Stocks To Watch On 1 July: Kotak Mahindra Bank, HDFC Life, KPIT Tech And More

Indian equity benchmarks ended lower on Tuesday, extending losses for a second consecutive session as weakness in information technology stocks outweighed gains in select auto and financial shares. The BSE Sensex fell 249.70 points (0.33%) to close at 76,478.67, while the NSE Nifty 50 declined 80.50 points (0.34%) to settle below the 23,900 mark.

Key Stocks In Focus

Kotak Mahindra Bank

Kotak Mahindra Bank has entered into a business transfer agreement valued at approximately ₹281.7 crore to acquire Deutsche Bank AG's retail banking, private banking and wealth management businesses in India through a slump sale.

HDFC Life

HDFC Life Insurance Company said it has received an order from the Commissioner (Appeals), Thane, confirming a GST demand, along with interest and penalty, amounting to ₹132.7 crore.

KPIT Technologies

KPIT Technologies expects a softer-than-anticipated performance in the first quarter of FY27. The company said revenue is likely to decline by around 1% year-on-year, while EBITDA and net margins are expected to contract sequentially.

Despite the weak start, management remains optimistic about a recovery during the second half of FY27, with stronger sequential growth anticipated in the fourth quarter.

Paras Defence

Paras Defence and Space Technologies has signed an intellectual property licensing agreement with Tandem Defense LLC for the Guardian-1 Interceptor technology.

L&T Technology Services

L&T Technology Services introduced Ainfonix 4.0, an artificial intelligence-powered platform designed to convert engineering documents and technical records into structured digital data for process industries.

Prestige Estates Projects

Prestige Estates Projects has launched Phase 2 of Prestige Forest Hills at The Prestige City in Mulund, Mumbai. The development carries an estimated gross development value of ₹2,200 crore.

Hexaware Technologies

Hexaware Technologies has launched Tensai for Reasoning Ops, the latest stage of its agentic AI-powered IT operations platform aimed at enterprise customers.

Cupid Ltd.

Cupid Ltd. expects revenue to exceed ₹150 crore during the June quarter. The company has also raised its medium-term revenue guidance, citing improving business visibility across domestic and international markets.

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