Many companies have shared their results for April–June and provided updates on their major business developments. Some reported higher profits, some raised capital, and others received new orders. These updates could affect their stock prices today. Investors are closely watching these companies to see what comes next. The news spans various sectors, including banking, pharmaceuticals, defense, and energy. It provides a clear picture of how these businesses are performing and what their future might hold. If you track the stock market, these are the key companies to watch on July 24.
Stock Market on July 24
Bajaj Housing Finance
Bajaj Housing Finance performed well in the June quarter. Its interest income rose 33% to Rs 887 crore, and profit increased by 21% to Rs 583 crore. The company also maintained very low debt loans, with gross NPAs at just 0.3%. The company’s loan book looks healthy, and investors may view this as a sign of stable growth.
Inox Wind
Inox Wind will raise Rs 1,249 crore by offering more shares to its existing investors. The funds will help reduce debt and support plans.
BEML
BEML has secured a fresh order worth Rs 293.82 crore from the Ministry of Defence. The contract involves supplying military vehicles designed for transport and logistics operations. This order adds to its defence portfolio and could boost its stock.
Natco Pharma
Natco Pharma plans to acquire nearly 36% of Adcock Ingram, a pharmaceutical company in South Africa. The deal is worth around Rs 2,000 crore and will help Natco grow its international business. This move could expand Natco’s global presence and help it reach new customers.
IndusInd Bank
IndusInd Bank has announced plans to raise Rs 30,000 crore as part of its expansion strategy. Of this, Rs 20,000 crore will be raised through debt, and the remaining Rs 10,000 crore through equity options like QIP or GDR. The bank aims to use these funds to expand lending and strengthen overall operations.
