Stocks to Watch Today:Indian stock markets are expected to begin Tuesday’s session with investors tracking a busy day of corporate developments, quarterly earnings and strategic announcements. Shares of DLF, Indian Renewable Energy Development Agency (IREDA), Life Insurance Corporation of India (LIC), One97 Communications (Paytm) and several other companies are likely to remain in focus after reporting financial results or announcing significant corporate actions.
The broader market enters the trading session after extending its winning streak on Monday. Supported by easing crude oil prices, strong corporate earnings and continued foreign institutional investor inflows, the Nifty 50 rose 1.6% to close at 24,774.30, while the BSE Sensex gained 0.7% to finish at 78,639.03.
DLF Reports Higher Profit Despite Revenue Decline
Real estate major DLF posted a consolidated net profit of ₹793.9 crore for the first quarter of FY27, registering a 4.1% year-on-year increase from ₹762.7 crore reported in the corresponding quarter last year.
However, the company’s revenue from operations fell sharply by 52.9% to ₹1,280.3 crore, compared with ₹2,716.7 crore in the year-ago period. Investors are expected to assess the contrasting trends in profitability and revenue while tracking the stock.
IREDA Posts Strong Growth in June Quarter
State-owned lender Indian Renewable Energy Development Agency (IREDA) reported a strong set of quarterly numbers. The company recorded a 36.8% year-on-year rise in net profit to ₹337.5 crore during the June quarter, up from ₹246.7 crore a year earlier.
According to the company’s results, continued growth in its lending business supported the increase in profitability, making the stock one of the key counters to watch during Tuesday’s session.
LIC OFS Opens Today
Life Insurance Corporation of India (LIC) will remain under the spotlight as the Government of India launches an Offer for Sale (OFS) of up to a 6.5% stake in the insurer.
The OFS opens on August 4 with a floor price of ₹382 per share. The government’s stake sale is expected to draw significant investor interest during the trading session.
Paytm Stock in Focus Over Proposed Block Deal
Shares of One97 Communications, the parent company of Paytm, may witness heightened activity following reports of a proposed block deal.
Existing shareholder SAIF Partners is expected to sell a 2.3% stake in the fintech company through a transaction estimated at around ₹2,002 crore. The reported floor price for the deal is ₹1,339.65 per share, representing a 5% discount to the previous closing price.
Torrent Power Posts Mixed Quarterly Performance
Torrent Power reported mixed financial results for the June quarter. While revenue recorded modest growth, consolidated net profit declined 12.7% year-on-year to ₹639 crore, compared with ₹731.4 crore in the same period last year.
The company attributed the decline in profitability to higher finance costs and disruptions in LNG supplies.
Other Companies Reporting Quarterly Results
Several other listed companies also announced their June-quarter financial performance.
- Kansai Nerolac Paints reported nearly 5% growth in consolidated net profit, while revenue increased 9.8% to ₹2,374 crore despite higher raw material costs affecting margins.
- Gulf Oil Lubricants India posted a consolidated net profit of ₹123.1 crore, up 28.6% year-on-year, with revenue from operations rising 30.6% to ₹1,327 crore.
- GlaxoSmithKline Pharmaceuticals (GSK Pharma) recorded a 15.7% increase in June-quarter net profit, supported by growth in its general medicines and vaccines businesses along with improved operating margins.
- The Great Eastern Shipping Company more than doubled its consolidated net profit to ₹1,309 crore from ₹505 crore a year earlier, aided by strong shipping operations and better operating margins.
Companies Scheduled to Announce Earnings Today
Market participants will also closely monitor quarterly earnings scheduled for August 4. Companies expected to announce their June-quarter results include:
- Bharti Airtel
- Bharti Hexacom
- BSE
- Castrol India
- Dredging Corporation of India
- Godrej Properties
- Adroit Infotech
- Ajmera Realty & Infra India
Market Outlook
With benchmark indices closing at fresh higher levels in the previous session and several major companies reporting earnings or undertaking corporate actions, investors are expected to keep a close watch on these stocks throughout Tuesday’s trading session. Developments related to quarterly results, the LIC stake sale and the proposed Paytm block deal are likely to remain among the key drivers of market sentiment.
