Tale of the Tape 

Howdy folks!

Nifty and Sensex ended down -0.7% each as the Fed’s hawkish comments + FII outflows weighed on investor sentiment. Broader markets fared better with Midcaps and Smallcaps finishing flat. 320 stocks in the NSE 500 ended in the red.

Most sectors ended lower or were flat. Pharma (-0.6%), Banks (-0.6%) and IT (-0.5%) stocks were under selling pressure.

In today’s issue of the Daily Rip, we cover the Fed’s latest warning, Dr Reddy’s Canada flop, Sagility India & Aditya Birla Capital’s Q2 results, the Studd Accessories IPO and more.

Honourable Mentions:

Cipla was down -3% after announcing that its MD and CEO both would be replaced in a management reshuffle. Canara Bank (+3%) hit a 52-week-high after its Q2 profit jumped +19% YoY.

Check out the NSE 500 heatmap:

Earnings
Earnings Roundup

Sagility India hit a new all-time high on strong Q2 results. Robust US demand for its core healthcare vertical helped the topline post double-digit growth. Increasing AI automation aided margins and helped bag higher-value contracts. All of this resulted in a nice profit boost! FYI - Sagility also upped its FY26 revenue guidance to +21% YoY and EBITDA margin projection to +25%. No surprise that Jefferies hiked its target price to Rs 62 p/sh; implying a +13% upside from current levels.

Here are its key stats:

• Revenue: Rs 1,658 cr; +25% YoY

• EBITDA: Rs 415 cr; +38% YoY

• EBITDA Margin: 25% vs 22.7% last year

• PAT: Rs 251 cr; +2x

We’ve called out Sagility for a while here at Stocktwits. But the real takeaway is that there is value in the IT space still; just gotta find good opportunities whether it's in mid-tier firms or specialised players with a big growth runway.

Sagility India is +15% YTD.

Aditya Birla Capital (+5%) posted a strong set of Q2 numbers. Decent demand across lending verticals led to its overall loan book jumping +29% YoY to hit Rs 1.78 lakh cr. But really, everything was firing, with NBFC disbursements rising +14% YoY and its mutual fund average AUM growing +11% YoY.

FYI - don’t get fooled by the bottomline numbers. They fell because last year’s numbers had a one-off bump from the sale of its insurance broking subsidiary. Without that, profits were actually up +3% YoY.

Here is its Q2 report card:

• Revenue: Rs 12,481 cr; +4% YoY

• PAT: Rs 883 cr; -15% YoY

The company has had an insane 2025 despite multiple challenges across different financial services divisions. And the best part is that a lot of these concerns may ease in the coming quarters with interest rate cuts & increased consumer demand from GST hikes.

Aditya Birla Capital is +83% YTD.