Stock Market Live Updates July 26, 2024: Stock to buy today: Hindustan Petroleum Corporation (₹374.40): BUY

The stock idea that we have for you today is Hindustan Petroleum Corporation (HPCL). The upmove in the stock is gaining momentum. The stock has surged over 5 per cent on Thursday breaking above a key resistance and has closed on a strong note. Check out the latest episode of bl.Today’s Pick to learn more.

Larsen & Toubro’s Q1-FY25 results were 3 per cent ahead of our estimates on both revenue and PAT. The company reported 15/15/12 per cent y-o-y growth in revenue/EBITDA/PAT on a consolidated basis. In a seasonally weak quarter, core E&C revenues and EBITDA also grew by 18/21 per cent y-o-y, with Core E&C margins improving by 10 bps to 7.6 per cent. Both Core E&C revenue and margin beat our estimates.

Suzlon Energy is a vertically integrated wind turbine manufacturer and O&M service provider with over 20.7GW of installed capacity across the globe.

Foreign portfolio investors (FPIs) have sold shares worth ₹10,710 crore in the cash market from the day the Budget was announced. This after purchasing shares for six straight sessions totalling over ₹18,000 crore.

The outlook for Hindustan Petroleum Corporation Ltd (HPCL) is bullish. The stock surged 5.8 per cent on Thursday and has closed on a strong note. This rise has taken the share price well above the key intermediate resistance at ₹366. This level of ₹366 will now act as a strong support.