Key Stocks to Monitor on April 24: Reliance, Infosys, and More
Stocks to Watch today, Apr 24: RIL, Infosys, Hindustan Zinc, Cyient, Dabur
Business Standard
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On April 24, Indian equity markets are expected to open higher following a ceasefire extension between Israel and Lebanon. Key stocks to watch include Reliance Industries, Infosys, and Hindustan Zinc, with several companies reporting quarterly earnings amid mixed performances in Asian markets.
- 01Indian markets likely to open higher after positive international news.
- 02Infosys reported a 20.9% year-on-year increase in net profit for Q4FY26.
- 03Cyient's net profit fell sharply, while Himadri Speciality Chemical saw a significant increase in profits.
- 04Dabur appointed a new CEO for its India operations.
- 05Several companies, including Reliance and Hindustan Zinc, are set to announce quarterly results.
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On April 24, Indian equity markets are poised to open higher, buoyed by US President Donald Trump's announcement of a three-week ceasefire extension between Israel and Lebanon. At 7:47 AM, GIFT Nifty futures were up by 85 points, trading at 24,248. Asian markets showed mixed results, with Japan's Nikkei gaining 0.64% while South Korea's Kospi and mainland China's CSI 300 experienced slight declines. Key companies reporting quarterly earnings include Reliance Industries, Infosys, and Hindustan Zinc. Infosys reported a 20.9% year-on-year increase in net profit for Q4FY26, reaching ₹8,501 crore ($1.03 billion USD), with revenue growing 13.4% to ₹46,402 crore ($5.6 billion USD). However, the company projected a modest revenue growth of 1.5-3.5% for FY27, down from the previous year's guidance. In contrast, Cyient's net profit dropped to ₹54.8 crore ($6.6 million USD), while Himadri Speciality Chemical's profit surged by 33.49% to ₹207.53 crore ($25 million USD). Other notable mentions include Mahindra Logistics returning to profit and Dabur's new CEO appointment.
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The earnings reports from major companies like Infosys and Reliance will influence investor sentiment and market trends, potentially impacting stock prices and investment decisions.
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More about Infosys
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