MoneyWorks4Me

Dr. Reddy's, Escorts Kubota and M&M to see some action today

03 Aug 2026 Evaluate

Dr. Reddy's Laboratories has received approval from U.S. Food and Drug Administration (USFDA) for its rituximab biosimilar, a biosimilar to Rituxan (rituximab), for the U.S. market. The approval further strengthens its growing global biosimilars portfolio and advances its biosimilars business in the United States. Rituximab is a monoclonal antibody that selectively targets the CD20 protein expressed on B-cells. By binding to CD20, rituximab induces B-cell depletion through multiple immune-mediated mechanisms.

Escorts Kubota’s Agri Machinery Business has sold 8,731 tractors in July 2026, registering a growth of 22.0% as against 7,154 tractors sold in July 2025. Domestic tractor sales in July 2026 were at 8,194 tractors, registering a growth of 23.7% as against 6,624 tractors in July 2025. Meanwhile, export tractor sales in July 2026 stood at 537 tractors, registering a growth of 1.3% as against 530 tractors sold in July 2025.

Mahindra & Mahindra’s (M&M) Farm Equipment Business has reported total tractor sales of 34,420 units in July 2026, registering a growth of 20% as compared with 28,708 units in July 2025. Domestic tractor sales stood at 32,643 units in July 2026, as compared with 26,990 units in July 2025, registering a growth of 21%. Exports increased 3% to 1,777 units in July 2026 from 1,718 units in July 2025.

Maruti Suzuki India has reported a 33.73% rise in total sales (Domestic + Export) to 2,41,421 units in July 2026 as compared to sales of 1,80,526 units in July 2025. Total domestic vehicle sales, including light commercial vehicles (LCV), grew 42.37% to 2,00,123 units in July 2026 as compared to 1,40,570 units in the same month last year.

NCC has received three orders aggregating to Rs 1052.71 crore (excl. GST), during the month of July 2026. Of these orders received, Rs 590.38 crore pertains to the buildings division and Rs 462.33 crore pertains to the water division of the company.

SML Mahindra has reported total sales of 1603 units in July 2026, registering a growth of 12% compared to 1427 units sold in July 2025. The growth was primarily driven by the Passenger Vehicles category, where sales increased by 21% to 1186 units in July 2026 from 978 units in the corresponding month last year. However, Cargo Vehicles sales declined 7% to 417 units in July 2026 from 449 units a year ago month.

GAIL (India) has reported a 96.92% rise in its consolidated net profit at Rs 4,665.36 crore for Q1FY27, as compared to Rs 2,369.20 crore for the same quarter in the previous year. Total income increased by 16.61% to Rs 41,482.65 crore for Q1FY27 as compared to Rs 35,572.94 crore for the corresponding quarter of the previous year. 

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