Indian stock markets witnessed notable movements following the release of several Q1 earnings reports. HBL Engineering Ltd shares surged over 13%, with a 79% year-on-year increase in profit after tax (PAT) to Rs 143 crore, and a 67% gain from March lows. The company also secured a Rs 54.12 crore Letter of Award (LoA) from West Central Railway for a KAVACH railway contract. Conversely, Amber Enterprises India saw its shares plunge 7%, contributing to a 1.5% decline in the BSE Consumer Durables Index. Astral Ltd shares tumbled nearly 8% after reporting a 33% year-on-year drop in Q1 PAT, hitting a three-month low. SJVN reported a 36% year-on-year decrease in net profit to Rs 22,758 lakh. Praj Industries shares fell sharply, hitting a 52-week low after weak Q1 results. Sonata Software Ltd led gainers in the 'A' group with a 12% surge following a volume spurt despite recent declines. Honasa Consumer shares rose 13-14% after strong Q1 results and an upgrade by CLSA, with Jefferies raising the target price to Rs 400. Apollo Hospitals shares climbed 6% to an all-time high on robust Q1 earnings and expansion plans. Pfizer India reported a 27.2% increase in net profit to Rs 191.7 crore and a 7.1% revenue growth, with margins improving. NMDC achieved a 23% revenue growth and record Q1 production in FY26, with its steel shares surging 17%. Brigade Group reported a 79% jump in Q1 profit to Rs 149 crore. Bajaj Housing Finance shares surged nearly 6% on expectations of an Offer for Sale (OFS) and announced special Independence Day home loan offers. Kalyan Jewellers shares rose over 6% following stellar quarterly results and a relief rally on Dalal Street. Waaree Energies and Premier Energies shares fell up to 4% after the US launched an anti-dumping duty probe into solar cells. Engineers India reported a 28.6% year-on-year decline in Q1 PAT to Rs 65 crore but saw growth in revenue and EBITDA. Cohance plans to invest Rs 110 crore in new facilities in Hyderabad and New Jersey. Overall, the market showed mixed responses to quarterly earnings with certain sectors like engineering, healthcare, and finance gaining, while consumer durables and some industrial stocks faced pressure.
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