The Indian share market opened today with several companies in focus after posting their quarterly results. IndusInd Bank, Adani Green, Bharat Electronics, KEC International, and Waaree Energies reported key updates. Some companies experienced strong growth, while others faced significant challenges. Here’s a look at the top stocks to watch today.
Share Market on July 29
IndusInd Bank
IndusInd Bank had a tough quarter. Its profit dropped 68% to Rs 684 crore. The fall was mainly because it had to set aside more money for bad loans. Last quarter, it posted a significant loss due to problems in its derivatives business.
Adani Green Energy
Adani Green’s profit went up 31% in the April–June quarter to Rs 324 crore. The company earned more because it sold more power and added new renewable projects. Its total power capacity is now 15.8 GW, which is 45% more than last year. Revenue also grew 31% to Rs 3,312 crore.
Bharat Electronics
BEL, which makes defence equipment, posted a 22% rise in profit at Rs 969 crore. Its sales also went up slightly to Rs 4,439 crore. The company continues to get steady business from defence orders.
KEC International
KEC reported a good quarter. Its profit jumped 42% to Rs 125 crore, and revenue rose to Rs 5,023 crore. The company said all its business areas did well, especially infrastructure projects.
Waaree Energies
Waaree saw a strong rise in profit compared to the previous quarter. Profit went up 20% to Rs 745 crore. Operating profit (EBITDA) jumped 73% to Rs 997 crore. The company said better cost control helped boost its margins.
