Ashok Leyland, Wipro, Alkem, BDL, Delta Corp, Zydus, HBL, Finolex shares in focus today May 29, 2026

Supreme Court ruling: Online gaming sector hit

The Supreme Court upheld the 28% GST levy on online gaming platforms on the full face value of bets placed, with tax notices confirmed as valid. Delta Corp and Nazara Technologies face direct balance sheet impact as large tax liabilities crystallise.

Q4 FY26 Results: Negatives

Bharat Dynamics posted one of the sharpest revenue collapses of the season, with Q4 revenue falling 73% to ₹480 crore from ₹1,776 crore, and net profit dropping to ₹113 crore from ₹272 crore. DCX Systems reported revenue of ₹207 crore against ₹550 crore, swinging to a net loss of ₹30 lakh from a profit of ₹10 crore. Graphite India widened its net loss to ₹104 crore from ₹50 crore on revenue of ₹816 crore. Deepak Fertilizers halved profit to ₹139 crore from ₹278 crore despite revenue growing to ₹3,011 crore. Hikal saw profit fall to ₹14.40 crore from ₹50.20 crore on revenue of ₹520 crore against ₹550 crore. Pokarna’s profit more than halved to ₹25.6 crore from ₹58.9 crore as revenue fell to ₹147 crore from ₹262 crore on tariff headwinds. Arkade Developers swung to a net loss of ₹109 crore from a profit of ₹33 crore. Indostar Capital Finance posted a net loss of ₹420 crore against a profit of ₹12.40 crore. Technvision Ventures widened its net loss to ₹4.20 crore from ₹83 lakh.

Q4 FY26 Results: Neutral

Ashok Leyland posted net profit of ₹1,381 crore against ₹1,245 crore on revenue of ₹17,246 crore against ₹14,695 crore, an in-line quarter flagged for truck demand uncertainty. Finolex Cables reported profit of ₹224 crore against ₹191 crore on revenue of ₹1,951 crore against ₹1,594 crore. Apar Industries posted profit of ₹253 crore against ₹250 crore on revenue of ₹6,602 crore against ₹5,209 crore. Alkem Labs reported profit of ₹236 crore against ₹305 crore on revenue of ₹3,606 crore against ₹3,143 crore, a profitability miss against estimates with in-line guidance. Avanti Feeds posted profit of ₹125 crore against ₹152 crore on revenue of ₹1,460 crore. Procter and Gamble Hygiene and Health Care saw revenue decline to ₹941 crore from ₹991 crore with margins improving. TBO Tek reported profit of ₹60 crore against ₹59 crore on revenue of ₹814 crore against ₹446 crore, with organic GTV up 16% and consolidated GTV up 29%. Cello World posted profit of ₹90.10 crore against ₹96.10 crore on revenue of ₹650 crore against ₹590 crore. Esab India posted profit of ₹43.50 crore against ₹47.40 crore on revenue of ₹400 crore against ₹370 crore. Munjal Auto Industries reported profit of ₹1.90 crore against ₹4 crore on revenue of ₹380 crore against ₹310 crore. Thejo Engineering posted profit of ₹15.80 crore against ₹15.20 crore on revenue of ₹181 crore against ₹153 crore. Nahar Poly Films posted profit of ₹20.5 crore against ₹14 crore on revenue of ₹167 crore. HPL Electric and Power reported profit of ₹28.70 crore against ₹32.70 crore on flat revenue of ₹510 crore. Simplex Infrastructures posted profit of ₹19 crore against ₹43 crore on flat revenue of ₹283 crore. Kamdhenu reported near-flat profit of ₹17.40 crore against ₹17.10 crore on revenue of ₹210 crore. Quadrant Future Tek posted profit of ₹1.10 crore against ₹1.60 crore on slightly lower revenue of ₹56.60 crore against ₹58.50 crore. Singer India reported profit of ₹5.90 crore against ₹4.10 crore on revenue of ₹166 crore against ₹121 crore, alongside a ₹436.55 crore allocation for manufacturing expansion. Ivalue Infosolutions posted profit of ₹42.50 crore against ₹38.20 crore on revenue of ₹270 crore against ₹260 crore. Gokul Refoils posted profit of ₹5.8 crore against ₹6.6 crore on revenue of ₹1,055 crore against ₹860 crore. One Point One Solutions reported profit of ₹10.30 crore against ₹8.70 crore on revenue of ₹96.20 crore against ₹67 crore.

Corporate positives

HBL Engineering received a Letter of Award worth ₹1,714 crore from Chittaranjan Locomotive Works for commissioning KAVACH loco equipment across locomotives. Wipro’s US-listed ADR surged more than 18% overnight after the company expanded its ServiceNow partnership to embed agentic AI workflows across core enterprise functions. Zydus Lifesciences received FDA priority review for a liver disease drug application. Wockhardt received CDSCO approval for ZAYNICH for treating complicated urinary tract infections and gram-negative bacteremia in adults. Indoco Remedies’ Baddi oral solid dosage manufacturing unit received EU-GMP certification from a German health authority, and ICICI Prudential Mutual Fund picked up a 1.5% stake in the company via open market transactions. Goodluck secured a ₹52.20 crore domestic order for 20,000 155mm artillery shells in ready-to-fill condition. Linde India commenced commercial production at a 1,450-tonne-per-day air separation unit at Jindal Stainless’ Kalinganagar facility. HG Infra emerged as successful bidder for an inter-state transmission project in Jharkhand with annual transmission charges of ₹114.53 crore. Tata Elxsi launched AnaTel AI in collaboration with OpenAna targeting healthcare and med-tech software development. Grindwell Norton signed renewable energy agreements with Sunsure Energy and Murli Solar Energy. Rites and Crisil signed an MoU to offer data-driven solutions. Oil India’s subsidiary signed a joint venture with Hindustan Waste Treatment for bioenergy and sustainable waste management. Pine Labs saw SBI Mutual Fund and Nippon India Mutual Fund buy ₹272 crore worth of shares. Euro Pratik Sales saw promoter Singhvi Pratik Gunwant buy 5.45 lakh shares at ₹258.82 per share. Indoco Remedies also saw ICICI Prudential Mutual Fund pick up a 1.5% stake. Mphasis launched an AI agency platform. Coal India’s OFS was subscribed 8.14 times on Day 1. Zydus Life increased its buyback price. Godfrey Phillips signed a contract manufacturing pact with Polisetty Somasundaram.

Corporate negatives

PB Fintech founders are set to sell a 0.8% stake via a block deal, creating near-term supply pressure on the stock. Swiggy shareholders did not approve a special resolution at the AGM. Patanjali Foods received a ₹1,353 crore tax notice from the Chennai tax body.

Other developments

Reliance Industries has set June 19 for its 49th AGM via video conferencing. Ather Energy is expanding into insurance through a new subsidiary called Ather Insurance Limited. HCL Tech launched an autonomous finance platform powered by Google Cloud’s Gemini Enterprise. AB Cotspin reported profit of ₹2 crore against ₹1.90 crore on revenue of ₹100 crore against ₹85 crore.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult a qualified financial advisor before making any investment decisions.