Stocks to watch, July 7: Cochin Shipyard, Titan, Trent, OMCs, Varun Beverages, RITES, JB Chemicals

The domestic stock market is expected to open in the green on Tuesday, July 7. The GIFT NIFTY futures suggest that the NIFTY50 index will open 80 points higher.

The company's jewellery business increased 39% YoY. Titan Company said that growth across the brand portfolio was contributed by healthy festive and Akshaya Tritiya demand during the quarter.

“Amidst (relatively) stable gold prices, portfolio buyer growth came in at early double-digits, and average ticket sizes grew in the high double-digits. The core Jewellery categories of plain and studded grew (individually) in the mid-thirties, with coins continuing its investment-led strong double-digit growth momentum during this period,” the company said.

The move, driven by weakening demand in Asia and easing geopolitical tensions in the Middle East, is expected to lower crude procurement costs for refiners and could support marketing margins if lower input costs are sustained.

The floor price has been fixed at ₹1,400 per share. This is around a 7% discount to the closing price of ₹1,504.75 on the BSE.

The OFS opens for non-retail investors on July 7, while retail investors can place bids on July 8.

Trent's standalone revenue for the corresponding June quarter a year ago was at ₹4,781 crore, according to the update filed on Monday. The company operates retail stores under the brand names such as Westside, Zudio and Star.

"Revenue from sale of merchandise (excl. other operating income) also grew by 19% during the quarter ended June 2026," said Trent.

During the quarter, Trent opened 1 Westside and 19 of its value-offering format Zudio, which targets the affordable fast fashion segment.

Besides, Trent also has the grocery business Star.

"As of 30th June 2026, our portfolio of 1,312 stores includes 301 Westside, 982 Zudio (including 7 in the UAE) and 29 stores across other lifestyle concepts," it said.

The company allotted 2.57 crore equity shares to qualified institutional buyers, aggregating to Rs 1,500 crore. Following the allotment, STL's paid-up equity share capital increased to Rs 102.78 crore, comprising 51.39 crore equity shares, the company said in a statement.

The QIP saw participation from both domestic and global investors, including Motilal Oswal, Nomura, HSBC and Oxbow, among others.

"STL…has raised ₹1,500 crore through a Qualified Institutions Placement (QIP). The entire process saw participation by reputed domestic and global investors including Motilal Oswal, Nomura, HSBC, Bank of India, Oxbow, Think Investments, Bandhan and Manulife, among others,” the company said.

The company said it is now the only Indian manufacturer to design and build the entire drone propulsion stack in-house—from electric motors, controllers and firmware to power electronics, carbon-fibre propellers, UAV engines and starter-generators—reducing reliance on imported components and strengthening indigenous defence manufacturing capabilities.

Executed under the Hybrid Annuity Model (HAM) as part of the Bharatmala Pariyojana, the six-lane access-controlled greenfield highway has been declared fit for commercial operation with effect from June 2, 2026, marking a key milestone in the project's execution.

The size of the contract is USD 35,820,000.

“The Scheme shall become effective upon filing of the certified copy of the Order with the Registrar of Companies. The Company will intimate the Stock Exchange of the effective date in due course, upon the Scheme becoming effective,” JB Chemicals said in the filing.

In October 2025, the Competition Commission of India (CCI) had approved Torrent Pharma’s proposed acquisition of JB Chemicals & Pharmaceuticals Ltd.

The board also approved increasing the company's authorised share capital from ₹45 crore to ₹63 crore to facilitate the proposed issuance, subject to shareholders' and regulatory approvals.