Stocks to watch today: HCL Tech, JFS, Avenue Supermarts, HDFC Life, IREDA & more

The domestic equities market is expected to see a muted start to trading on Monday, July 15, as indicated by GIFT Nifty. At 07:36 AM, the GIFT Nifty futures traded 0.01% lower at 24,600 levels.

Here is a list of stocks that may trade actively in today’s session:

• HCL Technologies: The Tier-1 IT services company’s shares will react to the company’s Q1 earnings that were released post market hours on Friday. HCL Tech reported a 20% YoY jump in net profit of Q1FY25 at ₹4,250 crore vs ₹3,531 crore in Q1FY24. The total revenue for the quarter also increased by 6.7% YoY at ₹28,057 crore. The company also announced a dividend of ₹12 a piece and fixed record date as July 23 for the same.
• Avenue Supermarts, the owner and operator of the retail chain D-Mart on Saturday reported an increase of 17.45% in consolidated net profit at ₹774 crore for the June quarter (Q1), helped by improvement in sales from general merchandise and apparel.
• Earnings today: More than 30 companies are slated to release their June quarter results today. The list includes prominent names such as HDFC Life, HDFC AMC, Jio Financial Services, DEN Networks and Bank of Maharashtra.
• Aurobindo Pharma: The company, in its filing to the BSE on Sunday, July 14, said that its board of directors will meet on July 18 to consider the proposal for a share buyback.
• Lupin: The pharma company has received an Establishment Inspection Report (EIR) from the USFDA for its Dabhasa (Gujarat) facility.
• Jio Financial Services (JFS): The financial arm of Reliance Industries (RIL), the oil-to-telecom conglomerate, is also slated to announce its June quarter results today. The stock, which was listed last year, has rallied around 50% on a YTD basis.
• IREDA: Indian Renewable Energy Development Agency (IREDA) on Friday reported over 30% growth in its net profit to ₹383.69 crore for the June quarter, mainly on the back of higher revenues. The revenue from operations increased to ₹1,510.71 crore in the quarter, as compared to ₹1,143.50 crore in the year-ago quarter.