Stocks to Watch Today, July 13: Indian equities are likely to track a mix of quarterly earnings updates and key corporate developments today, with companies such as LTM, Avenue Supermarts, L&T Finance and Indian Bank reporting strong Q1 performance.
Investors will also monitor major announcements from NTPC, ONGC, JSW Energy, Power Finance Corporation and others, spanning infrastructure investments, capacity expansion, fundraising and strategic moves.
Stocks in focus |
Why in focus |
| LTM | Profit rises 17.05 per cent; revenue up 17.96 per cent |
| Avenue Supermarts | Q1 profit grows 11.3 per cent |
| L&T Finance | Profit jumps 28.7 per cent |
| Indian Bank | Q1 profit increases 10 per cent |
| NTPC | Board approves Rs 20,456.7 crore investment |
| State Bank of India | SBI Funds Management cuts IPO size |
| ONGC | Completes the second geothermal well drilling |
| Nuvoco Vistas Corporation | Inaugurates 2 MMTPA cement grinding capacity |
| JSW Energy | Secures Rs 443.74 crore BESS orders |
| Power Finance Corporation | Raises USD 300 million through bonds |
| Mankind Pharma | Approves Rs 49 crore stake sale |
| Swiggy | Receives FSSAI prohibition order |
Q1 Earnings
Profit rose 17.05 per cent to Rs 1,468.6 crore, while revenue increased 17.96 per cent to Rs 11,608 crore in Q1.
Avenue Supermarts (D-Mart)
Healthy Retail Performance
Profit grew 11.3 per cent to Rs 860.4 crore, while revenue rose 14.9 per cent to Rs 18,794.5 crore in Q1.
Profit jumped 28.7 per cent to Rs 902.5 crore. Net interest income increased 28.4 per cent to Rs 2,924.8 crore.
Net profit increased 10 per cent to Rs 3,273 crore, while total income rose to Rs 20,724 crore from Rs 18,721 crore.
NTPC
Board Clears Mega Project
The board approved an investment of Rs 20,456.7 crore for the 1,600 MW Lara Super Thermal Power Project Stage-III in Chhattisgarh.
State Bank of India (SBI)
SBI Funds Management cut its IPO size to Rs 9,812.9 crore after raising Rs 1,880 crore from 30 investors in a pre-IPO placement.
ONGC
Advances Geothermal Project
ONGC completed drilling its second geothermal well in Ladakh’s Puga Valley, moving closer to India’s first pilot geothermal power plant.
The company commissioned a 2 MMTPA cement grinding unit at Limla, Surat, strengthening its footprint in western India.
Subsidiary JEPEL won orders worth Rs 443.74 crore for 200 MW/400 MWh Battery Energy Storage Systems and power conversion solutions.
Power Finance Corporation
PFC raised USD 300 million through floating-rate bonds to strengthen its funding base.
The board approved the sale of its entire stake in Broadway Hospitality Services for Rs 49 crore as part of non-core asset divestment.
Swiggy received a prohibition order from FSSAI on July 6 related to its food ordering and delivery platform, Toing.
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
