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:
ICICI Prudential Life Insurance Company, Tata Technologies, Dalmia Bharat, Aditya Birla Real Estate, Cyient DLM, India Cements, IndiaMART InterMESH, Indoco Remedies, Jana Small Finance Bank, KEI Industries, PNB Housing Finance, South Indian Bank, Tanla Platforms, and UCO Bank will announce their quarterly earnings on January 21.
L&T Finance Q3 (Consolidated YoY)
Profit declines 2% to Rs 626 crore Vs Rs 640 crore
Net interest income grows 11% to Rs 2,041 crore Vs Rs 1,833 crore
Net interest margin drops to 8.5% Vs 8.97%
Multi Commodity Exchange of India Q3 (Consolidated YoY)
Profit stands at Rs 160 crore Vs loss of Rs 5.4 crore
Revenue soars 57.4% to Rs 301.4 crore Vs Rs 191.5 crore
EBITDA stands at Rs 193.1 crore Vs EBITDA loss of Rs 19.7 crore
Oberoi Realty Q3 (Consolidated YoY)
Profit zooms 71.7% to Rs 618.4 crore Vs Rs 360.2 crore
Revenue jumps 34% to Rs 1,411 crore Vs Rs 1,053.6 crore
EBITDA spikes 68.1% to Rs 856.1 crore Vs Rs 509.4 crore
Margin expands sharply to 60.7% Vs 48.3%
Dixon Technologies Q3 (Consolidated YoY)
Profit spikes 122.8% to Rs 216.2 crore Vs Rs 97.1 crore
Revenue surges 117% to Rs 10,453.7 crore Vs Rs 4,818.3 crore
EBITDA jumps 111.8% to Rs 390.5 crore Vs Rs 184.4 crore
Margin falls 10 bps to 3.7% Vs 3.8%
Sunteck Realty Q3 (Consolidated YoY)
Profit stands at Rs 42.5 crore Vs loss of Rs 9.7 crore
Revenue spikes 281% to Rs 161.8 crore Vs Rs 42.4 crore
Jammu & Kashmir Bank Q3 (Standalone YoY)
Profit grows 26.2% to Rs 531.5 crore Vs Rs 421.1 crore
Net interest income increases 17.8% to Rs 1,508.7 crore Vs Rs 1,280.4 crore
Gross NPA rises to 4.08% Vs 3.95% (QoQ)
Net NPA jumps to 0.94% Vs 0.85% (QoQ)
Stocks To Watch
The United States Food and Drug Administration (USFDA) conducted an inspection at the manufacturing facility of the company’s subsidiary, Medispray Laboratories, in Goa, from January 14 to 20. After the inspection concluded, Medispray received one observation in Form 483 from the USFDA.
The company has announced the successful renewal of its European Good Manufacturing Practices (EU GMP) Certification by Infarmed, the National Authority of Medicines and Health Products in Portugal. This covers the manufacturing facility for cephalosporin, carbapenem, and oncology formulations.
The company has started mining operations at the Bhaskarpara commercial coal mine after receiving permission from the Collector (Mining Branch), Chhattisgarh. It expects coal extraction to begin next month.
The bank has agreed to transfer its depository business (DEMAT) to its wholly owned subsidiary, BOB Capital Markets, for Rs 1.53 crore.
The company’s subsidiary, Torrent Green Energy (TGEPL), has incorporated its subsidiary, Torrent Urja 37.
The luxury auto retailer has received a letter of intent from JSW MG Motor India to open new MG Select dealerships in Ahmedabad and Kolkata. At launch, the company will feature two models: the MG Cyberster and the MG M9 EV, with more models to follow later. Sales are expected to begin by May 2025. These dealerships will be established by the company’s subsidiary, Aeromark Cars.
The Board has appointed Neeraj Parakh as the Executive Director and Chief Executive Officer (CEO) of the company for three years, effective January 20.
The Board will meet on January 23 to consider raising funds via the issuance of non-convertible debentures on a private placement basis.
After receiving the necessary consideration, the company’s subsidiary, REC Power Development & Consultancy (RECPDCL), has transferred its entire shareholding in Rajasthan Part I Power Transmission at par value, along with all its assets and liabilities, to Adani Energy Solutions. The consideration includes a professional fee of Rs 15 crore and reimbursement of expenses.
Tata Consultancy Services (TCS)
The company has opened a new delivery center in Toulouse, France, to drive AI-powered transformation for the aerospace and defence industries.
Fitch has upgraded Vedanta Resources' senior unsecured rating to 'B+' from 'B-' and has also changed the outlook to stable after a significant reduction in the company’s refinancing risks.
Bulk Deals
Goldman Sachs Funds - Goldman Sachs India Equity Portfolio has bought 13.86 lakh shares in the company at an average price of Rs 545.66, valued at Rs 75.66 crore.
Albula Investment Fund has bought 2.2 lakh shares in the company at an average price of Rs 306.99 per share. Minerva Ventures Fund sold the same number of shares at a price of Rs 307 per share.
Stock Trades Ex-Dividend
Angel One
F&O Ban
Aditya Birla Fashion & Retail, Angel One, Bandhan Bank, Can Fin Homes, Kalyan Jewellers, L&T Finance, Manappuram Finance, RBL Bank
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