Domestic equity indices are likely to open on a strong note today, as indicated by GIFT Nifty trading 118 points, or 0.49 per cent higher at 24,113 as of 7:35 AM. Earlier on Wednesday, the Nifty 50 index rose 80.75 points, or 0.34 per cent, to close at 23,962.80. Asian markets provided positive cues with South Korea's Kospi gaining 3.8 per cent, Japan's Nikkei 225 advancing 2.17 per cent, and Australia's S&P/ASX 200 edging up 0.21 per cent. The Street will also react to TCS's Q1 results, which were announced yesterday after market hours. Latest market analysis suggests the benchmark index is likely to witness volatile moves within the 24,200 to 24,500 range during today's session.
TCS reported mixed Q1 results with net profit declining 2.7% to ₹13,349 crore versus ₹13,718 crore in the previous year, while revenue grew 14% Y-o-Y to ₹72,275 crore. The company's net income rose 8.5% Y-o-Y to ₹13,849 crore and EBIT decreased 3.1% to ₹17,317 crore with margin compressing to 24% from 25.3%. Meanwhile, Anand Rathi Wealth delivered strong Q1 performance with consolidated PAT surging 24% Y-o-Y to ₹116 crore for Q1FY27, while total revenue increased 18% to ₹336.4 crore and AUM grew 21% Y-o-Y to ₹1,06,300 crore, surpassing the ₹1 lakh crore mark. Maruti Suzuki announced plans to add around 500 service points across the country in FY27, having opened its 6,000th service touchpoint in India on Thursday.
HCL Technologies' data and AI division Actian has integrated Jaspersoft's embedded analytics capabilities with its data management portfolio following the completion of HCLSoftware's acquisition of Jaspersoft. The move is expected to strengthen the company's enterprise data and AI offerings. Silver Touch Technologies has secured a significant order from RITES for PARAKH, an AI-based Detailed Project Report (DPR) appraisal and intelligence platform that will support appraisal of major infrastructure projects including railways, highways, airports, ports, metro systems and tunnels. The company has also emerged as the lowest bidder for a sewerage project from Delhi Jal Board worth ₹158.28 crore.
Uno Minda has announced a strategic expansion into four-wheeler passenger vehicle seating systems with the Board approving a greenfield manufacturing facility in Chhatrapati Sambhajinagar, Maharashtra with proposed capital expenditure of ₹320 crore. The facility is expected to commence operations by Q4FY28. Meanwhile, Ganesh Infraworld's subsidiary, Tykoon Mines GK, secured a subcontract work order worth ₹100 crore for engineering, procurement and construction (EPC) works related to the Bikramshila–Kataria New Line Rail Link project, scheduled for completion within nine months with revenue expected during the current financial year. Additionally, 3i Infotech's subsidiary secured an order worth AED 17.65 million from Vedant Consultancy FZ LLC, UAE for IT consulting services covering robotic process automation, artificial intelligence, machine learning and robotics, running for 12 months.
Adani Enterprises completed its Qualified Institutions Placement (QIP), allocating 5.2 crore equity shares worth ₹15,000 crore at an issue price of ₹2,883 per share, enhancing its capital base for future growth initiatives. Restaurant Brands Asia completed its strategic transaction with Inspira Global through Lenexis Foodworks, with Inspira Global now holding a 41.78% stake in the company, with its shareholding expected to increase to 48.04% after the exercise of warrants through an additional investment of ₹450 crore. Orbit Exports approved a share buyback programme worth up to ₹27.6 crore at a buyback price of ₹250 per share, aimed at enhancing shareholder value. Cochin Shipyard will remain in focus as the government's Offer for Sale (OFS) concludes today, with the government deciding to exercise the oversubscription option for an additional 2.52% equity stake.
