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Stocks to Watch, July 24: BEML, Infosys, Nestle India, Mphasis, Trident, Tilaknagar Industries, IEX, Cyient, and more
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5 min read | Updated on July 24, 2025, 08:13 IST
SUMMARY
Stocks to Watch: Infosys, the country's second-largest information technology (IT) services company, on Wednesday, July 23, reported a consolidated net profit of ₹6,921 crore for the first quarter of the current financial year (Q1 FY26), marking a year-on-year (YoY) increase of 9% from ₹6,368 crore logged in the same period last year.
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On a sequential basis, Infosys' net profit declined 1.59% from ₹7,033 crore.
Its revenue from operations advanced 10% to ₹4,779 crore in the April-June period as against ₹4,352 crore in the year-ago period.
Tilaknagar Industries: Shares of Tilaknagar Industries (TIL), the home-grown alcoholic beverage maker, will be on investors' radar on Thursday, July 24, as the company on Wednesday announced it would acquire the Imperial Blue whisky business from the Indian arm of French liquor giant Pernod Ricard at an enterprise value of 412.6 million euros (around ₹4,150 crore).
The private sector bank had a consolidated net loss of ₹2,328.9 crore in the March quarter of 2024-25 due to accounting lapses and fraud in the microfinance portfolio.
The shareholders at the 31st annual general meeting also approved a proposal to permit promoters to appoint two directors on the board of the bank, IndusInd Bank said in a regulatory filing.
The Hinduja family owns a 15.82% stake in the bank and is classified as its promoters.
The issue will offer 10.41 crore fully paid-up equity shares at ₹120 per share, including a premium of ₹110 on the face value of ₹10 each, the company said in a regulatory filing.
The issue price is at a sharp discount of 27% to Wednesday's closing price of ₹165.60 apiece on the BSE.
The rights issue will open on August 6 and close on August 20, with the record date fixed as July 29 to determine shareholder eligibility.
The company had reported a loss of ₹3.64 crore in the quarter ended on June 30, 2024, according to a BSE filing.
The company's total income rose to ₹337.78 crore in the quarter from ₹244.39 crore a year ago.
The company has made a provision for an exceptional item of ₹325.90 crore in the quarter under review.
The company has bagged the order from the Ministry of Defence (MoD), BEML said in an exchange filing.
Indigenously designed High Mobility Vehicles (HMVs) will primarily be manufactured at the company's Palakkad and Mysore plants, with additional production in other divisions based on operational feasibility.
The Pune-based automaker reported a consolidated net profit of ₹182 crore for the April-June quarter of last year.
Revenue from operations rose to ₹2,297 crore in the first quarter as against ₹1,885 crore in the year-ago period, Force Motors said in a statement.
"This growth can be attributed to our consistent focus on meeting customer expectations, capitalising on domestic momentum, and improving internal efficiencies," Force Motors MD Prasan Firodia said.
In the corresponding period a year ago, it had clocked a profit of ₹1,392 crore.
The pharmaceutical company’s revenue from operations stood at ₹7,672.7 crore during the quarter under review, surging 11.37% YoY from ₹7,672.7 crore in the first quarter of FY25.
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