LIVE
NIFTY 5022,453.30+0.98%SENSEX74,235.62+1.24%BANK NIFTY48,892.15+1.45%NIFTY IT35,124.80-0.52%NIFTY MIDCAP52,487.25+0.87%NIFTY 5022,453.30+0.98%SENSEX74,235.62+1.24%BANK NIFTY48,892.15+1.45%NIFTY IT35,124.80-0.52%NIFTY MIDCAP52,487.25+0.87%

Indian Stocks: Infosys, IndiGo, Hindalco Lead Market Watch

By Business DeskIndian Stocks: Infosys, IndiGo, Hindalco Lead Market Watch

Explore key Indian stocks like Infosys, IndiGo, and Hindalco on July 24. Discover quarterly results and corporate updates impacting the market.

Indian markets are set to track several key stocks today, July 24. This focus follows a series of recent quarterly financial results and significant corporate developments from companies like Infosys, InterGlobe Aviation, Hindalco Industries, and Coforge.

Quarterly Financial Results Drive Focus

  • Infosys: Profit surged 12.2% to Rs 7,769 crore; revenue climbed 14% to Rs 48,211 crore.
  • InterGlobe Aviation (IndiGo): Reported a loss of Rs 238 crore, despite revenue growth of 19.9% to Rs 24,584.1 crore.
  • Meesho: Narrowed its loss to Rs 132.8 crore; revenue surged 48.3% to Rs 3,712.8 crore.
  • Motilal Oswal Financial Services: Profit grew 9.6% to Rs 1,273.1 crore; revenue increased 25.1% to Rs 3,425.8 crore.
  • Orient Cement: Profit dropped 62.4% to Rs 77 crore; revenue decreased 30.3% to Rs 604 crore.
  • Indian Energy Exchange (IEX): Q1 FY27 consolidated net profit rose 11.7% to Rs 134.8 crore; revenue climbed over 10% to Rs 202.8 crore.

Strategic Corporate Developments

  • Patel Engineering: Announced an ex gratia payment of Rs 5 lakh for blast victims’ next of kin at the Teesta Stage-VI hydro power plant.
  • Hindalco Industries: Plans a significant investment of Rs 50,000 crore in India over three years for upstream and downstream businesses.
  • Punjab National Bank (PNB): Signed an agreement with the Karnataka government to establish a Quantum Finance Innovation Hub.
  • Coforge: Introduced “Coforge Nuuron,” an AI operating system designed to industrialize AI-driven outcomes for businesses.
  • Swiggy: Its board approved a foreign ownership cap of 49.5% on a fully diluted basis, maintaining its Indian-owned-and-controlled classification.
  • Aastha Spintex: Approved expansion plans into value-added textile products and a bonus issue of shares.

These diverse corporate actions and financial results will continue to influence stock performance across the Indian market throughout the trading day.

Home/business/Article