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Informist, Wednesday, Jul. 22, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Oracle Financial Services down 1% ahead of June qtr earnings

 

MUMBAI--1010 IST--Shares of Oracle Financial Services fell over 1% ahead of the company's June quarter earnings, scheduled to be announced later in the day. The company is expected to report a sharp jump in its bottom line for the quarter, supported by strong operating leverage and higher revenue. 

 

At 0955 IST, the stock was down 0.3% at INR 11,592. So far in the day, around 64,000 shares of the company changed hands on the National Stock Exchange, compared to nearly 42,000 till the same time Tuesday. 

 

The information technology solutions provider is expected to report a consolidated net profit of INR 13.58 billion for the reporting quarter, up 56% on quarter and 112% on year, according to Dolat Capital Market Pvt. Ltd. The company's top line for the quarter is expected to jump 45% sequentially and 62% on year to INR 29.96 billion, the brokerage said. Revenue growth for the quarter is expected to be supported by strong growth in licence sales with the inclusion of a $100-million licence win, the brokerage said. 

 

The company's operating margin for the quarter is expected to expand around 1000 basis points sequentially to 73.6%, supported by strong operating leverage, the brokerage said. Dolat Capital has a "buy" recommendation on the stock with a target price of INR 9,800, indicating a downside of over 15% from the current market price. (Arya S. Biju)

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Equity Alert: Open lower as oil prices rise to $90/bbl; generic drug cos dn

 

MUMBAI--0940 IST--Domestic equity indices opened lower, extending losses for a third straight session, as crude oil prices climbed above $90 a barrel on further escalation in the US-Iran war. The Nifty 50 index stayed only some points above the 24000 level, with only seven stocks higher in early trade.

 

At 0927 IST, the Nifty 50 was at 24072.70, down 115 points or 0.5% from Tuesday's close. The BSE Sensex was at 77050.17, down 419.94 points or 0.5%. India VIX, the volatility index, rose nearly 3% to 12.9450 points, after falling for the past two sessions. Broader market indices were also in line with benchmark peers, with the Nifty smallcap 50 down 1%. The other indices in the broader market were down around 1?ch.

 

Barring the Nifty Auto, all sectoral indices were down in early trade. The Nifty Pharma and Nifty Healthcare sectors were the major losers, down nearly 2?ch, after US President Donald Trump early Wednesday said generic companies would face 100% tariffs on drugs brought to the US from August 2028 if they fail to move their manufacturing to the US. According to his post on Truth Social, the tariff would be doubled to 200% in August 2029.

 

InterGlobe Aviation was the top loser among Nifty 50 members, down over 3%. The stock fell after crude oil prices rose to over $92 a barrel. Major generic drug companies fell in the 50-stock index following Trump's announcement. Cipla was down over 2%, while Sun Pharmaceutical Industries declined over 1%. Max Healthcare Institute and Dr.Reddy's Laboratories were also down over 1?ch. In the Nifty 200 index, Lupin, Aurobindo Pharma and Alkem Laboratories were down around 3?ch.

 

Bandhan Bank and Anthem Biosciences were the major drags in the Nifty 500 index. Shares of Bandhan Bank were down nearly 14% as the bank sees its net interest margin declining slightly over the next two quarters. Anthem Biosciences was down nearly 6?ter the company reported a 23% on-year fall in its June quarter net sales.

 

Bajaj Auto, Oil and Natural Gas Corp., Nestle India, Titan Co., Eternal, Maruti Suzuki India, and Asian Paints were the sole gainers in the 50-stock index. Shares of Bajaj Auto rose after the company said it planned to overhaul its motorcycle segment housing two-wheelers with an engine capacity exceeding 125 cubic centimetres over the next six weeks.  (Arundathi A R)

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Equity Alert: Brokerages positive on Bajaj Auto; co's Q1 sales up 37% on yr

 

MUMBAI--0905 IST--Most brokerages see strong revenue growth for Bajaj Auto going forward after the company detailed its June quarter earnings on Tuesday. For Apr-Jun, the automaker reported a 42% on-year jump in its bottom line at INR 29.83 billion and a 37% jump in revenues at INR 172.44 billion, beating the Street's view. The performance was driven by strong sales volumes across segments and a rise in realisations due to an uptick in the average selling price.

 

Emkay Research raised its target price on the stock by over 5% to INR 13,700 and retained its "buy" recommendation, citing the automaker's strong demand outlook and resilient margins. For the June quarter, the automaker reported an earnings before interest, tax, depreciation, and amortisation margin of 20.9%, against 19.7% a year ago. The brokerage also estimates compounded annual growth of 12% in volume, 15% in revenue, and 16% in earnings per share over financial year 2025-26 (Apr-Mar)–FY29.

 

Nirmal Bang Institutional Equities also maintained its "buy" recommendation on the automaker's stock with a target price of INR 12,941 while valuing its core business at 26 times the earnings per share estimate for June 2028. The brokerage attributes its positive view to the company's strong electric vehicle volumes, which has helped the automaker gain market share in both the two-wheeler and three-wheeler segments during the second half of FY26. Further, the brokerage sees market share recovery in the domestic segment for vehicles with engine displacement of over 125 cubic centimetres, driven by sustained product upgrades and focused marketing. It also expects the strong momentum in exports to sustain, supported by continued gains in market share.

 

Brokerage Nuvama Institutional expects the company's launch pipeline and exports to aid growth. The brokerage raised its target price on the stock to INR 12,000 from INR 11,600 and retained its "buy" recommendation. It forecasts compounded annual growth of 12% in the automaker's volumes over FY26–FY28, led by 8% growth in the domestic and 16% growth in the export segment. The brokerage foresees a recovery in domestic two-wheeler market share to 11% in FY28 from 10.7% in FY26, supported by new products – a new 150cc Pulsar, 10 refreshes across the 160cc–400cc range, a new 125cc Pulsar and two all-new brands in the 125cc segment.(Shruti Nair)

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Equity Alert: To open dn as oil prices rise above $90/bbl on US-Iran strikes

 

MUMBAI--0825 IST--Domestic equity indices are expected to open lower Wednesday as oil prices climbed above $90 a barrel. Market sentiment dampened after US attacks on Iran for the 11th consecutive night, and due to the consequent rise in crude oil prices. Market participants will watch out for the June quarter earnings of Nifty 50 stocks Dr. Reddy's Laboratories, Nestle India, and Eternal, due later in the day.

 

The July contract of the GIFT NIFTY indicated a negative open for the market. At 0820 IST, the GIFT Nifty was largely flat at 24106, and down over 80 points from the Nifty 50's close of 24187.70 on Tuesday. "As long as the index sustains above the breakout zone, it has the potential to advance towards the 24500 and 25000 levels in the coming weeks," Sundar Kewat, technical and derivatives analyst at Ashika Institutional Equity Research, said. "On the downside, 24000 remains the immediate support, followed by a stronger support at 23800. Any corrective decline towards these levels is likely to attract fresh buying interest and should be viewed as a buy-on-dips opportunity," he said.

 

On the earnings front, shares of Bajaj Auto will be in focus after the company, in a post-earnings call Tuesday, said it aims to increase its manufacturing capacity across segments by 20% in two phases by the end of the financial year 2026-27 (Apr-Mar), starting with a 10% increase in the next three-four months. The company reported the highest on-year rise in its top line in 20 quarters in Apr-Jun, owing to robust sales volume across segments and improved realisations on the back of a slight increase in the average selling price of vehicles. Its net profit for the quarter also rose at its fastest pace in 20 quarters. Both the metrics of the company beat the Street's view. Shares of the company ended over 1% lower Tuesday.

 

Nestle India is expected to post a net profit of INR 7.71 billion, up 17% on year. Its top line is seen rising over 18% on year to INR 60.15 billion. The company is likely to report strong volume growth, owing to continued demand momentum across urban and rural India.

 

Earnings of pharmaceutical major Dr. Reddy's Laboratories are likely to be dragged down by lower contribution from the diabetes and obesity drug semaglutide. The company is likely to report a consolidated net profit of INR 7.8 billion for the reporting quarter, down nearly 45% from the corresponding quarter a year ago. Its top line is expected at INR 82.8 billion, down over 3% on year.

 

Eternal is expected to report a consolidated net profit of over INR 3 billion and consolidated revenues of over INR 197 billion for the June quarter. Strong growth in its quick-commerce grocery delivery business under the Blinkit brand and optimal growth in the food delivery business, primarily on account of dark store additions, are expected to help the company report strong revenue and profit growth in the June quarter.

 

Most Asian equity indices were higher in early trade, with South Korea's KOSPI gaining the most, up nearly 6%. All the three major US indices settled around 1% higher on Tuesday as better-than-expected earnings of blue-chip companies supported market sentiment.  (Arundathi A R)

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Equity Alert: Asian markets open higher, KOSPI up almost 6%

 

MUMBAI--0745 IST--Markets in Asia opened higher Wednesday as investors followed the rebound of chip stocks in the US markets. South Korea's KOSPI lead the gains and rose almost 6%. Index heavyweights SK Hynix and Samsung Electronics rose 6% and 8%, respectively. The small cap Kosdaq rose 2%. Japan's Nikkei rose nearly 2%. 

 

The Japanese yen weakened to a four-decade low of 163.15 per dollar Wednesday. The country's Finance Minister, Satsuki Katayama, said that the country was ready to take "decisive action", if needed, Reuters reported.

 

"Intervention risks are basically a reality every day," CNBC quoted Dominic Schnider, head of Commodities and APAC Forex at UBS. He told CNBC's "Squawk Box Asia" that Japan's authorities are likely to remain on alert over excessive yen weakness, but argued strong action from the Bank of Japan would be needed to stabilise the currency.

 

Japan's exports grew at their fastest pace in June since November 2022, rising 19.3% from a year earlier, CNBC reported. The exports were boosted by shipments of semiconductor equipment and a weak yen. The growth in exports beat the expectations of 18.6% rise from economists polled by Reuters, and was higher than 16.8% seen in May. Shipments to Asia rose 22.7% and exports to Taiwan jumped 46.4%. Exports to China increased 17.6% and shipments to the US rose 13% on year.

 

Following are the levels of key indices in the region at 0745 IST: 

 

Index	Level	Change in %
Nikkei 225 Day	67517.28	1.9
TOPIX FIRST SECTION	4067.66	1.3
S&P/ASX 200 Index	8811.6	0.2
KOSPI Index	7151.46	6.0
Hang Seng Index	24989.56	(-)0.6
CSI 300 Index	4754.78	0.3
FTSE Singapore Strait Times	5488.57	(-)0.7

 

(Deesha Jadhav)

 

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Equity Alert: US mkts close up after better-than-expected corporate earnings

 

MUMBAI--7000 IST--Main indices in the US closed higher Tuesday as better-than-expected earnings from blue chip companies such as 3M and General Motors boosted market sentiment. The Nasdaq Composite led the gains and closed more than 1% higher. Chipmaker VanEck Semiconductor ETF rebounded 4?ter falling almost 9% Monday. 

 

A rebound in semiconductor stocks supported the Philadelphia SE Semiconductor Index. The index closed 5.2% higher, recovering from the 20?ll Friday. Investors weighed whether the strong demand for Artificial Intelligence infrastructure and software will continue to justify the elevated valuations across the technology sector ahead of earnings.

 

"Q2 earnings season is ramping up, but with most hyperscalers yet to report, the market is still waiting for the definitive read on how AI investment is being monetized and translated into future capital spending," CNBC quoted Julia Hermann, global market strategist at New York Life Investment Management, as saying.

 

Software company Pegasystems shares fell 12?ter the company reported second quarter results which fell short of the Street's expectations. Investors await earnings from ServiceNow, International Business Machines, Tesla, Texas Instruments, Alphabet, and American Telephone and Telegraph Company. Investors will monitor updates on AI spending, cloud demand, corporate technology budgets, and the outlook for the second half of the year.

 

Shares of 3M rose more than 7?ter the company raised its full-year profit forecast and Danaher shares fell 12?ter it trimmed its outlook for growth and also reported lower than expected revenue from its biotechnology unit.

 

Following are the closing levels of major US indices Tuesday:

 

Index	Level	Change in %
Dow Jones Industrial Average	52224.64	0.7
NASDAQ Composite	25837.21	1.3
S&P 500	7509.2	0.9

 

(Deesha Jadhav)

 

US$1 = INR 96.41

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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