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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