News

Global brokerages CLSA, Nomura, and HSBC have retained their respective ratings on Tech Mahindra following the company’s June quarter earnings announced on Wednesday, July 16, evening.

Click for More

 #RupeeCheck | Rupee opens at 85.91/$ vs Wednesday’s close of 85.94/$ pic.twitter.com/17CUtg7LC8

— CNBC-TV18 (@CNBCTV18Live) July 17, 2025

Here are a couple of stock recommendations by Mitessh Thakkar, Technical Analyst

Buy Adani Total Gas for a target price of ₹685 with a stop loss of ₹650

Buy GMR Airports for a target price of ₹98 with a stop loss of ₹92

Buy APL Apollo for a target price of ₹1,770 with a stop loss of ₹1,688

Sell Jindal Stainless for a target price of ₹655 with a stop loss of ₹686

Gurugram-based real estate major DLF Ltd. will be making a comeback to the Mumbai Metropolitan Region market after a gap of over a decade.

Here are a couple of stock recommendations by Sudarshan Sukhani, Technical Trends

Buy Alkem Laboratories with a stop loss of ₹4,900

Buy Granules India with a stop loss of ₹495

Buy LIC Housing Finance with a stop loss of ₹626

Buy DLF with a stop loss of ₹828

Kalpataru Projects International Limited (KPIL), along with its international subsidiaries, has secured new orders/notifications of awards of approx. ₹2,293 crore.

Dixon Tech CFO To CNBC-TV18

The rating agency Citi has downgraded Indian equities from overweight to neutral. In addition, Citi has also upgraded Chinese and Korean equities.

 #StocksToWatch | Here’s a list of stocks in focus going into trade today????

????Le Travenues: Revenue up 74%, margin at 8.1% vs 9.1% (YoY)

????Tanfac Ind: Profit rises 71% & revenue is up 85% YoY

????Oriental Hotels: Revenue up 26% YoY, co says asset upgradations aid growth

????TVS… pic.twitter.com/zKIFhGgXRP

— CNBC-TV18 (@CNBCTV18Live) July 17, 2025

Richard Harris, Port Shelter Investment Management On CNBC-TV18

Hexaware Tech | To Acquire Tech SMC Square India & Tech SMCSquared (GCC) For ₹1,029 Cr In All-cash Deal

Saurabh Gupta, CFO, Dixon Technologies Speak To CNBC-TV18 on acquisition & JV

Shares of Seven & i, listed on the Japanese bourses, fell as much as 9% on Thursday, July 17, after Canada’s Alimentation Couche-Tard withdrew its $47 billion bid to acquire the company.

Trading was briefly halted in the stock after the deal was called off. The stock fell after resumption.

CITI on L&T Technology Services

Sell, Target Price ₹4015 on L&T Technology Services

Reported weak 1QFY26—revenues were lower, while margins were in line.

1) Reiterated double-digit FY26 revenue growth based on backlog orderbook and healthy pipeline of deals;

2) headcount –2.6% QoQ / flattish YoY (including acquisition);

3) management indicated that 2H will likely be better than 1H based on multiple client conversations & another quarter of large deal wins over $200mn

Morgan Stanley on L&T Technology Services

Equal Weight, Target Price ₹4500 on L&T Technology Services

Results were in line with our expectations. LTTS has done well on deal wins in the past three quarters and is hopeful of revenue conversion going forward. Margin recovery could be gradual. We view no major negative surprises with a near-term positive bias, even though our PT implies limited upside.

HSBC on L&T Technology Services

Hold, Target Price ₹4790 on L&T Technology Services

1QFY26 revenue & margins missed estimates, 2Q likely to be weak as well; recent strong deals to drive better 2H

Expect strong Sustainability momentum to continue, Tech should improve as well; Mobility could struggle near term

LTTS among best ER&D capabilities, but weaker organic growth vs peers near term

Japan’s exports declined for the second consecutive month, pressured by ongoing US tariffs — adding to concerns of a technical recession following an earlier economic contraction.

Read Full Article

SN Subrahmanyan, Chairman and Managing Director of Larsen & Toubro, saw his FY25 remuneration rise nearly 50%, driven by stock options. Meanwhile, L&T reported a 15% rise in net profit and a 16% increase in revenue, but stock returns remained muted.

Kotak Institutional Equities on Thermax

Shares of Waaree Energies are in the spotlight on Thursday, July 17, after the company announced it has cancelled its planned acquisition of Kamath Transformers Private Limited.

More Information

CLSA on Tech Mahindra

High Conviction O-P, TP ₹2020

HSBC on Tech Mahindra

Buy, TP ₹1900

Nomura on Tech Mahindra

Buy, TP ₹1810

Jefferies on Tech Mahindra

U-P, TP ₹1400

MS on Tech Mahindra

UW, TP ₹1555

Nomura on Glenmark

Neutral on Glenmark Pharma, Target Price ₹1500

Analyst meet takeaways

Commentary largely in line with expectations

Stock run-up (up 16% vs. NIFTY down 1%), post ISB 2001 deal, has adequately captured value unlocking

Think stock performance from hereon should largely depend on performance of base business.

Improvement in US operations will be key

In India, EM and Europe, the company intends to grow on the back of innovative brands

Nomura on L&T Technology Services

Reduce, Target Price cut to ₹3600 on L&T Technology Services

1QFY26– misses revenue forecasts

Deal wins strong, pipeline is robust

FY26E guidance of double-digit revenue growth is ambitious

EBIT margin to remain under pressure in 2Q; might see steady recovery over FY26-28F

Lower FY26-28F EPS by 1-4%; stock currently trades at 30x FY27F EPS

Gold steadied after a volatile session on Wednesday as traders assessed the outlook for Jerome Powell’s tenure as Federal Reserve chair after more speculation that President Donald Trump may axe him.

Dixon Technologies has transferred its entire stake in DTSPL in exchange for an 8.75% equity stake in its joint venture (JV) company.

The company has signed a business transfer agreement with the JV to shift its lighting business through a slump sale.

Meanwhile, Signify has invested ₹140.3 crore in the JV for a 49.12% stake and has also transferred its Vadodara-based LED business.

THURSDAY CUES

DII Net Buy 1,223.55  Cr in Cash mkt

FII Net Sell 1,858.15 Cr in Cash mkt

Stocks in Focus

Results Today

Wipro, Axis Bank, LTIMindtree Ltd, Jio Financial Services, 360 ONE WAM, Indian Hotels, Polycab, Waaree Renewable

Mutual Funds trimmed their holdings in companies such as PFC, HUDCO, SBI, and private sector names like TCS and JSW Infra in June, according to Nuvama Alternative & Quantitative Research data.

Read Full Article

Big Bank earnings may be over in the US, but they begin in India now, with Axis Bank kickstarting proceedings later this evening. Wipro and Jio Financial Services are some other Nifty 50 index names reporting today.

Brent rose toward $69 a barrel after shedding more than 2% over the previous three sessions, while West Texas Intermediate was near $67. US government data released on Wednesday was mixed, with a climb in distillate inventories but a drop in nationwide crude holdings.

Key Levels & Cues Before Market Opens

Shares in Japan and South Korea declined while MSCI’s broader gauge of Asian equities was flat. A gauge of the dollar edged up 0.1% after weakening in the prior session. Treasuries dipped marginally with yields on the 10-year rising almost 1 basis point to 4.46%.

 #CNBCTV18Market | #GIFTNifty higher, trading at a premium of more than 20 pts from Nifty Fut Wednesday’s close, indicates a start in the green for the Indian market pic.twitter.com/ZF7nPvmvjU

— CNBC-TV18 (@CNBCTV18Live) July 17, 2025

NewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.