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Business Standard
14-07-2025
- Business
- Business Standard
Stocks to Watch today, July 14: VIP Industries, Adani Green, NCC, DMart
Stocks to Watch today, July 14: The Indian stock market is poised for a flat start on Monday, with a negative bias, as cautious sentiment continues to dominate the D-street. Benchmark indices concluded last week's trading session in red as uncertainty on the trade tariff front and the Jane Street incident at home kept the overall investor mood jittery. At 7:13 AM, GIFT Nifty futures were trading at 19 points lower at 25,172, signalling a flat start. Global markets remained mainly flat as Wall Street failed to carry forward the recent optimism, despite hitting 52-week highs in the tech-led rally driven by Nvidia. The S&P 500 concluded Friday's trading session at 6,259.75, down by 0.33 per cent or 20 points. The tech-heavy index, Nasdaq, settled at 20,585.53, down by 0.22 per cent. In the Asia-Pacific region as well, market sentiment remained mixed. Japan's Nikkei started the week on a subdued note, trading at 39,359.70, down by 209 points or 0.53 per cent. However, South Korea's Kospi was trading at 3,192.58, higher by 0.53 per cent. Meanwhile, the Hang Seng index was also trading higher, at 24,176.38, up by 0.16 per cent. While IT giant Tata Consultancy Services' (TCS) first quarter results for the financial year 2025-2026 failed to impress the D-street, market analysts believe that earnings will continue to give directional cues. Besides, investors will closely watch out for the upcoming economic data announcements, which include inflation figures from the US as well as India. On top of that, China is expected to release its GDP numbers. Q1FY26 results today Major tech firms, including HCL Tech and Tata Tech, will be announcing their Q1FY26 results today. Meanwhile, Benares Hotels, Den Networks, Ola Electric Mobility, Tejas Networks and Sambhav Steel Tubes are some of the other firms set to release their earnings for Q1FY26. Here is a list of stocks to watch today: Glenmark Pharmaceuticals: The company has received a warning letter from the US FDA for its Indore facility in Madhya Pradesh, following an inspection carried out between February 3 and February 14, 2025. In its latest exchange filing, the pharma company mentioned that the warning letter is not expected to impact current supplies or existing revenues from this site. Avenue Supermarts: The company announced its results for the first quarter of the financial year 2025-2026 last week. D-Mart's parent company reported total revenue of ₹15,932 crore, up from ₹13,712 crore recorded in the same period last year. Ebitda stood at ₹1,313 crore, compared to ₹1,221 crore in Q1FY25, whereas the Ebitda margin declined to 8.2 per cent from 8.9 per cent year-on-year (Y-o-Y). Net Profit stood at ₹830 crore for Q1FY26, as against ₹812 crore reported in the corresponding quarter of last year. Rail Vikas Nigam Ltd (RVNL): The company has received a Letter of Award (LOA) from the South Central Railway for a project involving the design, supply, testing and commissioning of OHE upgradation from a 1X25kV system to a 2X25kV system. The work covers feeder and earthing systems in the Duvvada–Rajahmundry and Samalkot–Kakinada Port sections of the Vijayawada Division, spanning 195.5 RKM / 391 TKM. The contract is valued at ₹213.22 crore. Zydus Lifesciences: The subsidiary company of the firm, Zydus Pharmaceuticals USA Inc., has entered into a definitive agreement with Agenus Inc. and Agenus West LLC to acquire two biologics manufacturing facilities located in Emeryville and Berkeley, California. As part of the transaction, Zydus Pharmaceuticals USA Inc. has now incorporated a wholly owned subsidiary named Zylidac Bio LLC, which will be responsible for acquiring the target assets from Agenus. Orient Green Power: The company's material subsidiary, Bharath Wind Farm Ltd. (BWFL), has received a notice from the Income Tax Department, National Faceless Appeal Centre (NFAC). As per the exchange filing, the notice pertains to the disallowance of depreciation amounting to ₹4.37 crore for assessment year 2015–16, resulting in a tax liability of ₹4.35 crore (including ₹2.62 crore as interest). Titagarh Rail Systems: The company has entered into a 99-year lease agreement with the Governor of West Bengal for approximately 40.009 acres of land at Mouza Kotrung and Mouza Bhadrakali, Uttarpara, for a total consideration of ₹126.63 crore. The land will be used to set up additional production infrastructure, including dedicated zones for forming, testing and commissioning of metro coaches and Vande Bharat trains. It will also include a test track to carry out dynamic and running tests to ensure performance and safety before delivery. Hindustan Copper Ltd.: The company said in its recent exchange filing that the 50 per cent copper tariff announced by the US is unlikely to have any effect on its business. "Hindustan Copper Ltd (HCL) mines copper ore and beneficiates the same into copper concentrate. This copper concentrate is sold principally in India and hence HCL may have no effect of tariff on copper, if imposed by the USA," the filing read. Bharat Earth Movers Ltd. (BEML): The state-owned firm informed in an exchange filing that its board will meet on July 21, 2025 to consider a stock split. If the company board agrees on the proposal, it will mark BEML's first ever stock split. VIP Industries: In a recent exchange filing, the company announced that the promoter group of VIP Industries, led by Dilip Piramal and family, has signed an agreement to sell up to 32 per cent stake in VIP Industries. This deal is expected to trigger an open offer for 26 per cent. Sula Vineyards: The company's net revenue from operations figure declined 7.9 per cent to ₹118.3 crore in Q1FY26 compared to ₹128.4 crore in Q1FY25. However, excluding the one-time WIPS unwinding benefit of ₹10.4 crore in the base quarter, revenue saw a marginal rise of 0.2 per cent to ₹118.3 crore. Revenue from own brands dropped 10.8 per cent Y-o-Y to ₹102.3 crore as against ₹114.6 crore reported in the corresponding quarter of the previous fiscal. Meanwhile, wine tourism continued to perform well, with revenue increasing 21.8 per cent to ₹13.7 crore from ₹11.3 crore. Adani Green: The company has issued equity shares to Ardour Investment Holding Ltd., part of its promoter group, after the latter exercised its share warrants. Last year, the company had allotted 6.31 crore convertible warrants to Ardour via a preferential issue at ₹1,480.75 per warrant. At that time, 25 per cent of the amount (₹370.19 per warrant) was paid upfront. Rail India Technical and Economic Service (RITES Ltd.): The company bagged an order from the Department of Collegiate and Technical Education (DCTE), Karnataka, for the construction and renovation of Government First Grade Colleges across various locations in the state under the PM USHA Scheme. The total project cost, including RITES' fees, stands at ₹46.82 crore, as per the exchange filing. NCC: The company announced that it has secured a contract from the Mumbai Metropolitan Region Development Authority (MMRDA), as per the Letter of Acceptance dated July 11, 2025. The project involves the design, manufacturing, supply, installation, integration, testing and commissioning of rolling stock, signaling and train control systems, telecom systems, platform screen doors and depot machinery for the Swami Samarth Nagar to Vikhroli (EEH) stretch. The contract is valued at ₹2,269 crore, according to the exchange filing.
Business Standard
11-07-2025
- Business
- Business Standard
Indices drop for third day amid Trump tariff fears, selloff in IT stocks
The key benchmark indices closed deep in the red on Friday, marking their third consecutive day of losses as investors grappled with global trade tensions and disappointing cues from the IT sector. The Nifty 50 settled just under the 25,150 mark, weighed down by declines in IT and auto stocks. However, sectors like pharma and FMCG managed to attract some buying interest. The slide in technology shares was primarily triggered by investor reaction to Tata Consultancy Services' (TCS) Q1 earnings, which failed to meet heightened expectations. Sentiment was further dented by geopolitical jitters after US President Donald Trump announced sweeping new tariffs on Canadian imports and hinted at similar action against other trade partners. The S&P BSE Sensex tumbled 689.81 points or 0.83% to 82,500.47. The Nifty 50 index dropped 205.40 points or 0.81% to 25,149.85. In three consecutive trading sessions, the Sensex declined 1.45%, while the Nifty fell 1.46%. TCS (down 3.46%), Reliance Industries (down 1.47%) and HDFC Bank (down 1.14%) were major drags. The broader market outperformed. The S&P BSE Mid-Cap index shed 0.65% and the S&P BSE Small-Cap index rose 0.70%. The market breadth was negative. On the BSE, 1,551 shares rose and 2,453 shares fell. A total of 161 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 1.24% to 11.82. Numbers to Track: The yield on India's 10-year benchmark federal paper shed 0.16% to 6.308 from the previous close of 6.318. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 85.77 compared with its close of 85.70 during the previous trading session. MCX Gold futures for 5 August 2025 settlement gained 0.81% to Rs 97,479. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.12% to 97.44. The United States 10-year bond yield rose 0.67% to 4.388. In the commodities market, Brent crude for September 2025 settlement added 31 cents or 0.45% to $68.95 a barrel. Global Markets: The US Dow Jones index futures were currently down by 312 points, signaling a negative opening for US stocks today. European shares traded lower on Friday after data revealed that the U.K. economy unexpectedly contracted again in May, unable to recover from the impact of U.S. tariffs and ongoing business uncertainty. According to data from the Office for National Statistics, U.K. gross domestic product (GDP) fell by 0.1% in May on a monthly basis, following a 0.3% contraction in April, the largest decline since October 2023. Most Asian stocks ended higher. U.S. President Donald Trump announced 35% tariffs on Canada starting Aug 1. The new duties will be in addition to Trumps recent sectoral tariffs. Trump attributed fentanyl and Canadas retaliatory tariffs as reasons for the rate. The 35% duty might be increased if Canada continues to retaliate, Trump said. Trump also told reporters Thursday that his administration is preparing to impose blanket tariffs of 15% to 20% on a broader set of trade partners, adding another layer of uncertainty to global trade dynamics. Despite the rising geopolitical tension, Wall Street closed higher overnight, with the S&P 500 and Nasdaq setting fresh record highs. The S&P 500 gained 0.27%, the Nasdaq edged up 0.09%, and the Dow Jones Industrial Average rose 0.43%, lifted largely by strong performance in chip stocks. Semiconductor stocks rallied 1% after Taiwan Semiconductor Manufacturing Co. (TSMC) reported a robust 40% jump in Q2 sales, beating expectations and reinforcing optimism around AI-led demand. Advanced Micro Devices also gained momentum following an upgrade to "buy" by a broker, while Nvidia extended its rally a day after breaching the $4 trillion market cap mark for the first time. Stocks in Spotlight: Tata Consultancy Services (TCS) declined 3.46%. The IT major reported a 4.38% jump in consolidated net profit to Rs 12,760 crore on 1.62% decline in revenue from operations to Rs 63,437 crore in Q1 June 2025 over Q4 March 2025. On a year-on-year basis, the companys consolidated net profit jumped 5.98% while revenue from operations increased 1.32% in Q1 June 2025. The companys total contract value (TCV) dropped to $9.4 billion in Q1 June 2025, down 22.95% compared with $12.2 billion in Q4 March 2025. Additionally, the attrition rate was at 13.8% for the last twelve months (LTM), the highest in nearly two years. K Krithivasan, chief executive officer and managing director, said, The continued global macro-economic and geo-political uncertainties caused a demand contraction. On the positive side, all the new services grew well. We saw robust deal closures during this quarter." Glenmark Pharmaceuticals surged 14.51% after its subsidiary Ichnos Glenmark Innovation (IGI) unveiled a global commercialization strategy for its lead investigational oncology asset, ISB 2001. Enviro Infra Engineers jumped 12.19% after the company announced that it has secured a project from the Maharashtra Industrial Development Corporation (MIDC) aimed at pollution control of the Panchganga River worth Rs 400 crore. Hindustan Unilever (HUL) surged 4.61% after the FMCG major announced the appointment of Priya Nair as its next chief executive officer and managing director, effective 1 August 2025. Nair, currently President, Beauty & Wellbeing at Unilever, will also join the HUL board subject to necessary approvals. She will continue to be a member of the Unilever Leadership Executive (ULE). Zee Entertainment Enterprises (ZEEL) slipped 3.17% after shareholders rejected the proposal to issue fully convertible warrants to promoter group entities, blocking the Goenka family's plan to increase its stake from 3.99% to 18.39%. Indian Renewable Energy Development Agency (IREDA) dropped 5.69% after the companys consolidated net profit declined 35.7% to Rs 246.88 crore despite a 29.7% increase in total income to Rs 1,959.84 crore in Q1 FY26 over Q1 FY25. Anand Rathi Wealth rose 4.22% after the company reported a 27.8% jump in consolidated net profit to Rs 93.62 crore on 15.8% increase in total income to Rs 284.26 crore in Q1 FY26 over Q1 FY25. Tata Elxsi slipped 1.18% after the company reported a 21.6% decline in net profit to Rs 144.4 crore as revenue from operations fell by 3.7% to Rs 892.1 crore in Q1 FY26 as compared with Q1 FY25. GTPL Hathway slipped 4.31% after the company reported a 26.10% decline in consolidated net profit to Rs 10.56 crore for the first quarter of FY26, compared to Rs 14.29 crore in Q1 FY25. However, revenue from operations rose 7.15% YoY to Rs 903.69 crore for the quarter ended 30 June 2025. RPP Infra Projects rose 1.85% after the company announced that RPP-BCC JV has bagged an order worth Rs 365.85 crore from the Public Health Engineering Department (PHED), Ajmer, Rajasthan. Puravankara shed 0.98%. The company reported a 6% increase in pre-sales to Rs 1,124 crore in Q1 FY26 from Rs 1,064 crore in Q1 FY25. The company has achieved a quarterly sales volume of 1.25 million square feet for Q1 FY26 when compared to 1.29 million square feet in Q1 FY25. RMC Switchgears hit an upper circuit of 5% after the company posted consolidated revenue of Rs 86.14 crore in the June quarter of FY26, recording over 165% YoY growth compared to Rs 34.04 crore in the same period last year. IPO Update: The initial public offer (IPO) of Smartworks Coworking Spaces received bids for 1,19,67,588 shares as against 1,04,01,828 shares on offer, according to stock exchange data at 16:51 IST on Friday (11 July 2025). The issue was subscribed 1.15 times. The issue opened for bidding on Thursday (10 July 2025) and it will close on Monday (14 July 2025). The price band of the IPO is fixed between Rs 387 and 407 per share. An investor can bid for a minimum of 36 equity shares and in multiples thereof.
New Indian Express
11-07-2025
- Business
- New Indian Express
Weak start to earnings season weighs on the Street; Sensex and Nifty decline about 1% each
Indian stock market suffered noticeable losses on Friday as investors' sentiment turned cautious after a weak start to the Q1FY26 earnings season. The BSE Sensex closed 690 points, or 0.83% down at 82,500.47, while the Nifty 50 settled at 25,149.85, down 205 points, or 0.81%. This is the second straight week when the benchmarks have registered a decline. The two indices fell about 1.1% each this week, Broader indices mirrored the weakness on Friday, with the Nifty Midcap 100 slipping 0.8% and the Nifty Smallcap 100 declining nearly 1%, indicating a risk-off undertone across the market. 'Sentiment turned risk-averse amid mounting concerns over a tepid Q1 earnings season, exacerbated by Tata Consultancy Services' (TCS) underwhelming quarterly performance and cautious management commentary,' said Bajaj Broking in a note. Sectorally, the sell-off was widespread. Nifty IT emerged as the worst hit, plunging 1.8%, as investor confidence in the tech space waned post-TCS results. Rate sensitive sectors such as Nifty Auto, Nifty Realty and Nifty Infra fell between 1 and 2% on Friday. Shares of TCS fell 3.5% to settle at 3,264.50 on the NSE after the IT giant reported a drop in Q1FY26 revenue, especially a 3.3% sequential drop in constant currency revenue. Following this, brokerage firms such as Nomura and UBS trimmed their price targets for TCS. US President Donald Trump's fresh diktat on tariffs renewed concerns of another round of trade war. He announced a 35% tariff rate for goods imported from Canada and signalled that the baseline tariff rates for countries that do not get tariff letters could be set at 15% or 20%, significantly higher than the current 10%.
Mint
11-07-2025
- Business
- Mint
Midhani to Ashok Leyland- Prashanth Tapse of Mehta Equities suggests stocks to buy in the short term
Stock market today: Indian stocks dipped on Friday, as a decline in IT shares linked to Tata Consultancy Services' disappointing results overshadowed the gains made by consumer giant Hindustan Unilever. The Nifty 50 slid 0.37% to 25,262 points, while the BSE Sensex decreased by 0.41% to 82,854.18 as of 10:13 IST. Investors were also considering remarks from US President Donald Trump, who announced plans to impose a 35% tariff on imports from Canada next month and is contemplating imposing blanket tariffs of 15% to 20% on most other trade partners. Talking about the Nifty 50, Prashanth Tapse of Mehta Equities advises traders to consider buying with a stop loss at 25,300, expecting an upside toward 25,500. Tapse recommends three stocks to buy in the near-term. Here's what he says about the overall market. Nifty 50 is currently trading near the key support zone of 25,300, which is acting as a strong base for the bulls. The risk-reward remains favorable as long as this level holds. A bounce from this zone could push the index toward 25,500. The broader structure remains positive, and momentum indicators are gradually turning up. Traders may consider buying with a stop loss at 25,300, expecting an upside toward 25,500. Bank Nifty is trading in a rangebound manner with immediate support placed at 56,800, followed by a stronger base at 56,500. On the higher side, resistance is seen at 57,400–57,600. The index is likely to remain sideways in the near term, but with positive undertones due to strength in heavyweight banking names. Traders should focus on buying near support zones with strict stop losses, as the broader uptrend remains intact. Prashanth Tapse recommends buying these three stocks in the short term - Midhani (Mishra Dhatu Nigam Ltd), Ashok Leyland Ltd, SBI Card Ltd. Buy | CMP: ₹ 416 | Stop Loss: ₹ 400 | Target: ₹ 450 Midhani share price is showing bullish price action after consolidating near ₹ 400 support. The stock has formed a higher base and is witnessing rising volume participation. With strong defense and aerospace sector sentiment, the stock is likely to move toward ₹ 450. A stop loss at ₹ 400 is advised for short-term positions. Buy | CMP: ₹ 250 | Stop Loss: ₹ 240 | Target: ₹ 270 Ashok Leyland share price has rebounded smartly from the ₹ 240 support zone and is now trading in a positive channel. The RSI is trending upward, and price action is confirming accumulation at lower levels. With the commercial vehicle segment gaining traction, the stock is poised for a move toward ₹ 270. A stop loss at ₹ 240 should be maintained. Buy | CMP: ₹ 935 | Stop Loss: ₹ 900 | Target: ₹ 1,000 SBI Card share price is showing signs of a breakout above short-term resistance near ₹ 930. The momentum indicators are turning positive, and the price has crossed above key moving averages. With financials remaining firm, the stock is well-placed for a rally toward ₹ 1,000. Maintain a stop loss at ₹ 900 to manage downside risk. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
11-07-2025
- Business
- Business Standard
Sensex drops 600 pts, Nifty below 25,200; 3 reasons behind market fall
Stock market today: Equity benchmark indices experienced a sharp fall today as the earnings season started on a subdued note. Tata Consultancy Services' (TCS) earnings update for the first quarter of FY26 (Q1FY26) came-in below D-street expectations, weighing on information technology (IT) shares. That apart, uncertainty over trade tariff deals continued to keep investors on the edge. At 11:45 AM, BSE Sensex was trading at 82,532.62, down by more than 650 points or 0.79 per cent. Whereas, Nifty was down by nearly 180 points or 0.71 per cent, quoting 25,175.45. The majority of stocks from the Sensex pack were trading in the red territory. TCS, Mahindra and Mahindra, Bharti Airtel, HCL Tech and Bajaj Finserv were among the top laggards. On the other hand, Hindustan Unilever (HUL), UltraTech cement, Axis Bank, Asian Paints and Sun Pharma were among the top gainers. Nearly all sectors were trading in red with Nifty IT experiencing the steepest fall. The IT index was down by over 1.78 per cent, trading at 37,692 level. Shares of TCS, which alone has a weightage of 6.7 per cent in Nifty50, were down by over 3.04 per cent. Whereas, Infosys was down by over 3.2 per cent. Nifty Auto followed suit and was down by 1.16 per cent, quoting 23,638. Interestingly, Pharma and FMCG stocks were trading in green. The Nifty FMCG index was up by 0.82 per cent, trading at 56,083, whereas Nifty Pharma was up by 0.83 per cent, quoting 22,260. Broader markets were also trading in red. The Nifty Midcap 100 was trading at 58,749, down by 0.69 per cent. Nifty Smallcap 100 also experienced a similar trajectory and plunged 0.86 per cent, trading at 18,793. Here's why Sensex, Nifty are falling today: 1. TCS Q1 earnings dent market sentiment The Q1 earnings season for FY26 started on a dim note. While TCS' net profit figure stood at ₹12,760 crore for the quarter ending June (Q1FY26), recording a 4.4 per cent rise on a sequential basis, the revenue figure dropped 1.6 per cent to ₹63,437 crore during the same period last year. The figure marked a sharper decline than what analysts had estimated. "TCS reported revenue of $7.4 billion in 1QFY26, down 0.6 per cent quarter-on-quarter (Q-o-Q) in USD terms vs. our estimate of 1.2 per cent growth. It is now clear that productivity benefits are being promised as a part of most deals, potentially dragging future revenues for the industry. In most tech cycles, however, a declining legacy business is offset by a growing new-age business. This kicker is missing in this cycle, putting further pressure on growth," Motilal Oswal said in its report. That apart, the Navratna company, Indian Renewable Energy Development Agency (Ireda), also failed to impress D-street investors. The company reported a 35.6 per cent Y-o-Y decline in consolidated net profit, to ₹246.88 crore in Q1FY26. The recent start to the earnings season has dashed hopes of any upward trajectory in markets, led by surprises in Q1 results. 2. Trade tariff uncertainty A lot seems uncertain on the tariff front as policy flip-flop continues to paint a blurry picture of the future outlook. From fresh tariff letters to ongoing discussion around trade deals, new developments on tariffs have kept investors guessing about what's coming ahead. While Indian officials are all set to visit Washington in the coming days to strike trade deals ahead of the August 1 deadline, the exact dates of the visit are yet to be confirmed, as per a report by PTI. This has further added to the jittery sentiment. "Given the current environment marked by uncertainty and elevated volatility, traders are advised to adopt a cautious 'wait and watch' approach, particularly with leveraged positions. Booking partial profits on rallies and employing tight trailing stop-losses is recommended," said Mandar Bhojane, senior technical analyst-research at Choice Equity Broking. 3. Valuation concerns While foreign investors continue to showcase confidence in Indian equities, as evident by the buying spree witnessed in June, D-street analysts are concerned about valuation levels on the Indian market. "The overvaluation of the broader market is getting corrected. India is underperforming markets like South Korea, Germany, Japan and MSCI EM. This is largely due to the elevated valuations in India," said VK Vijayakumar, chief investment strategist at Geojit Investments.
