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HDFC AMC Q1

Net Profit rises to ₹748 crore, compared to ₹604 crore, Up 24%

Revenue rises to ₹968 crore in the quarter, compared to ₹775 crore, a jump 25%

Experts have different opinions on inflation and economic growth. With June inflation (CPI) falling to a 6.5-year low of 2.1%, many economists have lowered their full-year inflation forecast to around 3.2–3.3%, below the RBI’s 3.7% estimate. Some expect another interest rate cut, but not as soon as August. Meanwhile, bankers and bond traders are closely watching the RBI’s approach to managing liquidity in the system.

Saugata Bhattacharya, Senior Fellow, Centre for Policy Research on CNBC-TV18

Neeraj Gambhir, Axis Bank on CNBC-TV18

Samiran Chakraborty, Chief Economist, Citi India, on CNBC-TV18

Vinay Rajani of HDFC Securities

Buy ITC for a target price of ₹440 with a stop loss of ₹415

Buy LIC Housing Finance for a target price of ₹660 with a stop loss of ₹625

Nifty Banking index declines

Newgen Software‘s shares dropped by up to 6% on Thursday after the company reported disappointing results for the June quarter.

Compared to last year, its profit before expenses like interest and tax (EBITDA) fell by 6% to ₹45 crore.

The company’s profit margin also slipped slightly from 15% to 14%, indicating weaker overall performance.

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South Indian Bank Q1

Nitin Gupta, former chairman of CBDT, has been appointed as chairperson of NFRA for a period of three years.

State-run Housing & Urban Development Corporation Ltd. (HUDCO) informed the exchanges on Thursday, July 17, that it is considering a fund raising proposal up to ₹3,000 crore.

The fundraising will be done through the issuance of unsecured, redeemable, Non-Convertible Debentures on a private placement basis.

Shares of Sona BLW Ltd. surged as much as 7.5% on Thursday, July 17, after sources in the know told CNBC-TV18 that the company is in advanced talks to supply electric vehicle components to Chinese EV manufacturer BYD.

Newgen Software Q1

Net Profit (GU)4% At ₹50 Cr Vs ₹48 Cr (YoY)

Revenue (GU)2% At ₹321 Cr Vs ₹315 Cr (YoY)

EBITDA (RD)6% At ₹45 Cr Vs ₹48 Cr (YoY)

Margin At 14% Vs 15% (YoY)

Zaggle Prepaid Bags Order From Tyger Capital

As the market progresses at a sluggish pace on Thursday, here are some stocks recommendations at this hour.

Ajit Mishra, SVP – Research at Religare Broking

Buy Hero Motocorp for a target price of ₹4,620 with a stop loss of ₹4,380

Buy NTPC for a target price of ₹356 with a stop loss of ₹338

The planned merger between Max Financial Services and its insurance arm, Axis Max Life, has hit a roadblock.

A committee led by former SBI Chairman Dinesh Khara, set up by the insurance regulator IRDAI, has recommended against allowing such mergers between insurance and non-insurance companies.

According to sources, the committee raised concerns that such mergers could put policyholders at risk and has submitted a confidential report advising the regulator not to approve them.

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Some of the biggest volume buzzers, in terms of higher-than-average movement in volume in today’s trade, include these stocks

PNC Infra  –  21.68 times

Agri AWL  –  10.11 times

Thermax  –  9.60 times

Godawari Power  –  7.55 times

Sona BLW  –  4.82  times

Patanjali Food Board approves a bonus in the ratio of 2:1

The company shares are trading at around ₹1,860 per share on Thursday.

According to a report by Jefferies, a brokerage firm, the shares of ITC Hotels Ltd. could go up by another 13% from their current price. This means Jefferies expects the stock to gain more value soon.

Jefferies has maintained its “buy” rating on the stock and raised its price target to ₹270, up from ₹240.

The stock had closed at ₹238.49 in the previous session, which was close to Jefferies’ earlier target.

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SEBI Member Ananth Narayan, Says

Sona BLW is in advanced talks to supply electric vehicle (EV) parts to BYD, one of the world’s largest EV makers. These talks have been going on for a few months.

As part of this potential deal, Sona BLW may also set up a manufacturing plant in China to make components locally. This move would be part of a long-term partnership plan with BYD.

Currently, 35% of Sona BLW’s revenue (as of Q4FY25) comes from the EV segment, with Tesla being a major customer.

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#CNBCTV18Market | UPL extends gains, stock up over 3% pic.twitter.com/ZXzvRhWhvq

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

Vishal Malkan of Malkansview.com

Buy Laurus Labs with a stop loss of ₹805 and a target of ₹845-865

Buy AB Capital with a stop loss of ₹262 and a target of ₹285-295

Ketan Kumar Joshi has officially taken over as the Chief Financial Officer (CFO) of J&K Bank starting today.

Fayaz Ahmad Ganai has stepped down from the CFO role.#CNBCTV18Market | MAX FIN FOCUS

IRDAI-appointed Panel recommends not allowing merger between Insurers & Non-insurers: Sources to @YashJain88

Alert: Max Fin was hopeful of getting IRDAI approval for the merger of Max Fin & Max Life pic.twitter.com/JVvAbPOW4l

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

Oil Minister Says

Planning To Buy More Crude From Brazil

Oil Markets Are Well Supplied, Prices Will Fall#CNBCTV18Market | PSU Banks lower, #UnionBank down over 2% pic.twitter.com/csnc723Bln

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

Aloke Bajpai, Chairman, MD & Group CEO of Le Travenues Technology (ixigo) on CNBC-TV18#CNBCTV18Market | L&T Tech Services rebounds from the lows, now up over 3% pic.twitter.com/Wrs0KvuTav

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

Sterlite Technologies has partnered with Hygenco to set up Maharashtra’s first green hydrogen and oxygen plant.

This plant will support the company’s optical fibre manufacturing, making the process more eco-friendly.

In the April–June 2025 quarter, ABB Global’s orders from the India region fell by 9% compared to the same period last year.

However, this may not strongly impact ABB India, because:

Former SBI Chairman Dinesh Khara says that it may be difficult for foreign banks to fully participate in India unless they are given enough voting rights (influence in decision-making).

Abizer Diwanji from NeoStratAdvisorsLLP adds to the discussion, saying that India doesn’t need a large number of small banks, but instead needs a few big banks that can support its large and growing economy. He also suggests that the time has come to treat Indian and foreign banks the same and remove the distinction between them.

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