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Stocks in Focus: Tech Mahindra, DLF, Indus Tower, Mankind Pharma, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.03% higher by 7 points at 24,462.50 indicating that the domestic benchmark indices are likely to make a muted start on Friday.

On Thursday, 25 July, Domestic benchmark indices S&P BSE Sensex slumped 109.09 points or 0.14%, to end at 80,039.80, while the Nifty50 traded 7.40 points or 0.03% lower and settled at 24,406.10.

Here are some stocks that are likely to remain in focus on 26 July.

Quarterly Results Today: InterGlobe Aviation, Bandhan Bank, Aarti Drugs, Amber Enterprises India, IndusInd Bank, Power Grid Corporation, Shriram Finance, Cipla, Cholamandalam Investment and Finance, City Union Bank, Equitas Small Finance Bank, ESAF Small Finance Bank, Nuvama Wealth Management, Piramal Pharma, SBI Cards and Payment Services, KEC International, KFin Technologies, Latent View Analytics, TTK Prestige, and Zenotech Laboratories are some of the prominent companies that are set to release their quarterly earnings for January-March.

DLF: Realty major’s net profit during Q1FY25 stood at Rs 644.7 crore, which is a 22.5% year-on-year increase from Rs 526.1 crore reported in Q1FY24.

Tech Mahindra: In its quarterly earning for April-June, the company reported a 28.8% YoY increase in net profit to Rs 851.5 crore against Rs 661 crore reported in the same quarter last year. 

Indus Tower: The Board of directors of the company will review the proposal for the buyback of fully paid-up equity shares during its upcoming board meeting on 30 July 2024.

Mankind Pharma: The company has announced its plans to acquire a 100% stake in Bharat Serums and Vaccines Ltd for an enterprise value of approximately Rs 13,630 crore from Advent International. 

Adani Green Energy: The Gautam Adani-led ports-to-power conglomerate reported that its net profit during the April-June quarter doubled on a yearly basis to Rs 629 crore from Rs 323 crore reported in the same quarter last year. 

SJVN: The company has announced receiving a letter of intent from the Government of Mizoram for the allotment of the Darzo Lui pumped storage project for a total consideration of Rs 13,947.50 crore. 

Jupiter Wagons: For the quarter ended 30 June, the company reported its net profit at Rs 91.9 crore, marking a 46% YoY increase from Rs 62.9 crore reported in the same quarter last year. 

Sobha: A wholly owned entity of the Godrej family, Anamudi Real Estate LLP is looking to divest a 5% stake in the company via a block deal. 

United Breweries: The beer manufacturing company reported a 27.5% YoY increase in net profit to Rs 173.8 crore for the quarter under review from Rs 136.3 crore reported in the same quarter last year. 

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