Broad-based buying across PSU bank stocks lifted the Nifty PSU Bank index, with analysts attributing the rally to improving fundamentals, attractive valuations, and expectations of healthy Q1 earnings
Benchmark indices rallied on Monday, supported by a combination of easing geopolitical tensions, a sharp decline in crude oil prices, a stronger rupee, strong Q1FY27 results, and renewed FII buying.
AI trade is unwinding from the inside. The largest hyperscalers are funding capex with debt at a scale that has turned free cash flows negative said Manish Bhandari, CEO at Vallum Capital.
Maruti Suzuki, which manufactures SUVs and modern electric vehicles like the Dzire, Wagon R, and Swift, will post its Q1 FY27 results on Friday, July 31.
Brokerages expect higher domestic steel prices and better realisations to support Tata Steel's Q1FY27 earnings despite elevated coking coal costs and weaker Europe operations.
Coal India reported a net profit of ₹8,849 crore for the first quarter on a year-on-year basis. Total income grew 8.4 per cent year-on-year to ₹48,295 crore.
Mphasis' Q1FY27 performance showed steady revenue growth, led by strong traction in its TMT business, though margin pressures weighed on profitability.
Infosys reported a 12.2 per cent increase in net profit for the first quarter to ₹7,769 crore on a year-on-year basis. Revenue for the quarter was up 14 per cent to ₹48,211 crore.
Cipla reported a 39.2 per cent fall in net profit for the first quarter to ₹789.05 crore on a year-on-year basis. Revenue for the quarter was up at ₹7,119.28 crore
The company's move is aimed at allowing Instamart to directly own inventory and improve margins and it will be put to shareholders for approval at the AGM on August 18.