SENSEX, NIFTY50 extend losses in midday session; Sun Pharma, HUL, PNB Housing Finance among top buzzing stocks

The Indian stock market, after opening negative, extended its losses in the afternoon session on Thursday, August 1, amid weak global cues as the US tariff imposition kept market investors worried.

On the contrary, Trent rose 2.38%, taking the lead among gainers. Eicher Motors (2.36%), Asian Paints (2.07%), Hindustan Unilever (1.35%), and ITC (1%) were the other top gainers on the 50-share index.

Buzzing stocks on August 1: Checklist

Shares of drug major Sun Pharma tumbled nearly 6% to hit an intraday low of ₹1,608 apiece after its June quarter earnings.

Sun Pharmaceutical on Thursday reported a 19.64% year-on-year decline in its consolidated net profit for the quarter ended June 30, 2025. The net profit stood at ₹2,278.6 crore, compared to ₹2,835.6 crore in the same period last year.

The Mumbai-based pharma major witnessed an increase in revenue from operations by 9.47% to ₹13,851.4 crore for the first quarter compared with ₹12,652.75 crore in the year-ago period, the company said in a regulatory filing. Total income, which includes other income, rose to ₹14,315.8 crore from ₹13,185.3 crore in the corresponding period last year.

Last seen, shares of Sun Pharma were trading at ₹1,636.20 apiece on the National Stock Exchange, declining 4.13%.

Shares of food delivery firm Swiggy declined over 4% to hit an intraday low of ₹386.40 apiece after the company’s June quarter earnings failed to impress the market investors.

Last seen, the stock was trading at 2.39% down at ₹394.10 apiece on the National Stock Exchange.

Global investment bank Morgan Stanley has said it sees a slower pace of margin improvement for Swiggy while the growth in food delivery is living up to expectations. It described the June quarter as a balancing act for Swiggy.

Brokerage firm Jefferies has upgraded Swiggy, citing a high risk-reward play.

Swiggy on Thursday reported a consolidated net loss of ₹1,197 crore for the first quarter of the current financial year (Q1 FY26), up from ₹611 crore posted in the year-ago period. The company's net loss widened nearly 96% YoY. In the previous quarter (Q4 FY25), the Bengaluru-based firm posted a net loss of ₹1,081 crore.

Shares of liquor maker Radico Khaitan rose as much as 7.51% to hit a record high of ₹2,940. Radico Khaitan on Thursday had reported a consolidated net profit of ₹131 crore in the first quarter of the current financial year, marking an upside of 75% from ₹75 crore in the same period last year.

Its revenue from operations advanced 25% in the April-June period to ₹5,314 crore from ₹4,266 crore in the year-ago period.

The Delhi-based company reported strong operational performance as its EBITDA, also known as operating profit, advanced 58% to ₹232 crore from ₹147 crore in the corresponding period last year.

Shares of PNB Housing Finance nosedived 18% to hit its lower band of ₹807 on Friday as the company’s Chief Executive Officer and Managing Director Girish Kousgi resigned.

The housing finance firm said that Kousgi will step down from his role effective October 28, 2025, to pursue career aspirations outside the organisation.

The housing finance board will start a search for the post soon. “The Board will initiate a rigorous, transparent, and merit-based selection process to appoint a new leader who will further enhance the legacy of PNB Housing Finance. We are confident of identifying a suitable professional soon, who will further accelerate our strategic direction and long-term value creation,” said R. Chandrasekaran, Chairman of the Nomination and Remuneration Committee, Board of Directors of PNB Housing Finance.

Following the announcement, PNB Housing Finance declined. At the time of writing the article, the stock was trading at ₹810.95 apiece, tanking 17.35% on NSE.

Shares of Royal Enfield motorcycle maker Eicher Motors gained as much as 3.68% to hit an intraday high of ₹5,670 on the NSE a day after it reported June quarter earnings. On the BSE, Eicher Motors shares rose as much as 3.64% to touch an intraday high of ₹5,669.85.

Eicher Motors on Thursday reported a consolidated net profit of ₹1,205 crore in the first quarter of the current financial year (Q1FY26), marking an upside of 9% from ₹1,101 crore in the same period last year.

Eicher Motors' revenue from operations advanced 15% in the June quarter to ₹5,042 crore from ₹4,393 crore in the year-ago period.

The company reported stable operational performance in the first quarter as its EBITDA, also known as operating profit, advanced 3.26% to ₹1,203 crore as against ₹1,165 crore in the same period last year.

Anil Ambani-led firms, Reliance Infrastructure and Reliance Power, share tumbled 5% to touch their intraday lows after reports of the Enforcement Directorate (ED) summoning the chairman for questioning on August 5 in an alleged loan fraud-linked money laundering case against his group companies.

According to news agency Press Trust of India (PTI), Ambani has been asked to depose at the ED headquarters in Delhi, as the case has been registered in the city.

People with knowledge on the matter had told PTI that the agency will record his statement under the Prevention of Money Laundering Act (PMLA) once he deposes.

Following the development, Reliance Infrastructure shares tanked 5% to hit an intraday high of ₹311.70 on NSE. Reliance Power shares were also impacted as it touched an intraday low of ₹50.09 per share on NSE.

Shares of Hindustan Unilever (HUL) continue to rise for the second day after the FMCG firm’s strong June quarter earnings. At the time of writing the article, HUL shares were trading at ₹2,555 apiece on NSE, rising 1.34%. It jumped 8% on Friday to hit its intraday high of ₹2,727.50 per share.

The FMCG major had reported a 6% increase in its consolidated net profit at ₹2,756 crore for the quarter ended June 30 of fiscal year 2025-26 as compared to ₹2,610 crore in the same quarter of the previous fiscal year.

The company’s revenue from operation stood at ₹16,296 crore in Q1 FY26 in contrast to ₹15,497 crore in the corresponding quarter of last year, marking a growth of 5%.

 HUL also reported a consolidated Underlying Sales Growth (USG) of 5% and an Underlying Volume Growth (UVG) of 4%. On a standalone basis, it reported an underlying sales growth of 4%, an underlying volume growth of 3%, and a PAT growth of 8%.