Markets witnessed a volatile session on Wednesday and ended almost unchanged amid mixed global cues. Technically, analysts say the tug of war between bulls and bears continues to keep the benchmark index range-bound. However, rotational buying across sectors and the resilience of the broader markets continue to offer ample stock-specific trading opportunities.
In today's trade, shares of Wipro, Jio Financial, HDB Financial, HDFC AMC, SBI among others will be in focus due to various news developments and first quarter results.
Wipro, Jio Fin, Tech Mahindra, Polycab, BHEL, ITC Hotel
Shares of Wipro, Jio Fin, Tech Mahindra, Polycab, BHEL and ITC Hotel will be in focus as the companies will announce their first quarter results.
Angel One has announced its Q1 results, reporting a strong quarter with standalone PAT of Rs 2,707 crore, up 102% YoY, and gross revenue of Rs 14,135 crore, up 26% YoY. The average client funding book reached a record high of Rs 6140 crore in Q1, higher by 46% YoY.
HDB Financial Services reported a 38% year-on-year (YoY) rise in profit after tax for the June quarter, helped by strong growth in net interest income and lower pressure from asset quality. The non-bank lender posted a profit after tax of Rs 785 crore for the quarter ended June 2026, compared with Rs 568 crore in the same period last year.
HDFC AMC
HDFC AMC's profit after tax for the quarter ended June stood at Rs 838 crore, an increase of 12% over the previous year period. Revenue from operations was Rs 1,098 crore and operating profit was Rs 828 crore for the quarter ended June 2026, an increase of 14% and 10% respectively over last year quarter.
SBI
State Bank of India has appointed former LIC executive Sunil Agrawal as chief financial officer, as per a stock exchange disclosure. Agrawal was previously chief financial officer of LIC, the country’s largest life insurer with 50% market share.
Homegrown auto major Tata Motors raised concerns over the government's proposal to allow carmakers to buy cheaper credits directly from Bureau of Energy Efficiency (BEE) in the draft amendment to the CAFE II notification, stating that it would make the regulator a “counterparty” in the system.
Electric two-wheeler maker Ather Energy on Wednesday said its board has approved raising of Rs 1,200 crore from existing investors, including Hero MotoCorp and India-Japan Fund. Under the fund-raising programme, the company will mobilise Rs 960 crore from Hero MotoCorp, classified as a promoter, through the issuance of 76,19,047 warrants.
Amara Raja Energy and Mobility (ARE&M) is taking a measured approach to its entry into lithium-ion cell manufacturing, choosing to first make standard battery cells for electric two-wheelers and energy storage systems instead of customer-specific products for passenger vehicles, executive director Vikram Gourineni told The Economic Times.
Tata Capital has raised $400 million through a fixed rate senior unsecured reg s bond with a 3.5-year tenor. The transaction was priced at UST + 107 bps (referenced to the 3-year US Treasury). The fixed coupon/interest rate is 5.332%.
