Moneylife’s market breadth indicators have entered neutral territory this week. The trends of the major indices in the course of the week's trading are given in the table below:
News
UltraTech Cement moved closer to launching its wires and cables business in Q3FY26-27, having deployed nearly half of the ₹1,800 crore planned capital. The company built manufacturing and supply-chain capabilities near Bharuch (Gujarat). This venture aligned with its strategy to become a full building solutions-provider.
Sumeet Industries’ rights issue closed with a 1.75 times subscription, primarily driven by a 67% discount to market price, not company enthusiasm. The issue size was approximately ₹200 crore, aimed at balance sheet repair or working capital. Existing shareholders faced dilution, if they did not participate.
Godrej Agrovet inaugurated India’s first integrated palm oil complex in Telangana, investing ₹300 crore to boost domestic palm oil production. The complex integrated seed genetics, R&D, milling and refining. The mill had an initial capacity of 30TPH (tonnes per hour), expandable to 60TPH.
KPI Green Energy (KPI) commissioned 200MW (megawatt) of solar capacity at Khavda Solar Park for Coal India Limited, certified by the Gujarat Energy Development Agency. The 300MW project was ongoing, strengthening KPI’s presence in renewables. The company aimed for a 10GW (gigawatt) clean energy portfolio by 2030.
Kalyani Steels resumed operations at its Karnataka plant after conditional revocation of closure directions by the Central pollution control board. Compliance measures were reviewed and approved, with further conditions to fulfil. Production restarted at the Ginigera facility.
JSW Steel approved participation in the initial public offer (IPO) of JSW One Platforms Limited, offering up to ₹811 crore worth of equity shares as a promoter selling shareholder. The move expanded JSW's footprint beyond steel manufacturing. The IPO was part of JSW’s growth strategy.
HCL Technologies (HCL Tech) expanded its partnership with Guardian Life Insurance, acquiring Guardian India Operations for US$10.5mn (million). The seven-year deal focused on artificial intelligence (AI)-led modernisation and operational excellence in insurance. Nearly 2,000 Guardian India employees joined HCL Tech.
AstraZeneca Pharma India received CDSCO approval to market Benralizumab (Fasenra) for treating hyper-eosinophilic syndrome in patients aged 12+. The approval broadened its use beyond severe eosinophilic asthma in India. Commercial launch awaited further statutory approvals.
Gaudium IVF inaugurated a new fertility centre in South Extension (New Delhi), as part of its 19-centre expansion plan. The centre featured AI-powered embryology tools and standardised clinical protocols. The expansion aimed to meet rising demand for fertility services across India.
Adani Power signed a 25-year power supply agreement with Maharashtra to supply 1,600MW from a new 2x800MW ultra-supercritical thermal plant. The project secured coal linkage under the SHAKTI Policy. This supported Maharashtra’s long-term electricity demand and expanded Adani Power’s generation portfolio.
NHPC reported methane gas burst caused an explosion inside the head race tunnel at NHPC’s Teesta stage-4 hydroelectric project in South Sikkim on 20 July 2026, resulting in 10 confirmed deaths. Rescue operations continue for the remaining trapped personnel with support from multiple emergency agencies. NHPC is conducting an investigation and providing full support to victims’ families.
Patel Engineering reported a methane gas leak-triggered explosion at its Samardung Tunnel project in North Sikkim on 20 July 2026, trapping 25 personnel and causing casualties. Rescue efforts are underway in coordination with disaster response teams and local authorities. It has initiated an investigation and expressed condolences to affected families.
Choice International’s consulting subsidiaries secured government contracts worth ₹191.38 crore in Q1FY26-27 across sectors such as e-governance, infrastructure, and digital transformation. The orders span 23 assignments awarded by Central and state agencies. This reinforces the company’s leading role in public sector consultancy.
IndiGo signed a landmark memorandum of understanding (MoU) with CFM International for over 1,000LEAP-1A (high-bypass turbofan jet engine) to power 510 Airbus A320 neo family aircraft, marking the largest order for these engines. The agreement includes support for IndiGo’s upcoming engine maintenance and overhaul facility.
Glenmark Pharmaceuticals received US food and drug administration (US FDA) approval for expanded use of its RYALTRIS nasal spray in children aged six to under 12 years for seasonal allergic rhinitis. The approval was based on a phase-3 trial demonstrating safety and efficacy. This broadens treatment options in the US paediatric market.
PNB Housing Finance disclosed a ₹421.81 crore fraud involving borrower Happy Home Corporation related to credit facilities from 2016 to 2021. The fraud has been written off, causing no financial impact on the company. Legal action is planned, and regulatory compliance has been maintained.
Ambuja Cements received an NCLT (national company law tribunal) order to hold a shareholders’ meeting on 28 September 2026, to discuss the proposed amalgamation with Orient Cement. The meeting will be conducted via video conferencing. This step advances the ongoing merger process between the two companies.
Authum Investment and Infrastructure's income-tax (I-T) department commenced a search and seizure operation at its offices, with the company cooperating and promising updates on impact.
Bharat Forge signed an MoU with FLYING WHALES to develop advanced heavy-lift airships for defence, supporting India's strategic aerospace capabilities and the ‘Make in India’ initiative.
Zen Technologies secured a ₹180 crore defence order, expanding its strong order-book and drone propulsion capabilities, reinforcing its position in indigenous defence procurement.
Communications minister Jyotiraditya Scindia stated no new restructuring plan was under consideration for MTNL (Mahanagar Telephone Nigam Limited), emphasising asset monetisation against liabilities of around ₹40,000 crore.
Paras Defence’s subsidiary Paras Semiconductors signed an MoU with Madhya Pradesh state electronics development corporation to develop an advanced ₹6,200 crore integrated circuit packaging facility in Indore-Ujjain.
Intellect Design Arena partnered with a Sharjah-based bank to deploy its eMACH.ai transaction-banking platform, enhancing the bank’s digital corporate banking capabilities across the United Arab Emirates (UAE).
Qatar Energy prepared to extend LNG (liquefied natural gas) supply force majeure until mid-October 2026, impacting global markets and Indian importers amid regional tensions and rising spot prices.
Sona BLW Precision Forgings signed joint ventures (JVs) with Japan’s DENSO to develop electric and hybrid powertrain systems, leveraging India’s manufacturing for global markets with ₹175 crore enterprise value for one JV.
TVS Motor Company launched its TVS Raider motorcycle in Egypt, targeting young urban riders as part of its North African expansion strategy.
Oracle Financial Services Software reported a 68.2% sequential net profit rise to ₹1,416 crore and 51.3% revenue growth to ₹3,125 crore in Q1FY26-27, alongside a leadership change.
Zydus Lifesciences received approval for a 203-day phase-3 trial of desi dustat for sickle cell disease anaemia, building on positive phase-2 results and US FDA orphan drug designation.
Bondada Engineering received CEA (Central electric authority) approval for energising a 300MW solar power project in Gujarat, reinforcing its position in India’s utility-scale renewable energy EPC (engineering-procurement-construction) sector.
Orders
Zen Technologies secured a ₹180 crore defence order, boosting its portfolio in defence training simulators and anti-drone systems. The company ended FY25-26 with a record order-book of ₹1,336 crore. This contract aligns with India’s focus on indigenous defence procurement.
Bondada Engineering secured a contract from NTPC Renewable Energy Limited to build India's largest 100MWh (megawatt-hour) Vanadium Redox Flow battery energy storage system (BESS) in Gujarat. The project was to be completed within 10 months and showcased advanced long-duration energy storage tech. VRFB offered long life and lower operating costs compared to lithium batteries.
PTC Industries won a contract from BrahMos Aerospace to develop and supply a strategic missile sub-system, marking its entry into systems integration. The project demanded advanced manufacturing and high precision. This expanded its aerospace and defence manufacturing capabilities.
PNC Infratech signed concession agreements with NHAI for two highway projects in Uttar Pradesh totalling ₹3,483 crore under the hybrid annuity mode (HAM). Projects involved four-lane highway construction with a 24-month build period and 15 years operation. This expanded PNC’s road infrastructure portfolio.
Suzlon Energy secured a 201.6MW wind energy order from Waaree Forever Energies, supplying 64 turbines and managing EPC and O&M (operations & maintenance) services in Andhra Pradesh.
Mergers/ Acquisitions / Fund-raise / Stake Sale
United Spirits invested ₹2.69 crore for a 10.08% stake in Nuvola Spirits Private Limited, boosting its presence in the premium craft beverage segment.
Zaggle Prepaid Ocean Services invested ₹7.96 crore for a 19.9% stake in fin-tech firm Unobanc via preferential shares, aiming to expand its digital payments ecosystem presence.
Samvardhana Motherson International completed acquisition of controlling 81% stake in Yutaka Giken Co, Ltd., enhancing its automotive-components portfolio and global reach.
Adani Power's board approved increasing its borrowing limit from ₹75,000 crore to ₹1,00,000 crore, signalling plans for capital expenditure (capex) or acquisitions, though no immediate borrowing was disclosed.
HFCL's board approved a ₹215 crore investment to set up a data centre connectivity products manufacturing facility, aiming to capitalise on AI and data centre demand, with commissioning expected by September 2027.
Jammu & Kashmir Bank signed an agreement to sell its 0.50% stake in PNB MetLife for ₹120.10 crore to MetLife International Holdings. The sale involved 1.02 crore shares at ₹117.20 each and was not a related-party transaction. The agreement included no special rights beyond share transfer.
Aurum Proptech agreed to acquire 100% of Locon Solutions, owner of Housing.com, for ₹458.06 crore via an all-share deal. Post-transaction, REA India became Aurum’s largest non-promoter shareholder. The acquisition integrated real estate listings with Aurum’s ecosystem to build an AI-driven platform.
NLC India issued ₹150 crore in commercial paper on 20 July 2026, to enhance liquidity and manage financial operations efficiently. The move complies with SEBI’s (Securities and Exchange Board of India’s) regulatory framework for listed companies. NLC India continues to focus on sustainable growth in mining and power sectors.
Zaggle approved an investment of up to ₹7.97 crore to acquire a 19.9% stake in Unobanc Private Limited, a digital cross-border payments company. The acquisition aims to expand Zaggle’s capabilities in foreign exchange and remittance services. The deal is subject to regulatory approvals and expected to conclude within 90 days.
TVS Motor allotted 50,000 senior unsecured non-convertible debentures (NCDs) worth ₹500 crore at a 7.30% coupon rate with a 36-month tenure. The issue was completed through private placement and will be listed on the National Stock Exchange (NSE). Interest payments are scheduled annually starting July 2027.
Earnings
Arvind Fashions achieved 15.5% revenue growth to ₹1,279 crore in Q1FY26-27, driven by improved sales across segments. However, profit after tax (PAT) declined to ₹10 crore from ₹13 crore, due to lower other income.
Granules India reported a 22% year-on-year (y-o-y) revenue increase to ₹1,476.8 crore and a 60% rise in net profit to ₹180 crore for Q1FY26-27. EBITDA margin stood at 23%, supported by geographic and product diversification.
Atlanta Electricals posted a 50.5% y-o-y increase in net profit to ₹46.84 crore for Q1FY26-27. Revenue from operations grew 48% to ₹466.33 crore in the same period.
Karur Vysya Bank reported a stand-alone net profit of ₹755.70 crore for Q1FY26-27, up 44.9% y-o-y, driven by strong interest income growth and reduced provisions. Total income rose 15.8% to ₹3,491.21 crore. Asset quality remained stable, with a gross NPA (non-performaing assets) ratio of 0.74%.
E2E Networks reported a 334% y-o-y revenue increase to ₹156.8 crore in Q1FY26-27, driven by the launch of its B200 AI cloud GPU cluster. EBITDA (earnings before interest, taxes, depreciation and amortisation) margin expanded to 75.2%, with net profit rising to ₹43.9 crore. It is investing in GPU capacity expansion and organisational capabilities to meet AI ecosystem demands.
Mahindra Holidays & Resorts India posted a net loss of ₹8.66 crore in Q1, compared to a net profit last year, despite 4.5% y-o-y revenue growth to ₹732.81 crore; EBITDA declined 7.9% y-o-y to ₹112.80 crore.
TIPS Music reported ₹106.51 crore revenue in Q1, up 20.9% y-o-y and 2.5% sequentially; net profit fell 4.7% y-o-y and 26% sequentially to ₹43.70 crore, with content costs more than doubling y-o-y to ₹39.95 crore.
NACL Industries consolidated revenue fell 14.5% y-o-y to ₹383.33 crore, while net profit rose 59.8% y-o-y to ₹20.84 crore; EBITDA increased 8.6% y-o-y to ₹41.41 crore.
HFCL consolidated revenue surged 119.9% y-o-y to ₹1,914.98 crore, with PAT up from a loss to ₹245.64 crore; EBITDA rose sharply y-o-y to ₹414.12 crore, up 5% sequentially.
Tata Communications’ net profit declined 29.3% y-o-y to ₹134.23 crore, despite 10.4% y-o-y revenue growth to ₹6,582.82 crore; EBITDA rose 8.2% y-o-y but margin narrowed.
Tata Teleservices (Maharashtra) reported 6.1% y-o-y revenue growth to ₹301.57 crore and narrowed losses, with total expenses down 0.4% y-o-y.
Jubilant Ingrevianet profit rose 40.9% y-o-y to ₹105.82 crore on 25.3% y-o-y revenue growth to ₹1,300.27 crore; EBITDA margin expanded to 15.45%.
Smartworks Coworking Spaces posted ₹13 crore net profit in Q1, reversing a y-o-y loss, with revenue up 44% y-o-y to ₹546 crore; EBITDA grew 43.5% y-o-y to ₹346 crore.
JSW Energy reported 1.2% y-o-y revenue growth to ₹5,207 crore and 3% y-o-y EBITDA rise to ₹2,873 crore; net profit fell 36.6% y-o-y to ₹471 crore.
IndusInd Bank (+0.55%) net profit rose 46.5% y-o-y to ₹1,003 crore; NII (net interest income) and operating profit also improved, with better asset quality and margins.
Dr Reddy’s Laboratories’ net profit plunged 68.7% y-o-y to ₹444 crore on 5.5% y-o-y revenue decline to ₹8,100 crore; EBITDA margin contracted to 10.6%.
SRF (-2.44%) posted 75.7% y-o-y net profit growth to ₹759 crore on 31.8% y-o-y revenue increase to ₹5,033 crore; EBITDA margin improved to 24.6%.
Bharat Petroleum Corporation reported a net loss of ₹3,962 crore, better than expected; revenue rose 18.2% sequentially to ₹1.51 lakh crore, despite an EBITDA loss of ₹4,077 crore.
Infosys consolidated net profit fell 8.6% y-o-y to ₹7,769 crore, revenue rose 3.9% to ₹48,211 crore; EBIT margin improved to 21.08%.
Motilal Oswal Financial Services posted net profit of ₹1,273 crore versus loss last year; total income increased 27% y-o-y to ₹3,432 crore.
Sona BLW Precision Forgings’ net profit rose 44.7% y-o-y to ₹180 crore, revenue was up 54% to ₹1,310 crore; EBITDA margin was slightly down to 23.1%.
NIIT Learning Systems’ net profit increased 16.4% y-o-y to ₹57.4 crore, revenue grew 25.2% to ₹565 crore; EBITDA margin contracted to 16.4%.
Thyrocare Technologies’ net profit rose 34% y-o-y to ₹52.2 crore, revenue increased 24.3% to ₹240 crore; EBITDA margin expanded to 32.2%.
Solara Active Pharma’s net profit grew 55% y-o-y to ₹16.3 crore, revenue up 19.7% to ₹382 crore; EBITDA margin narrowed to 16.4%.
Ujjivan Small Finance Bank’s net profit more than tripled y-o-y to ₹316.54 crore; total income rose 22% to ₹2,280.93 crore; provisions declined.
Novartis India’s net profit increased 16.6% y-o-y to ₹32.2 crore, revenue was up 18.6% to ₹103.8 crore; EBITDA margin improved to 33.6%.
Vishal Mega Mart’s net profit rose 25.6% y-o-y to ₹258.8 crore, revenue increased 18.7% to ₹3,727 crore; EBITDA margin was stable at 14.6%.
PVR INOX’s net profit swung to ₹56.5 crore from loss; revenue rose 11.9% y-o-y to ₹1,622.20 crore; EBITDA margin improved to 32.6%.
Cipla’s net profit declined 39.2% y-o-y to ₹789 crore, revenue rose 2.3% to ₹7,119 crore; EBITDA margin contracted to 16.7%.
United Spirits’ profit from continuing operations fell 7.8% y-o-y to ₹237 crore; revenue grew 6.2% to ₹6,122 crore; EBITDA margin narrowed to 15.84%.
Oracle Financial Services Software’s net profit rose 68.2% y-o-y to ₹1,416 crore, revenue up 51.3% to ₹3,125 crore; EBIT (earnings before interest and taxes) margin expanded to 59.6%.
Shoppers Stop’s net loss narrowed; revenue increased 11.2% y-o-y to ₹1,291 crore; EBITDA margin declined slightly to 14.5%.
UCO Bank’s net profit increased 8% y-o-y to ₹656.3 crore; net interest income rose 17% to ₹2,808 crore; asset quality improved.
Wendt India’s consolidated revenue rose 36.6% y-o-y to ₹71.28 crore, profit increased 63.5% y-o-y to ₹6.18 crore; profit before tax up 61.7% to ₹8.94 crore.
Welspun Corp consolidated revenue grew 14.9% y-o-y to ₹4,081.12 crore, net profit surged 200% y-o-y to ₹ 1,047.88 crore; EBITDA margin expanded to 16.96%.
Hindustan Zinc consolidated revenue rose 76.9% y-o-y to ₹13,747 crore, net profit increased 144.8% Y-o-y to ₹5,469 crore; EBITDA margin improved to 58.56%.
WPIL Ltd net profit rose 51% y-o-y to ₹33.89 crore, revenue grew 32% y-o-y to ₹500.54 crore; EBITDA margin improved to 15.04%.
ZF Commercial Vehicle Control Systems’ net profit declined 14.6% y-o-y to ₹104.5 crore, revenue increased 9.3% y-o-y to ₹1,066.2 crore; EBITDA margin narrowed to 12.9%.
Dr Lal PathLabs’ net profit increased 28% y-o-y y to ₹169.5 crore, revenue grew 19% y-o-y to ₹797.7 crore; EBITDA margin improved to 31.0%.
Greenply’s net profit rose 32% to ₹37.52 crore, revenue grew 21% y-o-y to ₹724.89 crore; EBITDA margin improved to 10.8%.
Rama Phosphates’ revenue increased 18.1% y-o-y to₹224.80 crore, profit rose 6.4% y-o-y to ₹17.06 crore; EBITDA margin narrowed to 12.41%.
LMW Limited’s revenue grew 24.5% y-o-y to₹853.30 crore, net profit surged 170% y-o-y to ₹66.01 crore; EBITDA margin expanded to 8.8%.
Sapphire Foods’ net profit turned positive at ₹14 crore from loss, revenue increased 14.7% y-o-y to₹890.9 crore; EBITDA margin was up to 15.68%.
V-Mart Retail’s net profit rose 41% y-o-y to ₹47.2 crore, revenue increased 23% y-o-y to ₹1,088.8 crore; EBITDA margin improved to 14.8%.
Dalmia Bharat revenue grew 7% y-o-y to₹3,890 crore, net profit declined 51.4% y-o-y to ₹192 crore; EBITDA margin narrowed to 20.7%.
APAR Industries’ revenue increased 29.1% y-o-y to ₹6,591.06 crore, net profit rose 77.8% y-o-y to ₹467.45 crore; EBITDA margin expanded to 11.5%.
Acutaas Chemicals revenue rose 56.5% y-o-y to ₹322.41 crore, profit increased about 70% y-o-y to ₹75.90 crore; EBITDA margin expanded to 34.30%.
ZF Steering Gear’s net profit declined 14.6% y-o-y to ₹104.5 crore, revenue rose 9.3% y-o-y to ₹1,066.2 crore; EBITDA margin narrowed to 12.9%.
Rajratan Global Wire’s net profit rose 70.4% y-o-y to₹23 crore, revenue increased 29% y-o-y to ₹318 crore; EBITDA margin improved to 13.1%.
ACC Limited’s revenue declined 7.8% y-o-y to₹5,790 crore, net profit fell 60.9% y-o-y to ₹147 crore; EBITDA margin narrowed to 7.9%.
Laurus Labs’ revenue grew 29.1% y-o-y to ₹2,026.31 crore, net profit increased 125.5% y-o-y to ₹367.60 crore; EBITDA margin improved with cost efficiency.
SBI Life Insurance’s net profit rose 22% y-o-y to ₹724.93 crore, net premium income increased 16.8% y-o-y to ₹20,078.21 crore; profit before tax was up to ₹745.87 crore.
Rattan India Power revenue fell 2.8% y-o-y to ₹798.55 crore, profit turned positive at ₹45.85 crore from loss; EBITDA declined 1.4%.
CG Power and Industrial Solutions revenue rose 14% y-o-y to ₹3,280.81 crore, net profit increased 16.3% y-o-y to ₹313.01 crore; EBITDA margin narrowed to 12.11%.
Ramkrishna Forgings revenue increased 19.8% y-o-y to ₹1,216.67 crore, profit rose close to 298% y-o-y to ₹46.88 crore; EBITDA margin expanded to 17.96%.
Atul’s revenue grew 25% y-o-y to ₹1,847.95 crore, profit increased 91.8% y-o-y to ₹253.93 crore; EBITDA margin rose to 21.3%.
Top gainers and losers of the major indices for the week are given in the table below:
