Top stocks to watch today, July 24: Infosys, Tata Consumer Products, Coforge, Persistent Systems, BEML and more
Infosys: The company reported a stronger-than-expected Q1 performance and raised its constant currency revenue growth guidance for FY26 to 1–3%, up from the earlier 0–3% range.
Tata Consumer Products: Q1 earnings came largely in line with estimates. While gross margins saw pressure, operational efficiencies helped contain the decline.
Coforge: Posted an 8% constant currency revenue growth for Q1, ahead of the estimated 6.5–7%. Overall results aligned with street expectations.
Persistent Systems: EBIT margin stood at 15.5%, in line with forecasts. Total contract value (TCV) rose 2% on a sequential basis.
IndusInd Bank: The bank announced a plan to raise up to ₹30,000 crore and has sought RBI approval to allow its promoters to nominate two directors.
Bajaj Housing Finance: The company reported a 24% year-on-year rise in assets under management (AUM), while net interest margins (NIMs) remained stable at 4% on a sequential basis.
Tilaknagar Industries: The company confirmed its acquisition of the Imperial Blue business division from Pernod Ricard for an enterprise value of ₹4,150 crore.
Natco Pharma: The company will acquire a 35.75% equity stake in Adcock Ingram, South Africa, for ₹2,000 crore. This was previously reported and now confirmed.
BEML: Announced a defence order worth ₹294 crore from the Ministry of Defence for the supply of HMV 6×6 vehicles.
Bikaji Foods: Q1 revenue rose 14.2% year-on-year, while EBITDA increased by 5.1%.
Oracle Financial Services Software (OFSS): Q1 revenue rose 7.9% sequentially. Margins stood at 45.8%, compared to 44.6% in the previous quarter.
Borosil Renewables: Revenue grew 37.5% year-on-year in Q1, with adjusted EBITDA margin expanding to 26.2% from 11.2% a year ago.
Mukand: The company will sell 17.77 acres of land in Thane for approximately ₹673 crore.
CMS Info Systems: Reported 3.1% growth in EBITDA and a 4.7% year-on-year rise in revenue.
Force Motors: EBITDA rose 33% in Q1. Operating margin improved to 14.4% from 13.2% a year ago.
Tanla Platforms: Entered into a partnership with an overseas telecom operator to deploy its AI-native platform.
Sunteck Realty: Signed a joint development agreement for a new residential project in Mira Road, Mumbai.
Dr. Reddy's Laboratories (DRL): North America sales declined 11%. The company guided for flat to low single-digit growth in its US business for FY26.
Indian Energy Exchange (IEX): The Central Electricity Regulatory Commission (CERC) approved market coupling in the Day-Ahead Market, to be rolled out in phases.
Cigniti Technologies: EBIT remained flat sequentially, with a margin of 15.24% compared to 15.31% in the previous quarter.
Supreme Petrochem: EBITDA fell 20.8% quarter-on-quarter. Margins declined to 8.28% from 9.41%.
Allcargo Logistics: June LCL (Less-than-Container Load) volumes declined 3%, while FCL (Full Container Load) volumes fell 4% on a month-on-month basis.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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