Stocks to Watch Today, July 24: Indian markets will track several stocks today as companies announce quarterly updates and key corporate developments. Infosys, InterGlobe Aviation, Meesho, Motilal Oswal Financial Services, IEX, Hindalco Industries, Coforge, Swiggy and other companies are likely to remain in focus following earnings performance, investment plans, strategic initiatives and business updates.
Here are the key stocks to watch today and the latest developments investors need to track.
Infosys
Profit and Revenue Surge
Infosys reported a 12.2 per cent rise in profit to Rs 7,769 crore from Rs 6,921 crore. Revenue increased 14 per cent to Rs 48,211 crore from Rs 42,279 crore.
InterGlobe Aviation (IndiGo)
Revenue Growth Despite Quarterly Loss
InterGlobe Aviation posted a loss of Rs 238 crore compared with a profit of Rs 2,176.3 crore. Revenue grew 19.9 per cent to Rs 24,584.1 crore from Rs 20,496.3 crore.
Meesho
Loss Narrows, Revenue Jumps
Meesho reduced its loss to Rs 132.8 crore from Rs 289.3 crore. Revenue surged 48.3 per cent to Rs 3,712.8 crore from Rs 2,503.9 crore.
Motilal Oswal Financial Services
Motilal Oswal Financial Services reported a 9.6 per cent increase in profit to Rs 1,273.1 crore from Rs 1,162.1 crore. Revenue surged 25.1 per cent to Rs 3,425.8 crore.
Orient Cement reported a 62.4 per cent fall in profit to Rs 77 crore from Rs 205 crore. Revenue declined 30.3 per cent to Rs 604 crore from Rs 866 crore.
Indian Energy Exchange (IEX)
Indian Energy Exchange posted an 11.7 per cent rise in consolidated net profit at Rs 134.8 crore in Q1 FY27. Revenue increased over 10 per cent to Rs 202.8 crore.
Ex Gratia Assistance Announced
Patel Engineering announced ex gratia assistance of Rs 5 lakh to the next of kin of each deceased in the blast incident at the Teesta Stage-VI hydro power plant.
Rs 50,000 Cr Investment Plan
Hindalco Industries will invest Rs 50,000 crore in India over three years across upstream and downstream businesses, while evaluating another Rs 50,000 crore growth opportunity pipeline.
Punjab National Bank (PNB)
Quantum Finance Innovation Hub
Punjab National Bank signed an agreement with the Karnataka government to establish a Quantum Finance Innovation Hub at the Quantum Computing Centre.
Coforge
Launches AI Operating System
Coforge announced the launch of Coforge Nuuron, an AI operating system designed to help enterprises industrialise AI-driven outcomes across their businesses.
Swiggy
Foreign Ownership Cap Approved
Swiggy’s board approved a proposal to cap aggregate foreign ownership at 49.5 per cent on a fully diluted basis to qualify as an Indian-owned-and-controlled firm.
Expansion and Bonus Issue
Aastha Spintex approved expansion into value-added textile products, including grey fabric, along with a bonus issue of shares.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
