Stock Market Crash Highlights: Nifty, Sensex See Worst Fall In 10 Days Over Surging Brent Crude Prices

• The Sensex closed 715 points, or 0.92%, lower at 76,755.05. The Nifty 50 fell 191 points, or 0.79%, to 23,906.25, marking the benchmarks’ steepest decline in 10 sessions.
• Brent crude rose nearly 4% after another round of US strikes against Iran increased concerns over supplies through the Strait of Hormuz.

• Eternal reported consolidated net profit of Rs 92 crore, below the estimate of Rs 300 crore but up from Rs 25 crore a year earlier.
• Revenue rose to Rs 20,211 crore from Rs 7,167 crore, exceeding the estimate of Rs 20,058 crore. EBITDA increased to Rs 594 crore but missed the estimate of Rs 664 crore.
• EBITDA margin expanded to 2.9% from 1.6% a year earlier but remained below the estimated 3.3%.
• Quick-commerce revenue rose to Rs 15,664 crore, while food-delivery revenue increased 37%. Blinkit reported EBIT of Rs 365 crore against a loss of Rs 42 crore a year ago.

• Apollo Micro Systems received a Make-II prototype sanction order from the Indian Navy to develop the SAVIOR-ASW system.
• SAVIOR-ASW is a semi-submersible autonomous vessel, the company said in an exchange filing.

• SRF reported a 75.7% year-on-year rise in consolidated net profit to Rs 759 crore, while revenue increased 31.8% to Rs 5,033 crore.
• EBITDA grew 49% to Rs 1,237 crore, with the margin expanding to 24.6% from 21.7%.
• Chemicals revenue rose 26% to Rs 2,315 crore, while performance films revenue increased 42% to Rs 2,017 crore. Technical textiles revenue grew 28% to Rs 597 crore.
• The company declared an interim dividend of Rs 5 per share.

• JSW Energy reported a 36.6% year-on-year decline in consolidated net profit to Rs 471 crore from Rs 743 crore.
• Revenue rose 1.2% to Rs 5,207 crore, while EBITDA increased 3% to Rs 2,873 crore.
• EBITDA margin expanded to 55.2% from 54.2% a year earlier.

• Bharat Petroleum reported a Q1 net loss of Rs 3,962 crore, its first quarterly loss since Q2 FY23. The loss was lower than the estimated Rs 12,632 crore.
• Revenue stood at Rs 1.51 lakh crore, above the estimate of Rs 1.29 lakh crore and up 18.2% from Rs 1.19 lakh crore in the previous quarter.
• The company posted an EBITDA loss of Rs 4,077 crore, compared with the estimated loss of Rs 13,713 crore and EBITDA of Rs 10,061 crore in Q4 FY26.
• BPCL had reported a net profit of Rs 3,191 crore in the preceding quarter, which included a one-time loss of Rs 4,349 crore.

Stock Market Live: Adani Green Energy Capacity Rises 27% To 20.1 GW In Q1

• Adani Green Energy’s operational capacity increased 27% year-on-year to 20.1 GW in Q1 FY27, driven by 4,327 MW of greenfield additions over the past year. Energy sales rose 30% to 13,657 million units.
• Revenue from power supply grew 29% to Rs 4,280 crore, while EBITDA from power supply rose 33% to a quarterly record of Rs 4,122 crore. EBITDA margin stood at 94%.
• The company commissioned 1,972 MWh of battery storage capacity at Khavda during the quarter, taking its total installed storage capacity to 3,551 MWh.

• China’s new outbound investment framework may require companies to secure Beijing’s approval even after receiving clearance under India’s Press Note 3 rules, according to people familiar with the matter.
• Existing ventures involving Dixon Technologies, Vivo and Uno Minda, along with proposed partnerships involving Amber Enterprises, Oppo and PG Electroplast, may require Chinese clearance. The rules could increase scrutiny of equity investments, technology transfers and governance rights, and lengthen deal timelines.
• NDTV Profit reached out to Dixon Technologies, PG Electroplast, Amber Enterprises and Uno Minda for comments and is awaiting responses.

• Spain's IBEX 35 rose 0.62%, while Germany's DAX gained 0.63%, France's CAC 40 advanced 0.79% and the UK's FTSE 100 added 0.89%.
• Italy's FTSE MIB climbed 0.60%, Sweden's OMX Stockholm 30 rose 0.85%, and the pan-European STOXX 600 gained 0.38%.
• Among major markets, Denmark's OMX Copenhagen 25 fell 1.21% and the Netherlands' AEX slipped 0.24%, bucking the broader positive trend.

• Asian markets ended mixed as gains in South Korea and Australia offset declines in Hong Kong and Japan.
• Hong Kong's Hang Seng Index fell 0.95%, while Japan's Nikkei 225 slipped 0.18% at the close.
• South Korea's Kospi rose 0.74%, Australia's ASX 200 gained 0.34%, and China's Shanghai Composite edged up 0.07%.

• Adani Green Energy reported consolidated net profit of Rs 845 crore in Q1, compared with Rs 397 crore in the previous quarter.
• Revenue rose 26.5% quarter-on-quarter to Rs 4,431 crore, while EBITDA increased 38.3% to Rs 3,985 crore.
• EBITDA margin expanded to 89.9% from 82.3% in the preceding quarter.
• The company said Q4 FY26 included a one-time loss of Rs 108 crore.

• Wakefit Innovations snapped a four-day losing streak, touched its highest level in two months and recorded its biggest intraday gain in the same period. Trading volumes were 11 times the 20-day average.
• Sri Lotus Developers & Realty extended gains for a third straight session, hit its highest level since January 2026 and posted its biggest intraday rise since March 2026. Volumes were eight times the 20-day average.
• JK Paper advanced for a third consecutive day, climbed to a nine-month high and registered its biggest intraday gain since February 2026. Trading volumes were nine times the 20-day average.

• NACL Industries reported a 59.8% year-on-year rise in consolidated net profit to Rs 20.8 crore, compared with Rs 13 crore a year earlier.
• Revenue declined 14.5% to Rs 383 crore from Rs 448 crore in the corresponding quarter last year.
• EBITDA increased 8.6% to Rs 41.4 crore from Rs 38.1 crore.
• EBITDA margin expanded to 10.8% from 8.5% a year ago.

• Tips Music has deferred consideration of its share buyback proposal to the board meeting scheduled on Aug. 5.
• Q1 revenue rose 20.9% year-on-year to Rs 107 crore from Rs 88.1 crore.
• EBITDA declined 5.3% to Rs 53.5 crore, while EBITDA margin narrowed to 50.3% from 64.2% a year ago.
• Net profit fell 4.6% year-on-year to Rs 43.7 crore from Rs 45.8 crore.

• Hindustan Unilever has increased prices of select Rin detergent and Dove shampoo products in July, according to industry channel checks. The company had earlier guided for selective price increases during its Q4 earnings call.
• Rin 1 kg is now priced at Rs 120 from Rs 117, marking its fourth price increase since March and taking the cumulative hike to 8%. The price of a four-pack Rin bar has been raised to Rs 107 from Rs 100, taking the cumulative increase since March to 13.83%.
• Dove Shampoo 200 ml has been repriced to Rs 189 from Rs 172, its first increase since Middle East-related cost pressures emerged earlier this year.
• Industry checks indicate higher palm oil and packaging costs have driven the price increases. HUL did not respond to NDTV Profit's queries on the changes.

• Bansal Wire Industries reported a 47.8% year-on-year decline in consolidated net profit to Rs 20.5 crore, compared with Rs 39.3 crore a year earlier.
• Revenue rose 24.4% to Rs 1,168 crore from Rs 939 crore, reflecting higher business activity during the quarter.
• EBITDA fell 21.4% to Rs 56.4 crore from Rs 71.8 crore, while EBITDA margin narrowed to 4.8% from 7.6%.
• Other income declined to Rs 3.5 crore from Rs 26.2 crore in the year-ago period.

• Orient Electric reported an 80% year-on-year increase in net profit to Rs 31.5 crore for the first quarter, compared with Rs 17.5 crore a year earlier.
• Revenue rose 23.4% to Rs 950 crore from Rs 770 crore, while EBITDA increased 42.1% to Rs 66.8 crore.
• EBITDA margin expanded to 7% from 6.1% in the corresponding quarter last year.

• Stylam Industries reported a 70.3% year-on-year rise in consolidated net profit to Rs 48.2 crore, compared with Rs 28.3 crore a year earlier.
• Revenue increased 15.4% to Rs 327 crore, while EBITDA rose 30% to Rs 68.9 crore.
• EBITDA margin expanded to 21.1% from 18.7% in the corresponding quarter last year.
• Other income increased to Rs 122 crore from Rs 78 crore a year ago.

• Iran said there are currently no negotiations taking place with the US, according to the semi-official Mehr news agency.
• Iranian authorities said an exchange of messages between the two countries remains possible.
• The comments were reported by Mehr, citing Iran's Interior Ministry.

• HFCL reported a consolidated net profit of Rs 229 crore in Q1, compared with a loss of Rs 32.2 crore a year earlier.
• Revenue more than doubled to Rs 1,915 crore from Rs 871 crore, while EBITDA rose to Rs 414 crore from Rs 28.8 crore.
• EBITDA margin expanded to 21.6% from 3.3% in the year-ago quarter.
• The company also approved setting up a new unit for data centre connectivity products with an estimated capital outlay of Rs 215 crore.

• Tata Communications reported a 29.4% year-on-year decline in consolidated net profit to Rs 134.2 crore, compared with Rs 190 crore a year ago.
• Revenue rose 10.5% to Rs 6,583 crore from Rs 5,960 crore, while EBITDA increased 8.2% to Rs 1,230.3 crore.
• EBITDA margin narrowed to 18.7% from 19.1% in the corresponding quarter last year.

• The rupee weakened 0.3% to 96.51 against the US dollar, compared with 96.24 in the previous session.
• The domestic currency extended its decline during the trading session, reflecting continued pressure against the greenback.

• HDFC Securities maintained its Add rating on Nestlé India with a target price of Rs 1,600 after Q1 net sales, EBITDA and adjusted profit after tax came in above consensus estimates.
• The brokerage said revenue growth was supported by volume gains across categories, with strong performance in prepared dishes, confectionery, beverages, pet food and Nestlé Professional. Exports grew 35.6% year-on-year.
• General trade posted double-digit growth, led by rural markets, while quick commerce remained a key growth driver. The company also gained market share and expanded penetration during the quarter.
• HDFC Securities said gross margin expanded to 57.1% and EBITDA margin rose to 24.2% in Q1. It expects Nestlé India to continue delivering stronger growth than listed peers, supported by product launches and distribution initiatives.

• Morgan Stanley said Nestlé India reported another quarter of positive surprise, with growth across product categories in double digits.
• The brokerage noted high double-digit growth across channels during the quarter.
• It added that strong revenue growth trends and management's focus on driving growth support the stock's near-term performance.

• CSB Bank reported a 26.5% year-on-year rise in net profit to Rs 150 crore for the first quarter, compared with Rs 119 crore a year earlier.
• Net interest income increased 26% to Rs 479 crore, while operating profit rose 13.8% to Rs 251 crore.
• Gross NPA stood at 1.75% versus 1.66% in the previous quarter, while net NPA improved marginally to 0.39% from 0.40%.
• Provisions declined to Rs 49 crore from Rs 60.8 crore a year ago but increased from Rs 23 crore in the preceding quarter.

• InterGlobe Aviation, the parent of IndiGo, fell as much as 3.18% in intraday trade. The stock touched a high of Rs 5,225.50 and a low of Rs 5,107 during the session.
• The stock was trading at Rs 5,136.50 in the afternoon session, remaining under pressure throughout the day.


 

• Ankit Thakker of Jupiter Life Line Hospitals said occupancy levels are unlikely to move beyond 70%. He said Western India remains a key growth market for the hospital chain.
• Thakker added that the company is focused on expanding its presence in Western India and is not looking to diversify beyond its core business. He also sees further scope for capacity expansion.

• The Nifty 50 fell as much as 0.94% to 23,961.40, extending losses and slipping below the 24,000 mark.
• The Sensex declined as much as 829 points, or 1.1%, to 76,641.19, marking a fresh intraday low for the session.

Priyanka Chigurupati of Granules India said the company is not overly concerned about the proposed US pharmaceutical tariffs and does not expect a 20-70% increase in costs. She added that the company does not believe the tariffs will be implemented.

Granules India is increasing its focus on complex generics and expects their contribution to rise over time. The company has three facilities in the US and is preparing for nine additional product launches after receiving US FDA approvals. It also plans to absorb potential price increases in the US market where required.

• Paras Defence said its subsidiary, Paras Semiconductors, has signed an MoU with the Madhya Pradesh State Electronics Development Corporation for an advanced integrated circuit packaging and OSAT facility in the state.
• The company plans to set up the unit with an investment of Rs 6,200 crore, according to an exchange filing.

Novartis reported 43% year-on-year growth in constant currency terms for Kisqali, with second-quarter sales of $1.695 billion. The company also said growth in Entresto sales outside the US continued and reaffirmed its $10 billion peak sales target for Kisqali.

Divi's Laboratories will be in focus as it supplies active pharmaceutical ingredients for both Kisqali and Entresto to Novartis.

Abizer Diwanji of Neostrat Advisors said HDFC Bank has significant room for growth, with product diversification expected to support its customer base. However, he said diversification alone will not drive growth.

Diwanji said the bank is facing pressure from management changes and slower loan growth. He added that HDFC Bank has managed a merger of disproportionate size and could have done more to retain its franchise.

Parag Thakkar of Fort Capital said he does not believe HDFC Bank is facing governance issues. He said the bank has managed recent headwinds well.

Thakkar added that HDFC Bank's margins should bottom out from current levels, indicating potential stability in profitability going forward.

Vishal Manchanda of Systematix Shares & Stocks said companies with higher exposure to the US face risks, while most pharmaceutical companies may report low single-digit growth.

Manchanda said biosimilars could perform well over the next five years. The US pharmaceutical tariff announcement remains a threat, though the proposed measure may not take effect.

The Delhi High Court upheld the Centre’s refusal to extend Vedanta’s production-sharing contract for the Cambay Basin offshore OS/2 oil and gas block. The contract expired in 2023, and Vedanta had sought a 10-year extension until 2033.

The ruling also ends the status quo on the proposed transfer of the block to ONGC.

Nestle India’s net profit rose 48% year-on-year to Rs 975 crore, above the Rs 836 crore estimate. Revenue increased 25.2% to Rs 6,378 crore, compared with the Rs 6,063 crore estimate.

Ebitda grew 39.7% to Rs 1,537 crore, exceeding the Rs 1,354 crore estimate. The margin expanded to 24.1% from 21.6% a year earlier. All product groups recorded double-digit growth, while pet food and confectionery also reported growth.

The Delhi High Court granted an interim injunction barring Zepto Finance from using the Zepto and Zepto Finance names. The court also restricted the use or transfer of the zeptofinance.com domain while the lawsuit remains pending.

Zepto alleged that borrowers and authorities mistook the lender for the quick-commerce platform. The court found that Zepto had established prior use and goodwill on a prima facie basis.

Gabriel India’s management said the acquisition of Anand Group’s stake in HL Mando is a key milestone. The company will pay about Rs 2,231 crore for the stake.

The transaction will consolidate HL Mando’s business within the listed company, allowing Gabriel India shareholders to participate in its value creation.

Richard Harris of Port Shelter Investment said crude oil prices and markets may see no material relief, adding to expectations of higher inflation and a greater likelihood of a US Federal Reserve rate increase.

Harris said investors will continue to track artificial intelligence companies and may look for new AI and other emerging themes in India.

The Trump administration is preparing tariffs of at least 10% on products from 60 trading partners by Friday, when temporary global duties are due to expire, according to Bloomberg report. The proposed levies cite forced-labour standards.

The plan is not final and may change. The new duties would prevent a gap in the US tariff regime after the temporary 10% import surcharge ends.

The Sensex fell as much as 748 points, or 0.97%, to a day’s low of 76,722.21. The Nifty 50 declined as much as 0.9% to 23,973.

Vishal Manchanda of Systematix Shares & Stocks said companies with higher US exposure face risks, while biosimilars could perform well over the next five years. Most pharmaceutical companies may record low single-digit growth as the sector awaits further triggers.

Manchanda said the US tariff announcement poses a threat to the sector, although the proposed measure may not take effect.

• Abizer Diwanji of Neostrat Advisors said HDFC Bank has room for growth and product diversification could expand its base. However, the bank faces pressure from management changes and slower loan growth after completing a merger of disproportionate size.
• Diwanji said HDFC Bank could have done more to retain its franchise and should operate more as a structured lender.

Thomas Cook (India) fell 1.35%, while Yatra Online declined 1.33%. Easy Trip Planners, IRCTC and TBO Tek slipped 0.88%, 0.46% and 0.23%, respectively.

About 14.8 lakh shares of Varun Beverages changed hands in a block trade, according to Bloomberg data. The buyers and sellers were not immediately known.

The Nifty 50 fell as much as 0.7% to 24,016. The Sensex declined as much as 609 points, or 0.8%, to 78,861.

Vedanta Iron & Steel fell 3.37%, while Vedanta Power and Vedanta Oil & Gas declined 3.04% and 2.73%, respectively. Vedanta Aluminium dropped 1.76%, while Vedanta Ltd. was down 0.59%.

Hindustan Petroleum fell 1.88%, while Bharat Petroleum declined 1.63%. Indian Oil Corporation shares were down 0.89%.

Bandhan Bank shares fell more than 10% to Rs 187 after the lender cut its exit FY27 return on assets guidance by 40 basis points to 1.2-1.4%. The bank cited macroeconomic uncertainty and margin pressure.

Q1 net profit rose 34.9% year-on-year to Rs 502 crore, while net interest income increased 6% to Rs 2,921 crore. Gross and net bad-loan ratios improved sequentially to 3.15% and 0.93%, respectively. The bank maintained its credit cost guidance at 1.6-1.8%.

Nifty Auto rose 0.76%, while Energy, FMCG, Consumption and Metal also gained. Nifty Pharma fell 1%, while PSU Bank, IT, Private Bank, Financial Services, Realty, Media, Oil and Gas, Defence and Rural traded lower.

• The NSE Nifty 50 fell as much as 0.4% to 24,080.45.
• The BSE Sensex fell as much as 329 points or 0.4% to 77,141.

Nifty 50 pre-market indicated a 37-point, or 0.15%, decline at 24,150.45. The Sensex was down 85 points, or 0.11%, at 77,384.95.

The rupee depreciated by as much as 12 paise to 96.30 against the US dollar in early trade.

• Morgan Stanley maintained Equal-weight and raised its target price to Rs 370 from Rs 335. Profit beat estimates by 7% due to lower operating and credit costs, prompting an 8% increase in FY27-FY29 EPS estimates.
• Macquarie retained Underperform with a target price of Rs 270. It cited resilient margins, improved asset quality and lower credit costs, while flagging the sustainability of the performance.
• Jefferies maintained Hold and raised its target price to Rs 365 from Rs 325. Lower provisions supported profit, while the brokerage expects gradual AUM growth and stable net interest margins.

• Citi maintained Sell and raised its target price to Rs 3,100 from Rs 3,000. Q1 results beat estimates as margins exceeded expectations, but valuations and capital costs could limit upside.
• Jefferies maintained Buy and raised its target price to Rs 4,900 from Rs 4,500. It cited demand in India and export markets, lower margin concerns and an expected 24% EPS CAGR over FY26-FY29.
• Macquarie retained Outperform with a target price of Rs 4,325, citing the margin beat and capital expenditure plans. Morgan Stanley maintained Overweight with a target of Rs 4,327 as the volume gap with peers narrowed.
• Kotak Securities maintained Add and raised its target price to Rs 4,150 from Rs 3,925. It increased FY27-FY29 Ebitda estimates by 6-7% and expects further market share gains.

• BofA maintained its Buy rating with a target price of Rs 220. It said profit met estimates and credit costs improved, but lowered return on assets guidance and higher operating expenses remained concerns.
• Macquarie retained Underperform with a target price of Rs 130 after profit missed estimates. It flagged a weaker margin outlook, elevated credit costs and lower return on assets guidance.
• Jefferies maintained Buy and raised its target price to Rs 240 from Rs 215. Profit beat estimates on loan growth, fee income and improved microfinance asset quality, though Jefferies cut earnings estimates by about 10%.

• Citi maintained Sell and raised its target price to Rs 10,000 from Rs 9,300. Q1 results beat estimates, but the brokerage flagged the decline in domestic two-wheeler and three-wheeler market share.
• Morgan Stanley retained Underweight with a target price of Rs 9,259. Record export volumes and a weaker rupee supported earnings, while a recovery in domestic market share remains key.
• Jefferies maintained Hold and raised its target price to Rs 11,500 from Rs 10,500. It increased FY27-FY29 earnings estimates by 6-8% after the Ebitda margin expanded despite higher commodity costs.

• The boards of SRF, Aye Finance, IndusInd Bank, Power Grid Corporation and Inox Green Energy Services will consider fundraising proposals today.
• Tips Music’s board will consider a share buyback, while Triveni Engineering & Industries has a demerger-related corporate action.

Mahindra Holidays, Anthem Biosciences, Orient Electric, KFin Technologies, Shoppers Stop, TVS Motor, TVS Holdings, NACL Industries, Pix Transmissions, Fusion Finance and Sundaram Finance will hold their annual general meetings today.

• Arihant Capital Markets sold 49.21 lakh Motisons Jewellers shares at Rs 14.04 apiece and bought 1.16 lakh AGI Infra shares at Rs 332.39. Nova Vida bought 7 lakh Bliss GVS Pharma shares from Arian Investment at Rs 485 apiece.
• HRTI sold 64,139 Mrs. Bectors Food shares at Rs 212.99 and bought 28,659 Dynamic Cables shares at Rs 444.71. Huhtamaki India investor Seetha Kumari sold 4.54 lakh shares at Rs 262.19.
• Deals were also recorded in Bhansali Engineering Polymers, Bluestone Jewellery, Karur Vysya Bank, Stallion India Fluorochemicals and Tinna Rubber and Infrastructure.

Companies scheduled to report earnings include Adani Green Energy, Adani Power, Aye Finance, BPCL, CIE Automotive India, CSB Bank, Dr Reddy’s Laboratories, Eternal, Gandhar Oil Refinery, Geojit Financial Services, HEG, HFCL, HPCL, IIFL Finance, IndusInd Bank, JSW Energy and Jubilant Ingrevia.

Mahindra Holidays, NACL Industries, Nippon Life India AMC, Nestlé India, NTPC Green Energy, Oracle Financial Services Software, Orient Electric, Schaeffler India, Shoppers Stop, Smartworks Coworking Spaces, SRF, Stylam Industries, Tanla Platforms, Tata Communications, Tips Music, UCO Bank, United Spirits, UTI AMC and Vardhman Special Steels will also announce results.

Centum Electronics

• The Lyon Economic Activities Court ordered the conversion of judicial reorganisation proceedings into judicial liquidation proceedings for the company's entities. The judicial liquidation proceedings took effect on July 2.

Delhivery

• Received a GST appellate order from the West Bengal tax authority for FY20 confirming a tax demand of Rs 6.47 crore, interest demand of Rs 7.61 crore and penalty of Rs 0.65 crore over disallowance of input tax credit.

REC

• REC Power Development and Consultancy Ltd. incorporated Dharashiv Power Transmission as a wholly owned subsidiary on July 21, 2026, to act as the project SPV for the establishment of the 400 kV GIS Solapur/Paranda Switching Station.

Mahindra & Mahindra Financial Services

• Received CARE AAA/A1 and India Ratings AAA/A1 ratings for bank facilities and fixed deposits.

Trident

• Approved incorporation of a domestic wholly owned subsidiary in India to strengthen brand presence and drive sales, marketing, business development and brand-building initiatives for Trident products in overseas markets.

Sasken Technologies

• Sunirmal Talukdar ceased to be an Independent Director of the company.

Vintage Coffee and Beverages

• NCLT Hyderabad sanctioned the amalgamation of wholly owned subsidiaries Vintage Coffee and Delecto Foods with Vintage Coffee and Beverages through an order dated July 21, 2026.

Anupam Rasayan

• Dispatched the Letter of Offer for the open offer to acquire up to 2.77 crore equity shares, representing 26% of the expanded voting share capital, of Bliss GVS Pharma at Rs 299 per share in cash. The open offer is being made jointly with PAC Mates Visa Consultancy.

Additional Stocks in News

IndiaMART InterMESH

• Board approved incorporation of IndiaMART Finance Ltd., a wholly owned subsidiary, to provide working capital financing to businesses on its platform.

Infosys

• Wholly owned subsidiary Infosys BPM approved incorporation of a wholly owned subsidiary in Colombia.

Manorama Industries

• Incorporated Manorama Savannah Agro Chad SARL, a wholly owned subsidiary in Chad, to expand its business presence.

Vedanta Oil & Gas

• Received demand notices from the Directorate General of Hydrocarbons seeking about $35 million, along with interest, as liquidated damages over the non-extension of four OALP blocks.

Bhansali Engineering Polymers

• Shareholders approved the reappointment of Dilip Krushnarao Shendre as Whole-Time Director for three years.

Aurobindo Pharma

• Wholly owned subsidiary CuraTeQ Biologics received GMP approval from Brazil's ANVISA for its Hyderabad biosimilars manufacturing facility.

Aditya Birla Capital

• Approved a rights investment of Rs 123.89 crore in associate Aditya Birla Health Insurance. The investment will support the insurer's solvency margin and will not change Aditya Birla Capital's 45.89% shareholding.

One MobiKwik Systems

• Approved an investment of Rs 60.85 crore in wholly owned subsidiary MobiKwik Distribution Services to operate as a Lending Service Provider.

• Approved an investment of Rs 1 crore in MobiKwik Securities Broking.

Ashoka Buildcon

• Raised Rs 100 crore through the issuance of 90-day commercial papers at a coupon of 7.20%.

63 Moons Technologies

• Board approved a proposed preferential investment of Rs 70 crore by wholly owned subsidiary Financial Technologies Singapore into subsidiary Ticker Ltd.

GRM Overseas

• Acuité Ratings upgraded the company's long-term rating to A (Stable) from A- and short-term rating to A1 from A2 .

Viyash Scientific

• Step-down wholly owned subsidiary Alivira Animal Health signed a definitive agreement to acquire 100% of BioForLife Italia S.r.l. for about €16.98 million.

PC Jeweller

• Repaid all outstanding debt owed to one more consortium bank, taking the total to five of 14 banks. All five loans were prepaid ahead of schedule.

Orkla India

• Received a GST show-cause notice proposing a demand of Rs 8.41 crore for FY24 relating to input tax credit and related GST matters.

Ingersoll-Rand (India)

• Appointed Sunil Khanduja as Chairman of the Board with effect from July 27, 2026, following the retirement of Sekhar Natarajan.

Aye Finance

• Revised the proposed size of its private placement of secured non-convertible debentures to Rs 220 crore from Rs 200 crore, including a Rs 20 crore greenshoe option.

Rane Holdings

• Wholly owned subsidiary Rane Steering Systems received an appellate GST order resulting in a potential liability of Rs 7.46 crore, including a penalty of Rs 0.38 crore, for FY20. The subsidiary plans to file a further appeal.

The Bombay Burmah Trading Corporation

• Moved the Supreme Court seeking removal of observations regarding an alleged Rs 4,655 crore lease rent calculation for its Singampatti tea estate. The company said it has not received any demand or notice.

Aavas Financiers

• Approved issuance of secured listed non-convertible debentures worth up to Rs 200 crore through private placement.

Tata Capital

• Approved allotment of $400 million senior notes carrying a coupon of 5.332% due Jan. 21, 2030.

Anant Raj

• Board approved the demerger into Anant Raj and Ashok Cloud. Shareholders will receive shares in a 1:1 ratio.

JSW Energy

• Completed the acquisition of an additional stake in TJPS for Rs 150 crore, increasing its holding to 20.7%.

SEAMEC

• Approved acquisition of vessel SEAMEC ANANT from HAL Offshore for $70 million. Delivery is expected by Aug. 31, 2026.

TCC Concept

• Board approved a one-for-five stock split and amendment to the Memorandum of Association, subject to shareholder and regulatory approvals.

Gabriel India

• Appointed Mahendra K. Goyal as Group CEO and Managing Director for five years.

• Redesignated Atul Jaggi as Managing Director.

• Approved acquisition of a 28.99% stake in HL Mando Anand for Rs 2,231 crore.

Hind Rectifiers

• Allotted 10.8 lakh shares at Rs 920.50 apiece on a preferential basis.

• Completed a preferential allotment of shares worth Rs 1,000 crore.

Infobeans Technologies (Q1, Consolidated QoQ)

• Revenue up 7.7% to Rs 153 crore versus Rs 142 crore.

• Ebit up 13.6% to Rs 25.6 crore versus Rs 22.5 crore.

• Margin at 16.7% versus 15.9%.

• Net profit up 0.8% to Rs 21.6 crore versus Rs 21.4 crore.

JSW Infrastructure (Q1, Consolidated YoY)

• Revenue up 18% to Rs 1,445 crore versus Rs 1,224 crore.

• Ebitda up 15.9% to Rs 674 crore versus Rs 581 crore.

• Margin at 46.6% versus 47.5%.

• Net profit down 9.9% to Rs 347 crore versus Rs 385 crore.

Adani Total Gas (Q1, Consolidated YoY)

• Revenue up 27% to Rs 1,910 crore versus Rs 1,500 crore.

• Net profit at Rs 142 crore.

• Ebitda at Rs 293 crore.

• Gas procurement cost up 39% due to the West Asia conflict.

• Combined CNG and PNG volume up 13% to 303 MMSCM.

• Sold 323 MT of CBG during the quarter.

• PNG home connections increased to 11.41 lakh after adding 38,243 households.

• Industrial and commercial connections increased to 10,422 after adding 448 customers.

Bandhan Bank (Q1, YoY)

• Net interest income up 6% to Rs 2,921 crore versus Rs 2,758 crore.

• Net profit up 34.9% to Rs 502 crore versus Rs 372 crore.

• Gross NPA at 3.15% versus 3.27% (QoQ).

• Net NPA at 0.93% versus 0.97% (QoQ).

• Net interest margin flat at 6.2% (QoQ).

• Provisions at Rs 683 crore versus Rs 1,147 crore (YoY).

• Provisions at Rs 683 crore versus Rs 677 crore (QoQ).

• Appointed Vinay Jain as Interim CFO from Sept. 26.

TVS Holdings (Q1, Consolidated YoY)

• Total income up 33.9% to Rs 17,083 crore versus Rs 12,754 crore.

• Net profit up 81.9% to Rs 610 crore versus Rs 336 crore.

NIIT (Q1, Consolidated YoY)

• Revenue up 13.8% to Rs 96 crore versus Rs 84 crore.

• Net profit up 84.1% to Rs 8.1 crore versus Rs 4.4 crore.

Anthem Biosciences (Q1, Consolidated YoY)

• Revenue down 22.6% to Rs 418 crore versus Rs 540 crore.

• Ebitda down 21.3% to Rs 151 crore versus Rs 191 crore.

• Margin at 36% versus 35.4%.

• Net profit down 11.7% to Rs 120 crore versus Rs 136 crore.

Cyient DLM (Q1, Consolidated YoY)

• Revenue up 34.3% to Rs 374 crore versus Rs 278 crore.

• Ebitda up 56.4% to Rs 39 crore versus Rs 25 crore.

• Margin at 10.5% versus 9%.

• Net profit at Rs 16.3 crore versus Rs 7.5 crore.

MPS (Q1, Consolidated YoY)

• Revenue up 20.4% to Rs 224 crore versus Rs 186 crore.

• Ebitda up 53% to Rs 77 crore versus Rs 50 crore.

• Margin at 34.3% versus 27%.

• Net profit up 43% to Rs 50.4 crore versus Rs 35.2 crore.

Hatsun Agro Product (Q1, YoY)

• Revenue up 19.3% to Rs 3,091 crore versus Rs 2,590 crore.

• Ebitda down 2.8% to Rs 350 crore versus Rs 361 crore.

• Margin at 11.3% versus 13.9%.

• Net profit down 1.1% to Rs 134 crore versus Rs 135 crore.

• Re-appointed R. G. Chandramogan as Chairman.

• Re-appointed J. Shanmuga Priyan as Managing Director.

Aavas Financiers (Q1, YoY)

• Total income up 12.9% to Rs 709 crore versus Rs 628 crore.

• Net profit up 23.1% to Rs 171 crore versus Rs 139 crore.

Indian Hotels (Q1, Consolidated YoY)

• Revenue up 14.6% to Rs 2,339 crore versus Rs 2,041 crore.

• Ebitda up 16.8% to Rs 673 crore versus Rs 576 crore.

• Margin at 28.8% versus 28.2%.

• Net profit up 26.8% to Rs 376 crore versus Rs 296 crore.

Sunteck Realty (Q1, Consolidated YoY)

• Revenue up 1.7% to Rs 192 crore versus Rs 188 crore.

• Ebitda up 38.8% to Rs 67 crore versus Rs 48.3 crore.

• Margin at 35% versus 25.6%.

• Net profit up 26.4% to Rs 42.3 crore versus Rs 33.4 crore.

• Board approved a borrowing limit of Rs 2,250 crore.

Canara Robeco AMC (Q1, QoQ)

• Total income up 40.4% to Rs 146 crore versus Rs 104 crore.

• Net profit up 82.6% to Rs 75.6 crore versus Rs 41.4 crore.

Sagility (Q1, Consolidated QoQ)

• Revenue down 3% to Rs 1,963.5 crore versus Rs 2,024 crore.

• Ebit down 14% to Rs 310 crore versus Rs 360.5 crore.

• Margin at 15.8% versus 17.8%.

• Net profit down 15.9% to Rs 217 crore versus Rs 258 crore.

Mastek (Q1, Consolidated QoQ)

• Revenue up 5% to Rs 985 crore versus Rs 938 crore.

• Ebit up 0.6% to Rs 133 crore versus Rs 132 crore.

• Margin at 13.5% versus 14.1%.

• Net profit flat at Rs 106 crore.

Medplus Health Services (Q1, Consolidated YoY)

• Revenue up 21.8% to Rs 1,880 crore versus Rs 1,543 crore.

• Ebitda up 2% to Rs 133 crore versus Rs 131 crore.

• Margin at 7.1% versus 8.5%.

• Net profit down 21.5% to Rs 33.2 crore versus Rs 42.3 crore.

• Approved capex of Rs 155 crore in Hyderabad.

Trident (Q1, Consolidated YoY)

• Revenue up 4.7% to Rs 1,787 crore versus Rs 1,707 crore.

• Ebitda up 2.7% to Rs 300 crore versus Rs 292 crore.

• Margin at 16.8% versus 17.1%.

• Net profit up 12.9% to Rs 158 crore versus Rs 140 crore.

Gabriel India (Q1, Consolidated YoY)

• Revenue up 15.5% to Rs 1,426 crore versus Rs 1,234 crore.

• Ebitda up 5.1% to Rs 124 crore versus Rs 118 crore.

• Margin at 8.7% versus 9.6%.

• Net profit up 2% to Rs 107 crore versus Rs 105 crore.

• Approved issuance of shares worth Rs 1,881 crore to the holding company.

• Approved issuance of shares to the holding company at Rs 1,305.89 per share.

• Approved acquisition of a 29% stake in HL Mando ANAND from the holding company.

• Approved issuance of shares to the holding company for the HL Mando stake.

• South Korea’s Kospi gained 6.12%, while Japan’s Nikkei 225 rose 1.98% and Australia’s ASX 200 added 0.25%.
• Hong Kong’s Hang Seng fell 0.69%, while the Shanghai Composite declined 0.36%.

Brent crude rose for a fourth session to trade around $92 per barrel, while West Texas Intermediate climbed above $85. Prices gained as US President Donald Trump played down near-term talks with Iran and threatened broader strikes, raising risks to global oil supply.

The GIFT Nifty, an early indicator of Nifty 50's performance, traded at 24,125.50 compared to Tuesday's index close of 24,187.70.