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Stock Market Alert: Top Stocks Set to Soar on July 12, 2024

Indian Stock Market: Prime Investment Opportunities for July 12, 2024

Anand Rathi Wealth Ltd at Indian Stock Market

Anand Rathi Wealth Ltd

Rs.4,138.55/-

 Anand Rathi Wealth Posts Impressive Q1 Financial Performance

  • Anand Rathi Wealth’s Q1 net profit surged by 37.9% YoY to Rs 73.2 crore.
  • Revenue increased by 35.8%, reaching Rs 237.6 crore from Rs 175 crore in the previous fiscal year.
  • Management projects a long-term growth potential of 20-25%.
  • ANANDRATHI has delivered outstanding returns of 339.08% over the last year.

Tata Consultancy Services Ltd at Indian Stock Market

Tata Consultancy Services Ltd

Rs.4,032.00/-

TCS Achieves Strong Q1 Results and Hiring Growth

  • Tata Consultancy Services (TCS) reports net profit of Rs 12,040 crore and revenue of Rs 62,613 crore for Q1.
  • TCS hired 5,452 employees in Q1 FY25, reversing the headcount decline from last year.
  • UBS and Jefferies upgraded TCS stock ratings following the earnings beat.
  • TCS has provided a 19.46% return over the past year, showcasing strong market performance.

Reliance Industies Limited at Stock Market

Reliance Industries Ltd

Rs.3,158.45/-

Key Developments Spotlight Reliance Industries

  • Jefferies values a potential IPO of Reliance’s telecom arm Jio at $120 billion.
  • Ethane Crystal LLC, a Reliance unit, plans to borrow at least $500 million to refinance debt.
  • These factors could influence Reliance Industries Ltd.’s stock price.
  • RELIANCE has achieved a 26.24% return over the past year.

Prestige Estates Projects Limited at Indian Stock MArket

Prestige Estates Projects Limited

Rs.1,784.35/-

Prestige Estates Reports Q1 Sales Decline Amid Approval Delays

  • Prestige Estates Projects Ltd. saw a 22.6% YoY sales drop to Rs 3,030 crore in Q1 FY25, due to lagging approvals and project launches.
  • Sales volume for the quarter decreased to 2.86 million sq ft from 3.83 million sq ft YoY.
  • Despite the sales dip, quarterly collections rose 6% YoY to Rs 2,916 crore.
  • PRESTIGE has provided a 206.44% return over the past year.

Infosys Ltd at Indian Stock Market

Infosys Ltd

Rs.1,685.80/-

Infosys Secures Key Contract with Delaware Department of Labor

  • Infosys wins a contract to upgrade the Delaware Department of Labor’s legacy systems.
  • Financial details of the deal remain undisclosed.
  • This contract could drive future revenue growth for Infosys.
  • INFY has delivered a 22.22% return over the past year.

HCL Technologies Ltd at Indian Stock Market

HCL Technologies Ltd

Rs.1,525.45/-

HCL Technologies Q1FY25 Earnings Outlook

  • HCL Technologies is set to report a 4.7% drop in net profit and a 2% decline in revenue for Q1FY25.
  • Margins are expected to contract by 70 basis points due to seasonal factors.
  • The company aims to maintain its FY25 revenue growth guidance of 3-5%.
  • HCLTECH has delivered a 35.43% return over the past year.

Adani Ports and Special Economic Zone Ltd at Indian Stock Market

Adani Ports and Special Economic Zone Ltd

Rs.1,486.60/-

Adani Ports Announces $1.2B Investment in Vizhinjam Port

  • Adani Ports plans a $1.2 billion investment in Kerala’s Vizhinjam port as part of its second phase, with completion expected by 2028.
  • Efforts are underway to attract major container lines like MSC Mediterranean Shipping Co., A.P. Moller – Maersk A/S, and Hapag-Lloyd to the port.
  • ADANIPORTS has achieved a remarkable 103.84% return over the past year.

Hindustan Zinc Ltd at Indian Stock Market

Hindustan Zinc Ltd

Rs.678.60/-

Hindustan Zinc Achieves Impressive Returns Despite EPS Decline

  • Hindustan Zinc Ltd. has delivered outstanding returns of 411% over the past five years.
  • Despite a 0.5% annual drop in EPS, the company’s revenue has grown by 12% per year.
  • This revenue growth indicates the company’s overall expansion and strength.
  • HINDZINC has provided a 99.18% return over the past year.

Power Finance Corporation at Indian Stock Market

Power Finance Corporation Ltd

Rs.575.15/-

 Sandeep Kumar Joins Power Finance Corp as Director (Finance)

  • Sandeep Kumar appointed as Director (Finance) at Power Finance Corporation by the Central Government, effective July 11.
  • The appointment is expected to enhance financial management expertise and bring stability.
  • PFC has delivered impressive returns of 208.67% over the past year, reflecting strong market performance.
  • This leadership change could pave the way for future growth opportunities at Power Finance Corporation.

Adani Enterprises Ltd at Indian Stock Market

Adani Wilmar Ltd

Rs.339.25/-

Adani Wilmar Expands into Specialty Chemicals with Omkar Acquisition

  • Adani Wilmar Ltd. to acquire a 67% stake in Omkar Chemical Industries for Rs 56.25 crore.
  • The acquisition aims to strengthen Adani Wilmar’s foothold in the specialty chemicals sector.
  • The deal is anticipated to finalize within the next 3-4 months, pending regulatory approvals.
  • AWL has generated a 24.88% return over the past 3 years, demonstrating consistent performance in the market.

Indian Renewable Energy Dev Agency Ltd at Indian Stock Market

Indian Renewable Energy Dev Agency Ltd

Rs.296.73/-

IREDA Achieves Record Performance with Strong Q4 Results

  • IREDA reports a robust net profit of Rs 337.37 crore in Q4 FY24, marking a 33% YoY increase and its highest loan disbursement to date.
  • Annual loan sanctions reached an all-time high of Rs 37,353.68 crore, with disbursements totaling Rs 25,089.04 crore in FY24.
  • The company successfully raised Rs 1,500 crore through bonds at an annual interest rate of 7.44% for a tenure of 10 years and 2 months.
  • IREDA has delivered exceptional returns of 312.13% over the past year, showcasing strong investor confidence.

LT Foods Ltd at Indian Stock Market

LT Foods Ltd

Rs.291.00/-

T Foods Expands Operations with New UK Facility

  • LT Foods Ltd inaugurates a new facility in Harlow, United Kingdom.
  • The facility aims to achieve annual revenue of 50 million pounds within two years.
  • LT Foods targets reaching 100 million pounds in revenue over the next five years.
  • LTFOODS has delivered impressive returns of 112.26% over the past year, highlighting strong market performance.

GTPL Hathway Ltd at Indian Stock Market

GTPL Hathway Ltd

Rs.169.26/-

GTPL Hathway’s Q1 Results Disappoint, Profit Declines

  • GTPL Hathway reported a 73.3% year-over-year decline in net profit to Rs 14.2 crore for Q1 2024
  • Revenue from operations increased by 8.9% year-over-year to Rs 843.3 crore
  • EBITDA margin narrowed by 200 basis points to 13.4% from 15.4%
  • The company’s stock has delivered 49.72% returns in the last 1 year

 

 

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Source: Google

Business Desk: News Lounge 24×7

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