NIFTY50, SENSEX extend losses in midday session; Kotak Mahindra, TCS, Tata Motors among buzzing stocks

Kotak Mahindra Bank was the biggest losing stock, tanking 6.65%, followed by Bharat Electronics (-1.92%), Bharti Airtel (-1.81%), Titan (-1.64%), and Nestle India (-1.21%).

On the other hand, Shriram Finance (2.69%), Cipla (1.66%), Hero MotoCorp (1.46%), Grasim Industries (1.29%), and Tata Consumer Products (1.24%) constituted the top gainers on the 50-share index.

Buzzing stocks on July 28: Check List

Kotak Mahindra Bank on Saturday reported a consolidated net profit of ₹4,472 crore for the June quarter and flagged stress on the retail commercial vehicle portfolio due to adverse macroeconomic conditions.

The consolidated net profit in the year-ago period was ₹7,448 crore, but it had included gains of over ₹3,000 crore on its stake sale in the general insurance arm, while the net profit for the March quarter stood at ₹4,933 crore.

On a standalone basis, the private sector lender's net profit dropped 7% year-on-year (YoY) to ₹3,282 crore, which was attributed to reverses on the core income front due to rate cuts by the RBI, slower growth in fee income, and also higher provisions.

Last seen, the stock was trading at ₹1,981 per share, tanking 6.75%.

India's largest IT services firm, TCS, is set to lay off about 2 percent, or 12,261 employees, of its global workforce this year, with the majority of those impacted belonging to middle and senior grades.

As of June 30, 2025, TCS's workforce stood at 613,069. It increased its workforce by 5,000 in the recently concluded June quarter.

The move is part of the company's broader strategy to become a "future-ready organisation," focusing on investments in technology, AI deployment, market expansion, and workforce realignment, TCS said in a statement.

At the time of writing, TCS shares were trading at ₹3,103.4 apiece on NSE, falling 1.03%.

Despite strong earnings in the June quarter, Lodha Developers shares tanked 7% on Monday, bringing down the overall sentiment of the realty stocks.

The company's MD and CEO, Abhishek Lodha, said the latest June quarter was its best-ever first-quarter pre-sales performance at ₹4,450 crore.

The performance would have been much better but for two weeks of uncertainties during the India-Pakistan conflict, which had an adverse effect, he added.

The total income rose to ₹3,624.7 crore in the April-June period of the 2025-26 fiscal year from ₹2,918.3 crore in the corresponding period of the preceding year.

Shares of Laurus Labs zoomed 7.6% to hit its 52-week high of ₹901.5 apiece on Monday. Last week, the pharma company recorded robust June quarter earnings for the financial year 2025-26. The firm also reported a third straight quarter of margin increasing above 20%.

The growth was fuelled by increasing uptake in CDMO deliveries and healthy business fundamentals.

Last seen, the stock was trading at ₹895.6 per share on NSE, soaring 6.91%.

Besides, the Government of Andhra Pradesh on Sunday allotted 531.77 acres of land in Anakapalli district to Laurus Labs for its new plant. The new unit will be used for manufacturing pharma products. This also added to the investors’ optimism—which led to a further rally.

The EU will be paying a 15% tariff for most goods exported to the US, including cars. The earlier levy on automobiles stood at 27.5%, and US President Donald Trump had threatened a 30% tariff on the bloc in case a deal did not take place before August 1.

The deal brought some relief to the market investors, as Tata Motors’ Jaguar Land Rover has a significant share in the US.

In April this year, Tata Motors’s JLR unit had paused shipments to the US. The company had taken the step to mitigate the impact of a 25% tax on vehicle imports imposed by the Trump administration.

Shares of Tata Motors were trading at ₹691 apiece on NSE, rising 0.52%.

Waaree Energies, which debuted on the stock market in October 2024, is a leading renewable energy company. It offers solar solutions, including panel manufacturing, EPC services, rooftop systems, and project development.

The Mumbai-headquartered company will post its earnings call on July 30 at 4:30 pm to discuss the latest first-quarter earnings.

Waaree Energies shares were last seen at ₹3,126 apiece on NSE, declining 2.26%.

On July 25, Shriram Finance had reported a 9% jump in its standalone net profit to ₹2,156 crore for the April-June quarter compared to the year-ago period. The company had reported a net profit of ₹1,981 crore in the year-ago period.

The leading non-banking lender’s total revenue from operations grew over 20% year-on-year (YoY) to ₹11,536 crore in Q1 FY26 as compared to ₹9,605 crore in the same quarter of the previous fiscal year.

The standalone net interest income (NII) for the first quarter of FY26 increased 12.55% to ₹6,026.43 crore as against ₹5,354.47 crore in Q1 FY25.