Stocks to Watch on July 21: Reliance, HDFC Bank, ICICI Bank, and More Post Strong Q1 Results
Reliance, HDFC Bank, ICICI Bank lead Q1 earnings rally; pharma, banking, and infra stocks in focus as markets gear up for July 21 session.
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Indian markets are buzzing with earnings momentum as several major companies reported their Q1 FY26 results. Reliance Industries led the pack, posting a 76% year-on-year profit surge to ₹26,994 crore, driven by consumer segment growth and a one-time gain from its Asian Paints stake sale. HDFC Bank also impressed, beating profit estimates and declaring a 1:1 bonus share and ₹5 interim dividend.
ICICI Bank followed suit with a 15.4% profit jump, while Yes Bank saw a remarkable 57% rise in net profit. Other banks like Union Bank, Punjab & Sind Bank, and AU Small Finance Bank posted mixed but largely positive results. However, RBL Bank and Central Bank reported weaker top-line figures.
Among corporates, JSW Steel’s net profit more than doubled due to lower expenses. JK Cement and IndiaMART reported strong operating performances, while Mastek and Aarti Drugs posted healthy profit growth. In contrast, MRPL slipped into losses due to weak refining margins, and Dr. Reddy’s faced scrutiny from the USFDA with a Form 483 notice.
Infrastructure major IRCON won a ₹755 crore railway project, and Firstsource Solutions announced an acquisition in the UK to boost its credit recovery services. Hatsun Agro declared a ₹6 interim dividend after modest profit growth.
These developments make the listed companies top picks for investors to track as trading resumes on Monday.
