Fri, 03 Jul 2026
12:43:35 am
Rudransh Sangwan
Published at: July 2, 2026, 8:53 PM
Synopsis
Stocks to Watch on July 3, 2026: Adani Enterprises launches ₹10,000 crore QIP, Marico sees strong Q1 growth, PNB reports double-digit business expansion, BPCL completes Brazil acquisition and more.

Indian stock markets are expected to remain stock-specific on Friday, 3 July, as several companies announced major business updates, fundraising plans, acquisitions and strong quarterly business performance. From Adani Enterprises' ₹10,000 crore Qualified Institutional Placement (QIP) to Marico's strong Q1FY27 growth outlook and Punjab National Bank's double-digit business expansion, multiple stocks are likely to remain in focus during today's trading session.
Investors will also track updates from companies across the banking, FMCG, energy, infrastructure and railway sectors as early Q1FY27 business updates continue to drive market sentiment.
| Company | Key Development |
|---|---|
| Adani Enterprises | Launched QIP to raise up to ₹10,000 crore |
| Marico | Expects revenue growth in early twenties during Q1FY27 |
| Punjab National Bank | Global business rises 10.32% YoY |
| BPCL | Completes acquisition of remaining stake in IBV Brasil |
| Coal India | Coal supplies to power plants increase 5.9% YoY |
| Sterlite Technologies | Raises ₹1,500 crore through QIP |
| M&M Financial Services | Q1 disbursements expected to rise 21% YoY |
| PC Jeweller | Revenue up around 21%; debt reduced by over 90% |
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Adani Enterprises has launched a Qualified Institutional Placement (QIP) to raise up to ₹10,000 crore, according to sources. The fundraising is expected to strengthen the company's balance sheet and support future expansion across its infrastructure and new energy businesses.
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FMCG major Marico expects consolidated revenue to grow in the early twenties during the first quarter of FY27. The company said growth was driven by strong performance across its domestic, digital and international businesses, while its India business recorded double-digit underlying volume growth, reaching a multi-quarter high.
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Punjab National Bank (PNB) reported a 10.32% year-on-year increase in global business, which reached ₹29.99 lakh crore as of June 30, 2026.
| Business Metric | Value |
|---|---|
| Global Business | ₹29,99,876 crore |
| Growth | 10.32% YoY |
The growth was supported by steady expansion in both deposits and advances.
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State-owned Bharat Petroleum Corporation Ltd. (BPCL) has completed the acquisition of the remaining 39.14% stake in IBV Brasil Petroleo Limitada for ₹2,312 crore.
Following the transaction, BPCL now owns 100% of the Brazilian oil and gas company, strengthening its international upstream portfolio.
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Coal India Ltd. supplied 51.44 million tonnes (MT) of coal to power plants during June FY27, registering a 5.9% year-on-year increase from 48.57 MT supplied in the same month last year.
Higher electricity demand during the summer season supported the increase in coal dispatches.
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Broadband and digital network solutions provider Sterlite Technologies successfully raised ₹1,500 crore through a Qualified Institutional Placement (QIP), attracting participation from both domestic and global institutional investors.
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Mahindra & Mahindra Financial Services expects overall disbursements for the first quarter of FY27 to reach approximately ₹15,560 crore, representing a 21% year-on-year increase.
The update indicates continued healthy demand across vehicle and rural financing segments.
Several banking stocks announced robust provisional Q1FY27 business updates.
| Bank | Key Update |
|---|---|
| Ujjivan Small Finance Bank | Deposits up 25.1%; CASA deposits rise 37.8% |
| Equitas Small Finance Bank | Gross advances up 26.7%; deposits up 10.44% |
| CSB Bank | Deposits increase 26% YoY |
| UCO Bank | Total business grows 15.46% to ₹6.05 lakh crore |
These updates highlight continued credit growth and improving deposit mobilisation across the banking sector.
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PC Jeweller reported approximately 21% year-on-year growth in consolidated revenue for the June quarter.
The company also announced that its outstanding debt has been reduced by more than 90%, with management expecting to achieve a debt-free status during the current quarter.
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The company's South African step-down subsidiary Twizza will merge into subsidiary Bevco in a restructuring exercise involving no cash consideration or fresh share issuance.
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The company received relief after GST authorities dropped a proposed tax demand of ₹116.72 crore, including penalties, for FY2021-22.
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The company has acquired 100% stake in Atyati Technologies Private Limited for approximately ₹157 crore through an all-cash transaction.
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The railway equipment manufacturer received a Letter of Acceptance (LoA) worth ₹26.56 crore from South Central Railway.
| Company | Trigger |
|---|---|
| Adani Enterprises | ₹10,000 crore QIP |
| Marico | Strong Q1FY27 revenue outlook |
| Coal India | Higher coal supplies |
| BPCL | Brazil acquisition completed |
| Sterlite Technologies | ₹1,500 crore QIP |
| Punjab National Bank | Strong business growth |
| M&M Financial Services | 21% growth in disbursements |
| Ujjivan SFB | Strong deposit growth |
| Equitas SFB | Advances and deposits grow |
| CSB Bank | Deposit growth |
| UCO Bank | Business expansion |
| PC Jeweller | Revenue growth; debt reduction |
| LG Electronics India | GST demand dropped |
| BLS E-Services | Acquisition announcement |
| Texmaco Rail | New railway order |
Friday's session is expected to witness stock-specific action as investors react to fundraising announcements, acquisitions, strong quarterly business updates and operational developments. Adani Enterprises, Marico, Punjab National Bank, Coal India, BPCL, Sterlite Technologies, and several banking stocks are likely to remain among the key stocks in focus.
Adani Enterprises has launched a ₹10,000 crore Qualified Institutional Placement (QIP), making it one of the key stocks to watch.
Marico expects consolidated revenue to grow in the early twenties during Q1FY27, supported by broad-based growth across its businesses.
PNB reported a 10.32% year-on-year increase in global business to nearly ₹30 lakh crore.
BPCL completed the acquisition of the remaining 39.14% stake in IBV Brasil Petroleo Limitada, taking its ownership to 100%.
Texmaco Rail & Engineering received a ₹26.56 crore order from South Central Railway.

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