Top stocks to watch today, July 31: Tata Steel, M&M, Tata Motors, Jio Financial in focus; IndiGo, Indus Towers under pressure
Tata Steel: The company reported Q1FY26 results above estimates, with India EBITDA per tonne at ₹15,240, surpassing the Street's expectation of ₹14,500 per tonne.
Mahindra & Mahindra (M&M): Q1 earnings were largely in line with estimates. The management has maintained its growth guidance, offering confidence in rural demand and upcoming UV/BEV launches.
Tata Motors: The auto major announced a €3.8 billion all-cash deal to acquire Iveco Group's non-defence business, strengthening its global commercial vehicle presence.
Jio Financial Services: Promoters will infuse ₹15,825 crore through a preferential issue at ₹316.50 per share for a 7% post-issue stake, signaling strong promoter confidence.
Kaynes Technology: The company posted a strong margin beat, with EBITDA surging 69% year-on-year.
Navin Fluorine: Q1 EBITDA margin improved to 28.5% from 19.2% a year ago, with revenue rising 39% YoY.
ITD Cementation: EBITDA grew 5.2% while net profit rose 37% YoY, reflecting operational stability.
JB Chemicals: The company posted a 7.5% rise in EBITDA and 9% increase in revenue YoY.
Sagility India: EBITDA surged 78%, with margins expanding to 22.4% from 15.8% YoY.
InterGlobe Aviation (IndiGo): Q1 profit declined 20% YoY, missing estimates due to weaker yields and high cancellations amid geopolitical disruptions.
Indus Towers: Reported margin dropped to 54.5% from 56.9%, while profit fell 2.4% QoQ, missing analyst expectations.
Textile and seafood stocks: These sectors may face headwinds after the U.S. imposed a 25% tariff on Indian imports, along with additional penalties, impacting export-dependent companies.
Indraprastha Gas (IGL): Q1 volumes declined 0.6%, with revenue down 0.2% QoQ, despite better-than-expected margins.
Hitachi Energy: While ordering activity remained robust, Q1 results missed estimates, weighing on sentiment.
Sonata Software: EBIT fell 10.7% QoQ and margin dropped to 4.5% from 5.7%, missing forecasts.
CAMS: Revenue, EBITDA, and net profit all missed estimates, with EBITDA margin contracting by 118 basis points sequentially.
Disclaimer: The views expressed in this article are based on company disclosures and public updates, and do not constitute investment advice. Please consult your financial advisor before making any investment decisions.
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