Stocks to Watch: Shares of several companies will remain in focus on Friday (July 25) including Wipro, Canara Bank, Nestle India, Reliance Power, Reliance Infra, REC, NTPC, etc. On Thursday, equity markets fell, with the benchmark Sensex tumbling 542.47 points, amid profit-taking in blue-chip stocks and foreign fund outflows. Despite a positive start, the 30-share BSE Sensex failed to carry forward the momentum and fell later in the trade.
The benchmark tanked 542.47 points, or 0.66 per cent, to settle at 82,184.17. During the day, it tumbled 679.42 points, or 0.82 per cent, to 82,047.22. As many as 2,410 stocks declined, while 1,645 advanced and 166 remained unchanged on the BSE.
Wipro
IT services firm Wipro on Thursday said it has bagged a multi-year strategic contract from Saudi Electricity Company (SEC)’s wholly-owned subsidiary National Grid to design and implement a Smart Meter Data Management (MDM) system. Wipro will be responsible for designing, developing, implementing, and supporting a robust MDM system for the Saudi national electricity transmission network, the company said in a statement.
SBI Life Insurance
SBI Life Insurance reported a 14 per cent growth in net profit to Rs 590 crore for the June quarter of the current financial year. The company’s profit after tax stood at Rs 520 crore in the April-June quarter of previous financial year. The total income of the company improved to Rs 38,696 crore as against Rs 34,392 crore in the same period a year ago, SBI Life Insurance said in a regulatory filing. New business premium of the insurance firm rose to Rs 7,270 crore during the period under review compared to Rs 7,033 crore in the June 2024 quarter.
UTI Asset Management Company
UTI Asset Management Company (AMC) posted a 7 per cent decline in its consolidated profit after tax to Rs 237 crore for the quarter ended June 2025. The company had posted a profit after tax of Rs 254 crore in the same quarter of the preceding fiscal (2024-25). Its revenues from operations rose 3 per cent to Rs 547 crore in the quarter under review from Rs 529 crore in the April-June quarter of FY25, according to an exchange filing.
Canara Bank
Canara Bank posted a 22 per cent growth in standalone net profit to Rs 4,752 crore during the first quarter of the current financial year, supported by a decline in bad loans. The Bengaluru-based bank had earned a net profit of Rs 3,905 crore in the same quarter of the previous fiscal year. The total income rose to Rs 38,063 crore during the June quarter from Rs 34,020 crore in the same quarter of FY25, Canara Bank said in a regulatory filing.
Aether Industries
Aether Industries on Thursday reported a 57 per cent jump in its consolidated profit after tax to Rs 47.02 crore in the June quarter. Its profit after tax (PAT) stood at Rs 29.93 crore during the corresponding period of the preceding fiscal, the company said in a regulatory filing. Revenue from operations of the company witnessed 42 per cent growth during the quarter under review at Rs 256.13 crore against Rs 180.01 crore in the same period a year ago.
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Nestle India
Nestle India Ltd reported a 13.4 per cent decline in consolidated net profit to Rs 646.59 crore for the June 2025 quarter, mainly impacted by high commodity prices. The company had posted a net profit of Rs 746.6 crore a year ago, according to a regulatory filing by Nestle India, which owns popular brands such as Maggi, NESCAFE and KitKat. Its revenue from the sale of products increased 5.86 per cent to Rs 5,073.96 crore in the April-June quarter. It was Rs 4,792.97 crore in the corresponding period of the last financial year.
Reliance Power, Reliance Infra
Shares of Reliance Power, Reliance Infra will remain in focus following raids by the Enforcement Department on Thursday. The raid was a part of an alleged Rs 3,000 crore loan fraud relating to a money laundering case against the companies linked to Reliance Group Chairman Anil Ambani.
REC
State-owned REC Ltd posted a 29 per cent rise in its consolidated net profit to Rs 4,465.71 crore June quarter compared to the year-ago period, mainly on the back of higher revenues. The company had reported a consolidated net profit of Rs 3,460.19 crore in the quarter ended on June 30, 2024, a BSE filing stated. Total income rose to Rs 14,823.98 crore in the quarter from Rs 13,092.44 crore in the same period a year ago.
NTPC
NTPC on Thursday said it has received shareholders’ approval to raise up to Rs 18,000 crore through issue of non-convertible debentures on a private placement basis. The fund will be raised in up to 12 tranches, through a private placement during the period commencing from the date of passing of the special resolution till completion of one year thereof, according to a regulatory filing.
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CG Power and Industrial Solutions
CG Power and Industrial Solutions on Thursday posted nearly 11 per cent increase in its consolidated net profit to Rs 267 crore in the June quarter compared to a year ago, mainly on the back of higher revenues. Aggregate sales for the quarter were up at Rs 2,878 crore at a growth of 29 per cent compared to Rs 2,228 crore in the same period a year ago, stated a company statement. According to the statement, consolidated profit after tax (PAT or net profit) was 11 per cent higher at Rs 267 crore for the quarter as against Rs 241 crore in Q1FY25.
Aditya Birla Sun Life AMC
Aditya Birla Sun Life AMC, part of Aditya Birla Capital, on Thursday posted an 18 per cent increase in profit after tax to Rs 277.1 crore for the three months ended June 2025. In comparison, the asset management firm had posted a profit after tax (PAT) of Rs 236 crore in the same quarter of the preceding fiscal. The company’s revenue from operations rose 16 per cent to Rs 447.4 crore in the quarter under review from Rs 386.6 crore in the April-June quarter of the preceding fiscal (2024-25), Aditya Birla Sun Life AMC (ABSL AMC) said in a regulatory filing.
ACC
Cement maker ACC Ltd on Thursday reported a 4.35 per cent increase in its consolidated net profit to Rs 375.42 crore for the June 2025 quarter, helped by volume gains and operational efficiencies. The company had posted a profit of Rs 359.74 crore in the April-June quarter a year ago, according to a regulatory filing by ACC, now a part of Adani Cement. Its revenue from operations rose 18 per cent to Rs 6,035.11 crore. It was Rs 5,113.05 crore in the corresponding period a year ago. ACC’s total expenses in the June quarter surged 16.84 per cent to Rs 5,594.25 crore.
Indian Bank
State-owned Indian Bank on Thursday posted a 24 per cent rise in net profit to Rs 2,973 crore in the first quarter of the current financial year. The Chennai-based lender had earned a net profit of Rs 2,403 crore in the same quarter of the previous fiscal year. The total income rose to Rs 18,721 crore during the June quarter of 2025-26 from Rs 16,945 crore in the same period of FY25, Indian Bank said in a regulatory filing.
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Bikaji Foods
Snacks manufacturer Bikaji Foods International Ltd has reported a 1.3 per cent increase in consolidated net profit to Rs 58.52 crore in the quarter ended in June 30, of this financial year. The company had posted a consolidated profit of Rs 57.77 crore in the April-June quarter a year ago, according to a regulatory filing from Bikaji Foods. Its revenue from operation was up 14.86 per cent to Rs 637.05 crore in the June quarter. It was at Rs 554.59 crore a year ago. Total expenses of Bikaji Foods in the June quarter were up 16.7 per cent to Rs 584.09 crore.
(With inputs from PTI)
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