Stocks to Watch Today: HCL Tech, Dr Reddy’s Labs, HEG and Others (July 23, 2026)

Indian benchmark indices are likely to witness stock-specific action today as investors react to quarterly earnings, strategic acquisitions and business developments announced by several listed companies. 

Market participants will closely monitor earnings performance, business expansion initiatives and technology partnerships, which could influence trading sentiment across multiple sectors. 

HCL Technologies Ltd 

HCLTech has been selected by TIM Brasil to enable South America's first cross-platform eSIM transfer capability. The digital solution is expected to enhance the mobile connectivity experience for millions of users in Brazil while strengthening HCLTech's presence in advanced telecommunications services. 

Dr Reddy’s Laboratories Ltd 

Dr Reddy’s Laboratories reported a mixed set of first-quarter results. Consolidated net profit declined 69% year-on-year to ₹443.5 crore from ₹1,417.8 crore, while revenue slipped 6% to ₹8,070.5 crore. North American revenue fell sharply by 35% to ₹2,204.8 crore, and EBITDA declined 55.7%, with the EBITDA margin narrowing to 12.5% from 26.7% a year earlier. 

Rubicon Research Ltd 

Rubicon Research announced the acquisition of a manufacturing facility in East Brunswick, New Jersey, from InvaTech Pharma Solutions for an enterprise value of ₹249.4 million (approximately $2.9 million). The acquisition establishes the company's manufacturing footprint in the United States and supports its long-term growth strategy. 

HEG Ltd 

HEG posted healthy first-quarter earnings, with consolidated net profit rising 16.7% year-on-year to ₹122.3 crore. Revenue increased 11.1% to ₹680.8 crore, reflecting steady operational performance. 

Read More: Canara Robeco AMC Share Price Gains Over 11% After Q1 FY27 Earnings Results: Total Income Up 20% YoY! 

Oracle Financial Services Software Ltd 

Oracle Financial Services Software delivered robust quarterly earnings. Consolidated net profit surged 120.5% year-on-year to ₹1,415.5 crore, while revenue climbed 68.7% to ₹3,125.2 crore, indicating strong business momentum. 

NTPC Green Energy Ltd 

NTPC Green Energy reported strong financial performance during the first quarter. Consolidated net profit increased 38.3% year-on-year to ₹304.8 crore, while revenue grew 62.7% to ₹1,106.9 crore, supported by higher renewable energy generation. 

IIFL Finance Ltd 

IIFL Finance reported a sharp improvement in its quarterly performance. Consolidated net profit jumped 189.3% year-on-year to ₹675.1 crore, while net interest income increased 54.8% to ₹2,003.9 crore. Impairment on financial instruments declined 42.6%, reflecting improved asset quality. 

Tanla Platforms Ltd 

Tanla Platforms delivered strong first-quarter results, with consolidated net profit rising 20.1% year-on-year to ₹142.2 crore. Revenue increased 17.8% to ₹1,226.4 crore, supported by continued growth in its communications platform business. 

Other Stocks in Focus 

Several companies, including Infosys, InterGlobe Aviation, Cipla, Mphasis, Chennai Petroleum Corporation, Cyient, Indian Energy Exchange, PVR Inox, Sona BLW Precision Forgings, Thyrocare Technologies and Ujjivan Small Finance Bank, are also scheduled to announce their quarterly earnings today and are expected to remain on investors' radar. 

Conclusion 

Quarterly earnings, strategic technology partnerships, overseas acquisitions and improving financial performance are likely to drive stock-specific movements in today's trading session, with investors closely tracking corporate announcements across technology, pharmaceuticals, financial services and renewable energy sectors. 

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks. Read all related documents carefully before investing. 

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