Stocks to Watch Today: Infosys Q4 Earnings Lead Corporate Developments; Key Results in Focus

Infosys

Infosys posted a very good performance in Q4FY24, with consolidated net profit up 20.9% YoY at ₹8,501 crore. Net revenue jumped 13.4% YoY to ₹46,402 crore, while USD revenue increased 6.6% to $5,040 million.

EBIT surged by 13.6% to ₹9,743 crore, while maintaining EBIT margin stability at 21%. The firm reported excellent deal closures of $14.9 billion for FY26, along with free cash flows of $3.7 billion. The board of directors approved a final dividend of ₹25 per share.

For FY27, Infosys' guidance on revenue growth is 1.5-3.5% CAGR, with an estimated operating margin range of 20-22%.

Equitas Small Finance Bank

Equitas Small Finance Bank Ltd. has obtained RBI’s clearance for the extension of Vasudevan P N as Managing Director & CEO for a tenure of three years commencing from July 23.

Gujarat Gas

The Gujarat Gas Company has reiterated its dedication to the Morbi ceramics industry by ensuring a constant supply of gas and stable prices amid geopolitical turbulence in energy markets.

Birla Corporation

Mining has already begun at the newly opened Birla Corporation Bikram Coal Mine in the state of Madhya Pradesh. There is an estimated 9.44 million tonnes of thermal coal present in this open cast mine.

Dabur India

Dabur India has appointed Herjit S Bhalla as Chief Executive Officer for its India Business, effective April 23, strengthening its senior management team.

Rolex Rings

Rolex Rings has sanctioned a buyback of up to ₹180 crore per share, where up to 1 crore equity shares would be bought back at a price of ₹180 per share. However, the promoters have stated that they would not take part in this buyback exercise.

Inventurus Knowledge Solutions

Inventurus Knowledge Solutions has revealed that its US subsidiary will buy TruBridge Inc for $565 million, which signals its growth into the global marketplace.

Bank of Baroda

The tenure of Managing Director and CEO Debadatta Chand has been extended for Bank of Baroda for another three years.

Star Cement

Star Cement, through its subsidiary Star Cement North East, has acquired 100% shareholding in Jaitaran Renewable Power, making it a step-down subsidiary and strengthening its renewable energy presence.

Results to Watch

Several key companies are scheduled to announce their quarterly results today, including Reliance Industries, Shriram Finance, IndusInd Bank, Adani Green Energy, Hindustan Zinc, L&T Finance, Tanla Platforms, and Zensar Technologies among others.

Conclusion

Earnings strength at Infosys has created a favorable environment for the IT stocks, whereas activities in banks, energy, and industry sectors have indicated stable business conditions. Given the earnings announcements expected from many big stocks in coming days, the market will be dictated by company-specific factors.