Stocks to Watch on Friday, July 11: TCS, Tata Elxsi, HUL, PC Jeweller, Krystal Integrated Services, LIC, Oil India and more
Sliding for the second straight session, the 30-share BSE Sensex dropped 345.80 points or 0.41 per cent to settle at 83,190.28. During the day, it declined 401.11 points or 0.48 per cent to 83,134.97.
As many as 2,064 stocks declined, while 1,959 advanced and 138 remained unchanged on the BSE. On similar lines, the 50-share NSE Nifty declined 120.85 points or 0.47 per cent to 25,355.25.
Hindustan Unilever Limited (HUL) on Thursday appointed Priya Nair as the MD & CEO of the Company for a term of 5 (five) consecutive years. In a regulatory filing, the company said, 'based on the recommendation of the Nomination and Remuneration Committee, approved the appointment of Ms. Priya Nair (DIN: 07119070) as the MD & CEO of the Company for a term of 5 (five) consecutive years with effect from 1st August, 2025 till 31st July, 2030, in succession to Mr. Rohit Jawa.'
Tata Elxsi on Thursday reported a 21.5 per cent decrease in consolidated net profit to Rs 144.36 crore in the April-June quarter of FY26 on account of macroeconomic uncertainties and industry-specific issues impacting R&D spend and decision-making. It had logged a profit of Rs 184.07 crore in the year-ago period, according to a regulatory filing. Revenue from operations dropped by 3.7 per cent to Rs 892.2 crore in the first quarter of 2025-26 compared to Rs 926.45 crore in the same quarter of FY25.
Country's largest IT services company TCS reported a 6 per cent rise in its June quarter net profit at Rs 12,760 crore. The Tata group company had posted a net profit of Rs 12,040 crore in the corresponding period last year. The company's revenue inched up by 1.3 per cent to Rs 63,437 crore from Rs 62,613 crore in the year-ago period, but was down 3 per cent on a constant currency perspective.
Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) entered into a long-term pact with Petronet LNG Ltd for regasification of Liquefied Natural Gas (LNG). DFPCL, along with its step-down subsidiary Performance Chemiserve Ltd (PCL), have entered into the agreement for a period of five years. Under the terms of the agreement, Petronet LNG will regasify approximately 25 TBTUs (Trillion British Thermal Units) of LNG annually, post an initial ramp-up period, primarily at its Dahej terminal, DFPCL said in a regulatory filing.
PC Jeweller Ltd's board has approved a plan to raise Rs 500 crore equity from promoters and Capital Ventures Pvt Ltd to prepay its loan, as part of its plan to become debt free by the end of this fiscal.
Delhi-based PC Jeweller has a total of 52 showrooms, of which 49 are company-owned. In a regulatory filing on Thursday, the company informed that the board approved raising of funds up to Rs 500 crore by way of preferential allotment on private placement basis.
Anand Rathi Wealth reported a 28 per cent jump in profit after tax (PAT) to Rs 94 crore for the three months ended June 2025. The company had posted a PAT of Rs 73.4 crore in the same quarter of the preceding fiscal, Anand Rathi Wealth said in a statement. The total revenue rose 16 per cent to Rs 284.3 crore in the April-June quarter of FY26 from Rs 245.4 crore in the year-ago period.
Krystal Integrated Services has secured a significant contract from the Airports Authority of India (AAI) for the new terminal building of Jay Prakash Narayan International (JPNI) Airport in Patna. Valued at approximately Rs 20.26 crore, the three-year contract underscores Krystal's expanding footprint in managing critical public infrastructure.
Birla Corporation has been declared as the 'Preferred Bidder' for grant of mining lease for Tadas Limestone Block-II District Nagaur on the highest final price offer of 63.50% submitted by the Company. The aforesaid block is situated in District Nagaur, Rajasthan over an area of 160.3882 hectares, the company said in a filing.
According to PTI, the government is working on further stake sale in Life Insurance Corporation (LIC) and the disinvestment department would work out finer details of the transaction. The government currently holds 96.5 per cent stake in LIC.
Oil India Ltd has signed a long-term agreement to sell natural gas produced from a Rajasthan field to GAIL (India) Ltd for 15 years. Under the agreement, which is effective July 1, up to 9,00,000 standard cubic metres per day of natural gas will be supplied from Oil India's Bakhri Tibba block in Rajasthan to a power plant operated by the state's electricity generation company.
As per PTI report, the strategic sale of IDBI Bank is likely to be concluded by October and the government has discussed the share purchase agreement, which will be given to bidders putting in financial bids. The privatisation of IDBI Bank has been in process for close to three years now.
(With inputs from PTI)
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