12, July, 2025
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Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

July 10, 2025

  • Daily Morning Report – Date: 10th July 2025
  • NIFTY OUTLOOK: 25,476.10 FII: Rs. 77.00 cr DII: Rs. 920.83 cr
  • As discussed yesterday, market behaviour remained on expected lines. Nifty respected the support of 25,430, made a low of 25,424, and closed at 25,476 — right near our mentioned support.
  • A small bearish candle appeared on the daily chart, failing to cross the previous day's high and low. This suggests that if Nifty decisively breaks 25,430, it may slip further to 25,387–25,345. If supply pressure rises, it may even test 25,300.
  • On the upside, 25,520–25,565 may act as immediate resistance. A breakout and sustained move above this range could push Nifty towards 25,608–25,651.
  • Bank Nifty Outlook
  • Spot: 57,213.55 PCR: 0.94 Max CE OI: 56,000 Max PE OI: 56,000
  • On 9th July 2025, Bank Nifty closed at 57,213.55, down 0.07% from the previous day. The index moved 252.75 points during the session, making a high of 57,290.65 and a low of 57,037.90.
  • Technical View (Daily Chart):
  • Key support and resistance levels are at 56,750 and 57,580 respectively.
  • Intraday Strategy:
  • Go long above 57,290 with SL at 57,230 and target 57,355.
  • Go short below 57,135 with SL at 57,180 and target 57,050.
  • Indicators:
  • RSI is at 60.50 (above 70 is overbought, below 30 is oversold).
  • Bank Nifty is trading above all 8 SMAs (5, 10, 20, 30, 50, 100, 150, 200-day).
  • A bullish candlestick pattern has been identified.
  • • Long legged Doji Uptrend
  • Macros.
  • 1. Dollar index @ 96.995
  • 2. Vix @ 15.94 (-5.98 %)
  • 3. Brent Crude @ 70.07
  • 4.10 years US bond @ 4.318
  • Note: Last night, all eyes were on the Fed minutes. While members supported a rate cut, they remained uncertain about its timing. Analysts now expect the easing to happen later, possibly in September, as the U.S. economy continues to show resilience.
  • President Trump has repeatedly urged the Fed to cut rates, warning that delays could hurt the economy. However, Fed Chair Jerome Powell remains cautious, citing potential inflationary effects of Trump’s tariffs.
  • Commodities: Crude remains a concern as Houthi attacks on ships in the Red Sea continue. The Red Sea is a key route between Europe and Asia, and ongoing disruptions are pushing crude prices higher. We expect crude to peak around $73–75 and then ease back to $63–64, as OPEC nations are likely to increase production in the coming months, leading to supply outpacing demand.
  • Contributed by
  • Ashok bhandari : INH000019549
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  • L&T : The keel laying ceremony for the third Fleet Support Ship (FSS) was held at L&T Shipyard, Kattupalli, in the presence of senior Indian Navy and HSL officials.
  • These ships, with a displacement of over 40,000 tons, will carry fuel, water, ammunition, and stores.
  • Once inducted, the FSS will enhance the Indian Navy’s blue water capabilities by supporting prolonged fleet operations at sea.
  • The development underscores L&T’s role in strengthening naval logistics infrastructure.
  • Shipping Stocks : India has unveiled Maritime Vision 2047 with a focus on sustainability, digital transformation, and global partnerships to position itself as a maritime powerhouse.
  • Key measures include 100% FDI in shipping, tax holidays, GST waivers, and a Maritime Development Fund to attract foreign investment.
  • Port capacity is targeted to reach ~10,000 MTPA, alongside a push for shipbuilding, offshore wind, and cruise tourism.
  • Likely beneficiaries include Adani Ports, Cochin Shipyard, Mazagon Dock, Seacoast Shipping, and Shipping Corp of India.
  • C2C Advanced Systems : The company has signed a strategic maritime security agreement with Canada’s Barnacle Systems.
  • C2C gains exclusive rights to market Barnacle’s naval IoT surveillance technology across India, Southeast Asia, and the Middle East.
  • The deal includes plans for localized production under Make-in-India and a tailored go-to-market strategy for defense and commercial sectors.
  • This move strengthens C2C’s position as an emerging player in the global defense tech space.
  • Fed Minutes: Several participants said the Fed funds rate may not be far above its neutral rate.
  • Fed Minutes: All participants viewed it as appropriate to maintain the Fed funds rate at the current target range.
  • Fed Minutes: Participants agreed risks of higher inflation, weaker labor market conditions had diminished but remained elevated.
  • Fed Minutes: Participants observed that uncertainty about the economic outlook had diminished amid a reduction in announced and expected tariffs, but overall uncertainty continued to be elevated.
  • Fed Minutes: The New York Fed SOMA Chief says market participants survey respondents see February 2026 as the end date for balance sheet drawdown versus January 2026 in the prior survey.
  • Fed Minutes: Fed staff saw higher real GDP growth for 2025 than in the previous forecast, and saw inflation lower than the prior forecast.
  • Amazon Prime Day sales fall 41% on the first day of the four-day event.
  • Fed Minutes: The New York Fed SOMA Chief said that market participants' survey respondents see the Fed portfolio at $6.2 trillion, or about 20% of GDP; reserves to be at $2.9 trillion, and ONRRP balance to be low.
  • Vedanta : The company’s head of base metals, Chris Griffith, has resigned amid increasing pressure from short-seller Viceroy Research.
  • His exit leaves a leadership gap, especially for key operations in South Africa and Namibia, with no immediate replacement announced.
  • The resignation follows allegations of high debt risk by Viceroy, which Vedanta has denied.
  • Investor sentiment remains weak due to governance concerns and renewed scrutiny over the group’s debt structure.
  • Defence Stocks : India and Brazil have agreed to strengthen strategic defense ties and aim to boost bilateral trade by 70% to $20 billion in five years.
  • The cooperation is expected to benefit Indian defense exporters, aerospace companies, and engineering firms.
  • This move enhances India’s defense diplomacy and presence in the South American market.
  • It supports a positive outlook for listed Indian defense and allied sector stocks.
  • Vedanta : The company’s head of base metals, Chris Griffith, has resigned amid increasing pressure from short-seller Viceroy Research
  • His exit leaves a leadership gap, especially for key operations in South Africa and Namibia, with no immediate replacement announced
  • The resignation follows allegations of high debt risk by Viceroy, which Vedanta has denied.
  • Investor sentiment remains weak due to governance concerns and renewed scrutiny over the group’s debt structure.
  • Ashapura Minechem
  • #AshapuraMinechem
  • #Ashapura
  • Huge 259cr tax relief
  • Favorable outcome for Ashapura
  • Available to be set off against future profits
  • Tax burden to meaningfully reduce bumping up EPS further
  • Promoter pledging is zero now vs 15% earlier
  • Promoter consistently buying from open market
  • Business tailwinds with all expansions done
  • Ashapura Minechem
  • #AshapuraMinechem
  • #Ashapura
  • Huge 259cr tax relief
  • Favorable outcome for Ashapura
  • Available to be set off against future profits
  • Tax burden to meaningfully reduce bumping up EPS further
  • Promoter pledging is zero now vs 15% earlier
  • Promoter consistently buying from open market
  • Business tailwinds with all expansions done
  • Elitecon International to acquire overseas firm for Rs.700 Cr; plans QIP Rs.300 Cr and preferential issue Rs.400 Cr.
  • BEAT THE STREET BULLETIN
  • Date: 09 July 2025
  • Telegram: [t.me/beatthestreet10]
  • ORDER WIN
  • APTECH: Wins ₹1.94 crore government contract for nationwide computer-based testing in July 2025.
  • ACQUISITION
  • NIIT LEARNING SYSTEMS: Acquires Germany-based MST Investment Holding GmbH for €22.37 million to strengthen European presence.
  • GODAWARI POWER: Acquires 100% stake in Godawari New Energy Pvt Ltd, focused on battery storage and clean energy.
  • COLLABORATION
  • HCL TECH: Signs multi-year global partnership with Astemo Cypremos to develop smart, autonomous vehicle technologies.
  • OIL INDIA: Inks 15-year gas supply deal with GAIL for up to 900,000 SCMD from Rajasthan fields.
  • REDINGTON: Enters strategic REAP agreement with AWS to accelerate cloud adoption via partner ecosystem.
  • C2C ADVANCED SYSTEMS: Partners with Canada’s Barnacle Systems for exclusive maritime IoT surveillance tech distribution.
  • LEADERSHIP CHANGES
  • QUICK HEAL: CEO Vishal Salvi resigns effective August 31, 2025, to pursue new career path.
  • VEDANTA: Head of base metals Chris Griffith resigns amid debt scrutiny and pressure from Viceroy Research.
  • HOV SERVICES: Appoints Dr. Bhargav Thakkar as EVP to lead healthcare services expansion.
  • NEW PROJECTS
  • SHUKRA PHARMACEUTICALS: Opens new branches in Mumbai, Gurgaon, Bangalore, and Kolkata to expand institutional reach.
  • AURO LABORATORIES: Resumes production at expanded Metformin HCL unit in Tarapur to boost API capacity.
  • L\&T: Conducts keel laying for third Fleet Support Ship for Indian Navy at Kattupalli Shipyard.
  • FUNDRAISING
  • AIMTRON ELECTRONICS: Board to meet on July 14, 2025, to consider fundraise.
  • SATIN CREDITCARE NETWORK: Board meeting on July 14, 2025, to raise funds via NCDs.
  • ALLCARGO TERMINALS: Board to meet on July 15, 2025, to consider raising funds via issue of shares.
  • IBL FINANCE: Board meeting on July 16, 2025, to consider fundraising proposals.
  • TEAMO PRODUCTIONS: To raise up to ₹300 crore via multiple instruments including rights issue and QIP.
  • GOWRA LEASING AND FINANCE: Board meeting on July 14, 2025, to raise funds via preferential issue.
  • BRIGADE ENTERPRISES: Board meeting on July 14, 2025, to raise funds via NCDs.
  • TITAGARH RAIL: To issue 21,16,402 warrants to promoters at ₹945/share, raising ₹199.99 crore via preferential allotment.
  • KILITCH DRUGS: Approves ₹50 crore rights issue at ₹357/share with 2-for-23 entitlement.
  • FII STAKE CHANGES / BOUGHT-SOLD
  • ASIAN PAINTS: Sold 20.1 lakh shares (4.41% stake) by large investor at ₹3651/share.
  • ICICI PRUDENTIAL MF: Bought 7 lakh shares (1.54%) of Asian Paints at ₹3651/share.
  • EASTSPRING INVESTMENTS: Acquired 2.5 lakh shares (0.55%) in Asian Paints at ₹3651/share.
  • Q1 / BUSINESS UPDATE
  • NCL INDUSTRIES: Reports weak Q1FY26 with declines across cement, cement boards, RMC, and doors; no hydropower generated.
  • USFDA / REGULATORY
  • EMCURE PHARMA: Sanand oncology unit clears US FDA inspection with zero observations, boosting regulatory standing.
  • AMIC FORGING: Receives Indian Boiler Regulation approval for boiler-grade forged components.
  • CLARIFICATION
  • HINDUSTAN NATIONAL GLASS: NCLAT restores RP in insolvency case; resolution to proceed as per SC directions.
  • LAUNCHES
  • TASTY BITES: To launch ‘CHEFFIN’ ready-to-cook kits including Dal Makhani, Butter Chicken, and more by August 2025.
  • BLUE DART: Launches Rakhi Express Campaign with up to 50% shipping discount until August 9, 2025.
  • INCORPORATE / CORPORATE STRUCTURE
  • PB FINTECH: Forms Paisabazaar Middle East Marketing LLC in Dubai for fintech expansion.
  • MGL: NCLT approves merger of Unison Enviro into Mahanagar Gas to enhance efficiency and reach.
  • TAX ORDER
  • 3M INDIA: Settles ₹12.11 crore income tax dispute under Vivad Se Vishwas Scheme with no fresh outflow.
  • ADDITIONS
  • @beatthestreet10
  • GIRNAR SPINTEX: Board to meet July 12, 2025, to consider capacity expansion and modernization; may sell 20% old machinery.
  • OTHERS
  • IDBI BANK: Disinvestment likely by December 2025; financial bids expected soon.
  • SHIPPING STOCKS: India unveils Maritime Vision 2047 with major reforms; beneficiaries may include Adani Ports, Cochin Shipyard, and SCI.
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  • For more updates, join our Telegram channel: [t.me/beatthestreet10]
  • @beatthestreet10
  • Trump: 50% tariff on Brazil
  • @beatthestreet10
  • Hassett: Trump to Decide on Fed Chair
  • Trump announces 50% tariff on copper effective August 1
  • NBFC : Sources says NBFCs Have Asked For A Liquidity Window From Govt - CNBCTV 18
  • NBFCs Want Access To Repo, A Dedicated Institution For Refinance
  • NBFCs Want The TDS On Fixed Deposits Of Senior Citizens To Be At Par With Banks
  • NBFCs Seek Removal Of The Minimum Threshold Of Rs 20 Lk For Debt Recovery Under SARFESI
  • Removal Of SARFESI Threshold For Debt Recovery To Help Cover Smaller Delinquencies
  • MS on Prestige Estates
  • Maintain Overweight with TP of Rs 1700
  • Q1 Beat: Presales Rebound on Launches Execution
  • Beat led by stronger inventory sale
  • Well-positioned to meet the target
  • Upcoming hotel listing should help alleviate leverage concerns
  • JPMorgan on Coal India
  • Maintain Neutral with TP of Rs 415
  • Should deliver monthly volume growth from July/August as base turns more favorable
  • Base favourable owing to weakening power demand trends, stable inventory at thermal power plants and steady rise in volumes from captive mines
  • Believe Coal India may witness a slight relief rally in the near term as monthly volume prints show growth
  • Bernstein on Housing Finance
  • Home First - Initiate Outperform with TP of Rs 1650
  • Aptus Value – Initiate Outperform with TP of Rs 400
  • Aadhar Housing - Initiate Outperform with TP of Rs 550
  • PNB Housing - Initiate Market-perform with TP of Rs 1020
  • Aavas Financiers - Initiate Market-perform with TP of Rs 2070
  • Mortgages - the big driver of retail credit growth
  • HSBC on Axis Bank
  • Maintain Buy with TP of Rs 1430
  • FY25 Annual Report highlights improvement in granular liabilities, control on costs and stable fee contributors
  • Increase in salary accounts, cut-back in certain cost heads and sharp growth in bancassurance fees are positives
  • Small improvements can be big stock catalysts
  • CEAT : Srilanka - tariff 30 % vs 44% earlier / partially positive  for Ceat
  • JMFinancial on Tips Music
  • Initiate Buy with TP of Rs 800
  • Poised for growth even in a turbulent industry landscape
  • Expect the company to continue to consolidate its market position
  • Partnerships with global giants and aggressive content investments to drive growth
  • Prefer Tips Music over Saregama
  • Expect medium-term earnings to grow 24%
  • BFSI Stocks : Govt sources says India plans to have 2-3 large banks among the top 10 globally - ET NOW
  • India needs more banks as the economy is growing
  • Large NBFCs want banking licences with shareholding relaxation
  • New bank licences could be given to NBFCs and Small Finance Banks
  • MS on Power Financiers
  • REC - Initiate Overweight with TP of Rs 485
  • PFC - Initiate Overweight with TP of Rs 508
  • Financing India's energy transformation
  • Stocks - out of favour over the past nine months after being popular in 2023 and 2024
  • Screen attractive on both absolute and relative risk-reward
  • HSBC ON MARICO
  • (CMP: 731)
  • MAINTAIN BUY
  • TARGET: 850
  • While Co Has Multiple Elements In Its Foods Biz, Expect Oats & Plix To Drive Growth
  • Co's D2C Portfolio Should Achieve Stable Growth & Margin Improvement, As Seen At Beardo
  • Build In 19% CAGR In FY25-28 For These Segments
  • BERNSTEIN ON HSG FIN COS
  • Initiate Outperform On HomeFirst, Target Rs 1,650/sh
  • Ability To Consistently Replicate Its Operating Model Across Multiple States
  • Benefits From Its Smaller Size, Faster Growth, Superior Productivity Metrics
  • Greater Flexibility To Sustain Profitability Compared To Peers
  • Initiate Outperform Call On Aptus Hsg, Target Rs 400/sh
  • Higher Shr Of Fixed-Rate Loans & Small Biz Lending Positions It Well In A Falling Rate Environ
  • Has Reasonable Valuations
  • Initiate Outperform Call On Aadhar Hsg, Target Rs 550/sh.
  • As Largest & Most Geographically Diversified Player, Aadhar Serves As A Good Proxy
  • Expect It To Maintain Its Steady Growth Trajectory Of Approx 20% AUM CAGR
  • 50% Imposition Of Tariffs On Brazil
  • Brazil may flood their exports in non-US markets
  • Knee-Jerk reaction
  • -ve for Indian Agro-chemical players
  • and Coffee prices will be volatile/as they are anyways in downtrend
  • Sources says Govt clears LIC stake sale via OFS, With a 96.5% holding, even a 1% sale could fetch ₹6,000 crore - CNBCTV 18
  • A key move in the FY26 disinvestment push to boost retail participation.
  • PNGRB SEEKS GOVT SUPPORT TO MEET NATURAL GAS OBJECTIVES - CNBCTV 18
  • PNGRB PROPOSALS : Waive Off The Excise Duty On Compression Of CNG
  • GST On Sale Of CNG/LNG Vehicles Should Be At Par With EVs
  • Walve Off Excise On CBG Sold As Comingled CNG & LCNG
  • PNGRB Analysis : CNG Is Losing Advantage Over Petrol With Price Rise, Imp To Maintain Current CNG Price To Maintain Discount Over Alternate Fuels
  • Declining APM Allocation A Major Concern & Can Lead To Price Rise
  • Reduction In Excise Duty Can Negate Impact Of Declining APM
  • GST On CNG Vehicles Is At 28% Vs 5% On EVs
  • Morgan Stanley on India Financials - PFC and REC
  • Attractive entry point; initiate with OW
  • Initiate PFC with a price target of Rs508 (21% upside) and REC with a price target of Rs485 (23% upside).
  • Initiate Market Perform on PNB Hsg– TP Rs 1020
  • While shift toward smaller-ticket loans - as prime mortgages become increasingly competitive - is a sound strategy, aggressive expansion in this new segment, with high reliance on balance transfer-ins & DSA sourcing, raises concerns
  • Initiate Market Perform on Aavas – TP Rs 2070
  • Aavas lags peers on yield & profitability & has seen a sharp slowdown in growth recently
  • While a near-term rebound is possible, inconsistent outcomes from its geographic expansion make us cautious on its long-term outlook.
  • MOSL on Bharat Dynamics
  • Initiate Neutral with TP of Rs 1900
  • Strong order book and easing supply chain issues to scale up revenue
  • Focus remains on indigenization
  • Valuations fair, would look for lower price points to enter the stock
  • NUVAMA ON PRESTIGE EST
  • (CMP: 1,647)
  • MAINTAIN BUY
  • TARGET: 2,009
  • Clocked Its Best-Ever Quarterly Pre-Sales Aided By Launch Of Four Projects Spanning
  • Prestige City Project In NCR Contributed 59% To Bookings
  • Collections Too Surged 55% YoY, Its Highest-Ever
  • Co Delivered Approx 5.45 msf Of Projects During Quarter
  • Occupancy In Office/Retail Portfolio Stood At A Healthy 93.7%/98.9%
  • HSBC ON MARICO
  • (CMP: 731)
  • MAINTAIN BUY
  • TARGET: 850
  • While Co Has Multiple Elements In Its Foods Biz, Expect Oats & Plix To Drive Growth
  • Co's D2C Portfolio Should Achieve Stable Growth & Margin Improvement, As Seen At Beardo
  • Build In 19% CAGR In FY25-28 For These Segments
  • Ratings Agency Stocks : SEBI - From agencies Consultation paper on measures for regulating credit rating agencies' activities
  • CRAs may be permitted to undertake activities that are not regulated by Sebi
  • Proposes credit rating agencies can rate financial instruments regulated by other fin sec regulators
Panchkarma