NIFTY50 above 25,170, SENSEX up 400 points in midday session; Infosys, Tata Motors, Paytm among buzzing stocks

The Indian stock market continued to rise on Wednesday, July 23, tracking its Asian peers as investors were optimistic after the US and Japan trade deal.

During the midday session, Tata Motors was the most contributing stock, rising 2%, followed by Bajaj Finance (1.68%), Shriram Finance (1.3%), Maruti Suzuki (1.26%), and Bajaj Auto (1.22%).

Buzzing stocks on July 23: Check list

According to experts, the IT giant could report flat revenue growth on a sequential basis, while net profit may decline slightly.

The company's net profit is expected to range from ₹6,670 to ₹7,730 crore, which is a decline of 4–5% compared to the previous quarter. The company reported net profits of ₹7,033 crore in Q4 FY25 and ₹6,368 crore in the same quarter last year.

Infosys' Q1 revenue could increase by 2–5% sequentially to ₹41,850–42,350 crore, as per the experts. The company registered revenues of ₹40,925 crore in Q4 FY25 and ₹39,315 crore in the June quarter of FY25.

Compared to other tier-1 IT companies, Infosys is likely to report decent quarterly earnings, aided by upbeat growth in the financial services segment, seasonal recovery, and new acquisitions. The company’s EBIT margins are expected to remain stable at around 20.9%, supported by favourable currency movements.

At the time of writing this report, the stock was trading at ₹1,076.25, rising 0.24% on the NSE.

Paytm reported a solid set of numbers for its Q1 FY26 on Tuesday. The company turned profitable for the first time in the quarter under review, and while the analysts hailed the company turning profitable, they appeared a little concerned about the company's Monthly Transacting Users (MTU) and Gross Merchandise Value (GMV) growth as well as the consumer business.

The floor price of the deal was set 4% lower than Tuesday's closing price.

The report further stated that promoters of Lodha Developers were also looking at selling 1% in the company via a block deal. The deal is reportedly worth $165 million, with a floor price of ₹1,384.6 per share.

Shares of Lodha Developers fell as much as 6.69% to hit an intraday low of ₹1,346.50. Last seen, the stock was trading at ₹1,354.30 per share on NSE, tumbling 6.1%.

Last seen, the stock was trading at ₹685.95 per share, rising 1.86%.

The stock surged amid a rally in auto stocks in Asia after the United States and Japan reached a trade deal. The agreement, which reduces tariffs on Japanese vehicles entering the US market, made investors ’optimistic.

Shares of the country's leading electronic manufacturing company rallied almost 3.5% to hit an intraday high of ₹16,669 apiece on NSE after the company reported a robust Q1.

The sharp jump in profit came on the back of strong performance by its mobile and other EMS divisions.

Dixon Technologies' total revenue from operations in Q1 advanced 95% to ₹12,836 crore as against ₹6,580 crore in the year-ago period.

At the time of writing the article, shares of Dixon were trading at ₹16,578 apiece on NSE, gaining 2.89%.

The airline firm shares zoomed over 7% during the intraday period as the Supreme Court on Wednesday dismissed a plea filed by Kalanithi Maran and KAL Airways challenging a Delhi High Court order that had rejected their claim seeking ₹1,323 crore in damages from SpiceJet.

A bench of Justices P. S. Narasimha and Atul S. Chandurkar refused to interfere with the high court’s May 23 decision, which had dismissed their appeals on the grounds of delay.

Maran and KAL Airways were seeking compensation exceeding ₹1,300 crore, including ₹679 crore allegedly paid for warrants and preference shares that they said were never issued after they transferred their stake in SpiceJet back to its founder, Ajay Singh, in 2015.

Shares of SpiceJet were last seen trading at ₹40.68 apiece on BSE, soaring 6.69%.

Last seen, the stock was trading at ₹133.62 apiece on the NSE, rising 2.18%.

The Navratna CPSE had posted a net profit of ₹1,746 crore for the quarter ended June 30, 2025, as compared to ₹1,577 crore in the same quarter of the previous fiscal year, marking a growth of 10.7% year-on-year (YoY).

The company’s revenue from operations grew 2.2% YoY to ₹6,915 crore in the quarter under review in contrast to ₹6,766 crore seen in Q1 FY25.