Stock Market Update July 28: BEL, IndusInd Bank, Tata Chemicals, IDFC First Bank Lead Watchlist
Market update July 28: IndusInd Bank, BEL, Tata Chemicals, IDFC First Bank, and others release Q1 earnings.
Market Focus July 28: BEL, IndusInd Bank, Tata Chemicals, CDSL Among Key Stocks
India’s stock market is set for an eventful trading day on July 28, with several blue-chip and mid-cap companies announcing quarterly results and key corporate updates. Investors will closely watch banks, energy firms, and manufacturing giants for earnings performance and strategic developments.
BEL, IndusInd Bank, Waaree Energies, Mazagon Doc, Railtel, Adani Total
These companies are in the spotlight as they release their Q1 results today. Their earnings will set the tone for sectoral sentiment, particularly in defense, banking, and infrastructure.
IDFC First Bank
The lender reported a sharp 32% year-on-year decline in profit after tax, slipping to ₹463 crore in Q1 FY26, reflecting pressure on margins despite steady income growth.
NTPC Green
In a major push for clean energy, NTPC Green signed an MoU with Bihar State Power Generation Company Limited to jointly develop battery storage systems and renewable energy projects, strengthening India’s green transition drive.
Kotak Mahindra Bank
The bank posted a net profit of ₹3,281.7 crore for the June quarter, falling short of market expectations pegged at ₹3,442 crore.
Steel Authority of India (SAIL)
The Maharatna PSU delivered a staggering 811% jump in net profit year-on-year, reaching ₹744.5 crore for Q1 FY26, driven by strong demand and improved realizations.
Ola Electric
The EV maker’s board approved changes to its IPO fund utilization plan, adjusting objectives and extending the timeline for deploying proceeds, signaling a strategic recalibration.
SBI Cards
The card issuer reported a 6% decline in net profit to ₹556 crore for the June 2025 quarter compared to last year, citing higher expenses and provisioning costs.
Central Depository Services (India) – CDSL
CDSL recorded a 23.6% year-on-year drop in Q1 net profit, falling to ₹102.4 crore against ₹134 crore in the previous year. EBITDA also declined, reflecting softer business momentum.
Tata Chemicals
The chemical major posted a robust 68% jump in consolidated net profit, reporting ₹252 crore in Q1 FY26, supported by strong demand and higher product pricing.
Poonawalla Fincorp
Despite an 11% year-on-year rise in net interest income to ₹639 crore, the NBFC saw its Q1 net profit plunge to ₹62.6 crore from ₹291.6 crore, impacted by rising costs and provisions.
