Indian benchmark indices declined sharply following disappointing earnings from major IT firms. Shares of Reliance Industries also slipped ahead of its Q4 results, where analysts expect moderate growth led by Reliance Jio, offset by weakness in O2C and retail segments.
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Following the results, Nestle India’s shares rose 3.3%, trading around ₹1,262 on the NSE during the afternoon session.
Profit before tax surged 167% to ₹138 crore, while cash PAT jumped 168% to ₹186 crore.
Operating performance was slightly weaker, with EBITDA dipping 1.4% to ₹580 crore from ₹588.2 crore.
Revenue also saw healthy growth. It was up 7.1% to ₹604 crore from ₹563 crore a year earlier.
Juniper Hotels confirmed that the property is adequately insured and has already received an interim payment of ₹5 crore from the insurer.
Profit before tax (PBT) before exceptional items fell to ₹9.6 crore. This is a sharp decline from ₹78.88 crore a year ago.
Indian markets closed in the red as IT stocks dragged benchmarks lower and FII outflows pressured sentiment. However, FMCG, defence, sugar, and energy stocks saw selective buying, while the rupee weakened to 93.8 against the US dollar amid broader risk-off sentiment.
Indian equity markets ended in positive territory on 17 April 2026, supported by strong gains in FMCG, banking, and select mid-cap stocks. Nifty 50, Sensex, and Bank Nifty all closed higher, while Wipro, HDFC Life, and Sun Pharma saw declines amid sectoral rotatio
Wipro reported a stable Q4 FY26 performance with 8% YoY revenue growth and strong large deal momentum of $1.44 billion. While profits were broadly flat year-on-year, the company highlighted an AI-first strategy, vendor consolidation trends, and steady margin performance amid a cautious IT spending environment.
Apollo Micro Systems Ltd receives lifetime defence manufacturing license for missiles, torpedoes, loitering munitions. Full details on categories, capacity, ecosystem, and 16% stock surge on NSE.
Indian markets closed in the red as IT stocks dragged benchmarks lower and FII outflows pressured sentiment. However, FMCG, defence, sugar, and energy stocks saw selective buying, while the rupee weakened to 93.8 against the US dollar amid broader risk-off sentiment.
Indian equity markets ended in positive territory on 17 April 2026, supported by strong gains in FMCG, banking, and select mid-cap stocks. Nifty 50, Sensex, and Bank Nifty all closed higher, while Wipro, HDFC Life, and Sun Pharma saw declines amid sectoral rotatio
Wipro reported a stable Q4 FY26 performance with 8% YoY revenue growth and strong large deal momentum of $1.44 billion. While profits were broadly flat year-on-year, the company highlighted an AI-first strategy, vendor consolidation trends, and steady margin performance amid a cautious IT spending environment.
Apollo Micro Systems Ltd receives lifetime defence manufacturing license for missiles, torpedoes, loitering munitions. Full details on categories, capacity, ecosystem, and 16% stock surge on NSE.
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