Today, we recommend two stocks, one from the engineering sector and another from the copper sector, recommended by the Trade Brains Portal, to buy for an upside potential of more than 27%. The engineering sector boosts the country’s infrastructure and industrial expansion, and it also supports India’s ambitious developmental goals.
The increasing need for copper, which is being driven by developments in renewable energy, electric vehicles (EVs), and infrastructure development, is causing major changes in India’s copper industry. We also analyzed the market’s performance on Monday to understand what may lie ahead for the stock indices in the coming days.
1. Thermax Ltd
- Current price: ₹ 3,717
- Target price: ₹ 4,225
- Upside: 14%
- Time frame: 12-14 Months
To view the report for the stock mentioned above or explore other stock recommendations, click here
Why it’s recommended
Established in 1966, Thermax Ltd. is a prominent Indian engineering firm offering energy and environmental solutions. In order to promote clean air, energy, and water, it provides integrated services in the areas of heating, cooling, power, water treatment, air pollution control, and speciality chemicals. With 34 foreign and 22 domestic offices, 14 manufacturing facilities (10 in India and 4 abroad), and more than 45 subsidiaries, Thermax has operations in more than 90 countries. With 7,854 personnel, its global service network covers Asia, Southeast Asia, the Middle East, Africa, Europe, and the Americas. The company’s overall order book, which has grown at a 15% CAGR over the last five years, is Rs 10,693 crore, up 6% YoY from Rs 10,111 crore in FY24.
In FY25, the company’s operational revenue was Rs 10,389 crore, an 11% increase over FY24’s Rs 9,323 crore. Over the past five years, it has grown at a CAGR of 17%. Over the previous five years, the profit after tax, which was Rs 627 crore, has increased steadily at a 25% CAGR. Additionally, during the last five years, international revenue has grown steadily at a 7% CAGR to reach Rs 2,324 crore. Furthermore, in FY25, the Chemical segment expanded by 15% YoY, Industrial Products increased by 12%, Industrial Infra by 6%, and Green Solutions by 36% in terms of segmental sales.
In FY26, EBITDA margins may surpass double digits, as per management projections. To meet the industrial and commercial flooring demands of India, the company formed a significant strategic alliance with Vebro Polymers, a company based in the United Kingdom. Additionally, the company partnered with a Latin American company, Oswaldo Cruz Quimica, to produce and distribute high-performance polymers and resins. Additionally, the business anticipates completing an FGD order of Rs 467 crore, of which Rs 350 crore is anticipated to be completed by FY26 and Rs 100 crore can be completed by FY27, as well as a Rs 315 crore order in Bio-CNG by Q3 FY26.
Risk factors
The company is vulnerable to the cyclicality of the capital goods and engineering industries because of a slowdown in general infrastructure spending. The company is also susceptible to changes in commodity prices as a result of its global exposure. Additionally, it has fierce rivalry in markets like packaged water treatment facilities and low-capacity boilers.
2. Hindustan Copper Ltd
- Current price: ₹ 248
- Target price: ₹ 315
- Upside: 27%
- Time frame: 16-24 Months
To view the report for the stock mentioned above or explore other stock recommendations, click here
Why it’s recommended
HCL, a Schedule A “Miniratna” Category-I Central Public Sector Enterprise (CPSE) that was incorporated in 1967, is administered by the Ministry of Mines. It is the only company in India that is actively mining copper ore, and it owns all of the country’s active mining leases. HCL is the only vertically integrated producer of refined copper in India, with 160.48 million tonnes of reserves of copper ore with an average grade of 1.32%. It also owns all of India’s existing mining leases for copper ore, giving it access to approximately 45% of the country’s reserves and resources, or 755.32 million tonnes of copper ore (as of April 1, 2024).
HCL has achieved its highest-ever operating revenue of Rs 2,070.97 crore, a robust 21% year-over-year (YoY) increase from Rs 1,717 crore in FY24. In contrast, FY25 saw a strong EBITDA margin of 38%, up 4 basis points from 34% the previous year. The company’s profit after taxes rose 57% from Rs 295.31 crore in FY24 to Rs 465.11 crore.
The highest amount of ore ever produced was 27.25 lakh tonnes from the Malanjkhand Mine. They achieved 97% of the annual target by processing 24.34 lakh tonnes of ore. The mining lease deal for Surda Copper Mine, Rakha Copper Mine, and Kendadih Copper Mine has been extended for an additional twenty years by HCL. By doing this, HCL hopes to raise the Surda mine’s mining capacity from 0.4 MTPA to 0.9 MTPA over the course of the following seven years.
With a planned capital expenditure of Rs 2,000 crore over the next five to six years and an expanded exploration budget, the company has added 123 million tonnes of copper ore reserves and resources in the last two years and will keep adding. By expanding into important minerals and rare earth elements in collaboration with other public sector organisations like Indian Oil Corporation Ltd.
And GAIL, HCL has been able to diversify its business risk across several in-demand minerals and lessen its reliance on a single commodity. Furthermore, HCL and Kutch Copper Limited have reached an agreement for the sale of 84,000 WMT +/- 10% copper concentrate from the Khetri Copper Complex (KCC) and Malanjkhand Copper Project (MCP).
Risk Factor
HCL is susceptible to social and environmental concerns because mining operations may negatively affect the local ecology and communities. To lessen the negative environmental impact, the company may be subject to stricter adherence to sustainable mining methods and more regulatory inspections. Such actions could result in fines or higher compliance costs. Project implementation schedules that raise project costs are a significant risk that mining operations commonly face.
Market Recap 28th July 2025
For the third straight trading session, the Nifty 50 kept falling. At 24,782, it opened lower than its previous close of 24,837, indicating a bearish start. It ended below the 20 and 50 day EMAs at 24,681 after reaching the day’s low of 24,646.6. The Nifty 50 was down -0.63%, or -156.1 points, at the close of the day. Following the same pattern, the BSE Sensex fell -0.70%, or -572.07 points, to close at 80,891.2. With a day’s low of 80,776.4, the index touched the 100-day EMA and is currently trading below the 20 and 50-day EMAs.
On Monday, the Nifty closed above the 100 and 200 EMAs, although the Nifty 50 RSI fell to 36.92. The BSE Sensex RSI also closed at 36.73, significantly below the 70-point overbought level. The market’s poor performance was caused by a number of factors, including the ongoing selling by foreign investors, the delayed US-India trade deal negotiations, and the market’s muted Q1 results. On Monday, the India VIX also jumped by 0.79 points, or 6.98%, to 12.06, indicating higher market volatility.
On Monday, every major index fell. Although the Nifty Pharma was still the largest gainer, it increased by 0.43%, or 98.45 points, to close at 22,761. Today, major stocks like Dr. Reddy’s, Cipla Ltd., Gland Pharma, and Laurus Labs Ltd. saw gains of up to 6%. Also, among the top gainers was the Nifty FMCG index, which finished the day up 153 points, or 0.28%, at 54,732. With gains of up to 2%, the best performers were Marico Ltd., Dabur India, Varun Beverages Ltd., and Hindustan Unilever Ltd.
One of the biggest losers was the Nifty Realty index, which fell -38.70 points, or -4.07%, to 911.90. Furthermore, it has been continuously falling below all of the 20/50/100/200-day EMAs for the last five trading sessions. Additionally, the RSI declined, reaching a 3-month low of 29.98. The index’s biggest laggards, Lodha Developers Ltd, Godrej Properties Ltd, DLF Ltd, and Oberoi Realty Ltd, saw Monday’s decline of more than 5%.
However, Asian markets showed a bullish trend on Monday. The Hang Seng index for Hong Kong ended the day at 25,518.00, up 129.65 points, or 0.51%. Furthermore, the Shanghai index of China closed at 3,597.94, up 4.28 points, or 0.12%. South Korea’s Kospi index ended the day up 13.47 points, or 0.42%, at 3,209.52. The Jakarta Composite of Indonesia ended the day up 71.27 points, or 0.94%, at 7,614.77 points. At 41,053.00, Japan’s Nikkei 225 closed lower by -403.23 points, or -0.98%. Dow Jones Futures also rose 38.37 points, or 0.09%, to 44,941.29 on Monday in the United States, at 4:53 PM.
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
About: Trade Brains Portal is a stock analysis platform. Its trade name is Dailyraven Technologies Private Limited, and its SEBI-registered research analyst registration number is INH000015729.
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.
