As markets reopen, investors will have their eyes on some of India’s top companies following their Q1FY26 results. From heavyweights like Reliance Industries and HDFC Bank to key names in banking, metals, and cement, here is a quick look at the stocks likely to be in focus today.
Market recap
Indian equity benchmarks ended in the red on July 18, weighed down by broad-based selling across sectors. The Sensex declined 501.51 points, or 0.61%, to settle at 81,757.73, while the Nifty fell 143.05 points, or 0.57%, closing below the key 25,000 mark at 24,968.40.
Stocks to watch on July 21, 2025
Reliance Industries
Reliance Industries delivered a sharp 78.3% year-on-year jump in its consolidated net profit, which stood at Rs 26,994 crore for Q1FY26. The company also posted a 39.1% sequential growth compared to the previous quarter. Its consolidated revenue rose 6% to Rs 2.73 lakh crore, driven by a strong performance across its oil-to-chemicals, telecom (Jio), and retail businesses.
HDFC Bank
HDFC Bank posted a mixed performance. While consolidated net profit dipped 1.31% YoY to Rs 16,258 crore, standalone net profit rose 12.2% to Rs 18,155 crore. Total income jumped to Rs 99,200 crore, supported by a 5.4% YoY rise in Net Interest Income (Rs 31,438 crore). However, net interest margin (NIM) narrowed to 3.35% from 3.46%. The bank saw a boost in non-interest income, which more than doubled to Rs 21,729 crore to Rs 9,128 crore in gains from the HDB Financial Services IPO.
ICICI Bank
ICICI Bank reported a 15.5% year-on-year rise in net profit to Rs 12,768 crore for the June quarter. Its Net Interest Income also grew 10.6% to Rs 21,635 crore.
JSW Steel
JSW Steel surprised the Street with a 155% year-on-year surge in net profit to Rs 2,209 crore for Q1FY26. This also marks a 47% jump sequentially, due to factors such as improved pricing and higher volumes.
Yes Bank
Yes Bank continued its recovery path, with net profit rising 59% year-on-year to Rs 801 crore. Net Interest Income was up 5.7% YoY at Rs 2,371 crore, aided by a decline in funding costs. NIM improved to 2.5%.
Bandhan Bank
Bandhan Bank saw its Q1 net profit drop 65% YoY to Rs 372 crore, due to higher provisions and asset quality pressures. However, total income was slightly higher at Rs 6,201 crore versus Rs 6,081 crore a year ago.
Dr. Reddy’s Laboratories
Pharma major Dr. Reddy’s Laboratories came under the scanner of the US drug regulator, which issued a Form 483 with seven observations. These observations followed a Good Manufacturing Practices (GMP) and Pre-Approval Inspection at the company’s FTO 11 facility in Srikakulam, Andhra Pradesh. While the exact nature of the concerns was not disclosed, the company has assured that it will respond and address all issues within the required timeframe.
JK Cement
JK Cement posted a 75% YoY jump in net profit at Rs 324 crore for Q1FY26. Revenue also rose 19% to Rs 3,352 crore.
IRCON International
IRCON International, the government-backed infrastructure firm, secured a major win with a Rs 755.78 crore railway contract from Rail Vikas Nigam Limited (RVNL). The project, based in Madhya Pradesh, was awarded to a joint venture with JPWIPL, where IRCON holds a 70% stake. That translates to an order share of Rs 529.04 crore for IRCON.
L&T Finance
L&T Finance Holdings reported a steady performance in Q1FY26, posting a net profit of Rs 701 crore, a 10% growth sequentially and 2% increase year-on-year. The company credited its performance to healthy expansion in its retail loan book, which grew 18% YoY to nearly Rs 1 lakh crore. Its profitability metrics remained strong with a Net Interest Margin plus Fees at 10.22%.
Other stocks in focus
A bunch of other companies are also on investors radar as they announced their Q1 results in the previous week. Banking names like RBL Bank, Central Bank of India, Punjab & Sind Bank, and AU Small Finance Bank are in focus as they released their quarterly performance.
In the broader markets, firms such as IndiaMART InterMESH, Mangalore Refinery and Petrochemicals, Mastek, Aarti Drugs, and Hatsun Agro Products also reported their Q1 earnings
Apart from earnings, Realty major Kalpataru shares will also be in focus today as the company reported a 41% growth in pre-sales to Rs 4,531 crore for the last fiscal.
Another stock in the spotlight today is Sona BLW Precision Forgings (Sona Comstar) as the company has announced a joint venture with China-based Jinnaite Machinery to manufacture driveline systems for automotive OEMs globally.
Earning watchlist today
A host of companies are slated to report their results today, July 21. Key names on the radar include Havells India, CRISIL, Oberoi Realty, IDBI Bank, and PNB Housing Finance, all of which could see stock-specific action depending on their performance.
Other companies scheduled to announce their financials include Eternal, Andhra Cements, Bansal Wire Industries, Choice International, CIE Automotive India, Control Print, DCM Shriram, Dhanlaxmi Bank, Latent View Analytics, Parag Milk Foods, Netripples Software, Purple Finance, and Lynx Machinery & Commercials.