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🇮🇳 India Daybook: Travel Food Services IPO Kicks Off, Engineers India & Blue-Chips Recommended

Published: 2025-07-07 07:15 IST | Category: Markets | Author: Abhi

📈 MARKET OPEN & OUTLOOK

The Indian stock market is expected to open flat to negative on Monday, July 7, 2025, as investors monitor updates regarding US President Donald Trump's tariffs. The US Treasury Secretary has indicated that tariffs will be enforced starting August 1 for countries that have not finalized agreements, and India has yet to strike a trade deal with the US. GIFT Nifty futures were down by 13 points at 25,528. Despite Muharram observance, both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will remain open for regular trading today, as Ashura fell on Sunday, July 6. The market is anticipated to be stock-specific, with foreign investor flows and global developments influencing sentiment. The April-June quarter (Q1FY26) earnings season is set to begin this week, with major IT companies like Tata Consultancy Services (TCS) reporting on July 10.

IPO & LISTING UPDATES

  • The initial public offering (IPO) of Travel Food Services opens for subscription today in the mainboard segment, with a price band of ₹1,045-1,100 and a lot size of 13 shares.
  • The basis of allotment for the Crizac IPO will be finalized today.
  • Shares of Vandan Foods, Cedaar Textiles, Pushpa Jewellers, and Silky Overseas are expected to list on the bourses today in the SME segment.
  • Chemkart India (SME) aims to raise ₹27.56 crore through a fresh issue of 2.24 million shares, with a price band of ₹113-123.
  • Allied Engineering Works also plans an IPO to secure funds for smart energy meter production.

📊 EARNINGS & BOARD MEETINGS

Several companies have scheduled board meetings for July 7, 2025, to consider and approve their financial results:

  • Arihant Capital Markets Limited will consider and approve financial results for the period ended June 30, 2025, along with fund-raising and other business matters.
  • DPSC Limited is set to approve financial results for the period ended June 30, 2025.
  • Siemens Energy India Limited will review financial results for the period ended March 31, 2025.
  • Nectar Lifesciences Limited will consider and approve yearly audited financial results for March 2025.
  • Take Solutions Limited is scheduled to approve financial results for the period ended June 30, 2025.
  • Iris Clothings Limited will hold a board meeting to consider other business matters.

💡 STOCK PICKS & ANALYST VIEWS

  • Sumeet Bagadia of Choice Broking has recommended three stocks to buy today: Wipro, ICICI Bank, and Hindustan Unilever.
  • The Hindu BusinessLine has highlighted Engineers India as a stock idea for today, noting its strong uptrend since March and potential for further gains.

📰 OTHER COMPANY NEWS

  • In the previous session, Trent Ltd saw a significant decline of 11.87% following a worse-than-expected outlook from management.
  • Shares of Nuvama Wealth dropped over 6% after SEBI prohibited Jane Street, a U.S.-based quant trading firm, from the Indian markets, affecting market sentiment and stocks like BSE and 360 ONE WAM.
  • India's leading private banks, including HDFC Bank, ICICI Bank, Axis Bank, and Kotak Mahindra Bank, collectively increased their market capitalization by over ₹4 lakh crore in 2025, primarily led by HDFC Bank.

TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News

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