Several Indian companies are expected to be in the spotlight today, July 11, following a flurry of corporate announcements, financial results, and strategic developments. This comes as benchmark indices faced selling pressure on Thursday, driven by weakness in key sectors.
Market Trends Ahead of Earnings Season
On Thursday, both the Sensex and Nifty experienced declines for the second consecutive session. The 30-share BSE Sensex dropped 345.80 points, settling at 83,190.28, reflecting investor caution ahead of the earnings season.
Similarly, the 50-share NSE Nifty fell 120.85 points to close at 25,355.25. The broader market also saw more declining stocks than advancing ones on the BSE, indicating widespread selling pressure.
Leadership and Financial Updates from Key Players
Hindustan Unilever (HUL) Appoints New CEO
Hindustan Unilever Limited (HUL) has announced a significant leadership change. Priya Nair has been appointed as the new MD & CEO for a five-year term, effective August 1, 2025. She will succeed Rohit Jawa in this crucial role, signaling a new chapter for the FMCG giant.
Tech Sector Earnings in Focus: TCS and Tata Elxsi
India’s largest IT services firm, Tata Consultancy Services (TCS), reported a 6% increase in its June quarter net profit, reaching Rs 12,760 crore. While revenue saw a modest 1.3% rise year-on-year, it declined by 3% in constant currency terms, highlighting some industry headwinds.
Meanwhile, Tata Elxsi faced a tougher quarter, with its consolidated net profit declining by 21.5% to Rs 144.36 crore. The company attributed this dip to macroeconomic uncertainties and industry-specific challenges impacting R&D spending and decision-making.
Strategic Business Deals and Expansions
Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) has entered a five-year agreement with Petronet LNG Ltd. This pact is for the regasification of approximately 25 TBTUs of Liquefied Natural Gas (LNG) annually, primarily at Petronet’s Dahej terminal.
Oil India Ltd has also secured a long-term agreement, partnering with GAIL (India) Ltd to supply natural gas for 15 years. This deal, effective July 1, will see up to 900,000 standard cubic meters per day of gas supplied from Oil India’s Bakhri Tibba block to a power plant in Rajasthan.
Krystal Integrated Services bagged a notable three-year contract from the Airports Authority of India (AAI). Valued at approximately Rs 20.26 crore, the contract is for managing the new terminal building of Jay Prakash Narayan International Airport in Patna, underscoring Krystal’s growing presence in public infrastructure management.
Birla Corporation has been named the ‘Preferred Bidder’ for the Tadas Limestone Block-II in Nagaur, Rajasthan. This significant win for a mining lease covers an area of over 160 hectares, strengthening the company’s raw material sourcing.
Financial Strategy and Investment Updates
PC Jeweller Ltd’s board has approved a plan to raise Rs 500 crore through a preferential allotment from promoters and Capital Ventures Pvt Ltd. This strategic move aims to prepay loans, with the company targeting to become debt-free by the end of the current fiscal year.
Anand Rathi Wealth announced a strong performance for the April-June quarter of FY26, with profit after tax (PAT) jumping 28% to Rs 94 crore. Total revenue also increased by 16%, showcasing robust growth in its wealth management business.
The government is actively working on further divesting its stake in Life Insurance Corporation (LIC), where it currently holds 96.5%. Separately, the strategic sale of IDBI Bank is reportedly on track to be finalized by October, with discussions underway on the share purchase agreement for potential bidders.
