News Overview

Dr. Reddy's Laboratories stock fell nearly 7% to a fresh 52-week low of ₹1,101 after reporting disappointing Q1 FY27 earnings. A sharp decline in profit, weaker North America sales, margin compression, Semaglutide API quality issues, and cautious analyst commentary triggered heavy selling in the pharma stock.

Indian stock market extended its losing streak on July 23, 2026, with the Sensex falling 363 points and the Nifty closing below 23,900. Escalating US-Iran tensions, higher crude oil prices, persistent FII selling, and weak global sentiment weighed on markets, while the Auto sector emerged as the lone outperformer.

Infosys reported strong Q1 FY2027 earnings with revenue growing 14.03% YoY to ₹48,211 crore and PAT rising 12.29% to ₹7,775 crore. AI-led services contributed 8.2% of revenue, while large deal wins stood at $3.6 billion, reflecting healthy business momentum despite margin pressure.

InterGlobe Aviation, the operator of IndiGo, reported a consolidated net loss of ₹238 crore in Q1 FY27 despite a strong 20% year-on-year increase in revenue. Surging aviation fuel prices and higher operating expenses impacted profitability, while the stock declined 1.70% to close at ₹5,030 after the earnings announcement.

Cipla reported a weak Q1 FY27 performance with net profit declining 39% year-on-year to ₹789 crore. While the One India business delivered record revenue growth, lower US sales and margin pressure impacted overall profitability, leading to a fall in Cipla shares.

Adani Green Energy shares declined as much as 5% after Bernstein retained its 'Underperform' rating, citing a transfer of future value to Adani Energy Solutions. The fall came despite the company reporting a 19.3% rise in Q1 FY27 net profit and crossing the 20 GW renewable energy capacity milestone.

Eternal, formerly known as Zomato, posted a strong set of Q1 FY27 results with a 3.7X rise in net profit and record operating revenue of ₹20,211 crore. The impressive performance was driven by Blinkit's rapid growth, which accounted for over 77% of total revenue and delivered positive EBITDA for the first time.

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Indo Mim IPO is open for subscription from 23 to 27 July 2026. With today's GMP at ₹185, the estimated listing price stands at ₹670, indicating a potential 38.14% premium over the issue price. Read the latest IPO GMP update, key details, and investor insights.

Adani Green Energy reported a strong Q1 FY27 performance with profit attributable to equity holders rising 18.5% YoY to ₹845 crore, revenue from operations increasing 16.6% to ₹4,431 crore, and operational renewable capacity crossing the 20 GW milestone. Energy sales jumped 30.3%, supported by capacity expansion and strong asset performance. Despite healthy earnings, the stock declined 2.73% due to broader market weakness, profit booking and investor caution over near-term battery storage monetisation.