The benchmark equity indices declined sharply on August 1, tracking weak global cues, persistent foreign fund outflows and concerns over US tariff measures. Sensex dropped nearly 586 points (0.72%) to close below the 80,600 mark. Nifty 50 meanwhile fell 203 points (0.82%) to 24,565.
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Netweb Technologies shares soared over 10 percent intraday, riding on strong profit growth and AI revenue for the June quarter. The net profit doubled to Rs 30.48 crore and total income rose to Rs 302.32 crore at a growth of 97 percent on year, during the June quarter. Income from AI systems rose by 300% on year during Q1FY26, helped by a large AI-related deal. For the quarter, AI continued to be a major growth driver and contributed 29 percent of the operating revenue, and the management told CNBC-TV18 that they are increasing their AI revenue share guidance from 20 percent to 22 percent going forward. The shares closed 5% higher, paring some gains.
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Radico Khaitan shares were up more than 5 percent. The liquor maker on Thursday reported a 73.14 percent surge in its consolidated net profit to Rs 130.52 crore for the June quarter of FY26, helped by volume growth. The company had posted a consolidated net profit of Rs 75.38 crore a year ago, according to a BSE filing by Radico Khaitan, which owns brands like Rampur Indian Single Malt Whisky, Jaisalmer Indian Craft Gin, Magic Moments Vodka, and the 8 PM series. Its revenue from operations increased 24.56 per cent to Rs 5,313.51 crore in the June quarter. It was Rs 4,265.62 crore in the corresponding quarter of the previous fiscal.
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HUL shares jumped nearly 8 percent intraday, taking the stock's gains in two days to 12 percent. This comes after brokerages issued positive notes for the stock after the release of the firm's April-June quarter results. Hindustan Unilever (HUL) on July 31 reported a 6 percent year-on-year rise in consolidated net profit to Rs 2,768 crore for the quarter ended June 2025, aided by lower tax expenses and volume-led sales growth across key categories. Revenue (total sales) grew 5 percent to Rs 16,323 crore, with underlying volume growth (UVG) at 4 percent and underlying sales growth (USG) at 5 percent, HUL said in a stock exchange filing.
Eicher Motors shares rallied as much as 4 percent to Rs 5,670 in morning trade on after the company reported a 9 percent rise in consolidated net profit at Rs 1,205 crore for the quarter ended June 30, 2025. Eicher witnessed a 15 percent increase in revenue at Rs 5,042 crore in Q1 FY26. The gains come despite Morgan Stanley maintaining its Underweight rating with a target price of Rs 4,079. This implies a downside potential of 25 percent from the last close on the NSE. The management continues to focus on driving volumes over margins. However, the brokerage sees downside risks to consensus margin estimates, adding that the stock appears to be pricing in both high growth and high margins. The shares closed 2%, paring some gains.
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Ambuja Cements shares rose nearly 3 percent, a day after the stock plunged 4.5 percent following the release of its April-June quarter results. The rise in the share price today comes as brokerages remained optimistic on the stock, seeing strong upside potential from current levels. Ambuja Cements on July 31 reported a net profit of Rs 788 crore for the first quarter of the financial year 2026. This marks an on-year increase of more than 23 percent from the Rs 640 crore net profit reported in the same period last year. The Adani Group company's revenue from operations also rose over 23 percent to Rs 10,244 crore in Q1 FY26. The cement firm had earlier reported revenue from operations at Rs 8,292 crore in Q1 FY25.
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Sun Pharma shares lost 4% on August 1, making it the worst Nifty 50 loser, after reporting June quarter earnings. Brokerages gave a diverse range of calls for the pharma stock as it reported a higher adjusted profit on Thursday, aided by strong domestic sales. The Mumbai-based firm's consolidated profit before tax and exceptional items rose 16.6% to Rs 3,991 crore in the quarter ended June 30. The drugmaker reported a one-time charge of Rs 818 crore in the first quarter related to the impairment of certain assets and the settlement of a legal dispute.
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Swiggy shares fell as much as 4 percent to Rs 386 in morning trade on August 1 after it reported that its net loss widened almost 96 percent year-on-year (YoY) to Rs 1,197 crore in the first quarter (Q1) of financial year 2025-26 (FY26), up from Rs 611 crore in the same period a year ago. Swiggy’s revenue from operations rose 54 percent YoY to Rs 4,961 crore in Q1, up from Rs 3,222 crore a year ago. It had reported a revenue of Rs 4,410 crore in the previous quarter.
Niva Bupa Health Insurance Company shares fell up to 6 percent in Friday's trading session after the company reported it's June quarter earnings. The company reported a 97 percent jump in net profit at Rs 70 crore in the first quarter ended June 2025. The health insurer had earned a net profit of Rs 36 crore during the April-June period of 2024-25. The company's total income during the June quarter rose to Rs 1,308 crore against Rs 1,159 crore in the year-ago period, Niva Bupa Health Insurance said in a regulatory filing.
