Revenue growth at 17 per cent (excluding oil & gas, metals, and financials) reached a 12-quarter high, though this was offset by margin compression of 122 bps.
Favourable base, stronger domestic activity, government capex and operating leverage were seen aiding the SMIDs' Q1 FY27 results.
Analysts highlighted improving rural demand, premiumisation and a gradual recovery in consumption as key positives.
The proposed changes include lower collateral requirements in cash equities and measures to encourage longer-dated derivatives as foreign ownership hits a 17-year low
Despite a beat of this size, we have cut FY27 Nifty EPS by 0.4 per cent and raised FY28 by 0.3 per cent. A quarter this good produced no upgrade cycle.
India's largest private lender plans to raise at least $500 million each through three-year and five-year bonds as banks rush to complete overseas fundraising
The government has cut sugar stock limits for bulk consumers to 15 days from September 1, as prices hit record highs ahead of the upcoming festive season
Taxman tracks foreign remittances: What parents, investors should know
Bitcoin climbed to around $69,500 after a wave of short covering, amid Trump's meeting with crypto executives and lower borrowing costs adding to buying momentum
Avadh Sugar & Energy and Bajaj Hindustan gained over 6 per cent. Meanwhile, Dwarikesh Sugar Industries, Shree Renuka Sugars, Dhampur Sugar Mills gained up to 5 per cent on NSE in intra-day deals.