GLOBECIVIL

** Shares of Cohance Lifesciences COHA.NS decline 6.8% to 918.7 rupees; on track for biggest intraday pct drop since August 2022

** Pharma co posts a 35% drop in first-quarter consol net profit; rev jumps ~13% but expenses are also up 22%

** About 327,000 shares traded, 1.7x the 30-day avg

** Year-to-date, stock down ~19%

** Despite Q1 results, stock rated "strong buy" on avg, median PT is 1,235 rupees

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** India's Bluestone Jewellery and Lifestyle's IPO BLUT.NS fully subscribed on final day of bids

** IPO subscribed 1.14 times as of 1:27 p.m. IST; portion set aside for qualified institutional buyers subscribed 1.58x

** Shares reserved for retail investors subscribed 1.05 times

** IPO priced at 492-517 rupees per share

** Bidding closes at 5:00 p.m.

** IPO consists of shares worth 8.2 billion rupees for fresh issue; shareholders offloading 13.9 million shares

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** P N Gadgil Jewellers PNGD.NS gains 5.6% to 579.3 rupees; eyes best day in more than a month

** Co's Q1 consol net profit surges 96% y/y; rev up 2.8%

** Spot gold XAU= prices rose 5.5% in the quarter, driving strong results for Titan TITN.NS, PC Jeweller PCJE.NS earlier this month

** Stock was trading ~1.5% higher ahead of results

** YTD, PNGD down 13%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Ceigall India CEIG.NS decline 4.2% to 247 rupees; set for worst day since early-May

** Infra firm posted a 33% y/y drop in April-June consol net profit at 531.8 million rupees ($6.1 million)

** Expenses rise 8%, while rev grew about 2%

** YTD, stock down 27%

($1 = 87.6250 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Indian refiners drop amid a 0.8% dip in benchmark Nifty 50 index .NSEI after U.S. announced additional 25% tariff on Indian goods over its Russian oil purchases .BO

** Hindustan Petroleum Corp HPCL.NS, Bharat Petroleum BPCL.NS drop 1.9% and 2.5%, respectively

** Heavyweight Reliance Industries RELI.NS declines 1.6%; co flags that continuing geopolitical and tariff-related uncertainties may affect trade flows and supply-demand balance

** Indian Oil Corp IOC.NS down 1.4%

** Sub-indexes Nifty oil and gas .NIFOILGAS and energy .NIFTYENR down 1.6% each

** Jefferies analysts say "a clean break from Russian trade on all items will be tough for India"

** Analysts flag fears over a spike in costs if India were to replace Russian crude oil with other sources

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Bharat Forge BFRG.NS shares fall as much as 2.4% to 1,132.8 rupees, lowest level in 3 months

** Stock last down 1.3%

** Auto parts maker flags "challenging" export market in FY26 due to U.S. tariffs on Indian goods

** "... we are cautious on the outlook for the U.S. exports business for the remainder of the fiscal," co's managing director, B.N. Kalyani, says

** Q1 export sales fell 12.7%; exports make up 51% of total rev from ops, which dropped 2.7%

** YTD, BFRG down 12%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Indian IT services firm LTIMindtree LTIM.NS gains 0.9% to 5,062 rupees

** Co awarded Indian government's tax card upgrade project, known as PAN 2.0, Reuters reports, citing a government source aware of the matter

** The project, approved by Prime Minister Narendra Modi's administration in November 2024, is expected to go live in 18 months, the report says

** LTIM and the income tax department did not immediately respond to Reuters' requests for comment

** Stock was trading 0.2% higher before the report

** YTD, stock down over 9%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Hyundai Motor India HYUN.NS reported a quarterly profit beat, as a rise in exports helped cushion a drop in overall sales

** Shares edge higher by 0.2% to 2,090.4 rupees compared to a 0.7% decline in benchmark Nifty 50 .NSEI index

NEW LAUNCHES TO DRIVE GROWTH

** Nomura ("buy," PT: 2,417 rupees) says while fiscal year 2026 will likely register slower growth, a strong pick-up in volumes is expected from FY27 onwards as new model cycle kicks in and capacity expands

** AMSEC ("buy," PT: 2,500 rupees) says co's new facility ramp-up and a slew of new launches are expected to back strong growth visibility

** Ambit Institutional Equities ("buy," PT: 2,168 rupees) says earnings will be muted over next six months, however, new launches and a focus on exports will boost volumes recovery from FY27 onwards

** Emkay Global (“add,” PT: 2,200 rupees) says a gradual uptick from the upcoming festive season in India will likely aid recovery for co; adds that historically new model launches have been a key growth driver for the passenger vehicles industry

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Indian courier delivery firm Blue Dart Express BLDT.NS falls 2.1% to 6,340.5

** Co posted a ~9% y/y decline in first-quarter profit as higher expenses offset a rise in volumes; rev increased 7%, while expenses rose 8%

** Stock rated "strong buy" on avg, median PT at 1,400 rupees - data compiled by LSEG

** BLDT down ~19% as of Tuesday's close

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Updates

** Shares of Torrent Pharma TORP.NS climb as much as 2.5% to a record high of 3,713.1 rupees

** Stock is second-top gainer in the pharma sub-index .NIPHARM, which is up 0.18%

** The drugmaker's Q1 consol net profit up 20% y/y on strong demand for drugs used to treat long-term conditions

** At least 10 brokerages increased PTs after the results, raising median PT to 3,800 rupees from 3,580 rupees last month, as per data compiled by LSEG

** HSBC says continued traction in TORP's India and Brazil segments, a pick-up in U.S. sales to support a healthy EBITDA margin outlook

** Co expects EBITDA margins of at least 32.9% for the remaining quarters of FY26; its operating EBITDA margins stood at 32.5% in Q1

** Jefferies expects TORP's India, Brazil sales to continue outperforming, while losses in U.S. likely to reduce through fiscal year

** TORP up ~8% YTD, as of Monday's close

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Adds chart, updates

** Tata Consultancy Services TCS.NS falls as much as 1.73% to 3,081.6 rupees, lowest in nearly four months; last down 1.4%

** India's largest IT services provider to cut 2% of its workforce, or ~12,000 jobs, in FY26, affecting middle, senior management

** Citi says move reflects changes in industry, including higher tech investments in AI

** Flags pressure on margins due to slowing growth, tech changes, need for investments; maintains cautious view on sector

** Jefferies says move reflects weak demand environment for industry

** Notes layoffs may lead to execution slippages in near-term; sector's earnings outlook remains subdued

** Stock rated "buy" on avg; median PT is 3,715 rupees, per data compiled by LSEG

** YTD, TCS down 23%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Indian engineering and technology firm Cyient CYIE.NS climbs 2.5% to 1,273 rupees

** Co posts a ~7% y/y rise in first-quarter profit on strong deal wins, rev up ~2%

** Stock rated "hold" on avg, median PT at 1,315 rupees - data compiled by LSEG

** Year-to-date, stock down ~31%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Force Motors FORC.NS surge as much as 19.6% to a record high of 20,500 rupees; last up 15.6%

** The Traveller van manufacturer posted a ~55% y/y rise in first-quarter net profit, aided by strong demand for its multi-seater vans

** Rev from ops grew ~22% to 22.97 billion rupees ($266.2 million)

** Stock on track to log busiest trading session in more than 2 years, volumes at 5.6x the 30-day avg

** Year-to-date, stock up 203%

($1 = 86.3010 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Indian real estate developer Oberoi Realty OEBO.NS skids 3.3% to 1,765.3 rupees; set for worst day since early-May

** About 509,000 shares changed hands in eight block deals priced between 1,756.3-1,771.9 rupees apiece - data compiled by LSEG showed

** Block deals at 3%-3.8% discount on Tuesday's last close

** Stock eyes busiest trading session since early-June

** Overall, more-than 2 million shares traded, volumes at 3.6x the 30-day avg

** Year-to-date, stock down ~24%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Dhanlaxmi Bank DNBK.NS climb as much as 5.7% to 30.8 rupees, last up 1%

** Lender posted net profit of 121.8 million rupees($1.4 million) in the quarter ended June 30, from loss of 80 million rupees a year ago

** Interest earned grew 20% on-year, while total income rose 20.5%

** Stock eyes busiest trading day in 11 sessions, volumes at 2.9x the 30-day avg

** Year-to-date, stock down ~6%

($1 = 86.2370 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Updates

** Shares of Reliance Industries RELI.NS fall 2.1% to 1,445 rupees; set for worst day since early-April

** Stock top drag on benchmark Nifty 50 index .NSEI, which is up 0.3%

** Co beat quarterly profit estimates on Friday, boosted by strong digital segment and gains from the sale of its stake in Asian Paints ASPN.NS

OIL-TO-CHEMICALS, RETAIL SEGMENTS MISS EXPECTATIONS

** Nomura ("buy", PT: 1,600 rupees) highlights lower-than-anticipated performance in retail and mainstay oil to chemicals (O2C) business; adds weak performance in O2C due to planned maintenance, higher feedstock and freight costs

** CLSA ("outperform", PT: 1,650 rupees) says RELI's 3% miss on O2C EBITDA, 5% miss in retail EBITDA overshadowed beat in upstream and Jio segments

** PL Capital ("accumulate", PT: 1,555 rupees) says co's standalone EBITDA dropped primarily due to inventory losses and refinery shutdowns

** Jefferies ("buy", PT: 1,726 rupees) says co's consol EBITDA was 3% below their estimates due to weakness in O2C, retail; adds, however, outlook on the O2C segment is positive

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** India's fourth-largest IT services firm Wipro WIPR.NS drops 0.7% to 261.05 rupees ahead of first quarter results

** Analysts, on avg, expect co to post consolidated revenue of 220.59 billion rupees vs 219.6 billion rupees revenue a year ago - data compiled by LSEG

** However, Jefferies analysts project soft quarterly earnings for Indian IT firms on tepid client spending and deal ramp-downs

** Peers Tata Consultancy Services TCS.NS, Tech Mahindra TEML.NS missed quarterly revenue estimates as clients remained cautious about discretionary spending amid tariff-related uncertainty

** Analysts at Systematix Research said WIPR earnings will likely reflect weak demand in Europe as well

** Year-to-date, WIPR down ~14%, while Nifty IT index .NIFTYIT declined 14% as well

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Changes sourcing

** Shares of PVR Inox PVRL.NS down 1.2% to 987 rupees

** Karnataka state government has proposed to cap movie ticket prices across the state at 200 rupees ($2.33), inclusive of entertainment tax, document shows

** Stock rated "buy" on avg, median PT at 1,250 rupees - data compiled by LSEG

** The state government's media team did not immediately respond to a Reuters' request for comment

** YTD, stock down 25%

($1 = 85.7375 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of newly-listed Sambhv Steel Tubes SMBV.NS rise 4% to 122.3 rupees

** Steel pipe maker reported ~50% y/y rise in total products' sales at 92,706 units for the quarter ended June 30

** Co started trading in Mumbai on July 2

** Stock up 11% since debut

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Laxmi Dental LAXD.NS jump 5.8% to 454 rupees; their highest level in five months

** Brokerage Motilal Oswal begins coverage on stock with "buy" rating, PT of 540 rupees

** PT implies a ~26% upside on last close

** Brokerage says co well-placed in the industry, which is currently experiencing strong tailwinds for growth

** Expects co to deliver a 24% revenue CAGR and 62% PAT CAGR over FY25-27

** Says co's pediatric dental unit is "primed for robust growth"

** Adds, aligners segment to likely reach 33% revenue CAGR to 1.4 billion rupees by FY27 on co's lead as sole aligner firm selling customized clear aligners in India

** Stock down 16% since debut on January 20

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))