Top stocks in focus today, July 23: Paytm, Dixon Technologies, Dalmia Bharat, Hyundai Motor, Ideaforge and more

As the Indian stock markets open on July 23, investor attention will be drawn to a number of companies that have released their April-June quarter updates, announced fresh contracts, or made regulatory disclosures. Here’s a straightforward rundown of why these stocks could see activity in today’s trade:

Paytm: The company has reported its first-ever operating profit. Management also signaled potential for a notable increase in margins going forward. This marks a key operational milestone for the digital payments player.

Dixon Technologies: The contract manufacturer delivered in-line Q1 results. Strong contribution from the mobile segment helped push EBITDA up 94% year-on-year.

KEI Industries: Q1 revenue rose 26% YoY, ahead of the company’s full-year growth guidance of 17–18%. Investors will watch for whether this momentum sustains.

IRFC (Indian Railway Finance Corporation): Net interest income (NII) and pre-provision operating profit (PPoP) rose 11% each, while net interest margin (NIM) improved 11 basis points sequentially to 1.53%.

Dalmia Bharat: Despite subdued volumes, the cement maker saw EBITDA per tonne touch a 16-quarter high of ₹1,261.

CreditAccess Grameen: Posted an in-line Q1 with stable asset quality. Credit cost declined 43 bps QoQ, reflecting improved risk metrics.

United Breweries: Revenue and premium segment volumes came in above estimates. Overall volume growth stood at 11% YoY.

JSW Infrastructure: Revenue rose 21% YoY, and the company reiterated its FY26 guidance.

Zensar Technologies: Constant currency revenue grew 1.9% QoQ and 3.8% YoY, suggesting steady momentum in its core operations.

Huhtamaki India: EBITDA rose 34% and margins expanded by 200 bps YoY. The packaging solutions firm showed operational efficiency improvements.

Alpex Solar: Secured a fresh order worth ₹230 crore for supply of solar modules. The order could support near-term revenue visibility.

Kirloskar Ferrous: Emerged as the preferred bidder for an iron ore mine in Karnataka following a recent e-auction.

Oberoi Realty: Block deals involving up to 3% stake are likely, with a floor price set at ₹1,753.20 per share. This could result in short-term stock movement.

Macrotech Developers (Lodha): Another block deal may be in the works, with 1% stake sale at a floor price of ₹1,384.60 per share.

Ideaforge: Q1 was weak, with revenue down 85% YoY and 37% QoQ. The company reported an EBITDA loss of ₹15 crore.

Hyundai Motor India: The company has received a GST demand notice amounting to ₹517 crore for non-payment of compensation cess.

Cyient DLM: Mixed quarterly results with both revenue and profit missing expectations. However, margins showed improvement sequentially.

Jana Small Finance Bank: Net profit declined 40% YoY and NII was down 2%. Gross NPAs ticked up to 2.9% from 2.7% in the previous quarter.

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