Indian Stocks Mixed: Radico, Tata Comm Up; Ambuja Cements Down

Indian equities traded with a negative bias in the late afternoon session on July 28, as investors awaited comments from the US Federal Reserve regarding future interest rates and the inflation outlook. Caution also prevailed ahead of the monthly and weekly expiry of Nifty F&O contracts.

Foreign institutional investors (FIIs) remained net sellers, offloading securities worth Rs 1,688.23 crore in yesterday’s session. Robust buying activity within the IT sector, however, helped to cap overall market losses.

European equity markets, in contrast, were trading higher, benefiting from easing tensions in the Middle East. This development also weighed on crude oil prices.

Key Q1 Earnings and Corporate Moves

Amidst the broader market sentiment, several companies announced their June 2026 quarter results and significant business developments.

Radico Khaitan reported a substantial surge in profitability, while Tata Communications saw its shares climb following a new collaboration.

• Radico Khaitan: Net Profit surged 69.50% to Rs 2260.10 million.
• Radico Khaitan: Revenue grew 10.43% to Rs 58676.93 million.

Tata Communications shares rose by 2.59% to Rs 1780.00 after announcing a collaboration with Tata Tele Business Services (TTBS). This partnership aims to deliver business-ready digital solutions for India’s SMBs.

Sundaram Multi Pap also gained 1.56% to Rs 1.30 following the introduction of its next-generation AI-powered Digital Learning Platform. This platform is designed to support schools across Maharashtra.

• Pfizer: Net Profit increased 6.63% to Rs 2044.70 million.
• Pfizer: Revenue grew 8.31% to Rs 6531.70 million.
• Deep Industries: Net Profit rose 18.29% to Rs 551.77 million.
• Deep Industries: Operating profit surged to Rs 884.55 million from Rs 771.80 million year-on-year.
• Martin Burn: Profit after tax was Rs 24.11 million, up from Rs 8.45 million.
• Martin Burn: Total revenue increased to Rs 6.22 million from Rs 0.05 million.

Conversely, Ambuja Cements and Dwarikesh Sugar Industries reported profit declines and widening losses, respectively.

• Ambuja Cements: Profit after Tax fell by 36.76% to Rs 5040.00 million.
• Ambuja Cements: Total revenue remained nearly unchanged at Rs 63280.00 million.
• Dwarikesh Sugar Industries: Net Loss widened significantly to Rs -257.32 million, from Rs -93.84 million in the prior corresponding quarter.
• Dwarikesh Sugar Industries: Operating profit margin slipped sharply to -237.61%.
• Suzlon Energy: Revenue grew 15.80% to Rs 32973.80 million.
• Suzlon Energy: Profit after Tax declined 11.78% to Rs 3064.40 million.
• Indian Toners & Development: Net Profit saw a marginal decline to Rs 60.96 million.

Other Corporate Announcements

In other corporate news, Icon Facilitators secured an order from Cushman & Wakefield Property Management Services India. This order is for providing technical services at Elan Epic and Elan Town Centre in Gurugram, Haryana.

Insilco announced the appointment of Manmohan Juneja as Chairman of its Board, effective August 4, 2026.

The day concluded with Indian equities reflecting a mixed performance, driven by cautious market sentiment and varied corporate earnings reports.