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Stocks to Watch on 24 July 2019

24 July 2019

Wondering which are the prime stocks to watch in India? Does the stock market confuse you? Experts at CapitalVia have come up with the prime stocks to watch in India for 24th July 2019. These stocks should be monitored closely and have great potential earnings.

DHFL:

DHFL has cancelled the Employee Stock Appreciation Rights (ESAR) scheme and the rights granted under the plan with effect from March 20. DHFL has received investor proposals for buying stake in the debt-ridden housing finance company. It expects to obtain lenders’ approval on the final resolution plan by end of July.

Tvs Motor:

Overall realisation improved 7.8 percent (YoY) led by a rich product mix and multiple price hikes effected by the company to pass on the rise in raw material (RM) prices. Improvement in realisation helped the company post 7.2 percent YoY growth in its net revenue.

Larsen & Toubro

Engineering & infrastructure major Larsen & Toubro will declare its quarterly earnings on July 23. It is expected that company's standalone revenue will grow 10.2 percent, EBITDA to grow 13.5 percent with margin expansion.

HUL:

HUL is expected to post 9.7 percent YoY sales growth mainly driven by 6 percent volume growth across categories as its shift towards natural products and increasing premiumisation trend is yielding results, helping it to maintain the growth trajectory.

Vadilal Industries:

Rajesh Gandhi has resigned from the post of Chairman of the company w.e.f. July 22, 2019, appointed Vijay Shah as chairman.

Just Dial Q1:

Profit surges 48.8 percent to Rs 57.3 crore versus Rs 38.5 crore, revenue increases 13.6 percent to Rs 240.2 crore versus Rs 211.4 crore YoY.

RCom:

Lenders to Reliance Communications (RCom) have decided to send a demand notice to Ericsson, asking the Swedish telecom equipment maker to refund the Rs 580 crore that it received from the erstwhile Anil Ambaniowned telco under a Supreme Court directive, according to people directly aware of the matter.

Voltas:

The Tata group is looking at the possibility of hiving off the projects business of Voltas and merging it with infrastructure company Tata Projects.

Zee Entertainment Enterprises:

Analysts expect ZEEL to post net profit growth of around 12.2 per cent -17.6 per cent on Tuesday, on the back of modest growth in ad revenues for the broadcaster, and investors will focus on promoter stake sale, and cash generation in the company.

Kotak Mahindra Bank:

The bank reported a 33 per cent increase in net profit in the June quarter, paced by healthy loan growth and treasury gains that boosted other income. It predicted 20% growth in consumer loans despite mounting concerns over the rate of broader economic expansion.

These are the prime stocks to watch on 24th July 2019. Keep a close eye and follow them for good potential returns.

So, what are you waiting for? Keep a close eye on these stocks as they have good potential earnings. Like always, we request you to Invest Responsibly.

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