Stock Market News: July 26, 2024, Top Stocks Expected to Surge

Exploring Lucrative Investment Prospects in the Indian Stock Market on July 26, 2024

United Breweries Ltd

Rs.2,043.95/-

United Breweries Posts Strong Q1 FY25 Results

• United Breweries Ltd reported a 27.5% year-over-year increase in net profit, reaching Rs 173.8 crore for Q1 FY25.
• Revenue from operations rose by 8.8%, totaling Rs 2,475.1 crore.
• The company’s emphasis on the premium segment has driven volume growth.
• United Breweries has delivered a 36.42% return over the past year.

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Indus Towers Ltd

Rs.443.15/-

Indus Towers to Consider Share Buyback Proposal

• The board of directors at Indus Towers will review a share buyback proposal in their meeting on July 30, 2024.
• This would mark the company’s first share buyback since June 2016, when it was known as Bharti Infratel.
• The proposed buyback involves equity shares valued at Rs 10 each and includes related and incidental matters.
• Indus Towers has delivered a remarkable 148.05% return over the past year.

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Bharti Airtel Ltd

Rs.1,494.15/-

Airtel Africa Reports Q1 Net Profit Amid Revenue Decline

• Airtel Africa, Bharti Airtel’s subsidiary, reported a net profit of $7 million for Q1 FY25.
• Consolidated revenue dropped by 16% due to exceptional derivative and foreign exchange losses and lower EBITDA.
• The total customer base expanded by 8.6%, with a continuing rise in data customer penetration.

Bharti Airtel has delivered a 64.68% return over the past year.

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Infosys Ltd

Rs.1,865.70/-

Infosys Sees Decline in Employee Numbers

• Infosys reported a decrease in its headcount for FY25, with 1,908 fewer employees compared to the previous quarter.
• Some IT firms, including Infosys, anticipate FY25 to be stronger than FY24.
• Large-cap IT names like Infosys and TCS are preferred for their extensive product offerings, diverse deal pipeline, cost-cutting capabilities, and attractive valuations.
• Infosys has delivered a 37.42% return over the past year.

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Mahindra Holidays and Resorts India Ltd

Rs.483.75/-

Mahindra Holidays Posts Strong Q1 Results

• Mahindra Holidays & Resorts India Ltd reported a 61% rise in pre-tax profit for Q1, driven by memberships and steady room occupancies.
• Shares increased by 2.6% following the announcement of the results.
• Mahindra Holidays has delivered an impressive 225.82% return over the past five years.

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Syngene International Ltd

Rs.817.85/-

Syngene Reports Q1 Net Profit Decline

• Syngene International reported a 19% year-over-year decline in net profit, totaling Rs 75.7 crore for Q1FY25.
• UBS issued a Sell call for Syngene with a target price of Rs 650 due to missed Q1 margins and challenging guidance.
• EBITDA fell by 44.6%, reaching Rs 170 crore, with an EBITDA margin of 21.5%.
• Despite this, Syngene has delivered a 141.03% return over the past five years.

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Tata Power Company Ltd

Rs.439.55/-

UBS Recommends Buying Tata Power

• UBS has initiated coverage on Tata Power with a Buy call and a target price of Rs 510, suggesting a potential upside of about 21% from the last closing price.
• Tata Power plans to invest Rs 20,000 crore in capital expenditure for FY25 and is exploring participation in Small Modular Nuclear Reactors.
• Tata Power has delivered an impressive 91.36% return over the past year.

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DLF Ltd

Rs.828.90/-

DLF Ltd Posts Strong Q1FY25 Results

• DLF Ltd reported a 22.5% year-over-year increase in net profit, reaching Rs 645.61 crore for Q1FY25.
• Revenue from operations decreased by 4.3%, totaling Rs 1,362.4 crore compared to the same period last year.
• New sales bookings saw a significant year-over-year growth of 214%, amounting to Rs 6,404 crore.
• DLF has delivered a 70.71% return over the past year.

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Ashok Leyland Ltd

Rs.248.00/-

Ashok Leyland’s Q1FY25 Net Profit Declines

• Ashok Leyland reported a 6% decline in consolidated net profit for Q1FY25, reaching Rs 509 crore compared to Rs 544 crore in the same period last year.
• Despite the decline in profit, total income rose by 10%, totaling Rs 10,754 crore against Rs 9,735 crore in the previous year.
• Nomura has issued a Buy call on Ashok Leyland with a target price of Rs 247.
• Over the past five years, Ashok Leyland has delivered a 221.58% return.

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SJVN Ltd

Rs.152.67/-

SJVN Secures Major Mizoram Project

• SJVN Ltd has received a letter of intent for the Darzo Lui Pumped Storage Project in Mizoram, valued at over Rs 13,947 crore.
• The project boasts an installed capacity of 2,400 MW and is anticipated to generate substantial revenue once completed.
• This development opens up significant future growth opportunities for SJVN Ltd.
• SJVN has delivered an impressive 428.26% return over the past three years.

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Mphasis Ltd

Rs.3,064.20/-

Mphasis Unveils Innovative Productivity Tools

• New Tools Launched: Mphasis introduces NeoCrux and NeoZeta, pioneering tools aimed at boosting software engineers’ productivity.
• Generative AI Integration: These tools utilize Generative AI-powered Agent Orchestrator to streamline the Software Development Lifecycle.
• Enhanced Efficiency: The platforms promise improved personalized experiences and more efficient software solutions for enterprises.

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Tech Mahindra Ltd

Rs.1,528.05/-

Tech Mahindra Q1FY25: Impressive Profit Surge

• Profit Increase: Tech Mahindra’s net profit soared 23% YoY to ₹851.5 crore in Q1FY25.
• Revenue Decline: Consolidated revenue from operations dipped 1% YoY to ₹13,005 crore.
• Contract Value: Total contract value of deals reached $534 million.
• Annual Returns: Tech Mahindra achieved a 32.58% return over the past year.

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VST Industries Ltd

Rs.4,110.50/-

VST Industries Announces Bonus Share Issue

• Bonus Shares: VST Industries will issue bonus shares at a 10:1 ratio, with the record date set for August 30th.
• Dividend History: The company has consistently paid dividends since 2012, boosting investor confidence.
• Profit Drop: Q1FY25 PAT fell by 36%, yet the stock rose approximately 3% on Thursday.
• Annual Returns: VST Industries provided a 5.36% return over the past year.

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Federal Bank Ltd

Rs.196.85/-

Federal Bank Q1FY25: Robust Performance and Leadership Change

• Revenue Growth: Federal Bank’s Q1 results highlight significant revenue growth.
• Asset Quality: Asset quality remains stable, reflecting sound financial health.
• New CEO: Appointment of KVS Manian as CEO is positively received by analysts.
• Analyst Rating: Analysts continue to recommend a Buy rating, with a target price of ₹235-240.
• Annual Returns: Federal Bank has achieved a 51.76% return over the past year.

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Cyient Ltd

Rs.1,760.85/-

Cyient Q1FY25: Disappointing Performance and Downgraded Guidance

• Weak Results: Cyient reported Q1 results with revenue and margins significantly below analyst expectations.
• Revised Guidance: The company sharply lowered its FY25 DET revenue growth guidance to flat YoY, a notable drop from the previously expected high single digits.
• EPS Downgrade: Nuvama Institutional Equities cut consolidated FY25/26 EPS by 15%/12% due to reduced DLM estimates.
• Long-Term Returns: Despite current challenges, Cyient has delivered 287.26% returns over the past five years.

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