News that may have an impact on prices of some stocks today, 8th July, 2025

Macrotech’s pre-sales in June quarter up by 10%

Macrotech Developers reported a 10% year-on-year increase in pre-sales to Rs 4,450 crore for the quarter, while collections rose 7% to Rs 2,880 crore. The firm said it has added five new projects across Mumbai, Pune and Bengaluru, with a total gross development value (GDV) of Rs 22,700 crore, over 90% of its full-year business development guidance of Rs 25000 crore. Net debt stood at Rs 5080 crore as of Jun-2025.

Titan’s jewellery vertical grows by 18% in June quarter

Jewellery vertical saw domestic operations grow approximately 18% year-on-year, aided by good traction during Akshaya Tritiya. However, a sharp rise in gold prices from May to mid-June dented consumer sentiment, leading to flat buyer growth in both Tanishq and CaratLane. In this high-price environment, consumers preferred lightweight and lower karatage jewellery, with plain gold growing in mid-teens and the studded segment in early double digits.

Tata Motors’ Jaguar Land Rover’s retail dispatches down by 10.7% in June quarter

Jaguar Land Rover reported 10.7 percent year-on-year decline in dispatches to dealers for the first quarter, totaling 87,286 units. Wholesale volumes decreased in North America, Europe, and the UK. The UK market faced the biggest impact due to the cessation of legacy Jaguar models. Retail sales also saw a dip of 15% at 94,420 units.

DCX Systems gets industrial license from Cochin SEZ

The Industrial Licensing Section, Office of the Development Commissioner, Cochin Special Economic Zone (CSEZ), EOU’s & SEZ’s in Karnataka, under the Ministry of Commerce & Industry, Government of India, has granted an Industrial license to DCX Systems for the manufacturing of the – Production, Assembly and Testing of Radar Systems and EW Systems, and Integration and Manufacture of Avionics & Defence Electronic Equipment.

OPEC+ set to give another output boost for September

OPEC+ oil producers are set to approve another big output boost for September as they complete the unwinding of voluntary output cuts by eight members and allow the United Arab Emirates to pump more to meet a larger quota.

JSW Infra gets new project of Rs 740 crore

Company received a letter of award (LoA) from the Syama Prasad Mookerjee Port Authority for a Rs 740 crore port project that is aimed at enhancing container handling capacity at the facility. The LoA is for the reconstruction of berth 8 and mechanization of berths 7 at Netaji Subhas Dock, the company said.

Acme Solar places order for storage solutions

Company placed an order for more than 3.1 GWh of BESS to procure high-efficiency and scalable storage solutions from Zhejiang Narada and Trina Energy.

Tega McNally appoints new CEO

Tega McNally Minerals, a wholly owned subsidiary of Tega Industries, has appointed Sourav Sen as Chief Executive Officer, with effect from 08 July 2025. Sen has been appointed in place of Syed Yaver Imam who has decided to step down as CEO due to personal pre-occupations.

Retail sales in Phoenix Mills malls up by 12% in June quarter

Phoenix Mills reported a 12% year-on-year increase in retail sales across its operational malls in Q1 FY26, supported by healthy demand and continued momentum across its portfolio. In the commercial office segment, gross leasing of approximately 4.07 lakh square feet was completed.

Net advances of Kotak Mahindra Bank in June quarter up by 14%

The bank reported a net advance at the end of Q1 FY26 stood at Rs 4.45 lakh crore, marking a 14% increase over Rs 3.90 lakh crore in the same quarter last year. Sequentially, lending activity was up 4.2% compared to Rs 4.27 lakh crore in the March 2025 quarter. On the liabilities side, the bank’s end-of-period (EOP) total deposits rose to Rs 5.13 lakh crore, up 14.6% from Rs 4.47 lakh crore in Q1 FY25 and 2.8% higher than Rs 4.99 lakh crore in Q4 FY25.

SEBI proposes relaxation of some regulations pertaining to AMCs

SEBI has proposed review of regulatory framework for the business activities of an Asset Management Companies (AMCs) of Mutual Funds. Sebi has proposed allowing mutual funds to act as point of presence for pension funds to act as global distributor of funds, subject to conditions. Sebi has also proposed relaxation in broad basing requirements, offering investment management and advisory services to pooled funds such as family offices or offshore funds with a few investors.

Navin Fluorine starts QIP

Navin Fluorine International Ltd announced the launch of its qualified institutions placement (QIP) to raise up to Rs 750 crore by issuing equity shares. It has fixed Rs 4798 per equity share as floor price.

Court upholds LoA given to Krsnaa Diagnostics

In continuation to the previously intimations submitted by the Company, regarding the Letter of Acceptance (LoA) issued by the National Health Mission, Rajasthan (Authority) for providing laboratory services under the Free Diagnostics Initiative on Hub and Spoke Model under NHM across Rajasthan. Hon’ble High Court of Rajasthan had passed an order in favour of Krsnaa Diagnostics Limited and its consortium partner, Telecommunications Consultants India Ltd. (TCIL). In terms of the said order, the Authority, the company, and the consortium partner were directed to proceed ahead with the execution of the agreement as per the terms stipulated therein.

Sandhar Technologies successfully completes sale transaction

Company has successfully completed the sale transaction and executed Sale Deed with the purchaser on 07th July, 2025 for a total consideration of Rs 61 crore. An initial consideration of Rs 15 crore was received at the time of execution of the Agreement to Sale. The balance consideration of Rs 45.39 crore excluding the amount of TDS was duly received through demand draft on execution of Sale Deed.

NLC India to make investment of up to Rs 1,631 crore in its arm

The company approved to make an investment of up to Rs 1,631 crore in one or more tranches in its arm through equity and also approved to borrow US$ 100 million from Sumitomo Mitsui Banking Corp.

M&M’s production in June, up by 20%

M&M reported a 20% year-on-year (YoY) rise in production for June 2025, reaching 83,435 units compared to 69,441 units in the same month last year, according to its Q1 business update. Sales for the month stood at 76,335 units, marking a 14% increase from 66,800 units a year earlier. Export volumes rose marginally by 1% to 2,634 units, up from 2,597 units in June 2024.

P N Gadgil Jewellers’ revenue in first quarter up by 2.8%

The company reported a 2.8% year-on-year increase in total revenue at Rs 1,714 crore for the first quarter of FY26, up from Rs 1,668 crore a year ago. Excluding the discontinued refinery segment, revenue grew 30.4% YoY to Rs 1,714 crore. The retail segment, which accounts for over 70% of total revenue, grew 19.4% YoY.

Puravankara gets redevelopment rights for 8 residential societies in Chembur

The company said it secured the redevelopment rights of eight residential societies in Chembur, Mumbai. The project has a redevelopment potential of 1.2 million square feet, with an estimated gross development value (GDV) of Rs 2,100 crore.

Refex Industries gets Rs 250 crore order

The company has received Rs 250 crore order for comprehensive ash disposal along with operation of fly ash systems. It is to be executed over the next 30 months.

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Source: HDFC Securities Prime Research