Tata Communications and Nuvoco Vistas shares rose up to 3 percent on strong first quarter earnings for the fiscal year 2026.
Indian Overseas Bank shares were down marginally after the Q1 results were announced on Friday. The state-run lender's net profit increased by 76 percent from the same quarter last year to Rs 1,111 crore. IOB had reported a net profit of Rs 633 crore during the June 2024 quarter. IOB's profitability was aided by a higher other income component, which increased to Rs 1,480 crore from Rs 1,032 crore during the year-ago quarter.
Shares of the lender quoted at Rs 39.79 per share on the NSE, down 0.10 percent.
Meanwhile, share of Tata Communications and Nuvoco Vistas advanced up to 3 percent in Friday's trading session.
Nuvoco Vistas Corporation shares hit the fresh 52-week high to Rs 417 per share on the NSE. In today's trading session, it opened with a gain of 7.43 percent, hitting the intraday high of Rs 417 per share, rising 9.26 percent.
The building materials division of the Nirma Group, reported a multi-fold increase in its profit to Rs 133.16 crore in the quarter ended in June 2025. The company had logged a net profit of Rs 2.84 crore in the April-June quarter a year ago, according to a regulatory filing from Nuvoco Vistas Corp. Its revenue from operations was up 9 per cent to Rs 2,872.70 crore in the June quarter. It was at Rs 2,636.48 crore in the corresponding quarter a year ago.
Meanwhile, Tata Communications shares rose to Rs 1,766 per share on the NSE, up 1.99 percent.
The company posted a 43 percent dip in consolidated profit to Rs 190.14 crore in the first quarter ended June 30, 2025. The company had posted a net profit of Rs 332.93 crore in the same period a year ago.
The consolidated income from operations of Tata Communications increased by 6.5 per cent to Rs 5,959.85 crore during the report quarter from Rs 5,592.32 crore in the June 2024 quarter, the company said in a regulatory filing on Thursday.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
