Stock Market Watch: High-Potential Stocks Poised for a Surge on July 11, 2024

Indian Stock Market: Leading Picks to Consider for Investment on July 11, 2024

TVS Motor Company Ltd

Rs.2,487.00/-

TVS Launches 2024 Apache RTR 160 Racing Edition

• TVS Motor Company has introduced the 2024 Apache RTR 160 Racing Edition in India.
• The motorcycle, equipped with advanced technologies and performance upgrades, is priced at Rs 1.28 lakh ex-showroom.
• TVS Motor is also showing interest in developing a CNG bike following the launch of Bajaj Freedom 125.
• Over the past three years, TVS Motor has delivered a remarkable 305.93% return.

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Ambuja Cements Ltd

Rs.674.65/-

Nomura Upgrades Ambuja Cements to ‘Buy’

• Nomura has upgraded Ambuja Cements to ‘Buy’ with a target price of Rs 780, indicating an upside potential of 17-18%.
• Ambuja is set to add 24 metric tonnes of capacity by FY 2025-26 through both organic and inorganic expansions.
• The acquisition of Penna Cement for Rs 10,422 crore positions Ambuja as the third-largest player in South India, offering brownfield expansion opportunities.
• Over the past year, Ambuja Cements has delivered a 61.54% return.

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Hindustan Petroleum Corp Ltd

Rs.344.00/-

Russia-India Energy Cooperation Boosts HPCL

• Hindustan Petroleum Corporation Ltd (HPCL) is set to benefit from the Russia-India joint statement on energy cooperation.
• Indian refiners have saved at least $10.5 billion in foreign exchange by increasing purchases of discounted Russian crude oil.
• This cooperation is expected to drive future revenue growth and cost savings for HPCL.
• Over the past year, HPCL has delivered a 66.48% return.

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Garden Reach Shipbuilders & Enginers Ltd

Rs.2,587.95/-

GRSE Launches GAINS 2024 to Foster Innovation

• Garden Reach Shipbuilders & Engineers Ltd (GRSE) has launched the GAINS 2024 scheme to promote technological advancements through startups.
• Aligned with the Make in India and Start-up India initiatives, GAINS 2024 encourages MSMEs and startups to innovate and develop solutions enhancing technological capabilities.
• The scheme aims to leverage India’s strong MSME and startup ecosystem to address current and emerging challenges, fostering self-reliance in the defense sector.
• Over the past five years, GRSE has delivered an impressive 2077.13% return.

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Glenmark Pharmaceuticals Ltd

Rs.1,361.95/-

Glenmark Promoters to Divest 7.85% Stake in Glenmark Life Sciences

• Glenmark Pharma promoters plan to divest up to 7.85% stake in Glenmark Life Sciences through an Offer for Sale (OFS).
• The sale will include up to 96,09,571 equity shares at a minimum price of Rs 810 per share.
• This move aims to meet the minimum public shareholding requirements and could potentially enhance stock liquidity.
• Over the past year, Glenmark Life Sciences has delivered a 52.63% return.

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BSE Ltd

Rs.2,319.85/-

SEBI Proposal Could Boost BSE

• BSE Ltd stands to benefit if SEBI’s proposal to limit weekly expiry to one option contract per exchange is implemented.
• NSE, which has two highly active contracts, could lose business, while BSE has only one upcoming contract via the Sensex.
• This regulatory change could increase trading activity and market share for BSE.
• Over the past year, BSE has delivered an impressive 235.86% return.

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Diamond Power Infrastructure Ltd

Rs.1,314.00/-

Diamond Power Infra Secures Rs. 899.75 Crore Order from Adani

• Diamond Power Infrastructure has received an order worth Rs. 899.75 crore from Adani Energy Solutions.
• The company reported a 124% revenue increase and transitioned from a loss to a profit in the March quarter.
• Shares are locked at a 2% upper circuit, delivering a multi-bagger return of 590% in just six months.
• Over the past three years, Diamond Power Infra has achieved an astonishing 64,882.05% return.

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Rajesh Exports Ltd

Rs.320.40/-

Rajesh Exports Surges on Heavy Trading Volumes

• Rajesh Exports Ltd saw a significant volume surge, trading at 16.09 times the average daily volume.
• Shares soared 15.1% amid heavy volumes and large-value trades.
• The company appears undervalued, with a fair value estimate of Rs 507.36, indicating substantial underpricing.
• Despite recent performance, Rajesh Exports has delivered a -58.71% return over the past five years.

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Zydus Wellness Ltd

Rs.2,135.65/-

Zydus Wellness Gains USFDA Approval for Heart Failure Drug

• Zydus Lifesciences has received final approval from the USFDA to market Sacubitril and Valsartan Tablets for chronic heart failure treatment.
• The drug will be manufactured in Ahmedabad, India.
• This approval is expected to enhance Zydus’ revenue growth potential in the US market.
• Over the past year, Zydus Wellness has delivered a 43.38% return.

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Shalby Ltd

Rs.295.30/-

Shalby Secures 30-Year Lease for New Healthcare Facility

• Shalby Ltd has secured a 30-year lease on Asha Parekh Hospital in Santacruz, Mumbai, to construct a new healthcare facility.
• The company anticipates its implant business will achieve positive EBITDA this year, generating revenue between Rs 130-150 crore in 2024-25 with margins of around 8-10%.
• Over the past year, Shalby has delivered a 65.7% return.

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Tata Elxsi Ltd

Rs.6,981.20/-

Tata Elxsi’s Q1 FY2025: Resilience Amid Challenges

• 3% decline in net profit despite 9% revenue growth
• Increased Effective Tax Rate impacted profitability
• Transportation segment saw 17% constant currency growth
• Strong deal pipeline in Software Defined Vehicles (SDV) and Electric Vehicles (EV)
• Focused on operational excellence and fiscal discipline
• Positioned to regain preferred margin band

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Sona Blw Precision Forgings Ltd

Rs.738.00/-

Sona BLW Precision Forgings Sees Strong Growth with Positive Analyst Rating

• Bernstein rates Sona BLW Precision Forgings “Outperform” with a €780 target price.
• Sona BLW issues $2.8 million corporate guarantee to Citibank (China) for Comstar Automotive (Hangzhou).
• SONA COMS achieves 27.3% returns over the past year.
• Strategic moves underscore commitment to EV sector expansion and financial stability.

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Yes Bank Ltd

Rs.26.23/-

Yes Bank Soars on Positive Outlook and Potential Stake Sale

• Moody’s upgraded Yes Bank’s outlook from ‘stable’ to ‘positive’, citing expected gradual improvement in depositor base and lending franchise
• The rating agency affirmed Yes Bank’s long-term foreign currency and local currency deposit rating at ‘Ba3’
• First Abu Dhabi Bank is reportedly considering a $5 billion stake in Yes Bank, potentially up to 51% ownership
• The stock price jumped over 7% in morning trade, outperforming peers HDFC Bank and Kotak Mahindra Bank
• Yes Bank has gained nearly 18% so far this year, despite a sequential decline in deposit growth in Q1

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Shipping Corporation of India Ltd

Rs.327.95/-

SCI Explores Tanker Manufacturing JV as Privatization Nears

• Shipping Corporation of India (SCI) plans to form a joint venture with a public sector oil marketing company
• The JV will focus on manufacturing very large crude oil tankers
• This move comes as the government aims to conclude SCI’s privatization in 2024
• Privatization is expected to boost divestment revenue for the government
• SCI has seen impressive returns of over 170% in the past year
• The company’s stock continues to gain momentum as the privatization process advances

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Raymond Ltd

Rs.2,001.30/-

Raymond’s Strategic Realignment: Unlocking Value

• Lifestyle business spun off into Raymond Lifestyle (RLL) for listing
• Real estate business (RRL) to merge with Raymond Group
• Aims to expand Ethnix retail, double Aerospace & Defense in 3-4 years
• Delivered 603.97% returns in 3 years
• Demerger to create focused lifestyle, real estate, and engineering verticals

 

 

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