News

This is a Mint Premium article gifted to you. Subscribe to enjoy similar stories.

Indian stock market benchmarks, Sensex and the Nifty 50, ended with decent gains on Tuesday with large financial stocks as the key support.

The Sensex closed with a gain of 270 points, or 0.32%, at 83,712.51, while the Nifty 50 rose 61 points, or 0.24%, to 25,522.50. The mid and small-cap segments underperformed. While the BSE Midcap index ended almost flat, the Smallcap index dropped 0.17%. 

Looking for stocks to buy today? Top market experts Ankush Bajaj, Raja Venkatraman, Trade Brains Portal, and MarketSmith share their best stock picks for 9 July.

Also Read: Lodha Developers pre-sales dull, but business development activity remains solid

Also Read: With ₹3.4 trillion already in, are DIIs the new market movers from here on?

In FY25, IRFC's net interest income grew by 2.2%, rising from ₹6,429 crore in FY24 to ₹6,569 crore. Its net interest margin also saw a modest improvement, reaching 1.42% compared to 1.38% the previous year. During the fiscal year, IRFC sanctioned loans amounting to ₹5,700 crore, which included ₹700 crore to NTPC and ₹5,000 crore to NTPC Renewable Energy Ltd. The company also signed a rupee term loan agreement worth ₹5,000 crore with NTPC REL and emerged as the L1 bidder for financing ₹3,167 crore toward the development of the Banhardih Coal Block in Jharkhand’s Latehar District.

The company was awarded Navratna status by the Department of Public Enterprises in FY25 and is aiming to achieve Maharatna status in the near future. The IRFC board also approved financing of up to ₹700 crore to NTPC on a finance lease basis for 20 BOBR rakes under Indian Railways’ General Purpose Wagon Investment Scheme (GPWIS). Additionally, a lease agreement for eight BOBR rakes valued at approximately ₹250 crore was signed with NTPC Ltd. in January 2025. IRFC has also entered into a Memorandum of Understanding with REMCL to jointly explore financing options for renewable energy projects for Indian Railways, including potential funding in nuclear, thermal, and renewable energy domains.

The company's operating revenue for FY25 was ₹81,612.78 crore, up 10.4% from FY24 ₹73,891.43 crore. Their net profit increased by 69%, from ₹20,751.36 crore in FY24 to ₹35,052.48 crore in FY25. The company's vertically integrated supply chain and strong network of 27,500 farmers spread across 1.4 lakh acres of certified organic land in 71 clusters across 10 states will provide it with a competitive edge. Additionally, ITC has acquired the Sresta Natural Bioproducts Private Limited brand 24 Mantra Organic, a leader in organic packaged foods with a portfolio that comprises over 100 organic products, for ₹400 crore on a cash-free, debt-free basis. 

Moreover, the company spent ₹50.6 crore to acquire Mother Sparsh Baby Care Private Limited, a business that provides upscale natural and ayurvedic baby care products. Additionally, ITC declared that it will buy ABREL's pulp and paper business, "Century Pulp and Paper," for a single sum payment of up to ₹3,500 crore on a debt-free, cash-free basis. The company has an installed capacity of 4.8 lakh MTPA.

Lemon Tree Hotels Ltd (current price: ₹ 146.79)

Why it’s recommended: Strong position in mid-market segment, institutional backing, more hotels coming up in tier-2 and tier-3 cities.

Key metrics: P/E: 45.06 | 52-week high: ₹ 162.40 | Volume: ₹ 219.99 crore

Technical analysis: Trending above all its key moving averages, bullish pattern breakout.

Risk factors: Economic and demand volatility, intense competition and concentration.

Buy at: ₹146.79

Target price: ₹165 in two to three months

Stop loss: ₹138

Ge Power India Ltd (current price: ₹325)

Why it’s recommended: The government push for clean energy transition, growing demand for flue gas desulfurization (FGD), focus on grid modernization, and electrification.

Key metrics: P/E: N/A | 52-week high: ₹646 | Volume: ₹33.69 crore.

Technical analysis: Downward sloping trendline breakout.

Risk factors: High dependence on thermal projects, limited presence in the renewable segment.

Buy at: ₹325

Target price: ₹385 in two to three months

Stop loss: ₹305

Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Pvt. Ltd, and its Sebi-registered research analyst registration number is INH000015729.

Raja Venkatraman is the co-founder of NeoTrader. His Sebi-registered research analyst registration no. is INH000016223.

MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. Its trade name is William O’Neil India Pvt. Ltd, and its Sebi registration number is INH000015543.

Investments in securities are subject to market risks. Read all the related documents carefully before investing.

Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.

Download the Mint app and read premium stories

Log in to our website to save your bookmarks. It'll just take a moment.

You are just one step away from creating your watchlist!

Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.

Your session has expired, please login again.

You are now subscribed to our newsletters. In case you can’t find any email from our side, please check the spam folder.

This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp