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Om DSIJ/ 16 Jul 2026 /Categories: Mindshare, Trending

Tech Mahindra reported strong Q1 FY27 results, Wipro announced robust quarterly earnings and an interim dividend, while TVS Holdings approved a Rs 967 crore acquisition of Varthana Finance.

✨ Key Takeaways

The Nifty 50 traded in a narrow but volatile range on Thursday. The index opened at 24,142.10 and climbed to an Intraday high of 24,186.50 in early trade before profit booking erased the gains. Selling pressure intensified during the afternoon session, dragging the benchmark to an intraday low of 24,051.65, before a mild recovery in the final hour.

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At the close, the Nifty 50 settled at 24,072.75, down 5.75 points or 0.02 per cent. The Sensex ended almost flat, gaining 1.44 points to close at 77,186.87, while the Bank Nifty underperformed, falling 174.90 points or 0.30 per cent. Meanwhile, India VIX declined nearly 3 per cent to close below the 13 mark despite the day's intraday volatility.

Wipro Ltd, one of India's leading IT services and consulting companies, reported Q1 FY27 results with gross revenue rising 10.6 per cent YoY to Rs 24,480 crore, while net income increased 0.6 per cent YoY to Rs 3,360 crore. The company also secured large deal bookings worth USD 1.63 billion, up 12.9 per cent QoQ, and declared an interim Dividend of Rs 2 per share.

Tech Mahindra Ltd, a leading IT services and digital transformation company, reported a strong Q1 FY27 performance, with consolidated revenue rising to Rs 15,712 crore, while profit after Tax (PAT) increased to Rs 1,465 crore, reflecting continued improvement in operational performance. The company announced its audited standalone and consolidated financial results following the Board meeting held on July 16, 2026, highlighting sustained growth across its digital engineering, AI, cloud and enterprise transformation businesses.

TVS Holdings Ltd announced that its subsidiary, Home Credit India Finance Private Limited, has signed an agreement to acquire 100 per cent stake in Varthana Finance Private Limited for Rs 967 crore, subject to regulatory approvals. The acquisition will strengthen the group's financial services business by expanding into the education finance segment, with Varthana reporting FY26 turnover of Rs 398.31 crore and PAT of Rs 18.65 crore.