Top Stocks to Watch on July 26: Chennai Petroleum Corporation, JM Financial, UBL, Canara Bank, Tech M, Indus Towers, Sobha, Mankind Pharma

Top Stocks to Watch on July 26

Top Stocks to Watch on July 26: In the stock markets, several stocks trade in green color while others are trading in red but still giving high returns.

On Friday, July 26 the stock market will remain unstable and unpredictable, however, investors are advised to do their analysis properly and then invest in stocks.

Meanwhile, let’s take a look at the best stock to watch today that can give you higher gains.

Chennai Petroleum Corporation

Chennai Petroleum Corporation in the first quarter recorded a 38% year-on-year decrease of Rs 342.6 crore in net profit.

However, in the same quarter, the company made around Rs 548.32 crore in net profit but the company's income dropped by 3.5% to ₹17,095 crore from ₹17,720.2 crore last time.

JM Financial

The financial service company in the first quarter recorded a drop of 6.2% year-on-year and ended on June 30 at a net profit of Rs 60.4 crore.

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United Breweries Limited

The Beer-making company in the first quarter reported a 27.47% year-on-year rise in the net profit to Rs 173.80 crore on Thursday.

The company revenue also recorded an increase of 10.83% to Rs 5,811.28 crore, a slight increase compared to last year's net profit of Rs 5,243.01 crore.

Canara Bank

The Bank in the first quarter reported a 10.5% year-over-year rise in the net profit to Rs 3,905 crore because of income other than interest. In the first quarter of FY24, the bank made a net profit of Rs 3,535 crore and the net profit has by 3.94 % from Rs 3,757 crore that ended on March 2024.

Tech Mahindra

The tech company in the first quarter of FY25 its net profit recorded an increase of 23% year-over-year and made a net profit of Rs 851 crore.

Last year the company made a net profit of Rs 692.5 crore. However, Tech Mahindra's revenues dropped by 1.2% to ₹13,005 crore.

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Indus Towers

On July 30, the company board of directors will hold a meeting to consider a plan to buy back fully paid-up stock shares.

Mankind Pharma

According to a report from CNBC-TV18, the Pharmaceutical company is expected to buy Advent International's entire share in Bharat Serums and Vaccines Ltd (BSV) ) for about ₹13,630 crore.

Sobha

The Anamudi Real Estates LLP is expected to 5% of its stock in Sobha through a block deal for a amount of around $100 million. The Anamudi Real Estates LLP owns 9.9 percent of Sobha.

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