Top stocks to watch on July 30: NTPC, JSW Steel, HCL Tech, Asian Paints, Nestle India, Cyient, Muthoot Microfin and more in focus
Indian equities are expected to open with a positive bias on Tuesday, July 30, amid a flurry of earnings announcements, regulatory updates, and corporate actions. A wide range of companies are in focus following Q1FY26 results, joint ventures, capacity expansion, and M&A moves. Here's a look at the key stocks likely to move today:
Cyient has incorporated a new unit — Cyient Semiconductors — in Singapore, signaling a strategic international expansion in semiconductor design and solutions.
Intellect Design Arena launched its AI-based Emach.ai platform for banks in South Africa, potentially opening up a new revenue stream from fintech exports.
Muthoot Microfin announced its expansion into Northeast India, beginning operations in Assam as part of its financial inclusion drive.
MRC Agrotech said its Agronica Seeds unit has produced 447 metric tons of premium wheat seeds, enhancing its position in agri-input markets.
GAIL (India) Ltd is in focus after entering into a joint venture with Rajasthan Rajya Vidyut Utpadan Nigam. This follows recent brokerage optimism and developments around transmission tariff hikes.
TARC Ltd secured a registration certificate for its high-end residential project 'TARC Trigun' in Chattarpur, New Delhi — a key step toward project execution.
HCL Technologies has partnered with Pearson to develop AI-driven learning products, aimed at reducing global skill gaps.
Fermenta Biotech received a suitability certificate from the European Directorate for its spray-dried vitamin D3 variant, opening up growth opportunities in international markets.
Asian Paints reaffirmed its operating margin guidance of 18–20%, giving confidence to investors about steady profitability.
Defence stocks may stay active after Prime Minister Modi reiterated the government's increased focus on procurement and indigenous production.
JSW Steel may see relief buying as the Supreme Court agreed to hear its review petition related to the scrapped resolution plan.
IOC gained PNGRB approval to develop a City Gas Distribution network in Andaman & Nicobar Islands.
Among earnings movers: NTPC reported a Q1 net profit of ₹4,774 crore, below Street estimates of ₹4,912 crore. Revenue came in at ₹42,572 crore versus the forecast of ₹45,441 crore.
L&T reported a net profit of ₹3,617 crore (YoY growth from ₹2,786 crore), with revenue rising 15% YoY to ₹63,678 crore.
Piramal Enterprises posted strong YoY growth in Q1 PAT at ₹276 crore vs ₹181 crore; revenue grew to ₹2,642 crore.
Welspun Corp saw its net profit jump to ₹349.16 crore from ₹247.94 crore YoY, with revenue at ₹3,551.49 crore.
Jagran Prakashan, ASK Automotive, J. Kumar Infraprojects, and International Gemmological Institute also posted strong quarterly results.
Meanwhile, Nestle India set August 8 as the record date for its 1:1 bonus issue.
Among dividend stocks going ex-date today are Aurionpro Solutions, BASF India, Cravatex, EIH Ltd, Hawkins Cookers, JB Chemicals, and VRL Logistics. Those going ex-date tomorrow include BPCL, Godrej Agrovet, Coforge, and Usha Martin, among others.
Also in regulatory focus, IND-Swift Laboratories announced the approval of its amalgamation with IND-Swift, and Polychem disclosed a ₹29 crore property sale by its subsidiary.
Disclaimer: The above article is for informational purposes only and is based on publicly available information, company announcements, and brokerage reports. It does not constitute investment advice or a recommendation. Readers are advised to consult their financial advisors and conduct their own due diligence before making any investment decisions.
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Arunika Jain, a graduate in Mass Communication, brings a fresh perspective to the world of journalism. Arunika has a passion for writing finance and corporate news at BusinessUpturn.com. You can write to her at [email protected]
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