Stocks to Watch on Thursday, July 17: Indian Hotels, NTPC, NLC India, Tech Mahindra, ITC Hotels, HDFC Bank and more

Among Sensex firms, Mahindra & Mahindra, Tech Mahindra, State Bank of India, Infosys, Adani Ports and ITC were the major gainers. However, Eternal, Sun Pharma, Tata Steel, Tata Motors, Bajaj Finance and Bharat Electronics were among the major laggards.

Indian Hotels (IHCL)

Tata Group hospitality firm Indian Hotels Company Ltd has acquired over 3.3 lakh equity shares through a rights issue in wholly-owned arm ELEL Hotel and Investment Ltd for over Rs 165 crore. ELEL Hotel and Investment Ltd holds the leasehold rights for the land parcel at Bandstand Bandra, under which Taj Bandstand is proposed to be developed, Indian Hotels Company Ltd (IHCL) said in a regulatory filing.

NTPC

Shares of NTPC will remain in focus after the government permitted state-run firm to invest up to Rs 20,000 crore for renewable energy capacity addition to achieve 60 GW capacity by 2032. The earlier approved prescribed limit for NTPC was Rs 7,500 crore.

NLC India

The government on Wednesday allowed state-run NLC India to invest Rs 7,000 crore in its subsidiary NIRL to enhance renewable energy capacity in the country. The decision will help NLC India to add 10.11 GW renewable energy capacity by 2030, taking it to 32 GW by 2047.

Tech Mahindra

IT services firm Tech Mahindra on Wednesday posted a 33.9 per cent rise in consolidated net profit for the April-June quarter to Rs 1,140.6 crore. The Pune-headquartered firm had logged a net profit (attributable to owners of the company) of Rs 851.5 crore in the year-ago period, according to a regulatory filing. Revenue from operations for the first quarter of FY26 came in 2.65 per cent higher at Rs 13,351.2 crore, as against Rs 13,005.5 crore in the year-ago period.

ITC Hotels

ITC Hotels Ltd on Wednesday reported a 53 per cent jump in consolidated net profit at Rs 133.71 crore in the first quarter ended June 30, 2025 on the back of higher revenue. The company had posted a consolidated net profit of Rs 87.16 crore in the first quarter last fiscal, ITC Hotels said in a regulatory filing. Consolidated revenue from operations in the first quarter stood at Rs 815.54 crore as against Rs 705.84 crore in the corresponding period a year ago, it added.

SBI

State Bank of India (SBI) on Wednesday said it will raise up to Rs 20,000 crore via issue of bonds to domestic investors in current fiscal year. In a regulatory filing, SBI said its board has “accorded approval for raising funds in INR by issue of Basel III compliant Additional Tier 1 and Tier 2 Bonds, up to an amount of Rs 20,000 crore to domestic investors during FY26, subject to GOI approval wherever required”.

HDFC Bank

HDFC Bank said its board in its meeting on July 19 will decide on issuing bonus shares and special interim dividend. In a regulatory filing on Wednesday, HDFC Bank said its board would also consider the proposals of declaration of a special interim dividend on the equity shares of the bank, for the financial year 2025-26; and issue of bonus shares, subject to approval of shareholders of the bank.

Indian Overseas Bank

Indian Overseas Bank revised its Marginal Cost of Funds-based Lending Rates (MCLR) by 50 basis points across all tenors with immediate effect. According to PTI, the Asset Liability Management Committee (ALCO) of the bank, at its meeting held on July 14, reviewed the bank’s MCLR and decided to reduce it with effect from July 15. Accordingly, the revised MCLR for the overnight tenure has been reduced to 8.15 per cent from the existing 8.25 per cent.For the one-month tenure, the MCLR has been revised to 8.40 per cent from the earlier 8.50 per cent, PTI reports.

(With PTI Inputs)