Stocks To Watch Today, July 7, 2026: Trent, Varun Beverages, Hexaware Tech, RITES & Embassy Developments

Mumbai, July 7: Investors in India will be tracking Trent stocks on Tuesday as the company has posted 19% growth in Q1. Varun beverages stock will be under spotlight after it announced acquisition of dairy business of a Kenya-based company. Here is what you should be tracking.

Trent Ltd (TRENT) Record Standalone Revenue Growth of 19% YoY in Q1FY27 at Rs 5,666 Crore

The Tata Group retailer’s standalone revenue from operations surged 19% year-on-year in the June quarter on account of continued store addition under both its Westside and Zudio formats. TRENT said standalone revenue from operations at Rs 5,666 crore in Q1FY27 was higher than Rs 4,781 crore recorded in the year-ago period, while revenue from merchandise sales grew at the same rate. Trent said the number of stores increased to 1,312 as of June 30 from 1,292 at the end of March. This included 982 Zudio stores (seven outlets located in the UAE) and 301 Westside stores after a net addition of 20 stores during the quarter. Brokerages have highlighted Westside as the main growth driver in the years ahead and estimated like- for-like growth to be faster at this format than Zudio. Trent said the numbers mentioned in the announcement are provisional and subject to statutory audit.

Varun Beverages (VBL) Kenya Unit to Acquire Dairy Business of Devyani Food Industries For $32 Million

India’s second-largest PepsiCo bottling partner said its wholly-owned subsidiary VBL Industries (Kenya) Ltd has entered into a business transfer agreement to acquire Devyani Food Industries (Kenya) Ltd’s value added dairy beverages, juices and packaged drinking water business for $32 million or approximately Rs 305 crore. The deal comprises of a manufacturing facility located on a 52-acre land with a built-up area of 17,500 square metres in Nakuru and is expected to close by August 1, 20 26. Varun Beverages said since Devyani Food Industries (Kenya) is part of its promoter group, the transaction amounts to related party deal. However, it was conducted at arm’s- length and in accordance with the company’s policies. Additionally, the Kenya unit would also be launching its carbonated soft drinks portfolio soon. Shares of Varun Beverages had closed lower on the day of the announcement, while benchmark indices ended higher.

Hexaware Technologies (HEXT) Forays Into AI-Native Customer Operations with SmartRent Partner Pact

Hexaware Technologies entered into a partnership with NYSE-listed SmartRent, a technology company that provides software solutions and services to apartment communities and the rental housing industry. The deal is aimed at powering AI native transformation across key functional areas of SmartRent program via three connected workstreams. Firstly, Hexaware will operate SmartRent’s customer support operations function out of its Hyderabad delivery centre using Voice AI agents across voice, email and chat channels. This will be alongside an intelligent bill-to-cash platform to augment revenue operations. It will also deploy Salesforce Revenue Cloud Advanced to simplify SmartRent’s lead-to-order journey. “This partnership arms SmartRent with the operational depth and technology prowess to deliver our services faster, smarter and at scale,” said SmartRent’s chief executive officer.

RITES (RITES) Secures $35.82-Million Order From South Africa’s Volantis Asset Finance

RITES said it has received an order from Volantis Asset Finance (Pty) Ltd, South Africa, for supply and commissioning of 4,000 HP Cape Gauge diesel- electric locomotives worth $35.82 million. “The contract will be executed in a period of 20 months and shall be added to the order book upon signing of contract by both parties after due diligence,” RITES added. It further clarified that the company’s promoters or promoter group has no interest in the awarding entity and the transaction does not involve related-party transactions.

Embassy Developments (EMBDL) Authorises Rs 1,170-Crore Addl. Debenture Issue

The board of directors of Embassy Developments approved the issuance of additional debentures of up to Rs 1,170 crore on a private placement basis to raise additional funds, in one or more tranches. This would take the overall size of the issue to up to Rs 1,570 crore, from Rs 400 crore earlier. Shares of the company have been moving up despite the company grappling with insolvency-related litigation. Last year, the National Company Law Appellate Tribunal stayed the bankruptcy proceedings initiated against the company. In June, it had signed a non-binding memorandum of understanding to take on a commercial project worth Rs 408 crore at Lucknow.

Source: bseindia.com, nseindia.com; PTI; company filings