Markets extended their winning streak on Monday, supported by encouraging quarterly business updates. Technically, analysts say the Nifty has further strengthened its bullish structure by surpassing the crucial hurdle of the 200-day EMA around the 24,421 mark. The index now appears well-positioned to inch towards the 24,600 level, which coincides with the previous swing high, and a decisive breakout above this zone could open the door for a move towards the 25,000 mark.
In today's trade, shares of RIL, Trent, Titan, Cochin Shipyard, Nestle among others will be in focus due to various news developments.
RIL
Reliance Industries has received an administrative warning from Sebi after the regulator found that two employees and one immediate relative of an employee had traded in the company’s shares while in possession of unpublished price sensitive information.
Trent
Trent reported a 19% year-on-year (YoY) rise in standalone revenue for the June quarter, helped by continued expansion of its store network and growth in its fashion retail business. The Tata Group retailer said standalone revenue from operations, excluding GST, stood at Rs 5,666 crore in Q1FY27, compared with Rs 4,781 crore in the same quarter last year.
Titan
Titan Company said its consumer businesses grew about 41% year-on-year in the June quarter, helped by strong jewellery demand, store expansion and a sharp rise in its international business. The Tata Group company added 77 stores on a net basis during Q1FY27, taking its total retail network to 3,680 stores as of June 2026.
Cochin Shipyard
The government will sell up to 5.04% stake in Cochin Shipyard Ltd through an offer for sale, with the floor price fixed at Rs 1,400 per share. The offer will open for non-retail investors on July 7, while retail investors will be able to place bids on July 8.
Indian Oil
Indian state refiners Indian Oil Corp and Hindustan Petroleum Corp have together purchased about 7 million barrels of crude oil through tenders last week, Reuter reported. Prices for the deals were not immediately available.
Nestle
Packaged foods maker Nestle announced the setting up of its new Global Capability Center (GCC) in Hyderabad, India, through its shared services division called Nestle Business Solutions (NBS), joining a growing set of MNCs including L’Oreal, McDonald’s and Carlsberg setting up such centres in India. The GCC will be established under Nestle Business Services India in partnership with Genpact.
