Sector-wise market news update-July 11, 2025

Financial Services & Banking
• State Bank of India is planning a massive QIP of ₹25,000 crore (~$2.9 bn) aimed at institutions, following board approval in May
• Sebi launched “Bond Central,” a centralised platform expected to deepen India’s corporate bond market with improved price discovery and accessibility

Technology / IT / Consulting
• Tata Consultancy Services (TCS) posted a muted Q1 result: revenues rose just 1.3% YoY in INR (–3.1% CC). Brokers have cut FY26 estimates, and the stock and peers (Infosys, Wipro) are under pressure
• Weak Q1 earnings from TCS and fresh U.S. tariffs are weighing on IT stocks, dragging Sensex/Nifty futures lower

Equity & IPO Market
• India is on track for a record IPO year: $6.7 bn raised YTD, with July expected to bring in another $2.4 bn. Major upcoming deals include Tata Capital (~$2 bn), LG Electronics, Credila, NSDL, JSW Cement, and others

Financials & Fundraising Plans
• South Indian Bank: Board meeting on July 17 to consider equity fund raise.
• State Bank of India (SBI): Board meeting on July 16 to consider raising Basel III bonds.
• M&M Financial Services: Approved ₹100 crore via NCDs on private placement.

Energy, Infrastructure & Industrials
• Capgemini to acquire India’s BPO giant WNS for $3.3 bn, pushing deeper into AI-enabled services
• Hindustan Unilever appoints Priya Nair as new CEO & MD; Tata Elxsi also delivers below expected earnings; Zee Entertainment’s warrants issuance plan stalls
• MP Growth Conclave in Indore will showcase ₹10,000  crore urban infrastructure projects, boosting sectors like smart cities and urban mobility

Market Sentiment & Global Cues
• GIFT Nifty futures indicate a ~0.5% gap down start amid global trade uncertainty, bearish cues from U.S. tariffs and corporate earnings

Stocks to Watch
Top names in focus: TCS, IREDA, Zee, HUL, Tata Steel, Glenmark Pharma, DMart — driven by news flow, Q1 earnings and sectoral headlines

Technical & Analyst Views
• Market volatility is at a 52 week low (India VIX), offering calmer trading conditions
• Aditya Birla Sun Life AMC and One97 Communications (Paytm) are top picks, with technical buy signals and attractive valuations

Key Quarterly Results & Business Updates
Tata Consultancy Services (TCS) – Q1 FY26 (Consolidated, QoQ)
• Revenue: ₹63,437 crore, down 1.6% from ₹64,479 crore
• EBIT: ₹15,514 crore, down 1%
• EBIT Margin: 24.5% vs 24.2%
• Net Profit: ₹12,760 crore, up 4.4%
• Total Contract Value: $9.4 billion vs $12.2 billion
• Attrition (LTM): 13.8% vs 13.3%
• Robust deal closures and strong performance across new services.

Anand Rathi Wealth – Q1 FY26
• Revenue: ₹274 crore (↑23.4% QoQ, ↑15% YoY)
• Net Profit: ₹93.91 crore (↑27.4% QoQ, ↑27.9% YoY)
• PAT: ₹126 crore (↑27.3% QoQ)
• AUM: ₹87,797 crore, up 27% YoY
• FY26 Guidance: Revenue ₹1,175 crore, Profit ₹375 crore, AUM ₹1 lakh crore

IREDA – Q1 FY26 (Consolidated, YoY)
• Net Interest Income (NII): ₹691 crore, up 36%
• Net Profit: ₹247 crore, down 35.7%
• Gross NPA: 4.13% vs 2.45% (QoQ)
• Net NPA: 2.06% vs 1.35% (QoQ)
• Impairment: ₹363 crore, up 180%
• Loan Book: ₹79,941 crore, up 26%
• Net Interest Margin: 3.6% vs 3.27%

Tata Elxsi – Q1 FY26 (QoQ)
• Revenue: ₹892.1 crore, down 1.8%
• EBIT: ₹162.4 crore, down 11%
• Margin: 18.2% vs 20.1%
• Net Profit: ₹144.4 crore, down 16%
• Segment Revenue:
o Transportation: ↑3.7% QoQ
o Media & Communication: ↓5.5% QoQ (cc)

Leadership Changes
• Hindustan Unilever (HUL): MD & CEO Rohit Jawa to step down on July 31. Priya Nair appointed as new MD & CEO effective August 1 for 5 years.

Pharmaceuticals & Healthcare
• Glenmark Pharma: Subsidiary IGI Therapeutics signs a global licensing agreement with AbbVie for cancer drug ISB 2001.
o Deal includes $700 million upfront and up to $1.225 billion in milestone payments.
o Drug is in Phase I clinical trials.
• Emcure Pharma: USFDA concluded pre-approval inspection of oncology unit in Gujarat with zero observations.

Media & Entertainment
• Zee Entertainment: Shareholders rejected the ₹2,237 crore warrant issue to promoters.
o 59.5% voted in favor, below the required threshold for approval.

Corporate & Strategic Updates
• Prestige Estates: Issued a corporate guarantee for JV Thomsun Realtors’ term loan.
• PC Jeweller: Raised ₹500 crore via preferential allotment.
• Ircon International: Faced a ₹72.9 crore claim by SA Yadav at Arbitral Tribunal.
• Mphasis: Acquired 26% stake in U.S.-based Aokah for $4 million.
• Consolidated Construction: Received ₹200 crore order for factory and building projects.