Stocks to watch on July 26: Cupid, Mankind Pharma, Cyient, Tech Mahindra, Cipla, IndusInd Bank, and more

Tech Mahindra: IT services firm Tech Mahindra on Thursday reported a 23% jump in its consolidated net profit to ₹851 crore for the June 2024 quarter. The Mahindra Group company had posted a net profit of ₹692.5 crore in the year-ago period.

Mankind Pharma: Mankind Pharma on Thursday said it will fully acquire Bharat Serums and Vaccines from Advent International for around ₹13,630 crore.

Earnings today: InterGlobe Aviation, IndusInd Bank, Bandhan Bank, Amber Enterprises, Cipla, Sanofi, and Shriram Finance, among others, are slated to declare their June quarter results today.

DLF: Realty major DLF Ltd. reported on Thursday a 23% increase in its consolidated profit to ₹645.61 crore in the first quarter of this fiscal and clocked record sales of properties of ₹6,404 crore during the quarter on strong housing demand. Its net profit stood at ₹ 527 crore in the year-ago period.

PNB Housing: PNB Housing Finance on Thursday reported a 25% improvement in its net profit to ₹433 crore for the first quarter ended June 2024. The housing finance company had posted a net profit of ₹347 crore in the same quarter a year earlier. Total income during the quarter rose to ₹1,832 crore from ₹1,708 crore in the same quarter of the previous fiscal, PNB Housing Finance said in a regulatory filing.

AU Small Finance Bank: AU Small Finance Bank on Thursday reported a 30% jump in its net profit to ₹502 crore for the first quarter ended June 30. The Jaipur-based lender had earned a net profit of ₹387 crore in the year-ago period. During the quarter, the bank's total income increased to ₹4,315 crore against ₹2,773 crore a year ago, Au Small Finance Bank said in a regulatory filing.

Tata Motors: Shares of the company are expected to remain in focus today. The auto major's market capitalisation (mcap) on Thursday crossed the ₹ 4 lakh crore mark for the first time.

MGL: Mahanagar Gas, as per news reports, has reported a 7.4% rise in its net profit to ₹285 crore versus ₹265 crore reported in the year-ago period. Revenue increased 1.5% to ₹ 1,590 crore from ₹1,567 crore in the corresponding quarter of the previous fiscal.

Texmaco Rail: Texmaco Rail & Engineering Ltd (Texmaco) on Thursday said it has acquired 100% shareholding in Jindal Rail Infrastructure Limited for a consideration of around ₹615 crore.

Cyient: Cyient reported a drop in first-quarter profit on Thursday, hurt by greater than expected delays in project execution. The company reported a consolidated profit of ₹144 crore ($17.2 million) in the quarter ended June 30, down 14.4% from last year.

UBL: Beer maker United Breweries Ltd., controlled by Dutch multinational brewing company Heineken NV, on Thursday reported a 27.47% rise in consolidated net profit to ₹173.80 crore for the first quarter ended on June 30. The company had posted a net profit of ₹ 136.34 crore in the April-June quarter a year ago. UBL's revenue from operations rose 10.83% to ₹5,811.28 crore during the quarter under review. It was ₹5,243.01 crore in the corresponding quarter a year ago.

VST Industries: The company has announced it will issue 10 bonus shares for every share held by shareholders as on the record date after its first quarter results.

Cupid: Cupid Limited, one of the leading names in the contraceptive and personal wellness industry, on Thursday announced its enhanced e-commerce presence on India's premier online marketplaces, including Amazon.in, Flipkart, and 1mg.