Stocks to Watch: 10 Stocks Including L&T Technology Services, Tata Elxsi, Hero MotoCorp in Focus on Wednesday

Indian equity markets are likely to witness stock-specific movements on Thursday as several companies announced their Quarterly Results, investments, regulatory approvals, business partnerships and other corporate developments. These updates could influence investor sentiment and impact trading activity across individual stocks.

L&T Technology Services Reports Strong Q1 Performance

Shares of L&T Technology Services (LTTS) will remain in focus after the company reported strong financial performance for the June quarter. The company recorded an 11.5 per cent rise in revenue to Rs 2,940.1 crore, while consolidated net profit increased 13 per cent to Rs 356.6 crore compared with Rs 315.7 crore in the same period.

The company's EBIT jumped 28.1 per cent to Rs 461.3 crore, with EBIT margin improving by 200 basis points to 15.7 per cent. Dollar revenue also increased marginally to USD 309.9 million during the quarter.

Tata Elxsi Posts Double-Digit Growth

Tata Elxsi is expected to remain in focus after delivering strong quarterly numbers. The company reported an 18.2 per cent increase in profit after Tax (PAT) to Rs 170.6 crore, while revenue grew 14.5 per cent to Rs 1,021.1 crore in the June quarter.

The strong operational performance and double-digit growth across key financial parameters could support investor interest in the stock.

Anand Rathi Reports Mixed Quarterly Performance

Anand Rathi Share & Stock Brokers reported a mixed set of quarterly results. The company's net profit increased 2.3 per cent to Rs 23.4 crore, while net interest income surged 47.6 per cent to Rs 68.4 crore, indicating healthy growth in advances.

However, the company reported an exceptional loss of Rs 20.9 crore during the quarter, which impacted overall performance.

Hero MotoCorp Increases Investment in Ather Energy

Hero MotoCorp's board has approved an investment of up to Rs 1,000 crore in electric vehicle maker Ather Energy. Before this investment, Hero MotoCorp held a 29.48 per cent stake in the company.

The investment highlights Hero MotoCorp's continued focus on strengthening its presence in the electric mobility segment.

Belrise Industries Launches QIP Issue

Belrise Industries has initiated its qualified institutional placement (QIP) issue with a floor price of Rs 230.79 per equity share. The company may offer an institutional discount of up to 5 per cent on the floor price, making the fundraising activity an important development for investors.

PDS and Kirloskar Brothers Announce Key Business Updates

PDS announced a strategic collaboration between its manufacturing arm and Indonesia-based Busana Apparel Group. The partnership aims to strengthen the company's global manufacturing ecosystem and expand production capabilities.

Meanwhile, Kirloskar Brothers secured a major order worth GBP 11.7 million (around Rs 149.59 crore) from Saipem Offshore Construction SPA through its U.K.-based subsidiary SPP Pumps Ltd. The order includes the supply of vertical pumps and spare parts.

Delhivery, Easy Trip Planners and IOL Chemicals in Focus

Delhivery received approval from the Reserve Bank of India (RBI) for its wholly owned subsidiary, Delhivery Financial Services, to operate as an NBFC-ND Type II. The approval could help the company expand into financial services in the future.

Easy Trip Planners signed a Memorandum of Understanding (MoU) with the tourism department of Jharkhand to promote tourism in the state through digital platforms and increase tourist visibility.

IOL Chemicals & Pharmaceuticals received approval from China's National Medical Products Administration (NMPA) for its Clopidogrel Bisulfate API. The approval is expected to improve the company's access to the Chinese pharmaceutical market.

Jain Resource Recycling, Jammu & Kashmir Bank Also on Radar

Jain Resource Recycling informed exchanges about an explosion at its manufacturing facility in Tamil Nadu, which resulted in one fatality and injuries to others. The incident may impact investor sentiment towards the stock.

Jammu & Kashmir Bank announced plans to sell a 0.50 per cent stake in PNB MetLife India Insurance Company to MetLife International Holdings for Rs 120.1 crore. The transaction will help the bank monetise its investment.

Disclaimer: The article is for informational purposes only and not investment advice.