India Daybook: July 23, 2026

The Indian stock market on July 23, 2026, is characterized by significant earnings reports and a flurry of corporate actions. Key highlights include robust profit growth from NTPC Green and IndusInd Bank, while Oracle Financial Services reported a massive sequential surge in earnings. Additionally, the primary market remains active with the opening of the Xtranet Technologies IPO and several blue-chip stocks trading ex-dividend.

📍 EARNINGS

• NTPC Green: The company reported a 38.2% year-on-year increase in consolidated net profit to ₹305 crore for the June quarter. Revenue from operations surged 62.7% to ₹1,109 crore, driven by increased capacity and higher power generation.
• IndusInd Bank: The private lender posted a strong 46.5% YoY growth in net profit at ₹1,003 crore. Asset quality showed improvement with Net NPA at 0.95% versus 1.00% in the previous quarter, while Net Interest Margin (NIM) expanded to 3.57%.
• Oracle Financial Services Software: Reported a stellar performance with consolidated net profit jumping 68.2% sequentially to ₹1,416 crore. Revenue grew 51.3% QoQ to ₹3,125 crore, supported by strong license wins and service renewals.
• Dr. Reddy's Laboratories: Shares will be in focus following a weak Q1 showing, with net profit declining 68.7% YoY to ₹444 crore. The sharp drop was primarily due to higher R&D expenses and pricing pressures in the global generics market.
• Tanla Platforms: Consolidated net profit rose 5.8% sequentially to ₹142 crore. Revenue for the quarter stood at ₹1,226 crore, marking a 4.1% increase over the previous quarter.

📍 ACQUISITION

• Rubicon Research: The company has acquired its first manufacturing facility in the United States, located in New Jersey, for a consideration of $2.9 million to strengthen its global supply chain.
• Emcure Pharmaceuticals: Announced the completion of the acquisition of the remaining 12.05% stake in Gennova Biopharmaceuticals for ₹231.87 crore, making it a wholly-owned subsidiary.
• Gabriel India: The board has approved the acquisition of a 30% minus one share stake in HL Klemove India for approximately $98.44 million, aimed at expanding its presence in the ADAS and electronic braking segments.

📍 JOINT VENTURE

• Sona BLW Precision Forgings (Sona Comstar): The company has signed definitive agreements with DENSO to establish two new joint ventures in India focused on EV and hybrid powertrain components.

📍 IPO & LISTING

• Xtranet Technologies: The ₹166.80 crore mainboard IPO opens for public subscription today, July 23, with a price band of ₹120 to ₹127 per share. The issue is entirely a fresh issue of shares.

📍 FUNDRAISING

• ARSS Infrastructure Projects: The Board of Directors is scheduled to meet today to consider and approve various fundraising options to support ongoing projects.
• Aye Finance: The company’s board will meet today to deliberate on raising funds through the private placement of rated, senior, listed, and secured non-convertible debentures (NCDs).
• Inox Green Energy Services: The board has approved a proposal to raise up to ₹600 crore through various financial instruments to deleverage its balance sheet.

📍 DIVIDEND

• Ex-Dividend Today: Several major companies are trading ex-dividend today, including Pidilite Industries (₹16/share), ICRA (₹40/share), Oberoi Realty (₹2/share), Esab India (₹24/share), and Afcons Infrastructure.

📍 MANAGEMENT CHANGE

• Oracle Financial Services Software: Appointed Avadhut Ketkar as the new Managing Director & CEO for a three-year term effective July 24, following the resignation of Makarand Padalkar. Manish Bhandari has been named the Chief Financial Officer.

TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News

Tags: India Daybook Stocks in News Corporate News Stock Market Company News