India’s benchmark indices, the Sensex and the NIFTY, continued their downward trajectory, closing lower for the second straight session and reaching month-long lows. The Sensex dropped 720 points to 81,463, while the NIFTY slipped 1% to 24,837, marking its fourth consecutive week of losses, amid sustained sector-wide selling pressure. Foreign institutional investors’ (FII’s) selling intensified the decline.
After an extended period of bullish momentum, Moneylife’s Market Breadth Indicators stayed in neutral territory over the past week. There was a persistent drop in the count of stocks trading above their 20-, 50-, and 200-day EMAs , indicating waning internal strength and limited sector-wide participation. Although not overtly bearish, the pattern was highlighting growing caution. This weakening breadth was echoed by the sideways movement in benchmark indices, reinforcing the broader sentiment shift. Broad-based weakness was driven by muted earnings, sluggish global trends and stretched valuations in large-caps. FIIs’ sizeable short positions added to the pressure, while domestic inflows moderated following recent strength. Investor sentiment stayed fragile, weighed down by unresolved US-India tariff discussions and the European Central Bank’s (ECB’s) decision to delay rate cuts until trade-driven inflation risks become clearer.
The Asian Development Bank (ADB) trimmed its gross domestic product (GDP) growth forecast to 6.5% (from 6.7%). Similarly, India Ratings & Research also slightly lowered its FY25-26 projection to 6.3% (from 6.6%).
Credit growth remained tepid at 9.4%, its lowest since March 2024. This slowdown, where deposits outpaced loan demand, is indicative of companies increasingly turning to capital markets for cheaper funds, bypassing traditional bank lending. In the highly competitive home loan segment, public sector undertakings (PSUs) and housing finance companies (HFCs) intensified their offensive, offering more attractive interest rates than private banks (e.g., Union Bank, Bank of Maharshtra at 7.35% vs HDFC Bank, ICICI Bank at 8.00%), thereby putting significant pressure on private lenders. Simultaneously, credit card additions fell into negative territory for the first time since the pandemic, a phenomenon partly attributable to the Reserve Bank of India’s (RBI’s) directives on deactivating inactive cards (unused for 365 days or more). The capital markets, however, showed vigour, with India's initial public offering (IPO) pipeline swelling significantly, featuring Rs1.15 lakh crore in approved IPOs and another Rs1.43 lakh crore awaiting approval, including new-age businesses like Meesho and PhonePe.
Global Trade & Geopolitics: New Alliances and Old Animosities
A landmark moment for India's trade ambitions arrived with the official signing of the free trade agreement (FTA) between India and the United Kingdom (UK) on Thursday. This pivotal deal, hailed as a significant victory for both nations, is poised to double bilateral trade to £100bn (billion) by 2030. India has secured substantial gains, notably with 99% of its goods exports to the UK gaining duty-free access, encompassing critical labour-intensive sectors such as textiles, footwear and marine products (e.g., shrimp, tuna), which previously faced tariffs as high as 4%-16%. This provides a significant competitive edge for Indian exporters against rivals like Bangladesh and Vietnam. In return, India will implement phased tariff reductions on key UK goods.
Specifically, duties on Scotch whisky and gin will drop from 150% to 75% immediately, further declining to 40% over 10 years, potentially making these beverages more affordable in India. For the automotive sector, India has for the first time offered tariff concessions on imported cars, with duties set to fall to 10% under a quota system over 15 years, opening a new market for premium British vehicles. The agreement also streamlines processes for Indian professionals, providing assured short-term access for skilled workers like yoga instructors and chefs, and exempting Indian workers from UK social security payments for up to three years, saving approximately Rs4,000 crore annually.
While the deal represents a massive step forward, particularly for India's farm and processed food exports (with over 95% of tariff lines becoming duty-free), some experts note that mere tariff elimination doesn't guarantee export gains, emphasising the need for Indian industries to enhance their overall competitiveness, quality and supply-chain efficiency, especially against entrenched players like China and Bangladesh in the UK market. This decisive agreement stands in sharp contrast to the ongoing trade frictions between the US and the European Union (EU), where tariffs and retaliatory measures continue to dominate the discourse.
This bilateral warmth contrasted sharply with intensifying transatlantic trade frictions. The EU is now actively preparing retaliatory tariffs, threatening duties of up to €72bn on US goods from 1st August, if a broader trade deal falters. This follows the US threat of a 30% tariff on EU steel, auto and pharma products. In a parallel move, the US secured a trade pact with Japan, setting a 15% tariff on auto imports and pledging a joint venture (JV) for liquefied natural gas (LNG) exports, targeting US$550bn in investment. Further complicating the picture, Indonesia strategically agreed to eliminate tariffs on nearly 99% of US goods.
The critical minerals sector remained a geopolitical flashpoint. Despite proposed US tariffs of 93.5% on Chinese graphite—a crucial electric vehicle (EV) battery material—China's exports of rare earth magnets to the US surged by 660% in June, highlighting the intricate dynamics between trade policy and market demand. India announced the resumption of tourist visas for Chinese citizens, a tentative step towards repairing strained bilateral ties.
Sectoral News
India's electronics exports surged by a remarkable 47% in Q1 FY26 to US$12.41bn, with the US, UAE and China emerging as top destinations, cementing India's growing role as an alternative manufacturing hub. The government's openness to Chinese investments through technology transfer JVs further aims to deepen local production capabilities. Complementing this, Japanese air-conditioner giant Daikin opened a global capability centre (GCC) in Gurugram, aiming to make India a global production and export hub for air-conditioners, initially targeting Africa, South America and neighbouring countries.
The automotive industry, despite facing sales slowdowns and persistent supply-chain issues, exhibited robust stock market performance. Foreign portfolio investors (FPIs) injected a significant US$553mn into auto stocks in June alone. Companies like Hyundai Motor India and Mahindra and Mahindra saw substantial stock gains (over 26%-27% in three months), propelled by strong demand for sports utility vehicles (SUVs) and multi-purpose vehicles (MPVs), reflecting a pervasive premiumisation trend in the market. The share of cars below Rs10 lakh dipped to 51.4% (from 55.4% in the previous year), while those in the Rs10 lakh-Rs19.9 lakh range grew to 39.2%.
The IT sector is navigating a complex landscape of artificial intelligence (AI) adoption and cautious hiring. While the top-5 IT firms (TCS, Wipro, HCLTech, Tech Mahindra, Infosys) collectively boast over 250,000 employees with advanced AI skills, demonstrating a rapid push towards outcome-driven AI, the hiring pipeline is less rosy. Tier-1 IT firms, excluding TCS and Infosys, have reportedly reduced fresher hiring by 30%-40%, aiming for a leaner 10%-15% of their total workforce. This contrasts sharply with pre-pandemic levels when freshers comprised 30%-40% of hires. TCS itself faced criticism for delayed on-boarding of over 600 lateral hires, prompting intervention from the Nascent Information Technology Employees Senate (NITES).
In manufacturing and infrastructure, Indian companies are demonstrating notable efficiency gains, significantly shrinking their work-in-progress (WIP) cycles from 23.4 days in FY14-15 to 14.2 days in FY24-25, driven by improved logistics, infrastructure, and the pervasive adoption of AI, according to Centre for Monitoring Indian Economy (CMIE).
Top companies are partnering to rewire industrial training institutes (ITIs) to skill 2mn youths. This comprehensive initiative, involving major players like ArcelorMittal Nippon Steel, JSW group, Vedanta and Tata group, aims to revamp 1,000 ITIs under a Rs30,000 crore Central scheme, focusing on high-demand sectors like electrical and electronics, renewable energy and automotive, with states like Gujarat and Uttar Pradesh leading the charge.
The ministry of education (MoE) is drafting a bill for a unified higher education commission of India (HECI) to enhance quality and transparency, while the government actively seeks inputs for the 8th Pay Commission to revise salaries and allowances for 6.5mn Central employees and pensioners. RBI's initiative to share index of industrial production (IIP) inputs with ministries aims to enhance policy responsiveness and ensure economic data informs decision-making more effectively.
The trends of the major indices in the course of the week's trading are given in the table below:
News
RITES signed an MoU (memorandum of understanding) with CMPDI (Central Mine Planning and Design Institute), a Coal India subsidiary, to jointly pursue mining, renewable energy and infrastructure projects in domestic and international markets. The partnership aims to leverage RITES' infrastructure expertise and CMPDI's mining capabilities for feasibility studies, consultancy work and workforce development programs.
Waaree Renewable Technologies received a cancellation notice for its participation in a 125MWAC (Megawatts of Alternating Current) solar engineering-procurement-construction (EPC) project awarded by Assam Power Distribution Company (APDCL). The termination followed the government of Assam’s withdrawal of ADB loan funding, rendering the project financially unviable. Originally signed on 11 March 2025, the contract included EPC and operation & maintenance (O&M) services, with an 18-month execution timeline.
Gujarat Heavy Chemicals (GHCL) received approval on from the Gujarat industries and mines department to renew its Khadsaliya lignite mines lease for 20 years, valid until December 2043. The lease spans 171 hectares in Bhavnagar district and supports GHCL’s plan to develop a composite mining operation, combining lignite extraction with secondary minerals like bentonite and sand. This follows a Rs950-crore MoU signed in December 2023 and aligns with the company’s sustainability and circular economy goals.
Sun Pharma reported positive top-line results from its phase-3 INSPIRE-1 and INSPIRE-2 trials evaluating ILUMYA® (tildrakizumab 100mg) for active psoriatic arthritis (PsA). Both studies met their primary endpoint, with a statistically significant proportion of patients achieving ACR20 responses at week 24 versus placebo. INSPIRE-1 included patients previously treated with anti-TNF agents, while INSPIRE-2 focused on anti-TNF naïve individuals. Safety outcomes were consistent with ILUMYA’s established profile in plaque psoriasis, with no new safety signals identified.
HCL Software, the software division of HCL Technologies (-1.19%), signed an MoU with the Swiss network in India to join the Indo-Swiss Innovation Platform, launched under the TEPA (technology enhanced partnership agreement) framework. The partnership targets citizen-centric digital transformation across Government Technology (GovTech) domains such as e-governance, healthcare, ed-tech, agri-tech and sovereign collaboration. HCL Software will contribute its enterprise platforms and XDO Blueprint to co-develop scalable public sector solutions.
L&T Energy GreenTech (LTEG), a wholly-owned subsidiary of Larsen & Toubro (+1.10%), announced that it will build India’s largest green hydrogen plant at IOCL’s Panipat Refinery. The facility will operate on a build-own-operate (BOO) model and supply 10,000 tonnes of green hydrogen annually for 25 years, using renewable energy and high-pressure alkaline electrolysers manufactured at L&T’s Hazira plant.
Sona Comstar signed a binding term sheet on to form a US$20mn JV in China with Jinnaite Machinery (JNT), targeting driveline systems for automotive OEMs. Sona will invest US$12mn for a 60% stake, while JNT will contribute US$8mn in assets and business for the remaining 40%. The JV is expected to commence operations in H2FY25-26, fulfilling existing orders from EV and non-EV customers.
The enforcement directorate (ED) filed a complaint against Myntra Designs and affiliated entities for allegedly violating FEMA (Foreign Exchange Management Act) provisions by routing Rs1,654.35 crore in foreign direct investment (FDI) through a structure resembling multi-brand retail trade which is restricted under Indian law. The agency claimed Myntra bypassed FDI norms by channelling nearly all wholesale transactions through a related party, contravening limits on intra-group sales.
Surya Roshni secured a Rs74.78-crore domestic order from Construction & Infrastructure Development Co for MS spiral coated pipes, with execution scheduled over 24 weeks in Gujarat. The company confirmed the transaction was on an arm’s length basis, non-related-party in nature, and compliant with securities and Exchange Board of India (SEBI) ((Listing Obligations and Disclosure Requirements) Regulations—LODR) norms.
Natco Pharma received an establishment inspection report (EIR) from the US food and drug administration (US FDA) for its Mekaguda active pharmaceutical ingredient (API) facility in Hyderabad, following a June 2025 inspection that resulted in one Form 483 observation classified as ’voluntary action indicated’. The EIR confirms closure of the inspection process, with no regulatory action required.
Westlife Foodworld launched a 100% vegetarian ‘Protein Plus Slice’ in collaboration with CSIR-CFTRI (Council of Scientific and Industrial Research - Central Food Technological Research Institute), adding 5g of protein to any McDonald’s burger across west and south India. The initiative supports personalised nutrition under the ‘Real Food, Real Good’ programme and expands McDonald’s protein-rich offerings with customisable meals.
Bikaji Foods International entered a 50:50 JV with Nepal’s Chaudhary group to locally manufacture and market its ethnic snack portfolio, including bhujia, namkeen, papad and sweets. The partnership targets Nepal’s fast-growing fast moving consumer goods (FMCG) sector and includes phased capital investment to build a production facility aimed at improving supply-chain efficiency and market responsiveness.
Minda Corporation partnered with Qualcomm Technologies to co-develop smart cockpit domain controllers using the Snapdragon® Cockpit Platform for India's automotive sector. The collaboration targets enhanced in-vehicle experiences through AI-driven interfaces, multi-display integration and cloud connectivity, supporting the transition to software-defined vehicles.
Biocon Biologics launched Nepexto®, a biosimilar to Enbrel® (Etanercept), in Australia through its local partner Generic Health, targeting improved access for patients with autoimmune conditions. The product had prior EU approval and is part of Biocon’s strategy to expand its immunology portfolio across global markets.
Indoco Remedies received EU GMP (good manufacturing practice) compliance certification for its sterile drug product facility at Goa plant-2, confirming adherence to European regulatory standards. The certification announced is expected to strengthen Indoco’s export capabilities in regulated markets and reinforces its commitment to global quality benchmarks.
Satin Creditcare Network (SCNL) launched a women-led, micro, small and medium enterprises (MSME)-focused category-2 Alternative Investment Fund (AIF) to provide debt capital to underserved enterprises in rural and semi-urban India. With an all-women board and investment team, the fund targets sectors such as agri-tech, health-tech, education, and manufacturing, aligning with SCNL’s ESG mission and inclusive finance strategy.
VA Tech Wabag secured a US$272mn (Rs2,332 crore) international order from the Saudi Water Authority to build a 300MLD (million litres per day) seawater desalination plant in Yanbu (Saudi Arabia). The greenfield SWRO (seawater reverse osmosis) project includes full EPC scope and is scheduled for completion within 30 months from the effective date.
Rail Vikas Nigam signed an MoU with Ali Mirza group in Oman to support business development, market research and company representation in the region. The agreement is part of RVNL’s strategy to expand its international presence and explore infrastructure opportunities in the Middle East.
Hyundai Motor India received Rs517.34 crore demand and penalty order from the CGST (central goods and services tax department)( Tamil Nadu), for alleged short payment of GST compensation cess on SUV (sport utility vehicle) models sold between September 2017 and March 2020. The company stated that the order has no current financial or operational impact and intends to appeal, citing supportive CBIC (central board of indirect taxes and customs) clarifications.
Vedanta was declared the preferred bidder for the Janthakal iron ore mine in Karnataka following a competitive e-auction process initiated by the state’s department of mines & geology. The 71.16-hectare G3-level block will be awarded subject to Vedanta fulfilling tender conditions, securing regulatory approvals and executing requisite agreements.
Godavari Biorefineries, through its biotech division Sathgen Therapeutics, received a Chinese patent on for its anti-cancer molecule hydroxy-1,4-naphthalenedione. The patented compound belongs to a novel class of molecules that demonstrated strong inhibitory effects on cancer and cancer stem cells in vitro, with promising efficacy against breast and prostate cancer. This marks the company’s second international patent win in July, following European validation earlier in the month.
Siemens Energy India received an adverse ruling from the St. Petersburg arbitration court, which invalidated a disputed supply contract and ordered payment of Rs443.76 million plus 8% annual interest from 30 May 2025. The dispute originated from a terminated 2020 contract with SE Russia, and the litigation was transferred to Siemens Energy India following its demerger from Siemens Limited. The company plans to appeal, citing legal and contractual grounds.
Vardhman Textiles commenced commercial production of 17,000 spindles as part of its previously announced capital expenditure (capex) plan, reinforcing its manufacturing scale-up strategy. In Q1FY25-26, the company posted 3% year-on-year (y-o-y) revenue increase to Rs2,385.66 crore, but net profit declined 13% to Rs207.68 crore due to margin pressure from rising expenses.
Orders
Titagarh Rail Systems received a letter of advance (LoA) acceptance from the ministry of railways for a Rs312.69 crore domestic contract to supply 780BVCM-C (bogie vacuum cum manual - c type) wagons. The project is slated for completion within nine months and involves no related-party transactions or promoter group interests.
Inox Wind secured a 51MW (Megawatt) order from First Energy, a Thermax group company, marking their first collaboration in the commercial and industrial renewable energy segment. The project in Tamil Nadu will deploy 3MW wind turbines and include limited-scope EPC and multi-year O&M services through Inox Wind’s subsidiaries.
BL Kashyap and Sons secured two domestic civil construction contracts: a Rs152-crore order from Embassy Development for a Bengaluru project to be completed in 18 months, and a Rs910-crore order from BPTP (Bharti Palms Township Private Limited) for residential infrastructure in Gurugram, scheduled over 36 months. Both transactions were confirmed as arm’s-length and non-related-party in nature.
Larsen & Toubro buildings & factories vertical secured large orders valued between Rs2,500 crore and Rs5,000 crore across India and Oman. Key projects include the Andhra Pradesh Secretariat and 21 residential towers in Amaravati, luxury high-rise towers in Mumbai, and a repeat international order for premium office complexes in Muscat.
Investment/ Acquisition / Stake Stale
Natco Pharma has made a Rs2,000 crore investment to acquire a 35.75% stake in South Africa-based Adcock Ingram Holdings, including its prior 0.80% holding. The deal involves purchasing over 5 crore shares at ZAR 75 each and may lead to Adcock’s delisting from the JSE (Johannesburg Stock Exchange), pending regulatory approvals by December 2025.
Piramal Pharma finalised the sale of its decommissioned Thane facility to Global Pharma for Rs8.5 crore, following the termination of a prior MoU due to unmet conditions. The asset had been non-operational and contributed no revenue or net worth in FY23-24, with the company confirming no impact on ongoing operations. The board’s administrative committee has approved the sale which is expected to close within 90 days and does not involve related parties.
Titan company signed a definitive agreement to acquire a 67% stake in Damas Jewellery for AED 1,038mn (Rs2,350 crore), marking a strategic expansion into the GCC (Gulf Cooperation Council) region. The deal will be executed via Titan Holdings International FZCO and is expected to close by 31 January 2026, subject to regulatory approvals. Damas operates 146 stores across six GCC countries and reported FY23-24 revenue of AED 1,461mn. Titan retains the option to acquire the remaining 33% stake post-December 2029, aiming to broaden its customer base beyond the Indian diaspora.
Earnings
JSW Infrastructure posted 31.3% y-o-y rise in net profit to Rs389.57 crore for Q1FY25-26, driven by 21.2% increase in operational revenue to Rs1,223.85 crore. The company handled 29.4mn tonnes of cargo, up 5% y-o-y, with third-party volumes contributing 52% of the total. EBITDA (earnings before interest, taxes, depreciation and amortisation) rose 13% to Rs581 crore, supported by strong performance at coal terminals and its subsidiary Navkar Corporation.
Dixon Technologies reported consolidated revenue of Rs12,838 crore in Q1FY25-26, up 95% y-o-y, driven by strong growth in mobile, telecom and IT hardware segments. EBITDA rose 89% y-o-y to Rs484 crore, while PBT (profit before tax) increased 103% to Rs366 crore. Net profit doubled to Rs280 crore from Rs140 crore in Q1FY24-25.
APL Apollo Tubes reported 23% y-o-y increase in consolidated net profit to Rs237.17 crore in Q1FY25-26, while revenue from operations rose 3.9% y-o-y to Rs5,169.77 crore. Total income reached Rs5,195.34 crore and PBT stood at Rs309.95 crore, up from Rs252.02 crore in Q1FY24-25.
CG Power and Industrial Solutions reported consolidated revenue of Rs2,878.05 crore in Q1FY25-26, up 29.3% y-o-y. Net profit rose 10.6% y-o-y to Rs266.87 crore, while PBT increased to Rs363.78 crore from Rs335.67 crore. Total income reached Rs2,906.30 crore, with expenses rising to Rs2,542.52 crore, due to higher input and employee costs.
Coromandel International reported strong Q1FY25-26 results, with net profit rising 62.4% y-o-y to Rs505 crore and revenue up 48.9% y-o-y to Rs7,042.3 crore. EBITDA grew 54.6% to Rs782 crore and margins improved to 11.1% from 10.69% last year, reflecting operational efficiency and cost control.
V-Mart Retail reported a strong Q1FY25-26 performance, with net profit rising 183.3% y-o-y to Rs34 crore and revenue from operations up 12.6% y-o-y to Rs885.2 crore. EBITDA grew 27.5% y-o-y to Rs126.4 crore and margins improved to 14.28% from 12.61% last year.
Persistent Systems reported consolidated revenue of Rs3,333.6 crore in Q1FY25-26, up 21.8% y-o-y and 2.8% sequentially. EBIT (earnings before interest and taxes) rose 34.8% y-o-y to Rs517.8 crore, while PBT increased 38.7% to Rs555.4 crore. Net profit stood at Rs424.9 crore, up 38.7% y-o-y and 12.7% q-o-q (quarter-on-quarter), with constant currency growth at 19.0% y-o-y.
Thyrocare Technologies reported consolidated revenue of Rs193.03 crore in Q1FY25-26, up 23% y-o-y, driven by 25% growth in pathology and 6% in radiology. Net profit rose 62% y-o-y to Rs38.06 crore, with normalised EBITDA up 42% to Rs63.35 crore. The company processed 46.9mn tests and expanded its lab network in Bhagalpur, Kashmir and Roorkee.
Syrma SGS Technology reported 157% y-o-y jump in net profit to Rs49.7 crore in Q1FY26, despite 18.6% decline in revenue to Rs943.98 crore. EBITDA rose 78% y-o-y to Rs95.7 crore, with margins improving to 10% from 4.64%, driven by operational efficiencies and cost control.
Kirloskar Pneumatic reported Q1FY25-26 revenue of Rs272 crore, nearly flat y-o-y, while net profit rose 4.5% to Rs28.1 crore. EBITDA margin improved slightly to 15.7%, supported by cost controls and operational efficiency. Order bookings declined to Rs365 crore due to global uncertainties, but the order-book grew to Rs1,725 crore. The company launched Tyche, a semi-hermetic compressor for commercial refrigeration, and began operations at a new Nasik foundry using lost foam casting for sustainable manufacturing. Compression systems remained the core revenue-driver, contributing 89% of total income. Earnings per share (EPS) rose to Rs4.33 and consolidated reporting now includes Systems and Components India.
Mahindra Logistics reported Q1FY25-26 revenue of Rs1,625 crore, up 14.4% y-o-y, while net loss widened 20% y-o-y to Rs9.44 crore. EBITDA rose 15% to Rs76.3 crore, with margins stable at 4.69% versus 4.67% last year. Rising operating and employee costs continued to weigh on profitability, despite top-line growth.
UltraTech Cement reported Q1FY25-26 revenue of Rs21,040 crore, up 13% y-o-y, and net profit of Rs2,226 crore, rising 49% y-o-y. EBITDA grew 44% to Rs4,591 crore, with margins expanding to 20.73% from 16.82% last year, driven by improved sales mix, lower energy costs and higher premium product contribution. Domestic grey cement volumes rose 8.7% y-o-y to 34.64mn tonnes, while RMC (Ready Mix Concrete) and overseas revenues grew 23% and 56.4%, respectively. Green power usage reached 39.5%, and clinker conversion improved to 1.49x, reflecting operational efficiency gains.
Wendt India reported Q1FY25-26 revenue of Rs52.17 crore, up 6.3% y-o-y, but net profit fell 51% to Rs3.78 crore due to higher costs and lower operating efficiency.
EBITDA declined nearly 30% y-o-y to Rs7.3 crore, with margins compressing to 13.95% from 21.5%.
Latent View Analytics reported Q1FY25-26 revenue of Rs236 crore, up 32% y-o-y, and net profit of Rs50.56 crore, rising 30% y-o-y. EBITDA grew 32.3% to Rs50.4 crore, with margins stable at 21.4%. The performance was supported by strong demand for analytics services and operational efficiency, despite higher employee and overhead costs.
Eternal reported Q1FY25-26 revenue of Rs7,167 crore, up 70% y-o-y, with total income reaching Rs7,521 crore. Net profit fell 90% y-o-y to Rs25 crore, though it beat expectations. Operating profit stood at Rs73 crore, with margins contracting to 13.95% due to expansion-related costs. Blinkit’s store count is on track to hit 2,000 by December 2025, with management citing strong growth in both large and small cities. Net order value (NOV) for business-to-customer (B2C) businesses rose 55% y-o-y to Rs20,183 crore, while Hyperpure posted 89% y-o-y growth. Eternal also indicated potential expansion to 3,000 stores post-FY25-26.
Top gainers and losers of the major indices for the week are given in the table below:
