News that may have an impact on prices of some stocks today, 3rd July, 2025

V2 Retail’s revenue in June quarter up by 51%

In the first quarter of financial year 2026, standalone revenue stood at Rs 628 crore, up 51% year-on-year from Rs 415 crore. Same-store sales growth was 5%, while 10% on a normalised basis. The company added 28 new stores in the first quarter, taking the total to 216. The impact of this news on the stock price is likely to be positive.

Aurobindo Pharma subsidiary gets marketing approval in Europe for Dazublys

CuraTeQ Biologics, a wholly owned step-down subsidiary of Aurobindo Pharma Limited, has obtained marketing authorization from the European Commission for Dazublys, its trastuzumab biosimilar version. Earlier in April 2025, the European Medicines Agency’s (EMA) Committee for Medicinal Products for Human Use (CHMP) has adopted a positive opinion for Dazublys, recommending its marketing authorization. This is CuraTeQ’s third biosimilar to be approved by EMA after the approval of Dyrupeg in April 2025 and Zefylti in February 2025, and the fourth overall in the EU, alongside the approval of Bevqolva by the UK’s MHRA in December 2024. The impact of this news on the stock price is likely to be positive.

Allied Blenders & Distillers expects 25%-30% drop in volumes due to changes in excise duty

Allied Blenders & Distillers expects 25-30% drop in volumes due to the recent changes in excise duty. “Our share of volume is sub-10%. The way we are reading the excise policy for now, it will have an impact on volume,” said Managing Director Alok Gupta. However, he also noted that the company sees an opportunity in the new model market license (MML) framework. “We are wellpositioned to take advantage of it because we have capacities.”

India planning to build three new strategic oil reserves

India is planning to build three new strategic oil reserves to enhance energy security and prepare for potential supply disruptions. The proposed sites are Bikaner (Rajasthan), Mangalore (Karnataka), and Bina (Madhya Pradesh), adding to existing reserves in Mangalore, Padur, and Vizag. Feasibility studies are underway, and federal approval will be required.

Avenue Supermart’s revenue in June quarter at Rs 15,932 crore

DMart’s standalone revenue from operations for the quarter ended (QE) June 30, 2025, stood at Rs 15,932.2 crore, it was higher by Rs 2,200 crore than their QE in June 2024. The total number of stores as of June, 2025 stood at 424.

PVR-INOX to add 200 news screens over the next 2 years

The company plans to add 200 new screens over the next two years with an investment of up to Rs 400 crore. The expansion will focus primarily on South India, followed by smaller cities and towns. For FY26, the company has already opened 20 screens in Q1 and aims to complete 100 by year-end.

Investors to divest 2.1% stake in Nykaa through block deal

Early investors Harindarpal and Indra Banga are set to divest a 2.1% stake in FSN E-Commerce Ventures Ltd, the parent company of Nykaa, through a Rs 1,200 crore block deal. The sale involves around 60 million shares priced at Rs 200 apiece, reflecting a 5.5% discount to last traded price.

Voltas gets GST notice

The company has received a show cause notice from the Central GST Commissionerate, Dehradun, alleging GST shortfalls linked to a merged entity for FY18-21. The company is reviewing the matter and will respond within the stipulated timeframe.

Hindustan Zinc metal output in June quarter up by 1%

The company reported its highest-ever Q1 mined metal output at 265 kilo tonnes, up 1% YoY. However, production dipped 15% sequentially due to routine mine preparation. Silver output and refined metal production also saw a decline of 11% and 5% YoY , respectively.

CCI approves Coromandel’s acquisition of stake in NACL

The CCI has approved Coromandel’s Rs 820 crore acquisition of a 53.13% stake in NACL Industries Ltd, a listed agrochemical firm. The deal includes promoter and public shareholder transactions and aligns with Coromandel’s strategy to expand in crop protection and contract manufacturing.

Nestle adds new Maggi noodles production line at Sanand

The company has added a new Maggi noodles production line at its Sanand factory in Gujarat, investing Rs 105 crore. The expansion will boost capacity by 20,300 tonnes per annum in FY26 and is part of the company’s broader capex plan spanning 2020–2025.

IOB to raise up to Rs 4.000 crore through equity

Indian Overseas Bank (IOB) said its shareholders have approved a proposal to raise up to Rs 4,000 crore in equity capital through various instruments, including QIPs, rights issues, and employee share schemes.

Indian Bank’s total business in June quarter up by 10.2%

Indian Bank reported a 10.2% year-on-year rise in total business for the quarter ended June 30, 2025, at Rs 13.44 lakh crore, up from Rs 12.20 lakh crore in the corresponding period last year.

Tamil Nadu Mercantile Bank’s total business in June quarter up by 9.86%

Tamilnad Mercantile Bank (TMB) reported a 9.86% year-on-year rise in total business for the quarter ended June 2025, reaching Rs 98,923 crore, supported by a healthy uptick in both deposits and advances.

NBCC gets new order of Rs 354.88 crore

NBCC secured a Rs 354.88 crore project management consultancy (PMC) order for major zoo infrastructure works in Nagpur, Maharashtra.

Baazar Style Retail’s revenue in June quarter up by 37%

In the first quarter of financial year 2026, standalone revenue came in at Rs 377 crore, up 37% year-on-year from Rs 275 crore. Same store sales was 5%, and 11% on a normalised basis. The company added 22 new stores, with a total stores at 664.

Mahindra & Mahindra Finance’s disbursements in June quarter at Rs 12,800 crore

In the first quarter of financial year 2026, disbursements (excluding finance leases) are expected at Rs 12,800 crore. Assets under management grew 15% YoY to Rs 1.2 lakh crore. Collection efficiency is seen at 95%. Stage-3 assets estimated at 3.8-3.9%, Stage-2 at 5.8- 5.9%. Liquidity remains strong at over Rs 9,600 crore.

CSB Bank’s total deposits in June quarter up by 20%

Total deposits increased 20% YoY at Rs 35,990 crore. CASA was up 14% YoY while declined ~4.5% QoQ at Rs 8,465 crore. Gross advances grew 32% YoY at Rs 33,142 crore.

Shakti Pumps fixes Rs 966 per share price for QIP

Company has fixed price of Rs 966 per share for the QIP. Earlier, it had approved to raise up to Rs 400 crore through the placement.

ASU Small Finance Bank appoints new independent directors

AU Small Finance Bank has strengthened its leadership team. Nandkumar Saravade and Jagajit Mangal Prasad are the new independent directors. Yogesh Jain is now the Chief Operating Officer. Vivek Tripathi has been appointed as Chief Credit Officer. Dhavan Shah will head Commercial Banking. Avinash Sharan is elevated to Head of Branch Banking.

CFF Fluid Control to file prospectus

Board approved the filing of the Prospectus with the Registrar of Companies, Mumbai, SEBI and BSE Limited. The issue is being made at a fixed price of Rs 585 per equity share. The Issue shall open on July 09, 2025 and close on July 11, 2025.

Waaree gets new order of Rs 26.17 crore

Waaree Renewable Tech has been awarded Letter of Award (LoA) for the execution of Engineering, Procurement and Construction (EPC) works of solar power project including Operation and Maintenance (O&M) of 21 MW AC/29.4 MW DC capacity. This project will be executed under Mukhyamantri Saur Krushi Vahini Yojana-2.0 (MSKVY 2.0). The order was valued at Rs 26.17 crore. It is to be executed in the next 6-9 months.

Bharat Forge completes acquisition of AAM India

Bharat Forge Limited has successfully acquired AAM India Manufacturing Private Limited, expanding its automotive product range. The acquisition, finalized after CCI approval, was completed at an equity value of Rs 746.46 crore, including a cash reserve for future growth. This move brings an established automotive component supplier into BFL’s portfolio, catering to both traditional and new mobility OEMs.

TVS Motor launched upgraded version of iQube

TVS Motor Company has launched an upgraded version of its iQube electric scooter, priced at Rs 1.03 lakh (ex-showroom Delhi). The new variant boasts features like hill hold assist and a 3.1 kWh battery, providing a range of 123 km on a single charge. This addition enhances TVS iQube portfolio, offering improved battery capacity and design upgrades.

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Source: HDFC Securities Prime Research