Stocks in news: RIL, Trent, Titan, Cochin Shipyard, Nestlé, Indian Oil

Markets extended their winning streak on Monday, boosted by quarterly business updates. Technically, analysts say the Nifty has strengthened its bullish structure by crossing the crucial barrier of the 200-day EMA around the 24,421 mark. The index now looks 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, stocks including RIL, Trent, Titan, Cochin Shipyard, Nestlé will be in focus due to various news developments.

R.I.L
Reliance Industries has received an administrative warning from Sebi after the regulator found that two employees and an immediate relative of an employee traded in the company’s shares in possession of undisclosed price sensitive information.

Trent
Trent reported a 19% year-on-year (YoY) rise in standalone revenue in 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 non-GST operations in Q1FY27 stood at Rs. 5,666 crore, compared to Rs. 4,781 crores.

Titan
The titan company said its consumer business grew about 41% year-on-year in the June quarter, helped by strong jewelery demand, store expansion and sharp growth in its international business. The Tata group company added 77 stores on a net basis during Q1FY27, taking its total retail network strength to 3,680 by June 2026.

Cochin Shipyard
The government will sell up to 5.04% stake in Cochin Shipyards Limited through an offer for sale, with a floor price per share of Rs. 1,400 has been fixed. The offer will open to non-retail investors on July 7, while retail investors can bid on July 8.

Indian Oil
Indian state refiners Indian Oil Corp and Hindustan Petroleum Corp bought about 7 million barrels of crude oil through tenders last week, Reuters reported. Pricing for the deal was not immediately available.

Nestlé
Packaged food maker Nestlé announced the establishment of its new Global Capability Center (GCC) in Hyderabad, India through its shared services division called Nestlé Business Solutions (NBS), with a growing set of MNCs including L’Oreal, McDonald’s and Carlsberg setting up such centers in India. GCC will be set up under Nestlé Business Services India in partnership with Genpact.