Stocks To Watch Today, July 17: Wipro, HCL Tech, Borosil Renewables, Coal India, Piramal Finance

Mumbai, July 17: Investors on Friday will be tracking Wipro shares as company reported its Q1 results on Thursday. HCL Technologies stock will be under scanner after the company announced acquisition of Guardian India. Read on to know more. 

Wipro (WIPRO) Q1 results: Shares in focus after profit flat despite revenue growth 

Wipro reported a disappointing June-quarter performance on Thursday, with consolidated net profit inching up 0.6 percent year-on-year to Rs 3,356.3 crore, even as gross revenue rose 10.6 percent to Rs 24,478.6 crore. IT services revenue grew 1.8 percent year-on-year in constant currency terms but fell 1.2 percent sequentially, leading to the IT major lagging its peers so far this earnings season. Total bookings were $3.37 billion, down 2.4 percent quarter-on-quarter in constant currency. Bookings from large deals improved 12.9 percent sequentially to $1.63 billion. IT services operating margin declined to 16 percent, down 1.3 percentage points from the previous quarter. Wipro has guided for constant currency revenue growth of minus 1.5 percent to plus 0.5 percent for the September quarter, also citing continued conservatism in client spending. Investors will look out for margin trends and conversion of large deals into bookings going forward. 

HCL Technologies (HCLTECH) to acquire Guardian India under expanded seven-year insurance partnership 

HCL Technologies has signed a seven-year agreement with US-based insurance company The Guardian Life Insurance Company of America, expanding the existing relationship to acquire Guardian India, the insurer’s global capability centre. Under the agreement, HCLTech will buy a 100 percent stake in Guardian India Operations for approximately $10.5 million, with close to 2,000 employees from Guardian India joining the IT services company under a newly created Strategic Business Unit. Karunakaran Azhisur, country head of Guardian India, will join HCLTech as head of the newly created Strategic Business Unit. The deal is expected to close on August 1. As part of the agreement, HCLTech will work with Guardian to accelerate its AI-powered modernisation across technology and operations, with the former helping build Guardian’s agentic capabilities using its AI Force platform. Guardian India’s revenue for fiscal 2026 was Rs 578.8 crore. Investors will look out for integration timelines as well as how this deal contributes to HCLTech’s insurance business vertical going forward. 

Borosil Renewables (BORORENEW) turns profitable in Q1 as demand for solar glass improves 

Solar glass maker Borosil Renewables posted a consolidated net profit of Rs 86.8 crore for the quarter ended June compared with a loss of Rs 166.6 crore in the year-ago period. Revenue from operations jumped 17 percent year-on-year to Rs 405.7 crore from Rs 346.6 crore but fell almost 8 percent from the previous quarter. Demand for solar glass improved after Borosil Renewables last quarter said it exited its loss-making German subsidiary GMB Glasmanufaktur Brandenburg, helping revenue rise 52 percent sequentially. The company continues to benefit from anti-dumping and countervailing duty protection from imported solar glass. Borosil Renewables is also scaling up domestic capacity with two new furnaces with a total capacity of 600 tonnes per day currently under construction and expected to be commissioned by December. Investors will watch realisations as well as commencement of the new capacity going forward. 

Coal India (COALINDIA) gets clearance to commission 200 MW more solar capacity at Khavda, Gujarat 

Coal India on Thursday said it received the commissioning certificate from Gujarat Energy Development Agency (GEDA) for 200 MW solar power capacity, being set up as part of its 300 MW solar project at Khavda in Gujarat. The July 15 certificate confirms further progress in the state-run miner’s efforts to diversify away from coal into renewables. Coal India had previously commissioned another 100 MW solar plant in Banaskantha district as part of the same push into solar power. The company was one of the bidders to win a Gujarat Urja Vikas Nigam auction for solar power capacity at Khavda solar park, alongside SJVN Green Energy and SAEL Industries. Investors will look out for commissioning of the remaining 100 MW capacity as well as how quickly Coal India is able to roll out renewables capacity across its business. 

Piramal Finance (PIRAMALFIN) profit jumps 67% to Rs 461 crore in Q1; board approves Rs 4,000-crore fundraise 

Piramal Finance’s consolidated net profit surged 66.8 percent year-on-year to Rs 461 crore in the June quarter from Rs 276.4 crore, while revenue from operations rose 27.6 percent to Rs 3,368.3 crore from Rs 2,639.3 crore. In another development, Piramal Finance’s board approved a proposal to raise up to Rs 4,000 crore through issue of equity shares, fully convertible securities or any other equity linked instruments, pending shareholders’ and regulatory approvals. Chairman Anand Piramal said the June quarter results reflect the strength of the company’s retail-led franchise it has created over the years, servicing nearly six million customers across the country. Piramal Finance is rated ‘BB’ by S&P Global and ‘Ba3’ with a positive outlook by Moody’s Investors Service. Investors will track asset quality metrics as well as the eventual shape and structure of the proposed fundraising plan. 

Sources

•  bseindia.com
• nseindia.com
• PTI
• Company press releases
• Exchange filings