Housing and Urban Development Corporation Ltd (HUDCO) reported a 35.1% year-on-year rise in first-quarter net profit to ₹851 crore on July 27. Net interest income increased 21.1% to ₹1,149 crore over the same period. The board also declared a first interim dividend of ₹1.25 per equity share for FY 2026-27, and the stock ended 3.27% higher at ₹202.15 on the BSE.

Tamilnad Mercantile Bank reported a June-quarter net profit of ₹411.5 crore, up 35% from a year earlier, while net interest income rose 32% to ₹765.4 crore. Asset quality improved sequentially, with gross NPA easing to 0.69% and net NPA to 0.17%. The lender’s total business expanded 23% year-on-year to 1.22 lakh crore as of June 30. After the results, the stock climbed 11.2% to a record ₹898.7.

Nesco reported a 4% rise in consolidated net profit to ₹99.96 crore for FY2024 Q1, while revenue from operations grew 9.6% to ₹211.8 crore. EBITDA declined 7.2% to ₹102.4 crore, and the EBITDA margin narrowed to 48.3% from 57% a year earlier. Following the results, the stock fell over 2.3% intraday to ₹1,031.60.

SBI Cards reported FY26 Q1 results with net profit up 19.5% year on year to ₹664.4 crore, helped by lower credit costs. Asset quality improved, with gross NPA falling to 2.04% and net NPA to 0.83%. Several brokerages raised ratings and price targets, including CLSA upgrading the stock to ‘Outperform’ with a ₹730 target. The shares rose more than 4% on the day, though the stock is down over 25% so far in 2026.

Jindal Steel & Power Ltd. reported a stronger-than-expected Q1, with adjusted EBITDA of ₹26.7 billion, about 9% above estimates, helped by higher steel sales volumes. Brokerage views were mixed, with Kotak upgrading the stock to ‘Add’ from ‘Reduce’ while CLSA kept an ‘Outperform’ rating and Citi maintained a ‘Sell’. The company said coal dispatches from the Utkal B1 mine have started and its slurry pipeline project is targeted for commissioning in FY27 Q2. The shares rose as much as 3% in early trade.

CLSA upgraded Sterlite Technologies Ltd. to Outperform and raised its target price to ₹950, implying 68% upside from the latest close. It cited June-quarter revenue of ₹1910亿, beating estimates by 20%, and a 97% sequential jump in EBITDA to ₹385亿. CLSA also pointed to an $11.1亿美元 multi-year contract for AI data-centre optical connectivity products and a legal win in a European patent dispute. The company has become net debt-free, with its optical business accounting for 96% of revenue.

Dr Lal PathLabs posted FY27 Q1 revenue of ₹797.7 crore, up 19% year on year, and net profit of ₹170.5 crore, up 27%, while EBITDA margin expanded to 31%. Nomura raised its price target to ₹2,085 and reiterated a “Buy” rating after the results. The stock jumped 8% to a 52-week high. The company also lifted its full-year revenue growth guidance to the mid-teens and announced a Ghana acquisition alongside FY27 expansion plans.

Hindustan Zinc reported June-quarter net profit of ₹5,469 crore, up 144% year on year, while EBITDA doubled to ₹8,050 crore. EBITDA margin rose to 58.56%, more than 7 percentage points higher than a year earlier, and zinc cost of production fell to $851 per tonne, a quarterly low. Revenue climbed 77% to ₹13,747 crore. The results came in well ahead of expectations and were seen as supportive for zinc prices and the company’s shares.

Infosys lowered the upper end of its FY2027 revenue growth guidance by 50 basis points to 3% and narrowed its organic growth outlook to -0.2% to 1.3% after its first-quarter results. HSBC and JPMorgan downgraded the stock to “hold” and “neutral,” citing weak demand, AI-related pricing deflation, issues on the Daimler project and the termination of an EURS contract. The company’s ADRs fell 2.5% overnight, and the stock is down 35% so far this year.