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Trendlyne Marketwatch
17 Jul 2025
Market closes lower, Polycab India's Q1 net profit grows 49.5% YoY to Rs 592.1 crore
By Trendlyne Analysis

Nifty 50 closed at 25,111.45 (-100.6, -0.4%), BSE Sensex closed at 82,259.24 (-375.2, -0.5%) while the broader Nifty 500 closed at 23,419.70 (-52.8, -0.2%). Market breadth is holding steady. Of the 2,484 stocks traded today, 1,246 were on the uptick, and 1,202 were down.

Indian indices closed lower after extending its losses in the afternoon session. The Indian volatility index, Nifty VIX, rose marginally and closed at 11.2 points. HDFC AMC closed 2.9% higher as its Q1FY26 net profit grew by 23.8% YoY to Rs 747.6 crore, beating Forecaster estimates by 7.6%. Revenue increased by 26.6% YoY, helped by higher assets under management (AUM).

Nifty Smallcap 100 closed flat, while Nifty Midcap 100 closed lower. Nifty IT and BSE Tech were among the top index losers today. According to Trendlyne’s sector dashboard, Software & Services emerged as the worst-performing sector of the day, with a fall of 1%.

Asian indices closed mixed. European indices are trading higher. US index futures are trading flat, indicating a cautious start to the trading session as investors look ahead to earnings from companies like Netflix, Johnson & Johnson, and PepsiCo. US President Trump said he is ‘highly unlikely’ to fire Fed Chair Jerome Powell, following earlier reports that he considered his dismissal. Brent crude futures are trading flat after falling 0.3% on Wednesday.

  • Money flow index (MFI) indicates that stocks like Syrma SGS Technology, Bosch, Hindustan Unilever, and Global Health are in the overbought zone.

  • Polycab India's Q1FY26 net profit grows 49.5% YoY to Rs 592.1 crore, driven by lower advertisement & sales expenses. Revenue jumps 25.8% YoY to Rs 5,985.9 crore, led by improvements in the wires & cables and FMEG segments. It features in a screener of stocks with high momentum scores.

  • HDFC Asset Management Co rises sharply as its Q1FY26 net profit grows by 23.8% YoY to Rs 747.6 crore, beating Forecaster estimates by 7.6%. Revenue increases by 26.6% YoY, helped by higher assets under management (AUM). It features in a screener of stocks with improving RoE over the past two years.

  • Reliance Power's board of directors approves raising Rs 6,000 crore by issuing equity shares through a qualified institutional placement (QIP) or other modes. The board also approves raising Rs 3,000 crore by issuing non-convertible debentures.

  • Tata Sons, the holding company of the Tata Group, is reportedly set to infuse $400 million (approximately Rs 3,340 crore) into Tata Digital, its digital commerce arm. The funding is expected to come from dividends received from Tata Consultancy Services (TCS).

  • Larsen & Toubro plans to invest Rs 1,000 crore in its Katupalli shipbuilding facility in Tamil Nadu. The investment will increase production capacity to 50,000 tonnes per annum for its modular fabrication facility (MFF) and support the construction of 25 ships annually.

  • South Indian Bank's Q1FY26 net profit grows 9.5% YoY to Rs 322 crore. Revenue increases 2.1% YoY to Rs 2,362.4 crore, driven by improvements in the treasury, wholesale and retail banking segments during the quarter. The bank's asset quality improves as its gross and net NPAs contract by 135 bps and 76 bps YoY, respectively.

  • Newgen Software falls sharply as its Q1FY26 net profit plunges 54% QoQ to Rs 49.7 crore. Revenue declines 21.2% QoQ to Rs 350 crore due to reductions in the Indian, Europe, Middle East & Africa (EMEA), Asia-Pacific (APAC), and the US markets. It appears in a screener of stocks with increasing trend in non-core income.

  • The World Bank's Global Findex 2025 report shows that 89% of Indian adults now have a financial account, mostly with banks or similar institutions (88.7%), and 23.1% use mobile money. However, India also ranks among countries with the highest share of inactive accounts. According to the World Bank, India’s financial inclusion journey is far from over.

  • Patanjali Foods' board of directors approves a bonus issue of shares to equity holders in the ratio of 2:1. This means that each shareholder will receive two fully paid-up equity share for every share they hold on the record date.

  • JTL Industries falls sharply as its Q1FY26 net profit drops 46.8% YoY to Rs 16.3 crore due to higher raw materials, inventory, employee benefits, finance, and depreciation & amortisation expenses. However, revenue grows 5.8% YoY to Rs 549.6 crore, driven by improvement in sales in the domestic and export markets. It shows up in a screener of stocks with PE higher than industry PE.

  • Mahindra Logistics surges as its board of directors approves a rights issue at Rs 277 per share and sets the record date as July 23. The issue involves 2.7 crore shares worth Rs 749.3 crore.

  • India and the US are in extended talks over a bilateral trade agreement, with the fifth round underway in Washington. Uncertainty over the deal has led importers to delay customs clearance of US walnut, almond, and nut shipments, anticipating a possible 50% duty cut. This could worsen supply disruptions as importers aim to avoid losses from clearing goods at current rates.

  • PNC Infratech rises sharply as it emerges as the lowest bidder for NHPC’s 300 MW solar project, which includes a 150 MW / 600 MWh energy storage system. The company quoted a tariff of Rs 3.1 per kilowatt-hour (kWh).

  • Mukul Agrawal adds Yatharth Hospital to his portfolio in Q1FY26. He buys a 1.1% stake in the company.

  • Le Travenues Technology (Ixigo) surges to its all-time high of Rs 206.2 as its Q1FY26 net profit grows 28.4% YoY to Rs 19.1 crore. Revenue rises 74.4% YoY to Rs 321.4 crore, driven by improvements in the flight, train, and bus travel segments. It features in a screener of stocks with increasing net cash flow and cash from operating activities.

  • ABB India is in focus after a 9% YoY drop in order inflows, as per ABB Global’s Q2CY25 results, which track third-party orders from ABB India and related entities. Slower inflows may impact near-term revenue, though exposure to high-growth sectors like data centers, renewables, and railways supports long-term prospects.

  • Smartworks Coworking Spaces’ shares debut on the bourses at a 6.9% premium to the issue price of Rs 407. The Rs 582.6 crore IPO received bids for 13.4 times the total shares on offer.

  • Kalpataru Projects International secures orders worth Rs 2,293 crore in the buildings & factories (B&F) and transmission & distribution (T&D) segments in India and overseas.

  • Hexaware Technologies rises as it announces the acquisition of Tech SMC Square India and Tech SMCSquared (GCC) India for up to $120 million (around Rs 1,029 crore) in cash. This deal helps Hexaware grow in the Global Capability Center (GCC) market in India, which is expected to cross $100 billion by 2030. It also strengthens Hexaware’s services in AI, cloud, data, and enterprise tech.

  • Kotak Institutional Equities maintains an 'Accumulate' rating on Thermax with a higher target price of Rs 3,800. The brokerage notes the company’s strong performance in FY25, supported by new product launches, increasing momentum in energy transition solutions, progress in phase II of key R&D initiatives, and strategic partnerships—especially within its chemicals segment.

  • Arvind Fashions is rising as its board of directors appoints Amisha Jain as the new Managing Director (MD) and Chief Executive Officer (CEO) for the next five years, effective August 13.

  • Angel One's Q1FY26 net profit plunges 60.9% YoY to Rs 114.5 crore due to higher finance, employee benefits, and depreciation & amortisation expenses. Revenue decreases 18.9% YoY to Rs 1,143.1 crore, caused by reductions in gross client additions and the number of orders. It appears in a screener of stocks where promoters are decreasing their shareholding.

  • L&T Technology Services' Q1FY26 net profit rises 1.5% QoQ to Rs 315.7 crore. However, revenue decreases 3.9% QoQ to Rs 2,866 crore due to lower sales from the mobility and tech segments during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding over the past two months.

  • Tech Mahindra's Q1FY26 net profit declines 2.2% QoQ to Rs 1,140.6 crore due to higher employee benefits expenses. Revenue remains flat at Rs 13,569.5 crore, caused by reductions in the IT segment. It shows up in a screener of stocks with declining net cash flow.

  • Nifty 50 was trading at 25,217.60 (5.6, 0.0%), BSE Sensex was trading at 82,753.53 (119.1, 0.1%) while the broader Nifty 500 was trading at 23,502.90 (30.4, 0.1%).

  • Market breadth is highly positive. Of the 2,001 stocks traded today, 1,536 showed gains, and 427 showed losses.

Riding High:

Largecap and midcap gainers today include Sona BLW Precision Forgings Ltd. (486, 6.8%), Thermax Ltd. (3,885.90, 6.6%) and AWL Agri Business Ltd. (278.30, 6.1%).

Downers:

Largecap and midcap losers today include Tech Mahindra Ltd. (1,563.70, -2.8%), InterGlobe Aviation Ltd. (5,796.50, -2.6%) and Waaree Energies Ltd. (3,206, -2.6%).

Movers and Shakers

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

Top high volume gainers on BSE included Sona BLW Precision Forgings Ltd. (486, 6.8%), Thermax Ltd. (3,885.90, 6.6%) and AWL Agri Business Ltd. (278.30, 6.1%).

Top high volume losers on BSE were Newgen Software Technologies Ltd. (1,025.60, -6.0%), Tech Mahindra Ltd. (1,563.70, -2.8%) and Carborundum Universal Ltd. (994.25, -0.5%).

Alok Industries Ltd. (22.04, 6.0%) was trading at 16.3 times of weekly average. Star Cement Ltd. (220.21, 4.1%) and Craftsman Automation Ltd. (6,470, 4.3%) were trading with volumes 9.6 and 8.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

9 stocks made 52 week highs,

Stocks touching their year highs included - JK Lakshmi Cement Ltd. (1,001, 3.1%), The Ramco Cements Ltd. (1,174.40, 0.6%) and Nippon Life India Asset Management Ltd. (850.45, -2.2%).

23 stocks climbed above their 200 day SMA including Thermax Ltd. (3,885.90, 6.6%) and Concord Biotech Ltd. (1,920.50, 4.5%). 4 stocks slipped below their 200 SMA including Swan Energy Ltd. (507.05, -2.9%) and Tata Elxsi Ltd. (6,196.50, -1.8%).

 
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The Baseline
17 Jul 2025
How much does India need a trade deal with the US? | Screener: Stocks with the biggest US exports

Prime Minister Modi and US President Trump have something in common: they both like taglines and punchy names. The Big Beautiful Bill, Atmanirbhar, Acche Din, Make America Great Again. So when they got together in February this year, it was inevitable that they would come up with a new catchphrase for the future India US trade relationship - the US-India COMPACT ("Catalysing Opportunities for Military Partnership, Accelerated Commerce & Technology").

Coining the phrase was the easy part. Actually reaching a compact or trade agreement, has turned out to be a bit tricky. From the argument over US exports of "non veg milk" - where American dairy cows are fed meat and blood products - to opening up India's agri sector to genetically modified US crops, there have been many disagreements.

Combine this with Trump having one hammer for many nails, threatening tariffs for nearly every political issue - like 500% tariffs on India for importing Russian oil - and a trade deal becomes even harder.

No surprise then that the US, despite promising "90 deals in 90 days" in April, has only been able to strike deals with the UK and smaller countries like Indonesia and Vietnam.  

Trump has complained that India is “the highest tariffed nation anywhere in the world.” And while this is a man with a tendency to exaggerate ("I'm a very stable genius", anyone?), India does charge high tariff rates, averaging around 12% on imports compared to 6% in Thailand, 5% in Vietnam, 3% in China and 2% in Japan.

So these two sides both claim unfair demands from the other, but are working to find common ground. How much does this deal matter to India?

In this week's Analyticks:

  • (Maybe) on the brink of a deal: How much does India need a deal with the US?
  • Screener: Stocks with the highest merchandise exports to the US

For India, the US is a heavy hitter as a trading partner

Years ago, a study found that Gujaratis had settled in 129 of the world's 190 countries. There were Gujarati families in Nauru, a Pacific Island country of 9,000 people, and Gujaratis working in the diamond mines of Yellowknife, a distant town in northern Canada. But while many millions of Indians are migrants, settling everywhere from the UK to Botswana to Kuwait, India has policy-wise been an inward looking country. Besides software, our country's industries stayed domestically focused while our rival China pushed its exports across the world. 

The attitude has changed in recent years, with the government pushing for trade deals with the UK, EU, Australia and other major countries, and providing significant incentives to exporters. Merchandise exports have grown steadily,  but services growth, thanks to software exports, have still outperformed overall. 

There is little doubt that India got a big export boost after China originated the Covid pandemic, and countries reconsidered their over-dependence on Chinese products. But India has yet to fully take advantage. One notable exception here has been in mobile exports. 

From Apple phones to HP laptops, a lot of electronics are being increasingly assembled in India instead of China. Nearly 18% of India's total merchandise exports go to the US. And electronics, pharma, textiles are big export segments to the US. 

The US for example accounts for nearly one third of India's total electronics exports, and nearly 20% in pharma. 

For these dominant sectors, having lower tariff rates would make India more competitive and boost an existing advantage. A Niti Aayog report published earlier this month, noted that major exporter economies like Canada and China have been slapped with high US tariffs in the range of 30-35%. This already gives India a relative export advantage in 78 products that make up 52% of India’s exports to the US. These include electronics, mineral fuels, apparel, plastics and furniture, worth in total of $1,265 billion.

 The government is eyeing this as a major opportunity, and considering new PLI schemes for these industries, as well as lower setup and electricity costs for manufacturers.

But a US-India trade deal would supercharge this advantage.

The last round of India–US trade talks ran from June 26 to July 2. The Indian team is now again back in the US, trying to hammer out a deal. A favourable deal for Indian sectors like textiles, gems and jewellery, garments, plastics and chemicals, could dramatically increase exports for domestic manufacturers in these segments, and boost job growth. 

So while India's ministers like Piyush Goyal have talked tough, saying India won't negotiate on a deadline, everyone is watching a clock that ticks towards August 1, when the tariffs kick in. 

Screener: Stocks with the highest merchandise exports to the US

Largest merchandise exporters to the US

As we move closer to the August 1 deadline set by President Trump for import tariffs to take effect, India is reportedly close to finalising a trade deal. The US is India’s largest export market, with a trade surplus of $41.2 billion generated in FY25. In this screener, we look at stocks with the highest merchandise exports to the US.

The screener consists of stocks with significant merchandise exports to the US. These stocks come from the pharmaceuticals, auto parts & equipment, gems & jewellery, consumer electronics, agrochemicals, and textiles industries. Major stocks in the screener are Reliance Industries, Titan, Sun Pharma, Hindalco Industries, Samvardhana Motherson International, Dixon Technologies, Glenmark Pharma, PI Industries, and UPL. 

President Trump warned about imposing a 200% import tariff on Indian pharmaceutical companies on July 9, after giving them 12-18 months to set up manufacturing facilities in the US. The Indian pharma industry generated $9 billion (~ Rs 76,831 crore) in sales from the US. Sun Pharmaceutical Industries and Glenmark Pharma were among the largest contributors. Sun Pharma reported a $1.9 billion (~Rs 16,330 crore) revenue from the US in FY25, contributing 30% of the company’s total revenue. Glenmark Pharma generated Rs 3,017.2 crore from the US in the same period, approximately 22.9% of its total revenue.

The agrochemicals industry also faces potential risks from Trump tariffs. In FY25, the industry generated $5.7 billion (~ Rs 48,978 crore) in revenue from sales to the US. UPL and PI Industries are among the largest exporters of chemicals to the US. UPL generated $728 million (~ Rs 6,060 crore) in sales from the US, contributing to 13% of its total revenue. Meanwhile, PI Industries reported $405 million (~ Rs 3,359 crore), contributing to approximately 42% of its total revenue.

You can find some popular screeners here.

 
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Trendlyne Marketwatch
16 Jul 2025
Market closes flat, ITC Hotels' Q1FY26 net profit beats Forecaster estimates by 35.5%
By Trendlyne Analysis

Nifty 50 closed at 25,212.05 (16.3, 0.1%), BSE Sensex closed at 82,634.48 (63.6, 0.1%) while the broader Nifty 500 closed at 23,472.50 (23.4, 0.1%). Market breadth is in the green. Of the 2,485 stocks traded today, 1,367 were gainers and 1,073 were losers.

Indian indices closed flat after switching between gains and losses throughout the day. The Indian volatility index, Nifty VIX, fell 2.1% and closed at 11.2 points. SBI closed higher after launching a Qualified Institutional Placement (QIP) to raise Rs 25,000 crore, potentially making it India’s largest-ever QIP, surpassing Coal India’s 2015 record of Rs 22,560 crore.

Nifty Smallcap 100 and Nifty Midcap 100 closed flat, tracking the benchmark index. Nifty PSU Bank and Nifty Media were among the best-performing indices of the day. According to Trendlyne’s sector dashboard, Media emerged as the best-performing sector of the day, with a rise of 1.4%.

European indices are trading higher, except the Netherlands’ AEX index, which is trading 1.2% lower. Major Asian indices closed mixed. US index futures are trading lower, indicating a cautious start to the session as investors await the release of wholesale producer price growth later in the day.

  • LT Foods rises as its organic business arm, Nature Bio Foods (NBF), enters the business-to-consumer (B2C) segment in Europe with a revenue target of Rs 400 crore in the next five years.

  • ITC Hotels rises sharply as its net profit grows 53.8% YoY to Rs 133.1 crore in Q1FY26. Revenue increases 15.5% YoY to Rs 815.5 crore during the quarter. The company shows up in a screener of stocks with rising quarterly net profit and profit margin YoY.

  • Axis Direct maintains its 'Buy' call on Bajaj Finance, with a target price of Rs 1,050 per share. This indicates a potential upside of 13.7%. The brokerage expects the lender's assets under management (AUM) to improve on the back of improvements in the core existing products and a scale-up of the new products. It expects the firm's AUM to grow at a CAGR of 25% over FY26-27.

  • Union Minister for New and Renewable Energy, Prahlad Joshi, states that India aims to meet 50% of its energy needs from non-fossil sources and has already achieved some 2030 targets ahead of schedule. Solar capacity has grown from 2.8 GW in 2014 to 270 GW in 2024, while wind capacity rose from 21 GW to 51 GW. Joshi credits the progress to policy reforms and capacity-building efforts.

  • Shilpa Medicare surges as it receives an establishment inspection report (EIR) with a voluntary action indicated (VAI) status from the US FDA for Unit VI facility in Dabaspet, Bengaluru. The facility manufactures and distributes Oral Dissolving Films and Transdermal Systems, which are complex dosage forms.

  • Network18 Media & Investments surges as it posts a net profit of Rs 148 crore in Q1FY26 compared to a loss of Rs 125.4 crore in Q1FY25, helped by a Rs 150 crore gain from exceptional items. Revenue falls 85.1% YoY to Rs 467.9 crore during the quarter. It appears in a screener of stocks with zero promoter pledge.

  • DB Corp is falling as its Q1FY26 net profit declines 31.4% to Rs 80.8 crore due to higher raw materials, employee benefits, and finance costs. Revenue decreases 4.7% YoY to Rs 587.2 crore, caused by reductions in the printing, publishing & allied business and radio segments. It appears in a screener of stocks with growing costs YoY for long-term projects.

  • Iron ore prices jump above $100/ton amid renewed optimism in China, fueled by stimulus hopes and improved sentiment. However, Citi analysts view the rally as speculative, lacking strong demand or supply fundamentals. They maintain a bearish stance, forecasting a drop to $90/ton within three months and warning the surge may be short-lived.

  • Premier Explosives is rising as it secures an order worth $12.2 million (approximately Rs 105 crore) from an international client to manufacture and supply defence explosives.

  • Coffee Day Enterprises surges as Dolly Khanna adds it to her portfolio. She buys a 1.6% stake in the company in Q1FY26.

  • Dixon Technologies rises as it signs a binding term sheet to acquire a 51% stake in Kunshan Q Tech Microelectronics (India). The collaboration will focus on manufacturing camera and fingerprint modules for mobile phones, IoT devices, and automotive applications.

  • Bernstein initiates coverage on Aditya Birla Lifestyle with a 'Market Perform' rating and a target price of Rs 170. Recently demerged from Aditya Birla Fashion and Retail, the company is seen by the brokerage as a market leader in legacy brands with strong recall and profitability. However, it cautions that high market penetration, the shift toward casual wear, and rising competition could constrain long-term growth.

  • Ola Electric Mobility falls after Maharashtra’s Transport Department reportedly orders the closure of its showrooms and service centres operating without valid trade certificates. The action follows a notice stating 121 outlets lacked certification and 109 show-cause notices were issued.

  • ICICI Lombard General Insurance is rising as its net profit grows 28.7% YoY to Rs 747.1 crore in Q1FY26, driven by a 24.6% YoY growth in net premium income. Revenue increases 14.2% YoY to Rs 6,395.6 crore during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Indian Overseas Bank cuts its marginal cost of lending rate (MCLR) by 10 bps across all tenures, effective July 15. The revised MCLR, applicable to loans like home loans, now ranges from 8.1% to 9%.

  • Jio BlackRock Mutual Fund gets SEBI approval to launch four passive funds: the JioBlackRock Nifty Midcap 150 Index Fund, Nifty Next 50 Index Fund, Nifty Smallcap 250 Index Fund, and Nifty 8-13 Yr G-Sec Index Fund. Three are equity index funds, while one is debt-oriented.

  • PVR INOX falls as the Karnataka government issues a draft notification to cap movie ticket prices at Rs 200 per show. The Karnataka market accounts for 12.3% of its portfolio.

  • Just Dial’s Q1FY26 net profit grows 13.1% YoY to Rs 141.2 crore. Revenue increases 15.7% YoY to Rs 367.4 crore during the quarter, driven by a rise in unique visitors and higher realisation per customer. The company appears in a screener of stocks where mutual funds have increased their shareholding over the past month.

  • HDFC Bank is rising as its board of directors schedules a meeting on July 19 to consider a proposal for issuing bonus shares. The bank will also announce its Q1FY26 results.

  • SBI launches a Qualified Institutional Placement (QIP) to raise Rs 25,000 crore (approx. $2.9 billion), potentially making it India’s largest-ever QIP, surpassing Coal India’s 2015 record of Rs 22,560 crore. LIC is reportedly a key participant and may bid over Rs 5,000 crore. The QIP is priced at Rs 790–800 per share, reflecting a 2–3% discount to the market price.

  • HDB Financial Services’ Q1FY26 revenue rises 14.9% YoY to Rs 4,465.4 crore, driven by higher loan disbursements and yields. Net profit falls 2.4% YoY to Rs 567.7 crore due to a rise in loan losses and provisions. The company appears in a screener of stocks with zero promoter pledge.

  • Biocon is rising as it receives approval from the US FDA for its Kirsty drug to treat type 1 and type 2 diabetes. According to IQVIA, the drug had annual sales of $1.9 billion in 2024.

  • Zydus Lifesciences receives final approval from the US FDA for its Celecoxib Capsules, used to treat pain or inflammation caused by many conditions such as arthritis, ankylosing spondylitis, and menstrual pain. According to IQVIA, the drug had a market size of $122.6 million as of May 2025.

  • HDFC Life Insurance's Q1FY26 net profit grows 14.5% YoY to Rs 548.4 crore, driven by a 15.6% YoY growth in net premium income. Revenue increases 9.4% YoY to Rs 29,463.2 crore during the quarter. The company appears in a screener of stocks with book value per share improving over the last two years.

  • Nifty 50 was trading at 25,159.75 (-36.1, -0.1%), BSE Sensex was trading at 82,534.66 (-36.3, 0.0%) while the broader Nifty 500 was trading at 23,447.10 (-2.1, 0.0%).

  • Market breadth is highly positive. Of the 2,022 stocks traded today, 1,463 were on the uptick, and 500 were down.

Riding High:

Largecap and midcap gainers today include Patanjali Foods Ltd. (1,859.60, 6.6%), Thermax Ltd. (3,645.80, 4.8%) and Hindustan Petroleum Corporation Ltd. (446.10, 2.9%).

Downers:

Largecap and midcap losers today include Page Industries Ltd. (47,145, -3.8%), ICICI Prudential Life Insurance Company Ltd. (650.60, -2.8%) and PB Fintech Ltd. (1,812.50, -2.6%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Network18 Media & Investments Ltd. (63.14, 13.3%), Patanjali Foods Ltd. (1,859.60, 6.6%) and Cera Sanitaryware Ltd. (6,925.50, 6.4%).

Top high volume losers on BSE were Just Dial Ltd. (894.95, -4.9%), ICICI Lombard General Insurance Company Ltd. (1,970.80, -1.6%) and Chalet Hotels Ltd. (890, -1.0%).

Thermax Ltd. (3,645.80, 4.8%) was trading at 15.0 times of weekly average. Bikaji Foods International Ltd. (749.05, 3.4%) and Godrej Industries Ltd. (1,145, 2.1%) were trading with volumes 11.6 and 8.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

12 stocks overperformed with 52 week highs,

Stocks touching their year highs included - Biocon Ltd. (394.65, 1.1%), EID Parry (India) Ltd. (1,151, -0.8%) and Marico Ltd. (731.65, -1.2%).

25 stocks climbed above their 200 day SMA including Network18 Media & Investments Ltd. (63.14, 13.3%) and Patanjali Foods Ltd. (1,859.60, 6.6%). 7 stocks slipped below their 200 SMA including Akzo Nobel India Ltd. (3,505.80, -2.7%) and Tata Elxsi Ltd. (6,311, -1.1%).

 
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The Baseline
15 Jul 2025
Five stocks to buy from analysts this week - July 15, 2025
By Omkar Chitnis

1. Ujjivan Small Finance Bank:

BoB Capital Markets initiates coverage on this bank with a ‘Buy’ and a target price of Rs 59, an 18.8% upside. The bank is focusing on de-risking its balance sheet with a shift towards secured lending. This is reflected in the rising share of secured loan disbursements, to 40% in FY25 from 24% in FY24. 

Within the unsecured portfolio, the bank has moved towards higher-yielding individual loans (IL), over the past year. Analysts Niraj Jain and Vijaya Rao expect the bank’s advances to grow at a 19% CAGR over FY26–FY27, driven mainly by growth in the secured and IL segments.

Ujjivan’s asset quality remains better than its peers, with a gross NPA ratio of 2.2% as of March 2025, down 50 bps from the previous quarter. While slippages rose sharply during the year, most of them came from the microfinance (MFI) portfolio. This suggests that the asset quality of the secured, non-MFI portfolio has stayed largely healthy.

Jain and Rao expect credit costs to improve as stress in the MFI portfolio appears to have peaked. However, they believe credit costs may remain high in H1FY26, with a gradual normalisation expected in the second half. They expect this moderation in credit costs, once it happens, to be a key driver for improvement in the bank’s return metrics.

2. Gabriel India:

Anand Rathi initiates coverage on this auto parts company with a ‘Buy’ rating and target price of Rs 1,400, a 28% upside. Analysts Mumuksh Mandlesha and Shagun Beria expect Gabriel’s restructuring plans to merge its private automotive companies into Gabriel, increasing its revenue to Rs 8,100 crore from Rs 4,089 crore in FY26.

In FY25, its revenue grew by 8.9% to Rs 3,643.3 crore, supported by higher sales in two-wheelers and utility vehicles (UV). Analysts note that the company holds a dominant 70% share in EV automobile suspensions and expect strong growth from its rising passenger vehicle market share. They estimate revenue and net profit to grow by 22% and 53%, respectively, over FY26–27.

Analysts note that Gabriel has partnered with Inalfa Roof Systems, a supplier of automotive roof systems, to manufacture sunroofs, and expect this partnership to contribute revenue of Rs 10,000 crore by FY29. MD Atul Jagginotes, “The sunroof business is experiencing strong demand, supported by the higher sales of UVs and new vehicle launches. We plan to double sunroof production capacity in the second half of FY26 and expand the product portfolio.”

3. KEC International:

Axis Direct maintains a ‘Buy’ rating on this heavy electrical equipment firm with a target price of Rs 950, an 8.1% upside. The company has an order book worth over Rs 44,639 crore, with 61% from power transmission and distribution (T&D) and the remaining from other segments. Management expects total order inflows of Rs 30,000 crore during FY26, providing revenue visibility for the next 6 to 8 quarters. The company has guided for 15% revenue growth in FY26.

KEC International’s EBITDA margin stood at 6.9% in FY25 and is expected to improve going forward, supported by the execution of international T&D projects and other high-margin assignments. Management has guided for margins in the range of 8% to 8.5% in FY26. Analysts Uttam Srimal and Shikha Doshi project margins to further rise to 9% by FY27.

The stock has declined by 7.5% over the past six months as it has missed revenue estimates for the last two quarters, raising concerns over execution despite a strong order book. However, analysts are positive on KEC International, noting that the government is steadily increasing spending on infrastructure. They project a 55% net profit CAGR over FY26–FY27.

4. Larsen & Toubro (L&T):

Ventura initiates a ‘Buy’ rating on this construction company with a target price of Rs 4,448, a 27.3% upside. In FY25, revenue increased by 15.3% and profit rose by 15.1%, helped by higher order inflows and strong project execution.

Analysts note that rising government spending on rural and urban development, along with private spending on capacity expansion, is driving strong order inflows for L&T and supporting its expansion in the Middle East and North Africa (MENA) region. L&T’s order book nearly doubled from FY19 to Rs 5.8 lakh crore in FY25, supported by hydrocarbons, green energy, and power projects. Analysts project the order book to grow to Rs 8.9 lakh crore by FY28.

For FY26, management aims to achieve an order pipeline of Rs 19 lakh crore—a 57% growth over FY25—supported by new opportunities in the Middle East, where L&T has seen a steady stream of orders, and the South Asian Association for Regional Cooperation (SAARC) regions. Analysts expect L&T’s revenue and net profit to grow by 13.5% and 20.4%, over FY26–28.

R. Shankar Raman, CFO, notes, “Qatar, Saudi Arabia, the United Arab Emirates, and Kuwait are key international markets for L&T in terms of order inflow. In FY25, we secured 25% of international orders from the Saudi Arabian market, driven by higher capital expenditures from the governments of Saudi Arabia and the United Arab Emirates.” He also mentions that for FY26, they aim to achieve 60% of international revenue, up from 50%.

5. SRF:

Motilal Oswal reiterates a ‘Buy’ rating on this specialty chemical company with a target price of Rs 3,700, a 14.7% upside. Analysts Sumant Kumar and Meet Jain note that the company plans to incur capital expenditure (capex) of Rs 2,200–2,300 crore to expand its chemical production capacity, launch three new fluoropolymers, and increase packaging film capacity at its Indore facility.

Management expects strong performance in FY26, helped by a healthy order book in specialty chemicals, rising exports, and higher polytetrafluoroethylene (PTFE) sales in the fluorochemicals segment. The speciality chemicals business delivered an 18% CAGR in revenue over the past decade, and management projects 20% growth in FY26, driven by the ramp-up of newly commissioned facilities.

Analysts expect SRF's packaging business to benefit from the temporary closure of Jindal Poly’s manufacturing facility in Nashik following a fire outbreak, as well as the increased supply gap in the industry and the ramp-up of its aluminium foil capacity. They estimate SRF’s revenue and net profit to grow by 12% 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
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.