Several companies saw notable stock movements and corporate developments on Thursday, July 10, 2025. Key highlights include strategic acquisitions, bulk deals, stake sales, earnings updates, and fundraising announcements across sectors like education, energy, infrastructure, and FMCG.

NIIT Learning Systems Expands in Europe

NIIT Learning Systems Ltd shares rose after it announced that its Ireland-based subsidiary acquired Germany-based MTS Group for a consideration of €22.4 million (approximately ₹224.7 crore). The acquisition strengthens NIIT’s presence in continental Europe and aligns with its strategy to expand its corporate learning business globally.

Oil India Signs Long-Term Gas Supply Agreement

Oil India Ltd gained as it entered into a 15-year agreement with GAIL (India) to supply up to 900,000 standard cubic meters per day (SCMD) of natural gas from its Rajasthan gas field. The gas will be used by the Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) for power generation. This deal ensures long-term visibility and consistent monetisation of Oil India’s upstream gas assets.

Enviro Infra Engineers Bags ₹395.5 Cr MIDC Contract

Enviro Infra Engineers Ltd surged after its joint venture with AltoraPro Infrastructure secured a ₹395.5 crore contract from Maharashtra Industrial Development Corporation (MIDC). The project aims to upgrade wastewater treatment plants in Kolhapur’s industrial zones and prevent untreated water from polluting the Panchganga River.

Amber Enterprises to Consider ₹2,500 Cr Fundraise

The board of Amber Enterprises India Ltd is scheduled to meet on July 12 to evaluate raising up to ₹2,500 crore through the issuance of securities. The planned fundraise is expected to support future expansion, possibly in contract manufacturing or R&D initiatives.

Bulk Deals and Stake Sales

• Asian Paints Ltd sold 20.1 lakh shares (4.4% stake) in Akzo Nobel India for ₹734 crore through a bulk deal at an average price of ₹3,651/share.

• Embassy Office Parks REIT fell as Bain Capital’s APAC Company is set to offload a 1.9% stake worth ₹681 crore via a block deal at an average price of ₹382/share.

• Crizac Ltd surged after renowned investor Sunil Singhania purchased 36.7 lakh shares worth ₹109.5 crore, reflecting strong investor confidence.

India's Power Sector Outlook

Goldman Sachs projects India's power demand to grow at a 7.2% CAGR through FY35, driven by rising household income, appliance penetration, and overall electrification. However, it warns of a 4% annual energy shortfall by FY35, suggesting coal will remain a crucial fallback due to the current limits of renewable and alternative sources.

IREDA Gets CBDT Nod for Capital Gain Bonds

Shares of Indian Renewable Energy Development Agency (IREDA) rose after receiving approval from the Central Board of Direct Taxes (CBDT) to issue capital gains exemption bonds under Section 54EC. This move is expected to support fundraising and attract tax-saving investments.

Leadership Change at Quick Heal

Quick Heal Technologies Ltd declined as CEO Vishal Salvi tendered his resignation, effective August 31, to pursue other career opportunities. Market participants reacted to leadership uncertainty despite the company’s ongoing cybersecurity developments.

ICICI Prudential Life Q1FY26 Business Update

ICICI Prudential Life Insurance dipped as its Annualised Premium Equivalent (APE) fell 5% YoY to ₹1,864 crore in Q1FY26, mainly due to reduced retail APE. However, its new business premium jumped 40.1% YoY, and new business sum assured grew 36.3%, reflecting strong underlying demand and improved penetration.

Indosolar Hits Upper Circuit on OFS Buzz

Indosolar Ltd hit its 5% upper circuit after promoter Waaree Energies announced plans to offload a 2.4% stake via an Offer for Sale (OFS). The floor price for the OFS is set at ₹265/share, which triggered investor interest.

JTEKT India to Consider Rights Issue

JTEKT India Ltd will hold a board meeting on July 15 to explore options for raising funds through a rights issue or other equity-linked instruments, as part of its capital planning initiatives.

Jash Engineering Plans Strategic Acquisition

Jash Engineering Ltd gained as it revealed plans to acquire a 100% stake in WesTech Process Equipment India (WPEIPL). The move marks its entry into industrial water process equipment, opening doors to the mining, metal, and paper sectors.

Brokerage Action: HSBC on Marico

HSBC reiterated its ‘Buy’ rating on Marico Ltd, raising the target price to ₹850. The brokerage cited growth potential from its Oats and Plix portfolio and sustained margin support from the Direct-to-Consumer (D2C) business. It also noted a strong 7% volume growth in Q4, surpassing expectations.

The Upcoming IPOs in this week and coming weeks are Monika Alcobev, NSDL, Anthem Biosciences, Spunweb Nonwoven.

The Current active IPO are Smartworks Coworking, Asston Pharmaceuticals, CFF Fluid Control, Glen Industries.

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