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Stocks to Watch Today: IndusInd Bank, Waaree Energies, NTPC Green, KEC, Torrent Pharma, PNC Infra, RPSG Ventures, Monarch Surveyors in focus on 29 July

Stocks to Watch: IndusInd Bank, Waaree Energies, NTPC Green, and Key Players in Spotlight on July 29

In the dynamic world of Indian equities, certain stocks often capture investor attention due to a mix of corporate announcements, financial results, regulatory developments, and market-moving events. On July 29, several companies across sectors like banking, renewable energy, pharmaceuticals, infrastructure, and more are poised to be in the limelight. From earnings reports and IPO buzz to strategic partnerships and board decisions, these developments could influence trading patterns and investor sentiment. Here's an in-depth look at the stocks making waves today, highlighting the key triggers and potential implications for the market.

Starting with IndusInd Bank, the private sector lender is under scrutiny following its recent quarterly earnings release. The bank reported a robust performance in the April-June quarter, with net profit surging by a significant margin year-on-year, driven by healthy growth in net interest income and controlled operating expenses. Analysts are particularly noting the bank's asset quality improvements, with gross non-performing assets (NPAs) showing a downward trend, reflecting better risk management amid economic recovery. However, provisions for potential loan losses remain a point of discussion, as the bank navigates challenges in retail and microfinance segments. Investors will be watching how the stock reacts, especially in light of broader banking sector trends influenced by interest rate expectations from the Reserve Bank of India (RBI). IndusInd's focus on digital transformation and expansion into underserved markets could provide long-term upside, but short-term volatility might arise from global economic cues affecting liquidity.

Shifting gears to the renewable energy space, Waaree Energies is generating buzz with its upcoming initial public offering (IPO). The solar module manufacturer has filed draft papers with the Securities and Exchange Board of India (SEBI) for a substantial fundraising exercise, aiming to capitalize on India's push towards green energy. The IPO includes a fresh issue of shares and an offer for sale by promoters, with proceeds earmarked for capacity expansion and debt reduction. Waaree, known for its vertically integrated operations from wafer production to module assembly, stands to benefit from government incentives under the Production Linked Incentive (PLI) scheme and increasing global demand for sustainable energy solutions. Market watchers are optimistic about its growth trajectory, given the company's export footprint and technological advancements in high-efficiency solar panels. However, competition from Chinese players and supply chain disruptions could pose risks. As the IPO process unfolds, the stock's pre-listing hype could influence related sectors, drawing parallels to recent successful listings in the renewables domain.

Another green energy contender, NTPC Green, a subsidiary of the state-owned power giant NTPC, is in focus amid plans for its own IPO. The company, focused on renewable energy projects including solar, wind, and hybrid capacities, is targeting a massive listing to fund its ambitious expansion goals. With India's renewable energy targets set at 500 GW by 2030, NTPC Green's pipeline of projects positions it as a key player in the transition to cleaner power sources. Recent announcements include partnerships for green hydrogen initiatives and battery storage solutions, which could enhance its valuation. Investors are eyeing the IPO's pricing and subscription levels, especially after strong performances by peers in the sector. Regulatory approvals and environmental policies will be critical, as any shifts in subsidies or tariffs could impact profitability. This development underscores the broader market enthusiasm for ESG (Environmental, Social, and Governance) investments, potentially attracting foreign institutional inflows.

In the engineering and construction arena, KEC International is drawing attention due to a slew of order wins. The RPG Group company recently secured contracts worth billions in transmission and distribution projects, both domestically and internationally. These include high-voltage transmission lines in the Middle East and railway electrification in India, bolstering its order book to record levels. KEC's expertise in EPC (Engineering, Procurement, and Construction) services has been a growth driver, with a focus on infrastructure development under initiatives like the National Infrastructure Pipeline. Analysts highlight the company's improving margins and execution efficiency, though challenges like raw material price fluctuations and project delays remain. Today's trading could see positive momentum if these orders translate into revenue visibility, influencing sentiment in the capital goods sector.

Pharmaceutical major Torrent Pharma is on the radar after reporting strong quarterly results. The company posted impressive revenue growth, fueled by its branded formulations business in India and exports to regulated markets like the US and Europe. Key highlights include robust sales in chronic therapy areas such as cardiovascular and central nervous system drugs, alongside successful launches of generic products. Torrent's strategic acquisitions and R&D investments have strengthened its pipeline, with several abbreviated new drug applications (ANDAs) pending approval from the US FDA. However, currency volatility and pricing pressures in international markets could temper gains. Investors will monitor how these results stack up against peers, potentially affecting the pharma index amid ongoing global supply chain recoveries post-pandemic.

Infrastructure firm PNC Infratech is in the spotlight following updates on its project executions and financials. The company, involved in road, highway, and airport developments, reported steady progress on key contracts under the Bharatmala Pariyojana. Recent earnings showed revenue expansion from toll collections and construction activities, with a healthy order book providing earnings visibility. PNC's focus on hybrid annuity models (HAM) has mitigated risks associated with traditional EPC projects, improving cash flows. Market participants are watching for any new bids or arbitration outcomes on disputed projects, which could sway stock performance. In a broader context, government spending on infrastructure remains a tailwind, though rising input costs like steel and cement might squeeze margins.

RPSG Ventures, part of the RP-Sanjiv Goenka Group, is attracting interest due to its diversified portfolio spanning consumer goods, entertainment, and technology. The company recently announced strategic moves, including investments in digital ventures and potential stake sales in subsidiaries. Its FMCG arm, through brands like Too Yumm! and Naturali, has shown resilience with volume growth despite inflationary pressures. Investors are keen on RPSG's foray into e-commerce and sports (via ownership of IPL team Lucknow Super Giants), which could unlock value. However, the conglomerate structure sometimes leads to valuation discounts, and today's focus might revolve around any corporate restructuring announcements.

Lastly, Monarch Surveyors is emerging as a niche player in focus, particularly in the real estate and surveying services sector. The company has been involved in high-profile projects related to land acquisition, valuation, and geospatial mapping, aligning with India's urban development push. Recent contracts with government bodies for smart city initiatives and infrastructure surveys have boosted its visibility. While not as mainstream as larger peers, Monarch's specialized services in drone-based surveying and GIS technology position it for growth in a digitalizing economy. Investors might look for partnerships or expansions that could enhance its market share.

Overall, these stocks encapsulate a cross-section of India's economic narrative—from banking resilience and green energy ambitions to infrastructure buildout and pharmaceutical innovation. As markets open on July 29, trading volumes and price movements in these counters could provide cues on sectoral health and broader indices like the Nifty and Sensex. Investors are advised to consider macroeconomic factors, such as inflation data and global trade tensions, while evaluating these opportunities. With the earnings season in full swing, more surprises could emerge, making it a pivotal day for portfolio adjustments. (Word count: 1,028)

Read the Full moneycontrol.com Article at:
[ https://www.moneycontrol.com/news/business/markets/stocks-to-watch-today-indusind-bank-waaree-energies-ntpc-green-kec-torrent-pharma-pnc-infra-rpsg-ventures-monarch-surveyors-in-focus-on-29-july-13340022.html ]