Stocks to buy today: Trade Brains Portal recommends two stocks for 10 July
We also analysed the market's performance on Wednesday to understand what may lie ahead for the stock indices in the coming days.
Two stocks to buy today, recommended by Trade Brains Portal
Oil IndiaLtd - Current price: ₹ 445
In FY25, the company reported revenue of about ₹37,830 crore, which is 0.5% higher than FY 2024.Crude oil revenue stood at ₹15,741 crore, while natural gas revenue stood at ₹5,514 crore.The EBITDA witnessed ₹12,824 crore, and the PAT is ₹7,039 crore. The company has been consistently improving its operating margin from 26.8% in FY22 to 27.6% in FY25.In the upstream segment, the total hydrocarbon production rose to 6.7 million tons of oil and oil equivalent. In FY25, the company did a capex of ₹8,467 crore. The company has successfully improved its debt leverage from 0.6 in FY21 to 0.27 in FY25.
The company distributed a final dividend of ₹1.50 per share, bringing a full-year payout of ₹11.5 per share. The company has been consistently giving dividends with a payout ratio of over 30% over the last 3 years. By 2040, the company looks at refining capacity from a demand point of view, about 440 million metric tons, and aims to increase its capacity to 90 million metric tons from 30 million metric tons currently. Oil India has secured about 40,000 sq. km. of area as part of our petroleum exploration licence and has access to 4,800 sq. km. of petroleum mining lease that is with Oil India under nomination acreage.
Risk factors:It operates in a competitive environment and is highly capital-intensive in nature. Moreover, it is also exposed to the cyclicality of the E&P industry, which requires continuous large investments and a high gestation period. It is susceptible to significant geopolitical risks, as some of the overseas reserves are in countries that have political instability.
Thermax Ltd - Current price: ₹ 3,440
The company reported an operating revenue of ₹10,389 crore in FY25, which surged 11% compared to ₹9,323 crore in FY24. It has been growing at 17% CAGR over the last 5 years. Profit after tax stood at ₹627 crore, which has been growing consistently at 25% CAGR over the past 5 years. Moreover, international revenue stood at ₹2,324 crore, growing consistently at 7% CAGR over the last 5 years. Additionally, in the segmental revenue, the Industrial Products rose by 12%, Industrial Infra was up by 6%, Green Solutions was up by 36%, and the Chemical segment grew by 15% YoY in FY25.
According to management guidance, EBITDA margins can cross double digits in FY26. The company entered a major strategic partnership with UK-based Vebro Polymers to address India's industrial and commercial flooring needs. The company also made a partnership with Oswaldo Cruz Quimica, a Latin American company, to manufacture and supply high-performance resins and polymers. In addition, the company expects to execute a ₹315 crore order in Bio-CNG by Q3 FY26 and an FGD order of ₹467 crore, of which ₹350 crore is expected to be executed by FY26, and ₹100 crore can be executed by FY27.
Market Recap
On Wednesday, Nifty 50 opened at 25,514.60 and reached the day's high of 25,548.70. It closed at 25,476.10, trading above all of the 20/50/100/200 EMAs on the daily time frame. It closed in red, down by 46.4 points, or 0.18%. The BSE Sensex closed at 83,536.08, down 176.43 points, or 0.21%, after opening at 83,625.89. Both indices were trading above all four EMAs (20/50/100/200), with the Nifty 50 RSI at 60.61 and the BSE Sensex RSI at 59.82 (far below the overbought threshold of 70). The Indian equity markets closed lower and stayed volatile throughout the trading day on Wednesday, mainly due to the upcoming earnings season, tariffs, and anticipated trade deal announcements between India and the US.
Additionally, the benchmark indices were driven lower by the selling pressures observed in the metal, oil and gas, and IT industries. With an increase of more than 6% by Emami Ltd., whereas Dabur India and Varun Beverages rose more than 1%, which led to an increase in the Nifty FMCG index, which surged 442.2 points, or 0.8%, to close at 55,946.
The Nifty Realty index was among the top losers, closing at 967.75, down -1.49%, or -14.6 points. Stocks like Brigade Enterprises and Phoenix Mills Ltd., which had declined more than 3%, pulled the Nifty Realty Index down. The Nifty Metal Index was also one of the top losers, which dropped -132.9 points, or -1.4%, and closed the day at 9,384.5. Trump's announcement of additional duties on copper imports caused a 3% decline in the stocks of companies such as Vedanta, Hindustan Copper, and Hindustan Zinc on Wednesday. Moreover, Viceroy Research, US US-based research firm, has shorted Vedanta Resources, a subsidiary of Vedanta Ltd, accusing the group's financial structure of being unstable and posing an underappreciated risk to creditors, resembling a Ponzi scheme. It led to a heavy decline of -3.41% in the share price of Vedanta Ltd.
Asian markets ended the day on Wednesday with mixed results. The Hong Kong Hang Seng index tumbled by -1.06%, or -255.75 points, to end at 23,892.32, while the South Korean Kospi index rose by 0.6%, or 18.79 points, to end at 3,133.74. Japan's Nikkei 225 jumped 132.47 points, or 0.33%, to 39,821.28. The Shanghai index ended the day down 4.43 points, or 0.13%, at 3,473.13. At 5:43 PM on Wednesday, the US Dow Jones Futures were up 150.67 points, or 0.35%, at 44,391.29.Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Pvt. Ltd, and its Sebi-registered research analyst registration number is INH000015729.
Investments in securities are subject to market risks. Read all the related documents carefully before investing.
Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
5 minutes ago
- Business Standard
University of Southampton first to set up full Indian campus in Gurugram
The University of Southampton, based in the United Kingdom, officially inaugurated its campus in Gurugram on Wednesday, becoming the first foreign university to establish a fully operational campus in India under the University Grants Commission (UGC) regulations. The launch event was attended by Union Education Minister Dharmendra Pradhan and Haryana Chief Minister Nayab Singh Saini, who both welcomed the development as a key moment in India's higher education reforms, according to a report by the Press Trust of India. The university had received a Letter of Intent (LoI) last year, following the UGC's guidelines for foreign higher education institutions setting up campuses in India. "This marks a momentous milestone towards internationalisation of education at home under NEP 2020, and also towards strengthening the education pillar of India-UK cooperation as envisioned in the India-UK Roadmap 2030," said Pradhan. He also praised the swift establishment of the campus, noting that it was built within a year of receiving the LoI. "University of Southampton has set up this state-of-the-art campus within a year of receiving the LoI. I am confident that the campus, with its basket of forward-looking courses and Southampton's legacy of academic excellence, will emerge as a distinguished institution shaping leaders of tomorrow," he added. Focus on STEM and global problem-solving Pradhan encouraged the university's leadership to introduce STEM (Science, Technology, Engineering, and Mathematics) courses at the Gurugram campus and said it should serve as a centre for addressing global challenges. "Education has been placed at the heart of India's development. Through the internationalisation of education at home, India is being envisioned as a global knowledge destination, reviving its civilisational legacy and reigniting its intellectual heritage from Pushpagiri and Nalanda to Gurugram," he said. "I invite other leading universities across the world to come to India for co-creating ecosystems of innovation, research and education," Pradhan added. Courses and global opportunities for students The Gurugram campus will provide undergraduate and postgraduate degrees that align with UK academic standards. Students will also have the opportunity to spend up to one year at the University of Southampton's campuses in the UK or Malaysia. From 2025, the campus will offer BSc programmes in Computer Science, Economics, Accounting & Finance, and Business Management. It will also provide MSc courses in Finance and International Management. Support from Haryana and UGC CM Saini expressed his support for the initiative and reiterated the state's commitment to developing Gurugram as a hub for global education and innovation. "NEP 2020 positions India as a global hub for education, research, and innovation," he said, while Higher Education Secretary Vineet Joshi added, "I am confident that the University of Southampton, with its legacy of academic excellence, will offer quality education in critical areas like Computer Science, Economics, International Business, and Management, contributing to India's priorities in digital innovation and global leadership." Joshi also highlighted the UGC's streamlined process for enabling such partnerships and noted that the new campus would strengthen ties between Indian and global academic communities. Diverse student body and global faculty The first intake at the Indian campus includes high-performing students from across India and countries such as the UAE and Nepal. The university plans to recruit more than 75 full-time faculty members, all of whom will meet UK academic benchmarks and undergo the University's Postgraduate Certificate in Academic Practice. These educators bring experience from countries including the UK, UAE, Malaysia, Singapore, Australia, Germany, Japan, and the United States. The University of Southampton boasts a global alumni network of over 290,000, including more than 1,700 from India. Many alumni are expected to support the new campus by acting as mentors and industry liaisons.
Time of India
17 minutes ago
- Time of India
Hyd startups Veera Dynamics, Binford Labs co-develop India's first stealth drones for armed forces
HYDERABAD: Veera Dynamics, a Hyderabad-based defence tech startup that has developed a next-gen stealth material called RAMA (Radar Absorption & Multispectral Adaptive), has now teamed up with Hyderabad-based Binford Research Labs to develop India's first stealth drone. RAMA, which uses nanotechnology and can be applied as a paint or wrapping, works like Harry Potter's 'cloak of invisibility' to enhance the invisibility of military platforms like drones, manned aircraft, or naval vessels across radar and infrared spectrums to avoid detection by the enemy. It is made from a blend of two different carbon materials that enables it to absorb radar waves, converting them into heat, which is then dissipated at a rate of 1.5 degrees centigrade per second. This rapid heat dissipation, combined with the material's ability to adapt to ambient temperatures, helps the RAMA coated platform achieve thermal equilibrium, effectively reducing its radar cross-section and thermal signatures. Sai Teja Peddineni, CEO, Veera Dynamics, told TOI that the material's development was initially spurred by a problem statement from the Naval Innovation and Indigenisation Organisation (NIIO) in 2022, which wanted an infrared stealth solution. While it achieved a 97% IR signature reduction with RAMA, the project quickly evolved to address radar spectrum invisibility as well with an over 90% reduction in radar signature, he said. 'RAMA represents our vision of platform-wide invisibility. It's not just a material – it's a strategic capability for future warfare,' Peddineni added. The dual stealth drones being co-developed by the two Hyderabad startups have already been tested by the Indian armed forces during field trials post Operation Sindoor , B Sidhanth Jain, founder, Binford Research Labs, said. He said Binford is now integrating RAMA with its autonomous drones that can operate in RF- and GPS-denied environments. "Our drones, equipped with RAMA, can carry out covert, high-risk missions in contested zones, enhancing their survivability and mission adaptability as it significantly compresses the adversary's detect-to-engage window to near-zero," Jain added. Both the startups are funded by Union defence ministry's flagship iDEX (Innovations for Defence Excellence) programme, that is managed by the Defence Innovation Organisation (DIO) and were also initially supported by IIT-Hyderabad. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
NDTV
20 minutes ago
- NDTV
"India's Moonshot Moment": Shubhanshu Shukla's Mission Sparks Start-Up Surge In Space Sector
India's space ambitions received a major boost with the successful return of Group Captain Shubhanshu Shukla from his historic mission aboard the International Space Station (ISS). As the first Indian astronaut in decades to venture into space, Mr Shukla's journey has sparked widespread excitement across the country, particularly among the nation's burgeoning space start-up ecosystem. One of the most enthusiastic reactions came from Yashas Karanam, co-founder of Bellatrix Aerospace, a Bengaluru-based space start-up incubated at the Indian Institute of Science. Speaking to NDTV, Mr Karanam described the mission as "the Rakesh Sharma moment of our generation," referring to India's first astronaut who flew to space in 1984. He emphasised that the alignment of ISRO and the Indian government toward human spaceflight is opening up new opportunities for private companies to collaborate on missions like Artemis and other international ventures. "This is much more exciting than many recent Indian missions," said Mr Karanam. "It opens up hope that the government and ISRO are aligned towards human spaceflight. That means private companies like ours are looking forward to newer projects, especially those inclined towards crewed missions and international collaborations." The Gaganyaan mission, which aims to send Indian astronauts into space aboard an indigenous spacecraft, has already received Rs 33,000 crore in funding commitment by the government. Mr Karanam believes this strong financial backing is a signal to investors that India is serious about space exploration. "The more you see space in the headlines, the more it strikes investor interest," he said. "It's all interlinked - government investment, mission success, and investor confidence." Bellatrix Aerospace is already contributing to this vision with its development of a green propulsion system using Hydroxylammonium Nitrate (HAN). This alternative fuel could significantly extend the duration of crewed missions in space. "With HAN as fuel, astronauts could stay in space for years instead of just six months," Mr Karanam explained. "This kind of innovation is exactly what investors are looking for, especially now that India has proven its commitment to human spaceflight." The ripple effect of Mr Shukla's mission is being felt across the start-up landscape. Mr Karanam noted that dozens of Indian space start-ups are working on technologies such as capsule return systems, reusable heat shields, and life-support innovations. "All of them are looking at this as a great opportunity," he said. "It's an inflection point - a moonshot moment for India." As Mr Karanam put it, "despite Rakesh Sharma going to space decades ago, there were questions about whether India would reinvest in this sector. This mission is the answer. We are finally here -with momentum, policy support, and private industry opening up in a big way." With the new space policy in place and start-ups like Bellatrix Aerospace leading the charge, India is poised to become a global leader in space technology. "Indian space companies are going to dominate the space tech ecosystem globally," Mr Karanam declared. "Excited? Very much-200 percent." The return of Shubhanshu Shukla marks not just the end of a successful mission, but the beginning of a new era for India's space industry, one driven by innovation, collaboration, and a bold vision for the future.
