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Trendlyne Marketwatch
15 Jul 2025
Market closes higher, ICICI Prudential's Q1 net profit surges 34.2% YoY to Rs 301 crore
By Trendlyne Analysis

Nifty 50 closed at 25,195.80 (113.5, 0.5%), BSE Sensex closed at 82,570.91 (317.5, 0.4%) while the broader Nifty 500 closed at 23,449.15 (140.1, 0.6%). Market breadth is in the green. Of the 2,491 stocks traded today, 1,603 were on the uptrend, and 843 went down.

Indian indices closed in the green amid easing retail inflation and rising hopes of an RBI rate cut. The Indian volatility index, Nifty VIX, declined 4.2% and closed at 11.5 points. India's CPI inflation declined to a six year low of 2.1% in June from 2.8% in May, marking the lowest level since January 2019. The decline was mainly driven by price drops in key food items.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the green, following the benchmark index. Nifty Capital Markets and BSE Auto were among the top index gainers today. According to Trendlyne’s Sector dashboard, Fertilizers emerged as the best-performing sector of the day, with a rise of 2.6%.

Asian indices closed higher, while European indices are trading in the green. US index futures traded in the green indicating a cautious start to the trading session. Nvidia has announced the resumption of H20 AI chip sales to China, following assurances from the US government regarding license approvals, with deliveries anticipated shortly. In parallel, market attention this week is squarely on the Q2 earnings announcements expected from six major banks, including JPMorgan Chase, Bank of America, and Goldman Sachs.

  • Money flow index (MFI) indicates that stocks like Syrma SGS Technology, Ramco Cements, Anand Rathi Wealth, and Global Health are in the overbought zone.

  • ICICI Prudential Life Insurance's Q1FY26 net profit surges 34.2% YoY to Rs 301 crore, driven by a 8% YoY growth in net premium income. However, revenue decreases marginally to Rs 25,320.2 crore during the quarter. The company appears in a screener of stocks with increasing profits every quarter for the past four quarters.

  • Yes Bank is rising as Sumitomo Mitsui Financial Group (SMFG) reportedly considers a $1.1 billion investment in the bank. SMFG plans to acquire a 5% stake from Carlyle Group and others, potentially increasing its total holding in Yes Bank to 25%.

  • Bank of Maharashtra is rising as its Q1FY26 net profit grows 16.2% YoY to Rs 1,504.4 crore, led by lower employee benefits and provisions expenses. Revenue jumps 16.4% YoY to Rs 7,879.2 crore, helped by improvements in the treasury operations, corporate and retail banking segments. The bank's asset quality improves as its gross and net NPA decline 11 bps and 2 bps YoY, respectively.

  • Warren Harris, MD & CEO of Tata Technologies, expects Q2 to outperform Q1FY26 and is confident of achieving 18% margins by Q4FY26. He emphasizes that Q2 performance will rely on the order book, customer engagement, and pipeline, rather than trade negotiation outcomes.

  • JTEKT India's board of directors approves a fundraising of up to Rs 250 crore through the rights issue of equity shares.

  • Tejas Networks plunges to its 52-week low of Rs 627.5 per share as it posts a net loss of Rs 193.9 crore in Q1FY26, compared to a net profit of Rs 77.5 crore in Q1FY25. Revenue drops 86.6% YoY to Rs 211.5 crore due to delays in new purchase orders. It shows up in a screener of stocks where promoters are decreasing their shareholding.

  • Oberoi Realty rises as the Committee of Creditors of Hotel Horizon approves a Rs 919 crore settlement plan submitted by a consortium including Oberoi Realty. The move allows the consortium to take over the distressed hotel asset, subject to National Company Law Tribunal (NCLT) approval.

  • Two-wheeler helmet maker STUDDS Accessories is set to launch its long-awaited IPO after receiving SEBI approval. The offering will be entirely an Offer for Sale (OFS) of up to 7.8 million equity shares. Promoters Madhu Bhushan Khurana, Sidhartha Bhushan Khurana, and Chand Khurana plan to offload up to 6.7 million shares.

  • Deven Choksey downgrades Tata Elxsi to a 'Sell' call from 'Hold', with a lower target price of Rs 4,965 per share. This indicates a potential downside of 22.3%. The brokerage is cautious on the stock due to slower-than-anticipated recovery in media and healthcare, weak revenue visibility, and a delayed margin normalisation trajectory. It expects the company's revenue to grow at a CAGR of 6% over FY26-27.

  • JM Financial initiates a ‘Buy’ rating on Kalyan Jewellers with a target price of Rs 700. The brokerage notes that Kalyan has transitioned from being a South-focused player to a pan-India player, which has helped it increase its profit before tax (PBT) margin to 4.4% in FY25, compared to 2.2% in FY18. They expect profit to grow at a CAGR of 31% over FY26-28.

  • KPI Green Energy is rising as it receives an order from Gujarat Urja Vikas Nigam (GUVNL) to build a 150 MW wind power plant. The order includes design, equipment supply and construction of the power plant.

  • Kotak Equities expects Tech Mahindra’s Q1FY26 revenue to decline, citing weakness in the hi-tech vertical and seasonal softness in the BPO segment, outweighing the seasonal boost from its subsidiary, Comviva. However, it projects a 30 bps rise in EBIT margin, driven by Project Fortius and net new deal wins of $750 million (approx. Rs 6,260 crore).

  • Life Insurance Corporation of India is rising as the Government of India appoints Managing Director (MD) R Doraiswamy as the new Chief Executive Officer (CEO) for three years, effective July 14.

  • Deepak Fertilisers & Petrochemicals Corp rises as it signs a Rs 1,200 crore liquefied natural gas (LNG) deal with Petronet LNG. Under the 20-year agreement, Petronet will supply LNG to Deepak Fertilisers’ Taloja unit in Maharashtra.

  • Mishra Dhatu Nigam is rising as it secures an order worth Rs 6,000 crore from Hindustan Aeronautics Limited (HAL) for the supply of specialised superalloys for aerospace applications.

  • The Society of Indian Automobile Manufacturers (SIAM) data reports a 3.4% YoY decline in domestic two-wheeler sales at 15.2 lakh units in June. Passenger vehicle sales decline 7.4% YoY to 3.1 lakh units. Three wheeler sales, however, were up by 3.8% to 61,828 units.

  • Patanjali Foods is rising as its board of directors schedules a meeting on July 17 to consider a proposal for issuing bonus shares.

  • Inox Wind's board of directors schedules a meeting on July 17 to consider raising funds by issuing equity shares or other securities.

  • Power Mech Projects is rising as it secures an order worth Rs 498.3 crore from SJVN Thermal. The order involves commissioning support and a maintenance contract for the coal-based supercritical Buxar Thermal Power Project (BTPP) in Bihar.

  • India's CPI inflation falls to a six year low of 2.1% in June from 2.8% in May, marking the lowest level since January 2019. The decline is mainly driven by price drop of key food items.

  • Rallis India surges to its all-time high of Rs 384.4 per share as its Q1FY26 net profit jumps 97.9% YoY to Rs 95 crore, driven by lower inventory and depreciation & amortisation expenses. Revenue grows 23% YoY to Rs 969 crore during the quarter. It appears in a screener of stocks with dividend yield greater than sector dividend yield.

  • Tata Technologies is rising sharply as its Q1FY26 net profit beats Forecaster estimates by 11% despite declining 9.8% QoQ to Rs 170.3 crore due to higher employee benefits and depreciation & amortisation expenses. Revenue decreases 2.6% QoQ to Rs 1,307.9 crore, caused by reductions in the services and technology solutions segments. It features in a screener of stocks with zero debt.

  • RailTel Corporation of India is rising as it receives an order worth Rs 264 crore from East Central Railway. The order is for installing Kavach, a train collision avoidance system, on 607 km of railway tracks.

  • HCL Technologies' Q1FY26 net profit declines 10.8% QoQ to Rs 3,843 crore due to lower employee utilisation on client projects and higher investments in Generative AI. However, revenue increases 0.3% QoQ to Rs 30,349 crore during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Nifty 50 was trading at 25,131.35 (49.1, 0.2%), BSE Sensex was trading at 82,233.16 (-20.3, 0.0%) while the broader Nifty 500 was trading at 23,397.85 (88.8, 0.4%).

  • Market breadth is surging up. Of the 2,004 stocks traded today, 1,688 were on the uptick, and 271 were down.

Riding High:

Largecap and midcap gainers today include Hero MotoCorp Ltd. (4,454, 4.8%), Patanjali Foods Ltd. (1,744.50, 4.2%) and HDFC Asset Management Company Ltd. (5,283.50, 3.8%).

Downers:

Largecap and midcap losers today include HCL Technologies Ltd. (1,566.40, -3.3%), JSW Infrastructure Ltd. (310, -2.2%) and IDBI Bank Ltd. (98.14, -2.1%).

Volume Rockets

30 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Swan Energy Ltd. (502.25, 11.4%), Sobha Ltd. (1,647.60, 6.7%) and Anant Raj Ltd. (607.20, 6.3%).

Top high volume losers on BSE were Inox Wind Ltd. (164.75, -6.7%), Tejas Networks Ltd. (653.20, -6.5%) and Ola Electric Mobility Ltd. (44.10, -6.3%).

Nuvoco Vistas Corporation Ltd. (365.30, 1.3%) was trading at 10.0 times of weekly average. Rashtriya Chemicals & Fertilizers Ltd. (156.36, 3.3%) and Aether Industries Ltd. (824.20, 6.2%) were trading with volumes 8.6 and 6.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

14 stocks overperformed with 52 week highs, while 1 stock hit their 52 week lows.

Stocks touching their year highs included - Ceat Ltd. (3,861.70, -1.2%), EID Parry (India) Ltd. (1,160.70, 0.3%) and Gillette India Ltd. (10,998, 2.9%).

Stock making new 52 weeks lows included - Tejas Networks Ltd. (653.20, -6.5%).

25 stocks climbed above their 200 day SMA including Hero MotoCorp Ltd. (4,454, 4.8%) and KEI Industries Ltd. (3,892.40, 4.3%). 7 stocks slipped below their 200 SMA including C.E. Info Systems Ltd. (1,797, -0.7%) and Metropolis Healthcare Ltd. (1,871.10, -0.5%).

 
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Trendlyne Marketwatch
14 Jul 2025
Market closes lower, Ahluwalia Contracts bags a Rs 2,089 crore order from DLF
By Trendlyne Analysis

Nifty 50 closed at 25,082.30 (-67.6, -0.3%) , BSE Sensex closed at 82,253.46 (-247.0, -0.3%) while the broader Nifty 500 closed at 23,309.05 (26.4, 0.1%). Market breadth is holding steady. Of the 2,506 stocks traded today, 1,172 were gainers and 1,286 were losers.

Indian indices closed lower after paring its losses in the afternoon session. The Indian volatility index, Nifty VIX, rose 1.4% and closed at 12 points. India’s Wholesale Price Index (WPI) inflation fell to a 20-month low and into the negative zone, at -0.1% in June from 0.4% in May, driven by easing prices of food items and fuel.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher. Nifty Realty and Nifty Media were among the top index gainers today. According to Trendlyne’s sector dashboard, Pharmaceuticals & Biotechnology emerged as the best-performing sector of the day, with a rise of 1.2%.

Asian indices closed mixed. European indices are trading lower, except for the UK’s FTSE 100, which is trading higher. US index futures are trading lower as investors fear a global trade war after Trump announced a 30% tariff on imports from Mexico and the European Union, effective August 1. Brent crude futures are trading higher after rising 2.5% on Friday.

  • Relative strength index (RSI) indicates that stocks like Glenmark Pharmaceuticals, Jaiprakash Power, Syrma SGS Technology, and ACME Solar Holdings are in the overbought zone.

  • Ahluwalia Contracts is rising as it bags Rs 2,089 crore order from DLF for civil and structural works for a residential project in Gurugram.

  • Dynamic Cables' board of directors allocates 2.4 crore shares through a bonus issue of shares to equity holders in the ratio of 1:1. This means that each shareholder will receive one fully paid-up equity share with a face value of Rs 10 for every share they hold on the record date.

  • Sula Vineyards is falling as its Q1FY26 revenue declines 7.9% YoY to Rs 118.3 crore due to a 10.8% drop in own brand sales. However, wine tourism revenue rises 21.8% to Rs 13.7 crore, driven by higher footfalls and guest spending.

  • Vetri Subramaniam, CIO at UTI AMC, believes recent RBI actions on liquidity and risk weights indicate a shift towards supporting credit growth. He notes the RBI's stance has clearly changed, suggesting the financial system is now ready for expansion. Subramaniam expects credit growth to rise from its current 9%, viewing this as a positive for the financial sector, a key focus for him.

  • Amber Enterprises India is rising as its board of directors approves raising Rs 2,500 crore by issuing securities.

  • Reliance Infrastructure rises sharply after India Ratings and Research upgrades its credit rating by three notches—from ‘IND D’ to ‘IND B/Stable/IND A4’. The agency also removed its ‘Default’ tag after six years, citing the company’s sharp debt reduction. Reliance Infra brought its net debt to banks and financial institutions down to zero, marking a significant reduction of approximately Rs 3,300 crore during FY25.

  • Sharekhan maintains its 'Buy' call on Tata Consultancy Services, but lowers target price to Rs 3,900 per share. This indicates a potential upside of 21.2%. The brokerage believes that the company is a long-term investment despite near-term macro uncertainties, driven by a strong deal pipeline, and leadership in emerging technologies. It expects the firm's revenue to grow at a CAGR of 5.7% over FY26-27.

  • Union Coal and Mines Minister G. Kishan Reddy announces that the Centre plans to equip private factories with technology in the coming months to boost rare earth magnet production and cut dependence on China. The move follows China’s export curbs and includes incentives like PLI schemes and a dedicated Rs 1,345 crore budget.

  • Karnataka Bank’s board appoints Raghavendra Srinivas Bhat as interim Managing Director (MD) and Chief Executive Officer (CEO), effective July 16, succeeding Srikrishnan Hari Hara Sarma.

  • Castrol India shares are rising after it won a Rs 4,131 crore case against the Maharashtra Sales Tax Department. The Customs, Excise & Service Tax Appellate Tribunal (CESTAT) ruled in the company’s favour. The case was about the period from 2008 to 2018, when the tax department claimed that Castrol wrongly moved goods from its Maharashtra plants to agents in other states.

  • Gujarat Apollo Industries surges as Ashish Kacholia adds it to his portfolio. He buys a 1.1% stake in the company in Q1FY26.

  • India’s wholesale price index (WPI) inflation drops to a 20-month low of -0.1% in June, down from 0.4% in May. The decline was driven by easing prices across key categories, including food articles and fuel & power.

  • Porinju Veliyath cuts stake in Ansal Buildwell to below 1% in Q1FY26. He held a 2.7% stake in the company in Q4FY25.

  • Ola Electric Mobility rises sharply as its Q1FY26 net loss beats Forecaster estimates by 10.4% despite expanding 23.3% YoY to Rs 428 crore due to higher inventory, finance and depreciation & amortisation expenses. Revenue plunges 47.8% YoY to Rs 896 crore due to a reduction in the automotive segment. It appears in a screener of stocks with low Piotroski scores.

  • Oriana Power secures a Letter of Award (LoA) from Karnataka Power Transmission Corporation Limited (KPTCL) to set up a standalone Battery Energy Storage System (BESS) project with a cumulative capacity of 50 MW/100 MWh in Yadagir, Karnataka.

  • Jane Street Group deposits Rs 4,843.5 crore as per SEBI’s order. SEBI is reviewing the firm's request to lift certain restrictions while continuing its broader probe into Jane Street's trades, which may take another 6–7 months. Meanwhile, the firm must avoid using any strategies deemed manipulative. Though Jane Street has met regulatory conditions, it remains unclear if it will resume trading immediately or adopt a cautious approach, assessing market and regulatory signals first.

  • Travel Food Services’ shares debut on the bourses at a 2.3% premium to the issue price of Rs 1,100. The Rs 2,000 crore IPO received bids for 2.9 times the total shares on offer.

  • HFCL’s board approves expanding Intermittent Bonded Ribbon (IBR) cable manufacturing capacity from 1.7 million fibre kilometres per annum (mfkm/pa) to 19 mfkm/pa at its Hyderabad and Goa facilities, with an investment of Rs 125.5 crore to meet rising global demand from North America and Europe.

  • Wockhardt exits its loss-making US generics business as part of its strategy to focus on new antibiotic drug discovery and its biologics portfolio in insulin. In FY25, the US generics segment posted a loss of $8 million (Rs 66.4 crore).

  • The Maharashtra government reportedly plans to issue 328 new liquor licenses, ending a 50-year ban on new wine shop permits to boost revenue. This will increase total licenses by 19% from 1,713 currently. Licenses will go to companies, not individuals, with each allowed up to eight. Companies can rent out licenses, and the required non-refundable deposit has been reduced from Rs 10 crore to Rs 1 crore.

  • BEML is rising as its board of directors schedules a meeting for July 21 to consider a proposal for a stock split.

  • Rail Vikas Nigam is rising as it receives an order worth Rs 213 crore from South Central Railway to upgrade the power system on two routes. The work involves replacing the existing single-line 25kV system with a double-line 25kV system for better efficiency. The project covers the Duvvada–Rajahmundry and Samalkot–Kakinada Port sections in the Vijayawada Division.

  • NCC is rising as it secures an order worth approximately Rs 2,269 crore from Mumbai Metropolitan Region Development Authority (MMRDA). The contract includes supplying trains and setting up signaling, telecom systems, platform screen doors, and depot equipment for Mumbai Metro Line 6.

  • Avenue Supermarts is falling as its Q1FY26 net profit misses Forecaster estimates by 10.1% after remaining unchanged at Rs 773 crore due to higher inventory, employee benefits, finance, and depreciation & amortisation expenses. However, revenue grows 16.1% YoY to Rs 16,379.1 crore during the quarter. It shows up in a screener of stocks with declining returns on capital employed over the past two years.

  • Nifty 50 was trading at 25,091.55 (-58.3, -0.2%), BSE Sensex was trading at 82,537.87 (37.4, 0.1%) while the broader Nifty 500 was trading at 23,247.70 (-35, -0.2%).

  • Market breadth is in the red. Of the 2,078 stocks traded today, 848 were on the uptrend, and 1,146 went down.

Riding High:

Largecap and midcap gainers today include Mankind Pharma Ltd. (2,696.50, 4.6%), Bosch Ltd. (37,845, 3.6%) and Oil India Ltd. (445.85, 3.1%).

Downers:

Largecap and midcap losers today include Berger Paints (India) Ltd. (556.85, -2.7%), Jio Financial Services Ltd. (319.10, -2.1%) and Au Small Finance Bank Ltd. (804.60, -2%).

Volume Rockets

29 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Neuland Laboratories Ltd. (14,548, 18.3%), Ola Electric Mobility Ltd. (47.07, 18.3%) and Anand Rathi Wealth Ltd. (2,540.20, 14.9%).

Top high volume losers on BSE were Avenue Supermarts Ltd. (4,011.30, -1.3%), SBI Cards and Payment Services Ltd. (903.50, -1.1%) and Divi's Laboratories Ltd. (6,778.50, -0.8%).

Castrol India Ltd. (222.79, 1.3%) was trading at 14.2 times of weekly average. Graphite India Ltd. (585.30, 4.1%) and HEG Ltd. (531.45, 5.1%) were trading with volumes 8.6 and 7.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

8 stocks took off, crossing 52 week highs, while 1 stock were underachiever and hit their 52 week lows.

Stocks touching their year highs included - EID Parry (India) Ltd. (1,157.20, 0.4%), The Ramco Cements Ltd. (1,133.80, -0.6%) and Laurus Labs Ltd. (823.85, 4.3%).

Stock making new 52 weeks lows included - Ola Electric Mobility Ltd. (47.07, 18.3%).

7 stocks climbed above their 200 day SMA including Neuland Laboratories Ltd. (14,548, 18.3%) and Alembic Pharmaceuticals Ltd. (1,025, 5.0%). 17 stocks slipped below their 200 SMA including LMW Ltd. (16,129, -2.3%) and PCBL Chemical Ltd. (414.35, -2%).

 
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The Baseline
11 Jul 2025
Five Interesting Stocks Today - July 11, 2025
By Trendlyne Analysis

1. Nuvama Wealth Management:

Thiscapital markets company plunged 11.2% on July 4 after SEBIbarred US-based Jane Street from trading in Indian markets and seized Rs 4,843 crore over alleged manipulation in index derivatives. Jane Street, a major institutional client of Nuvama, was accused of inflating index prices near markets close to profit from options. While Nuvama was not named in SEBI’s order, the company was reportedly the broker executing Jane Street’s trades. According to analysts, this raised fears that the brokerage could lose asignificant (~40%) share of its institutional trading volumes.

However, Jane Street reportedly contributed onlyabout 7% to Nuvama’s FY25 revenue. The capital markets segment (institutional equities and investment banking) contributed 26% of total revenue in FY25.

InFY25, the company’s revenue and net profit beat Forecaster estimates by 4.4% and 1.5% respectively. Net profit surged 57.7% to Rs 986 crore, driven by 32% revenue growth, lower cost, and strong performance across wealth, asset, and investment services.

NWML’s total assets under management (AUM)grew 24% to Rs 4.3 lakh crore in FY25. This growth was supported by strong client inflows in its wealth management business and expansion in its team of relationship managers. Ashish Kehair, MD & CEO,said, “The company targets a net increase of Rs 23,000–24,000 crore in AUM from fresh client inflows in FY26.”

On July 5, the company rose 3.3% onreports that Private equity firms CVC Capital Partners, Permira, and EQT are in advanced talks with PAG to acquire its controlling 54.8% stake in Nuvama in a deal potentially valued at $1.6 billion.

Motilal Oswalhas a ‘Buy’ rating, citing strong FY25 results, robust private wealth and capital markets growth, and expects an CAGR of 18% in revenue and 19% in net profit over FY25-27.

2. Syrma SGS Technology:

This electrical products company saw its stock hit a 52-week high of Rs 685 on July 11 following the announcement of plans to invest Rs 1,800 crore in a new electronics components manufacturing facility in Andhra Pradesh. In January, the company signed a non-binding Memorandum of Understanding (MoU) with South Korea's Shinhyup Electronics to establish a joint venture for this project.

Since March, Syrma has been in discussions with the Andhra Pradesh government's Economic Development Board (EDB) for land and financial incentives for its new facility. Syrma SGS is also applying for the Government of India's Production-Linked Incentive (PLI) scheme for electronics manufacturing. The new plant is set to start operations by FY27.

For FY25, the company reported a 19.4% increase in revenue and a significant 58.3% jump in net profit, largely driven by growth in the automotive and industrial sectors. Trendlyne Forecaster projects a 4% MoM revenue growth for the first quarter of FY26, attributing it to the company's focus on higher-margin segments and operational leverage. The stock has also appeared on a screener of stocks that are overbought according to the Money Flow Index (MFI).

J.S. Gujral, the Managing Director of Syrma SGS, expressed confidence in the company's future, stating, "We expect an EBITDA above 8% and revenue growth of 30–35% in FY26." He acknowledged that the export target of Rs 1,000 crore for FY25 was missed by about Rs 200 crore due to tariff uncertainties and a sluggish economic environment in the European Union. However, based on customer guidance, he anticipates that exports will exceed the Rs 1,000 crore mark in FY26.

JP Morgan has identified India’s electronic manufacturing services (EMS) sector as a "sunrise sector" and expects Syrma to be the third-fastest growing company within its EMS coverage. The brokerage forecasts the EMS space to deliver 32% compound annual revenue growth over FY26–30, supported by increasing electronics content in products and the government's ‘Make in India’ initiative. Consequently, JP Morgan has initiated coverage on Syrma with an 'Overweight' rating and a target price of Rs 800.

3. Kotak Mahindra Bank:

This banking firm’s shares surged 4.4% over the past week following a quarterly business update for Q1 FY26. The bank reported 14% YoY growth in loans and a 14.6% increase in total deposits. Macquarie Research said, “These are better than our expectations and also better than private peers.” Low-cost CASA deposits from current and savings accounts now contribute 41% to the total deposits, a slight decrease from the previous quarter. 

Higher CASA deposits, and faster repricing of term deposits boosted the bank's net interest margin (NIM) to 4.97% in Q4. However, analysts expect NIMs to come under pressure starting Q1, following the recent RBI rate cut. This is because around 60% of Kotak’s loan book is linked to external benchmarks such as the repo rate. Analysts at Macquarie forecast a 15 bps margin decline in Q1 on a QoQ basis.

Trendlyne’s Forecaster projects a 7% YoY revenue growth in the first quarter, although it expects higher provisions to eat into the net profit by 3%. As of March 2025, unsecured retail loans made up 10% of the bank's total loans, a slight decrease from the previous year. MD & CEO Ashok Vaswani highlights the bank’s efforts in Q4 “to bring down the retail microfinance book by 33% YoY.”

Deputy MD Shanti Ekambaram says “The bank will continue to focus on mortgages as it helps retain affluent customers.” During the Q4 earnings call, she highlighted that this approach has led to a rise in value per customer over the past two quarters. House loans and loans against property account for 27% of the total loan book.

BOB Capital maintains a ‘Buy’ rating on the bank with a higher target price of 2,520, which suggests a 13% upside. Analysts highlight Kotak’s healthy credit growth, led by secured loan segments, and high CASA deposits as key drivers of growth.

4. JSW Infrastructure:

This port operator rose over 2% on July 8 after announcing the win of a Rs 740 crore port infrastructure project from the Syama Prasad Mookerjee Port Authority. The project includes rebuilding one berth and upgrading two other berths at the Netaji Subhas Dock in Kolkata. This initiative aims to boost the port’s ability to handle container cargo.

The project supports JSW Infra’s broader strategy to expand its port network under the government’s push to increase the private sector’s role in running and improving ports. The company also mentioned it could begin partial operations even while construction is underway, thanks to steady cargo volumes at the Kolkata port.

In FY25, the company reported a 9% increase in cargo handled. It now plans to more than double its port capacity to 400 million tonnes per year by FY30. To support this plan, it has allocated a capex of Rs 30,000 crore for port development and an additional Rs 9,000 crore for logistics.

The company entered the logistics business in FY25 by acquiring a 70% stake in NAVKAR, a rail-linked logistics company, for around Rs 1,000 crore. This deal gave JSW Infra access to important logistics facilities, such as container stations, depots, and licenses to operate freight trains. The logistics division accounted for roughly 10% of JSW Infra's total revenue in FY25.

Rinkesh Roy, MD & CEO, said, “We are eyeing sizable revenue and profit contributions from our logistics business. We expect logistics revenue to grow by 50% in FY26.” He also said that earnings growth will be supported by the logistics segment and high-margin locations like Fujairah, which earns an EBITDA margin of about 85%. The company expects over 10% cargo volume growth each year until FY28, with higher growth likely only after new capacity becomes operational. 

Motilal Oswal has a ‘Buy’ rating on JSW Infrastructure with a target price of Rs 370. The brokerage expects the company to benefit from India’s infrastructure expansion and rising demand from third-party cargo clients, despite global challenges. A strong rise in logistics revenue is also expected to help performance, with revenue and profit expected to grow at over 22% annually during FY26–27.

5. Vedanta:

Thismining company fell 8% on July 9 aftershort-seller Viceroy Research released a report flagging financial irregularities at its parent firm, Vedanta Resources (VRL), saying it “resembles a Ponzi scheme.” The report mentioned that the entire group structure is “financially unsustainable, operationally compromised, and poses a severe, under-appreciated risk to creditors.”

It notes that VRL is systematically draining Vedanta to repay its debts and is pressuring Vedanta to borrow more, thereby weakening Vedanta’s financial position.

The report also cautioned that the entire group is close to going bankrupt and is only staying afloat by constantly borrowing more money, using complicated accounting tricks, and delaying large, hidden payments it owes.

The Viceroy report said that Vedanta Resources is a "parasite" holding company with no significant operations of its own. It states that VRL’s interest and principal obligations are funded entirely through dividends and “brand fees” extracted from Vedanta, neither of which is sustainable.

While Viceroy sounds alarm bells, JP Morgan remains optimistic. In a freshnote, it dismissed Viceroy Research’s claims and said it is “not getting distracted” by the report. JP Morgan says that the allegations are a distraction and that Vedanta’s core fundamentals remain strong. The brokerage maintains an “overweight” rating on Vedanta.

The Viceroy report comes as Vedanta plans to split into five separate listed entities by September 2025. Group Chairman Anil Agarwal launched the plan in 2023 to overhaul the business following an unsuccessfulattempt to take Vedanta private in 2020.

The company’s net profit rose 253.5% to Rs 14,988 crore in FY25. Revenue grew 7% driven by higher commodity prices and a lower tax rate.

Since FY22, Vedanta Resources has reduced its debt by 44% to $5 billion. Ajay Goel, Group CFO, notes, “We aim to achieve an investment-grade credit rating and strengthen our financial position. We plan to reduce debt to $3 billion by FY27 through dividends and brand fees from Vedanta, without placing additional strain on the operating company.”

Trendlyne's analysts identify stocks that are seeing interesting price movements, analyst calls, or new developments. These are not buy recommendations

 
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Trendlyne Marketwatch
11 Jul 2025
Market closes lower, Mahindra Logistics to raise Rs 750 crore via rights issue
By Trendlyne Analysis

Nifty 50 closed at 25,149.85 (-205.4, -0.8%), BSE Sensex closed at 82,500.47 (-689.8, -0.8%) while the broader Nifty 500 closed at 23,282.70 (-188.7, -0.8%). Market breadth is in the red. Of the 2,465 stocks traded today, 845 were on the uptrend, and 1,574 went down.

Indian indices closed lower after extending losses in the morning session as the markets were weighed down by IT stocks after TCS' Q1FY26 results missed estimates. The Indian volatility index, Nifty VIX, rose 1.2% and closed at 11.8 points. TCS closed 3.4% in the red as its Q1FY26 revenue declined 1.6% QoQ to Rs 63,437 crore due to a decline in BSNL-related revenues.

Nifty Smallcap 100 and Nifty Midcap 100 closed lower, tracking the benchmark index. Nifty Capital Markets and Nifty India Defence were among the worst-performing indices of the day. According to Trendlyne’s sector dashboard, Software & Services emerged as the worst-performing sector of the day, with a fall of 2%.

European indices are trading lower. Major Asian indices closed mixed. US index futures are trading in the red, indicating a cautious start to the session after the US tariffs on Canadian imports increased concerns over global economic growth.

  • BSE falls sharply after reports suggest SEBI is expanding its probe into alleged index manipulation by US-based Jane Street to include Sensex options. The investigation initially focused on Nifty and Bank Nifty weekly options trades.

  • Mahindra Logistics board approves raising Rs 750 crore via a rights issue to repay debt and fund expansion plans.

  • Eicher Motors is falling as its subsidiary, VE Commercial Vehicles, receives a demand cum show cause notice for GST dues amounting to Rs 168 crore from Ujjain's CGST & Central Excise Commissioner.

  • Adani Energy reports that its transmission business has an under-construction order book of Rs 59,304 crore as of Q1 FY26. The company's collection efficiency has risen to 98.3%, compared to 96.9% last year. Power transmission capacity stands at 93,236 Megavolt-amperes (MVA).

  • Niva Bupa Health Insurance Co. and Star Health and Allied Insurance Co. fall after the Insurance Regulatory and Development Authority of India (IRDAI) issues a show-cause notice over lapses in their health insurance portfolios. In addition to these two companies, the IRDAI has also sent notices to six other insurers, including Tata AIG and ICICI Lombard, among others.

  • VIP Industries rises sharply as promoters reportedly plan to sell their stake to private equity investors. Currently, promoters own a 51.7% stake in the company.

  • Oswal Pumps' Q4FY25 net profit grows 123.5% YoY to Rs 639 crore. Revenue jumps 58.4% YoY to Rs 3,656 crore, helped by strong demand for solar pumps under government schemes. It features in a screener of stocks with low debt.

  • Vikram Sampat, Senior Vice-President at Reliance Industries, says India must boost its petrochemical production capacity to meet rising domestic and global demand and counter China's growing dominance in the sector. He notes that global petrochemical margins have declined due to surplus created by China’s capacity expansion. India's petrochemical demand for now is a tiny fraction of the global average but the nation's consumption is set to rise as the economy expands.

  • Elecon Engineering is rising as its Q1FY26 net profit grows 139.1% YoY to Rs 175.4 crore. Revenue jumps 27.1% YoY to Rs 517 crore, driven by improvements in the transmission equipment and material handling equipment segments. It appears in a screener of stocks with improving net cash flow for the past two years.

  • Dodla Dairy to acquire HR Food Processing for Rs 271 crore. The acquisition strengthens its presence in the Eastern India dairy market, particularly in Bihar, Jharkhand, and West Bengal.

  • Enviro Infra Engineers surges as it secures a Rs 400 crore order from Maharashtra Industrial Development Corporation (MIDC) for designing and commissioning common effluent treatment plants (CETPs) in Kolhapur.

  • UBS downgrades Bharti Airtel to 'Sell' and Vodafone Idea to 'Neutral', citing high valuations. With this move, the brokerage holds no buy-rated stocks in India’s telecom sector. UBS notes that entry-level mobile tariffs are already elevated, which may restrict further price hikes in lower-end plans and limit the revenue impact of future tariff increases.

  • Zee Entertainment Enterprises falls sharply as it fails to secure enough shareholder votes for a proposed warrant issue. The move blocks the Goenka family’s plan to increase their stake from 4% to 18.4%.

  • Tata Steel invests $125.3 million (~ RS 1,073.6 crore) in its subsidiary, T Steel Holdings Pte, by acquiring an additional 124.6 crore shares. This comes as part of Tata Steel's plans to invest $2.5 billion (~ Rs 21,465 crore) in the arm in FY26.

  • SPML Infra rises as it secures a Rs 385 crore order from the Government of India under the Jal Jeevan Mission to develop a water supply and distribution system in Ajmer, Rajasthan.

  • India's Ministry of Road Transport and Highways (MoRTH) rejects a request from two-wheeler makers to exempt them from mandatory anti-lock braking systems (ABS) on all new two-wheelers above 50cc or with speeds over 50 kmph, effective January 1, 2026. Manufacturers say the rule will add Rs 3,500–6,000 per vehicle cost and the lower-end models won't absorb this cost and will be passed on to consumers.

  • Indian Renewable Energy Development Agency falls sharply as its Q1FY26 net profit declines 35.7% YoY to Rs 246.9 crore due to higher finance cost along with an impairment loss of Rs 363 crore. Revenue rises 29.7% YoY to Rs 1,960 crore for the quarter. It shows up in a screener of stocks where promoters are decreasing their shareholding.

  • South Indian Bank's board of directors schedules a meeting on July 17 to consider raising funds by issuing equity shares or other securities.

  • Glenmark Pharma rises as its subsidiary, Ichnos Glenmark Innovation (IGI), signs a licensing agreement with AbbVie for its cancer drug, ISB-2001. The drug is currently in phase I trials. AbbVie will further develop, manufacture and market the drug worldwide. IGI will receive an upfront payment of $700 million (~ Rs 5,810 crore) and is eligible to receive up to $1.2 billion (~ Rs 9,960 crore), plus royalties after regulatory approval.

  • Sumedh Badve, President (Strategy) at Belrise Industries, expects further improvement in 2-wheeler sales growth. His goal is to increase content per vehicle to around Rs 17,700 for 2-wheelers and over Rs 40,000 for 4-wheelers. He also confirms that the rare-earth magnet issue has not impacted the company’s business so far.

  • Hindustan Unilever rises sharply as its board of directors appoints Priya Nair as the Managing Director (MD) and Chief Executive Officer (CEO). This follows Rohit Jawa's resignation as the company's MD & CEO, effective July 31.

  • Anand Rathi Wealth rises sharply as its Q1FY26 net profit jumps 27.8% YoY to Rs 93.6 crore. Revenue grows 15.8% YoY to Rs 284.3 crore, helped by higher assets under management and improvement in mutual fund distribution revenue. It features in a screener of stocks with prices above short, medium, and long-term moving averages.

  • Tata Elxsi is falling as its net profit declines 16.2% QoQ to Rs 144.4 crore in Q1FY26 due to higher employee benefit expenses. Revenue decreases 1.8% QoQ to Rs 892.1 crore due to lower sales from system integration & support services segment during the quarter. The company appears in a screener of stocks with declining profits every quarter for the past three quarters.

  • Tata Consultancy Services' Q1FY26 net profit grows 4.4% QoQ to Rs 12,760 crore, helped by lower cost of equipment and software licences. Revenue decreases 1.6% QoQ to Rs 63,437 crore due to a decline in BSNL-related revenues during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding in the past quarter.

  • Nifty 50 was trading at 25,288.95 (-66.3, -0.3%), BSE Sensex was trading at 82,820.76 (-369.5, -0.4%) while the broader Nifty 500 was trading at 23,432.90 (-38.5, -0.2%)

  • Market breadth is in the green. Of the 2,013 stocks traded today, 1,026 were gainers and 929 were losers.

Riding High:

Largecap and midcap gainers today include Hindustan Unilever Ltd. (2,519.60, 4.6%), NTPC Green Energy Ltd. (112.18, 3.6%) and Dabur India Ltd. (530.85, 1.6%).

Downers:

Largecap and midcap losers today include Indian Renewable Energy Development Agency Ltd. (160, -5.7%), Hitachi Energy India Ltd. (18,700, -4.0%) and Tata Consultancy Services Ltd. (3,266, -3.4%).

Volume Shockers

20 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Glenmark Pharmaceuticals Ltd. (2,181.10, 14.6%), Asahi India Glass Ltd. (851.70, 4.7%) and Piramal Enterprises Ltd. (1,217.50, 4.7%).

Top high volume losers on BSE were Indian Renewable Energy Development Agency Ltd. (160, -5.7%), Tata Consultancy Services Ltd. (3,266, -3.4%) and Bharti Airtel Ltd. (1,921.90, -2.2%).

Anand Rathi Wealth Ltd. (2,211.70, 4.3%) was trading at 25.7 times of weekly average. Tata Elxsi Ltd. (6,066, -1.2%) and Sarda Energy & Minerals Ltd. (452.70, 2.5%) were trading with volumes 10.4 and 6.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

7 stocks made 52 week highs, while 1 stock hit their 52 week lows.

Stocks touching their year highs included - EID Parry (India) Ltd. (1,152.40, 3.8%), Glenmark Pharmaceuticals Ltd. (2,181.10, 14.6%) and JK Cement Ltd. (6,447.50, 0.6%).

Stock making new 52 weeks lows included - Ola Electric Mobility Ltd. (39.80, -0.4%).

8 stocks climbed above their 200 day SMA including Hindustan Unilever Ltd. (2,519.60, 4.6%) and NMDC Ltd. (69.05, 0.5%). 17 stocks slipped below their 200 SMA including Metro Brands Ltd. (1,168.30, -3.0%) and Apollo Tyres Ltd. (458.60, -2.9%).

 
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Trendlyne Marketwatch
10 Jul 2025
Market closes lower, SBI plans a Rs 25,000 crore share sale via a QIP
By Trendlyne Analysis

Nifty 50 closed at 25,355.25 (-120.9, -0.5%) , BSE Sensex closed at 83,190.28 (-345.8, -0.4%) while the broader Nifty 500 closed at 23,471.40 (-86.1, -0.4%). Market breadth is neutral. Of the 2,467 stocks traded today, 1,179 were on the uptrend, and 1,248 went down.

Indian indices closed in the red amid uncertainties over India-US trade deal and weak expected Q1 earnings growth. The Indian volatility index, Nifty VIX, declined 2.2% and closed at 11.7 points. Oil India signed a 15-year agreement with GAIL (India) to supply natural gas from its Rajasthan gas field.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the red, following the benchmark index. S&P BSE SME IPO and Nifty Realty were among the top index gainers today. According to Trendlyne’s Sector dashboard, Realty emerged as the best-performing sector of the day, with a rise of 0.7%.

Asian indices closed mixed, while European indices are trading in the green. US index futures traded in the red indicating a cautious start to the trading session. Minutes from the US Fed’s FOMC meeting revealed mixed views on rate cuts. Officials were divided, with some worried about inflation driven by tariffs, while others pointed to labor market weakness and overall economic strength as reasons to ease rates. Market Committee members voted unanimously to hold the central bank’s key borrowing rate in a range between 4.25-4.5%, where it has been since December 2024.

  • Bharat Dynamics (BDL) sees a short buildup in its July 31 futures series, with open interest increasing by 19.4% and a put-call ratio of 0.7.

  • JSW Energy surges following its inclusion in the FTSE Russell’s FTSE4Good Index. The index features companies with strong performance in areas such as corporate governance, climate action, health and safety, and anti-corruption.

  • Sindhu Trade Links plans to invest up to $100 million (~Rs 856 crore) to explore acquisition opportunities in lithium and rare earth mining, both in India and overseas.

  • Axis Direct initiates coverage on Gujarat Industries Power (GIPCL) with a 'Buy' call and a target price of Rs 242 per share. This indicates a potential upside of 11.9%. The brokerage is confident in the company's growth on the back of renewable energy capacity expansion and a strong thermal power portfolio. It expects the firm's revenue to grow at a CAGR of 19.1% over FY26-27.

  • JM Financial anticipates a 1.4% drop in TCS’ Q1FY26 revenue compared to the December quarter. While a 200 basis points currency tailwind may support US Dollar revenue, the ramp-down of the BSNL deal is expected to weigh on the company’s topline.

  • State Bank of India reportedly plans to sell up to Rs 25,000 crore worth of shares to institutional investors as early as next week via a qualified institutional placement (QIP). The move aims to support loan growth, strengthen its balance sheet, and meet regulatory requirements.

  • JTL Industries surges as it plans to expand its Electric Resistance Welded (ERW) pipes capacity by 3 lakh metric tonnes per annum (MTPA) for ASTM/API-grade segments. The line will produce round, square, and rectangular sections with thicknesses up to 16 mm and is expected to be operational within 12 months.

  • Quality Power Electrical Equipments rises sharply as it acquires a 100% stake in Sukrut Electric, with Yash Highvoltage. Quality Power and Yash Highvoltage will hold a 50% stake, each, in the company.

  • The Nifty India Defence Index drops 2%, with analysts pointing to high valuations, easing geopolitical tensions, profit booking, and absence of fresh triggers as key reasons behind the fall in defence stocks.

  • Indian Renewable Energy Development Agency is rising as it receives approval from the Central Board of Direct Taxes, Department of Revenue, to issue capital gain exemption bonds.

  • Quick Heal Technologies is falling as its Chief Executive Officer (CEO), Vishal Salvi, tenders his resignation to pursue a different career path, effective August 31.

  • ICICI Prudential Life Insurance is falling as its annualised premium equivalent (APE) declines 5% YoY to Rs 1,864 crore in Q1FY26 due to a reduction in retail APE. However, the new business premium grows 40.1% YoY, and the new business sum assured rises 36.3% YoY.

  • JSW Group is reportedly looking to increase its stake in EV joint venture JSW MG Motor India, aiming to become the largest shareholder. Its Chinese partner, SAIC Motor, is unlikely to invest further in India, focusing instead on Europe and its domestic market. Currently, JSW Group is the second-largest shareholder in the JV with a 35% stake.

  • Indosolar surges to hit its 5% upper circuit as its promoter, Waaree Energies, plans to sell a 2.4% stake in the firm via the Offer for Sale (OFS) route. The floor price for the offer is Rs 265 per share.

  • JTEKT India's board of directors schedules a meeting on July 15 to consider raising funds through a rights issue of equity shares or other securities.

  • Jash Engineering is rising as it plans to acquire a 100% stake in WesTech Process Equipment India (WPEIPL) to enter the industrial water process equipment segment in India. The acquisition will also help the company to enter the mining, metal and paper segments in the country.

  • HSBC maintains a 'Buy' rating on Marico with a higher target price of Rs 850. It sees Oats and Plix as the main growth drivers in the company’s diverse foods business. It also expects the Direct-to-Consumer (D2C) segment to provide steady growth and margins. The brokerage highlights that the company reported a volume growth of 7% in Q4, which was higher than expectations of a 5-6% growth from last year.

  • Asian Paints sold 20.1 lakh shares (4.4% stake) in Akzo Nobel for Rs 734 crore via a bulk deal on Wednesday at an average price of Rs 3,651 per share.

  • Embassy Office Park fall as APAC Company (Bain Capital) to sell a 1.9% stake in the firm worth approximately Rs 681 crore, reportedly via a block deal at an average price of Rs 382 per share.

  • Crizac rises sharply as Sunil Singhania buys 36.7 lakh shares worth Rs 109.5 crore on Wednesday.

  • Goldman Sachs forecasts India’s power demand to grow at a 7.2% CAGR through FY35, driven by broader electrification and rising household consumption from higher incomes and appliance use. The firm warns this increased demand could lead to a 4% annual energy shortfall by FY35 and sees coal as the unavoidable fallback, given limitations of alternative sources.

  • NIIT Learning Systems rises as its subsidiary, NIIT (Ireland), acquires Germany-based MTS Group for a consideration of Euro 22.4 million (~ Rs 224.7 crore).

  • Oil India is rising as it signs a 15-year agreement with GAIL (India) to supply up to 900,000 standard cubic meters per day (SCMD) of natural gas from its Rajasthan gas field. The gas will be used by state-run Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) for power generation.

  • Enviro Infra Engineers surges as its joint venture (JV) with AltoraPro Infrastructure secures an order worth Rs 395.5 crore from Maharashtra Industrial Development Corporation (MIDC). The work involves improving wastewater plants to stop untreated water from reaching the Panchganga River in three industrial areas of Kolhapur district.

  • Amber Enterprises' board of directors schedules a meeting for July 12 to consider raising Rs 2,500 crore by issuing securities.

  • Nifty 50 was trading at 25,470.20 (-5.9, 0.0%), BSE Sensex was trading at 83,658.20 (122.1, 0.2%) while the broader Nifty 500 was trading at 23,573.85 (16.4, 0.1%).

  • Market breadth is highly positive. Of the 1,993 stocks traded today, 1,435 showed gains, and 513 showed losses.

Riding High:

Largecap and midcap gainers today include JSW Energy Ltd. (530.55, 3.0%), Lloyds Metals & Energy Ltd. (1,522.50, 2.9%) and Prestige Estates Projects Ltd. (1,696.50, 2.8%).

Downers:

Largecap and midcap losers today include Solar Industries India Ltd. (15,904, -3.6%), PI Industries Ltd. (4,043.70, -3.0%) and Bharti Airtel Ltd. (1,964.50, -2.7%).

Volume Rockets

24 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Kirloskar Oil Engines Ltd. (918.10, 10.4%), Lemon Tree Hotels Ltd. (158.11, 8.3%) and Campus Activewear Ltd. (287.55, 6.2%).

Top high volume losers on BSE were Life Insurance Corporation of India (926.55, -2.1%), Century Plyboards (India) Ltd. (734.70, -0.7%) and Kalpataru Projects International Ltd. (1,199.80, 0.0%).

UTI Asset Management Company Ltd. (1,394.40, 3.7%) was trading at 12.6 times of weekly average. Home First Finance Company India Ltd. (1,373.90, 0.8%) and JBM Auto Ltd. (648.80, 2.1%) were trading with volumes 11.7 and 7.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

7 stocks hit their 52 week highs, while 1 stock were underachiever and hit their 52 week lows.

Stocks touching their year highs included - Glenmark Pharmaceuticals Ltd. (1,904, 4.7%), SRF Ltd. (3,259.60, -0.6%) and UltraTech Cement Ltd. (12,516, -0.4%).

Stock making new 52 weeks lows included - Ola Electric Mobility Ltd. (39.95, -1.1%).

18 stocks climbed above their 200 day SMA including Kirloskar Oil Engines Ltd. (918.10, 10.4%) and Campus Activewear Ltd. (287.55, 6.2%). 17 stocks slipped below their 200 SMA including Great Eastern Shipping Company Ltd. (1,006.25, -2.2%) and Aarti Industries Ltd. (448, -2.1%).

 
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The Baseline
10 Jul 2025
Five winners from analysts: Stocks set to start FY26 with a bang | Screener: Stocks analysts are most bullish on
By Tejas MD

We are in the week right before the first quarter results of FY26, when hopes are not yet dashed and anything is possible. The market has been stuck in neutral, awaiting early signals on results and the India-US trade deal.

The deal has been stuck in the "it's almost there" stage for a while now. President Trump said that the India-US trade deal is “close” on July 7, even as the deadline for new tariffs quietly shifted from July 9 to August 1.

The Indian government has also sent mixed signals. Over the past week, the media quoted anonymous government sources promising a trade deal signing “within 48 hours”, “by 10 pm tonight” and so on. But then Commerce Minister Piyush Goyal confused everyone when he said, “India does not negotiate under deadlines”. 

The earnings outlook is looking mixed as well. Analysts predictthatNifty 50 companies will post single-digit YoY net profit growth for the first time in nine quarters. 

But it’s not all gloom and doom. The market is increasingly favouring the selective investor. Some companies in the pharma, telecom, and banking sectors are expected to deliver double-digit profit growth.

So which stocks are analysts bullish on this Q1?

In this week’s Analytics,

  • Growth mode on: Five companies to watch this quarter
  • Screener: Stocks with strong bullish forecasts and high upside potential

Five potential winners from analysts

As we head into the Q1FY26 results, we shortlist five stocks from the Nifty 500 that are predicted to post high revenue and net profit growth YoY and QoQ in Q1FY26, according to Trendlyne’s Forecaster. These companies have already set the bar high with strong results in Q4FY25.

Five stocks across industries have strong revenue and profit forecasts

All five stocks, Multi Commodity Exchange, Bharti Airtel, Firstsource Solutions, Lupin and Endurance Technologies, are from different sectors. 

Only Lupin has underperformed the benchmark index in the past quarter. But over a longer timeframe, all five stocks have outperformed the index by a good margin. 

Four out of five stocks have at least doubled in the past two years

These stocks have either ‘Good’ or ‘Medium’ scores across the Durability, Valuation, and Momentum categories. Bharti Airtel stands out with especially high scores and a DVM classification of ‘Strong Performer’. Good Durability and Valuation scores signal that these stocks may be financially strong, undervalued picks. 

Stocks in focus have good Durability scores with strong fundamentals

These stocks also benefit from the industries they are in. Pharma, telecom and software are all expected to deliver good results.

Pharma is gaining from strong US generics sales, new specialty launches, and easing price pressures. Software has been seeing stable deal flows and improved cost control, both good for margins. Telecom has seen recent tariff hikes and steady subscriber growth.

Trading boost: MCX grows thanks to precious metals, energy, and new launches

This commodity derivatives exchange holds a near-monopoly in India’s market, with a share of around 98%. 

The company’s growth engine is its bullion (gold and silver), and energy futures & options. These segments are driving volumes amid rising global volatility. 

New product launches set to lift MCX’s revenue in Q1FY26

New product launches such as monthly-expiry gold and silver options, upcoming electricity derivatives, and planned weekly crude futures, are diversifying revenue streams and boosting trading volumes. 

Praveena Rai, CEO of MCX is bullish about electricity derivatives, saying, “We see significant growth in this space. There is reasonable volatility. There is interest from market participants. And there is also a need for this because India is a huge market when it comes to power.”

With more participants entering the market, MCX looks well-placed for growth, according to analysts. But increased spending on tech has hit margins in recent quarters. In Q4FY25, total expenses jumped 64% YoY due to higher tech spending. Staff costs also surged 50% YoY, which weighed on margins.

Growth in high doses: US traction, new launches boost Lupin’s outlook

Analysts expect this pharmaplayer’s net profit to jump 58.7% YoY in Q1FY26. Complex generics and specialty drugs, which are high-margin segments with low competition, are projected to boost net profit.

US business is expected to remain the key growth driver, on the back of new launches in complex generics and specialty drugs, including Tolvaptan. In Q4FY25, the US business grew 19% YoY, compared to a 6.9% growth in the domestic market. 

Lupin banks on complex generics and specialty drugs to fuel growth

Nilesh Gupta, Lupin’s MD, commented on Lupin's shift in focus, “In FY25, complex generics contribute about 30% of our revenues. Over the next five years, this will account for 49% of revenues. The growth drivers for the business remain new product launches (NPLs), and we have more than 100 NPLs.”

As global demand for complex generics and biosimilars rises, Lupin is positioning itself to ride this tailwind.

Strong signals: 5G and broadband gains lift Airtel’s outlook

Airtel is expected to build on its momentum in FY26 with another strong set of results. The aggressive 4G-to-5G transition, combined with its industry-leading average revenue per user (ARPU) of Rs 245, is set to drive growth. 

The company has focused on expanding its high-speed network, customer additions and increasing tariffs is boosting growth in its mobile services segment. 

Gopal Vittal, Airtel’s MD, noted, “Most of the customers who we acquire come via family plans. That means three, two, three, or four family members. They tend to be on different operators, so aggregating them onto our family plans becomes a very important driver of our growth.”

Fast lane to growth: Airtel rides 5G wave and tariff hikes

Industry trends, such as the surge in broadband users and the rapid shift to 5G, provide a favourable environment for Airtel's sustained growth.

Higher gear: EV focus, new orders accelerate Endurance Tech’s growth

Endurance Technologies has been a key player in the auto component industry in India and Europe, supplying aluminium castings, suspensions, transmissions, braking systems, and battery management systems.

Its revenue driver is India’s two and three-wheeler segments, supported by new model launches. A growing focus on EV components, combined with the upcoming ABS mandate for two-wheelers, effective from January 2026, is expected to drive growth this FY.

EV order wins and two-wheeler demand power Endurance Tech’s revenue growth

Endurance's expansion into the four-wheeler segment, both in India and Europe, is also contributing to the topline. In Europe, it secured €12.4 million in new orders, including major deals from Volkswagen and BMW in the hybrid segment.

However, tariff escalations continue to be a concern for the company’s export business. 

Europe's slowing growth is another issue. Massimo Venuti, CEO of Endurance Overseas, said, “In Q4FY25, new car registrations in the European Union dropped by 1.9% YoY, and production of new light vehicles in Europe is expected to decline by over 2% in the 2025 calendar year.”

Digital edge: AI, 'un-BPO' strategy to boost Firstsource

This BPO company is on track to post YoY revenue growth for the tenth straight quarter, driven by its “UnBPO” transformation—a shift from traditional outsourcing to a tech-led, 'digital-first' business model.

The company secured five major deals in Q4, four of which were valued at over $10 million. North America remains a major market for the company, accounting for over 67% of its revenue. 

BFSI and healthcare to drive Firstsource’s 10th straight YoY revenue gain

Growth is led by the healthcare, BFSI, and media-tech verticals, with strong traction in GenAI services, claims processing, and digital intake. 

Regarding deal wins in Q4, Ritesh Idnani, Firstsource’s CEO, said, “We won our largest deal in healthcare this quarter from one of the mid-market health plans in North America. This is also a new logo for us. This is a five-year business process as a service deal for us, with an annual contract value of well over $50 million in steady state”. 

Screener: Stocks with strong bullish forecasts and high upside potential

Banks have the highest bullish forecasts and high target upside

As we approach the Q1FY26 results season, we examine stocks with the highest number of bullish estimates. This screener shows stocks with a high number of bullish forecasts from institutional analysts, and the highest Forecaster estimates 12-month target price upside %.

The screener includes stocks from banks, cars & utility vehicles, cement & cement products, IT consulting & software, and pharmaceutical industries. 

Major stocks that appear in the screener are ICICI Bank, HDFC Bank, Mahindra & Mahindra, ITC, Axis Bank, State Bank of India, Tata Consultancy Services, and Crompton Greaves Consumer Electricals. 

HDFC Bank has 38 bullish forecast estimates, with a Forecaster 12-month target price upside of 10.2%. Analysts at Geojit BNP Paribas believe that the bank is well-positioned to capitalise on improving liquidity, strong capital foundation, and enhanced tech capabilities to drive loan growth. They also expect HDFC Bank’s margins to expand, led by favourable asset composition, an improved borrowing mix and lower funding costs. Analysts expect the lender’s net interest income (NII) and net profit CAGR of 7.8% and 7.7% over FY26-27, respectively.

Mahindra & Mahindra also features in the screener with 35 bullish forecast estimates and Forecaster 12-month target upside of 13%. According to BOB Capital Markets, this cars & utility vehicles company’s automotive and farm equipment sector (FES) segments will grow on the back of healthy monsoons and a strong launch pipeline. The brokerage expects a revenue and net profit CAGR of 13.1% and 17% over FY26-27.

You can find some popular screeners here.


 
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Trendlyne Marketwatch
09 Jul 2025
Market closes lower, Sarda Energy gets CSPDCL nod to source power from Rehar-1 hydro project
By Trendlyne Analysis

Nifty 50 closed at 25,476.10 (-46.4, -0.2%), BSE Sensex closed at 83,536.08 (-176.4, -0.2%) while the broader Nifty 500 closed at 23,557.45 (-15.1, -0.1%). Market breadth is neutral. Of the 2,483 stocks traded today, 1,242 were gainers and 1,195 were losers.

Indian indices closed lower after falling in the afternoon session. The Indian volatility index, Nifty VIX, fell 2.1% and closed at 11.9 points. Vedanta closed 3.4% lower after US-based short-seller Viceroy Research accused its parent, Vedanta Resources, of running a Ponzi-like scheme to service debt. The Vedanta Group denied the allegations, calling the report baseless and malicious.

Nifty Smallcap 100 closed higher, while Nifty Midcap 100 closed flat. Nifty Realty and BSE Metal were among the top index losers today. According to Trendlyne’s sector dashboard, Oil & Gas emerged as the worst-performing sector of the day, with a fall of 1.1%.

Asian indices closed mixed. European indices are trading higher, except for Russia’s RTSI and MOEX, which are trading lower. US index futures are trading flat as investors assess Donald Trump’s threat of a 200% tariff on drug imports and a 50% import duty on copper. Investors also await the Federal Reserve’s June meeting minutes for clarity on the outlook for interest rate cuts. Brent crude futures are trading higher after rising 0.8% on Tuesday.

  • Relative strength index (RSI) indicates that stocks like Laurus Labs, Bayer Cropscience, Jaiprakash Power, and JM Financial are in the overbought zone.

  • Indian Energy Exchange rises sharply as reports suggest the government is not prioritising market coupling as a key reform. This eases concerns that the move could reduce trading volumes on exchanges like IEX by introducing a uniform power price.

  • Motilal Oswal retains its 'Buy' call on SRF, with a higher target price of Rs 3,700 per share. This indicates a potential upside of 12.8%. The brokerage believes that the company's focus on market recovery, innovation, and improving operational efficiencies will grow profitability. It expects the firm's revenue to grow at a CAGR of 17.5% over FY26-27.

  • Lupin signs a global licensing agreement with Zentiva to commercialize its biosimilar Certolizumab Pegol. Under the deal, Lupin will develop and supply the drug, while Zentiva will manage sales outside the United States and Canada. Lupin to receive $10 million upfront and up to $50 million in milestones.

  • Antique Stock Broking initiates coverage on Birlasoft with 'Hold' rating and a target price of Rs 450. The brokerage expects a gradual recovery for Birlasoft following a tough FY25, with growth likely to pick up in the second half of FY26, supported by deal ramp-ups and a rebound in key sectors like BFSI. Management is focusing on revenue growth over short-term profitability, and expects FY26 margins to stay flat at around 13%.

  • Sarda Energy & Minerals is rising as it receives approval from the Chhattisgarh State Power Distribution (CSPDCL) to procure 24.9 MW of electricity from the Rehar I small hydro power project on a long-term basis.

  • Vedanta falls sharply after short-seller Viceroy Research alleges material discrepancies in group financials and calls the structure financially unsustainable, citing elevated debt and governance concerns. Vedanta denies the claims, calling them baseless allegations aimed at discrediting the group.

  • Prestige Estates Projects' sales surges 3X YoY to Rs 12,126.4 crore in Q1FY26. Collections for the quarter increase by 55% YoY to Rs 4,522.7 crore. The company adds four new residential projects during the quarter across NCR, Chennai and Bengaluru.

  • Syrma SGS Technology plans to establish India’s largest multi-layer Printed Circuit Board (PCB) and Copper Clad Laminate (CCL) manufacturing facility at Naidupeta in Andhra Pradesh. The Rs 1,800 crore project will be developed in partnership with South Korean major Shinhyup Electronics, which will provide technology and marketing support.

  • Mahindra Logistics surges as its board of directors schedules a meeting on July 11 to consider raising funds by issuing equity shares or other securities.

  • GR Infraprojects is rising as its subsidiary, GR Varanasi Kolkata Highway, receives a Rs 1,248 crore project from the National Highways Authority of India (NHAI). The project involves constructing a 6-lane greenfield highway section in Bihar over the next two years.

  • Ventura maintains its 'Buy' call on Larsen & Toubro, with a target price of Rs 4,448 per share. This indicates a potential upside of 24%. The brokerage believes that the company is well-positioned to bag new orders with the government increasing the capex for railways, roads, defence, energy, and rural/urban development to Rs 11.2 lakh crore. It expects the company's revenue to grow at a CAGR of 13.5% over FY26-28.

  • Tesla assures its Indian suppliers that its local sourcing policy stays unchanged despite possible US tariffs. It adds that its long-term global partnership approach will remain consistent. Reportedly, Sona BLW and Samvardhana Motherson are among those supplying parts to Tesla.

  • Tata Motors' global wholesales decline 9% YoY to 3 lakh units in Q1FY26. The drop is led by lower sales across segments, including an 11% fall in subsidiary Jaguar Land Rover's (JLR) global wholesales. The company attributes the decline to the phasing out of older Jaguar models and a temporary pause in US shipments due to new import tariffs.

  • Ashok Leyland's board of directors sets July 16 as the record date for its 1:1 bonus share issue. The shareholders will receive one new fully paid equity share of Rs 1 each for every one existing equity share.

  • Hindustan Copper falls after US President Donald Trump says he will impose a 50% tariff on copper imports. The news pushes global copper prices up over 10% before easing slightly.

  • Elgi Equipments rises over 4% as SBI Mutual Fund reportedly buys 18.1 lakh shares (0.6% equity) amounting to Rs 96.4 crore in a block deal.

  • Signature Global's Q1FY26 pre-sales decline 15% YoY to Rs 2,640 crore, with a 23% YoY decrease in collections to Rs 930 crore.

  • Crizac’s shares debut on the bourses at a 14.7% premium to the issue price of Rs 245. The Rs 860 crore IPO received bids for 59.8 times the total shares on offer.

  • Union Bank's Q1FY26 total business reaches Rs 22.1 lakh crore, up 5% YoY. Total deposits grow 3.6% to Rs 12.3 lakh crore, and gross advances rise 6.8% YoY during the quarter.

  • According to data released by the Association of Mutual Funds in India (AMFI), mutual funds' net equity inflows rise 24% MoM to Rs 23,568 crore in June. Meanwhile, total assets under management(AUM) increase by 3% MoM, reaching Rs 74.4 lakh crore in June.

  • Motilal Oswal initiates a ‘Buy’ rating on Delhivery with a target price of Rs 480. The brokerage believes Delhivery’s focus on strategic acquisitions and integrated logistics, along with rising e-commerce penetration, strengthens its growth prospects and expects EBITDA to grow at a CAGR of 36% between FY26 and FY28.

  • Bajel Projects rises to its 5% upper limit as it plans to invest Rs 170 crore to expand capacity at its Ranjangaon facility. The expansion will increase galvanisation capacity from 40,500 metric tonnes per annum to 1.1 lakh metric tonnes per annum.

  • Puravankara is rising as it bags orders to redevelop eight residential societies in Mumbai, with an estimated saleable area of 12 lakh square feet and a gross development value (GDV) of Rs 2,100 crore.

  • Varroc Engineering is falling as its Dutch subsidiary, VarrocCorp Holding BV, receives an arbitration order worth $66.4 million (~ Rs 570.4 crore) from the ICC International Court of Arbitration. The order is in favour of OPmobility Lighting Holding, France, for alleged breaches in the securities purchase agreement by VarrocCorp.

  • Nifty 50 was trading at 25,488.30 (-34.2, -0.1%), BSE Sensex was trading at 83,656.14 (-56.4, -0.1%) while the broader Nifty 500 was trading at 23,557.65 (-14.9, -0.1%)

  • Market breadth is in the green. Of the 2,002 stocks traded today, 1,251 showed gains, and 701 showed losses.

Riding High:

Largecap and midcap gainers today include FSN E-Commerce Ventures Ltd. (213.37, 5.3%), Coromandel International Ltd. (2,302.40, 4.3%) and MRF Ltd. (1,50,715, 4.0%).

Downers:

Largecap and midcap losers today include GAIL (India) Ltd. (185.03, -4.0%), Union Bank of India (144.59, -3.8%) and Max Healthcare Institute Ltd. (1,247.40, -3.7%).

Crowd Puller Stocks

25 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Metropolis Healthcare Ltd. (2,057.90, 10.3%), Sterling and Wilson Renewable Energy Ltd. (331.45, 8.6%) and PG Electroplast Ltd. (788.75, 6.5%).

Top high volume losers on BSE were Union Bank of India (144.59, -3.8%), Vedanta Ltd. (440.75, -3.4%) and Hindustan Copper Ltd. (264.75, -3.3%).

Akzo Nobel India Ltd. (3,648.80, -1.0%) was trading at 30.5 times of weekly average. Global Health Ltd. (1,278.70, 5.0%) and PCBL Chemical Ltd. (423.70, 4.8%) were trading with volumes 21.5 and 17.5 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

7 stocks took off, crossing 52 week highs, while 1 stock hit their 52 week lows.

Stocks touching their year highs included - MRF Ltd. (1,50,715, 4.0%), The Ramco Cements Ltd. (1,102.20, 0.3%) and UltraTech Cement Ltd. (12,562, 0.9%).

Stock making new 52 weeks lows included - Ola Electric Mobility Ltd. (40.38, -0.9%).

20 stocks climbed above their 200 day SMA including Metropolis Healthcare Ltd. (2,057.90, 10.3%) and PCBL Chemical Ltd. (423.70, 4.8%). 9 stocks slipped below their 200 SMA including GAIL (India) Ltd. (185.03, -4.0%) and Vedanta Ltd. (440.75, -3.4%).

 
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The Baseline
09 Jul 2025
By Omkar Chitnis

'Keiretsu' is a Japanese business structure that describes a network of companies that hold stakes in one another while maintaining close business ties. 

Family-owned Indian conglomerates, such as the powerhouses Tata, Bajaj, Mahindra and the Murugappa Group, benefit from such a model: they operate across various sectors, cross-sell and share resources within their family companies. These interconnections have provided stability and supported long-term value creation over the past decades. Family businesses like these contribute to 79% of the country’s GDP, according to HSBC Global Private Banking report.

N Chandrasekaran, Chairman of Tata Sons, sums up this advantage, saying, “The most important thing is what I call ‘group leverage’—the ability of individual operating companies to leverage each other’s strengths and work together to create a force multiplier for the entire group.”

In this edition of Chart of the Week, we analyse family-owned stocks that have outperformed the index over the past year. Four family group companies appear frequently in this screener, including Murugappa, Mahindra, Tata and Bajaj. 

Bajaj Group stocks outperform the index on strong AUM growth

The Bajaj Group has 12 listed companies with a total market value of Rs 8.6 lakh crore, spanning the two- and three-wheeler, finance, housing finance, holding companies, household appliance, and personal products segments. 

Among these, Bajaj Finserv, Bajaj Finance, Bajaj Housing Finance and Maharashtra Scooters outperformed the Nifty 50 by 22.9 percentage points, 25.1 percentage points, 67.6 percentage points and 48.3 percentage points, respectively. 

Bajaj Group’s financial stocks jumped the most over the past year. Bajaj Finserv, the flagship financial services holding company of the group, rose 27.8% in the same period. 

Bajaj Finserv’s revenue grew 21.2% during FY25 on the back of improvements in annual premium equivalent (APE) and value of new business (VNB). The company’s health insurance business also improved, driven by higher premiums from the motor and retail health insurance segments.

Bajaj Finance, the lending arm of the Bajaj Group and a subsidiary of Bajaj Finserv, rose by 30% in the same period. Bajaj Finance’s subsidiary, Bajaj Housing Finance, was listed on the bourses in September 2024 and has jumped 72.5% in the past year. 

Bajaj Finance’s FY25 revenue and net profit increased by 26.8% and 15.1%, respectively. An improvement in assets under management (AUM), net interest income (NII), customer acquisition, and the addition of new locations throughout the year led to a rise in revenue. 

The company’s Vice Chairman, Rajeev Jain, said, “FY25 was a good year for the company in terms of volumes, AUM growth, customer acquisition, operating efficiency, and pre-provisioning profit. The company booked a record 18.8 million loans and expanded its customer franchise.”

Maharashtra Scooters (MSL) was the scooter segment of the Bajaj Group before transitioning into a core investment company (CIC) after Bajaj Auto took over scooter manufacturing operations. It has risen 53.2% over the last year. MSL operates as an unregistered CIC, meaning at least 90% of its assets are invested in Bajaj Group entities. As a CIC, the company’s value is directly linked to the performance and dividends of these investments. 

Murugappa Group stocks gain from strong fertiliser demand

TheMurugappa Group operates businesses in agriculture,engineering, andfinancial services industries, with nine listed companies. Some of its businesses hold stakes in other group companies, creating cross-holdings that influence profits and business growth. 

Out of the nine listed stocks of the Murugappa Group, four have outperformed the benchmark index over the past year. Cholamandalam Financial Holdings (CFHL), EID Parry, Coromandel International,andCholamandalam Investment and Finance Company (CIFCL) outperformed it by 37.2, 37.4, 33.7, and 1.3 percentage points, respectively.

Cholamandalam Financial Holdings (CFHL) is the core investment arm of the Murugappa Group. Over the past year, its shares have risen by 42.2%, supported by the strong performance of its key subsidiary, Cholamandalam Investment and Finance Company (CIFCL). CFHL holds a 44.3% stake in CIFCL, which allows it to earn regular dividends and benefit directly from CIFCL’s growth.

In FY25, CIFCL’s revenue grew 35% to Rs 25,845.9 crore, and its profit increased 24.6%, supported by higher vehicle finance disbursements and improved net interest income.

Ravindra Kundu, MD, said, “We expect disbursements in the vehicle financing segment to grow by 17% in FY26, helped by better performance and capacity utilisation in the small commercial vehicle and light commercial vehicle segments."

In agri-business, EID Parryowns a 56.1% stake in Coromandel International. This helps Coromandel save costs by using by-products from EID Parry’s sugar factories and lets EID Parry sell its products through Coromandel’s retail stores. 

EID Parry’s shares surged 42.3% over the past year, supported by government policies on biofuels and diversification into consumer segments. Meanwhile, Coromandel International, which operates in the farm inputs sector, also outperformed, with shares rising 38.6% over the past year, helped by strong fertiliser demand and government subsidies. 

Mahindra Group stocks rise on expansion plans

Mahindra Group has companies across industries, including cars & utility vehicles, IT consulting & software, auto parts & equipment, and financial services, among others. 

Three stocks from the group outperformed the benchmark index, with Mahindra & Mahindra (M&M), Tech Mahindra, and Swaraj Engines outperforming the index by 4.7, 7, and 40.2 percentage points, respectively.

M&M is the flagship of the Mahindra group, manufacturing electric vehicles, sports utility vehicles, commercial vehicles, and farm equipment. The company is also a majority stakeholder (52% stake) in Swaraj Engines, which manufactures tractor engines for M&M’s Swaraj division (tractor segment). 

Tech Mahindra is the IT consulting & software arm of the conglomerate and provides tech support and digital capabilities to Mahindra Group companies alongside a global client base. 

M&M rose 9.6% over the past year, led by revenue and net profit growing 14.3% and 14.7%, respectively, in FY25. Improvements in sales of cars, tractors, electric three-wheelers, and commercial vehicles helped revenue growth. 

Swaraj Engines is up 45.2% over the past year, after an 18.5% growth in revenue and a 20.4% increase in net profit in FY25. An increase in demand from the tractors division of M&M, which accounts for 90% of Swaraj Engines' total revenue, contributed to revenue growth. 

Tech Mahindra’s stock price rose by 11.8% in the last year, supported by its net profit jumping by 80.3% during FY25. Lower employee benefits and sales expenses, along with higher margins due to Project Fortius (Tech Mahindra's three-year plan, launched in April 2024, aimed at achieving a 15% operating margin by FY27), contributed to improved profitability.

Tata Group stocks rise on business expansion and cross-company support

Tata Group’s 26 listed companies span across steel, automobiles, IT products, FMCG, and hospitality, with a combined market value of Rs 31.1 lakh crore. Each Tata group company collaborates with others in the group.  

For instance, Tata Consultancy Services handles IT services for group companies, Indian Hotels purchases vehicles from Tata Motors, Tata Power supplies power to the group’s factories, and Tata Steel supplies steel to Tata Projects for construction activities.

Over the past year, only two of the 26 listed companies have outperformed the Nifty 50 index. Indian Hotels Company (IHCL) and Titan Company by 15.4 and 0.4 percentage points, respectively.

The Indian Hotels Company (IHCL), operator of the Taj, Vivanta, and Ginger brands, has seen its share price rise by 20.3% over the past year, driven by 80% occupancy and new hotel openings.

The company plans to invest Rs 5,000 crore over the next five years to double its hotel count to 700 hotels by FY30, up from its current 381 hotels. Since 2017, it has increased its capital-light inventory model from 26% to 43% in FY24 by reducing dependence on its owned assets. This shift has helped expand its footprint and improve profit margins by 6.8 percentage points over the past three years. 

Titan Company, known for its watches, saw its share price gain 5.2% over the past year. The company, which began in 1984 as a watch manufacturer with Titan Watches, has since expanded into jewellery, eyewear, fashion accessories, and the ethnic wear segment. In FY25, the Jewellery business contributed 88.6% of its total revenue, while watches and wearables accounted for 7.7%

 
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The Baseline
08 Jul 2025
Five stocks to buy from analysts this week - July 08, 2025
By Divyansh Pokharna

1. Abbott India:

BoB Capital Markets reiterates its ‘Buy’ rating on this pharma company with a target price of Rs 40,128, a 17.5% upside. Abbott currently sells Novo Nordisk’s insulin products in India, including Mixtard, but this arrangement is set to change. Novo Nordisk plans to phase out its older insulin pens and replace them with newer injectables like Wegovy, which are in higher demand. However, Novo plans to distribute Wegovy directly, rather than through Abbott. 

Abbott’s insulin sales from Novo are estimated at around Rs 1,500 crore in FY25, with margins in the low single digits. Analyst Foram Parekh expects profitability to improve once these lower-margin products are phased out. He highlights that Abbott’s core business operates at significantly higher margins of around 38–39% and expects the company to deliver a net profit CAGR of 12.1% over FY26–27.

The company currently generates about Rs 1.3 crore in sales per medical representative (MR), with a field force of 3,250 MRs. It plans to improve productivity by launching new products, entering additional therapy areas and regions, and taking price hikes. By FY27, the company aims to raise MR productivity to Rs 1.5 crore with a team of 3,500 MRs.

2. Affle (India):

Sharekhan maintains its ‘Buy’ rating on this internet software firm with a target price of Rs 2,250, a 13.7% upside. In FY25, Affle's revenue and net profit grew 23% and 28.5%, driven by a 28.3% rise in revenue per converted user. The company is targeting over 20% revenue growth in FY26 and aims for 10x growth over the medium term.

During the year, developed markets grew faster than India and other emerging markets. However, the company expects more balanced growth in FY26. Growth in developed markets is likely to come from new client additions, while in India and emerging markets, it is expected to be driven by increased spending from existing clients.

Analysts believe the company is well-positioned to benefit from rising global digital spending and the shift toward performance-driven advertising, supported by its strong presence across key sectors and markets.

3. HDB Financial Services:

Emkay initiates coverage on this NBFC with a ‘Buy’ rating and a target price of Rs 900, a 6% upside. The company listed on the exchange on July 2, at a 12.8% premium to its issue price of Rs 740. Analysts Avinash Singh, Kishan Rungta, and Mahek Shah note that HDFC Bank’s parentage gives HDB Financial Services (HDBFS) key advantages, including access to low-cost funds due to its AAA rating and strong brand visibility. The company currently has assets under management (AUM) of over Rs 1.1 trillion.

The company’s lending capabilities and improved capital position after the IPO mean it’s likely to benefit from rising credit demand, helped by government and regulatory growth measures. It also expects a boost from improving net interest margins (NIMs) driven by potential rate cuts.

Singh, Rungta and Shah believe that the company’s diversified product mix and continued focus on underserved segments are expected to drive AUM CAGR of around 20%, reaching Rs 1.8 trillion by FY28. They also expect net profit to grow at a CAGR of 28.7% over FY26–28.

4. Chalet Hotels:

ICICI Securities initiates a ‘Buy’ rating on this hotel company with a target price of Rs 1,058, a 23.1% upside. Revenue rose 22% to Rs 1,754 crore in FY25, driven by higher average room rates and improved occupancy.

Analysts Adhidev Chattopadhyay and Saishwar Ravekar note that the company’s capex plan of Rs 700–800 crore is on track to open new properties in Lonavala, Bengaluru and Delhi by H1FY27. They expect this expansion to increase the hotel’s room inventory to 4,685 keys by FY28, up from the current 3,314 keys.

CEO Sanjay Sethi notes,“We aim to achieve double-digit revenue per available room (RevPAR) growth through FY26 to FY28, supported by favourable demand-supply dynamics and strategic expansions in the Bengaluru, Goa, and Delhi regions. The capex for these new projects is funded through internal accruals and intend to maintain net debt-to-EBITDA below 3.5x.”

Management aims to generate Rs 700–800 crore in annual operating cash flow by FY28 as new properties become operational and the portfolio expands to 5,000 keys. Analysts expect Chalet’s annuity assets, including commercial rental spaces, to contribute over Rs 300 crore in annual EBITDA once fully stabilised by FY28. They project revenue to grow by 17% over FY26–27. 

5. ACME Solar Holdings:

Motilal Oswal initiates a ‘Buy’ rating on this renewable energy company with a target price of Rs 347, a 34.3% upside. Analysts Abhishek Nigam and Preksha Daga note that ACME's operating solar capacity has reached 2.9 gigawatts (GW) from 1.3 GW since its public listing in November 2024.

The company has a project pipeline of 6.9 GW. Analysts believe that once commissioned, this could generate EBITDA of Rs 8,100 crore by FY29. They expect the company to commission 1.9 GW of capacity in FY27, which could act as a key catalyst for the stock.

In FY25, its revenue grew by 7.4% to Rs 1,575 crore, driven by capacity expansion and increased power generation. The company has planned capital expenditure (capex) of Rs 13,690 crore in FY26. Analysts estimate EBITDA margins of 88.5% in FY27, up from 87.9% in FY25, as they expect the Sikar solar project to commission by FY28, a year earlier compared to the previous deadline.

Analysts note that the timely commissioning of solar projects, low-interest expenses, and potential new project wins are catalysts driving the company’s performance. They estimate revenue and net profit to grow by 67% and 56%, respectively, over FY26–27.

The analysts project mid-single-digit growth for the domestic tractor segment in FY26 from new product launches in the construction equipment and tractor segments. They expect exports to grow by 20–25% in FY26 and estimate revenue and net profit will rise by 10.5% and 16%, respectively, over FY26–27.

Note: These recommendations are from various analysts and are not recommendations by Trendlyne.

(You can find all analyst picks here)

 
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Trendlyne Marketwatch
08 Jul 2025
Market closes higher, Phoenix Mills' residential sales jump 2.4X YoY in Q1FY26
By Trendlyne Analysis

Nifty 50 closed at 25,522.50 (61.2, 0.2%), BSE Sensex closed at 83,712.51 (270.0, 0.3%) while the broader Nifty 500 closed at 23,572.55 (21.4, 0.1%). Market breadth is in the red. Of the 2,481 stocks traded today, 1,068 showed gains, and 1,367 showed losses.

Indian indices closed higher after switching between gains and losses throughout the day. The Indian volatility index, Nifty VIX, fell 2.8% and closed at 12.2 points. PC Jeweller closed 4.3% lower as the stock exchanges placed it under the short-term Additional Surveillance Measure (ASM) framework following a sharp two-day rally.

Nifty Smallcap 100 and Nifty Midcap 100 closed lower. S&P BSE SME IPO and Nifty Realty were among the best-performing indices of the day. According to Trendlyne’s sector dashboard, Hotels, Restaurants, & Tourism emerged as the best-performing sector of the day, with a rise of 1.1%.

European indices are trading mixed. Major Asian indices closed higher, except Malaysia’s KLCI and Thailand’s SET indices, which closed 0.5% and 0.7% lower, respectively. US index futures are also trading mixed, indicating a cautious start to the session after President Trump sent out tariff letters to 14 countries, including Japan, South Korea, and South Africa, while postponing the deadline for imposing the higher tariffs to August 1.

Most European indices closed mixed on Monday. Major Asian indices are trading with varied trends. US indices closed lower on Monday, with the Dow Jones and S&P 500 closing 0.9% and 0.8% in the red after President Trump announced new import tariffs ranging from 25-40% on at least seven countries, including Japan, South Korea, and South Africa.

  • Money flow index (MFI) indicates that stocks like Bosch, Laurus Labs, Glenmark Pharma, and IDFC First Bank are in the overbought zone.

  • Phoenix Mills is rising as its Q1FY26 consumption sales increase 12% YoY, led by strong performance at Phoenix Citadel, Phoenix Palladium, and Phoenix Palassio. Residential sales jump 2.4X YoY to Rs 168 crore.

  • Railtel Corp of India bags a letter of intent (LoI) for an order worth Rs 97 crore from Central Warehousing Corp to supply, install, test, commission, operate and maintain smart warehousing elements at 226 foodgrain warehouses.

  • Axis Securities maintains a 'Buy' rating on Gravita India with a target price of Rs 2,045, indicating a 14.3% upside. The brokerage cites ongoing capacity expansion via greenfield and brownfield projects to support growth in both existing and new recycling verticals. It also expects profit to outpace revenue, driven by a better product mix and stronger operating leverage.

  • Atim Kabra, Director at Astra Microwave Products, projects an FY26 revenue of Rs 1,200 crore. He expects orders of approx Rs 1,800-2,000 crore from the Quick Reaction Surface-to-Air Missile (QRSAM) project by the end of FY26 or early FY27.

  • Lodha Developers' pre-sales grow 10% YoY to Rs 4,450 crore in Q1FY26. Collections for the quarter increase by 7% YoY to Rs 2,880 crore. The company adds five new projects across Mumbai, Pune and Bengaluru, with a total gross development value (GDV) of Rs 22,700 crore.

  • Jyoti Structures files an application with the National Company Law Tribunal (NCLT), Mumbai, against West Bengal State Electricity Distribution Co. The company seeks to restrain it from recovering dues that have already been settled under the approved insolvency resolution plan.

  • Anand Rathi maintains its 'Buy' call on Gabriel India, with a higher target price of Rs 1,400 per share. This indicates a potential upside of 42%. The brokerage believes that the company's strategy to simplify the Anand Group structure with Gabriel India will drive revenue growth. It expects the firm's revenue to grow at a CAGR of 22.2% over FY26-27.

  • The Multi Commodity Exchange of India (MCX) launches Electricity Futures Contracts, effective July 10, following SEBI’s approval in June to introduce electricity derivatives. Contracts will cover all 12 calendar months, with trading initially available for the current and next three months.

  • Oriana Power surges as it secures an order worth Rs 465 crore from NTPC Vidyut Vyapar Nigam (NVVN) to set up 125 MW/250 MWh standalone battery energy storage systems (BESS) at the Giral sub-station in Rajasthan.

  • Transformers & Rectifiers' board of directors appoints Mukul Srivastava as the new Chief Executive Officer (CEO), effective July 8.

  • Ceinsys Tech is rising as it receives an order worth Rs 115 crore from Mumbai Metropolitan Region Development Authority (MMRDA) to act as the system integrator for monitoring infrastructure projects using the Integrated Data and Digital Platform (IDDP).

  • BofA Sec initiates coverage on Schloss Bangalore with a 'Buy' rating and a target price of Rs 520. The brokerage anticipates that industry trends and key initiatives, such as the growth of its five iconic hotels and portfolio expansion, will boost revenue and earnings. However, it also points out potential risks, including a downturn in the hospitality sector, revenue concentration, brand challenges, and issues related to execution or competition.

  • Gokaldas Exports, KPR Mill, and Trident rise after the US announces a 35% tariff on imports from Bangladesh, a key competitor to Indian garment exporters. The move fuels hopes of a potential India-US trade deal with lower tariffs.

  • PC Jeweller plunges as the stock exchanges place it under the short-term Additional Surveillance Measure (ASM) framework following a sharp two-day rally. The board is set to meet on July 10 to consider a preferential issue of equity shares.

  • Rajesh Power Services rises sharply as it bags an order worth Rs 220.2 crore from Madhya Gujarat Vij Company to supply, install, test, and commission 11KV Medium Voltage Covered Conductor (MVCC) across Gujarat.

  • Adani Group submits an unconditional offer of Rs 12,600 crore to acquire Jaiprakash Associates, which is currently undergoing an insolvency process. The company has received a total of five bids, with Dalmia Bharat leading the race through a conditional offer of Rs 14,600 crore.

  • Mukul Agrawal adds Jammu & Kashmir Bank to his portfolio in Q1FY26. He buys a 1.3% stake in the company.

  • Krsnaa Diagnostics rises sharply as the Rajasthan High Court rules in favour of the company and its consortium partner, Telecommunications Consultants India (TCIL), and orders the Gov. of Rajasthan to issue a new letter of award (LoA).

  • JSW Infrastructure secures a Letter of Award (LoA) worth Rs 740 crore from the Syama Prasad Mookerjee Port Authority for the reconstruction and mechanisation of Berths 7 and 8 at Netaji Subhas Dock, Kolkata port.

  • Adani Power completes the acquisition of Vidarbha Industries Power (VIPL), a 600 MW coal-based thermal power company, for Rs 4,000 crore. VIPL was undergoing insolvency proceedings and has now become a wholly owned subsidiary. With this acquisition, Adani Power's operational capacity rises to 18,150 MW.

  • Navin Fluorine's board of directors approves raising Rs 750 crore through a qualified institutional placement (QIP) of equity shares at a floor price of Rs 4,798.2 per share.

  • NLC India is rising as its board of directors approves a Rs 1,630.9 crore investment in its subsidiary, NLC India Renewables, by subscribing to equity shares of the company. The board also approves a long term loan worth $100 million (~ Rs 857.8 crore) from Sumitomo Mitsui Banking Corporation (SMBC) to fund renewable projects.

  • Refex Industries is rising as it receives an order worth Rs 250 crore from a state-owned power company for comprehensive ash disposal and three-year operation and maintenance of fly ash systems.

  • Titan's revenue grows by 20% YoY in Q1FY26, driven by improvements in the jewellery, watches & wearables, CaratLane, and eyecare segments. The company adds 10 new stores during the quarter, expanding its total store network to 3,322.

  • Nifty 50 was trading at 25,450.15 (-11.2, 0.0%), BSE Sensex was trading at 83,387.03 (-55.5, -0.1%) while the broader Nifty 500 was trading at 23,559.05 (7.9, 0.0%).

  • Market breadth is in the green. Of the 1,974 stocks traded today, 1,072 were gainers and 846 were losers.

Riding High:

Largecap and midcap gainers today include Schaeffler India Ltd. (4,201.90, 5.4%), Waaree Energies Ltd. (3,068.60, 5.2%) and NHPC Ltd. (87.96, 4.2%).

Downers:

Largecap and midcap losers today include Titan Company Ltd. (3,441.30, -6.1%), Aurobindo Pharma Ltd. (1,147.70, -3.2%) and Lupin Ltd. (1,922.10, -2.9%).

Volume Shockers

24 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Alok Industries Ltd. (22.13, 10.0%), Lemon Tree Hotels Ltd. (146.79, 6.0%) and Sonata Software Ltd. (439.95, 5.5%).

Top high volume losers on BSE were Titan Company Ltd. (3,441.30, -6.1%), Galaxy Surfactants Ltd. (2,487.80, -4.3%) and G R Infraprojects Ltd. (1,248.90, -3.0%).

Vardhman Textiles Ltd. (500.75, 0.4%) was trading at 87.4 times of weekly average. Trident Ltd. (32.29, 3.8%) and Elgi Equipments Ltd. (534.10, 0.4%) were trading with volumes 15.0 and 13.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

8 stocks overperformed with 52 week highs,

Stocks touching their year highs included - Apollo Hospitals Enterprise Ltd. (7,565, -0.7%), Divi's Laboratories Ltd. (6,938, 0.7%) and Fortis Healthcare Ltd. (790.50, -1.9%).

15 stocks climbed above their 200 day SMA including Linde India Ltd. (6,893.50, 3.2%) and Westlife Foodworld Ltd. (795, 2.9%). 12 stocks slipped below their 200 SMA including Galaxy Surfactants Ltd. (2,487.80, -4.3%) and Angel One Ltd. (2,692.60, -3.6%).