Stocks to watch, Medi Assist, IHCL, Ashoka Buildcon, Tilaknagar Industries, Hindalco Industries, Astral, Bata India, Sansera Engineering, Man Industries, Adani Defence and more, these are the stocks to watch for tomorrow.
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Medi Assist | Promoter entity Bessemer India is likely to sell up to 4% stake in insurance-tech company through block deals, sources privy to the developments told CNBC-TV18. The offer size is estimated at ₹560 crore, with a floor price set at ₹507 per share, the sources added. The floor price represents a discount of 4% to the company’s current market price, they said.
IHCL | Tata Group hospitality firm announced that its board of directors and a duly constituted committee have approved the acquisition of controlling stakes in two hospitality firms — ANK Hotels Private Limited and Pride Hospitality Private Limited — for a combined amount of up to ₹204 crore. IHCL has executed a share subscription and purchase agreement and a shareholders’ agreement to acquire around 51% equity stake in ANK Hotels Private Limited for an amount not exceeding ₹110 crore.
Ashoka Buildcon | The company posted a consolidated net profit of ₹217.3 crore for Q1FY26, marking a 44.6% increase from ₹150.3 crore in the same quarter last year, aided by improved margins. Revenue, however, fell 23.5% year-on-year to ₹1,887 crore from ₹2,465 crore in Q1FY25, reflecting a slowdown in project execution and billing. Despite the revenue decline, operating profitability held steady, with EBITDA remaining flat at ₹599 crore.
Tilaknagar Industries | Indian-Made Foreign Liquor (IMFL) manufacturer reported a 121.25% jump in net profit at ₹88.5 crore for the first quarter of FY26. This is against a net profit of ₹40 crore in the year-ago period. Revenue from operations jumped 30.7% to ₹409 crore from ₹313 crore year-on-year. At the operating level, EBITDA zoomed 89% to ₹94.5 crore in the first quarter over ₹50 crore last year. The EBITDA margin widened 700 bps to 23.1% compared to 16% in Q1FY25.
Hindalco Industries | US-based Novelis Inc reported a 36% year-on-year decline in net income attributable to its common shareholders to $96 million for the first quarter of fiscal year 2026. Excluding special items, net income dropped 43% to $116 million. Adjusted EBITDA fell 17% to $416 million, while adjusted EBITDA per tonne decreased 18% to $432. Net sales for the quarter ended June 30, 2025, rose 13% to $4.7 billion, driven by higher average aluminium prices and a 1% increase in total rolled product shipments to 963 kilotonnes.
Astral | PVC pipes and plastic products maker reported a 32.7% year-on-year (YoY) decline in net profit at ₹81 crore for the first quarter that ended June 30, 2025. In the corresponding quarter of the previous fiscal, Astral posted a net profit of ₹120 crore. The company’s revenue from operations dipped 1.6% to ₹1,361.2 crore as against ₹1,383.6 crore in the corresponding period of the preceding fiscal.
Bata India | The company posted a consolidated net profit of ₹52 crore for Q1FY26, marking a steep 70.1% decline from ₹174 crore in the year-ago quarter, as muted consumer sentiment and weather-related disruptions weighed on sales. Revenue remained broadly flat at ₹941.8 crore versus ₹944.6 crore a year earlier. EBITDA rose 7.6% year-on-year to ₹198.8 crore, with operating margins improving to 21.1% from 19.5% on the back of disciplined cost management and operational efficiencies.
Sansera Engineering | The company reported a consolidated net profit of ₹62.2 crore for the quarter ended June 2025, marking a 25.5% year-on-year increase from ₹49.6 crore in the same period last year. The improvement in profitability came on the back of steady demand and operational efficiency, even as revenue growth remained modest. Revenue from operations in Q1 FY26 rose 3% to ₹766 crore compared with ₹744 crore in Q1FY25.
Man Industries | Steel pipes maker reported a 45.2% year-on-year (YoY) surge in net profit at ₹27.6 crore for the first quarter over ₹19 crore in Q1FY25. Revenue from operations was almost down 0.9% at ₹742.1 crore against ₹749 crore last year. At the operating level, EBITDA surged 28.2% to ₹49.4 crore in the April-July quarter over ₹38.5 crore YoY. The EBITDA margin improved to 6.6% versus 5.1% in the corresponding period in the previous fiscal.
Adani Defence | The company, in partnership with Prime Aero, has signed a definitive agreement to acquire a 100% stake in Indamer Technics Private Limited (ITPL), one of India’s leading private-sector aircraft maintenance, repair and overhaul (MRO) companies. The acquisition will be executed through Horizon Aero Solutions Limited, a 50:50 joint venture between Adani Defence & Aerospace and Prime Aero, owned by Prajay Patel, Director of Indamer Technics.
First Published: Aug 11, 2025 10:26 PM IST