Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, appointments, and order wins, here’s a quick look at which stocks will be in focus in today's trade:
HDFC Life Insurance Company, HDB Financial Services, ICICI Lombard General Insurance Company, ICICI Prudential Life Insurance Company, AWL Agri Business, Geojit Financial Services, GM Breweries, Hathway Cable & Datacom, Himadri Speciality Chemical, Just Dial, Bank of Maharashtra, Network 18 Media & Investments, Nureca, and Swaraj Engines will announce their quarterly earnings on July 15.
HCL Technologies Q1 (Consolidated YoY)
Profit falls 9.7% to Rs 3,843 crore Vs Rs 4,257 crore
Revenue grows 8.2% to Rs 30,349 crore Vs Rs 28,057 crore
EBIT increases 3.1% to Rs 4,942 crore Vs Rs 4,795 crore
EBIT margin drops to 16.3% Vs 17.1%
Revenue in dollar terms soars 5.4% to $3,545 million Vs $3,364 million
Company declares interim dividend of Rs 12 per share
Revenue growth in FY26 is expected to be between 3-5% in constant currency
Services revenue growth in FY26 expected to be between 3-5% in constant currency
EBIT margin to be between 17–18% for FY26
Tata Technologies Q1 (Consolidated YoY)
Profit increases 5.1% to Rs 170.3 crore Vs Rs 162 crore
Other income grows significantly to Rs 63.6 crore Vs Rs 23 crore
Revenue declines 2% to Rs 1,244.3 crore Vs Rs 1,269 crore
EBIT drops 16.2% to Rs 168.8 crore Vs Rs 201.4 crore
EBIT margin falls to 13.57% Vs 15.87%
Rallis India Q1 (YoY)
Profit zooms 98% to Rs 95 crore Vs Rs 48 crore
Revenue grows 22.2% to Rs 957 crore Vs Rs 783 crore
EBITDA soars 56.3% to Rs 150 crore Vs Rs 96 crore
Margin expands to 15.67% Vs 12.26%
Stocks to Watch
Deepak Fertilisers & Petrochemicals Corporation
Deepak Fertilisers & Petrochemicals Corporation has signed a long-term agreement with Petronet LNG for the regasification of liquefied natural gas (LNG). Under the terms of the agreement, Petronet LNG will regasify approximately 25 TBTUs of LNG annually, following an initial ramp-up period, primarily at its Dahej terminal. The regasified gas will be primarily supplied to the company and PCL’s manufacturing units at Taloja for internal consumption. The contract is valued at Rs 1,200 crore, with an additional outlay of up to 20% over the contract duration.
The company has secured an order worth Rs 498.39 crore from SJVN Thermal (P) for commissioning support and a comprehensive operation and maintenance (O&M) contract for the coal-based supercritical Buxar Thermal Power Project (BTPP) (2 x 660 MW) located in Buxar, Bihar. It has also received another order worth Rs 52.96 crore from Jhabua Power (a joint venture of NTPC) for O&M of boiler, turbine, and generator of a 1 x 600 MW unit at Seoni, Madhya Pradesh.
RailTel has received a work order worth Rs 264.07 crore from East Central Railway. The order involves the provision of Kavach, an indigenous train collision avoidance system, on low-density railway tracks of East Central Railway.
The company has entered into a settlement and license agreement with Incyte Corporation related to litigation concerning LEQSELVI (deuruxolitinib). As a result, Sun Pharma has announced the launch of LEQSELVI in the United States. The drug is indicated for the treatment of adults with severe alopecia areata.
The Board of Directors of the company will meet on July 17 to consider fundraising via equity shares or other securities, through a rights issue and/or any other permissible mode.
Life Insurance Corporation of India
The Government of India has appointed R Doraiswamy as the Chief Executive Officer and Managing Director of LIC for a three-year term, effective July 14.
The resolution plan of the consortium comprising Oberoi Realty, Shree Naman Developers, and JM Financial Properties and Holdings, under the Corporate Insolvency Resolution Process (CIRP) of Hotel Horizon, has been approved by the Committee of Creditors. The consortium will acquire Hotel Horizon for Rs 919 crore. The hotel holds 7,500 square meters of land at Juhu, Mumbai.
The company has received a submarine fuel system order worth Rs 46.26 lakh from Mazagon Dock Shipbuilders.
Bulk Deals
Leading Light Fund VCC – The Triumph Fund has sold 68.2 lakh shares at Rs 23.17 per share.
TVS Infrastructure Trust
Ambit Wealth has acquired 57.25 lakh units at Rs 100.56 per unit, while Larsen & Toubro sold 60 lakh units at the same price.
SME IPO Listing on July 15
GLEN Industries
Stocks Trade Ex-Dividend
Aditya Birla Real Estate
Computer Age Management Services
Grindwell Norton
IDBI Bank
Kirloskar Pneumatic Company
Mahindra & Mahindra Financial Services
Saint Gobain Sekurit India
Vinyl Chemicals (India)
Stock Trades Ex-Bonus
Anuh Pharma
Stock Trades Ex-Date for Income Distribution (InvIT)
Energy Infrastructure Trust
Stock Trades Ex-Date for Rights
Kilitch Drugs India
Stock in F&O ban
Glenmark Pharma
Hindustan Copper
RBL Bank
Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
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