Stocks To Watch Today, July 15, 2026: Delhivery, Hero MotoCorp, Kirloskar Brothers, Tata Elxsi, SG Mart

Mumbai, July 15: Indian investors on Wednesday will be tracking Delhivery shares after the company received ‘in-principle’ RBI approval for its NBFC. Hero MotoCorp shares will be under spotlight after the company board approved investment in Ather Energy. Read on to know more. 

Delhivery Gets RBI Nod for NBFC Arm Delhivery Financial Services 

Logistics firm Delhivery (DELHIVERY) said Tuesday that the Reserve Bank of India has granted ‘in-principle’ approval to its wholly owned subsidiary, Delhivery Financial Services Private Limited, for the grant of ‘Certificate of Registration’ (CoR) as a Type II non- deposit taking non-banking financial company. Subject to submission of certain documents to the satisfaction of the RBI, the CoR shall be issued by the RBI. The CoR approval consolidates Delhivery’ efforts to set up a financial services unit, which it had been developing for the last few quarters to offer financial services, including lending and credit products, to its seller network. Investors will look out for announcements on scale of operations planned for NBFC arm. 

Hero MotoCorp To Pump In Rs 1,000 Cr More Into Ather Energy 

Hero MotoCorp’s (HEROMOTOCO) Board of Directors has approved infusion of an additional amount of up to Rs 10 billion into its associate company Ather Energy by subscribing to equity shares or other eligible securities of Ather Energy, including compulsorily convertible preference shares and warrants, through preferential allotment. Hero MotoCorp currently has a stake of 29.48 per cent in Ather Energy on a fully diluted basis as of June 30 and the additional infusion through cash consideration will further deepen its investment in the electric two-wheeler company. The transaction is expected to close within 15 days of receipt of the last approval required by Ather Energy. Investors will keep an eye on how much of the stake Hero MotoCorp will own once the preferential allotment is priced. 

Kirloskar Brothers UK Arm Bags Rs 150-Cr Order From Saipem 

Hyderabad-based pump manufacturer Kirloskar Brothers (KIRLOSBROS) said Tuesday its wholly owned material subsidiary SPP Pumps Ltd, UK has won an order worth GBP 11.67 million or about Rs 149.59 crore from Saipem Offshore Construction SPA for vertical pumps and associated spares. “The delivery period shall be within 52 to 60 weeks from receipt of the order. SPP Pumps shall provide performance bond of 10 per cent of the contract value and warranty bond of 5 per cent of the contract value,” the company said in a statement. SPP Pumps, which caters to international projects and exports pumps and their spares globally, is the flagship material subsidiary of Kirloskar Brothers with a leadership market share in the UK pump industry. 

Tata Elxsi Q1 Strong Results 

Consolidated net profit of Tata Elxsi (TATAELXSI) jumped 18.2 per cent to Rs 170.6 crore during the quarter ended June compared to Rs 144.4 crore in the year-ago period, while revenue grew 14.5 per cent to Rs 1,021.1 crore from Rs 892.1 crore, helped by new deals. This is the first time ever that the engineering services firm has crossed the Rs 1,000 crore revenue mark in a quarter. However, profit took a hit as the EBITDA margin fell to 18.97 per cent from 22.27 per cent a year ago on account of higher operating costs. Revenue growth was led by Transportation and Media & Communications verticals, while growth in healthcare business continued to be impacted. Investors will parse management commentary on margin recovery and acceleration in new deal wins across verticals for the remaining quarters of the current fiscal, given the company has also revised its annual growth guidance to high-single digits for FY27. 

SG Mart Witnessed Block Deal Activity 

Shares of SG Mart (SGMART) saw block deal activity on Tuesday with buying by two large funds and selling by a promoter-linked entity. Public Sector Pension Investment Board purchased 10 lakh shares, which is around 0.79 per cent stake, for Rs 64.99 crore at Rs 649.98 per share, while Abu Dhabi Investment Authority also snapped up 11.23 lakh shares, or 0.89 per cent stake, worth Rs 72.99 crore at Rs 650 apiece. On the flipside, HR Global Manufacturing divested 22 lakh shares, which is 1.74 per cent stake, at Rs 650.02 per share, amounting to Rs 143 crore. Seeing two large sovereign funds and pension funds getting into the stock at similar prices while a promoter-linked selling will attract investors’ attention towards the stock. Investors will await further disclosures on identity of the buyers and their plan of action. 

Sources

• bseindia.com
• nseindia.com,
• PTI
• company press releases