Jul 11, 2025

Gainers & Losers: Glenmark Pharma, BSE among 7 stocks that hogged the limelight today

Nishtha Awasthi, ETMarkets.com

Newsmakers of D-Street

Indian benchmark indices, Sensex and Nifty50, closed lower on Friday, dragged down by IT stocks following weaker-than-expected earnings from Tata Consultancy Services (TCS). Sentiment was also dampened by the reintroduction of US trade tariffs on Canada and concerns about potential sanctions on Russia.The 30-share BSE Sensex dropped 690 points, or 0.83%, to close at 82,500, while the NSE Nifty fell 205 points, or 0.81%, to end at 25,149.Here are the stocks that hogged the limelight today:

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Glenmark Pharmaceuticals

Glenmark Pharmaceuticals' shares rose 14.5% to Rs 2,181.55 on the BSE following an exclusive global licensing agreement between its step-down, wholly owned subsidiary, Ichnos Glenmark Innovation (IGI), and US-based AbbVie for the experimental cancer drug, ISB 2001.

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HUL

Hindustan Unilever Ltd (HUL) shares jumped 4.6% to Rs 2,520.10 on the BSE following the announcement of Priya Nair's appointment as the new Managing Director and Chief Executive Officer (MD & CEO) of the company.

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Anand Rathi Wealth

Shares of Anand Rathi Wealth closed 4.2% higher at Rs 2211.45 on the BSE after the company’s strong financial performance for Q1FY26. The company reported a 28% year-on-year (YoY) increase in consolidated net profit, which rose to Rs 94 crore, up from Rs 73 crore in the same quarter last year.

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IREDA

Shares of Indian Renewable Energy Development Agency (IREDA) fell 5.7% to Rs 160 on the BSE after the company reported a 36% year-on-year (YoY) drop in standalone net profit, which declined to Rs 247 crore for Q1FY26, down from Rs 384 crore in the same quarter last year.

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TCS

Shares of Tata Consultancy Services (TCS) declined 3.5% to Rs 32,65.40 on the BSE, despite the IT major reporting a 6% year-on-year increase in consolidated net profit, which rose to Rs 12,760 crore for Q1FY26, surpassing Street estimates of Rs 12,205 crore.

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Zee Entertainment

Shares of Zee Entertainment Enterprises dropped 3.2% to Rs 137.40 on the BSE after the company failed to secure the necessary shareholder votes to raise funds through warrant issuance, thereby blocking the Goenka family's plan to increase its stake in the broadcaster.

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BSE

BSE Ltd shares dropped 3.65% on Friday, to Rs 2,376.30 on the NSE, after reports emerged that the Securities and Exchange Board of India (SEBI) is broadening its investigation into index manipulation by U.S.-based trading firm Jane Street to include Sensex options.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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