Stocks to watch, July 21: Cyient DLM, Paytm, SBI Funds, TARIL, IHCL, Bajaj Auto, Mastek, Tata Steel, IndiGo

The domestic stock market is expected to open gap-down on Tuesday, July 21. The GIFT NIFTY futures suggest that the NIFTY50 index will open around 100 points lower.

The company said that with large addressable TAM and AI-led operating leverage, accelerating revenue growth and EBITDA margin expansion position us for long-term sustainable profit growth.

Profit for the period came in at ₹220 crore, up 79% YoY.

In the corresponding period of the previous fiscal year, the company had clocked a profit of ₹67.35 crore, according to a regulatory filing.

Sequentially, its profit dropped 31.09% quarter-on-quarter (QoQ) from ₹89.28 crore in the preceding quarter.

The real estate firm’s revenue from operations grew 50% year-on-year (YoY) to ₹1,278 crore during the quarter under review, as against ₹852 crore in the June quarter of the 2025-26 fiscal year (Q1 FY26).

At an operational level, its EBITDA (earnings before interest, tax, depreciation, and amortisation), also known as operating profit, stood at ₹77 crore in Q1 FY27 as compared to ₹24 crore in the year-ago period.

HCLTech has always treated disruption as a catalyst for reinvention and growth, not as a threat, she said in HCLTech's latest annual report.

"The technology industry is undergoing a tectonic shift as AI reshapes how work gets done, with its promise of agility and productivity...We see AI and its adjacent technologies as a powerful tailwind, one that will open larger opportunities and accelerate our growth," she wrote.

The company aims to have 40 million tonnes per annum (MTPA) steelmaking capacity in India, up from the present 27.35 MTPA, through capacity expansion and transition to low-emitting steelmaking routes.

“Tata Steel is committed to invest ₹10,000 crore in its Jharkhand projects, including ₹7,000 crore in HIsarna & Easy Melting Technology by 2028. In total, the investment will create 2,000 direct and indirect jobs,” a company official told the media here.

Tata Steel Chief of Corporate Communication, Sarvesh Kumar, said proposed investments included ₹2,600 crore in expansion of the Tinplate Division, while ₹1,500 crore will be invested in the Combi mill.

The initiatives, announced on the occasion of its 119th foundation day, included the launch of a new mobile banking platform, a global capability innovation and transformation centre, a virtual front office and also a facility to undertake international UPI payments, an official statement said.

"First half growth will be better, but when it comes to the second half, because of the base effect, growth percentage is lower. Overall, it should be single-digit growth," he said.

Kumar was responding to a query on the growth outlook for the ongoing fiscal year for the commercial vehicles industry.

In the first two months of the fiscal, there were challenges, and then there was improved market sentiment in June, he added.

"Now we are again seeing some challenges. Having said that, overall we are optimistic...," Kumar noted.

The company is looking to strengthen its position in the textile value chain by expanding into value-added fabric products to drive its growth, it said.

Divyang Jashwant Patel, Managing Director of Aastha Spintex Limited, said, "At Aastha Spintex, every phase of growth has been guided by a long-term vision of building a stronger and more integrated textile business. As we continue to strengthen our manufacturing capabilities, we believe this is the right time to move further along the textile value chain."

The company said its board will also consider a bonus issue of equity shares in the ratio of up to 1:1 (one bonus share for every one equity share held), and a final dividend of up to 100%.

The company recently completed the acquisition of Falcon Yarns Private Limited, more than doubling its annual spinning capacity from 7,700 MT to 17,457 MT.

The company had posted a PAT of ₹36.42 crore in Q1 FY26, D P Abhushan said in a statement.

Total income for the quarter under review rose 58% to ₹853.63 crore from ₹541.32 crore in the June quarter of the financial year ended March 31, 2026, the company said.

"Despite volatility in gold and silver prices and temporary consumer hesitation following recent policy announcements, demand, particularly for wedding jewellery, remained resilient and business momentum gradually normalised," said Santosh Kataria, Managing Director.

IndiGo and CFM International, an equal joint venture between GE Aerospace and Safran Aircraft Engines, have inked a Memorandum of Understanding (MoU) for the order at the Farnborough International Airshow in the UK.

The order for more than 1,000 LEAP-1A engines to power 510 Airbus A320neo family aircraft will also be the "largest single order ever placed for LEAP engines and a record for CFM International," a release said on Monday.

Financial details were not disclosed.

Its consolidated net profit stood at ₹278.13 crore in the quarter ended on June 30, 2025, an exchange filing showed.

The total income rose to ₹1,806.49 crore in the quarter from ₹1,630.88 crore in the year-ago period.

The flagship company of the Aditya Birla Group remains among the few private sector enterprises to consistently invest in India’s future, said Birla in the latest annual report of the company.

This sustained investment strengthened capacity, enhanced capabilities, expanded the company's presence in high-growth sectors and created platforms to serve a "more ambitious, self-reliant and rapidly evolving India," he said.