Stocks to Watch, July 28: TCS, IT stocks, Adani Green, Bank of Baroda, BEL, GAIL, Reliance Power, Reliance Infra, RailTel, and more

The move is part of the company's broader strategy to become a "future-ready organisation," focusing on investments in technology, AI deployment, market expansion, and workforce realignment, TCS said in a statement.

NCI stands for non-controlling interest.

The company's PAT was ₹175 crore during the corresponding period of the previous fiscal year, Tata Chemicals said in a regulatory filing.

Its revenue from operations declined nearly 2% during the quarter under review to ₹3,719 crore, mainly due to the cessation of Lostock operations in the UK.

As per the latest Enforcement Report of the US Food and Drug Administration (USFDA), the Mumbai-headquartered Sun Pharmaceutical Industries is recalling 5,448 bottles of a generic medication in the US.

On an annual basis, profit figures are not comparable, as the bank had earned an exceptional gain of ₹3,520 crore from the sale of a 70% stake in Kotak Mahindra General Insurance to Zurich Insurance Company Limited last year.

During the quarter ended June 2025, the bank earned ₹1,248 crore as commission by selling priority sector loans.

Despite the sale in the first quarter, the total priority debt stands at 45.63% as against the regulatory requirement of 40% of the total loan, Canara Bank MD and CEO K. Satyanarayana Raju told PTI.

"We have a cushion under priority sector space. There is demand in the market, and we may take advantage of the Priority Sector Lending Certificate (PSLC) sale during the current quarter itself," he said.

The Chennai-headquartered bank reported a capital adequacy ratio of 17.80% for the April-June 2025 quarter, the bank's Managing Director and CEO Binod Kumar said.

"Approval is there. We have to raise ₹5,000 crore. Not QIP (Qualified Institutional Placement) or by any other instruments. But I do not think it (fundraising) will be required (immediately). 17.8% (of Capital Adequacy Ratio) is there…" he told PTI in a brief interaction.

In an interview with PTI, the company's Executive Director (Finance), Sushil Kumar Modi, noted that the high demand for residential properties being seen post-Covid pandemic would not only be sustained but also grow further, driven by the country's economic growth, income tax relief in the budget, and reduction in interest rates on home loans.

He sounded confident of achieving the target of selling ₹21,000 crore worth of properties in the current fiscal year, a 19% increase from the preceding year.

"We remain on track and are thereby confident of achieving ₹21,000 crore of pre-sales guidance for the current fiscal year," Modi said.

Under the agreement, LTTS will deliver advanced network software development and application engineering solutions.

"L&T Technology Services wins around $60 million software engineering engagement from US Tier-I Telecom Provider," LTTS said in a statement.

Its revenue from operations for the reporting quarter, however, increased 2% to ₹168.92 crore from ₹165.42 crore in Q1 FY25, the RPG group firm said.

"In Q1, we have sustained our sales growth momentum, reflecting the strength of our strategic execution and operational excellence," RPG Life Sciences Managing Director Ashok Nair said.

The company had posted a net profit of ₹145.25 crore during the April-June quarter of the previous fiscal year, according to a regulatory filing by Whirlpool of India, a subsidiary of US-based Whirlpool Corporation.

Its revenue from operations slipped 2.58% to ₹2,432.32 crore during the quarter under review. It was ₹2,496.86 crore in the corresponding period of the previous fiscal.

The Mumbai-based lender had earned a net profit of ₹681 crore in the same quarter of the previous fiscal year.

The total income rose to ₹11,869 crore during the June quarter of 2025-26 from ₹10,408 crore in the same quarter of FY25, IDFC First Bank said in a regulatory filing.

The state-owned lender had posted a net profit of ₹4,458 crore in the year-ago period.

Its operating profit grew by 15% year-on-year (YoY) to ₹8,236 crore in the April-June quarter of 2025-26, the lender said in a statement.

"The growth in operating profit was supported by 88% YoY growth in non-interest income to ₹4,675 crore in Q1FY26," it said.