Market closes flat, Zee Entertainment's net profit misses Forecaster estimates by 30% in Q1
By Trendlyne Analysis

 

Nifty 50 closed at 25,060.90 (-29.8, -0.1%), BSE Sensex closed at 82,186.81 (-13.5, 0.0%) while the broader Nifty 500 closed at 23,320.90 (-57.6, -0.3%). Market breadth is in the red. Of the 2,486 stocks traded today, 988 showed gains, and 1,450 showed losses.

Indian indices closed flat after switching between losses and gains throughout the day. The Indian volatility index, Nifty VIX, fell 4% and closed at 10.8 points. Eternal (Zomato) closed 10.3% higher after its Q1FY26 revenue beat Forecaster estimates by 6.6%. This growth was led by Blinkit, which reported a 127% surge in net order value. 

Nifty Smallcap 100 and Nifty Midcap 100 closed lower. Nifty Media and Nifty PSU Bank were among the top index losers today. According to Trendlyne’s sector dashboard, Media emerged as the worst-performing sector of the day, with a fall of 1.7%.

Asian indices closed mixed. European indices are trading lower, except for Portugal’s PSI, which is trading higher. US index futures are trading flat or lower as investors await earnings from companies like General Motors, Philip Morris, Raytheon Tech and Coca Cola. Focus also remains on US Federal Reserve Chair Jerome Powell’s speech scheduled today, amid renewed political pressure and speculation around his future. Brent crude futures are trading lower after falling 0.2% on Monday.

  • Relative strength index (RSI) indicates that stocks like Laurus Labs, Syrma SGS Technology, Patanjali Foods, and Anand Rathi Wealth are in the overbought zone.

  • Mahanagar Gas' Q1FY26 net profit grows 10.1% YoY to Rs 317.9 crore. Revenue jumps 24.3% YoY to Rs 2,115.2 crore, driven by improvements in the compressed natural gas (CNG) and piped natural gas (PNG) segments. It features in a screener of stocks with high FII holdings.

  • Zee Entertainment is falling as its Q1FY26 net profit misses Forecaster estimates by 30.1% despite growing 21.7% YoY to Rs 143.7 crore. However, revenue decreases 14.3% YoY to Rs 1,824.8 crore due to lower sales from the advertisement segment during the quarter. The company appears in a screener of stocks with improving ROE over the past two years.

  • Kajaria Ceramics is falling as its Q1FY26 revenue misses Forecaster estimates by 3.4% despite growing 0.9% YoY to Rs 1,116 crore. Net profit jumps 19.5% YoY to Rs 110.3 crore during the quarter. It appears in a screener of stocks with growing costs YoY for long-term projects.

  • Milky Mist Dairy Food, a dairy company based in Erode, Tamil Nadu, files its Draft Red Herring Prospectus (DRHP) with SEBI to raise Rs 2,035 crore through an Initial Public Offering (IPO), marking the largest IPO in India’s dairy sector to date. The offering includes a fresh issue of shares worth up to Rs 1,785 crore and an offer for sale (OFS) of up to Rs 250 crore.

  • SML Isuzu surges to its all-time high of Rs 3,685.1 as its net profit rises 44.4% YoY to Rs 67 crore in Q1FY26. Revenue grows 13.4% YoY to Rs 845.9 crore, driven by increase in sales of cargo vehicles during the quarter. The company appears in a screener of stocks with improving RoCE over the past two years.

  • Blue Jet Healthcare plunges as its Q1FY26 net profit misses Forecaster estimates by 10.7% despite surging 141.3% YoY to Rs 91.2 crore. Revenue jumps 111.5% YoY to Rs 363 crore during the quarter. It appears in a screener of high volume and top losing stocks.

  • Colgate-Palmolive (India) falls as its Q1FY26 net profit declines 11.9% YoY to Rs 320.6 crore, caused by higher inventory, employee benefits and finance costs. Revenue decreases 4.5% YoY to Rs 1,452 crore due to subdued urban demand. It shows up in a screener of stocks with medium to low Trendlyne momentum scores.

  • India's Foreign Secretary, Vikram Misri, confirms that the India-UK Free Trade Agreement (FTA), finalized on May 6, 2025, is currently undergoing legal scrubbing—a detailed review to ensure legal accuracy and clarity. The process will take about three months, followed by up to a year for ratification by the UK Parliament and approval by India's Union Cabinet.

  • AGI Greenpac surges as its net profit rises 40.5% YoY to Rs 88.9 crore in Q1FY26. Revenue increases 21.4% YoY to Rs 687.7 crore, driven by higher sales from the packaging products segment during the quarter. The company appears in a screener of stocks where mutual funds have increased their shareholding in the past two months.

  • Godavari Biorefineries hits its 5% upper circuit after its biotech arm Sathgen Therapeutics receives a Chinese patent for a new anticancer compound. The drug shows positive lab results against several types of cancer cells.

  • Brigade Enterprises acquires a 20.2-acre land parcel in Whitefield, Bengaluru, for Rs 588.3 crore. The company plans a mixed-use development with an estimated development potential of 4.2 million square feet and a gross development value (GDV) of Rs 5,200 crore.

  • Motilal Oswal initiates a 'Buy' rating on Va Tech Wabag with a target price of Rs 1,900. The brokerage sees strong growth ahead for the company, supported by a solid order book, improving margins, healthy free cash flow, and strong return ratios. It notes the company remains selective in bidding for large global projects, focusing on margins and cash flow, with a win ratio of 25–30%.

  • Awfis Space Solutions falls as Ashish Kacholia sells a 1% stake during Q1FY26. He now holds a 1.6% stake in the company.

  • Titan is rising as it enters an agreement with UAE's Damas International to acquire a 67% stake in Damas Jewellery for AED 1,038 million (~ Rs 2,438.2 crore). The acquisition will help the company to expand its jewellery business in the UAE.

  • B L Kashyap & Sons rises as it secures a Rs 910 crore order from Business Park Town Planners (BPTP) to construct a residential building.

  • Tilaknagar Industries jumps over 7% amid reports that it is leading the race to acquire Pernod Ricard’s "Imperial Blue" brand, estimated to be worth around Rs 4,000 crore. The acquisition is expected to be financed through a mix of debt and equity. The company's board is set to meet on July 23 to discuss a potential fundraise.

  • Afcons Infrastructure is rising as it secures an order worth Rs 6,800 crore from HZ Infrastructure to rehabilitate and construct a railway line in the Republic of Croatia.

  • 360 One Wam falls as 1.9 crore shares (5% stake) worth approximately Rs 2,273 crore reportedly change hands in a block deal at an average price of Rs 1,160per share. Bain Capital and Canada Pension Plan Investment Board are likely the sellers in the transaction.

  • Eternal (Zomato) surges to its all-time high of Rs 311.3 as its Q1FY26 revenue beats Forecaster estimates by 6.6% after growing 69.3% YoY to Rs 7,521 crore. Improvements in the food ordering & delivery, hyperpure supplies (B2B business), and quick commerce segments drive revenue growth. However, net profit plunges 90.1% YoY to Rs 25 crore due to higher inventory, employee benefits, finance, advertisement, and delivery & related expenses. It appears in a screener of stocks with increasing revenue for the past eight quarters.

  • Ambarish Kenghe, Group CEO of Angel One, notes a partial recovery in volumes following the Jane Street episode. He states that adjusted EBITDA margins stood at 34% in Q1FY26 and could improve to 40% by the end of FY26. Employee costs in Q1 saw a 47% QoQ increase, as Q4FY25 expenses were lower due to a reversal of variable pay.

  • CIE Automotive India is rising as its Q1FY26 revenue beats Forecaster estimates by 4.7% after growing 2.9% YoY to Rs 2,391.1 crore, driven by higher demand in the domestic market. However, net profit declines 6.1% YoY to Rs 203.5 crore due to higher raw materials, employee benefits and depreciation & amortisation expenses. It features in a screener of stocks with improving net cash flow over the past two years.

  • Bajaj Finance is falling as its Managing Director (MD), Anup Kumar Saha, tenders his resignation due to personal reasons, effective July 21. The board appoints Vice Chairman Rajeev Jain as the new MD.

  • Oberoi Realty is falling as its net profit declines 27.9% YoY to Rs 421.3 crore in Q1FY26, led by higher land acquisition cost, development rights, and construction expenses. Revenue decreases 29.7% YoY to Rs 987.6 crore due to lower sales from the real estate segment during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Havells India's Q1FY26 net profit declines 14.8% YoY to Rs 347.7 crore due to higher employee benefits, finance, and depreciation & amortisation expenses. Revenue decreases 6.1% YoY to Rs 5,524.5 crore, caused by reductions in the lighting & fixtures, electrical consumer durables and Lloyd Consumer segments. It shows up in a screener of stocks where promoters are reducing their shareholdings.

  • Nifty 50 was trading at 25,131.75 (41.1, 0.2%), BSE Sensex was trading at 82,527.43 (327.1, 0.4%) while the broader Nifty 500 was trading at 23,429.15 (50.7, 0.2%).

  • Market breadth is highly positive. Of the 1,978 stocks traded today, 1,543 were on the uptick, and 397 were down.

Riding High:

Largecap and midcap gainers today include Eternal Ltd. (299.80, 10.3%), Swiggy Ltd. (417.15, 5.7%) and Hitachi Energy India Ltd. (20,115, 4.4%).

Downers:

Largecap and midcap losers today include Au Small Finance Bank Ltd. (725.80, -3.6%), Canara Bank (108.05, -3.6%) and Samvardhana Motherson International Ltd. (97.24, -3.5%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Eternal Ltd. (299.80, 10.3%), India Cements Ltd. (370.95, 8.0%) and RHI Magnesita India Ltd. (514.80, 6.7%).

Top high volume losers on BSE were 360 One Wam Ltd. (1,144.10, -6.3%), Aarti Industries Ltd. (422.95, -4.3%) and Supreme Industries Ltd. (4,088.10, -2.7%).

Birla Corporation Ltd. (1,465.60, 5.5%) was trading at 12.8 times of weekly average. Latent View Analytics Ltd. (445, 2.9%) and Swiggy Ltd. (417.15, 5.7%) were trading with volumes 10.1 and 7.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

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

Stocks touching their year highs included - EID Parry (India) Ltd. (1,167.60, 0.5%), Fortis Healthcare Ltd. (809.10, 0.9%) and ICICI Bank Ltd. (1,473.60, 0.5%).

Stock making new 52 weeks lows included - Tejas Networks Ltd. (625.80, -0.7%).

12 stocks climbed above their 200 day SMA including RHI Magnesita India Ltd. (514.80, 6.7%) and NLC India Ltd. (241.16, 4.8%). 12 stocks slipped below their 200 SMA including Trident Ltd. (30.37, -3.7%) and Supreme Industries Ltd. (4,088.10, -2.7%).

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