Summary:
NTPC, Hindalco, Eicher Motors, and RBL Bank remained in focus after major Q4 earnings announcements, index reshuffling updates, and banking developments.Investors are also tracking FTSE index inclusions, Sensex rejig changes, regulatory approvals, and acquisition-related updates across banking, pharma, auto, and metal sectors.
Indian markets are expected to witness strong stock-specific action amid quarterly earnings announcements, global index rejig, regulatory developments, and acquisition-related updates across sectors including power, metals, banking, automobiles, and pharmaceuticals.
NTPC Q4 Profit Jumps on Tax Write-Back
NTPC reported a strong set of fourth-quarter earnings with consolidated net profit rising 34.4% year-on-year to ₹10,615 crore compared to ₹7,897.1 crore in the same period last year.
The sharp rise in profitability was largely driven by a tax write-back of ₹9,062.1 crore against tax expenses of ₹2,725.6 crore in the year-ago quarter. However, the company’s revenue remained largely flat, slipping marginally by 0.3% to ₹49,687.8 crore.
Hindalco Profit Under Pressure Despite Revenue Growth
Hindalco Industries posted mixed fourth-quarter results as consolidated profit declined 50.9% year-on-year to ₹2,597 crore from ₹5,284 crore.
The decline in earnings was mainly due to an exceptional loss of ₹4,171 crore. Despite the pressure on profitability, the company reported healthy operational performance with revenue rising 20.4% to ₹78,133 crore.
Eicher Motors Delivers Strong Quarterly Numbers
Eicher Motors reported robust Q4 earnings, supported by strong demand in its premium motorcycle business.
The company’s consolidated profit increased 11.6% to ₹1,520 crore, while revenue rose 16% year-on-year to ₹6,080.1 crore.
FTSE Index Inclusion to Drive Investor Attention
Several companies are expected to remain in focus after global index provider FTSE announced changes to its indices effective June 22.
Tata Capital, Lenskart Solutions, LG Electronics, Meesho, ICICI Prudential Asset Management Company and Groww have been added to the FTSE All World and FTSE All Cap indices.
Such inclusions are generally seen as positive as they can attract passive inflows from global funds tracking these benchmarks.
NSE F&O Segment Changes
Exide Industries and Nuvama Wealth Management will be removed from the NSE Futures & Options segment effective July 29.
The development is likely to keep both stocks in focus during trading sessions.
Sensex and BSE Index Rejig Announced
TVS Motor Company will replace Adani Enterprises in the Sensex 50 index.
Meanwhile, Adani Enterprises, Ashok Leyland, One 97 Communications and CG Power and Industrial Solutions will be added to the Sensex Next 50 index.
Additionally, Ashok Leyland, One 97 Communications, and CG Power will enter the BSE 100 index, while Ambuja Cements, Tube Investments of India, and Colgate Palmolive will exit the index. All changes will take effect from June 22.
Pharma Stocks in Focus on Regulatory Updates
Lupin received approval from China’s National Medical Products Administration for Oseltamivir Phosphate oral suspension for paediatric use, marking the company’s first product launch in China.
Meanwhile, Aurobindo Pharma remains under focus after the US FDA classified Eugia Pharma’s Telangana facility as Official Action Indicated (OAI) following an inspection.
Banking Stocks to Watch
RBL Bank will remain in the spotlight after Emirates NBD announced an open offer worth ₹11,735.3 crore to acquire a 26% stake at ₹282.38 per share.
Separately, the Reserve Bank of India approved the appointment of Elias George as Part-Time Chairman of Federal Bank for a period of three years.
