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The shares of Shoppers Stop surged after the company announced its Q1 results.

Shoppers Stop Q1 Results

Ajit Kumar, Lead-BFSI Research Analyst at JM Financial Institutional Securities, said Axis Bank‘s Q1 FY26 results were disappointing, mainly due to asset quality issues with ₹2,500 crore in additional slippages, though over 80% are secured and likely to see recovery later.

Operational metrics like loan growth and NIM were in line, and PPOP beat estimates due to treasury gains.

Despite the weak quarter, valuations are attractive, and JM Financial maintains a Buy with a ₹1,000 target, advising to buy the dip.

The shares of cable and wire company RR Kabelsurged by 3% on Friday. The marked the 5-straight session of gains for the company shares.

Wipro is hoping new deals will lead to a stronger second half of the fiscal year. Srini Pallia, the company’s newly appointed CEO, highlighted that the IT major clocked $5 billion in total bookings in quarter one, including $2.75 billion in large deals.

The shares of SP Group’s Afcons Infra rose after the company announced that it has been declared the Lowest Bidder (L1) in two different packages by Croatian Motorways Ltd for Construction of Roads – Package J324/23 and Package -J325/23 in the Republic of Croatia.

Tatva Chintan Pharma‘s shares rose by up to 12% on Friday, July 18, after it was revealed that a well-known investor had taken a stake in the company.

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The shares of Polycab surged by over 2% after the company announced its Q1 results.

Polycab Reports Earnings

Metal shares are up today, and Jindal Stainless stands out with its stock rising by almost 3%, showing strong buying interest in the sector.#CNBCTV18Market | Metal stocks higher, #JindalStainless up nearly 3% pic.twitter.com/OQl5b7uYb3

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

The shares of IT giant Wipro rose after its Q1 results.

Wipro Reports Results

The shares of Ceat declined after it reported it’s Q1 results

CEAT Q1 Results

Axis Bank‘s shares dropped over 5% after it reported disappointing April to June quarter of 2025 (Q1FY26) results.

The bank also showed a decline in asset quality, raising concerns among investors.

Clean Science Q1 Results 

Market opens largely lower, Nifty nearly below 25,100, NiftyBank down over 300 pts

 #AWLAgriBiz Large Trade | 13.5 cr shares (10.4% eq) change hands in block deal window pic.twitter.com/wtntqx2ESV

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

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.

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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.

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