Stocks to Watch April 24: Infosys, IEX, Cyient Q4

Several stocks were in focus on April 24 as quarterly earnings, board actions, and stock-specific triggers shaped intraday moves. The session spotlighted a mix of outcomes, from profit growth at Indian Energy Exchange to a steep earnings drop at Cyient. Infosys also stayed in the headlines after hitting a 52-week low even as it reported a profit increase and commentary around margins and guidance remained under watch. Alongside these, Rolex Rings drew interest after announcing a buyback plan, while Mahindra Logistics saw selling pressure despite returning to profitability.

Indian Energy Exchange rises after Q4 profit and revenue growth

Indian Energy Exchange (IEX) shares edged up 0.5% after the company reported its March-quarter results. Net profit rose 10.8% year-on-year to ₹129.8 crore. Revenue increased 22.5% to ₹174.3 crore. The market reaction suggested investors were tracking the pace of growth across the company’s earnings line items. The move was modest, but it placed IEX among stocks being actively watched due to earnings-led catalysts.

Cyient drops 2% as Q4 profit falls 65%

Engineering and technology services firm Cyient saw its shares decline 2% following a weak earnings print. The company reported a sharp 65% drop in Q4 profit to ₹65.5 crore. In the year-ago quarter, profit had been ₹186.4 crore. The scale of the decline stood out among the day’s results-driven stock reactions, and the immediate price response reflected that investors were reassessing the near-term earnings trajectory based on the reported numbers.

Infosys hits 52-week low despite profit growth

Infosys shares fell to a 52-week low of ₹1,198.80 even as the company beat Street estimates, according to the information provided. Net profit rose 28% quarter-on-quarter to ₹8,501 crore. Separately, a share price update in the same data set said that as of 23 Apr 2026 (12:59 PM IST), Infosys share price was ₹1,250.40 and down 1.44% versus the previous closing price of ₹1,313.2.

Price action and results commentary also featured prominently around Infosys. Another update said the stock settled 2.21% lower at ₹1,240.60 on the NSE ahead of its Q4 results (timestamped Apr 23, 2026, 15:53 IST). A separate line noted that ahead of the Q4 result announcement, Infosys shares closed 3.4% lower at ₹1,268 on April 22.

Infosys returns table shows sustained pressure

The data included a return snapshot for Infosys that underlined weakness across multiple time frames. The stock was down 1.39% over 1 day and down 5.17% over 1 week. Over 3 months, it was down 25.13%, and over 1 year it was down 15.18%. Longer-term numbers showed a 3-year return of 1.93% and a 5-year return of -6.21%. Another line in the same material said the shares have fallen nearly 16% in the last 12 months and 23.2% year-to-date, indicating continued volatility and drawdowns in the counter.

IT sector context: revenue trends and a weak index

The broader IT backdrop in the provided material highlighted mixed revenue growth, partly affected by currency and demand cues. It stated that despite pressure on dollar revenues, reported revenue growth remained steady. TCS was cited as leading with a 5.4% sequential rise in revenue to ₹70,698 crore. Infosys posted a 2% year-on-year increase in revenue to ₹46,402 crore. Wipro reported Q4 revenue of ₹24,236 crore, up 3% sequentially.

The same set of updates also pointed to a wider sector pullback, stating the NIFTY IT index was down nearly 20% year-to-date. This context mattered because it framed why even positive profit surprises could coincide with weak stock performance, as investors weighed guidance, demand signals, and sector sentiment.

Rolex Rings gains after buyback approval

Rolex Rings gained 1% after its board approved a share buyback worth up to ₹180 crore. The buyback price was set at ₹180 per share. The plan involved repurchasing up to 1 crore equity shares. Such corporate actions typically draw attention for their signalling effect and for the implied price support level, and the stock’s move suggested the announcement was a near-term trading trigger.

Mahindra Logistics falls 4% despite return to profitability

Mahindra Logistics shares dropped 4% even as the company returned to profit in Q4. It reported a net profit of ₹20.19 crore versus a loss of ₹6.75 crore in the same period last year. The decline despite a swing back into the black indicated investors were focusing on factors beyond the headline profit change, including how sustainable earnings momentum may be, though no additional operational detail was provided in the material.

Key numbers at a glance

Market impact and what investors tracked

The day’s stock-specific moves showed how sharply prices can diverge even within a single earnings cycle. IEX drew a positive reaction on profit and revenue growth, while Cyient was marked down after a steep profit fall. Infosys remained a key sentiment gauge for the IT pack, with its 52-week low coming alongside a reported quarter-on-quarter profit increase to ₹8,501 crore and a return profile that has remained weak over 3 months and 1 year. Rolex Rings’ buyback announcement was a separate corporate-action catalyst, while Mahindra Logistics’ decline despite returning to profit reinforced that the market was selectively pricing in results.

Conclusion

April 24’s focus list reflected a market reacting quickly to earnings deltas and board decisions. With Infosys and other IT majors in the spotlight amid a weak sector backdrop, the next set of guidance and follow-through price action is likely to remain central to trading interest.