Stock-specific action dominated the market on August 5, with investors reacting to another batch of June-quarter earnings even as the benchmark indices traded in a narrow range. Strong earnings and company-specific developments continued to drive sharp moves across mid- and small-cap stocks. $SFL gained 2% after posting a more than nine-fold jump in Q1 profit to ₹61.4 crore, supported by a 25.6% YoY increase in revenue to ₹1,031.9 crore. In contrast, $MCX slipped 3% despite reporting a 103.5% YoY jump in profit to ₹413.4 crore and an 88.1% rise in revenue to ₹702 crore, suggesting profit-booking after recent gains. Meanwhile, $NHPC traded in the green after reporting a 2.9% YoY increase in Q1 profit to ₹1,095.9 crore, while revenue grew 18.5% YoY to ₹3,808.3 crore.

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