Stocks to watch, July 14: TCS, Wheels India, Cipla, DMart, Marico, NLC India, HCL Technologies, Ola Electric

The Indian equity markets are likely to open marginally lower as indicated by the NIFTY futures traded at Gift City in Ahmedabad. NIFTY futures at Gift City also known as Gift NIFTY futures fell 7 points to 25,184.

Avenue Supermarts reported a marginal decline in its consolidated net profit at ₹773 crore for the April to June quarter of financial year 2025-26. The retail firm had seen a net profit of ₹774 crore in the same period last fiscal year.

The company's revenue from operations, however, grew 16.3% year-on-year (YoY) at ₹16,358.7 crore in contrast to ₹14,069 crore in Q1 FY25.

The subsidiary WIL Europe GmbH is in the process of formation and is yet to commence operations. It is being developed to expand and do business activities in Europe, Wheels India said.

"We wish to inform you that the company has infused funds Euro 50,000 towards the equity share capital of WIL Europe GmbH proposed to be incorporated in the name of WIL Europe GmbH, a wholly owned subsidiary of the company," Chennai-based Wheels India said in a regulatory filing.

Speaking to PTI, after the release of the June quarter results, where the business witnessed headwinds on growth and margins, Seksaria made it clear that TCS will focus on growth with profitability.

The company showed a 6 per cent increase in net on non-core income as demand got impacted due to macroeconomic and geopolitical troubles, and deferred its annual wage hikes that typically set in from April.

He said, out of Rs 1.25 lakh crore planned capex, the company will be spending around Rs 65,000 crores on renewables and other green initiatives, while around Rs 45,000 crores will be earmarked for thermal and around 15,000 crores for mining.

The official elaborated that out of the Rs 65,000 crore capex on renewables, around Rs 15,000 crore will be on the battery storage system.

The Mumbai-based firm is also strengthening its presence in the central nervous system (CNS) therapeutic area, he stated in his address to shareholders in the company's Annual Report for 2024-25.

"Our efforts are rooted in understanding patient needs, reducing stigma, and delivering differentiated therapies for niche indications...obesity is emerging as a priority area for Cipla. With a clear strategic intent, we are preparing to enter the weight management segment in India, aiming to address the rising demand for effective obesity solutions," Vohra stated.

The company, which owns popular brands as Saffola, Parachute, and Livon, crossed the Rs 10,000-crore revenue milestone in the last 2024-25 fiscal.

Terming this as an achievement, Mariwala, in the latest annual report of the company, said it is a reflection of the strength of Marico’s brands and innovations, which are a “vital lever” in the pursuit of purposeful growth.