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  1. Stocks to Watch, July 9: Hindalco, Hindustan Copper, JSW Steel, Signature Global, pharma stocks, India Shelter Finance

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Stocks to Watch, July 9: Hindalco, Hindustan Copper, JSW Steel, Signature Global, pharma stocks, India Shelter Finance

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5 min read | Updated on July 09, 2025, 08:27 IST

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SUMMARY

Stocks to Watch: Shares of metal companies will be in focus as US President Donald Trump announced that copper entering the US from other countries is set to face a new tax of 50%. Reacting to the announcement, US Comex copper futures jumped more than 12% to a record high.

Stocks to Watch

The GIFT NIFTY futures suggest that the NIFTY50 index will open 24 points lower. | Image: Shutterstock

Stocks to Watch: The domestic equity market will likely open in the red on Wednesday, July 9. The GIFT NIFTY futures suggest that the NIFTY50 index will open 24 points lower.
Here is a list of stocks that may remain in focus today.
Metal stocks: Shares of metal companies will be in focus as US President Donald Trump announced that copper entering the US from other countries is set to face a new tax of 50%. Reacting to the announcement, US Comex copper futures jumped more than 12% to a record high.
Pharma stocks: Pharma stocks will also be in the spotlight as Trump threatened to impose 200% tariffs on drug imports after a transition period that could last more than a year.

“We’ll be announcing something very soon on pharmaceuticals,” he said, increasing pressure on the sector. “We're going to give people about a year, year and a half to come in, and after that they’re gonna be tariffed if they have to bring the pharmaceuticals into the country at a very high rate, like 200 per cent," Trump said.

Besides, pharma stocks will be in focus also because of the news that the Goods and Services Tax (GST) Council is likely to consider a clarificatory relief on the availability of Input Tax Credit (ITC) on free drug samples provided by pharma companies to doctors and hospitals.

Signature Global: Realty firm Signature Global on Tuesday reported a 15% decline in sales bookings to ₹2,640 crore in the first quarter of this fiscal as it sold fewer homes.

Its sales bookings, or pre-sales, stood at ₹3,120 crore in the year-ago period.

In a regulatory filing, the company said it sold 778 homes in April-June 2025 compared to 968 units in the year-ago period.

In terms of volumes, pre-sales dipped 20% to 16 lakh sq ft.

Tata Steel: In 1QFY26, Tata Steel India crude steel production was 5.26 million tonnes, and deliveries were 4.75 million tonnes. The maintenance-related shutdowns in Jamshedpur (reline of G Blast Furnace) as well as at Neelachal Ispat Nigam Limited (NINL) have led to a decline in finished goods production, adversely impacting our deliveries.

Operations have since resumed at NINL, and the relining of G Blast Furnace is progressing and is expected to be completed in July 2025.

JSW Steel: JSW Steel on Tuesday said its crude steel production increased 14% to 7.26 million tonnes (MnT) in the June quarter, compared to 6.35 MnT produced in the same period a year ago.

However, on a quarter-on-quarter (q-o-q) basis, the production was lower by 5% compared to 7.63 MnT during January-March or the last quarter of FY25, primarily due to planned maintenance shutdowns of blast furnaces, JSW Steel said in a filing.

Following planned maintenance shutdowns, the blast furnaces have been restarted and are operating at optimum capacity levels, the company said.

India Shelter Finance Corporation: Venture capital firm Nexus Venture Partners on Tuesday divested a 4.63% stake in India Shelter Finance Corporation for ₹425 crore through open market transactions.

US-based Nexus Venture Partners, through its affiliates – Nexus Opportunity Fund II and Nexus Ventures III – offloaded a total of 50 lakh shares, amounting to a 4.63% stake in Gurugram-based India Shelter Finance Corp, as per the bulk deal data on the NSE.

The shares were disposed of in the price range of ₹850.85-₹850.88 apiece, taking the combined deal value to ₹425.45 crore.

After the latest transaction, Nexus Venture Partners' holding in India Shelter Finance Corp has come down to 10.62% from 15.25%.

Dixon Technologies: In its filing to stock exchanges, the company said that Lightanium Technologies has been incorporated as a joint venture of Dixon Technologies (India) and Signify Innovations ("Signify").
Tata Motors: Tata Motors on Tuesday reported a 9% dip in total global sales to 2,99,664 units in the June quarter.

The company had sold 3,29,847 units in the April-June quarter of FY25.

Global wholesales of passenger vehicles were lower by 10% year-on-year at 1,24,809 units in the first quarter, Tata Motors said in a statement.

Jaguar Land Rover dispatches stood at 87,286 units in the April-June quarter, a drop of 11% over the same period last fiscal.

Union Bank of India: The bank reported its business update for the quarter ended June 30, 2025. The lender said its total business with the bank grew by 5.01% YoY during Q1 FY26.
360 ONE: Fair trade regulator CCI on Tuesday approved 360 ONE Group's proposal to acquire certain businesses of Switzerland-based multinational investment bank UBS AG.

"The proposed combination comprises the acquisition of the portfolio management services business of Credit Suisse Securities (India) Pvt Ltd in India by 360 ONE Portfolio Managers Ltd and stock broking services and financial product distribution services of CS Securities by 360 ONE Distribution Services Ltd (360 Distribution)," the Competition Commission of India (CCI) said in a release.

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