Published on: July 23, 2025
Infosys Ltd. reported a stronger-than-expected performance for the first quarter of FY26, with consolidated net profit rising 8.7% year-on-year to ₹6,921 crore, beating Bloomberg’s estimate of ₹6,778 crore. Revenue grew 7.5% to ₹42,279 crore, also exceeding expectations.
The company revised its FY26 revenue growth guidance to 1–3% in constant currency terms, up from 0–3% earlier, while operating margin guidance was retained at 20–22%. Operating profit for the quarter rose 6.2% to ₹8,803 crore, with margins slightly lower at 20.8%, compared to 21.1% a year ago.
Free cash flow came in at ₹7,533 crore, down 17.7% YoY, but accounted for 108.8% of net profit. Earnings per share (EPS) rose 8.6% YoY to ₹16.70.
Infosys signed large deals worth $3.8 billion, with 55% being net new, underlining momentum in client engagements. CEO Salil Parekh credited the performance to the company’s AI capabilities and client consolidation strategy, while CFO Jayesh Sanghrajka highlighted 2.6% QoQ growth, resilient margins, and rising EPS.
Among verticals, manufacturing led with 14.8% YoY growth, followed by energy/utilities (7.2%) and financial services (6.3%). Life sciences declined 6.6%. Geographically, Europe posted a robust 16.2% YoY growth, while North America remained flat at 0.5%.
The stock closed 0.8% lower at ₹1,558.9 on the NSE ahead of the results, after trading in the green during most of Wednesday’s session.
Published on: July 23, 2025
Shares of Jana Small Finance Bank slumped by over 6.28% on Wednesday after the bank reported weaker-than-expected Q1 FY26 earnings. The lender posted a 40.2% year-on-year decline in net profit to ₹101.9 crore, compared to ₹170.5 crore in the same quarter last year, citing elevated operating costs and an unfavourable revenue mix.
Net Interest Income (NII), a key indicator of a bank's profitability, fell 2.4% YoY to ₹595 crore, while asset quality worsened slightly, with Gross NPAs rising to 2.91% from 2.71% in the previous quarter. Net NPAs remained stable at 0.94%, suggesting effective provisioning.
The stock fell to ₹461, before trimming losses to ₹464.20, down 5.63%, underperforming the NSE Nifty 50 Index, which was down 0.22%. Trading activity surged, with volume reaching 11x its 30-day average, and the Relative Strength Index (RSI) at 34, signaling oversold conditions.
Despite the miss, analyst sentiment remains moderately positive. According to Bloomberg data, out of four analysts covering the stock, three rate it a ‘Buy’ and one recommends ‘Hold’, with a 12-month average target implying a 20.1% upside.
Jana Small Finance Bank, which transitioned from a microfinance institution in 2018, continues to focus on financial inclusion, but faces ongoing cost and asset quality challenges typical of smaller lenders.
Published on: July 23, 2025
Markets remained largely range-bound on Tuesday, with benchmark indices ending nearly flat as investors stayed cautious ahead of major earnings announcements. The trading session reflected a pause in momentum, as focus shifted to quarterly results from large-cap companies like Infosys, Tata Consumer Products, and Dr. Reddy's Laboratories.
Several stocks will be in focus in Wednesday’s session:
Infosys, Tata Consumer, Dr. Reddy’s, Bajaj Housing Finance, TTML:
These companies are scheduled to release their Q1 FY26 results today. Analysts and investors are keenly watching for updates on revenue guidance, margin outlook, and sector-specific trends.
Paytm (One 97 Communications):
Swung to profitability with a Q1 consolidated net profit of ₹122.5 crore, driven by AI-led efficiencies and a rise in financial services distribution revenue.
IRFC (Indian Railway Finance Corporation):
Posted double-digit PAT growth in Q1, continuing its strong financial performance on the back of robust leasing activity and lower cost of capital.
ONGC:
Approved an investment of ₹5,082 crore to be spent over FY26–27 by subsidiaries of ONGC Videsh, aimed at enhancing overseas energy assets.
United Breweries:
Reported a net profit of ₹184 crore for Q1, with revenue climbing to ₹2,863 crore, reflecting healthy demand in the beverage sector.
Cyient DLM:
Despite an 8% rise in revenue to ₹278 crore, net profit fell 30% YoY to ₹7.5 crore, signaling margin pressure and higher costs.
Market Sentiment Outlook:
With heavyweights like Infosys and Dr. Reddy’s set to report, market direction may hinge on earnings surprises or guidance revisions. Stock-specific action is likely to dominate as investors gauge corporate confidence in the ongoing fiscal.
Published on: July 23, 2025
Infosys Ltd. is set to report its Q1 FY26 earnings today, with analysts expecting modest sequential growth in revenue and EBIT, while investors await clarity on full-year guidance amid improving deal activity and stable macro conditions.
According to Bloomberg estimates, Infosys’ consolidated revenue is projected to rise 2% QoQ to ₹41,724 crore, with EBIT also seen growing 2% to ₹8,727 crore. EBIT margin is expected to remain largely flat at 20.91%, while net profit may decline 4% to ₹6,778 crore, due to wage hikes and margin pressures.
The Street’s key focus will be on:
• FY26 revenue growth guidance, currently pegged at 0–3%.
• Any revision is likely only at the lower end (to 1–3%), as per most brokerages.
• Commentary on large deal wins, BFSI vertical trends, and AI-led pricing changes.
What Brokerages Expect:
• Goldman Sachs (Neutral | ₹1,660 Target):
o Expects 30–40 bps growth from acquisitions.
o FY26 guidance may be raised to 1–3%.
o Forecasts 2.4% FY26 revenue growth.
• JPMorgan (Overweight | ₹1,900 Target):
o Sees Q1 supported by FX; cautious on upside potential.
o Warns of risks from rupee appreciation, weak U.S. macro, and sluggish FS vertical.
• DAM Capital (Buy | ₹1,840 Target):
o Sees Infosys as a top performer in Q1 among large IT firms.
o Expects guidance hike by 100 bps on both ends.
o Margins seen flat despite wage cost pressures.
• Jefferies (Buy | ₹1,660 Target):
o Expects 1.5% QoQ CC revenue growth.
o Margins may decline 35 bps QoQ, adjusted for Q4 one-offs.
o Large deal TCV to remain stable; BFSI and short-cycle deals in focus.
• HSBC (Hold | ₹1,790 Target):
o Sees 2.5% QoQ USD revenue growth, with ~1% organic.
o Margin likely down 50 bps QoQ due to wage hikes.
o Expects guidance to remain at 0–3%.
Investor Takeaway:
While Infosys is expected to post a stable quarter, any movement in guidance or strategic commentary around AI, BFSI, or cost levers could trigger market reactions. Most analysts remain cautious on margin expansion but positive on execution and deal pipeline.
Published on: July 23, 2025
Markets are expected to react to a slew of corporate developments on Wednesday, with several prominent stocks in focus. Key names include Infosys, Tata Consumer Products, Siemens Energy India, Oberoi Realty, and Dr Reddy’s, driven by post-market announcements and earnings disclosures.
Notable Corporate Updates:
• Oberoi Realty & Lodha Developers: A major block deal by Invesco Developing Markets Fund is underway, with Goldman Sachs brokering transactions worth $230 million (Oberoi Realty) and $165 million (Lodha) — both offered at 4% discount to market price.
• Siemens Energy India: Faces legal and financial pressure after a Russian arbitration court ordered the company to pay ₹443.76 million plus 8% interest, invalidating a previously transferred supply contract.
• Hyundai Motor India: Hit with a GST Cess demand and penalty of ₹517.34 crore for underpayment on SUVs between 2017–2020.
• Exide Industries: Infused an additional ₹100 crore into Exide Energy Solutions, raising total investment in the subsidiary to ₹3,702.23 crore.
• Hero MotoCorp: Launched HF Deluxe Pro motorcycle, priced at ₹73,550, expanding its budget segment offering.
• BGR Energy: Contract worth ₹2,600 crore terminated by Tamil Nadu Power Corp due to performance issues.
• Shyam Metalics: Plans to raise up to ₹4,500 crore through equity or other eligible securities.
• Infosys: Announced extended collaboration with AGCO Corporation to digitally transform IT infrastructure and HR systems.
Earnings Highlights – Post Market (Tuesday):
• One 97 Communications (Paytm):
o Revenue flat at ₹1,917 crore.
o EBITDA turns positive at ₹71 crore (vs ₹89.5 crore loss).
o Net profit at ₹122.5 crore driven by AI-led efficiency and cost controls.
• Zensar Technologies:
o Revenue up 1.9% to ₹1,385 crore.
o Net profit rose 3.2% to ₹182 crore.
o U.S. market grew 4.3% QoQ; Europe declined 5.8%.
• Dixon Technologies:
o Revenue surged 95.1% YoY to ₹12,835.7 crore.
o EBITDA margin stable at 3.8%; net profit up 68% to ₹224.97 crore.
• Dalmia Bharat:
o Revenue flat; EBITDA up 32% to ₹883 crore.
o Net profit jumped 179% YoY to ₹393 crore despite a ₹113 crore exceptional loss.
• United Breweries:
o Revenue rose 15.7% YoY to ₹2,862 crore.
o Net profit up 6% to ₹183.7 crore.
• Jana Small Finance Bank:
o NII down 2.4% at ₹595 crore.
o Net profit dropped 40% to ₹101.9 crore due to rising NPAs.
• Huhtamaki:
o Revenue fell 4.3% YoY; EBITDA rose 33%.
o Net profit down 35% to ₹24.9 crore.
• CreditAccess Grameen:
o Net profit crashed 85% to ₹60.2 crore on elevated impairments of ₹571 crore.
• Welspun Specialty, KEI Industries, JSW Infra, Cyient DLM also released results with mixed performance on revenue and profitability.
Dividend Ex-Date:
Stocks such as D.B. Corp, Aditya Birla Sun Life AMC, Sonata Software, Nesco, and Greaves Cotton will go ex-dividend today.
Earnings in Focus Today (July 23):
Investors will closely watch Q1 results from Infosys, Tata Consumer, Dr. Reddy’s, Coforge, Persistent Systems, Mahindra Holidays, PCBL, Sky Gold & Diamonds, SRF, Syngene, and Sapphire Foods, among others.
Markets are likely to remain stock-specific with high intra-day volatility as investors digest earnings surprises and corporate actions across sectors.
Published on: July 23, 2025
Shares of Mahindra & Mahindra Ltd (M&M) surged to a new all-time high of ₹3,303 on Wednesday, reflecting continued investor enthusiasm and strong momentum in the auto major. The stock opened at ₹3,260 and was last seen trading at ₹3,273.4, extending its recent rally and delivering a 2% gain over the past four sessions.
Despite underperforming its sector by 0.76% during the day, M&M remains technically strong, trading above all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — signaling ongoing trend support. Trading volumes stood at 10.64 lakh shares with a total traded value of ₹34.96 crore, though a 23.95% drop in delivery volume suggests the current rally may be driven more by short-term interest than long-term accumulation.
M&M’s market capitalization has now reached ₹3.91 lakh crore, cementing its position as a large-cap leader in the automobile sector and one of the top performers in its segment for July.
Brokerage Views:
• Motilal Oswal maintained a Buy rating, setting a target price of ₹310. Analysts noted an “operationally soft quarter” due to weak disbursements and elevated slippages but pointed out an improvement in net interest margins (up 10 bps QoQ). They forecast a PAT CAGR of 21% for FY25–27, with RoA of 2.2% and RoE of 13% by FY27E.
• Nuvama gave a Hold rating with a target price of ₹280, citing better-than-expected net interest income (NII) and pre-provision operating profit (PPOP), but concerns around elevated credit costs at 1.9% (versus expected 1.5–1.7%). Disbursement growth remained weak, but spreads and PPOP showed quarterly improvement.
Despite near-term risks around credit costs and disbursement trends in its financial services arm, M&M’s core auto business and technical strength continue to support bullish sentiment.
Published on: July 23, 2025
Indian equity benchmarks opened on a positive note on July 23, tracking upbeat global market sentiment. The Sensex gained 243.03 points (0.30%) to trade at 82,429.84, while the Nifty rose 70.60 points (0.28%) to 25,131.50 in early session.
Despite the strong opening, broader markets displayed a mixed performance. The Nifty MidCap index edged up by 0.06%, while the Nifty SmallCap index slipped slightly by 0.02%, reflecting cautious investor sentiment beyond the frontline indices.
Sectorally, Nifty Realty came under early pressure, declining over 1%, while other sectors traded in a narrow range. Market breadth was slightly positive, with 160 stocks advancing, 71 declining, and 22 remaining unchanged on the National Stock Exchange.
Among the Nifty 50 stocks, Bharti Airtel, Tata Motors, Maruti Suzuki, Shriram Finance, and Jio Financial led the gainers. On the downside, ONGC, Hero MotoCorp, Tata Steel, Tata Consumer, and Cipla were notable losers in early trade.
Published on: July 23, 2025
Equity benchmark indices continued their upward momentum in Wednesday’s mid-session trading, buoyed by optimism around a potential US-Japan trade deal that lifted investor sentiment. The Sensex rose 360.20 points (0.44%) to 82,547.01 around 1:16 PM—just shy of its intraday high of 82,632.99. Meanwhile, the Nifty 50 climbed 105.35 points (0.42%) to 25,166.25.
Broader markets remained resilient, with both midcap and smallcap indices posting modest gains. Sectorally, the realty index was the biggest laggard, falling over 2.5%, while auto, healthcare, financial, and IT sectors traded in positive territory. Media, FMCG, and PSU Banks also witnessed mild declines.
Top gainers on the Nifty 50 included Tata Motors, Shriram Finance, Bajaj Finance, Bharti Airtel, and Maruti Suzuki. On the flip side, Tata Consumer, Bharat Electronics (BEL), Hindustan Unilever, ONGC, and UltraTech Cement were the key laggards.
Out of 2,875 stocks traded on the NSE, 1,315 advanced, while 1,445 declined. Notably, 62 stocks hit a 52-week high—including InfoBeans, ICICI Bank, M&M, and Paytm—while 24, including Colgate and Tejas Networks, hit 52-week lows.
In the midcap space, Ola Electric soared over 7%, with Dixon Technologies, Biocon, and Premier Energies also gaining 2–3%. However, Colgate, Oberoi Realty, M&M Finance, Patanjali Foods, and Prestige Estates declined between 2–4%.
Among smallcaps, CreditAccess, Reliance Power, Castrol India, IGIL, and TTML rose 2–5%, while Triveni Turbine, Newgen, Brigade, PNB Housing, and IEX dropped 2–4%.
On the BSE, Bombay Dyeing surged 11%, while KIOCL, MRPL, Ola Electric, and SpiceJet rose 6–9%. On the downside, Ion Exchange, Lodha Group, and Aurionpro saw sharp declines, falling between 6–12%.
Published on: July 23, 2025
Sky Gold and Diamonds reported a stellar performance for the first quarter of FY26, with consolidated revenue soaring 56.5% year-on-year to ₹1,131 crore, up from ₹723 crore in the same period last year. The company’s net profit more than doubled to ₹43.6 crore from ₹21.2 crore, reflecting improved operational efficiency and rising sales volumes.
EBITDA rose 91.6% to ₹71.4 crore, while margins expanded to 6.3% from 5.2%, indicating better cost management and product mix. Despite the strong earnings, shares of Sky Gold and Diamonds fell as much as 4.09% in intraday trade, eventually settling 2.96% lower in the afternoon session, as investors appeared to book profits post-results.
Operating in the jewellery manufacturing and retail sector, Sky Gold and Diamonds specializes in lightweight gold ornaments, catering largely to the domestic market while gradually expanding its export footprint. The company has been actively growing its manufacturing capabilities and product range to meet increased demand, especially in urban and semi-urban regions.
Published on: July 23, 2025
Indian benchmark indices ended sharply higher on Tuesday, with the Sensex gaining over 500 points and the Nifty closing above the 25,200 mark, driven by a strong rally in financial and auto stocks. HDFC Bank and Bharti Airtel led the last-hour surge. Among top gainers in the Nifty were Tata Motors and Shriram Finance, while TV18 Broadcast and Elgi Equipment boosted the Nifty Smallcap 250, which rose for the fourth consecutive session.
The Nifty Auto index emerged as the day's top-performing sector, driven by gains in Tata Motors and Apollo Tyres. Meanwhile, Nifty Realty fell over 2%, with Brigade Enterprises and Oberoi Realty among the biggest losers. Nifty Financial Services continued its winning streak for the third day, while Nifty Oil & Gas and Nifty Pharma snapped their recent losing runs.
In earnings, Syngene International reported a strong Q1FY26 performance with a 14.5% YoY rise in net profit, boosting its share price. On the other hand, Mahindra Holidays saw a sharp decline in share price after posting a 33.6% drop in net profit despite revenue growth.
Currency markets remained under pressure, with the rupee closing 4 paise weaker at 86.41 per US dollar. Meanwhile, Aurum PropTech announced a strategic acquisition of PropTiger via an equity swap, issuing 42 lakh shares to REA India as part of the deal.
Published on: July 22, 2025
Indian stock markets closed largely unchanged on Tuesday, with the Nifty50 slipping 0.12% to 25,060.9 and the BSE Sensex edging down 0.02% to 82,186.81. Gains from strong Q1 earnings by Eternal, Zomato’s parent company, were offset by losses in Reliance Industries and investor concerns over a stalled trade agreement between India and the United States.
Eternal surged 10.3% to a record intraday high after reporting stabilizing margins in its quick commerce segment, lifting broader sentiment in the digital space and boosting peer Swiggy’s stock by 5.7%. However, Reliance Industries continued its slide, falling 1.1% due to persistent headwinds in its oil-to-chemicals and retail segments.
Uncertainty over the India-U.S. trade deal weighed on investor sentiment. Reuters reported stalled negotiations over tariff cuts on agricultural and dairy products, lowering the odds of a pact before the August 1 deadline.
Among sectoral indices, financials remained resilient, supported by HDFC Bank and ICICI Bank, which rose 0.3% and 0.4% respectively, extending their post-earnings rally. However, mid- and small-cap indices declined by 0.6% and 0.3%, reflecting broad-based caution.
Brokerage stocks such as BSE, Nuvama Wealth Management, and Angel One advanced after the market regulator lifted restrictions on U.S.-based trading firm Jane Street. Meanwhile, Zee Entertainment plunged 5.7% after reporting a 14% drop in consolidated income due to weak ad revenue.
Analysts say market direction hinges on the earnings season and the outcome of trade negotiations. While Foreign Institutional Investors (FIIs) remain in profit-booking mode, steady flows from Domestic Institutional Investors (DIIs) could support a range-bound bias in the near term.
Published on: July 22, 2025
Domestic equity markets ended a volatile session with mild losses on Tuesday, as selling in energy and auto stocks offset gains in consumer durables. The BSE Sensex declined by 13.5 points to close at 82,186.8, while the NSE Nifty50 dropped 29.8 points, settling at 25,060.9.
Market volatility was evident as the Sensex swung over 400 points and the Nifty50 moved within a 150-point band. The India VIX index, a gauge of market fear, dropped 4%, reflecting reduced near-term volatility expectations.
Investors remained cautious ahead of key earnings from major companies like Infosys, Dr Reddy’s Labs, Tata Consumer Products, and Bajaj Finance, all scheduled to report later this week.
Among the Nifty50, Shriram Finance, Eicher Motors, Jio Financial Services, Adani Ports, and Tata Motors were among the top losers, falling between 1.5% and 2.3%. Meanwhile, Titan, HDFC Life, Hindalco, and Maruti Suzuki led the gainers, with Eternal jumping over 10%.
The Nifty Bank index slipped nearly 200 points, closing at 56,756 after a volatile session. Broader markets also weakened, with the Nifty Midcap 100 and Smallcap 100 falling 0.6% and 0.3%, respectively. Market breadth favored the bears, as 2,231 stocks declined versus 1,790 gainers on the BSE.
Global cues remained tepid, with European markets opening in the red and Asian equities facing similar pressure, further weighing on investor sentiment.
Published on: July 22, 2025
Infosys, one of India’s leading IT services companies, is set to announce its Q1FY26 results on Wednesday, July 23, 2025, around 3:45 PM, according to its regulatory filing. The company will follow the announcement with a press conference at 4:15 PM and a 60-minute investor and analyst earnings call at 5:30 PM.
The results will be published on the BSE website and in the Investor Relations section of Infosys’ official website. A live stream of the press meet and an archived video will also be available on the company’s website. FinancialExpress.com will provide real-time coverage of key metrics and announcements.
Investor attention is sharply focused on Infosys, especially after TCS, HCLTech, and Wipro posted mixed performances in their Q1FY26 results. While TCS reported a 9% YoY rise in profit and HCLTech showed modest growth, Wipro delivered stronger-than-expected 10% profit growth. This places heightened expectations on Infosys’ commentary around global demand, deal wins, and revenue outlook.
In the previous quarter (Q4FY25), Infosys posted a consolidated net profit of ₹7,030 crore, up 3.3% QoQ but down 12% YoY. Revenue came in at ₹40,925 crore, marking a 2% sequential decline but an 8% YoY increase. Despite the revenue dip, profitability improved sequentially, and the board recommended a final dividend of ₹22 per share for FY25.
Given the IT sector’s uneven start to FY26, Infosys' Q1 performance and management’s guidance will be crucial in shaping investor sentiment going forward.
Published on: July 22, 2025
HDFC Bank shares have rallied 3% over the past two trading sessions following the release of its Q1FY26 results, which showed a 12% year-on-year jump in net profit to ₹18,155 crore and a 5.4% rise in net interest income. Despite a slight dip in net interest margin to 3.35%, brokerages such as Goldman Sachs and Nomura expressed confidence that margin pressures would ease in the coming quarters.
Investor sentiment was further boosted by the bank's announcement of its first-ever 1:1 bonus share issue and a special interim dividend of ₹5 per share. Brokerages including Jefferies, CLSA, Motilal Oswal, and Nomura raised their target prices, reflecting optimism over improving credit growth, strong asset quality, and merger synergies.
With healthy fundamentals, strong retail loan demand outlook, and strategic provisioning, analysts continue to view HDFC Bank as a top pick in the banking sector for the medium to long term.
Published on: July 21, 2025
The Government of India has approved a major restructuring of the boards of THDC India Ltd. and NEEPCO, both subsidiaries of NTPC, to streamline governance and improve operational efficiency. As per a Ministry of Power (MoP) notification dated July 18, the boards of both public sector enterprises will now be reduced from 14 to seven members.
Under the new structure, the Chairman and Managing Director (CMD) role at both entities will be redesignated as Managing Director (MD), and a non-executive Chairperson, who will be the CMD of NTPC, will preside over the boards. The Director (Technical), Director (Finance), and Director (Personnel) positions will be eliminated. Instead, NTPC’s Director (Finance) will participate in board meetings involving key financial decisions at THDC and NEEPCO.
The reconstituted boards will include two NTPC/government nominee directors and three independent directors, aiming to foster quicker and more strategic decision-making. Appointments for the MD roles will follow norms laid out by the Public Enterprises Selection Board and the Appointments Committee of the Cabinet.
The restructuring follows NTPC’s acquisition of a 74.496% stake in THDCIL and 100% in NEEPCO in March 2020. The move aligns with efforts to consolidate and optimize management across NTPC’s subsidiaries. The MoP has been asked to submit a revised proposal incorporating the changes for further action.