Stocks in news: RIL, JSW Steel, Wipro, Jio Financial, Axis Bank, LTIMindtree
The markets experienced volatility and closed lower. Several companies announced their first quarter results. Axis Bank's net profit saw a slight decrease. Jio Financial Services and LTIMindtree reported profit increases. Polycab India and Wipro also showed growth in net profit. However, Tata Communications experienced a decline. Indian Hotels reported an increase in net profit as well.
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Markets remained volatile on the weekly expiry day and ended nearly half a percent lower amid mixed cues. In today's trade, shares of RIL LTIMindtree among others will be in focus due to first quarter results.Shares of RIL, JSW Steel and Bandhan Bank will be in focus as the companies will announce their first quarter results today.Private lender Axis Bank has reported a 4% fall in its standalone net profit at Rs 5806 crore in the first quarter. The same stood at Rs 6,035 crore in the last year period.Jio Financial Services reported a 38% growth in its Q1FY26 consolidated net profit at Rs 325 crore versus Rs 313 crore in the year ago periodIT services company LTIMindtree reported an 11% growth in its Q1FY26 consolidated net profit to 1,255 crore versus Rs 1,135 crore in the year ago period.Polycab India reported a 50% growth in its Q1FY26 net profit to 592 crore versus Rs 396 crore in the year ago period.The IT service company reported an 11% growth in its Q1FY26 consolidated net profit at Rs 3,330 crore, compared to Rs 3,003 crore in the year-ago period.Tata Communications posted a 43% year-on-year drop in net profit to ₹190 crore for the quarter ended June 2025, down from Rs 333 crore last year.Indian Hotels reported its Q1 earnings, where its net profit was up 19% to Rs 296 crore as against Rs 248 crore (YoY).
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