On Wednesday, 2593 stocks advanced, 1652 declined and 193 remained unchanged on Bombay Stock Exchange with advance decline ratio of indicating 1.56 a positive closing. The trend of the major indices on Wednesday’s trading is given in the table below.
On NSE, 63 securities advanced and closed at a new 52-week high whereas 55 securities sank to close at their new 52-week lows. Nifty IT, Nifty Metal and Nifty FMCG were among the biggest gainers.
Tata Chemicals (+0.70%) Magadi received directions from Kenyan authorities to suspend mining operations and soda ash exports pending a compliance review; the company maintains full compliance and is engaging with regulators, but financial impact remains uncertain.
SML Mahindra (+20.00%) approved the acquisition of Mahindra & Mahindra’s Truck and Bus Division for ₹525 crore, aiming to create a unified commercial vehicle business with enhanced scale and operational efficiencies; the transaction is expected to complete by early August 2026.
Bharat Heavy Electricals (BHEL) (-0.15%) secured its largest-ever gas turbine generator order from Nigeria’s Dangote Petroleum Refinery, supplying and supervising erection of eight turbine packages manufactured at its Hyderabad and Bengaluru plants, marking a significant global project win.
Larsen & Toubro (L&T) won a major EPC order worth between ₹5,000 crore and ₹10,000 crore from Kuwait Oil Company for new crude oil storage tanks and export infrastructure upgrades, supporting enhanced crude handling and export capabilities. L&T also secured offshore wind transmission orders worth over ₹15,000 crore with Dutch-German operator TenneT, including four major projects totaling 8 GW capacity, enhancing Europe’s renewable energy infrastructure with Hitachi Energy’s technology.
Meghna Infracon Infrastructure (+1.52%) completed the Riviera redevelopment project in Mumbai within 16 months, delivering a ground-plus-nine-storey residential building of about 40,000 sq ft and handing over homes to more than 35 families.
Infosys (+4.51%) successfully migrated NTN Corporation’s SAP Commerce platform to SAP Commerce Cloud using Infosys Cobalt, improving maintenance automation, operational reliability, and cost efficiency, strengthening its presence in the Japanese market.
Tata Teleservices (Maharashtra) (+1.98%) and Tata Communications launched an AI-powered voice assistant platform for India’s SMB sector, combining advanced AI technology and secure voice infrastructure to simplify enterprise-grade AI adoption.
Dilip Buildcon (-1.46%) emerged as the lowest bidder for a ₹2,524.32 crore water infrastructure project in Chhattisgarh, involving pipeline construction and operation under the Pairy Project Scheme, with completion scheduled within 30 months.
Hirect Limited secured its inaugural order from the US for traction motor assemblies, marking its entry into the US market with delivery planned during FY27, supporting its international expansion strategy.
B. L. Kashyap and Sons (-0.24%) won a ₹91.57 crore order to execute civil and structural works for the Verde Phase II residential project in Bengaluru, with completion expected within 17 months, reinforcing its position in civil construction.
UK-based aerospace company CFS Aero selected Ramco Systems (-2.94%) aviation software to enhance its engine and APU MRO operations, enabling improved operational efficiency through a unified digital platform.
Craftsman Automation (+6.71%) announced plans for a new manufacturing facility in Tamil Nadu to meet growing automotive OEM demand; the unit is expected to be operational within 6-8 months, expanding its aluminium product capacity.
Gland Pharma (+4.75%) received USFDA approval for Sugammadex Injection in multiple vial sizes and launched the product on the first day of approval, entering a US market valued at approximately USD 1.6 billion.
Dr. Reddy’s Laboratories (+0.59%) confirmed regulatory approval from Thai FDA for its antibiotic NUZOLVENCE®, received six months after US approval, with no material impact on company operations.
The Indian government ordered sugar dealers to begin declaring and regularly updating stock positions from August 1, banning holding sugar inventory beyond 30 days to improve market transparency and curb hoarding.
Earnings
Adani Enterprises (+0.74%) reported a Q1 FY27 net loss of ₹1,160.23 crore vs profit of ₹885.23 crore Y-o-y, due to a ₹2,644.02 crore exceptional settlement charge; revenue rose 49.9% to ₹32,923.98 crore; EBITDA grew 51.7% to ₹5,020 crore with margin steady at 15.3%.
PCBL Chemical (+14.86%) posted a 65% Y-o-y net profit increase to ₹155 crore; revenue grew 17% to ₹2,473.4 crore; EBITDA rose 24% to ₹396 crore, with margin expanding to 16%.
Apcotex Industries (+15.31%) net profit surged 312% Y-o-y to ₹78.94 crore; revenue rose 39.9% to ₹525.63 crore; EBITDA margin doubled to 22.3%.
Sharda Cropchem (-5.96%) net profit declined 38.4% Y-o-y to ₹88.02 crore despite 9% revenue growth to ₹1,073.77 crore; EBITDA margin contracted to 17.32%.
Asian Paints (+0.81%) net profit increased 39.9% Y-o-y to ₹1,539 crore; revenue rose 17.9% to ₹10,542 crore; EBITDA margin expanded to 20.6%.
Jammu & Kashmir Bank (-12.78%) net profit fell 12.5% Y-o-y to ₹424.18 crore; total income rose 6.9% to ₹3,760.02 crore; asset quality improved with gross NPA at 2.37%.
Garden Reach Shipbuilders & Engineers (+0.59%) net profit rose 43.8% Y-o-y to ₹172.8 crore; revenue increased 38.5% to ₹1,814.6 crore; EBITDA margin slightly declined to 8.2%.
V-Guard Industries (+3.32%) net profit grew 76.4% Y-o-y to ₹130.25 crore; revenue rose 23.5% to ₹1,810.65 crore; EBITDA margin improved to 10.6%.
Vinati Organics (+0.62%) net profit declined 12% Y-o-y to ₹109 crore; revenue increased 15% to ₹696 crore; EBITDA margin contracted to 24.5%.
SKM Egg Products Export (+1.11%) net profit rose 47.2% Y-o-y to ₹24.03 crore; revenue grew 3.2% to ₹179.20 crore; EBITDA margin expanded to 17.52%.
Meghmani Organics (+1.02%) net profit surged 280% Y-o-y to ₹48.19 crore despite 11.5% revenue decline to ₹542.83 crore; EBITDA margin expanded to 18%.
KPIT Technologies (+6.03%) net profit fell 32.3% Y-o-y to ₹116.41 crore; revenue rose 8.9% to ₹1,674.99 crore; EBIT margin contracted sharply to 11.3%.
Adani Ports & SEZ (-3.10%) net profit rose 9.2% Y-o-y to ₹3,620 crore; revenue increased 18.6% to ₹10,821 crore; EBITDA margin slightly improved to 60.4%.
Devyani International (+4.08%) net profit surged over 4x Y-o-y to ₹14.6 crore; revenue grew 17% to ₹1,581 crore; EBITDA margin expanded to 16%.
Colgate-Palmolive India (+1.32%) net profit increased 7% Y-o-y to ₹343 crore; revenue rose 12% to ₹1,603 crore; EBITDA margin declined to 30.1%.
Thangamayil Jewellery (-10.00%) net profit rose 86.1% Y-o-y to ₹85.09 crore; revenue increased 71.2% to ₹2,666.38 crore; EBITDA margin slipped slightly to 5.4%.
CarTrade Tech (-3.61%) net profit grew 19.3% y-o-y to ₹51.2 crore; total income increased 16% to ₹230 crore; EBITDA margin expanded to 31%.
DCM Shriram (+0.12%) net profit surged 513% Y-o-y to ₹693 crore; revenue rose 9.3% to ₹3,565 crore; EBITDA margin steady at 9.4%.
Maharashtra Scooters (+0.32%) net profit declined 90.6% Y-o-y to ₹3.32 crore due to timing of dividend income; underlying business stable.
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below:
