News

Axis Bank

The Indian rupee started the day at 86.01 against the US dollar, slightly stronger than Thursday’s closing rate of 86.08.#RupeeCheck | Rupee opens at 86.02/$ vs Thursday’s close of 86.08/$ pic.twitter.com/niGJ4VBgk9

— CNBC-TV18 (@CNBCTV18Live) July 18, 2025

Market Watch: Siddhartha Khemka, Hd-Research, Wealth Mgmt, Motilal Oswal Fin Svcs

Wipro

HSBC has updated its views on HDFC Asset Management Company and LTIMindtree post the April to June quarter of 2025 (Q1FY26) results.

It maintained a Hold on HDFC AMC with a higher target, citing stable performance and strong trading gains. For LTIMindtree, HSBC kept a Buy rating, highlighting solid fundamentals and potential for faster growth than large IT peers.

On HDFC AMC

On LTIMindtree

ACME Solar | Signs Battery Energy Storage Purchase Agreements With NHPC

Wipro To CNBC-TV18

Prashant Paroda, Allspring Global Investments On CNBC-TV18

Nuvama has a buy rating on Polycab India with a target price of ₹7,950. Its cables and wires (C&W) segment grew 33% year-on-year, with cables growing faster than wires.

Even though fan sales were weak, the Fast-Moving Electrical Goods (FMEG) business still saw an 18% rise in revenue.#CNBCTV18Market | #Nuvama‘s buy call on #Polycab: Target at ₹7,950/sh, C&W grew 33% YoY, with cables outgrowing wires growth. Despite weak fans growth, FMEG revenue grew 18% YoY pic.twitter.com/RAx6L51FTr

— CNBC-TV18 (@CNBCTV18Live) July 18, 2025

On Friday, July 18, shares of Indian solar companies Waaree Energies and Premier Energies may see attention after US solar manufacturers filed trade complaints against India, Indonesia, and Laos.

They claim that Chinese-owned companies in these countries are breaking trade rules.

Read Full Article

Gautam Badalia has stepped down as the CEO of Route Mobile, effective July 17, 2025.

The board has approved the appointment of Rajdipkumar Gupta as the new Managing Director and CEO, starting July 18, 2025.#1QWithCNBCTV18 | Route Mobile Q1 Update:

▶️Gautam Badalia resigns as the CEO w.e.f July 17, 2025

▶️Board approves re-designation of Rajdipkumar Gupta as the MD & CEO of the co w.e.f July 18, 2025

–Net profit down 27.6% at ₹58.8 cr vs ₹81.2 cr (YoY)

–Revenue down 4.8% at… pic.twitter.com/IGuCGnOlIR

— CNBC-TV18 (@CNBCTV18Live) July 18, 2025

Nuvama Institutional Equities has shared its latest views on key stocks, adjusting ratings and targets based on the April to June quarter of 2025 (Q1FY26) performance and market trends.

On Axis Bank

On HDFC Asset Management Company

On Indian Hotels

Bullion traded below $3,340 an ounce in early Asian hours, heading for a 0.5% drop on the week. That came after data that showed applications for unemployment benefits fell for a fifth straight week to the lowest level since mid-April, and advancing retail sales in June.

Veranda Learning Solutions launches QIP, confirming the news first reported by CNBC-TV18.

The company has initiated a ₹380 crore fundraise through a Qualified Institutional Placement (QIP), priced at ₹225.20 per share — a 15.31% discount to the current market price.

The funds will be used to repay its subsidiary’s debt and support overall business requirements.

Reliance Jio is expected to show a small rise in revenue and profit for the April to June quarter of 2025 (Q1 of FY26).

This is mainly due to more people joining its network and a slight increase in how much each user spends, as per a CNBC-TV18 poll.

Disclosure: Reliance Industries Ltd, which owns Jio, is the sole beneficiary of Independent Media Trust that controls Network18, the parent company of CNBCTV18.com.

Read Full Article

Netflix Inc., a part of the famed FAANG, or now known as MAANG group of stocks, performed better than expected in the April–June quarter of 2025 and even increased its forecast for the full year.

Despite the strong results, the company’s stock fell in after-hours trading.

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GIFT Nifty flat, trading at a premium of more than 30 pts from Nifty

 #CNBCTV18Market | #GIFTNifty flat, trading at a premium of more than 30 pts from Nifty Fut Thursday close, indicates a muted start for the Indian market pic.twitter.com/uCFfC6mhOO

— CNBC-TV18 (@CNBCTV18Live) July 18, 2025

Route Mobile reported a weak April to June quarter of 2025 (Q1FY26) performance with net profit falling 27.6% year-on-year (YoY) to ₹58.8 crore from ₹81.2 crore.

Revenue also dipped slightly by 4.8% to ₹1,050.8 crore. Operating profit (EBITDA) declined 24% to ₹94 crore compared to ₹123.7 crore last year.

The company’s margin dropped to 8.9% from 11.2%, indicating reduced profitability.

Friday Cues

Fund Flow on Thursday

FIIs Net Sell `3,694.31 Cr In Equities

DIIs Net Buy `2,820.77 Cr In Equities

Stocks In Focus

Axis Bank: ‘Technical Impact’ leads to big surge in slippages; NIM falls 17bps QoQ; Advance growth 8%

Wipro: Mixed quarter – CC growth down 2%, Q2 guidance at -1 to +1% but deal wins strong

Indian Hotels Q1: Profit up19.5% Revenue up 31.7% ; EBITDA up 28.1%

Results Today:

RIL, JSW Steel, L&T Finance, Bandhan Bank, Hindustan Zinc

Asian stocks made a modest gain at the open Friday as a global equity rally gained fresh vigour on strong economic data that eased concerns about the US economy.

The yen steadied as Japan’s key price measure cooled a tad more than expected while remaining well above the Bank of Japan’s target.

Oil held a gain after US data showed the world’s largest economy holding up despite the fallout from the Washington-led trade war, while crude market metrics pointed to near-term tightness.

From Friday, July 18, shares of Samvardhana Motherson International, the auto components supplier, will reflect the bonus shares issued.

This means the stock price will be adjusted to account for the extra shares given to existing shareholders.

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Market Setup for Friday’s Session

Godrej Properties has purchased a 48-acre land plot in Doddaballapur, a growing suburb of Bengaluru, to expand its development portfolio.

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