1. Amber Enterprises India:

This consumer electronics company rose 2.1% on July 16 after the government approved a new Rs 62,500 crore Mobile Phone Manufacturing Scheme. Amber is likely to benefit from the policy, which rewards companies that manufacture more smartphone components and source parts locally.

The government has also removed customs duty until March 2029 on key inputs used to manufacture display assemblies and wireless charging modules, lowering the cost of making these components.

In June, Amber set up partnerships to manufacture smartphones for Oppo, Realme and OnePlus in India. The company expects to manufacture about 20% of Oppo's India volumes by FY28. It plans to increase domestic value addition from 10-12% to 35-40% over the next six years by manufacturing more parts in India instead of just assembling smartphones.

Amber has also secured government approval for electronics component projects worth more than Rs 4,500 crore under the Electronics Components Manufacturing Scheme, making them eligible for government incentives. These include a Rs 3,200 crore investment through its joint venture, Ascent-K Circuit, to manufacture advanced circuit boards.

In FY26, revenue from Amber's electronics division jumped 49%, while operating profit surged 89%, driven by growth in its circuit board manufacturing and assembly business. Executive Chair & CEO Jasbir Singh said, “The electronics division is expected to grow by around 40% in FY27.” He expects the growth to be supported by the new projects and acquisitions that have expanded Amber's capabilities in printed circuit boards, industrial automation and power electronics.

BOB Capital Markets reiterated its 'Buy' rating on the stock with a higher target price of Rs 9,300. The brokerage expects the Oppo partnership to generate large production volumes while requiring relatively little investment. It also expects the new mobile manufacturing scheme to improve profitability as Amber expands local component manufacturing. 

2. Adani Energy Solutions (AESL):

The stock of this power & electric utilities company climbed to a new 52-week high of Rs 1,757.7 on July 17. The rally was sparked by Morgan Stanley raising its target price to Rs 1,943 while maintaining an 'Overweight' rating. The brokerage highlighted that the company is positioned to ride India's power demand wave, thanks to its foothold in power transmission, smart metering, and emerging data centre power solutions. The stock features on a screener of companies that have shown relative outperformance compared to the industry over the past month.

In June, AESL acquired a 100% stake in IntelliSmart Infrastructure for Rs 3,050 crore. IntelliSmart builds and runs smart meters for power distribution companies under long-term contracts. Analysts at Deven Choksey Research highlighted that prior to this deal, AESL held a smart meter order book of 2.5 crore meters, while IntelliSmart managed about 2.2 crore meters. Combining these two portfolios brings their total to over 4.7 crore smart meters, officially making AESL the largest smart metering platform in India.

This acquisition comes as India's smart meter market undergoes a government-backed upgrade cycle. Under the Revamped Distribution Sector Scheme (RDSS), the government aims to deploy 25 crore prepaid smart meters nationwide. With an estimated national investment exceeding Rs 1.5 lakh crore, this countrywide modernization initiative is unlocking a growth runway for AESL.

Propelled by the rapid smart meter rollout on the ground, AESL’s FY26 revenue grew 15.8% YoY to reach Rs 28,325.2 crore. The company’s management surpassed its original FY26 installation target of 70 lakh units by setting up 83 lakh smart meters. Looking ahead, they are aiming to install an additional 1 crore meters in FY27. Backed by rising power demand and supportive policies, Trendlyne’s Forecaster expects Q1FY27 revenue to jump 10.6% and net profit to rise 11.8%.

3. Nuvoco Vistas Corporation:

This cement producer surged 19.2% over two trading sessions after reporting strong Q1FY27 results on July 13. Revenue increased 9% YoY, while net profit grew 20% and beat Forecaster estimates. Higher cement prices, stronger sales in high-margin regions, and a better mix of premium products drove this growth.

On the profitability front, EBITDA came in 30% above ICICI Securities’ estimate as the company defended its margins, despite rising energy costs amid the US-Iran conflict. Nuvoco cut its petcoke, a fuel burned to generate the high heat needed to produce cement, usage by over a quarter to 27% sequentially. The company replaced this fuel with domestic coal and higher-quality limestone. These measures helped contain fuel costs within management’s guidance.

During the quarter, Nuvoco expanded in western India to reduce its reliance on eastern markets and create a diversified presence. The company commissioned its 2 million tonne per annum (MTPA) Surat plant in July, ahead of schedule, and is building a phased clinker and cement facility in Kutch. These projects open direct access to Gujarat and surrounding markets, freeing Nuvoco’s Rajasthan plants to target northern India. 

This broader geographic reach cushioned Nuvoco against regional price swings while supporting its goal to raise total capacity from 27 MTPA to 35 MTPA by FY28.

Logistics was a challenge during the quarter. Because railways prioritised coal deliveries to power plants, Nuvoco had fewer trains to transport its clinker, a key material used to make cement. The company was forced to use road transport, which pushed per-tonne freight costs up 9.3%. MD Jayakumar Krishnaswamy noted that these transport bottlenecks cost the company about 4% in potential sales volume. He added, “I’m looking at cement demand growth between 7% and 8% in the next three quarters.” Government infrastructure spending and housing activity are expected to support cement demand.

Post results, ICICI Securities maintained its 'Hold' rating. The brokerage remains concerned about Nuvoco's high debt and low return on equity. They noted that cement companies plan to add around 180 million tonnes of capacity through FY28. This will increase cement supply, making it harder for companies to raise prices and protect their profit margins.

4. Himadri Speciality Chemical:

This carbon materials manufacturer surged 14% over the past week after reporting Q1FY27 results and announcing Rs 368 crore of fresh capex into specialty materials. Revenue rose 28% YoY and net profit grew 27%, both comfortably beating Forecaster estimates, despite a 6% decline in sales volumes. MD & CEO Anurag Choudhary attributed the performance to “the continued shift in our product mix towards higher-value segments” as the company focuses on growing earnings faster than revenue.

Himadri is India's largest producer of coal tar pitch with over 65% market share in India. It currently has a coal tar distillation capacity of 6 lakh million tonnes per annum (MTPA) and a carbon black capacity of 2.5 lakh MTPA. Management has ruled out further capacity additions in pitch distillation. Instead, it plans to increase utilisation from about 80% to over 90% while converting more output into value-added products

The latest investments are aimed at moving higher up the value chain. Himadri will invest Rs 70 crore to set up India's first commercial carbon nanotube (CNT) plant, expected to be commissioned by Q4FY27. It is also investing Rs 170 crore to convert part of its existing carbon black produce into Super Speciality Carbon Black for high-performance applications such as batteries, electronics and engineering plastics. 

Beyond speciality chemicals, Himadri is expanding into battery materials. It commissioned a 200 MTPA anode materials facility in April and expects to commission a 2,000 MTPA LFP (Lithium Iron Phosphate) cathode materials plant by Q3FY27. The company has also increased its stake in International Battery Company and continues to back Sicona's silicon-carbon anode technology. With this, Choudhary aims to build “a fully integrated platform” across battery materials.

Choudhary expects the firm to deliver Rs 1,100 crore in profit by FY28, about 50% above FY26 levels. He expects this growth to come from speciality chemicals, the phased commissioning of new advanced materials projects and the gradual scale-up of its battery materials business.

5. LTM: 

This IT services stock surged 5.7% over the past week after reporting healthy Q1FY27 results on July 11. Revenue grew 2.8% QoQ, while net profit rose 5.3%, supported by lower depreciation costs and forex gains. Growth was led by the financial services and technology segments, with both revenue and profit meeting Forecaster estimates.

Demand for core modernisation, cloud and AI projects in the US helped the financial services business, which contributes over a third of revenue, return to growth. The technology segment also benefited from strong deal wins in AI, cloud and software engineering across North America, highlighting improving enterprise technology spending.

Not all businesses contributed equally. The manufacturing segment (19% of revenue) declined due to seasonal weakness, while the consumer business (20% of revenue) was weighed down by delays in an Indian tax project and supply chain disruptions in the Middle East. Management expects both headwinds to ease from the second quarter.

The company also sees a shift in enterprise AI spending. Management said the market has moved from "AI creation" to "AI deployment", with large-scale AI implementation becoming the next growth opportunity. Reflecting this trend, the company's AI business has reached a quarterly run rate of around $150 million.

MD & CEO Venu Lambu outlined a positive outlook for the year, saying, “We expect FY27 revenue growth to better the 6% delivered in FY26 after accelerating through 2Q and 2H.” Management also reiterated its goal of doubling revenue over the next five years, supported by the acquisition of European technology provider Randstad, expansion in Asia-Pacific, growth in AI-led projects and a recovery in discretionary technology spending.

Following the results, Motilal Oswal retained its 'Buy' rating and raised its target price to Rs 4,900. The brokerage expects LTIMindtree to deliver a 13% EPS CAGR over FY27-28, supported by improving deal wins, continued growth in AI spending and a gradual recovery in its largest financial services business.

Trendlyne's analysts identify stocks that are seeing interesting price movements, analyst calls, or new developments. These are not buy recommendations.