Stock Market Watch: High-Potential Stocks Poised for a Surge on July 18, 2024

Indian Stock Market: Leading Picks to Consider for Investment on July 18, 2024

LTIMindtree Ltd

Rs.5,652.40/-

LTIMindtree Q1 Revenue and Profit Report

• LTIMindtree saw a sequential rise in revenue for Q1 2024.
• Consolidated revenue increased by nearly 3% quarter-on-quarter, reaching Rs 9,142.6 crore from April to June.
• The net profit slightly missed analysts’ expectations.
• Over the last five years, LTIMindtree’s stock has provided a 243.65% return.

Avenue Supermarts Ltd

Rs.5,049.85/-

Avenue Supermarts Q1FY25 Financial Summary

• Avenue Supermarts reported flat operating margins year-on-year for Q1FY25 due to higher operating costs.
• Employee expenses and other costs increased by 29.2% and 25.8%, respectively, as new, larger stores were introduced.
• Consolidated revenue rose 18.6% year-on-year, reaching Rs 14,069 crore, aligning with market expectations.
• Over the past year, Avenue Supermarts’ stock has delivered a return of 35.72%.

Asian Paints Ltd

Rs.2,946.05/-

Asian Paints Sees Price Targets Cut After Weak Q1FY25 Earnings

• Asian Paints missed Street expectations in its Q1FY25 earnings report.
• Revenue declined for the second consecutive quarter.
• Volume growth fell short of management’s double-digit growth guidance.
• Analysts subsequently reduced their price targets and EPS estimates.
• Over the last five years, Asian Paints has delivered a return of 113.08%.

Glenmark Pharmaceuticals Ltd

Rs.1,416.05/-

Glenmark Pharma Gains USFDA Approval for Topiramate Capsules

• Glenmark Pharmaceuticals secured final approval from the USFDA for its Topiramate capsules.
• The drug is bioequivalent and therapeutically equivalent to Janssen Pharmaceuticals’ Topamax capsules.
• This approval is expected to boost Glenmark’s revenue in the U.S. market.
• Over the past year, Glenmark Pharmaceuticals has provided a return of 100.85%.

Just Dial Ltd

Rs.1,218.00/-

Just Dial Posts Robust Q1 FY25 Results

• Just Dial reported a 69.3% year-on-year increase in net profit for Q1 FY25.
• Revenue from operations rose by 13.6% to Rs 280.5 crore compared to the same period last year.
• EBITDA margins improved significantly, reaching 28.7% in Q1, up from 14.8% in the previous fiscal’s corresponding period.
• Just Dial’s stock has provided a 29.69% return over the past year.

Bajaj Electricals Ltd

Rs.1,031.30/-

CEO Anuj Poddar Resigns from Bajaj Electricals

• Anuj Poddar, MD and CEO of Bajaj Electricals, has resigned to pursue an external opportunity.
• The Board has accepted his resignation, commending his contributions to the company’s transformation and growth over the past five and a half years.
• The CEO’s departure may create uncertainty among investors regarding the company’s future direction.
• Bajaj Electricals’ stock has delivered a return of 132.85% over the last five years.

Indian Renewable Energy Dev Agency Ltd

Rs.255.89/-

IREDA to Invest Rs 290 Crore in Nepal Hydroelectric Project

• IREDA commits Rs 290 crore to the Upper Karnali Hydro-Electric Power Project in Nepal.
• The investment includes a 10% equity stake in the project.
• This strategic move aims to enhance IREDA’s presence in the renewable energy sector.
• IREDA’s stock has achieved a 353.47% return over the past year.

L&T Finance Ltd

Rs.183.91/-

L&T Finance Achieves Strong Q1 FY25 Results

• L&T Finance posted a 29% year-on-year increase in consolidated net profit, reaching Rs. 686 crore for Q1 FY25.
• Net interest income grew by 23% year-on-year to Rs. 2,020 crore in the same period.
• The company plans to resume retail bond issuances and raise funds through commercial paper.
• Over the past year, L&T Finance’s stock has provided a return of 39.45%.

Infosys Ltd

1,734.35/-

Anticipated Growth for Infosys Ltd. in Q1 FY25

• Infosys Ltd. is poised to unveil robust sequential revenue growth in Q1 FY25, bolstered by significant contract wins.
• Analysts foresee a quarter-on-quarter revenue uptick of 2.4% to 2.5%, alongside a 6% year-on-year surge in net profit.
• The company’s management is expected to affirm its FY25 revenue growth forecast of 1-3%.
• Infosys has yielded impressive returns of 21.3% over the past year, reflecting strong investor confidence.

Tata Power Company Ltd

Rs.431.30/-

Tata Power Plans Rs 20,000 Crore Investment Boost in FY25

• Tata Power Company Ltd. intends to inject Rs 20,000 crore in FY25 to accelerate its renewable energy initiatives and enhance its transmission and distribution capabilities.
• The company aims to expand its clean energy capacity from 9 GW to 15 GW over the next five years through new projects and existing infrastructure.
• Tata Power’s strategic focus on rooftop solar is anticipated to bolster its market share, supported by initiatives like PM Surya Ghar Yojana.
• Over the past year, TATAPOWER has delivered impressive returns of 95.48%, reflecting strong investor confidence in its growth trajectory.

Spicejet Ltd

Rs.55.75/-

SpiceJet Sees Q4 Profit Surge Amid Market Challenges

• SpiceJet Ltd. has reported a substantial increase in Q4 standalone profit, reaching Rs 119 crore, despite a 20% decline in revenue from operations.
• The airline’s market share dipped below 4% in June but recovered slightly to 4.2% by the end of Q2 2024.
• Following the resignation of the CFO, Joyakesh Podder has been appointed as the new Deputy CFO.
• Over the past year, SpiceJet Ltd. has generated returns of 87.46%, reflecting resilience amid challenging market conditions.

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