Stocks to Watch Today: Wipro, Axis Bank, LTIMindtree, Indian Hotels, Lupin, Tracxn Tech, Capital SFB, Veranda Learning, IndoStar in focus on 18 July

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, fund raising and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:

Results Today

Reliance Industries, JSW Steel, Bandhan Bank, Aarti Drugs, Atul, Hindustan Zinc, IndiaMART InterMESH, Indian Overseas Bank, L&T Finance, Mahindra EPC Irrigation, Mastek, Mangalore Refinery and Petrochemicals, and Indosolar will release their quarterly earnings on July 18.

Results on July 19

HDFC Bank, ICICI Bank, Union Bank of India, RBL Bank, Yes Bank, AU Small Finance Bank, Can Fin Homes, Central Bank of India, EPACK Durable, India Cements, JK Cement, Punjab & Sind Bank, Rossari Biotech, Reliance Power, and Seshasayee Paper and Boards will announce their quarterly results on July 19.

Quarterly Earnings

Wipro Q1 (Consolidated YoY)

Profit grows 9.9% to Rs 3,336.5 crore Vs Rs 3,036.6 crore

Revenue rises 0.8% to Rs 22,134.6 crore Vs Rs 21,963.8 crore

IT Services revenue increases 0.8% to Rs 22,080 crore Vs Rs 21,896.3 crore

IT Services EBIT soars 5.8% to Rs 3,813.4 crore Vs Rs 3,605.7 crore

IT Services EBIT margin expands to 17.27% Vs 16.47%

IT Services revenue in dollar terms advances 1.5% to $2,587.4 million

Wipro expects Q2 revenue from IT Services business to be in $2,560-2,612 million

Axis Bank Q1 (Standalone YoY)

Profit declines 3.8% to Rs 5,806.1 crore Vs Rs 6,034.6 crore

Net interest income rises 0.8% to Rs 13,559.8 crore Vs Rs 13,448.2 crore

Provisions and contingencies zoom 93.6% to Rs 3,947.7 crore Vs Rs 2,039.3 crore

Gross NPA increases to 1.57% Vs 1.28% (QoQ)

Net NPA jumps to 0.45% Vs 0.33% (QoQ)

Jio Financial Services Q1 (Consolidated YoY)

Profit grows 3.8% to Rs 324.7 crore Vs Rs 312.6 crore

Revenue soars 46.6% to Rs 612.5 crore Vs Rs 417.8 crore

LTIMindtree Q1 (Consolidated YoY)

Profit jumps 10.6% to Rs 1,254 crore Vs Rs 1,133.8 crore

Revenue grows 7.6% to Rs 9,840.6 crore Vs Rs 9,142.6 crore

EBIT increases 2.6% to Rs 1,406.5 crore Vs Rs 1,370.9 crore

EBIT margin drops to 14.3% Vs 15%

Other income zooms 72.7% to Rs 392.1 crore Vs Rs 227.1 crore

360 ONE WAM Q1 (Consolidated YoY)

Profit jumps 16.8% to Rs 284.7 crore Vs Rs 243.7 crore

Revenue soars 7.3% to Rs 911.5 crore Vs Rs 849.34 crore

Clean Science and Technology Q1 (Consolidated YoY)

Profit rises 6.3% to Rs 70 crore Vs Rs 65.9 crore

Revenue grows 8.4% to Rs 242.9 crore Vs Rs 224 crore

Tata Communications Q1 (Consolidated YoY)

Profit tanks 42.9% to Rs 190.1 crore Vs Rs 332.9 crore

Revenue rises 6.6% to Rs 5,960 crore Vs Rs 5,592.3 crore

Board approves proposal to raise funds through issuance of NCDs worth upto Rs 1,000 crore

CEAT Q1 (Consolidated YoY)

Profit plunges 27% to Rs 112.5 crore Vs Rs 154.2 crore

Revenue grows 10.5% to Rs 3,529.4 crore Vs Rs 3,192.8 crore

Board re-appoints Arnab Banerjee as Managing Director & Chief Executive Officer

Board approves capital expenditure of Rs 450 crore for Chennai plant

Nuvoco Vistas Corporation Q1 (Consolidated YoY)

Profit spikes to Rs 133.2 crore Vs Rs 2.84 crore

Revenue grows 9% to Rs 2,872.7 crore Vs Rs 2,636.5 crore

Sunteck Realty Q1 (Consolidated YoY)

Profit zooms 46.7% to Rs 33.4 crore Vs Rs 22.8 crore

Revenue falls 40.5% to Rs 188.3 crore Vs Rs 316.3 crore

Shoppers Stop Q1 (Consolidated YoY)

Loss narrows to Rs 15.74 crore Vs loss of Rs 22.72 crore

Revenue grows 8.6% to Rs 1,161.1 crore Vs Rs 1,069.3 crore

Indian Hotels Company Q1 (Consolidated YoY)

Profit jumps 19.3% to Rs 296.4 crore Vs Rs 248.4 crore

Revenue soars 31.7% to Rs 2,041.1 crore Vs Rs 1,550.2 crore

Route Mobile Q1 (Consolidated YoY)

Profit sinks 27.6% to Rs 58.8 crore Vs Rs 81.2 crore

Revenue declines 4.8% to Rs 1,050.8 crore Vs Rs 1,103.4 crore

Gautam Badalia resigns as Chief Executive Officer of the company, effective July 17

Board approves redesignation of Rajdipkumar Gupta as the Managing Director and Chief Executive Officer, effective July 18

Board approves re-designation of Sammy Mamdani as Chief Operating Officer, from Executive Vice President – Group Head – Global Operations

Stocks to Watch

Lupin

The US Food and Drug Administration (US FDA) inspected Lupin’s Pithampur Unit-3 manufacturing facility during July 7–17. The inspection concluded with the issuance of a Form 483 containing three observations. Additionally, the US FDA inspected the Pithampur Unit-2 manufacturing facility during July 8–17 and closed the inspection with the issuance of a Form 483 containing four observations.

Bajaj Auto

The company’s subsidiary, Bajaj Auto Credit, has received approval from its board of directors for a fresh issuance limit of non-convertible debentures (NCDs) up to Rs 5,000 crore, an enhanced limit for the issuance of commercial papers up to Rs 3,000 crore, and a subordinated debt (Tier-2) issuance limit up to Rs 750 crore.

Mahindra and Mahindra

The company has approved the subscription to equity shares of Mahindra Logistics to the extent of its rights entitlement. It will also subscribe to additional shares as well as any unsubscribed portion of the rights issue at Rs 277 per share. Mahindra Logistics had earlier approved a rights issue of equity shares worth up to Rs 749 crore at an issue price of Rs 277 per share.

Tracxn Technologies

The share buyback price has been increased from Rs 70 per share to Rs 75 per share. Further, the maximum number of equity shares proposed to be bought back by the company has been reduced from 11.43 lakh shares to 10.67 lakh shares, equivalent to 0.99% of the total number of equity shares.

IndoStar Capital Finance

IndoStar has completed the transaction to sell its wholly owned subsidiary, Niwas Housing Finance, to Witkopeend B.V., an affiliate of BPEA EQT Mid-Market Growth Partnership (EQT), a global private equity investor, for Rs 1,705.95 crore. IndoStar will use the funds to accelerate growth and value creation in its core verticals of vehicle finance and small business loans.

Veranda Learning Solutions

The company has launched its Qualified Institutions Placement (QIP) issue on July 17, with a floor price of Rs 236.92 per share.

Bulk Deals

Capital Small Finance Bank

Tikri Partners LLP, owned by Prashant Jain and his wife Seema Jain, bought 10 lakh shares (2.21% stake) at Rs 280 per share.

Stocks Trade Ex-DividendKotak Mahindra BankHCL TechnologiesBharti AirtelCummins IndiaDabur IndiaJubilant FoodWorksAegis LogisticsAfcons InfrastructureASK AutomotiveAstraZeneca PharmaBajaj ElectricalsBlue StarBirlasoftCitadel Realty and DevelopersDhanuka AgritechDollar IndustriesElgi EquipmentsExide IndustriesGIC Housing FinanceGoodyear IndiaGRPHappiest Minds TechnologiesHitech CorporationIndia Motor Parts & AccessoriesIndian Hume Pipe CompanyIndian Hume Pipe CompanyIntellect Design ArenaIntellect Design ArenaLaxmi Organic IndustriesMagadh Sugar & EnergyMahindra Lifespace DevelopersCE Info SystemsMangalam Global EnterpriseMRFNeuland LaboratoriesNewgen Software TechnologiesOrient ElectricPix TransmissionsPlatinumOne Business ServicesPrudent Corporate Advisory ServicesPunjab Chemicals & Crop ProtectionSafari Industries IndiaSasken TechnologiesShanthi GearsSundaram Brake LiningsSwelect Energy SystemsSymphonyTTK HealthcareWalchand PeoplefirstWelspun Corp

Xpro India

Stocks Trade Ex-BonusSamvardhana Motherson InternationalMotherson Sumi Wiring IndiaBright Outdoor Media

IFGL Refractories

Stock Trades Ex-Date for Spin Off

Valor Estate

Stock Trades Ex-Date for Split

Indo Thai Securities

Stock Trades Ex-Date for Buyback

Tracxn Technologies

Stock Trades Ex-Date for RightsValiant Laboratories

Zodiac Ventures

Stock in F&O banAngel OneHindustan Copper

RBL BankDisclosure: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.