State-owned defence manufacturer Bharat Dynamics reported results for Q1 of FY2025, with net profit surging nearly sixfold year-on-year to Rs 118.79 crore. Revenue rose 131% to Rs 572.24 crore, while EBITDA climbed 283% to Rs 50 crore. The stock gained 3.45% on the day, lifting the company’s market capitalisation to Rs 51,172 crore.

Solar Industries reported a 93% year-on-year rise in Q1 net profit to Rs 653 crore, beating the Bloomberg Consensus estimate of Rs 519 crore. Revenue increased 71% to Rs 3,670 crore, ahead of the Rs 2,995 crore estimate. EBITDA climbed 82% to Rs 1,024 crore and margin widened 290 basis points to 27.7%, pointing to stronger operating leverage across segments. After the results, Nuvama lifted its target price to Rs 23,435 from Rs 20,000, implying over 15% upside, and kept a buy rating.

Vodafone Idea reported a June-quarter net loss of Rs 3,754 crore, narrowing from Rs 6,608 crore a year earlier, while consolidated Ebitda rose 9.1% year on year to Rs 5,034 crore and ARPU increased 10.2% to Rs 195. Brokerages updated their calls, with UBS and Nomura at ‘Neutral’, CLSA at ‘Hold’, and Axis Capital at ‘Reduce’, setting targets between Rs 12.25 and Rs 15. The company is scheduled to hold an analyst briefing at 2:30 PM IST.

Bain Capital-backed automotive wiring harness maker Dhoot Transmission has launched its IPO with a price band of Rs 829 to Rs 871 per share, with subscriptions running from August 10 to August 12. The offering includes a Rs 1,400 crore fresh issue and an offer for sale of around 1.9 crore shares, mainly by existing shareholder Bain Capital. At the upper end of the band, the company is expected to raise Rs 3,066.89 crore and list with an estimated market capitalisation of about Rs 17,816.14 crore.

KEC International said it has won new orders worth Rs 1,063 crore spanning civil construction and transmission and distribution, lifting its total order book to Rs 6,300 crore. The company’s civil wins include a high-rise residential project, while its T&D business secured a 400 kV transmission line order in Africa and tower, hardware and pole supplies in the Americas. The stock rose 2% to Rs 478.75, taking its market capitalisation to Rs 12,744 crore.

India has announced plans to invest up to Rs 45,000 crore ($4.7 billion) to upgrade railway infrastructure along its borders with China, Pakistan and Bangladesh. Railway-linked stocks rose on the news, with IRCTC up 5% to Rs 513 and Ircon International also up 5% to Rs 132. Titagarh Rail gained 3.64% to Rs 855, while RailTel advanced 2.25% to Rs 290.85. RVNL rose 3.19%, and Texmaco Rail and IRFC were up more than 1%.

MTAR Technologies reported Q1 FY26 net profit of Rs 50.23 crore, up 365% year on year, on revenue of Rs 360.72 crore, up 130%. EBITDA margin expanded 548 basis points to 23.58% as EBITDA more than tripled. The company also won a Rs 504 crore civil nuclear order, taking its cumulative order value past Rs 3,100 crore. The stock is up 950% versus its IPO price but is down about 30% from its peak, and analysts see 45% upside.

Muthoot Finance fell 11% after reporting a weaker-than-expected June-quarter performance, with standalone AUM growth slowing to 43% YoY and 6% QoQ. Net interest margin narrowed 297 basis points QoQ to 10.4%, resulting in a 17% miss on profit after tax. A brokerage said softer gold prices and intensifying competition in the gold-loan market were key drivers.

Bajaj Finance shares notched a second consecutive record, rising 2.57% to Rs 1177.60, taking their monthly gain to 14% and the three-month rise to 25.38%. CLSA reiterated an Outperform rating and lifted its target price to Rs 1,300, implying upside of more than 23% from the previous close. The brokerage said quarterly profit after tax beat its estimate by about 6%, helped by stronger net interest income, higher preprovision operating profit and lower-than-expected credit costs.