Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, order wins, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:
Oil and Natural Gas Corporation, IndusInd Bank, Sun Pharmaceutical, Nestle India, Punjab National Bank, Bandhan Bank, UPL, Vedanta, Aster DM Healthcare, Cholamandalam Investment, City Union Bank, Equitas Small Finance Bank, Five-Star Business Finance Flair Writing Industries, Godrej Agrovet, Inox Wind, IRB Infrastructure Developers, Jubilant Pharmova, Jyothy Labs, Karnataka Bank, LIC Housing Finance, Marico, Pfizer, Poonawalla Fincorp, and Vishal Mega Mart will release their quarterly earnings on January 31.
Larsen & Toubro Q3 (Consolidated YoY)
Profit jumps 14% to Rs 3,358.8 crore Vs Rs 2,947.4 crore
Revenue increases 17.3% to Rs 64,667.8 crore Vs Rs 55,127.8 crore
Order inflow grows 52.7% to Rs 1,16,036 crore Vs Rs 75,990 crore
Biocon Q3 (Consolidated YoY)
Profit tanks 96.2% to Rs 25.1 crore Vs Rs 660 crore
Revenue drops 3.3% to Rs 3,821.4 crore Vs Rs 3,953.7 crore
Other income plunges 93.8% to Rs 34.8 crore Vs Rs 565.5 crore
Board approves purchase of 1.5% equity shares of Biocon Biologics for Rs 555 crore
With this buy, Biocon’s stake in Biocon Biologics will increase to 90.2%
PB Fintech Q3 (Consolidated YoY)
Profit zooms 88% to Rs 71.5 crore Vs Rs 38.05 crore
Revenue jumps 48.3% to Rs 1,291.6 crore Vs Rs 870.9 crore
Bajaj Holdings & Investment Q3 (Consolidated YoY)
Profit grows 6.3% to Rs 1,748.4 crore Vs Rs 1,644.4 crore
Revenue increases 16.9% to Rs 126.3 crore Vs Rs 108.05 crore
Container Corporation of India Q3 (Consolidated YoY)
Profit rises 10.9% to Rs 366.65 crore Vs Rs 330.7 crore
Revenue falls 0.1% to Rs 2,208.3 crore Vs Rs 2,210.6 crore
Prestige Estates Projects Q3 (Consolidated YoY)
Profit sinks 84.8% to Rs 17.7 crore Vs Rs 116.3 crore
Revenue declines 7.9% to Rs 1,654.5 crore Vs Rs 1,795.8 crore
Other income drops sharply to Rs 43.4 crore Vs Rs 174.7 crore
Greenlam Industries Q3 (Consolidated YoY)
Profit plunges 49.8% to Rs 12.71 crore Vs Rs 25.3 crore
Revenue grows 6.9% to Rs 602.04 crore Vs Rs 563.4 crore
Phoenix Mills Q3 (Consolidated YoY)
Profit falls 5.2% to Rs 264.8 crore Vs Rs 279.4 crore
Revenue declines 1.1% to Rs 975.1 crore Vs Rs 986.1 crore
Kalyan Jewellers India Q3 (Consolidated YoY)
Profit zooms 21.2% to Rs 218.8 crore Vs Rs 180.6 crore
Revenue surges 39.5% to Rs 7,286.9 crore Vs Rs 5,223.1 crore
Jindal Steel & Power Q3 (Consolidated YoY)
Profit tanks 50.7% to Rs 950.9 crore Vs Rs 1,928 crore
Revenue rises 0.4% to Rs 11,750.7 crore Vs Rs 11,701.3 crore
Tata Consumer Products Q3 (Consolidated YoY)
Profit falls 5% to Rs 299.75 crore Vs Rs 315.5 crore
Revenue jumps 16.8% to Rs 4,443.6 crore Vs Rs 3,803.9 crore
Bank of Baroda Q3 (Standalone YoY)
Profit rises 5.6% to Rs 4,837.3 crore Vs Rs 4,579.3 crore
Net interest income increases 2.8% to Rs 11,416.9 crore Vs Rs 11,101.3 crore
Provisions and contingencies spike to Rs 1,082.3 crore Vs Rs 666.3 crore
Provisions and contingencies plunge to Rs 1,082.3 crore Vs Rs 2,335.7 crore (QoQ
Gross NPA falls to 2.43% Vs 2.50% (QoQ)
Net NPA drops to 0.59% Vs 0.60% (QoQ)
Shree Cement Q3 (Standalone YoY)
Profit sinks 68.8% to Rs 229.4 crore Vs Rs 734.2 crore
Revenue falls 13.1% to Rs 4,235.5 crore Vs Rs 4,873.1 crore
Astral Q3 (Consolidated YoY)
Profit rises 0.5% to Rs 114.1 crore Vs Rs 113.5 crore
Revenue grows 2% to Rs 1,397 crore Vs Rs 1,370.2 crore
Praj Industries Q3 (Consolidated YoY)
Profit plunges 41.6% to Rs 41.1 crore Vs Rs 70.4 crore
Revenue grows 2.9% to Rs 853 crore Vs Rs 828.6 crore
Navin Fluorine International Q3 (Consolidated YoY)
Profit increases 7.2% to Rs 83.6 crore Vs Rs 78 crore
Revenue rises 21.2% to Rs 606.2 crore Vs Rs 500.1 crore
Ajanta Pharma Q3 (Consolidated YoY)
Profit jumps 11% to Rs 233 crore Vs Rs 210 crore
Revenue grows 4% to Rs 1,146 crore Vs Rs 1,105 crore
Stocks To Watch
Etihad Airways has selected Wipro for IT transformation and cost optimization. As part of the five-year contract, the company’s FullStride Cloud will deliver a customized cloud-based solution that will provide Etihad Airways with real-time insights into their resource utilization and improve operational agility and scalability for their global operations.
Jsquare Electrical Steel Nashik, a wholly owned subsidiary of JSW JFE Electrical Steel, has completed the acquisition of 100% equity interest in thyssenkrupp Electrical Steel India for Rs 4,158.6 crore. The associated technology package from the thyssenkrupp group has been licensed/transferred to the company. JSW JFE Electrical Steel is a 50:50 joint venture between JSW Steel and JFE Steel Corporation.
The company’s subsidiary, Torrent Saurya Urja 2, has received a certificate from the Gujarat Energy Development Agency for the commissioning of its full capacity of 300 MW, effective December 15, 2024.
The logistics company has received an order worth Rs 170 crore from Hindustan Zinc for the movement of finished goods, zinc, and lead ingots from its smelting complexes at Chanderiya Lead Zinc Smelter, Zinc Smelter Debari, Dariba Smelting Complex (Rajasthan), and Pantnagar Metal Plant (Uttarakhand) to Mundra, Pipavav, and Mumbai ports and HZL’s depots and customer sites across India.
The company’s joint venture has received an EPC contract worth Rs 631.2 crore from the Public Works Department, Manipur. The order involves the construction of rigid pavement and lined drains on selected roads under the Imphal East Division (ED – 2) – Package 3. Ircon’s share in the contract is 26%, and AMRIL’s share is 74%.
Prashant Kumar has resigned as Chief Financial Officer of the company, effective January 30.
Bulk Deals
Atyant Capital India Fund 1_FDI sold a 0.94% stake in the company at an average price of Rs 365.6 per share, valued at Rs 146.24 crore.
Block Deals
BNP Paribas Financial Markets bought a 0.04% stake in PNB Housing at an average price of Rs 862.4 per share from Copthall Mauritius Investment.
SME Listing on January 31
GB Logistics Commerce, HM Electro Mech
Stocks Trade Ex-Dividend
Coal India Motilal Oswal Financial Services, NTPC, Persistent Systems, RITES, Route Mobile, Shriram Finance, Torrent Pharmaceuticals, Automobile Corporation of Goa, Emerald Finance, Gothi Plascon, Indian Energy Exchange
Stock Trades Ex-Date for Income Distribution
Embassy Office Parks REIT
Stocks Trade Ex-Date for Split
Senco Gold, JBM Auto, Kiduja India, Mohite Industries
Stock Trades Ex-Bonus
Indraprastha Gas
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