Heena Ojha
Heena Ojha
Axis Bank's results will likely focus on earnings momentum amid pressure on net interest margins. Analysts expect the bank to continue reporting healthy loan growth, supported by corporate lending.
HDFC Life Insurance shares fell despite reporting a strong June quarter, with net profit rising 12 per cent year-on-year and premium income growing 14 per cent.
Banking and financial stocks led the market rally on Wednesday, ahead of upcoming Q1FY27 results from major private lenders, including HDFC Bank, Axis Bank and ICICI Bank, due over the weekend.
The company reported net profit of Rs 170.6 crore for the quarter ended June 30, 2026, marking a growth of 18.2 per cent year-on-year.
Tube Investments of India, Ashok Leyland were among the major laggards. Both counters fell over 3 per cent as the Brent price surged to $85 per barrel mark, adding pressure on auto stocks.
HCL Tech reported a 20.3 per cent increase in net profit for the first quarter to ₹4,624 crore on a year-on-year basis. Revenue for the quarter was up 13.9 per cent to ₹34,579 crore.
Equirus Securities has assigned a target price of ₹653 for JSW Energy, implying an upside of 15 per cent. Similarly, Torrent Power received a target price of ₹1,515, suggesting over 5 per cent upside
As per reports, Voltas has increased prices across the RAC portfolio by 2.5 per cent to 3 per cent.