Stocks to Watch on Tuesday
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After the Nifty hit a five-month high, Artemis Medicare, Torrent Power and Praj Industries could remain in the spotlight as investors track expansion plans, earnings and a major data centre order.
✨ Key Takeaways
Indian equity benchmarks ended sharply higher on Monday, with the Nifty 50 and Sensex closing at their highest levels in five months. The rally was supported by a sharp decline in Brent crude oil prices, encouraging corporate earnings, resilient monthly automobile sales and strong buying in information technology stocks.
The Nifty 50 ended the session at 24,774.30, up 390.70 points, or 1.6 per cent. The benchmark has now advanced for four consecutive trading sessions and recorded its biggest single-day gain in seven weeks. The Sensex rose 544.39 points, or 0.70 per cent, to settle at 78,639.03.
Against this backdrop, here are three stocks that are likely to remain in focus during Tuesday's trading session.
Artemis Medicare announced plans to expand capacity at its flagship hospital in Gurugram. The company's Board of Directors approved the addition of more than 200 beds at its Sector-51, Gurugram hospital.
According to the company, the project will cater to rising demand for specialised paediatric care, including neonatal and paediatric intensive care, paediatric super-speciality treatment, paediatric surgery and emergency services. The expansion will also enhance its capabilities in high-risk pregnancies, maternal-foetal medicine, genetics, reproductive medicine, gynaecologic oncology, urogynecology and comprehensive women's wellness services.
The proposed capacity addition is expected to be completed over the next two years and will require an investment of around Rs 160 crore to Rs 180 crore. The project will be funded through a mix of internal accruals and debt.
Torrent Power reported its financial results for the quarter ended June 30, 2026.
Revenue from operations increased to Rs 8,124 crore during the June quarter from Rs 7,906 crore in the corresponding quarter last year. EBITDA rose to Rs 1,619 crore from Rs 1,588 crore in the year-ago period. However, total comprehensive income declined to Rs 639 crore compared with Rs 739 crore reported in the corresponding quarter of the previous financial year.
Praj Industries’ wholly owned subsidiary, Praj GenX Ltd, entered the fast-growing data centre manufacturing segment.
The subsidiary signed an exclusive framework supply agreement with a leading global engineering, procurement and Construction company to manufacture and supply precision fabrication components and modules for hyperscale data centre infrastructure projects.
Under the agreement, Praj GenX will act as the preferred supplier for identified product categories to be deployed across hyperscale data centre projects executed by the EPC company. The agreement includes a minimum committed business value of USD 52 million, or around Rs 500 crore. Supplies will be executed in multiple tranches over the next two-and-a-half years. The development marks Praj GenX's entry into the data centre infrastructure business, a segment expected to witness strong growth amid rising investments in digital infrastructure.
Disclaimer: The article is for informational purposes only and not investment advice.