The Indian stock market is set for another action-packed session on July 18, with several companies under the spotlight due to their quarterly results, strategic deals, fund-raising announcements, and regulatory developments.
Stocks like Wipro, Axis Bank, LTIMindtree, Lupin, and Indian Hotels will be closely tracked by investors today.
Let’s take a look at the major developments and why these stocks are likely to be in focus:
Key Q1 Earnings in Spotlight
- Wipro reported a 9.9% rise in profit to ₹3,336.5 crore and a 0.8% revenue growth in its IT services business. EBIT margins improved, and the company expects Q2 IT services revenue to be in the range of $2,560–2,612 million.
- Axis Bank posted a 3.8% decline in standalone net profit, impacted by changes in its NPA classification and provisioning policy. Gross and Net NPAs rose, adding pressure on the stock.
- LTIMindtree delivered a 10.6% profit growth, although its EBIT margin declined to 14.3%. Strong other income supported the bottom line.
- Jio Financial Services reported a 3.8% profit increase, with revenue growing a robust 46.6% year-on-year.
- Indian Hotels posted a strong 19.3% profit growth, with revenue jumping 31.7%, reflecting continued travel and hospitality momentum.
Other companies reporting earnings include 360 ONE WAM, Clean Science, Tata Communications, CEAT, Nuvoco Vistas, Sunteck Realty, Shoppers Stop, and Route Mobile, each with mixed results across revenue and profit metrics.
A mix of strong and weak earnings reports is expected to drive stock-specific action in today’s session.
Check These Stocks:
Regulatory Actions & Strategic Developments
Lupin received Form 483 observations from the USFDA after inspections at its Pithampur facilities. While not severe, these inspections will be watched closely by pharma investors.
IndoStar Capital Finance completed the sale of Niwas Housing Finance to Witkopeend B.V. for ₹1,705.95 crore, freeing up capital for growth in vehicle and small business finance.
Veranda Learning launched a Qualified Institutional Placement (QIP) at a floor price of ₹236.92 per share to raise fresh funds.
Tracxn Technologies revised its buyback price to ₹75 and reduced the number of shares for buyback.
Mahindra & Mahindra will subscribe to the Mahindra Logistics rights issue, reaffirming its commitment to the logistics subsidiary.
Bajaj Auto Credit, a subsidiary of Bajaj Auto, received board approval to raise NCDs up to ₹5,000 crore and expand its credit base.
Also Read: Sensex Slips 600 Points, Nifty Drops Below 24,950 as Weak Axis Bank Results Weigh on Markets
Bulk Deals and Shareholder Movements
Capital Small Finance Bank witnessed a bulk deal where Tikri Partners LLP, owned by Prashant Jain and Seema Jain, acquired 2.21% stake at ₹280 per share.
Dividend, Bonus, and Other Corporate Actions
Several companies are trading ex-dividend today, including:
- Kotak Mahindra Bank, HCL Technologies, Bharti Airtel, Dabur India, Jubilant FoodWorks, and Bajaj Electricals, among others.
- Samvardhana Motherson, Bright Outdoor Media, and Motherson Sumi Wiring are trading ex-bonus.
- Indo Thai Securities is trading ex-date for split.
- Tracxn Technologies trades ex-date for buyback.
Valiant Laboratories and Zodiac Ventures are trading ex-date for rights issue.
Stocks Under F&O Ban
Angel One
Hindustan Copper
RBL Bank
These counters are restricted in the F&O segment due to crossing market-wide position limits.
From earnings updates to buybacks, QIPs, and large fundraisings, July 18 is packed with action across key sectors like IT, banking, pharma, auto, and real estate.
Investors are expected to watch these developments closely, with stock-specific reactions likely to drive market movements throughout the day.
