The company disclosed the order wins through a regulatory filing.

• The Reserve Bank of India is preparing to launch a pilot programme for polymer banknotes, with a wider rollout likely from 2027, official sources told NDTV Profit.
• The pilot phase is expected to begin with Rs 10 and Rs 20 denominations. Polymer notes will not replace existing paper currency, and current banknotes will continue to remain in circulation.
• RBI's currency printing arm has floated a global expression of interest (EOI) to procure polymer substrate sheets and has invited global manufacturers to participate.
• The polymer substrate is expected to incorporate advanced security features for banknotes. The deadline for EOI bid submissions is August 18.
• An email sent to the RBI seeking comments did not receive a response.

 

• Burberry reported a 5% increase in first-quarter comparable retail sales, according to Bloomberg.
• The performance was broadly in line with market expectations. Analysts had estimated comparable retail sales growth of 5.22%, according to Bloomberg.

 

• Meta Platforms has hired Amazon Web Services executive Dave Brown, according to a Wall Street Journal report cited by Bloomberg.
• Brown is a veteran of AWS and has held leadership roles in the cloud computing business.
• The appointment marks a senior talent move by Meta as it continues to build its technology and infrastructure capabilities.

Source: Bloomberg, Wall Street Journal

• Nelco Managing Director P.J. Nath told NDTV Profit that the company's revenue has remained largely flat over the past three years.
• He said satellite communication services remain a niche segment in India, but the company expects to secure new business going forward.
• Nath said Nelco continues to serve the market using Jio's satellite capacity and is developing new solutions to address emerging opportunities.
• The company does not provide guidance on future performance, he added.

• PNC Infratech said it has signed agreements with the National Highways Authority of India (NHAI) for two road projects under the Hybrid Annuity Model (HAM), according to an exchange filing.
• The combined value of the two projects stands at Rs 3,483 crore.
• The agreements formalise the execution of the projects awarded by NHAI under the HAM framework.

• Time Technoplast said it has secured a Government e-Marketplace (GeM) contract from Hindustan Petroleum Corporation Ltd (HPCL) worth approximately Rs 38.14 crore.
• The order is for the supply of 1.4 lakh 10-kg composite LPG cylinders.
• The company said the order comes amid increasing adoption of composite LPG cylinders and follows HPCL's rollout of a distribution model that enables on-demand cylinder delivery through quick-commerce platforms.

 

• Volvo reported Q2 net sales of SEK 126.27 billion, ahead of the Bloomberg estimate of SEK 123.84 billion, according to Bloomberg.
• Adjusted operating profit came in at SEK 14.78 billion, compared with the estimate of SEK 14.32 billion.
• Adjusted operating margin stood at 11.7%, slightly above the Bloomberg consensus estimate of 11.4%.

 

• Indian equity benchmarks traded higher, supported by gains in heavyweight stocks and sectoral indices.
• Jio Financial Services rose nearly 4.5% after reporting its quarterly earnings, while HCLTech gained about 2.5% following its partnership with Guardian USA. Tech Mahindra added nearly 2% after posting its quarterly results.
• Reliance Industries advanced around 2% ahead of its earnings announcement later in the day.
• Among sectors, Nifty Realty climbed nearly 1.5%, snapping a four-session losing streak. Nifty IT rose more than 1% and touched its highest level in 29 trading sessions.

• Nandan Chakraborty of DAM Capital told NDTV Profit that the outlook for the BFSI, IT and auto sectors remains important to monitor.
• He said macroeconomic conditions have generally improved.
• Chakraborty added that the impact of El Niño could be offset by the Indian Ocean Dipole.

• LTM said it has entered into a partnership with Glean to support enterprise AI adoption, according to an exchange filing.
• The collaboration is aimed at helping organisations deploy and scale artificial intelligence solutions across their operations.
• The company disclosed the partnership through a regulatory filing.

• Ratnaveer Precision Engineering said it has received in-principle approvals from both BSE and NSE for its proposed rights issue.
• The approvals clear the way for the company to proceed with the next steps for the rights offering.
• The company disclosed the development through a regulatory filing.

• RBI Governor Sanjay Malhotra said the current policy framework remains growth-oriented and the state of the Indian economy is strong.
• He said banking system capital adequacy remains above 17%, while statutory liquidity levels are above 120%.
• The Governor said the conflict in the Middle East remains a key concern and added that the monsoon will continue to be closely monitored for its impact on the agriculture sector.
• He said inflation remains elevated due to supply-side factors and reiterated the RBI's focus on keeping headline CPI within the desired range.
• The Governor also said the rupee is in a relatively good position and that there are no signs of stress in any segment of bank lending. He added that growth in gold loans and MSME lending is higher, but the RBI is not seeing risks in these segments.

• Wipro's management said the BFSI segment continued to show strength in Europe and registered positive traction during Q1. The company added that its Europe business grew on a year-on-year basis.
• Wipro booked $1.6 billion in large deal wins across 13 deals during the quarter. The company said banks are increasingly looking to adopt AI technologies while also seeking cost reductions and vendor consolidation.
• Management said operating margins have improved substantially over the past eight quarters and it plans to continue improving margins each quarter. It also noted that utilisation was reduced to support deal ramp-ups.
• Wipro said 55% of its revenue comes from fixed-cost projects and does not expect a significant increase in headcount. The company added that buybacks remain a lever for returning excess cash and that its approach towards acquisitions has remained consistent.
• Q1 revenue declined by more than 1% on a sequential basis.

• Nifty 50 rose 0.68% to 24,235.35, while Sensex gained 0.74% to 77,758.97. Reliance Industries, HDFC Bank, ICICI Bank, Infosys and State Bank of India contributed the most to the gains.
• Indian benchmarks traded higher even as major Asian indices declined. Japan’s Nikkei 225 fell 4.57%, while South Korea’s Kospi, Hong Kong’s Hang Seng, China’s Shanghai Composite and Australia’s ASX 200 also traded lower.

• Jio Financial Services rose 4.34% and Tech Mahindra gained 2.64% following their quarterly results.
• CEAT fell 8.14%, while WeWork India Management declined 6.85%. Heritage Foods, Piramal Finance and Wipro dropped 4.25%, 3.75% and 2.31%, respectively.


Piramal Finance (Q1, Consolidated YoY)

• Net profit up 66.1% to Rs 459 crore versus Rs 276 crore.
• Total income up 27.5% to Rs 3,430 crore versus Rs 2,690 crore.
• Approved fundraising of up to Rs 4,000 crore.

Borosil Renewables (Q1, Consolidated YoY)

• Revenue up 17.1% to Rs 406 crore versus Rs 347 crore.
• Ebitda to Rs 127 crore versus Rs 63 crore.
• Margin at 31.4% versus 18.2%.
• Net profit at Rs 86.8 crore versus loss of Rs 167 crore.
• Other income to Rs 14 crore versus Rs 6.3 crore.
• Tax expense to Rs 31.3 crore versus Rs 16.9 crore.
• Q1 FY26 included a one-time loss of Rs 222 crore.

Wipro (Q1, Consolidated QoQ)

• Revenue up 1% to Rs 24,479 crore versus Rs 24,236 crore.
• Ebit down 8.4% to Rs 3,829 crore versus Rs 4,181 crore.
• Margin at 15.6% versus 17.2%.
• Net profit down 4.3% to Rs 3,352 crore versus Rs 3,502 crore.
• Total bookings down 2.4% to $3,370 million QoQ in constant currency.
• IT Services revenue down 1.4% to $2,615 million QoQ.
• IT Services operating margin at 16%.
• Attrition at 13.9% on a trailing 12-month basis.
• Sees Q2 IT Services growth in the range of -1.5% to 0.5%.
• Expects Q2 IT Services revenue in the range of $2,574 million to $2,627 million.
• Large deal TCV up 12.9% QoQ to $1.63 billion.
• Total headcount at 2.43 lakh.

Tech Mahindra (Q1, Consolidated QoQ)

• Revenue up 4.2% to Rs 15,712 crore versus Rs 15,076 crore.
• Ebit up 9.2% to Rs 2,264 crore versus Rs 2,073 crore.
• Margin at 14.4% versus 13.7%.
• Net profit up 8.2% to Rs 1,465 crore versus Rs 1,354 crore.
• Dollar revenue up 2.6% QoQ to $1,660 million in constant currency.
• New deal wins TCV up 33.3% YoY to $1,078 million.

Heritage Foods (Q1, Consolidated YoY)

• Revenue up 17.7% to Rs 1,338 crore versus Rs 1,137 crore.
• Ebitda down 16.3% to Rs 61.8 crore versus Rs 73.9 crore.
• Margin at 4.6% versus 6.5%.
• Net profit down 37.9% to Rs 25.2 crore versus Rs 40.6 crore.
• Acquired the remaining 5.6% stake in HNFL.

Alok Industries (Q1, Consolidated YoY)

• Revenue up 6.5% to Rs 993 crore versus Rs 932 crore.
• Ebitda to Rs 57.3 crore versus Rs 20.1 crore.
• Margin at 5.8% versus 2.2%.
• Net loss at Rs 138 crore versus loss of Rs 172 crore.

Nelco (Q1, Consolidated YoY)

• Revenue up 7% to Rs 80 crore versus Rs 74.8 crore.
• Net profit up 30% to Rs 2.3 crore versus Rs 1.8 crore.

Jio Financial (Q1, Consolidated YoY)

• Net profit at Rs 830 crore versus Rs 325 crore.
• Total income at Rs 2,004 crore versus Rs 619 crore.

Ceat (Q1, Consolidated YoY)

• Revenue up 22.4% to Rs 4,318 crore versus Rs 3,529 crore.
• Ebitda down 5.7% to Rs 365 crore versus Rs 387 crore.
• Margin at 8.5% versus 11%.
• Net profit at Rs 4 crore versus Rs 112 crore.
• To invest Rs 1,205 crore to add capacity at the Nagpur unit.
• To add capacity of 53,000 tyres per day at the Nagpur unit.

WeWork India (Q1, Consolidated YoY)

• Revenue up 27.7% to Rs 684 crore versus Rs 535 crore.
• Ebitda up 30.4% to Rs 438 crore versus Rs 336 crore.
• Margin at 64% versus 62.7%.
• Net loss at Rs 4.3 crore versus loss of Rs 14.1 crore.

Ajmera Realty (Q1 Business Update)

• Sales value up 35% to Rs 146 crore.
• Sales area stood at 43,737 sq ft.
• Total collections stood at Rs 173 crore.

• Nifty IT rose 1.89%, followed by Nifty Auto at 0.68%. Nifty Financial Services and Nifty Private Bank gained 0.35% and 0.33%, respectively.
• Nifty Pharma fell 1.04%, while Nifty Media declined 0.85%. Nifty Metal and Nifty Realty slipped 0.25% and 0.20%, respectively.


 

• Nifty 50 rose 0.40% or 96.70 points to 24,169.45 at the open.
• Sensex gained 0.46% or 358.40 points to 77,545.27.

The Indian rupee depreciated by as much as 5 paise to 96.29 against the US dollar.

• Nifty 50 rose 0.22% or 52.90 points to 24,125.65 in pre-market trade.
• Sensex gained 0.25% or 190.11 points to 77,376.98.

• Adani Enterprises’ arm Adani Defence will acquire the remaining 44.6% stake in Flight Simulation Solutions. The transaction will raise its ownership in Flight Simulation Solutions and subsidiary FSTC to 100%.
• The acquisition values FSTC at an enterprise value of Rs 820 crore, according to an exchange filing.

• Economic Advisory Council member Rakesh Mohan called for greater Chinese investment in labour-intensive sectors such as textiles, garments, footwear and furniture, according to Bloomberg report.
• Mohan also said India should reassess regional trade agreements and identify products that could help narrow its trade imbalance with China.

• The US Department of Homeland Security has ended the “duration of status” system for holders of F, J and I non-immigrant visas.
• Foreign students, exchange visitors and media representatives will instead receive fixed periods of admission under the new rule.

• US Central Command said its forces struck dozens of Iranian military targets, including coastal surveillance, air defence, logistics and maritime facilities.
• Fighter jets, drones and warships participated in the latest strikes. More than 50,000 US service members are operating across the Middle East.

• Jefferies’ Chris Wood said foreign selling in India was mainly linked to Korea’s weight in the MSCI Emerging Markets Index rising to 23.7% from 9% since the start of last year.
• He said small- and mid-cap stocks have outperformed large-caps, supported by continued inflows into domestic mutual funds through systematic investment plans. Foreign investors may return if the artificial intelligence trade peaks or Indian market valuations decline.

• Jefferies retained its Buy rating and raised the target price to Rs 1,340 from Rs 1,300. It expects earnings per share to grow at a compound annual rate of 17% between FY26 and FY29.
• Citi maintained Buy and increased its target price to Rs 1,600 from Rs 1,525, citing flows into the wealth and asset management businesses. Bernstein retained Outperform with a target price of Rs 1,330, noting continued flows and fee growth despite pressure on yields.

• Jefferies retained its Buy rating on Newgen Software and raised the target price to Rs 630 from Rs 610. Revenue met estimates, while profit exceeded expectations.
• The brokerage said higher licence revenue supported growth and expects growth to accelerate from FY27. It expects AI-led productivity gains to keep margins steady.

• Kotak Securities upgraded Eicher Motors to Add from Sell and raised its target price to Rs 7,950 from Rs 6,500.
• The brokerage cited demand momentum, premiumisation and the potential entry into the 250 cc segment. It increased consolidated earnings-per-share estimates for FY27 to FY29 by 5% to 7%.

• Nifty July futures rose 0.15% to 24,103.70, trading at a premium of 31 points.
• The highest call open interest was at the 24,200 strike, while the highest put open interest was at the 23,000 strike. Kaynes Technology remained under the F&O ban.

• Bank of India Mutual Fund, Nippon India Mutual Fund, BOFA Securities Europe and Buoyant Opportunities bought shares of Laser Power & Infra. Irage Broking Services recorded both buy and sell transactions in the stock.
• Abakkus Investment Managers, F3 Advisors, Irage Broking Services and Epitome Trading bought Nilkamal shares. Smallcap World Fund sold 12.90 lakh Ramkrishna Forgings shares at Rs 573.88 apiece, while Sudesh IT Solutions bought 5 lakh Zee Entertainment shares at Rs 104.63 each.

• Central Bank of India, Globus Spirits, Havells India, Oberoi Realty, Poonawalla Fincorp and RBL Bank are also scheduled to announce their earnings.
• Other companies reporting results include Tata Technologies, Tatva Chintan Pharma Chem and Turtlemint Fintech Solutions.

• The six-month anchor lock-in ends for 325.9 crore shares of Bharat Coking Coal, representing 70% of its total outstanding shares.
• The one-year lock-in ends for 4.36 crore Smartworks Coworking shares, representing 38% of its total outstanding shares.

• 3M India trades ex-dividend for a special dividend of Rs 346 per share, while Indian Hume Pipe trades ex-dividend for a special dividend of Rs 3 per share.
• HCLTech trades ex-dividend for an interim dividend of Rs 12 per share. JB Chemicals & Pharma has a merger-related corporate action.

• ONGC’s rating was affirmed at BBB-/Stable by Fitch, while CRISIL upgraded Vedanta’s long-term rating to AA /Stable. Tata Motors signed an agreement with UCO Bank for commercial vehicle financing. HCLTech entered a seven-year partnership with Guardian and acquired Guardian India for $10.5 million.
• Coal India commissioned 200 MW of solar capacity in Gujarat. PC Jeweller approved a Rs 1,000-crore QIP, while Canara Bank raised $200 million through senior unsecured notes. South Indian Bank plans to raise up to Rs 1,000 crore through debt securities.
• Other stocks in focus include CEAT, Prestige Estates, IRCTC, Sky Gold and Diamonds, Gland Pharma, Tamilnad Mercantile Bank, PhysicsWallah and Tata Capital.

Piramal Finance (Q1, Consolidated YoY)

• Net profit up 66.1% to Rs 459 crore versus Rs 276 crore.
• Total income up 27.5% to Rs 3,430 crore versus Rs 2,690 crore.
• Approved fundraising of up to Rs 4,000 crore.

Borosil Renewables (Q1, Consolidated YoY)

• Revenue up 17.1% to Rs 406 crore versus Rs 347 crore.
• Ebitda to Rs 127 crore versus Rs 63 crore.
• Margin at 31.4% versus 18.2%.
• Net profit at Rs 86.8 crore versus loss of Rs 167 crore.
• Other income to Rs 14 crore versus Rs 6.3 crore.
• Tax expense to Rs 31.3 crore versus Rs 16.9 crore.
• Q1 FY26 included a one-time loss of Rs 222 crore.

Wipro (Q1, Consolidated QoQ)

• Revenue up 1% to Rs 24,479 crore versus Rs 24,236 crore.
• Ebit down 8.4% to Rs 3,829 crore versus Rs 4,181 crore.
• Margin at 15.6% versus 17.2%.
• Net profit down 4.3% to Rs 3,352 crore versus Rs 3,502 crore.
• Total bookings down 2.4% to $3,370 million QoQ in constant currency.
• IT Services revenue down 1.4% to $2,615 million QoQ.
• IT Services operating margin at 16%.
• Attrition at 13.9% on a trailing 12-month basis.
• Sees Q2 IT Services growth in the range of -1.5% to 0.5%.
• Expects Q2 IT Services revenue in the range of $2,574 million to $2,627 million.
• Large deal TCV up 12.9% QoQ to $1.63 billion.
• Total headcount at 2.43 lakh.

Tech Mahindra (Q1, Consolidated QoQ)

• Revenue up 4.2% to Rs 15,712 crore versus Rs 15,076 crore.
• Ebit up 9.2% to Rs 2,264 crore versus Rs 2,073 crore.
• Margin at 14.4% versus 13.7%.
• Net profit up 8.2% to Rs 1,465 crore versus Rs 1,354 crore.
• Dollar revenue up 2.6% QoQ to $1,660 million in constant currency.
• New deal wins TCV up 33.3% YoY to $1,078 million.

Heritage Foods (Q1, Consolidated YoY)

• Revenue up 17.7% to Rs 1,338 crore versus Rs 1,137 crore.
• Ebitda down 16.3% to Rs 61.8 crore versus Rs 73.9 crore.
• Margin at 4.6% versus 6.5%.
• Net profit down 37.9% to Rs 25.2 crore versus Rs 40.6 crore.
• Acquired the remaining 5.6% stake in HNFL.

Alok Industries (Q1, Consolidated YoY)

• Revenue up 6.5% to Rs 993 crore versus Rs 932 crore.
• Ebitda to Rs 57.3 crore versus Rs 20.1 crore.
• Margin at 5.8% versus 2.2%.
• Net loss at Rs 138 crore versus loss of Rs 172 crore.

Nelco (Q1, Consolidated YoY)

• Revenue up 7% to Rs 80 crore versus Rs 74.8 crore.
• Net profit up 30% to Rs 2.3 crore versus Rs 1.8 crore.

Jio Financial (Q1, Consolidated YoY)

• Net profit at Rs 830 crore versus Rs 325 crore.
• Total income at Rs 2,004 crore versus Rs 619 crore.

Ceat (Q1, Consolidated YoY)

• Revenue up 22.4% to Rs 4,318 crore versus Rs 3,529 crore.
• Ebitda down 5.7% to Rs 365 crore versus Rs 387 crore.
• Margin at 8.5% versus 11%.
• Net profit at Rs 4 crore versus Rs 112 crore.
• To invest Rs 1,205 crore to add capacity at the Nagpur unit.
• To add capacity of 53,000 tyres per day at the Nagpur unit.

WeWork India (Q1, Consolidated YoY)

• Revenue up 27.7% to Rs 684 crore versus Rs 535 crore.
• Ebitda up 30.4% to Rs 438 crore versus Rs 336 crore.
• Margin at 64% versus 62.7%.
• Net loss at Rs 4.3 crore versus loss of Rs 14.1 crore.

Ajmera Realty (Q1 Business Update)

• Sales value up 35% to Rs 146 crore.
• Sales area stood at 43,737 sq ft.
• Total collections stood at Rs 173 crore.

• Brent crude rose towards $85 a barrel and was on track for a weekly gain of almost 12, its biggest since April.
• West Texas Intermediate climbed above $79 as the US-Iran conflict raised concerns over oil supply disruptions from the Middle East.

• Japan’s Nikkei 225 fell 3.82%, while Australia’s ASX 200 declined 0.71%. China’s Shanghai Composite edged 0.07% lower.
• Renewed selling in global technology and semiconductor stocks weighed on markets. South Korean markets were closed for a holiday.

GIFT Nifty traded at 24,140, around 67 points above the Nifty 50’s Thursday close of 24,072.75.