Stocks in news: Groww, Delhivery, Infosys, Wipro, IDBI Bank, Tata Elxsi

Markets traded under pressure on Tuesday, with benchmark indices losing over half a percent amid renewed geopolitical concerns. Technically, analysts continue to maintain our consolidation view on the Nifty, with the 23,800–24,000 zone expected to provide immediate support, while the 24,300–24,400 region is likely to act as the key resistance band.

In today's trade, shares of Groww, Delhivery, Infosys, Wipro, IDBI Bank, Tata Elxsi among others will be in focus due to various news developments and first quarter results.

Groww, HDFC Life, HDFC AMC, HDB Fin, Union Bank, Angel One

Shares of Groww, HDFC Life, HDFC AMC, HDB Fin, Union Bank and Angel One will be in focus as the companies will announce their first quarter results.

Anand Rathi Share
Anand Rathi Share and Stock Brokers reported a 71% year-on-year rise in profit before an exceptional item for the June quarter, helped by growth in broking, margin funding and distribution income. Profit before the exceptional item increased to 39.1 crore in the first quarter of FY27 from 22.8 crore a year earlier. After accounting for the exceptional item, net profit stood at 23.4 crore, up about 2% from 22.8 crore in the same period last year.

Infosys, Wipro
Infosys and Wipro's US-listed shares fell in premarket trade after IBM warned that its second-quarter revenue would come in below Wall Street estimates, raising fresh concerns over enterprise technology spending.

IDBI Bank
IDBI Bank clarified on reports that the government is close to accepting sweetened Fairfax Financial offer for the lender. The Bank said it is unable to confirm or deny news on financial offer.

Tata Elxsi
Indian engineering research and development firm Tata Elxsi reported an 18.2% rise in first-quarter profit on Tuesday, supported by strong tech spending from global operators, broadcasters ‌and device manufacturers. ⁠Profit ⁠rose to Rs 171 crore ($17.78 million) for the three months ended June 30, from Rs 144 crore a year ago.

Delhivery
The Reserve Bank of India (RBI) has approved application for grant of Certificate of Registration (CoR) as a Type IINBFC-ND to Delhivery Financial Services Private Limited, a wholly owned subsidiary of the Company, on July 13.