Ishan Crawford GIFT Nifty pointed to a 123-point higher open for the Nifty 50 on Wednesday as 111 companies, including Asian Paints, Waaree Energies, Vedanta Power and Vedanta Oil and Gas, prepared to report June-quarter results. Inox Wind stole early attention with a fresh ₹1,600 crore order.
The session stacked clear winners in renewables and diversified infrastructure against consumer names that beat estimates yet faced selling, and newly listed Vedanta units still proving their standalone footing.
Inox Wind Locks a ₹1,600 Crore NLC Repeat
Inox Wind announced a repeat 200 MW turnkey order from NLC India Limited valued at approximately ₹1,600 crore. The company will handle end-to-end execution: wind turbine generators, EPC and post-commissioning O&M. Commissioning is due within 24 months of the Letter of Award.
The win lifts Inox Wind’s order book to 4.7 GW, a mix of C&I customers, PSUs and IPPs. Shares rose as much as 3% in early trade after the stock had fallen more than 11% over the prior month.
This order is a strong validation of our integrated turnkey capabilities, execution expertise and technologically advanced product portfolio.
Sanjeev Agarwal, CEO of Inox Wind, said the diversified pipeline supplies significant growth visibility and that customers increasingly want OEMs that can take projects from concept to commissioning. On X, traders noted the contract equals roughly 1.3 times the firm’s latest quarterly revenue, giving multi-quarter visibility after a weak price stretch that left RSI near 32.
The 200 MW turnkey wind project details underscore how PSU renewable tenders continue to favour integrated players. Full coverage of the Inox Wind order book now 4.7 GW also quotes management on revenue visibility.
L&T Posts 14% Profit Rise and Rotates Orders
Larsen & Toubro reported consolidated net profit of ₹4,123 crore for the quarter ended 30 June 2026, up 14% from ₹3,617 crore a year earlier and above street estimates near ₹3,490 crore. Revenue rose 7% to ₹67,942 crore.
Order inflows hit ₹1,08,014 crore, also up 14%. International orders contributed 56% of inflows at ₹60,702 crore. The consolidated order book stood at roughly ₹7.8 lakh crore, up 5% sequentially, with international work still over half.
- PAT: ₹4,123 crore (+14% YoY)
- Revenue: ₹67,942 crore (+7% YoY)
- Order inflow: ₹1,08,014 crore (+14% YoY)
- Order book: ~₹7.8 lakh crore
EBITDA slipped 3% to ₹6,116 crore and margins contracted 90 bps to 9% on mix. Conventional energy orders fell sharply amid West Asia disruption, yet infrastructure, utilities, real estate, ferrous metals, offshore wind and heavy engineering more than offset the gap. Green energy inflows rose 58%.
Chairman and Managing Director S N Subrahmanyan said the year opened against geopolitical uncertainties and that the company rotated focus across sectors and geographies while keeping cash flows robust. Finance head R Shankar Raman noted ongoing discussions on both conventional and modular nuclear power. Investors can review the full set of L&T Q1 FY27 analyst materials on the company site.
Domestic strength and green wins therefore cushioned the hydrocarbon soft patch that hit many West Asia-exposed contractors.
Asian Paints Beats on Profit, Still Sees Selling
Asian Paints delivered a consolidated net profit near ₹1,550 crore for the June quarter, up more than 50% in one widely cited tally and around 39-40% in others that put the figure near ₹1,559 crore. Revenue rose in the high-single to mid-teens percent range depending on the exact consolidation, with operating margins expanding sharply on lower raw-material pressure and efficiency gains.
Gross margins widened by hundreds of basis points. India decorative volumes grew in double digits. International sales faced currency and liquidity headwinds in parts of Asia and Africa. Management pointed to a healthy festival season ahead and continued focus on cost control.
Despite the beat versus estimates, the stock fell several percent as investors booked profits after the strong print. The pattern is familiar for large FMCG and paint names when good numbers arrive already priced in.
Vedanta Power, Oil & Gas and Waaree Face the Tape
Vedanta Power and Vedanta Oil and Gas, listed after the group demerger earlier in 2026, were both scheduled to report. Earlier production updates showed Power sales up on better utilisation at assets such as Meenakshi Energy, while Oil and Gas faced volume pressure. The newly independent counters have been volatile since listing, with Oil & Gas seeing sharp multi-day swings.
A recent Vedanta promoter block deal remains part of the liquidity backdrop for the group names. Waaree Energies was also due to release Q1 numbers on the day; the solar major has posted strong prior-quarter growth and carries a large order pipeline, keeping it firmly on watchlists for renewable pure-plays.
Other names in the Upstox focus list included Adani Enterprises, Eicher Motors, Adani Ports, Dabur and MTAR Technologies among the 111 reporters.
RVNL Order, HUL Pricing and NBFC Beats
Several additional movers rounded out the day:
- Rail Vikas Nigam received a ₹358.97 crore LOA from East Central Railway for 41 km of doubling works on the Sitamarhi-Raxaul section.
- Hindustan Unilever flagged planned price hikes across categories in Q2 after sequential inflation of 2-5%; its own Q1 profit eased 3% to ₹2,680 crore.
- Capri Global Capital more than doubled profit to ₹353 crore on higher margins and efficiencies.
- Tata Capital lifted consolidated profit 56% to ₹1,547 crore with AUM up 22% and fresh gold-loan ambitions.
- Netweb Technologies jumped profit 180% to ₹85 crore.
- Paradeep Phosphates raised profit nearly 24% to ₹393 crore and approved a ₹250 crore aluminium fluoride plant.
- IndiGo’s annual report again flagged geopolitical airspace risks and crude volatility; an earlier IndiGo outlook and cost risks piece tracked the same sensitivity.
LIC named a new CFO and CRO in a separate filing.
Where the Money Flows on the Day
| Name | Catalyst | Immediate Stance |
|---|---|---|
| Inox Wind | ₹1,600 cr / 200 MW NLC order, book to 4.7 GW | Winner, volume and visibility |
| L&T | PAT +14%, orders +14%, green pivot | Winner, resilient book |
| Asian Paints | Profit beat, margin expansion | Loser on tape, profit booking |
| Vedanta Power / Oil & Gas | Q1 results, post-demerger trading | Mixed, volume divergence |
| Waaree Energies | Q1 due, solar pipeline | Watcher, renewable proxy |
The split is straightforward. Integrated renewable contractors and diversified EPC names that can rotate away from disrupted hydrocarbon corridors collect the fresh orders. Paint and select FMCG names deliver the earnings but meet valuation fatigue. Newly carved Vedanta energy units must still prove consistent standalone cash flows before the market assigns full multiples.
Traders on X treated the Inox print as confirmation that PSU wind awards keep flowing to balance-sheet-ready OEMs even after recent share-price weakness. L&T’s ability to double infrastructure inflows while green work accelerates drew similar quiet approval.
The Session Leaves Clear Camps
By midday the market had already sorted the list: Inox Wind and L&T sat in the winner column on order visibility and execution rotation. Asian Paints occupied the opposite seat despite a clean beat. Vedanta’s power and oil arms plus Waaree remained live variables as numbers hit the tape. That sorting, more than any single print, defined 29 July for the stocks in focus.
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