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Indian equities outperformed regional peers on Friday, with gains in Reliance Industries, HDFC Bank, ICICI Bank, Infosys and SBI helping the Nifty 50 trade higher even as Asian markets fell on renewed weakness in global technology shares.
CEAT shares dropped nearly 9.5% after the tyre maker reported a sharp decline in Q1FY27 profit as margin pressure outweighed strong revenue growth. The company also approved a Rs 1,205 crore investment to expand capacity at its Nagpur plant.
Tata Technologies will announce its Q1 FY27 results today. Investors will watch revenue, margins, deal wins, management commentary and outlook.
BHEL shares rose over 2% to Rs 443.90 after Q1 results, outperforming NSE Nifty 50; the stock has gained over 74% in 12 months, with mixed analyst ratings and a consensus price target below current levels.
Tech Mahindra's net profit rose 8.2% quarter-on-quarter (QoQ) to Rs 1,465 crore, as against Rs 1,354 crore in the previous quarter (Q4FY26).
In an interview to NDTV Profit, Wipro's top management said the company had deliberately lowered utilisation to build capacity for upcoming deals, even as it played down the prospect of a sharp rise in hiring given a muted demand environment.
BHEL Q1 Review: Brokerages welcomed stronger execution but remained divided on whether the performance can be sustained.
Execution pace to continue for the next few quarters, order book conversion given the 7.2x book-to-bill, sustainability of the power segment margin improvement into H2 FY27, scale-up of the non-thermal order book (nuclear, defence, transmission) into revenue, adds the brokerage.
Reliance Industries will announce its Q1 FY27 results today. Track earnings timing, analyst expectations, dividend updates and key metrics to watch.
Shares of Wipro fell as much as 2.36% intraday to Rs 173.55, before trading around Rs 174.32, down nearly 2%, even as several large-cap IT peers traded higher. Infosys, Tech Mahindra, TCS gained by over 2%, followed by LTM, HCLTech,and Coforge.
