Stock Market Watch: High-Potential Stocks Poised for a Surge on June 19, 2024

Indian Stock Market: Leading Picks to Consider for Investment on June 19, 2024

LTIMindtree Ltd

Rs.5,034.90/-

LTIMindtree Trades Ex-Dividend Amid Strong Financial Results

• LTIMindtree shares are trading ex-dividend today for a final dividend of Rs 45 per share.
• The IT services company posted a consolidated net profit of Rs 1,100 crore in Q4 of the last fiscal year.
• Revenue from operations in Q4 increased by 2% YoY, reaching Rs 8,893 crore compared to Rs 8,691 crore in the same period last year.
• Over the past five years, LTIMindtree has delivered a 188.18% return.

Zomato Ltd

Rs.198.95/-

Zomato Eyes Acquisition of Paytm’s Ticketing Arm

• Zomato is in negotiations to acquire Paytm’s movies and ticketing business to enhance its Going-out segment.
• Brokerages maintain bullish outlooks on Zomato, with a target price of up to Rs 280 per share.
• The acquisition of Paytm Live is unlikely to adversely affect Zomato’s liquidity.
• Zomato has posted a 145.54% return over the past year.

Ashok Leyland Ltd

Rs.234.64/-

Ashok Leyland Forecasts Surge in Heavy-Duty Truck Demand

• Ashok Leyland anticipates significant growth in the demand for medium and heavy-duty trucks and buses, fueled by an increased focus on infrastructure projects.
• The company expects a shift among commercial vehicle buyers towards 40-tonne and above trucks due to their improved unit economics.
• Over the past year, Ashok Leyland has delivered a 42.8% return.

Bosch Ltd

Rs.32,949.95/-

Bosch Unveils First Indian Assembly Line for Fire Alarm Solutions

• Bosch Building Technologies has inaugurated its first assembly line in India, dedicated to producing fire alarm solutions, including the Avenar fire detector.
• This new assembly line aims to meet increasing market demand, enhance supply chain efficiency, and ensure sustained profitable growth.
• Over the past year, Bosch Ltd has achieved a 70.65% return.

Bharat Electronics Ltd

Rs.309.85/-

Bharat Electronics Boasts Strong Rs 75,934 Crore Order Book

• Bharat Electronics Limited (BEL) maintains a robust order book valued at Rs 75,934 crore.
• The Indian government owns 51% of the company, exercising significant control over its management and governance.
• Institutional investors also hold a substantial stake in BEL.
• Over the past three years, BEL has delivered an impressive 535.34% return.

Hindustan Aeronautics Ltd

Rs.5,364.95/-

HAL Secures Major Order for Light Combat Helicopters

• Hindustan Aeronautics Ltd (HAL) has received a Request for Proposal from the Ministry of Defence for the procurement of 156 Light Combat Helicopters, valued between Rs. 45,000-50,000 crore.
• This order is poised to enhance HAL’s standing in the Indian aerospace and defense sector, potentially driving revenue growth.
• Over the past three years, HAL has delivered a remarkable 923.27% return.

ICICI Bank Ltd

Rs.1,163.85/-

• ICICI Bank Ltd’s market capitalization stands at Rs 7.89 lakh crore, slightly above that of HDFC Bank.
• Both ICICI Bank and HDFC Bank dominate the service sector credit, holding a combined 51% share in FY24.
• This indicates ICICI Bank’s robust performance in comparison to its peers within the banking sector.
• Over the past five years, ICICI Bank has achieved a 161.91% return.

Macrotech Developers Ltd

Rs.1,549.70/-

Macrotech Developers Targets Strong Growth Amid High Base

• Macrotech Developers is aiming for a 20% CAGR in pre-sales, while competitors Godrej Properties and Prestige Estates target 20% and 25% YoY growth respectively.
• Motilal Oswal has issued a ‘Buy’ rating for Macrotech Developers with a target price of Rs 1770.
• The company has expanded into new markets, including a successful entry into Bengaluru.
• Over the past year, Macrotech Developers has delivered a 147.26% return.

Sobha Ltd

Rs.2,023.50/-

Sobha Ltd Declines Amidst BSE Realty Index Dip

• Sobha Ltd’s shares dropped 3.25% today, trading at Rs 2085.
• The BSE Realty index decreased by 0.1%, while Sobha Ltd has gained 13.93% over the past month.
• This compares to a 14.18% increase in the BSE Realty index and a 4.78% rise in the SENSEX.
• Over the past year, Sobha Ltd has delivered an impressive 282.23% return.

Indus Towers Ltd

Rs.333.70/-

Vodafone Plans Stake Sale in Indus Towers

• Vodafone Group is set to sell a 9.94% stake in Indus Towers through block deals, potentially raising up to $1.1 billion.
• The sale is expected to occur at a discount of around 10% to the current market price.
• Proceeds from the sale might be infused into Vodafone Idea, helping to clear Indus Towers’ past dues and possibly resulting in a special dividend of Rs 15 per share.
• Over the past year, Indus Towers has achieved a 111.91% return.

Titan Company Ltd

Rs.3,467.45/-

Titan Partners with Charriol for Luxury Expansion

• Titan’s Helios, a multi-brand premium watch store, has partnered with Swiss luxury watchmaker Charriol to enhance its international offerings.
• Titan anticipates stressed jewelry demand in H1 of FY 2024-25 due to fewer wedding dates and high gold prices.
• Technical analysis indicates a bullish trend for Titan stock, presenting an attractive buying opportunity.
• Over the past five years, Titan has delivered a 180.72% return.

ZF Commercial Vehl Cntrl Sytm India Ltd

Rs.16,249.25/-

ZF Commercial Vehicle Control Stock Declines After Equity Sale

• Wabco Asia Private Ltd is set to sell a 5% stake in ZF Commercial Vehicle Control Systems India Ltd through block deals.
• Shares are being offered at a floor price of ₹14,980 each, marking a 13.3% discount to the last closing price on the NSE.
• Despite the decline, ZFCVINDIA has delivered a 150.23% return over the past three years.

Sansera Engineering Ltd

Rs.1,273.00/-

Sansera Engineering Sees Significant Stake Sale

• Client Ebene and CVCIGP II Employee Ebene sold an 11.6% stake in Sansera Engineering through block deals worth Rs 750 crore.
• The identities of the buyers and sellers remain unclear.
• This sale may potentially impact the stock price of Sansera Engineering.
• Over the past year, Sansera has achieved a 43.15% return.

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