Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, fund raising and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:
Axis Bank, Wipro, Jio Financial Services, LTIMindtree, HDFC Asset Management Company, 360 ONE WAM, Alok Industries, Ceat, Clean Science and Technology, Indian Hotels Company, Nuvoco Vistas Corporation, Polycab India, Shoppers Stop, South Indian Bank, Sunteck Realty, Sterling and Wilson Renewable Energy, Tata Communications, and Waaree Renewable Technologies will release their quarterly earnings scorecard on July 17.
Tech Mahindra Q1 (Consolidated YoY)
Profit zooms 34% to Rs 1,140.6 crore Vs Rs 851.5 crore
Revenue grows 2.7% to Rs 13,351.2 crore Vs Rs 13,005.5 crore
EBIT soars 34% to Rs 1,477.1 crore Vs Rs 1,102.3 crore
Margin expands to 11.06% Vs 8.47%
Other income jumps 50.9% to Rs 218.3 crore Vs Rs 144.7 crore
Dollar revenue rises 0.3% to $1,564 million Vs $1,559 million
New deal wins at $809 million Vs $534 million
Angel One Q1 (Consolidated YoY)
Profit tanks 61% to Rs 114.5 crore Vs Rs 292.7 crore
Revenue declines 18.8% to Rs 1,140.5 crore Vs Rs 1,405.5 crore
L&T Technology Services Q1 (Consolidated YoY)
Profit rises 0.7% to Rs 315.7 crore Vs Rs 313.6 crore
Revenue grows 16.4% to Rs 2,866 crore Vs Rs 2,461.9 crore
EBIT falls 0.6% to Rs 381.3 crore Vs Rs 383.6 crore
Margin declines to 13.3% Vs 15.6%
Dollar revenue soars 13.6% to $335.3 million Vs $295.2 million
Company expects to clock double-digit growth in FY26
Le Travenues Technology-Ixigo Q1 (Consolidated YoY)
Profit zooms 27.5% to Rs 18.9 crore Vs Rs 14.9 crore
Revenue surges 72.9% to Rs 314.5 crore Vs Rs 181.9 crore
Business Update (June YoY)
Passenger traffic grows 0.9% to 97.93 lakh
Domestic passenger traffic increases 2.9%
International passenger traffic jumps 4.6%
Aircraft movements rise 2.6% to 61,251
Stocks to Watch
The company has announced the standardization of six airbags in the Ertiga and Baleno. This will result in an average ex-showroom price increase of 1.4% for the Ertiga and 0.5% for the Baleno, effective July 16.
The Board of Directors of the bank has approved the launch of a Qualified Institutional Placement (QIP) issuance on July 16, with the floor price set at Rs 811.05 per share. This floor price is lower than the closing price of Rs 831.55 per share on Wednesday.
The real estate developer has announced its entry into Raipur through the acquisition of 50 acres of land. Development on this land will primarily consist of premium plotted residential units, offering an estimated saleable area of 9.5 lakh square feet.
The Ministry of Mines has issued a Letter of Intent to Hindustan Zinc, naming it the preferred bidder for the grant of a composite license through the e-auction of the Jhandawali–Satipura Amalgamated Potash and Halite block in Rajasthan. The block covers an extent of 1,841.25 hectares in the Hanumangarh district.
The US Food and Drug Administration (USFDA) conducted a Remote Regulatory Assessment (RRA) at Zydus’ formulations manufacturing facility in Matoda, Gujarat, for the Prior Approval Supplement (PAS) of Atorvastatin Calcium Tablets USP (10 mg, 20 mg, 40 mg, and 80 mg). At closure, no observations were noted, and the site was recommended for approval.
Emcure has entered into an exclusive distribution and promotion agreement with Sanofi India for Sanofi’s oral anti-diabetic (OAD) drugs, including Amaryl and Cetapin, in India. The agreement is effective immediately.
JSW Hydro Energy (subsidiary of JSW Energy)
The Supreme Court has upheld Himachal Pradesh’s right to receive 18% of power free of cost generated by JSW Hydro Energy, as per the agreement. A bench comprising Justices P S Narasimha and Joymalya Bagchi set aside the Himachal Pradesh High Court's earlier ruling, which had reduced the free power supply to 13%. JSW Hydro Energy operates a 1,045 MW hydroelectric project at Karcham Wangtoo, Himachal Pradesh.
Mainboard IPO Listing on July 17
Smartworks Coworking Spaces
Stocks Trade Ex-Dividend
Coromandel International
Duncan Engineering
GHCL
Graphite India
Oriental Hotels
PDS
Stocks in F&O ban
Angel One
Hindustan Copper
Stocks out of F&O ban
Glenmark Pharma
RBL Bank
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