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  5. Stocks to watch, July 24: Bank of Baroda, Infosys, Diamond Power, SAIL, IndiGo, Meesho, oil-sensitives

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Stocks to watch, July 24: Bank of Baroda, Infosys, Diamond Power, SAIL, IndiGo, Meesho, oil-sensitives

Swati Verma
By Swati Verma

6 min read | Updated on July 24, 2026, 10:42 IST

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SUMMARY

IT services major Infosys on Thursday reported a 12.2% year-on-year (YoY) rise in consolidated net profit to ₹7,769 crore for the June quarter, and tempered the upper end of its full-year revenue forecast to between 1.5% and 3% amid continued macroeconomic uncertainty.

Stock list

INFY
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BANKBARODA
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DIACABS
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MEESHO
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INDIGO
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Stocks-to-watch-July-24

The GIFT NIFTY futures suggest that the NIFTY50 index will open 196 points lower.

The domestic stock market is expected to open gap-down on Friday, July 24. The GIFT NIFTY futures suggest that the NIFTY50 index will open 196 points lower.

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Here is a list of stocks that may remain in focus today.
Earnings today: 86 companies, as per the BSE list, are slated to announce their June-quarter (Q1 FY27) numbers today. The list includes names such as ACC Ltd, NTPC, Hindustan Zinc, Bank of Baroda, SBI Life Insurance Company, Tata Consumer Products, Jindal Steel, Steel Authority of India (SAIL), CG Power and Industrial Solutions, Bank of India, and REC Ltd, among others.
Infosys: IT services major Infosys on Thursday reported a 12.2% year-on-year (YoY) rise in consolidated net profit to ₹7,769 crore for the June quarter, and tempered the upper end of its full-year revenue forecast to between 1.5% and 3% amid continued macroeconomic uncertainty.

India's second-largest IT services company saw revenue for Q1 FY27 rise 14% to ₹48,211 crore.

Infosys also named company veteran Ashiss Kumar Dash as CEO-designate, with the leadership transition scheduled for April 1, 2027, after incumbent Salil Parekh completes his second term, marking the end of a nine-year tenure. Notably for Infosys, Parekh is its longest-serving CEO who is not one of the founders.
Meesho: E-commerce company Meesho on Thursday said its loss narrowed to ₹132.8 crore in the quarter ended June 2026, aided by higher sales and lower order cancellations.

The company had registered a loss of ₹289.35 crore in the same period a year ago.

The consolidated revenue from operations of Meesho grew by 48% to ₹3,712.81 crore during the reported quarter from ₹2,503.86 crore in June 2025.

"Q1 (first quarter) FY27 revenue from Operations (marketplace) came in at ₹3,707 crore, a 48% YoY rise, driven by improved delivery conversion through lower cancellations, return-to-origin (RTO) rates and higher platform monetisation," the company said.

Cyient: The IT firm reported a consolidated net profit of ₹104 crore on Thursday, July 16, for the quarter ended June 30, 2026 (Q1 FY27), rising 90% sequentially from ₹55 crore in Q4 FY26.

The company’s revenue from operations surged 7.7% on a quarter-on-quarter (QoQ) basis to ₹2,076 crore during the quarter under review, compared to ₹1,927 crore in the March quarter of the 2025-26 fiscal year (Q4 FY26).

At an operational level, its EBIT (earnings before interest and taxes) stood at ₹187 crore, registering a growth of 7.7% QoQ from ₹1,927 crore. The EBIT margin also increased to 9% in Q1 FY27, in contrast to 8.1% recorded in the previous quarter of FY26.
InterGlobe Aviation (IndiGo): IndiGo’s parent company, InterGlobe Aviation, announced its April to June quarter results for the financial year 2026-27 on Thursday, July 23, where the airline operator posted a ₹237 crore net loss due to the massive surge in jet fuel prices in the period.

NSE filings showed that IndiGo recorded a ₹237.6 crore net loss in the first quarter of the fiscal year 2026-27, compared with a net profit of ₹2,176.3 crore in the same period a year ago.

Although the airline company’s revenue from core operations increased 20% to ₹24,584 crore from ₹20,496 crore in the same quarter of the previous year, overall expenses during the period weighed on margins and financial performance.

Sona BLW Precision: The company reported a consolidated net profit (attributable to the owners of the company) of ₹180.47 crore during the quarter under review, marking a 44.71% year-on-year (YoY) increase from ₹124.71 crore in the first quarter of the 2025-26 fiscal year (Q1 FY26).

On a sequential basis, however, its profit declined 5.9% quarter-on-quarter (QoQ) from ₹191.92 crore in the quarter-ago period.

Its revenue from operations advanced by 52.38% YoY to ₹1,301.20 crore in the June FY27 quarter, as against ₹853.91 crore in the corresponding quarter of the previous fiscal year. It jumped 3.47% QoQ from ₹1,257.5 crore in the March quarter of FY26.
Adani Enterprises: The company, in its filing to stock exchanges, on Friday, said that it categorically denies recent media reports and market speculation suggesting that the Company is planning to launch an airline. "The reports are entirely baseless and factually incorrect," it added.
Mphasis: The company said its revenue for the June-quarter grew 1.8% QoQ and 7.7% YoY in USD terms and grew 2.1% QoQ and 8.3% YoY in constant currency terms. In rupee terms, revenue grew 3.3% QoQ and 17.5% YoY on a reported basis.

New TCV wins of $461 million in Q1 FY27, of which 63% is AI-led.

“We are pleased with the momentum as we enter the financial year, and the early market acceptance of Mphasis TriaTM, which has elevated us to a platform-led AI partner for enterprise clients. Q1 FY27 was a strong start, with revenue growth of 2.1% sequentially in constant currency, with a strong pipeline and TCV wins. We expect further acceleration in sequential growth in Q2 FY27, as we continue to gain wallet share, as well as capture additional AI-led market share,” said Nitin Rakesh, CEO & Managing Director, Mphasis.

Oil-linked stocks: Oil-linked stocks will be in focus on Friday after Brent crude climbed to $100 per barrel, its highest level in months, amid escalating geopolitical tensions in the Middle East and concerns over supply disruptions.

Higher crude prices are typically positive for upstream oil producers such as ONGC and Oil India, while oil marketing companies (OMCs), aviation, paint and tyre stocks may remain under pressure due to rising input and fuel costs.

Prices spiked after Houthi militia in Yemen attacked oil tankers in the Red Sea, threatening a key export route that Saudi Arabia has used to bypass the Strait of Hormuz, a BBC report said.

Diamond Power Infrastructure: The company has approved the launch of its Qualified Institutional Placement (QIP) issue and fixed the floor price at ₹238.92 per equity share. The issue opened on July 23, with the company retaining the option to offer a discount of up to 5% on the floor price in accordance with SEBI regulations.

In June, the company's board had approved raising of funds by way of issuance of equity shares through qualified institutions placement (QIP)/through permissible mode for an amount not exceeding ₹2,000 crore.

With inputs from PTI
Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial adviser before making any investment decisions.

About The Author

Swati Verma
Swati Verma is a business journalist with 12 years of experience. She writes on equities, corporate earnings, sectoral trends, and industry outlook, among others. At Upstox, she leads financial markets coverage.

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