Torrent Buys Stake in JB Chemicals; China Hits French Cognac With Tariffs & More
- Share.Market
- 9 min read
- 04 Jul 2025
Highlights
Indian equity markets closed higher today, recovering in the final hour after a volatile session marked by cautious sentiment ahead of the US tariff deadline and ongoing regulatory developments.
Headline Indices
Sectors at a Glance
*Prices shown may have delay up-to 15 minutes
What moved the market?
*Prices shown may have delay up-to 15 minutes
Broader Market Performance
INDIA VIX
What Made Headlines?
CREDITACCCreditAccess Grameen shares surge after posting record Q1 disbursements, adding 2 lakh borrowers, with improving loan quality across major states.
GMMPFAUDLRGMM Pfaudler acquires Brazilian industrial machinery firm SEMCO for $18.5 million to strengthen its mixing technologies platform and access South American markets.
MARICOMarico’s India business hits multi-quarter high volume growth with Saffola Oils revenue up 20%+ and Hair Oils recovering in double digits. The International business delivered high-teens constant currency growth, driven by broad-based growth across most markets.
LUPINLupin launches generic Ipratropium Bromide nasal sprays in the US for allergic rhinitis treatment, targeting a $63 million annual market opportunity.
TORNTPHARMTorrent Pharmaceuticals to buy an additional 2.41% stake in J.B. Chemicals for ₹620 crore from employees exercising stock options at ₹1,600 per share.
What’s Happening Beyond Markets?
- RBI to sell ₹32,000 crore worth of government bonds on Friday, including both new bonds and existing ones being resold.
- India aims to become a $1 trillion chemical manufacturing powerhouse by 2040, increasing global market share from 3.5% to 12% through strategic reforms, says the NITI Aayog report.
- Global food prices rose 0.5% in June, with meat hitting record highs, while cereal and sugar prices fell to multi-year lows.
- UAE ranks third globally in sovereign wealth and public pension assets with a combined portfolio of $2.49 trillion, according to the Global SWF report.
- China imposes 27.7%-34.9% anti-dumping tariffs on European brandy, primarily French cognac, for five years starting July 5 amid EU trade tensions.
- China plans nationwide cash subsidies of CNY 3,600 annually per child to boost falling birth rates amid persistent population decline and economic risks.
Back to Basics
Terms that put you one step ahead – every day.
What is Gross Profit?
Gross profit is what a company earns from its main business activities after covering direct costs like raw materials and wages.
It shows how much money is left from sales to pay for rent, salaries, marketing, and other expenses.
A higher gross profit means the company is managing its production costs well and keeping more money to run the business. It’s a key sign of operational efficiency.
IPO Corner: Mainboard
Upcoming IPO
| Company | Date | Total Issue Size | Issue Price | Minimum Investment |
| Travel Food Services | July 7, 2025 to July 9, 2025 | ₹2,000.00 Cr | ₹1,045 to ₹1,100 per share | ₹13,585 |
Corporate Actions
| Stock | Ex-Date | Record Date | Event Type | Event Details |
| Ingersoll-Rand (India) Ltd. | 08 Jul 2025 | 08 Jul 2025 | Final Dividend | ₹25.00 |
| JK Cement Ltd. | 08 Jul 2025 | 08 Jul 2025 | Final Dividend | ₹15.00 |
| JSW Steel Ltd. | 08 Jul 2025 | 08 Jul 2025 | Final Dividend | ₹2.80 |
| Solar Industries India Ltd. | 08 Jul 2025 | 08 Jul 2025 | Final Dividend | ₹10.00 |
| Titan Company Ltd. | 08 Jul 2025 | 08 Jul 2025 | Dividend | ₹11.00 |
Before You Go…
Markets aren’t just charts and tickers; they’re daily tales of ambition and the quiet courage to stay invested.
We’ll be back on Monday to cut through the noise, so you can focus on investing intelligently.
Disclaimer and Disclosure
PhonePe Wealth Broking Private Limited is a member of NSE & BSE with SEBI Regn. No.: INZ000302639, Depository Participant of CDSL Depository with SEBI Regn. No.: IN-DP-696-2022, Research Analyst with SEBI Regn No: INH000013387, BSE RA Enlistment Number: 5887 and Mutual Fund distributor with AMFI Registration No: ARN- 187821. Member ID: BSE- 6756, NSE- 90226.
Registration granted by SEBI, enlistment as Research Analyst with Exchange and Certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors
Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA.
CIN: U65990KA2021PTC146954
