Stocks to Watch, July 24: BEML, Infosys, Nestle India, Mphasis, Trident, Tilaknagar Industries, IEX, Cyient, and more
As Indian markets open on Thursday, July 24, the domestic sentiment remains cautiously optimistic, supported by positive earnings momentum and corporate developments. GIFT NIFTY futures suggest a soft start with the NIFTY50 index projected to open 45 points lower. However, strong Q1 earnings and strategic updates from major companies could keep investor interest alive.
Here's a detailed look at key stocks to watch today:
Infosys
Infosys, India’s second-largest IT services firm, reported a consolidated net profit of ₹6,921 crore in Q1 FY26, marking a 9% YoY rise from ₹6,368 crore. However, profit slipped 1.59% sequentially from ₹7,033 crore. This mixed bag of results may influence short-term investor sentiment. Nonetheless, the company remains a heavyweight in the tech space and will stay in focus.
Tata Consumer Products
The FMCG giant posted a 15% YoY increase in net profit to ₹334 crore, with revenues growing 10% to ₹4,779 crore for the April–June quarter. The performance signals strong consumer demand and efficient cost management, keeping the stock on investors' radar.
Tilaknagar Industries
In a major strategic move, Tilaknagar Industries announced the acquisition of Imperial Blue whisky business from Pernod Ricard for €412.6 million (~₹4,150 crore). This acquisition could dramatically scale its market share in the liquor segment, making it a stock to watch closely.
IndusInd Bank
Despite a challenging quarter with a net loss of ₹2,328.9 crore due to accounting lapses and microfinance fraud, shareholders have greenlit a ₹30,000 crore capital raise plan through equity and debt. Additionally, promoters have been permitted to appoint two board directors. The bank’s turnaround strategy and promoter support are critical factors going forward.
Inox Wind
Inox Wind's board has approved a rights issue worth ₹1,249.33 crore to strengthen its capital and fund expansion. Shares will be issued at ₹120 apiece, a 27% discount to the last close. The issue opens on August 6, and investors may track this development closely as it could enhance the company's long-term financial stability.
Borosil Renewables
The company reported a widened loss of ₹272.34 crore, attributed to a one-time exceptional provision of ₹325.90 crore. However, total income surged to ₹337.78 crore from ₹244.39 crore YoY, showing operational growth despite setbacks. Investors may watch for recovery and long-term growth cues.
BEML
State-run BEML secured a ₹294 crore order from the Ministry of Defence for 150 High Mobility Vehicles (HMVs). These vehicles will be produced primarily at the Palakkad and Mysore plants. This order strengthens BEML’s position in the defence manufacturing sector.
Force Motors
The auto manufacturer reported a 53% rise in consolidated net profit to ₹278 crore, backed by strong domestic demand. Revenue grew from ₹1,885 crore to ₹2,297 crore YoY. Continued focus on operational efficiency and market expansion keeps the outlook positive.
Dr. Reddy’s Laboratories
The pharma giant posted a 1.85% YoY rise in net profit to ₹1,417.8 crore, with a revenue surge of 11.37% to ₹7,672.7 crore. With consistent growth in key markets and robust product pipeline, Dr. Reddy’s remains a defensive bet in volatile markets.
Earnings to Watch Today
As many as 63 companies are scheduled to release Q1 FY26 earnings today, including:
Nestle India
Cyient
IEX
LT Foods
Mphasis
Bajaj Finance
SBI Life
Trident
V-Mart Retail
These reports are expected to provide further cues for sectoral movements and overall market direction.
Conclusion
July 24 could turn out to be an eventful trading day with market movements largely dictated by earnings updates and corporate actions. While broader indices may start cautiously, stock-specific action is likely to dominate, particularly in the IT, FMCG, auto, pharma, banking, and renewables sectors.
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