Stocks to Watch, July 11: Glenmark Pharma, HUL, TCS, IT stocks, Tata Elxsi, IREDA, Avenue Supermarts, and More
July 11, 2025: Several stocks are expected to show significant movement today due to positive or negative triggers. Investors and traders should keep an eye on these stocks for potential intraday opportunities.
Glenmark’s subsidiary IGI Therapeutics SA has entered into a major licensing agreement with US-based pharma giant AbbVie. Under this deal, AbbVie gains exclusive rights to manufacture and sell Glenmark’s new drug ISB 2001 in North America, Europe, Japan, and China. IGI will receive an upfront payment of $700 million (approx. ₹5,800 crore) as part of the agreement. This is a significant milestone for Glenmark, strengthening its position in the global pharmaceutical space.
TCS reported a 6% increase in net profit for Q1 FY2026, amounting to ₹12,760 crore. Revenue grew by 1.3% to ₹63,437 crore. The company also announced an interim dividend of ₹11 per share to its shareholders.
Tata Elxsi’s profit declined by 21.6% to ₹144.4 crore for the quarter ended June 2025. Revenue dropped by 3.7% to ₹892.1 crore.
IREDA saw its quarterly profit fall 36% to ₹247 crore. However, revenue increased to ₹1,947 crore. Total expenses also rose significantly.
CEO Rohit Jawa will step down on July 31, 2025. The board has appointed Priya Nair as the new MD and CEO, effective August 1, 2025, for a five-year term.
The company has approved plans to raise ₹500 crore via private placement, primarily from promoters and capital ventures. The funds will be used to prepay existing loans, aiming to become debt-free by the end of the fiscal year.
Both companies have signed a five-year agreement under which Petronet LNG will re-gasify approximately 25 trillion British Thermal Units (BTUs) of liquefied natural gas annually, mainly at the Dahej terminal.
Tata Elxsi, HUL, DMart, SBI Cards, Aditya Birla Money, JB Chemicals, Aegis Logistics, Centrum Capital, International Travel House, Navkar, Anand Rathi Wealth, Droneacharya Aerial, Elecon Engineering, Astonea Labs, among others.
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