Top 12 StockToWatch: Paytm, JSW Infra, Colgate, Dixon Tech.

Top brokerage firms have identified their top stock picks for July 23 2025 after the latest quarterly results of key corporates. Stocks are Paytm Share Price, JSW Infra Share Price, Oberoi Realty Share Price, ONGC Share Price, Hyundai Motor Share Price, IRFC Share Price, Infosys Share Price, Colgate Share Price, Dixon Tech Share Price, ZEEL Share Price, Zensar Share Price and PNB Housing Share Price. Here's what leading brokerages have to say about the stocks and target prices.

Q1 FY26 Results Performance Summary

1. Paytm Share Price Target and Performance

Motilal Oswal has maintained a Neutral rating for One97 Communications, the owner of the Paytm brand. The brokerage raised its target price to ₹1,025 from ₹1,000.

Key Highlights:

• Paytm posted its first-ever quarterly profit of ₹123 crore for Q1 FY26, compared to a massive loss of ₹839 crore in the year-ago period. 

• Revenue grew strongly, rising 28% year-on-year to ₹1,918 crore.

• The profit came from better cost controls and productivity via AI.

• Gross Merchandise Value (GMV) recovery was better than expected.

This is an important historical turnaround for the digital payments company that struggled with losses since its listing on the stock market.

2. JSW Infra Share Price Target and Performance

Motilal Oswal retains a Buy rating on the JSW Infrastructure shares with a revised target price of ₹380 from ₹370.

Performance Update:

• Q1 results were in line with expectations

• Net profit increased 31% y/y to ₹390 crore

• Revenue 21% y/y to ₹1,224 crore

• Cargo volumes up 5% due to coal operations and container terminals

JSW Infrastructure is rapidly expanding its port and logistics operations with guidance of ₹5,500 crore in FY2026 capex.

3. ONGC Share Price Target and Performance

Oil and Natural Gas Corporation (ONGC) is the darling of energy investors. Recent analysis shows brokerages have an average share price target of ₹303 for ONGC. 

Key Investment Points:

• Market cap of ₹3,10,041 crore with good revenue of ₹6,63,262 crore

• Government shareholding of 58.9% brings stability

• Petroleum exploration focus with green energy transition and exploration

• Will benefit from increased crude oil prices

Recent Performance:

• In the previous quarter, ONGC showed net profit of ₹8,938 crore with gross revenue of ₹35,266 crore 

• 5 new discoveries in the year to date

• ONGC has a long-standing track record of paying good dividends

4. Hyundai Motor Share price Target and Performance

Hyundai Motor India has demonstrated impressive operational performance with 13% year-on-year growth in exports in Q1 FY26, exporting 26.7% of total sales amounting to 48140 units. 

Growth Drivers:

• Strong domestic and export demand

• New model launches scheduled for FY26

• Expansion in electric vehicle segment

• Strong after-sales service network

 

The company is expected to announce Q1 FY26 results shortly as analysts anticipate robust performance with higher volumes, and improved margins.

5. IRFC Share Price Target and Performance

The Indian Railway Finance Corporation (IRFC) is a crucial infrastructure financing stock, with support from the government.

Investment Highlights:

• Monopoly on the railway finance sector Strong government support and projects guaranteed.

• Consistent dividends paid Diversified and low-risk business model with guaranteed returns.

IRFC will be announcing results for Q1 FY26 this week, and analysts expect a strong performance due to increased spending by the railway infrastructure sector.

6. Infosys Share Price Target and Performance

On July 23, Infosys is set to report its financial results for Q1 FY26, making it one of the most observed stocks today.

Analyst Expectations:

• Steady revenue growth supported by digital transformation deals

• Margin improvement through operational efficiency

• Strong deal pipeline in cloud and AI services

• Guide for FY26 a focus

The IT giant's results will lead the entire IT sector and highlight trends in global technology spending.

7. Oberoi Realty Share Price Target and Performance

Antique has kept Oberoi Realty shares in Buy rating with a higher target of ₹ 2,269 previously ₹ 2,180. Q1 was a positive quarter for the real estate firm and all eyes are on launches in H2.

Motilal Oswal had a neutral rating and updated the target price to ₹ 1,878 previously ₹ 1,850 but revenue fell short of expectations on lower-than-expected collections, but presales were stable.

Future Prospects:

• Rental EBITDA is expected to exceed ₹1,000 crore in FY2026 

• Westin hotel is forecast to generate ₹80+ crore EBITDA 

• Strong supply of property launches in H2 FY26

8. Dixon Tech Share Price Target and Performance

Dixon Technologies saw an astounding 68.3% year on year increase in profit, ending with profits of ₹225 crore upon reporting, and a 95% increase in revenue closing the quarter at ₹12,835.7 crore during Q1 FY26.

Nuvama has a Hold rating with a target price of ₹16,100, and Motilal Oswal has a Buy rating with a target price of ₹22,100.

Growth Drivers:

• Joint venture with Longcheer and Vivo is driving volume growth

• Strong growth end of 33% revenue CAGR for FY25F – FY28F

• Growth in electronics manufacturing

• Benefits under PLI scheme (ending March 2026)

9. ZEEL Share Price Target and Performance

ZEE Entertainment is still struggling with weak ad revenue. Nuvama maintains a Buy with a reduced target price of 171, while Motilal Oswal has a Neutral rating with a target of 135. 

Key Concerns:

• Weakness in ad revenue sustained

• FY26E/FY27E profit earnings estimates reduced by 13% and 6% respectively

• Growth is affected by muted ad spend

10. Zensar Share Price Target and Performance

Motilal Oswal has a Neutral rating with target price at ₹750 while Antique has a Buy rating with target price at ₹875.

Financial Projections:

• EBITDA margin expected at 15.5% in FY2026

• Profit CAGR expected at ~10% over FY25-27

• Good deal momentum but longer conversion cycles

11. PNB Housing Share Price Target and Performance

Motilal Oswal recommends a Buy with price target of ₹1,300.

Growth Outlook:

• Retail loan book expected to perform at 18% CAGR from FY25-27

• Stable Net Interest Margins

• Strong execution capabilities from management

12. Colgate Share Price Target and Performance

Motilal Oswal has kept a neutral view but cut the target price to ₹2,550 from ₹2,650.

Performance Summary:

• Weak Q1 performance with muted outlook

• Rural markets outperformed urban markets

• Focus on premiumisation and investments in brands

• The premium segment continues to show growth

Investment Strategy and Market Outlook

The brokerage recommendations provide mixed sentiments across sectors. Technology, infrastructure, and select financial stocks are getting positive ratings while traditional FMCG and media sectors struggle. 

Sector-wise Outlook:

• Technology : Infosys and Dixon Tech showing potential for growth 

• Infrastructure : Both JSW Infra and IRFC will benefit from government spending 

• Energy : ONGC is well positioned if oil prices recover 

• Auto : Hyundai Motor is exhibiting export strength 

• Real Estate : Oberoi Realty is maintaining premium positioning

Disclaimer : This analysis is for educational purposes and not financial advice. Please consult a financial advisor before making investment decisions.

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