Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, and order wins, here’s a quick look at which stocks will be in focus in today's trade:
Coal India, Tata Steel, ACC, Canara Bank, Union Bank of India, Adani Total Gas, Aditya Birla Sun Life AMC, Apollo Pipes, Adani Wilmar, Bajaj Housing Finance, Emami, Federal Bank, Indraprastha Gas, Indian Oil Corporation, Kaynes Technology India, Mahindra Logistics, The New India Assurance Company, Piramal Enterprises, Petronet LNG, RailTel Corporation of India, Sundram Fasteners, Welspun Specialty Solutions, and Wonderla Holidays will release their quarterly earnings scorecard on January 27.
ICICI Bank Q3 (Standalone YoY)
Profit grows 14.8% to Rs 11,792.4 crore Vs Rs 10,271.5 crore
Net interest income rises 9% to Rs 20,370.6 crore Vs Rs 18,678.6 crore
Gross NPA drops to 1.96% Vs 1.97% (QoQ)
Net NPA stands flat at 0.42% Vs 0.42% (QoQ)
Net interest margin drops to 4.25% in Q3FY25, Vs 4.43% in Q3FY24 and 4.27% in Q2FY25
NTPC Q3 (Standalone YoY)
Profit rises 3% to Rs 4,711.4 crore Vs Rs 4,571.9 crore
Revenue grows 4.8% to Rs 41,352.3 crore Vs Rs 39,455.3 crore
EBITDA jumps 20.3% to Rs 11,960.5 crore Vs Rs 9,941 crore
Margin expands by 370 bps to 28.9% Vs 25.2%
NTPC declares commercial operations of Unit 1 (660 MW) of Khurja STPP (2X660 MW) of THDC India
Balkrishna Industries Q3 (Consolidated YoY)
Profit zooms 47.2% to Rs 449.5 crore Vs Rs 305.4 crore
Revenue grows 12.6% to Rs 2,560.3 crore Vs Rs 2,274.4 crore
EBITDA jumps 11.1% to Rs 600.7 crore Vs Rs 540.6 crore
Margin down 30 bps to 23.5% Vs 23.8%
JK Cement Q3 (Consolidated YoY)
Profit sinks 33.2% to Rs 189.6 crore Vs Rs 283.8 crore
Revenue declines 0.2% to Rs 2,930.3 crore Vs Rs 2,934.8 crore
Company to acquire 60% stake in Saifco Cement for Rs 174 crore
IDFC First Bank Q3 (Standalone YoY)
Profit plunges 52.6% to Rs 339.4 crore Vs Rs 715.7 crore
Net interest income jumps 14.4% to Rs 4,902 crore Vs Rs 4,286.6 crore
Provisions and contingencies doubled to Rs 1,337.9 crore Vs Rs 654.8 crore
Gross NPA increases to 1.94% Vs 1.92% (QoQ)
Net NPA rises to 0.52% Vs 0.48% (QoQ)
Yes Bank Q3 (YoY)
Profit zooms 164.5% to Rs 612 crore Vs Rs 231 crore
Net interest income increases 10.2% to Rs 2,224 crore Vs Rs 2,017 crore
Provisions plunge 53.4% to Rs 259 crore Vs Rs 555 crore
Gross NPA unchanged at 1.6% Vs 1.6% (QoQ)
Net NPA unchanged at 0.5% Vs 0.5% (QoQ)
Net interest margin flat 2.4% (YoY) and (QoQ)
InterGlobe Aviation Q3 (Consolidated YoY)
Profit drops 18.3% to Rs 2,448.8 crore Vs Rs 2,998.1 crore
Revenue grows 13.7% to Rs 22,110.7 crore Vs Rs 19,452 crore
EBITDAR rises 10.7% to Rs 6,058.7 crore Vs Rs 5,475.1 crore
EBITDAR margin declines 70 bps to 27.4% Vs 28.1%
JSW Steel Q3 (Consolidated YoY)
Profit tanks 70.7% to Rs 719 crore Vs Rs 2,450 crore
Revenue declines 1.3% to Rs 41,378 crore Vs Rs 41,940 crore
EBITDA drops 22.3% to Rs 5,579 crore Vs Rs 7,180 crore
Margin dips 360 bps to 13.5% Vs 17.1%
Macrotech Developers Q3 (Consolidated YoY)
Profit grows 87% to Rs 944.8 crore Vs Rs 505.2 crore
Revenue jumps 39.3% to Rs 4,083 crore Vs Rs 2,930.6 crore
DLF Q3 (Consolidated YoY)
Profit surges 61.5% to Rs 1,058.7 crore Vs Rs 655.7 crore
Revenue increases 0.5% to Rs 1,528.7 crore Vs Rs 1,521.3 crore
Trident Q3 (Consolidated YoY)
Profit drops 26.7% to Rs 80.1 crore Vs Rs 109.3 crore
Revenue declines 9.2% to Rs 1,667 crore Vs Rs 1,835.3 crore
NTPC Green Energy Q3 (Standalone YoY)
Profit zooms 52.3% to Rs 89.4 crore Vs Rs 58.7 crore
Revenue rises 4.1% to Rs 460.9 crore Vs Rs 442.6 crore
CreditAccess Grameen Q3 (Standalone YoY)
Loss at Rs 99.5 crore Vs Rs 353.4 crore
Net interest income increases 7.4% to Rs 861.7 crore Vs Rs 802.4 crore
Impairment on financial instruments at Rs 751.86 crore Vs Rs 126.20 crore
DCB Bank Q3 (YoY)
Profit grows 19.6% to Rs 151.4 crore Vs Rs 126.6 crore
Net interest income jumps 14.5% to Rs 542.9 crore Vs Rs 474 crore
Gross NPA falls to 3.11% Vs 3.29% (QoQ)
Net NPA rises to 1.18% Vs 1.17% (QoQ)
Bank of India Q3 (Standalone YoY)
Profit jumps 34.6% to Rs 2,516.7 crore Vs Rs 1,869.5 crore
Revenue increases 11.1% to Rs 6,070.3 crore Vs Rs 5,463.5 crore
Gross NPA drops to 3.69% Vs 4.41% (QoQ)
Net NPA declines to 0.85% Vs 0.94% (QoQ)
Torrent Pharmaceuticals Q3 (Consolidated YoY)
Profit grows 13.5% to Rs 503 crore Vs Rs 443 crore
Revenue increases 2.8% to Rs 2,809 crore Vs Rs 2,732 crore
Company announces an interim dividend of Rs 26 per share
Godrej Consumer Products Q3 (Consolidated YoY)
Profit declines 14.2% to Rs 498.3 crore Vs Rs 581 crore
Revenue rises 3% to Rs 3,768.4 crore Vs Rs 3,659.6 crore
EBITDA drops 10.08% to Rs 755.9 crore Vs Rs 840.7 crore
Margin slips to 20.05% Vs 23%
Shakti Pumps Q3 (Consolidated YoY)
Profit spikes 130.3% to Rs 104.05 crore Vs Rs 45.2 crore
Revenue grows 30.9% to Rs 648.8 crore Vs Rs 495.6 crore
EMS Q3 (Consolidated YoY)
Profit grows 35.2% to Rs 50.6 crore Vs Rs 37.4 crore
Revenue jumps 22.9% to Rs 245.3 crore Vs Rs 199.6 crore
Stocks To Watch
The RPG Group company has secured orders worth Rs 1,445 crore for ± 800 kV HVDC & 400 kV transmission lines from Power Grid Corporation of India. With these orders, its year-to-date order intake has surpassed Rs 22,000 crore.
The Indian Ministry of Defence has found the joint bid by Thyssenkrupp Marine Systems (TKMS) and Mazagon Dockyard (MDL) for the construction of six conventional submarines under Project 75 (India) [P75(I)] to be compliant, according to CNBC-TV18.
The company has emerged as the L1 bidder for a road project worth Rs 864.97 crore by the National Highways Authority of India (NHAI) in Punjab. The bid price for the project was Rs 923 crore. The project involves the development of a 6-lane greenfield southern Ludhiana bypass as part of the Ludhiana-Ajmer Economic Corridor on a Hybrid Annuity Mode in Punjab.
The company has received a letter of acceptance for projects worth Rs 87.56 crore from Greater Chennai Corporation. The projects involve the construction of integrated stormwater drain works in M1 & M2 components in the Kovalam basin in expanded areas of Greater Chennai Corporation, Package 16, covering various streets in Zone 15 under the KfW fund.
The company's subsidiary, Venwind Refex Power, has signed a term sheet with Torrent Solar Power for the supply of WTGs and tubular towers for 153.7 MW wind power projects, including tubular towers and operation & maintenance, in Karnataka.
Nippon Ispat Singapore (Pte), a non-operating overseas subsidiary of the company domiciled in Singapore, has been under winding-up and was liquidated effective January 24.
The company has received an assessment order from the Joint Commissioner CGST & CX, Thane Commissionerate, demanding interest of Rs 6.58 crore and a penalty of Rs 87.07 crore for the delayed payment of tax liability on supplies.
The company's subsidiary, Birla Estates, has entered a joint venture with Mitsubishi Estate Co. for a Rs 560 crore investment in a residential housing development in Southeast Bengaluru through a special purpose vehicle (SPV).
The Board has appointed Venugopal Lambu as CEO (Designate) & Wholetime Director for five years, effective January 24.
The company has commissioned its new cGMP-compliant facility for Niacinamide, with high bio-content at Bharuch, Gujarat. The new facility will manufacture nutraceuticals and dietary-active ingredients for human consumption.
The public sector lender has announced that its Board will meet on January 29 to consider raising long-term bonds for financing infrastructure & affordable housing and green/sustainable bonds.
J&K Bank, Bank of India, Canara Bank
The Reserve Bank of India has imposed a monetary penalty of Rs 1 crore on Bank of India, Rs 3.31 crore on Jammu and Kashmir Bank, and Rs 1.63 crore on Canara Bank.
The company said a US businessman Digvijay Gaekwad-owned Danny Gaekwad has made a proposal to acquire a 26% stake in it. Danny sought permission from Indian market regulator SEBI to make an open offer of Rs 275 per share for Religare, a 17% premium to the current offer.
Bulk Deals
SBI Mutual Fund bought a 3.81% stake in Happy Forgings at an average price of Rs 950 per share, valued at Rs 341.2 crore. Meanwhile, Business Excellence Trust III sold a 4.15% stake in the company at an average price of Rs 950.06 per share, amounting to Rs 371.4 crore.
Chanakya Opportunities Fund I bought 2.5 lakh shares in the company at an average price of Rs 73.58 per share.
SB Opportunities Fund I sold 60,000 equity shares in the company at an average price of Rs 395.04 per share.
SME Listing on January 27
Capital Numbers Infotech
Stock Trades Ex-Date for Bonus
Shraddha Prime Projects
Stocks Trade Ex-Dividend
Tanla Platforms, KEI Industries, POWERGRID Infrastructure Investment Trust
F&O Ban
Aditya Birla Fashion & Retail, Bandhan Bank, Can Fin Homes, Dixon Technologies, IndiaMART InterMESH, L&T Finance, Manappuram Finance, Mahanagar Gas, Punjab National Bank
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