Stocks in News: TCS, Groww, Shriram Finance, Dixon Tech, Anand Rathi Wealth

Markets recovered on Thursday after Wednesday’s sharp sell-off, with benchmark indices improving modestly amid supportive global cues. Going forward, markets will first react to TCS’s quarterly earnings in early trade on Friday. In addition, overnight geopolitical developments and their impact on crude oil prices will remain key factors on investors’ radars. Technically, analysts say the Nifty seems to have lost some momentum, and a broader consolidation phase is now likely.

In today’s trade, stocks of TCS, Groww, Shriram Finance, Dixon Tech, Anand Rathi Wealth will be in focus due to various news developments and first quarter results.

TCS
India’s largest IT services company Tata Consultancy Services (TCS) on Thursday reported a 5% year-on-year (YoY) growth in its consolidated net profit in the first quarter. Which in the same period of the previous year was Rs. 12,760 crores. The board for the financial year FY27 has fixed Rs. 12 has approved an interim dividend and fixed July 15 as the record date.

Grove
Groww has said that direct mutual funds will be central to its platform and open to investors, responding to confusion over its mutual fund offerings following Zerodha founder Nitin Kamath’s recent post on direct plans.

Sriram Finance
Non-banking finance company Sriram Finance is raising $1.3 billion through half a dozen foreign banks to lower its borrowing costs as it takes advantage of a rating upgrade after a large stake purchase by Japanese banking major, Mitsubishi UFJ Financial Group (MUFG).

Indian Oil
The CIC has upheld IOCL’s refusal to disclose decade-long nationwide fuel quality inspection and fraud records under the RTI Act despite the petitioner’s plea that the information was in public interest. The petitioner said consumers are “overburdened by fuel prices” and that information should be maintained centrally in today’s digital age.

Maruti Suzuki
Car market leader Maruti Suzuki India plans to add around 500 service points across the country in the current fiscal, its managing director and CEO Hisashi Takeuchi said on Thursday. The company, which opened its 6,000th service touchpoint in India on Thursday, opened a record 502 service touchpoints in 2025-26 and serviced over 2.84 crore vehicles, the highest in a single financial year.

Dixon Tech
Dixon Tech and Vivo have signed a JV agreement to expand smartphone manufacturing in India. Dixon owns 51% and Vivo Mobile India 49%. The government has approved Vivo’s investment, clearing the way for incorporation. The JV will manufacture Vivo smartphones and may also manufacture electronics for other brands

Premier Energy
Premier Energy commissioned a 5.6 GW solar module facility in Telangana, costing the company Rs. 12,500 crore capex has been set up as part of the plan to build capabilities and foray into new business segments. The company also held a ground-breaking ceremony for its 6 GWh Battery Energy Storage System (BESS) facility and 18,000 metric ton per annum aluminum frame facility, it said in a statement.

Anand Rathi wealth
Anand Rathi Wealth reported a 24% year-on-year (YoY) rise in consolidated profit after tax in the June quarter, while revenue rose 18% as the company grew assets under management to Rs. 1 lakh crore was crossed. The wealth management firm said profit after tax in Q1FY27 rose to Rs. 116 crore which in the same quarter last year was Rs. 93.8 crores. Total income Rs. 284.1 crore to Rs. 336 crore has been done. Profit before tax also grew by 24% year-on-year to Rs. 156 crores.