Several stocks are expected to remain in focus as companies announced strong Q1 FY27 earnings, major project wins, renewable energy expansion, and key corporate developments. L&T Technology Services, Avenue Supermarts, L&T Finance, Adani Green Energy, NTPC, Power Grid, JSW Energy, and RITES are among the key stocks investors will watch today.
Indian equities are expected to witness stock-specific movement as several companies announced their June quarter results, business updates, project wins, and key corporate developments. L&T Technology Services, Avenue Supermarts, L&T Finance, Adani Green Energy, NTPC, Power Grid Corporation, and other companies are likely to remain in focus.
L&T Technology Services Reports Strong Q1 Performance
L&T Technology Services (LTTS) delivered a strong performance in the June quarter on a consolidated basis. The company’s net profit increased 17.05% year-on-year to ₹1,468.6 crore compared with ₹1,254.6 crore in the same quarter last year.
Revenue grew 17.96% to ₹11,608 crore from ₹9,840.6 crore. EBIT surged 27.9% to ₹1,799.3 crore, while EBIT margin expanded by 120 basis points to 15.5% from 14.3%.
Dollar revenue increased 6.1% to $1,223.5 million compared with $1,153.3 million, highlighting steady business momentum across global markets.
Avenue Supermarts Posts Steady Growth
Avenue Supermarts, the operator of DMart stores, reported healthy growth in the June quarter. Consolidated profit rose 11.3% year-on-year to ₹860.4 crore from ₹772.8 crore.
Revenue increased 14.9% to ₹18,794.5 crore compared with ₹16,359.7 crore in the year-ago period. EBITDA grew 15.4% to ₹1,499.3 crore, while EBITDA margin remained stable at 7.97% against 7.94% earlier.
L&T Finance Delivers Strong Quarterly Numbers
L&T Finance reported a robust performance with consolidated profit rising 28.7% year-on-year to ₹902.5 crore from ₹701.1 crore.
Net interest income increased 28.4% to ₹2,924.8 crore compared with ₹2,278.8 crore in the corresponding quarter, supported by strong lending growth and improved operational performance.
Adani Green Energy Expands Renewable Capacity
Adani Green Energy continued its expansion in the renewable energy sector. The company’s operational capacity increased 27% year-on-year to 20,142 MW.
Energy sales increased 30% to 13,657 million units, reflecting higher generation capacity and strong operational performance.
Keystone Realtors and Fino Payments Bank Updates
Keystone Realtors reported a decline in operational performance during the quarter. Pre-sales fell 42% year-on-year to ₹617 crore from ₹1,068 crore, while collections increased 4% to ₹599 crore from ₹575 crore.
The area sold declined 49% to 0.32 million sq ft compared with 0.63 million sq ft in the previous year.
Fino Payments Bank reported strong monthly business growth for June. New account openings increased 31% to 3.13 lakh compared with 2.39 lakh. Average total deposits rose 11% to ₹2,755 crore from ₹2,477 crore.
Major Corporate Developments
Mankind Pharma approved the sale of its entire 100% stake in Broadway Hospitality Services to AKRK Projects LLP and Partners for ₹49 crore. The move is part of the company’s strategy to divest non-core assets.
Lux Industries announced the foundation stone laying for its new manufacturing facility at Dankuni, West Bengal. The project involves an investment of ₹600 crore and aims to establish one of Asia’s largest garment manufacturing hubs.
RITES secured a work order worth ₹79.22 crore from Patna Metro Rail Corporation for consultancy services related to the Patna Metro Rail Construction Project.
JSW Energy’s subsidiary JSW Energy PSP Eleven secured orders worth ₹443.74 crore for 200 MW / 400 MWh Battery Energy Storage Systems (BESS), strengthening its position in the clean energy storage segment.
Power and Infrastructure Stocks in Focus
NTPC approved an investment proposal worth ₹20,456.70 crore for the Lara Super Thermal Power Project Stage III (2x800 MW).
Power Grid Corporation received the Letter of Intent for the Krishnagiri Renewable Energy Zone Phase-I transmission project under the Tariff-Based Competitive Bidding process. The project includes new substations and transmission lines across Andhra Pradesh, Telangana, and Karnataka.
Powerica emerged as the winning bidder for a 50 MW wind power project under Gujarat Urja Vikas Nigam’s tender, with a discovered tariff of ₹3.51 per unit.
Pace Digitek’s subsidiary Lineage Power signed an MoU with Bondada Renewable Energy for supplying Battery Energy Storage Systems, including DC blocks, BESS cabinets, PCS, EMS, and battery containers.
Other Stocks to Watch
NMDC revised iron ore prices effective July 10, fixing Baila Lump prices at ₹5,450 per tonne and Baila Fines prices at ₹4,700 per tonne.
Sterlite Technologies announced a victory in its European patent dispute with Fujikura after the European Patent Office revoked Fujikura’s European Patent EP 3796060.
Innovision received a Letter of Award worth ₹27.52 crore from NHAI for user fee agency services at the Kariyamangalam fee plaza in Tamil Nadu.
Swiggy clarified that the FSSAI prohibition order related only to licence updates for its Toing platform and did not involve any food safety concerns. The company later received the modified FSSAI licence.
Jindal Steel announced the resignation of CEO Gautam Malhotra, effective July 15.
InterGlobe Aviation (IndiGo) received a warning letter from the DGCA regarding cargo handling procedure deviations. The airline stated that the development will not have any significant impact on its financials, operations, or business activities.
With earnings announcements, infrastructure orders, renewable energy developments, and corporate updates driving investor sentiment, these stocks are likely to remain in focus during the upcoming trading sessions.
