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Markets bounced back above 24,000, and fresh corporate announcements from Tata Power, Heritage Foods and OM Freight Forwarders could keep these three stocks firmly in the spotlight on Tuesday.
✨ Key Takeaways
The Indian stock market ended sharply higher on Monday, July 27, as benchmark indices rose nearly 1 per cent after a sharp fall in crude oil prices improved investor sentiment. The rally followed easing geopolitical tensions after the US and Iran paused strikes over the weekend, reducing concerns over potential disruptions to global oil supplies.
Lower crude oil prices are positive for India, the world's third-largest oil importer, as they help ease inflationary pressures, reduce the import bill and support overall economic growth.
The Nifty 50 climbed 234.65 points, or 0.99 per cent, to close at 24,002.10, reclaiming the 24,000 mark and snapping its five-day losing streak. The Sensex also ended firmly higher, rising 776.01 points, or 1.02 per cent, to settle at 76,835.78.
Also Read - Q1 FY27 Earnings Summary: Winners & Losers
Against this backdrop, the following stocks are likely to remain in focus during Tuesday's trading session.
Heritage Foods Ltd informed exchanges that it has completed the acquisition of an additional 20 per cent equity stake in Peanutbutter and Jelly Ltd (PBJL). The acquired shares were credited to the company's demat account on July 27, 2026.
Following the transaction, PBJL has become a 71 per cent subsidiary of Heritage Foods with effect from July 27, 2026. The higher stake is expected to strengthen the company's presence in the value-added food segment and expand its product portfolio.
OM Freight Forwarders Ltd announced the operationalisation of its new state-of-the-art warehouse facility as part of its long-term expansion strategy.
According to the company, the new facility will strengthen its integrated Logistics and warehousing capabilities while supporting the growing requirements of domestic and international customers. The expansion is also expected to improve operational efficiency, enhance customer service and support future business growth.
Tata Power Ltd reported a strong performance for the quarter ended June 30, 2026, with consolidated net profit rising 11 per cent year-on-year to Rs 1,401 crore.
The company reported EBITDA of Rs 4,249 crore, up 8 per cent from the year-ago period, while revenue increased 8 per cent to Rs 18,898 crore.
Tata Power also recorded its highest-ever quarterly capital expenditure of Rs 5,375 crore, reflecting continued investments across its generation, transmission, distribution and clean energy businesses.
Disclaimer: The article is for informational purposes only and not investment advice.