Top 13 Stocks to Watch on Wednesday, July 23: Key Earnings, Deals, and Board Decisions Driving Market Buzz

As the stock market gears up for Wednesday, July 23, investor attention is set to focus on a curated list of 13 companies. These stocks are expected to show heightened activity, driven by robust quarterly earnings, major block deals, and key board decisions. From tech to infrastructure and banking to realty, here’s a comprehensive look at the top stocks that may offer significant trading opportunities.

1. Dixon Technologies

Dixon Technologies reported a strong Q1 performance with a 68.3% YoY surge in net profit to ₹225 crore, compared to ₹133.7 crore last year. The company's total revenue nearly doubled to ₹12,836 crore from ₹6,580 crore. EBITDA shot up 94.8% to ₹483 crore, while the EBITDA margin remained steady at 3.8%.

2. Cyient DLM

Cyient DLM posted a 29.6% drop in net profit, down to ₹7.5 crore from ₹10.6 crore last year. However, revenue rose 8% to ₹278.4 crore. EBITDA grew 25% to ₹25 crore, and margins improved to 9% from 7.8%.

3. JSW Infrastructure

JSW Infra reported a 31.5% rise in net profit for Q1 FY26, reaching ₹384 crore. Operational revenue increased by 21.2% to ₹1,224 crore, and total income stood at ₹1,314 crore. EBITDA also climbed 10% to ₹671 crore, supported by robust cargo volume and growth in third-party business.

4. Dalmia Bharat Ltd

Cement major Dalmia Bharat posted a stellar 171% jump in net profit to ₹393 crore in Q1, compared to ₹145 crore in the same quarter last year. However, the results slightly missed market expectations.

5. Zensar Technologies

Zensar Technologies reported a modest 3.4% growth in net profit to ₹182 crore. Revenue rose 2% to ₹1,385 crore. EBIT, however, dipped slightly to ₹188 crore, and margins narrowed from 13.6% to below 13.9%.

6. KEI Industries

KEI Industries registered a solid Q1 with net profit climbing to ₹196 crore from ₹150 crore. Revenue increased to ₹2,590 crore from ₹2,065 crore. EBITDA rose to ₹258 crore, though margins slipped to 10% from 10.4%.

7. Paytm (One97 Communications)

Paytm reported a profit of ₹122.5 crore in Q1, bouncing back from a ₹839 crore loss in the same quarter last year. Revenue surged 27.7% to ₹1,917.5 crore. EBITDA stood at ₹71.5 crore, and other income was ₹241 crore.

8. Jana Small Finance Bank

Jana Small Finance Bank posted a 40.4% drop in profit to ₹102 crore. Net interest income declined by 2.4% to ₹595 crore. Gross NPA rose slightly to 2.91%, while Net NPA held steady at 0.94%.

9. Shyam Metalics

Shyam Metalics posted a 5.9% increase in profit to ₹292.2 crore and a 22.4% rise in revenue to ₹4,419 crore. EBITDA jumped 19% to ₹579.8 crore, although the margin narrowed to 13.1% from 13.5%.

10. CreditAccess Grameen

CreditAccess Grameen's profit declined sharply to ₹60.2 crore from ₹398 crore. Revenue dropped to ₹1,464 crore, while net interest income fell to ₹906 crore from ₹927 crore.

11. Oberoi Realty

Oberoi Realty is expected to see a ₹1,920 crore block deal on Wednesday, equivalent to a 3% stake. The floor price has been set at ₹1,753.20 per share—4% lower than the current market rate.

12. Lodha Developers

Lodha Developers may witness a block deal worth around ₹1,375 crore, representing nearly 1% of its equity. The floor price for the deal is ₹1,384.60 per share, which is 4% below market price.

13. ONGC

The board of ONGC has approved a funding plan of up to ₹5,082 crore for its subsidiary in the Mozambique Area 1 LNG project during FY26-27. This investment will be made as a "true-up" adjustment.

Investor Caution Advised

While these stocks offer potential for strong gains, market investments are subject to risks. Investors are advised to consult financial experts before making decisions.

Disclaimer: The above content is meant for informational purposes only. Investment in the stock market is subject to risk, and readers are encouraged to seek expert advice before making financial commitments. Neither this article nor its publisher recommends any specific investment action.