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Market Updates

The markets are expected to open marginally higher today as trends in GIFT NIFTY indicate a positive start for the broader index after NIFTY closed 176 points lower at 25,877 on Thursday.

Bharat Electronics Ltd:

The company secured additional defence orders worth Rs.732 crore, including indigenous Software Defined Radios co-developed with DRDO for secure, real-time battlefield communication.

Cipla Ltd:

The company reported its highest-ever quarterly revenue of Rs.7,589 crore (up 8% YoY) with an EBITDA margin of 25% and PAT of Rs.1,351 crore, driven by strong US and chronic portfolio growth.

Gillette India Ltd:

The company posted 4% sales growth to Rs.811 crore and 8% PAT growth to Rs.144 crore for Q2FY26, supported by innovation and productivity gains.

Hyundai Motor India Ltd:

The company reported Q2FY26 PAT of Rs.15,723 million (up 14.3% YoY) with strong SUV and export contributions, achieving an EBITDA margin of 13.9%.

Mold-Tek Packaging Ltd:

The company’s H1FY26 sales rose 16.05% YoY to Rs.450.3 crore, EBITDA grew 22.7%, and pharma sales surged 45% QoQ.

Sagility Ltd:

The company delivered 25.2% YoY revenue growth in Q2FY26 to Rs.16,585 million, with 84% PAT growth and a 26.2% EBITDA margin.

Sharda Cropchem Ltd:

The company’s Q2FY26 volumes grew 34.8% YoY, with the agrochemical segment contributing 86%; ROCE and ROE stood at 21.6% and 17.5%.

Shriram Properties Ltd:

The company signed a JDA for a Rs.700 crore GDV residential project in Hinjewadi, Pune, expanding its presence in the city.

Tata Consultancy Services Ltd:

The company partnered with Tata Motors to deploy its Intelligent Urban Exchange (IUX) platform for ESG data automation and sustainability reporting.

Welspun Corp Ltd:

The company’s US subsidiary received two major pipeline orders worth approximately US$715 million, ensuring business visibility till FY28.

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