Stocks to watch: Shares of SJVN, Tech Mahindra, DLF, Mankind Pharma, IndiGo, and Cipla in focus

On Friday, 26 July, around 9 am, the GIFT Nifty index saw a modest increase of 14.5 points, or 0.06 per cent, reaching 24,470, suggesting a flat start for Dalal Street. The India VIX, a measure of market volatility, rose by 7.27 per cent to 12.62 points.

Ahead of the market opening, here are some stocks to watch:

SJVN: The company has received a Letter of Intent from the Government of Mizoram for the Darzo Lui pumped storage project. The project, expected to produce 2,400 MW of electricity, is estimated to cost approximately 13,947.50 crore rupees.

Mankind Pharma: The Board of Directors has approved the acquisition of Bharat Serums and Vaccines Limited (BSV), a speciality pharma platform in women’s health and critical care. The transaction is valued at 13,630 crore rupees and is anticipated to close within the next 3-4 months.

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DLF: The company reported a 22.5 per cent increase in profit to 644.7 crore rupees compared to 526.1 crore rupees. However, revenue declined by 4.3 per cent to 1,362.4 crore rupees from 1,423.2 crore rupees. Other income surged to 367.5 crore rupees from 98.5 crore rupees.

Tech Mahindra: For the first quarter, the company’s consolidated profit grew by 28.8 per cent to 851.5 crore rupees from 661 crore rupees. Revenue saw a 1 per cent increase to 13,005.5 crore rupees from 12,871.3 crore rupees, while EBIT jumped 16.5 per cent to 1,102.3 crore rupees from 946.4 crore rupees.

Cipla, IndusInd Bank, and Interglobe Aviation (IndiGo): These major firms are among those scheduled to report their first-quarter earnings on Thursday, drawing significant investor interest.