Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, appointments, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:
Q1FY26 Earnings Update (Provisional)
Mahindra and Mahindra Financial Services Q1 (YoY)
Overall disbursement grows 1% to Rs 12,800 crore
Business assets increase 15% to Rs 1.22 lakh crore
Collection efficiency at 95% Vs 94%
As of June 2025, Stage-3 estimated in range of 3.8-3.9% Vs 3.7% QoQ & 3.6% YoY
As of June 2025, Stage-2 estimated in range of 5.8-5.9% Vs 5.4% QoQ & 6.1% YoY
Company enjoys comfortable liquidity position on its balance sheet, with liquidity chest of over Rs 9,600 crore
Punjab National Bank Q1 (YoY)
Global business grows 11.6% to Rs 27.19 lakh crore Vs Rs 24.36 lakh crore
Domestic business increases 11.1% to Rs 26.17 lakh crore Vs Rs 23.54 lakh crore
Global deposits jump 12.8% to Rs 15.89 lakh crore Vs Rs 14.08 lakh crore
Domestic deposits soar 12.2% to Rs 15.37 lakh crore Vs Rs 13.7 lakh crore
Global advances rise 9.9% to Rs 11.31 lakh crore Vs 10.28 lakh crore
Domestic advances grow 9.7% to Rs 10.80 lakh crore Vs Rs 9.84 lakh crore
Indian Bank Q1 (YoY)
Total business soars 10.2% to Rs 13.44 lakh crore Vs Rs 12.2 lakh crore
Total deposits grow 9.3% to Rs 7.44 lakh crore Vs Rs 6.81 lakh crore
Gross advances increase 11.3% to Rs 6 lakh crore Vs Rs 5.39 lakh crore
Avenue Supermarts Q1 (YoY)
Standalone revenue zooms 16.2% to Rs 15,932.12 crore Vs Rs 13,711.87 crore
Total number of stores as of June 2025 stood at 424
Hindustan Zinc Q1 (YoY)
Mined metal production increases 1% to 2.65 lakh tonnes Vs 2.63 lakh tonnes
Saleable metal production drops 5% to 2.5 lakh tonnes Vs 2.62 lakh tonnes
Refined zinc production declines 4% to 2.02 lakh tonnes Vs 2.11 lakh tonnes
Refined lead production falls 6% to 48,000 tonnes Vs 51,000 tonnes
Stocks to Watch
Harindarpal Singh Banga and Indra Banga are likely to sell a 2.1% equity stake in the company via block deals, reports CNBC-TV18 quoting sources. The block size may be around Rs 1,200 crore.
Shilpi Singh has resigned from the position of Director – People Experience, effective August 14. However, the Board has appointed Reshma Parida as Senior Director – People Experience of the company, effective August 1. Currently, Reshma Parida serves as Senior Director – People Experience for APAC, AfME, and SBO APAC Cluster of the company.
The company’s subsidiary, CuraTeQ Biologics s.r.o., has obtained marketing authorization from the European Commission for Dazublys, its trastuzumab biosimilar version. Dazublys is used in the treatment of adult patients with HER2-positive breast and gastric cancers. Additionally, Pharmacin BV has merged with its holding company, Agile Pharma BV, effective July 1. Both are wholly owned step-down subsidiaries of the company and are incorporated in the Netherlands.
Shareholders have approved raising equity share capital of up to Rs 4,000 crore through QIP, FPO, rights issue, or ESPS during FY26.
The Board has recommended to the shareholders, for approval at the ensuing Annual General Meeting, the issuance of non-convertible debentures (NCDs) amounting to Rs 10,000 crore on a private placement basis, in one or more tranches.
The company has received a Show Cause Notice from the Central GST Commissionerate, Dehradun, alleging short payment of GST for the financial years 2018–19 to 2020–21 by Universal Comfort Products (which was merged with the company during FY21). The Show Cause Notice seeks an explanation as to why the tax amount of Rs 265.25 crore should not be demanded, along with interest and penalty.
The company has acquired a 51% equity stake in Shree Vrajendra Foods, a Rajkot-based manufacturer and trader of foodgrains, edible oils, and other food staples. It plans to invest Rs 10 crore in Shree Vrajendra Foods over the next two years to expand its operations.
Motilal Oswal Financial Services
Motilal Oswal Asset Management Company has achieved a significant milestone, with its Assets Under Management (AUM) crossing Rs 1.5 lakh crore.
Chandan Kumar Verma has been appointed as Chief Financial Officer (CFO) of the company, effective July 2. Currently, he serves as Executive Director – Finance at the company.
The FMCG company has added a new Maggi Noodles production line at its Sanand factory in Gujarat. This new line was developed with an investment of Rs 105 crore.
Pankaj Sharma has resigned from the position of Chief Strategy and Transformation Officer of the bank, effective July 2, to pursue opportunities outside the organization.
The Board has appointed Sunil Chandra as Managing Director and Chief Financial Officer of the company, effective July 2.
Axis Max Life Insurance, a material subsidiary of the company, has received a communication from an anonymous sender claiming unauthorized access to certain customer data. As an immediate measure, Axis Max Life has initiated an information security assessment and data log analysis. A detailed investigation is underway, in consultation with information security experts, to assess the root cause of the incident and take remedial action as necessary.
Bulk Deals
Negen Capital Services has purchased 3.88 lakh shares (0.58% stake) at a price of Rs 921.12 per share, valued at Rs 35.8 crore.
Mainboard Listing on July 3
Indogulf Cropsciences
SME Listing on July 3
Ace Alpha Tech
Valencia India
Pro FX Tech
Moving Media Entertainment
Stocks Trade Ex-Dividend
VST Industries
NDR Auto Components
Stock in F&O ban
RBL Bank
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