VA Tech Wabag reported a 37% year-on-year rise in net profit for the quarter ended June. Consolidated revenue grew 21% YoY to Rs 886.8 crore, while EBITDA increased 22% to Rs 116.3 crore. The company booked new orders worth Rs 3,400 crore during the quarter, taking its order book to Rs 19,400 crore. Shares on the NSE fell more than 2% to close at Rs 1,903.60 on Wednesday.

The S&P 500 rose above 7,700 for the first time, reaching 7,735.17 and gaining 1.77% on the day, with the combined market value of its constituents topping $70 trillion. Palantir jumped 26% after again raising its full-year revenue forecast. Caterpillar advanced 5.8% after lifting its revenue growth outlook on demand tied to AI data-centre construction. The Philadelphia Semiconductor Index (SOX) climbed nearly 5.8%, while crude oil fell below $80.

Pidilite Industries reported a 30% year-on-year increase in net profit for Q1FY26. Revenue from operations rose 21.27% to Rs 4,551.55 crore, while EBITDA climbed 26.9% to Rs 1,194 crore and the EBITDA margin improved to 26.3%. The Consumer & Bazaar business posted 22.5% revenue growth with underlying volume growth (UVG) of 12.2%, and the Business-to-Business segment recorded 16% revenue growth with UVG of 7.3%.

Divi’s Labs reported Q1 results for the period through June 2026, with revenue of Rs 3080 crore, up 28% year on year. EBITDA rose 72% to Rs 1255 crore and net profit climbed 66% to Rs 900 crore, all well ahead of Jefferies’ expectations. EBITDA margin moved above 40% to the highest level in nearly four years, while gross margin reached 68%, close to its peak.

Vedanta Aluminium will turn ex-dividend on August 5 for its first interim dividend of Rs 8 per share. For the April–June quarter, the company posted a 216% year-on-year jump in net profit to Rs 5,629 crore. Revenue from operations rose 46% to Rs 21,393 crore, while EBITDA climbed 134% to Rs 10,499 crore and the EBITDA margin improved to 50%.

JSW Infrastructure, an Indian infrastructure stock, handled 31 million tonnes of cargo in Q1FY27, up a little less than 6% year on year. Over the same quarter, institutional ownership rose, with FIIs increasing their holding to 11.21% and DIIs to 9.19%. The company reported a ROCE of 13.7%, close to the industry median of 13.9%, and said it operates 186 million tonnes per annum of capacity across ports on India’s east and west coasts.

RateGain said it has advanced the integration of Sojern, adding 320 data partners and 1.5 billion travel graph IDs to its platform. The company reported Q4 gross margin of 23.5%, with annualised cost synergies reaching USD 15 million, above its earlier guidance. Customers using its Agentic ARI product reported a 30% to 40% improvement in ARI traffic optimisation.

Morgan Stanley upgraded Torrent Pharmaceuticals to “Overweight” from “Equalweight” and lifted its target price to Rs 5,623, implying about 39.6% upside. The brokerage said cost synergies have already moved beyond the initial Rs 900 million target and are now expected to exceed Rs 1 billion, before rising to around Rs 3 billion in FY28 and nearly Rs 4.5 billion in FY29. It also highlighted Torrent’s position in India’s semaglutide market, with a 36% share overall and 94% in oral semaglutide.

India’s three largest cigarette companies—ITC, Godfrey Phillips and VST—together control over 90% of the country’s market. Recent quarterly disclosures show ITC’s cigarette net revenue excluding duties fell 31.45%, VST’s monthly cigarette volumes dropped 14%, and Godfrey Phillips’ consolidated net profit declined 44.3%. The figures point to contracting cigarette consumption and rising earnings pressure for listed firms whose core business is cigarettes.