Stock markets remained volatile and closed slightly lower on Tuesday, continuing their recent pattern of consolidation. Investors are now watching company announcements for the April–June quarter results, while developments related to a possible trade deal between India and the United States are also being closely followed.
Several companies are expected to remain in focus on Wednesday due to key updates and financial disclosures.
Nykaa
FSN E-Commerce Ventures, the parent of Nykaa, is likely to see movement as early investor Harindarpal Singh Banga, along with Indra Banga, plans to sell shares worth up to Rs 1,200 crore through a block deal. The transaction is expected to be executed today.
Motilal Oswal Financial Services
The company has achieved a key milestone with its Asset Management Company (AMC) crossing Rs 1.5 lakh crore in Assets Under Management, reflecting strong investor interest.
Rail Vikas Nigam Limited (RVNL)
The company has appointed Chandan Kumar Verma as its new Chief Financial Officer (CFO), effective July 2. He previously served as Executive Director – Finance at RVNL.
SpiceJet
The airline confirmed a minor incident where a cosmetic window frame on one of its Bombardier Q400 aircraft became loose during a flight and was later found dislodged. SpiceJet stated the issue did not affect passenger safety or the aircraft’s structural integrity.
DMart (Avenue Supermarts)
The retail chain reported a 16% year-on-year rise in standalone revenue for the first quarter of FY26. Total revenue stood at Rs 15,932.12 crore, showing steady growth in consumer demand.
Nestle India
The company has added a new Maggi Noodles production line at its Sanand plant in Gujarat. This expansion was done with an investment of Rs 105 crore to meet growing consumer demand.
Yes Bank
Pankaj Sharma has resigned from the role of Chief Strategy and Transformation Officer, effective July 2. He has stepped down to explore other opportunities outside the organisation.
PNB Housing Finance
The Board has proposed raising up to Rs 10,000 crore through non-convertible debentures (NCDs) on a private placement basis. This plan will be presented at the upcoming Annual General Meeting.
Voltas
The company received a Show Cause Notice from the Central GST Commissionerate, Dehradun, for alleged short payment of GST worth Rs 265.25 crore. The notice relates to the financial years 2018–19 to 2020–21 and involves Universal Comfort Products, which merged with Voltas in FY21.
Punjab National Bank (PNB)
The bank reported a 11.6% rise in global business, reaching Rs 27.19 lakh crore. Domestic business increased to Rs 26.17 lakh crore, up 11.1%. Global deposits grew 12.8% to Rs 15.89 lakh crore, while domestic deposits rose 12.2% to Rs 15.37 lakh crore. Global advances were up 9.9% to Rs 11.31 lakh crore and domestic advances increased 9.7% to Rs 10.80 lakh crore.
Indian Bank
The bank posted a 10.2% rise in total business for Q1, which stood at Rs 13.44 lakh crore. Deposits grew 9.3% to Rs 7.44 lakh crore and gross advances increased 11.3% to Rs 6 lakh crore.
– Ends