Stocks to Watch Tomorrow

Stocks to Watch Tomorrow

Three companies announced key earnings and business updates after market hours, making JBM Auto, Swiggy and Garden Reach Shipbuilders stocks to watch in Friday's trading session.

Key Takeaways

The Indian stock market ended higher on Thursday, July 30, with the benchmark indices extending their gains after the US Federal Reserve kept its benchmark interest rates unchanged, in line with market expectations. However, the central Bank's continued focus on containing inflation kept global investors cautious, leading to a volatile session before late buying lifted domestic equities.

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The Nifty 50 gained 66.95 points, or 0.28 per cent, to settle at 24,317.15, closing above the 24,300 mark. The Sensex advanced 273.55 points, or 0.35 per cent, to end at 77,928.15.

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Against this backdrop, the following stocks are likely to remain in focus during Friday's trading session.

1. JBM Auto Ltd

JBM Auto Ltd reported a 15.96 per cent year-on-year rise in consolidated net profit for the quarter ended June 30, 2026. Net profit increased to Rs 42.43 crore from Rs 36.59 crore in the corresponding quarter last year.

Revenue, including other operating income, rose 15.04 per cent to Rs 1,442.45 crore compared with Rs 1,253.88 crore in the year-ago period. EBITDA increased 8.48 per cent to Rs 194.88 crore from Rs 179.65 crore a year earlier. Earnings per share (EPS) stood at Rs 1.78 for the quarter, compared with Rs 1.56 in Q1 FY26.

2. Swiggy Ltd

Swiggy Ltd reported a 34 per cent year-on-year increase in overall revenue to Rs 7,112 crore during the June quarter, supported by steady growth across its food delivery and quick commerce businesses. The company's food delivery gross order value (GOV) increased 17.4 per cent to Rs 9,490 crore. Adjusted EBITDA from the segment improved by Rs 100 crore year-on-year to Rs 292 crore.

Its quick commerce business, Instamart, reported a 39.8 per cent increase in GOV to Rs 7,907 crore. The business achieved contribution break-even in May 2026, with the contribution margin improving by 440 basis points year-on-year to negative 0.2 per cent. Adjusted EBITDA losses also narrowed by Rs 80 crore sequentially.

Meanwhile, Swiggy's dining-out platform, Toing, expanded its presence to 50 cities, with two out of every three new users joining the platform for the first time or returning after a period of inactivity.

3. Garden Reach Shipbuilders & Engineers Ltd

Garden Reach Shipbuilders & Engineers Ltd (GRSE) said it has received a Notification of Award (NOA) from Oil and Natural Gas Corporation Ltd (ONGC) for the Construction of four platform supply vessels. The contract, awarded on July 30, 2026, is valued at Rs 1,032.07 crore. The project is scheduled to be completed within 48 months from the date of the award.

The order is expected to strengthen the company's Order Book and reinforces its position in the domestic shipbuilding and Defence manufacturing space.

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