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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Riding High:

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

Downers:

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

Volume Shockers

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

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

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

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

BSE 500: highs, lows and moving averages

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Riding High:

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

Downers:

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

Volume Rockets

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

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

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

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

BSE 500: highs, lows and moving averages

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

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

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

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

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

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

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

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

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

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

So which stocks are analysts bullish on this Q1?

In this week’s Analytics,

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

Five potential winners from analysts

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

Five stocks across industries have strong revenue and profit forecasts

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

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

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

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

Stocks in focus have good Durability scores with strong fundamentals

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

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

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

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

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

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

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

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

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

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

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

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

Lupin banks on complex generics and specialty drugs to fuel growth

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Screener: Stocks with strong bullish forecasts and high upside potential

Banks have the highest bullish forecasts and high target upside

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

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

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

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

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

You can find some popular screeners here.


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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Riding High:

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

Downers:

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

Crowd Puller Stocks

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

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

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

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

BSE 500: highs, lows and moving averages

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

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

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

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

 
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The Baseline
09 Jul 2025
By Omkar Chitnis

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

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

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

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

Bajaj Group stocks outperform the index on strong AUM growth

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

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

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

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

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

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

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

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

Murugappa Group stocks gain from strong fertiliser demand

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

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

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

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

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

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

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

Mahindra Group stocks rise on expansion plans

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

1. Abbott India:

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

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

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

2. Affle (India):

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

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

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

3. HDB Financial Services:

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

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

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

4. Chalet Hotels:

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

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

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

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

5. ACME Solar Holdings:

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

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

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

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

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

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

(You can find all analyst picks here)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Riding High:

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

Downers:

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

Volume Shockers

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

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

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

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

BSE 500: highs, lows and moving averages

8 stocks overperformed with 52 week highs,

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

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

 
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Trendlyne Marketwatch
07 Jul 2025
Market closes flat, Sharda Motor's board approves 1:1 bonus share allotment
By Trendlyne Analysis

Nifty 50 closed at 25,461.30 (0.3, 0%), BSE Sensex closed at 83,442.50 (9.6, 0.0%) while the broader Nifty 500 closed at 23,551.20 (-11.3, -0.1%). Market breadth is in the red. Of the 2,498 stocks traded today, 937 showed gains, and 1,509 showed losses.

Indian indices closed flat amid anticipation of a potential India-US trade deal and renewed tariff threats by Donald Trump targeting BRICS nations. The Indian volatility index, Nifty VIX, rose 1.9% and closed at 12.6 points. Dreamfolks Services declined 6.1% after Adani Airports CEO, Arun Bansal announced direct access to Adani airport lounges via a digital platform, eliminating the need for intermediaries.

Nifty Midcap 100 & Nifty Smallcap 100 closed flat, following the benchmark index. Nifty Alpha Quality Value Low-Volatility 30 and Nifty FMCG were among the top index gainers today. According to Trendlyne’s Sector dashboard, FMCG emerged as the best-performing sector of the day, with a rise of 2.2%.

Asian indices closed lower, while European indices are trading mixed. US index futures traded in the red indicating a cautious start to the trading session. Oil prices declined after OPEC and its allies announced on July 5 a production increase of 548,000 bpd for August, surpassing the 411,000 bpd hikes implemented in May, June, and July. Meanwhile, BRICS leaders, meeting in Rio de Janeiro, sharply criticized US President Trump’s trade tariffs, labeling them illegal and a danger to the global economy.

  • Info Edge (India) sees a short buildup in its July 31 futures series, with open interest increasing by 8.8% and a put-call ratio of 0.8.

  • Sharda Motor Industries surges as its board approves the allotment of 2.9 crore bonus equity shares of the face value of Rs 2 each in the ratio 1:1.

  • Dreamfolks Services falls sharply after Adani Airports CEO Arun Bansal announces that flyers can directly access airport lounges via a digital platform, eliminating the need for intermediaries. The move may impact Dreamfolks’ core business model.

  • Prestige Estates Projects is rising as its wholly-owned subsidiary acquires the remaining 49% stake in Prestige Notting Hill Investments for Rs 300 crore.

  • A key inter-ministerial group (IMG) of the government is reportedly set to meet today to discuss the Share Purchase Agreement (SPA) for IDBI Bank. The meeting is expected to focus on finalizing the draft SPA and resolving other pending matters related to the bank's strategic disinvestment.

  • DCX Systems rises as it secures a 15-year industrial license to manufacture advanced radar, electronic warfare systems, avionics, and other category-A defence electronics. The license permits the production and testing of highly sensitive equipment under the Ministry of Commerce & Industry.

  • Keystone Realtors is rising as its pre-sales grow 75% YoY to Rs 1,068 crore in Q1FY26. Its collections increase 19% YoY to Rs 575 crore during the quarter, helped by the launch of three projects with a gross development value (GDV) of Rs 4,000 crore.

  • Hindustan Unilever rises sharply as UBS maintains a 'Buy' rating with a target price of Rs 2,800. This indicates a potential upside of 16%. The brokerage expects a recovery in H2FY26 if the company addresses gaps in parts of its portfolio and sees earnings momentum continuing into FY27.

  • Brent crude declines for the third consecutive day, dropping below $68 per barrel, after OPEC+ agreed to raise August output by 548,000 bpd, fueling oversupply concerns. Goldman Sachs now expects an additional 0.55 million bpd increase in September.

  • Shipping Corporation of India surges as it signs an agreement to acquire two second-hand Very Large Gas Carriers (VLGCs) with a cargo capacity of approximately 82,000 cubic metres (CBM). The deal is reportedly valued at $127 million (around Rs 1,091 crore). The vessels are expected to join the company’s fleet in the current quarter of FY26.

  • Puravankara surges as it secures redevelopment rights for eight residential societies in Chembur, Mumbai. The project offers a total development potential of over 1.2 million square feet across 4 acres, with an estimated gross development value (GDV) of Rs 2,100 crore.

  • Nuvama Wealth Management rises as PE firms CVC Capital, Permira, and EQT are reportedly in advanced talks to acquire a controlling stake from PAG in a potential deal valued at $1.6 billion (Rs 13,735 crore).

  • DK Sunil, CMD of Hindustan Aeronautics, projects an order inflow of Rs 1 lakh crore and an order book of Rs 2.5 lakh crore by FY26. He expects double-digit revenue growth with sustained margins going forward. Sunil notes that the Sukhoi-30 aircraft upgrade will take around five years to complete and highlights the company’s major push into drone development. He also confirms that the government has no plans to offload its stake in the company.

  • Senco Gold rises to its 5% upper limit as its total revenue grows 28% YoY in Q1FY26, with retail revenue up 24% YoY, driven by festive demand. The company opens nine new showrooms during the quarter, taking the total store count to 179.

  • IndusInd Bank's net advances decline 3.9% YoY to Rs 3.5 lakh crore in Q1FY26, and deposits fall marginally by 0.3% YoY to Rs 4 lakh crore. The bank's CASA ratio contracts by 518 bps YoY to 31.5%, indicating a higher cost of funds and lower margins.

  • Titagarh Rail Systems is rising as its board of directors schedules a meeting on July 9 to consider raising funds by issuing equity shares or other securities.

  • According to data from the Federation of Automobile Dealers Associations (FADA), retail sales of passenger vehicles (PVs) rise 2.5% YoY in June to 2.9 lakh units. Commercial vehicle retail sales increase 6.6% YoY to 73,367 units. The association notes that dealers express cautious optimism, driven by upcoming product launches, despite concerns over low customer inquiries and heavy rainfall.

  • 360 One Wam is rising as it receives approval from the National Stock Exchange (NSE) to acquire Credit Suisse Securities (India)'s stock broking and distribution business through its arm, 360 ONE Distribution Services.

  • Borosil Renewables' German subsidiary, GMB Glasmanufaktur Brandenburg GmbH, files for bankruptcy in a German insolvency court to wind up operations. Poor European Union (EU) market conditions, combined with cheap Chinese imports, contributed to a slump in demand for German solar panels.

  • Mahindra Lifespace launches a residential project in Pune, Mahindra Citadel, with an overall gross development value (GDV) of nearly Rs 2,500 crore.

  • Copper and other industrial metals extend losses after US President Donald Trump added fresh uncertainty to his trade agenda by pledging a 10% tariff on any country aligned with the BRICS bloc. Copper dropped 0.5% to $9,817 a ton, while aluminium also fell 0.5%, with all major metals declining on the London Metal Exchange.

  • CG Power & Industrial Solutions rises as its board of directors allocates 4.5 crore shares worth Rs 3,000 crore through a qualified institutional placement (QIP) at an issue price of Rs 660 per share.

  • Tourism Finance Corporation of India surges to its all-time high of Rs 275 as its board of directors schedules a meeting on July 10 to consider a stock split.

  • Rail Vikas Nigam is rising as it receives an order worth Rs 143.4 crore from Southern Railway. The order is for upgrading the electric traction system between Salem, Podanur, Irugur, and Coimbatore stations.

  • Tata Steel receives a Rs 1,902.7 crore demand order from the Office of Deputy Director of Mines, Jajpur, for a shortfall in supply of minerals from the Sukinda Chromite Block for the fourth consecutive year.

  • Nifty 50 was trading at 25,447.35 (-13.7, -0.1%), BSE Sensex was trading at 83,398.08 (-34.8, 0.0%) while the broader Nifty 500 was trading at 23,544.15 (-18.3, -0.1%).

  • Market breadth is in the red. Of the 2,064 stocks traded today, 845 were gainers and 1,137 were losers.

Riding High:

Largecap and midcap gainers today include Godrej Consumer Products Ltd. (1,268.40, 6.3%), Dabur India Ltd. (512.75, 3.6%) and Hindustan Unilever Ltd. (2,410.40, 3.0%).

Downers:

Largecap and midcap losers today include Indus Towers Ltd. (408.40, -3.9%), Info Edge (India) Ltd. (1,431.10, -3.7%) and Jubilant Foodworks Ltd. (684.10, -3.7%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Relaxo Footwears Ltd. (506.35, 9.0%), Godrej Consumer Products Ltd. (1,268.40, 6.3%) and Ratnamani Metals & Tubes Ltd. (3,006.70, 5.0%).

Top high volume losers on BSE were Jubilant Foodworks Ltd. (684.10, -3.7%) and Sanofi India Ltd. (6,001, -1.3%).

Jyothy Labs Ltd. (352.40, 3.0%) was trading at 13.8 times of weekly average. Metropolis Healthcare Ltd. (1,859.40, 4.9%) and BLS International Services Ltd. (377.35, 3.8%) were trading with volumes 12.6 and 7.1 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

7 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - Apollo Hospitals Enterprise Ltd. (7,616, 0.8%), Fortis Healthcare Ltd. (806.90, 0.0%) and Glenmark Pharmaceuticals Ltd. (1,860.10, 1.6%).

11 stocks climbed above their 200 day SMA including Godrej Consumer Products Ltd. (1,268.40, 6.3%) and Akzo Nobel India Ltd. (3,609, 4.9%). 8 stocks slipped below their 200 SMA including Computer Age Management Services Ltd. (4,142, -2.1%) and Premier Energies Ltd. (1,042, -1.5%).

 
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The Baseline US
07 Jul 2025
Oil cools as Trump turns up the heat

We know by now that Trump is the kind of guy who likes to pick fights. It's one of the few certainties in an otherwise unpredictable administration: at some point Trump will do an all-caps social media post, making threats at allies, enemies and former allies alike.

Sometimes, his threats have helped. Crude prices surged more than 15% in early June as Iran and Israel exchanged missles, and then cooled quickly after Trump brokered a truce. Brent crude, which briefly jumped past $78 per barrel, has now retreated to the $67–$68 range, while WTI crude sits just above $65.

But Trump isn’t taking any chances. Doubling down on trying to get prices down, he posted on Truth Social: “DRILL, BABY, DRILL!!! And I mean now!!!” Energy Secretary Chris Wright responded, “We’re on it!”

In a separate post, he also warned oil producers: “KEEP OIL PRICES DOWN. I’M WATCHING!” 

For Trump, crude oil prices are a proxy for economic health. But crude is moody: it is susceptible to regional flare-ups, supply chokepoints and shifting global demand, all of which keeps the oil market on edge. While the clean energy transition is speeding up, oil remains critical, powering nearly a third of global energy use.

Trump dislikes anything that drives energy prices up - he really wants cheap oil.

Trump wants oil prices to go below $50

In the best-case scenario for consumers, oil prices could fall below $50 a barrel. Trump has long favored a $40–$50 price range, a zone he often praises for keeping inflation down and gas prices low.

That looks like a pipe dream, however. US oil executives and analysts say that $50 oil would hurt US producers, especially shale operators, whose costs have risen over the years. Executives in a recent Dallas Fed Energy Survey said their companies need an average price of $65 per barrel to drill a new well profitably.

An Axios report revealed that many US producers are not expanding drilling aggressively unless prices stay well above breakeven. Some companies have already begun cutting capital expenditure for 2025 and 2026 at the current price level. 

“You can’t have $50 oil and ‘Drill, Baby, Drill.’ Those two things are incompatible,” said Andy Hendricks, CEO of Patterson-UTI Energy.

Currently, the US leads the world in oil production, accounting for 22.5% of global output.

The US accounts for over a fifth of global crude production

The OPEC+ alliance however, the world's most famous cartel (which includes Middle Eastern producers and non-OPEC members like Russia), produces around 40% of global crude and controls over 70% of proven oil reserves. This lets the bloc essentially control oil prices by coordinating their combined output.

Oil has been trading in the Goldilocks zone - but it's a fragile balance

The balance between supply and demand right now for crude, is pretty delicate. ING’s commodities team warns that any supply shock in the Middle East or disruption in key shipping lanes like the Strait of Hormuz or the Red Sea could quickly add a $10–$20 premium to crude.

On the flip side, weaker Chinese demand or a fresh wave of OPEC+ output could limit any upside.

The Strait of Hormuz, a narrow corridor between Iran and Oman, handles about 20% of global oil and one-third of seaborne flows. Any military escalation here could drive Brent crude past $100, possibly hitting $130, according to JP Morgan. The likelihood of this happening is low in the immediate future, with the Iran-Israel ceasefire.

Chokepoints pose a major threat to global oil prices

Renewable energy gains momentum, but faces new roadblocks

Even as clean energy investments have hit record highs, fossil fuels continue to dominate the global energy mix. As of 2024, they account for around 60% of all energy production, with oil alone providing nearly 30%, according to the Energy Institute. These fuels remain deeply embedded in everything from transportation and manufacturing to heating and power generation.

That said, renewables are quickly gaining ground. Thanks to record investments and strong government support, electricity production from wind and solar has been on a steady rise over the past decade. Together, they now generate nearly 15% of the world’s electricity.

In contrast, traditional sources such as coal, gas, hydro, nuclear, and oil have either plateaued or declined in their share.

Electricity production from solar and wind gains momentum

GlobalData and Deloitte predict that renewables could supply up to 40% of the global energy mix by 2030. But the International Energy Agency remains cautious, projecting a more conservative 20% share by that time.

Analysts highlight that moving from under 20% today to over 40% of global energy supply in just five years would require not only trillions in investment but also massive upgrades to power grids, battery storage, EV infrastructure and industrial systems worldwide.

The “One Big, Beautiful Bill” that recently passed and Trump signed however, have shifted energy policy away from renewables. Trump hates windmills and doesn't like solar, and the new law adds generous tax credits for coal producers, effectively subsidizing the fossil fuel sector. It has also phased out generous tax breaks for wind and solar that are not completed before 2027.

 
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The Baseline
04 Jul 2025
Five Interesting Stocks Today - July 04, 2025
By Trendlyne Analysis

1. Motilal Oswal Financial Services:

This financial services firm rose over 8% on Thursday after its asset management subsidiary reported that its Assets Under Management (AUM) had surpassed Rs 1.5 lakh crore. This marks a sharp increase from a quarter ago, when it was just above Rs 1.2 lakh crore. Over the past five years, its AUM has increased at a CAGR of 34%.

For FY25, the company reported an 18.5% increase in revenue, beating Forecaster estimates slightly by 0.7%. Net profit was flat for the year, mainly due to a Rs 743 crore loss in the treasury segment during Q4, which caused a 15% miss in profit estimates.

Wealth and asset management now contributes over 80% of group revenue, and the remainder comes from the broking and housing finance businesses. Housing finance grew by 13% in FY25, while other verticals saw 30%+ growth. Private Wealth Management remains the most profitable division, contributing more than 40% to operating income.

Group Managing Director, Navin Agarwal, said, “We believe the Private Wealth Management business will contribute a larger share of profitability for the group in the coming years due to higher growth as we continue to penetrate more customers with differentiated products and services.”

Agarwal added, “We believe that the Motilal Oswal Group is very well placed to benefit from the financialization theme, which is a long-term mega trend.” He expects this trend to play out over several decades, especially in India, given the low penetration of investment products and services.

Emkay Global maintains its ‘Buy’ rating on the stock with a lower target price of Rs 850, due to the treasury impact. Despite this, the brokerage expects revenue to grow at a CAGR of 10% and operating profit at a CAGR of 12% over FY26–28, citing the company’s historical resilience in volatile market conditions.

2. Torrent Pharmaceuticals:

This pharma company has risen by 4.5% over the past week after it signed an agreement to buy a controlling stake in JB Chemicals & Pharmaceuticals (JBCP) at a valuation of Rs 25,600 crore. The acquisition will be followed by a merger of the two entities. Torrent Pharma will acquire a 46.4% stake from US-based private equity firm KKR for Rs 11,900 crore, and will later launch a mandatory open offer to acquire up to 26% from public shareholders.

JBCP has reported sales and net profit CAGR of 17% and 19%, respectively over FY22–25, reaching Rs 3,900 crore in revenue and Rs 660 crore in profit. While cardiology is the leading therapy area for both JBCP and Torrent, their focus products differ, which could support complementary growth post-acquisition. Torrent’s market share in cardiology after the acquisition is projected to increase by 410 bps to 11.3%. However, analysts expect the contribution of the India business to Torrent’s overall revenue to rise by only 50 bps, to around 57%. In the international market, there is no overlap for the companies in the US business. In Russia, JB’s brands have been growing at a relatively faster pace, and it also has an established presence in South Africa.

Torrent will get access to JBCP’s international contract development and manufacturing organization (CDMO) business, a segment where it currently has no presence. JBCP leads globally in the lozenges CDMO segment—an oral treatment used to treat throat irritation, which has been a key driver of its international operations.

As of FY25, Torrent has an EBITDA margin of 32%, while JB Pharma’s stands at 26%. Commenting on the potential improvement, Aman Mehta, Whole-time Director, said, “The immediate 1–2 years could see gains in the cost side, through procurement savings, operational efficiencies, and elimination of overlaps. Revenue-side benefits like cross-selling and portfolio expansion should be visible in the following years.” He added that margins should improve over the 3–5 year period, with near-term gains largely driven by cost synergies.

ICICI Securities has a ‘Hold’ rating on Torrent with a target price of Rs 3,500. The brokerage highlights that JB Pharma’s ophthalmology (eye-care) brand could support overall margin expansion post-acquisition. Additionally, the deal may give Torrent an entry into contract manufacturing of lozenges and help strengthen its presence in the US, Russia, and South Africa.

3. Amber Enterprises India:

This consumer electronics company rose by 8.3% over the past week as its subsidiary, IL JIN Electronics entered into a definitive agreement to take a majority stake in Power-One Micro Systems, a battery storage and solar inverter manufacturer. The company’s Executive Chairman & CEO, Jasbir Singh, said, “This transaction will provide a foothold for Amber’s Electronic Division into the rapidly growing sector for batteries, EV chargers, UPS and the solar inverter market.

The company also laid out plans to invest Rs 6,000 crore in an electronics manufacturing plant near Noida International Airport at Jewar. The facility will produce printed circuit boards (PCBs), home appliances, and consumer electronics. Yamuna Expressway Industrial Development Authority (YEIDA) has already issued a Letter of Intent to the firm for 100 acres of land in Noida, near the Yamuna Expressway.

The company posted a 48.1% increase in revenue for FY25, while its net profit surged by 83.3% due to robust growth in consumer durables & electronics segment. It surpassed the Forecaster operating revenue estimate by 4.4%, but missed the net profit estimate by 6.2% as its railway sub-systems & mobility division saw a decline in revenues as the focus remained on non-AC coaches and due to delay in railway projects across regions. The company appears in a screener of stocks with strong momentum.

Mr. Singh, speaking on future guidance, said, “We expect the electronics business to grow by 30% in FY26, with segment PBT margins improving by 300 basis points to 9-10%.” The firm plans to invest Rs 3,000 crore in the electronics segment over the next five years. Of this, 65% of the capex is expected to be recovered through the PLI scheme and government subsidies, while the company will bear the remaining 35%.

Sharekhan has retained a ‘Buy’ rating on Amber Enterprises with a target price of Rs 8,142. The brokerage sees it well positioned to benefit from growing demand in the components ecosystem. It highlights long term growth drivers for the room air conditioner (RAC) industry, including low penetration, rising temperatures, changing lifestyles, and increasing demand from Tier II to Tier IV cities, all of which are expected to boost AC component demand and support Amber’s growth.

4. Apollo Hospitals Enterprise:

Thishospital company rose 3.5% on July 1 after announcing thedemerger of its non-hospital businesses into a new company, Apollo Healthtech, which isexpected to list on stock exchanges within 18 to 21 months.

Thedemerger consolidates Apollo’s existing pharmacy distribution business (offline and online), Keimed (third-party distribution), and telehealth into a single entity. Post-demerger, Apollo Hospitals will operate two separately listed businesses: one focused on healthcare services (hospitals, diagnostics, and primary/specialty care), and the other on omnichannel pharmacy and digital health through Apollo Healthtech.

In FY25, the businesses proposed for demergergenerated revenue of Rs 16,300 crore andaim to reach Rs 25,000 crore by March 2027, with a 7% EBITDA margin. Growth is expected to come from an expanded digital health offering and wider pharmacy reach.

Commenting on Apollo Healthtech's outlook, Madhivanan Balakrishnan, CEO of Apollo Health Co,said, “We are looking at a revenue growth of around 22–23% on a YoY basis. We remain committed to achieving a break-even on the digital Apollo 24/7 platform by the end of this financial year.” Sanjeev Gupta, CFO of Apollo Healthadded that Apollo 24/7 posted a loss of Rs 80 crore in the last quarter, which is expected to reduce to zero over the next four quarters. The loss wasdue to the high operating costs associated with scaling its digital healthcare platform.

Analystsbelieve that the listing of Apollo Healthtech will simplify Apollo’s overall structure and help investors see the value of each business separately. Meanwhile, Apollo Hospitals will focus on core hospital operations as theyplan to invest over Rs 8,000 crore in the next five years to add more than 4,300 beds across India. 

Apollo Healthtech willpay a royalty to Apollo Hospitals for the ‘Apollo’ brand name. This royalty is likely to be approximately Rs 10 crore annually, with an increase over time.

Following the announcement, Motilal Oswalreiterated its ‘Buy’ rating with an upgraded target price of Rs 8,720, citing the strategic demerger as a key catalyst. The move unlocks value, enables focused growth, and positions Apollo Healthtech as a leading digital health and pharmacy platform.

5. Gabriel India:

This auto parts & equipment manufacturer rose 44.2% over the past week and touched a 52-week high of Rs 1,011.4 on July 2, after its boardannounced a restructuring plan. Gabriel's parent company, the ANAND Group, plans to combine and restructure its businesses to achieve revenues of Rs 50,000 crore by 2030.

Gabriel India manufactures suspension parts for two-wheelers, passenger cars, commercial vehicles, and railways. Its parent company, ANAND Group, owns two other automobile-related businesses, Anchemco and Asia Investment. 

Anchemco manufactures vehicle brake fluids, coolants, and diesel exhaust fluids. Asia Investments, along with its joint ventures (JVs), manufactures driveshafts, sealants and sunroofs.

The merger plans involve the restructuring of these two businesses under one roof. Anchemco will merge with Asia Investments. Post merger, the entire automotive business of Asia Investments, including Anchemco and its joint ventures, will be separated and merged into Gabriel.

Alongside this merger, Gabriel is diversifying beyond suspension products into new areas, such as solar dampers for the renewable energy sector. Atul Jaggi, Managing Director,said, “We aim to scale new products like solar dampers to Rs 200-300 crore in revenue over the next 2-3 years. We plan to double sunroof production capacity in the second half of FY26 and intend to expand the product portfolio.”

The company’s net profit rose 14.4% to Rs 211.9 crore inFY25. Revenue grew 8.9% to Rs 3,643.3 crore, driven by higher sales in the two-wheeler segment and the utility vehicles (UVs) segment. Anchemco and its joint ventures generated annual revenue of Rs 4,000 crore in FY26. Post merger, Gabriel's revenue is expected to increase to Rs 8,000 crore.

Elara Securitiesmaintains its 'Buy' rating with a higher target price of Rs 1,115 per share, citing that the company’s transition from a single-product to a multi-product business is expected to improve margins. The brokerage believes that after the merger, the company will expand into multiple products, segments, and geographies. It projects EPS to grow at a 45% CAGR from FY25-27.

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