Top Stocks to watch today: Adani Group, JSW Steel, Eicher Motors, IGL, IOC, Lupin and more

Indian markets are likely to track stock-specific action on Tuesday as several companies announced earnings, order wins, regulatory developments and strategic investments. Adani Group companies may remain in focus after a US court reportedly dismissed criminal charges against Gautam Adani and other executives with prejudice, while JSW Steel could see action after major block deals involving GQG Partners and SBI Mutual Fund.

Here are the key stocks to watch today:

Adani Group

Adani Group stocks will be in focus after reports suggested that a US court dismissed criminal charges against Gautam Adani and other Adani executives with prejudice, marking a major development for the conglomerate.

JSW Steel

JSW Steel will remain on investors’ radar after GQG Partners and SBI Mutual Fund emerged as buyers in block deals worth around ₹3,150 crore. GQG bought 1.5 crore shares worth ₹1,890 crore, while SBI Mutual Fund acquired 1 crore shares worth ₹1,260 crore.

Eicher Motors

Eicher Motors announced that Royal Enfield will invest ₹2,500 crore towards land acquisition for setting up a greenfield manufacturing facility in Andhra Pradesh.

Indraprastha Gas (IGL)

IGL reported Q4 earnings above estimates, aided by improving volumes. Overall volumes rose 2.8% quarter-on-quarter during the quarter.

Indian Oil Corporation (IOC)

IOC posted Q4 earnings largely above estimates. The company’s petrochemical EBIT stood at ₹1,209 crore compared to an EBIT loss of ₹361 crore in the previous quarter.

Lupin

Lupin received tentative approval from the US FDA for Revefenacin Inhalation Solution. The product has estimated annual sales of around $261 million in the US market.

Vascon Engineers

Vascon Engineering secured a work order worth ₹131.58 crore from Reliance Industries, boosting visibility on its order pipeline.

GNFC

GNFC reported an 88% jump in net profit, while EBITDA margin expanded sharply to 21.8% from 11.7% in the year-ago period.

DOMS Industries

DOMS Industries posted healthy quarterly numbers with revenue rising 18.7% YoY and EBITDA increasing 14.4% YoY.

GE Vernova T&D India

GE Vernova reported strong operational performance with EBITDA surging 76.5% YoY, while margin improved to 27.2% from 21.9%.

Puravankara

Puravankara returned to profitability during the quarter. EBITDA margin improved significantly to 20.3% from 5.7% in the corresponding quarter last year.

JK Paper

JK Paper reported a 27% rise in EBITDA, while margin improved to 14% from 13% YoY.

BLS E-Services

BLS E-Services posted 35.3% YoY revenue growth, while EBITDA rose 6.3% during the quarter.

Waaree Renewable Technologies

Waaree Renewable Technologies bagged a 350 MW / 1400 MWh EPC battery energy storage system (BESS) order.

Seamec

Seamec reported strong operational performance with EBITDA jumping 96.2% YoY. Margin improved to 48.6% from 40.6%.

Timken India

Timken India posted 14.5% YoY revenue growth, while EBITDA rose 11%.

Stocks under pressure

Astral

Astral reported Q4 results below estimates across key parameters, which may keep the stock under pressure.

Subros

Subros reported flat EBITDA growth, while EBITDA margin declined to 8.8% from 10.2% YoY.

Triveni Turbine

Triveni Turbine reported margin pressure despite earnings growth. EBITDA margin fell to 18.8% from 22.4%, while EBITDA rose 6.3% YoY.

Afcons Infrastructure

Afcons Infra reported a sharp decline in operational performance with EBITDA falling 85.4% YoY and margin shrinking to 1.6% from 9.1%.

OnMobile Global

OnMobile reported a net loss against profit in the year-ago quarter, while revenue declined 18.2% YoY.

SPARC

SPARC reported a wider EBITDA loss, while revenue excluding US FDA priority review voucher income declined 51% YoY.

Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Investors are advised to consult certified financial advisors before making any investment decisions.