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Business Upturn
18-07-2025
- Business
- Business Upturn
Top stocks in focus on July 18: Wipro, HAL, Afcons Infrastructure, Axis Bank, LTIMindtree, Jio Financial and more
By Aman Shukla Published on July 18, 2025, 08:09 IST Indian equity markets ended lower on Thursday, weighed down by losses in IT stocks and cautious investor sentiment ahead of the US-India trade talks. Additional pressure came from continued foreign fund outflows and below-par corporate earnings. On Friday, several companies are likely to remain in focus due to quarterly results and corporate developments: Stocks to Watch – July 18 Afcons Infrastructure: Wins two Croatian road construction projects. Godrej Properties: Buys 48-acre land in Doddaballapur, Bengaluru. Indostar: Sells Niwas Housing Finance for ₹1,705.95 crore. EMS: Bags ₹19.46 crore electrical works order; gets project approval worth ₹194.6 million. Bharat Forge: JV formed in Spain via Kalyani Strategic Systems. Inox Wind: Plans ₹1,250 crore rights issue. NTPC Green: Govt clears ₹20,000 crore investment limit. Dodla Dairy: Acquires HR Food Processing to expand East India presence. One 97 Communications: Registers Paytm Company in Saudi Arabia. Euro Asia Exports: Gets LoI from CYGR (France) to make drone modules. Lupin: Dabhasa API plant gets TGA Australia GMP nod. HAL: Receives wing assemblies for LCA Mk1A from L&T. Nuvoco: Q1 profit jumps to ₹133 crore from ₹2.8 crore YoY. Sunteck Realty: Q1 profit at ₹33.4 crore vs ₹22.8 crore YoY. Sterling & Wilson: Profit at ₹38.69 crore vs ₹4.83 crore YoY. M&M: To subscribe fully to MLL rights issue at ₹277/share. Wipro: Q1 profit at ₹3,330 crore; beats estimates slightly. Axis Bank: Q1 profit below estimates; slippages rise to ₹8,200 crore. Clean Science: Q1 profit at ₹70.06 crore; revenue at ₹242 crore. LTIMindtree: Reports improved YoY earnings. Jio Financial: Profit at ₹325 crore; revenue grows to ₹612 crore. Indian Hotels: Profit rises to ₹296.4 crore; revenue at ₹2,041.8 crore. Tata Communications: Profit falls to ₹190 crore; revenue improves. Shoppers Stop: Narrows loss to ₹15.74 crore. CEAT: Profit drops to ₹112 crore YoY; revenue up. G M Polyplast: Reappoints Sarita Sharma as Whole-time Director. Vadilal: CFO Sonali Parab resigns. Emami: Invests in Cannis Lupus Services via OCDs. Elpro International: Buys shares in Arvind Fashions. Escorts Kubota: Gets GST notice over ₹7.48 crore refund. Asian Energy: VP Gyanendra Singh resigns. Adani Enterprises: Wilmar shares released from encumbrance. Adani Ports: Moody's reaffirms Baa3 rating; outlook unchanged. Veranda Learning: Opens QIP; floor price set at ₹236.92/share. Alok Industries: Q1 loss widens to ₹176.5 crore; revenue dips. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Afcons InfrastructureAxis BankHALJio FinancialLTIMindtreeStock MarketWipro Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Time of India
26-06-2025
- Business
- Time of India
Indostar banks on improving asset quality, branch expansion for growth
The stock of Indostar Capital has gained 21% since its March quarter result declared on April 29 compared with nearly 4.5% increase in the ET NBFC index. The mid-tier nonbanking financial company (NBFC) reported strong growth in net interest income and improved asset quality amid tightened lending policies. The company sold stressed loans in a transaction with an asset reconstruction company (ARC) during the quarter which is expected to keep asset quality high in FY26 as well. Indostar's cost-income ratio has historically been higher in the vicinity of 70%. It has undertaken a cost optimisation drive to rationalise operating costs. The company aims to bring the cost-income ratio down to around 50% in the coming quarters. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Belly Fat Removal Without Surgery in Philippines: The Price Might Surprise You Belly Fat Removal | Search Ads Undo Over the past two years, the company has been focusing on expanding its reach. It added over 150 branches during the period to take the total count to 587 at the end of March 2025. It also augmented the workforce significantly by 1764 to 5,763. The management expects these initiatives will help in achieving 12-15% growth in assets under management (AUM). In FY25, its AUM grew by 26.1% to Rs11,053 crore. The retail share in the AUM reached 99% in FY25 from 26% in FY18. It undertakes commercial vehicle financing, small and medium enterprises (SME) lending, and loan against property (LAP). The company plans to replace high cost debt worth Rs 800 crore attracting an interest rate of 12% with fresh borrowings at a coupon rate of 10% in the June 2025 quarter. This is expected to reduce the debt servicing cost. The company spent over half of the revenue from operations on interest payment in each of the two years to FY25. Live Events Indostar's net profit grew by 2.6% to Rs36.2 crore in the March 2025 quarter. Net interest income (NII) at Rs181 crore fell year-on-year by 22% due a high base of one-time gain in the previous year's comparable quarter. Disbursements at Rs1,535 crore were 13% lower from the year ago as the company implemented tighter lending policies. On a standalone basis, gross non-performing assets (NPA) fell to 4.5% from 5% by similar comparison. Motilal Oswal expects 94% growth in net profit of Indostar between FY25 and FY27. The brokerage has a buy rating on the stock with a target price of Rs360. On Thursday, it was last traded at Rs352.5 on the BSE.
