Market Highlights

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Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

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July 11, 2025

• Daily Morning Report – Date: 11th July 2025
• NIFTY OUTLOOK: 25,355.25 FII: Rs. 221.06 cr DII: Rs. 591.33 cr
• As discussed yesterday, market behaviour remained on expected lines. Nifty attempted to cross 25,520 at the open but failed and slipped towards our support of 25,345, making a low of 25,340 and closing near support at 25,355.
• A long bearish candle on the daily chart has shifted sentiment to bearish. Nifty may find support around 25,267–25,223. If selling pressure increases, it could test 25,178. An interim support may also emerge near 25,311.
• On the upside, 25,401–25,443 may act as immediate resistance. A breakout and sustained move above this range could push Nifty towards 25,487–25,533.
• Bank Nifty Outlook
• Spot: 56,956 PCR: 0.86 Max CE OI: 56,000 Max PE OI: 56,000
• On 10th July 2025, Bank Nifty closed at 56,956, down 0.45% from the previous day. The index moved 453.15 points during the session, hitting a high of 57,339.75 and a low of 56,886.60.
• Technical View (Daily Chart)
• Key support and resistance levels are at 56,750 and 57,350, respectively.
• Intraday Strategy
• Go long above 57,090 with SL at 57,010 and target 57,210.
• Go short below 56,830 with SL at 56,875 and target 56,690.
• Indicators
• RSI is at 56.30 (below 30 is oversold, above 70 is overbought).
• Bank Nifty is trading above 6 out of 8 SMAs (20, 30, 50, 100, 150, 200-day) and below the 5 & 10-day SMAs.
• No active candlestick pattern was identified.
• Macros.
• 1. Dollar index @ 97.5
• 2. Vix @ 15.78 ( -1)
• 3. Brent crude @ 69.02
• 4. US 10 years bond yield 4.362
• Note: The number of Americans filing new jobless claims unexpectedly fell to a seven-week low last week, indicating that employers are holding on to workers despite signs of a cooling labor market. This reduces the urgency for the Federal Reserve to resume rate cuts. Initial claims declined for the fourth straight week, ending 5th July.
• As usual, Trump imposed a 35% trade tariff on Canada. However, most Asian markets traded positively, suggesting that markets are not reacting strongly to tariff news, especially as the deal deadline has been extended.
• For Indian equities, the earnings season has begun and needs to be tracked closely, as it will be the next major market trigger. Liquidity alone may not be enough to sustain elevated levels for long.
• Contributed by
• Ashok bhandari : INH000019549
• -------------------------------------xxxxxxx-------------------------------------------------------------------xxxxxxx---------------------------------
• Post by a Money Times analyst yesterday on Guru Purnima:
• The Stock Market is not just a game of profit and loss,
• It’s a Gurukul — a place to learn.
• Time, Patience, and Mistakes are your real teachers.
• Those who learn… survive. Those who stay disciplined… grow.
• Market is Supreme
• Happy Guru Poornima to all gurus
• BEAT THE STREET BULLETIN
• Date: 10 July 2025
• Telegram: [t.me/beatthestreet10]
• ORDER WIN
• ENVIRO INFRA ENGINEERS: Bags ₹400 crore MIDC order for CETP upgrade project in Kolhapur with 15-year O\&M.
• ANI INTEGRATED SERVICES: Wins ₹36.69 crore technical manpower contract from Vedanta across four Indian states.
• ACQUISITION
• TATA STEEL: Acquires ₹1,073.63 crore worth of shares in wholly owned foreign subsidiary T Steel Holdings to strengthen global ops.
• MANBRO INDUSTRIES: Acquires 51% in Shivam Pipe, 26% in KD Ecosystem, and 99.90% in KD Infrastructures to enter steel, recycling, and infra.
• JSW INFRA: Resolution plan for NCR Rail Infra approved by CoC; acquisition boosts logistics presence in North India.
• FUNDRAISING
• SBI: Board to consider fundraising via Basel III bonds on July 16.
• TITAGARH RAIL: Plans ₹200 crore fundraising via warrants to promoters; EGM on August 8 for approval.
• JTEKT INDIA: Board meeting on July 15 to consider equity fundraising.
• OSIA HYPER RETAIL: Board to consider fundraising plan on July 15.
• TEMBO GLOBAL INDUSTRIES: Board to consider fundraising on July 15.
• SPANDANA SPHOORTY: To consider equity fundraising proposal on July 15 to support future expansion.
• Q1 / BUSINESS UPDATE
• IREDA: Q1 PAT down 36% YoY and 51% QoQ at ₹246 crore; NII up 36% YoY but down 9% QoQ.
• GTPL HATHWAY: Q1 PAT down 26% YoY at ₹10.5 crore; revenue up 7% YoY to ₹903 crore.
• OSWAL PUMPS: Q4 PAT up 121% YoY to ₹62.9 crore; revenue rises 58% YoY to ₹364 crore.
• CREDIT RATINGS
• DREAMFOLKS: CRISIL reaffirms BBB+/A2 ratings but places under watch with negative implications due to key client program closures.
• TAX ORDER
• EICHER MOTORS: VECV receives ₹168.19 crore GST demand notice from CGST & Excise, Ujjain for FY18.
• CLARIFICATION
• IREDA: Flags loan frauds by Hetero and Gensol worth ₹19.3 crore; both downgraded to NPA amid ongoing recovery efforts.
• COLLABORATION
• FISCHER MEDICAL VENTURES: Launches \$10 million TB eradication project in Indonesia using AI-powered X-ray tech.
• LEADERSHIP CHANGES
• *No relevant items.*
• NEW PROJECTS
• WESTERN CARRIERS: To launch Gati Shakti Multi-Modal Cargo Terminal at Devaliya, Gujarat on July 16 to boost logistics infra.
• LAUNCHES
• LEMON TREE: Signs two new hotels in Navi Mumbai and Jalgaon; expands Maharashtra footprint to 14 operational hotels.
• INCORPORATE / CORPORATE STRUCTURE
• TBO TEK: Incorporates Polish subsidiary TBO Tek Spółka z o.o. to expand into European travel market.
• FII STAKE CHANGES / BOUGHT-SOLD
• HAPPY SQUARE OUTSOURCING: Multiple large trades on NSE with bulk buys by Mansi Share Broking, Neo Apex, and others.
• VIRINCHI LIMITED: Green Field Meadows Infra buys 5.88 lakh shares (0.57%) at ₹28.57 per share.
• APIS INDIA: Amarjit Kaur Ranjit Singh Anand acquires 0.47 lakh shares (0.86%) at ₹324.55 each via BSE.
• OTHERS
• ALFRED HERBERT: Sells 5th floor of Kolkata property for ₹14.34 crore in real estate monetization deal.
• BIRLANU: Issues €10.73 million SBLC to ICICI Bank UK for German subsidiary’s working capital needs.
• ZEE ENTERTAINMENT: Shareholders reject ₹2,237 crore promoter warrants issuance proposal.
• TOURISM FINANCE: Approves 1:5 stock split to enhance share liquidity.
• STAY UPDATED WITH BEAT THE STREET
• For more updates, join our Telegram channel: [t.me/beatthestreet10]
• @beatthestreet10
• UBS on Telecom
• Bharti Airtel: Downgrade to Sell from Neutral; Hike TP to Rs 1970 from Rs 1705
• Vodafone Idea: Downgrade to Neutral from Buy; Cut TP to Rs 8.5 from Rs 12
• Indus Towers: Maintain Neutral; Hike TP to Rs 455 from Rs 440
• Model a 10-12% price increase in late FY26, the probability of a delay cannot be ruled out
• @beatthestreet10
• Nuvama on Hyundai Motor
• Initiate Buy with TP of Rs 2600
• Promising drive: Model-led momentum
• Over next 18 months, expect a new compact SUV, a micro E-SUV and multiple refreshes
• This will increase Hyundai's domestic market share by 1 percentage points to 15% by FY28
• Premiumisation with a rising share of sunroofs, ADAS and automatics shall continue to accelerate
• @beatthestreet10
• Trump says Canada To Face 35% Tariff Rate Starting August 1 - CNBCTV 18
• Plan To Impose Blanket Tariffs Of 15% Or 20% On Most Trade Partners
• I'm Disappointed In Russia, But We'll See What Happens Over The Next Couple Of Weeks
• I'll Have A Major Statement To Make On Russia On Monday
• Expect The Senate To Pass Sanctions Measure Against Russia
• Navin Fluorine : Co. Raises ₹750 Cr via QIP at Discounted Price
• QIP Fundraising Closed: Company successfully closed a Qualified Institutions Placement (QIP) on July 10, 2025.
• ₹750 Cr Raised: Issued 16,02,564 equity shares at ₹4,680/share (2.46% discount to floor price of ₹4,798.28).
• Purpose: Likely to strengthen balance sheet, fund growth or capex.
• Dilution for Existing Shareholders: Equity dilution due to fresh share issuance.
• Overall Impact: Mildly positive due to fresh capital infusion, though slight pressure on share price possible due to discounted allotment.
• OMCs, Aviation, Paint, Specialty Chemicals, ONGC, Oil India : Oil Prices Fall Under $67 Due To Trade War Fears And Decreased Demand
• OPEC+ To Think About Halting Production Increase
• Hardeep Singh Puri, Oil Minister on India’s Stance on Buying Russian Oil:
• India has never bought any sanctioned cargoes
• Urges global leaders to strength energy toes with India
• OPEC said demand will grow by roughly 19% to reach almost 123 million barrels a day by 2050.
• Investec on HUL
• Maintain Hold with TP of Rs 2538
• Rohit Jawa's departure is sudden, which is unlike other CEO terms in HUL's history
• This also comes on the back of a change in Unilever's CEO in February
• Priya Nair comes as a strong replacement with her proven track record
• Jefferies India Strategy
• MSCI India ex-financials trades at 26.4x 1-yr fwd PE - expensive
• Finding attractive value vs growth has become tough in non-financials
• Highlight 11 stocks amongst Jeff India coverage which we believe offer value
• Add newly listed auto comp Belrise, IT company Sagility, and Adani Energy, from the 'value' list to model portfolio
• Jefferies on Mankind Pharma
• Maintain Buy; Hike TP to Rs 3000 from Rs 2870
• Reboot complete; poised for a recovery from hereon
• Expect Q1-Q2 to be step quarters, India Rx growth to normalise in H2
• BSV synergies to start reflecting in the 26% Ebitda margin guidance for FY26
• Starting FY27, Mankind should achieve 1.5x IPM growth and further improvement in margins
• GS on Axis Bank
• Maintain Buy with TP of Rs 1555
• Focus on asset quality overdone
• Profitability to improve from Q2 onwards
• Asset quality concerns maybe overdone
• Cycle to turn favorable; PCR strong
• Fundamentals to improve on better return-ratios/loan growth.
• Citi on HUL
• Maintain Buy with TP of Rs 2750
• New MD & CEO Announced - All Eyes On Future Growth Strategy
• Management changes in the Indian consumer space have been a much talked about factor on street
• In recent memory, we saw big rallies and eventual business performance improvements at Godrej Consumer and Colgate India
• Jefferies on Adani Ports
• Maintain Buy with TP of Rs 1765
• Capacity additions to drive near term growth
• Volume rampup at new ports and favourable base in H2 should help achieve FY26E guidance
• See 16% volume CAGR over FY25-27 led by 17% capacity addition
• Macquarie on HUL
• Maintain Outperform with TP of Rs 2750
• Change of guard driving a stronger focus on growth especially in the Beauty segment
• Sudden departure of Rohit Jawa and the relatively short period of transition remain concerning
• Gain comfort from Priya's long period of experience in India
• MS on Tata Elxsi
• Maintain Underweight with TP of Rs 4660
• Q1: Another weak quarter amid recovery hopes
• Another quarter of a miss, on low expectations
• Management sounded constructive and hopeful of recovery again, driven by Autos and Media
• Stock has outperformed most peers since the lows of April 2025
• Citi on TCS
• Maintain Sell; Cut TP to Rs 3135 from Rs 3220
• Another weak quarter
• Sequential decline in international business in a seasonally strong quarter was the key negative
• Still optimistic about FY26 being better yoy for international business
• Sector growth outlook continues to be challenged - valuations remain high in that context
• Investec on TCS
• Maintain Buy; Hike TP to Rs 3705 from Rs 3660
• Demand uncertainties continue to linger
• Dichotomy of strong wins with weak near-term demand highlights client intent to spend but is curtailed by near term uncertainties
• Difficult to predict a revival in the near term
• Continue to build a recovery through FY27E-FY28E after three years of subdued demand
• NOMURA ON GLENMARK PHARMA
• (CMP: 1,919)
• MAINTAIN HOLD
• TARGET PRICE : ₹ 1,500
• Company Has Cracked Mega Deal With AbbVie w.r.t ISB 2001
• Deal Is Largest Licensing Deal By Any Indian Pharma Co
• Deal Value Is Ahead Of Expectations
• JEFFERIES ON TCS
• Maintains 'Hold' Rating; Hikes Target Price To ₹3,480 From ₹3,400
• Revenue Led Miss; Broad-Based Weakness In Growth
• Revenue Growth Unlikely In FY26
• Challenged Environment To Limit Margin Expansion
• Downside Is Mostly Limited At 4% Yield, Weak Growth Will Cap Upsides As Well
• NOMURA ON TCS
• (CMP: ₹3,395)
• RETAIN NEUTRAL
• TARGET: 3,780
• (PREVIOUS TARGET: 3,820)
• Growth Visibility For FY26 Is Still Hazy
• Constant Currency Lower Than The Consensus Estimate
• Co Continues To Expect FY26 To Be Better Than FY25 For Major Mkts
• Significant Margin Improvement In FY26 Is Unlikely
• Cut FY26-28 EPS Estimates By 1-2%
• UBS ON TCS
• (CMP: ₹3,395)
• MAITAIN BUY
• TARGET: 3,950
• (PREVIOUS TARGET: 4,050)
• Stock Price Has Underperformed Its Large Indian Peers Over Last 5 Yrs
• Stock Underperformance On De-rating As Revenue Conversion Is Slow
• Believe Market Will Look At TCS Growth Ex-BSNL
• It Can Still Deliver Industry Average Growth In FY26
• Q1 Revenue Miss Largely Due To BSNL Deal Ramp-down
• Current Valuations Give Comfort & See Limited Downside
• JPMORGAN ON HUL
• (CMP: 2,407)
• MAINTAIN OVERWEIGHT
• TARGET PRICE : ₹ 2,500
• Priya Nair Is A Unilever Veteran With Over 30 Years Of Work Experience
• Majority Of 30 Yrs Term With Co, She Spent In India Across Various Managerial Roles
• Growth Initiatives & Drive Towards Improving Vols Will Benefit From Her Experience
• UBS on IDFC First
• Initiate Neutral with TP of Rs 85
• Limited ROA upside potential
• High credit cost and opex pose medium-term ROA challenges
• Sector tailwinds to support growth; NIM to remain stable
• High credit cost and opex to be challenging; expect ROA of c1% by FY27
• JPMORGAN ON TATA ELXSI
• (CMP: 6,136)
• MAINTAIN UNDERWEIGHT
• TARGET PRICE : ₹ 3,800
• Q1 Print Missed Sharply On Both Revenue & Margin For 4th Successive Qtr
• Auto Has A Mixed Outlook With Large Deals Ramping Up Gradually
• Tariff-related Uncertainty Is Still Negatively Impacting Demand In US
• Co Expects Telecom To Return To Growth From Q2
• Cut Earnings Estimates By 3-5% For FY26-28
• Adani Green:
• Adani Green reported a 45% YoY increase in operational capacity, reaching 15.8 GW in Q1 FY26, making it India’s largest renewable energy operator.
• Energy sales surged 42% to 10,479 million units, supported by newly commissioned projects.
• Solar, wind, and hybrid CUF stood at 28%, 42.3%, and 43.9% respectively, with high plant availability.
• The company achieved 31% of its FY26 PPA target in Q1 alone, indicating strong operational performance.
• It also received top global ESG rankings and awards for sustainability leadership.
• Lucent Industries:
• Subsidiary Mobavenue Global Holdings Ltd will establish a branch office in the UK to support international expansion.
• The move follows Lucent’s recent acquisition of Mobavenue Media Pvt Ltd, reflecting continued strategic growth.
• The UK branch aims to enhance European market access and expand digital marketing capabilities.
• This expansion is expected to enable direct client engagement and unlock new revenue streams.
• It highlights the company’s focus on strengthening its global footprint.
• TCS Says Too Early To Comment On Whether The Slowdown Impact Will Extend To Q2
• Didn't See Many Deal Cancellations But Saw Delays In Q1
• Rev Drop Included Impact Due To 0.5% Drop In International Market