On July 22, Indian equity benchmarks ended marginally lower. The BSE Sensex slipped 13.53 points or 0.02% to close at 82,186.81, while the Nifty 50 fell 29.80 points or 0.12%, ending at 25,060.90.
As of 8:25 AM on July 23, GIFT Nifty futures were trading 29 points higher at 25,168, indicating a mildly positive start to the session.
Let’s look at the key stocks that could move markets on July 23, 2025:
The board of state-owned ONGC has approved a true-up amount of up to ₹5,082 crore to be allocated over FY26–27 by its subsidiaries under ONGC Videsh for the Area 1 Mozambique LNG project. The funds will be disbursed between ONGC Videsh Rovuma and Beas Rovuma Energy Mozambique (BREML), which together hold a 16% stake in the venture.
Paytm’s parent company reported its first-ever quarterly net profit of ₹122.5 crore for Q1 FY26, a dramatic turnaround from a ₹839 crore loss in the same period last year. The result was bolstered by a surge in other income, which rose to ₹241 crore from ₹138 crore, while revenue jumped 27.7% year-on-year to ₹1,917.5 crore.
An institutional investor is planning to offload approximately 3% of its equity in Oberoi Realty through a $230 million block deal. The trade is priced at ₹1,753.2 per share, roughly 4% below the July 22 closing price. The identity of the selling party has not been disclosed.
Dixon Technologies posted strong results for Q1 FY26, with revenue growing 95% year-on-year to ₹12,835 crore. This marks the first sub-100% topline growth in five quarters, attributed to volume-led gains in the mobile segment and increased traction from telecom and IT hardware divisions. EBITDA rose 97% YoY to ₹482.4 crore, and net profit increased 69% to ₹225 crore.
IRFC reported an 11% year-on-year increase in Q1 FY26 net profit to ₹1,746 crore, supported by higher income and improved interest margins. Total income for the April–June quarter rose to ₹6,918 crore from ₹6,766 crore a year ago.
Hyundai Motor India has received a tax demand of ₹517 crore from GST authorities. The notice includes ₹258 crore in compensation cess and an equal amount in penalties. The issue relates to alleged underpayment on certain SUV models sold between September 2017 and March 2020.
United Breweries posted a 6.4% year-on-year increase in Q1 FY26 net profit to ₹184 crore. While the bottom line missed expectations, revenue from operations rose 15.8% year-on-year to ₹2,863 crore.
With Q1 FY26 earnings season in full swing, companies like Paytm and Dixon Technologies are capturing investor attention for their strong financials, while developments around ONGC and Hyundai Motor India point to sector-specific moves. Broader market action is expected to remain driven by stock-specific developments as quarterly results continue to roll in.
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/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 the related documents carefully before investing.
Published on: Jul 23, 2025, 8:39 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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