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:
Wipro, Tech Mahindra, SBI Life Insurance Company, ICICI Lombard General Insurance Company, Indian Hotels, Jio Financial Services, 5paisa Capital, Aether Industries, Concord Enviro Systems, Mamata Machinery, MRO-TEK Realty, Ponni Sugars (Erode), Rallis India, Ramkrishna Forgings, Sanathan Textiles, Seshasayee Paper & Boards, Supreme Petrochem, Steel Strips Wheels, Sterlite Technologies, and Swaraj Engines will announce their quarterly earnings on January 17
Kotak Mahindra Bank, RBL Bank, Can Fin Homes, Chennai Petroleum Corporation, DCM Shriram, Avantel, Netweb Technologies India, NHC Foods, and Sigachi Industries will release their quarterly earnings scorecard on January 18.
Reliance Industries Q3 (Consolidated YoY)
Profit grows 11.7% to Rs 21,930 crore Vs Rs 19,641 crore
Revenue increases 7.7% to Rs 2.67 lakh crore Vs Rs 2.48 lakh crore
EBITDA rises 7.8% to Rs 48,003 crore Vs Rs 44,525 crore
Margin expands 10 bps to 18% Vs 17.9%
Board approves acquisition of 100% equity stake of Lakadia B Power Transmission from REC Power Development and Consultancy
Board approves Acquisition of 100% equity stake of Reliance New Energy Battery from Reliance New Energy
Jio Platforms Q3 (YoY)
Profit jumps 26% to Rs 6,861 crore Vs Rs 5,447 crore
Revenue grows 19.2% to Rs 38,750 crore Vs Rs 32,510 crore
EBITDA soars 18.8% to Rs 16,585 crore Vs Rs 13,955 crore
Margin at 50.1% Vs 50.4%
Infosys Q3 (Consolidated QoQ)
Profit increases 4.6% to Rs 6,806 crore Vs Rs 6,506 crore
Revenue rises 1.9% to Rs 41,764 crore Vs Rs 40,986 crore
EBIT grows 3% to Rs 8,912 crore Vs Rs 8,649 crore
Margin expands 20 bps to 21.3% Vs 21.1%
Dollar revenue up 0.9% at $4,939 million Vs $4,894 million
Company raises FY25 revenue growth guidance to 4.5-5%, from 3.75-4.5% earlier
Company maintains operating margin guidance at 20-22%
Axis Bank Q3 (Standalone YoY)
Profit grows 4% to Rs 6,304 crore Vs Rs 6,071 crore
Net interest income increases 9% to Rs 13,606 crore Vs Rs 12,532 crore
Provisions and contingencies spikes 109.6% to Rs 2,155.6 crore Vs Rs 1,028.3 crore
Provisions and contingencies fall 2.2% to Rs 2,155.6 crore Vs Rs 2,204.1 crore (QoQ)
Gross NPA rises to 1.46% Vs 1.44% (QoQ)
Net NPA increases to 0.35% Vs 0.34% (QoQ)
LTIMindtree Q3 (Consolidated QoQ)
Profit tanks 13.2% to Rs 1,086.7 crore Vs Rs 1,251.6 crore
Revenue grows 2.4% to Rs 9,660.9 crore Vs Rs 9,432.9 crore
EBIT drops 8.9% to Rs 1,328.99 crore Vs Rs 1,458.2 crore
EBIT Margin declines 170 bps to 13.8% Vs 15.5%
Dollar revenue grows 1.1% to $1,138.7 million Vs $1126.6 million
Havells India Q3 (Consolidated YoY)
Profit declines 3.3% to Rs 278.3 crore Vs Rs 287.9 crore
Revenue grows 10.8% to Rs 4,889 crore Vs Rs 4,413.9 crore
EBITDA drops 1.4% to Rs 426.5 crore Vs Rs 432.7 crore
Margin slips 110 bps to 8.7% Vs 9.8%
Hatsun Agro Products Q3 (YoY)
Profit plunges 28.7% to Rs 40.9 crore Vs Rs 57.4 crore
Revenue grows 6.5% to Rs 2,009.8 crore Vs Rs 1,887.5 crore
Metro Brands Q3 (Consolidated YoY)
Profit declines 3.7% to Rs 95.1 crore Vs Rs 98.8 crore
Revenue increases 10.6% to Rs 703.1 crore Vs Rs 635.5 crore
Stocks To Watch
The company has secured an advance work order worth Rs 2,501.30 crore for the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network for BharatNet Phase III in the Punjab telecom circle, from Bharat Sanchar Nigam Limited (BSNL).
BPCL has executed a loan agreement of Rs 31,802 crore with a consortium of State Bank of India to finance projects planned at Bina. Other consortium members include Punjab National Bank, Union Bank of India, Canara Bank, Bank of India, and Export-Import Bank of India. The funds will be used for the development and operation of a petrochemical complex and refinery expansion at Bina.
The company has appointed Umang Nahata as a Whole-Time Director, designated as Chief Executive Officer - Mastek Group, for a term of three years effective January 16, 2025.
The company announced a strategic partnership with Piramal Capital & Housing Finance to provide personal loans to MobiKwik customers.
SEBI has issued an administrative warning letter to the bank for delayed submission regarding the appointment of the MD & CEO.
The company has received permission from the Central Drugs Standard Control Organisation (CDSCO) to import pharmaceutical formulations of a new drug for sale or distribution under Form CT-20 for Eculizumab concentrate for solution for infusion (300 mg, 10mg/ml) (SOLIRIS). Eculizumab is indicated for the treatment of patients with Paroxysmal Nocturnal Hemoglobinuria (PNH) and atypical Hemolytic Uremic Syndrome (aHUS) to inhibit complement-mediated thrombotic microangiopathy.
Dhiraj Jha has resigned as Chief Risk Officer of the company, effective January 16. The Board has appointed Vikas Wadhera as the Chief Risk Officer of the company, effective January 17.
Indian Railway Catering and Tourism Corporation (IRCTC)
The Board has appointed Sudhir Kumar as the Chief Financial Officer of IRCTC, effective January 16. At the time of appointment, Sudhir Kumar was GGM (Finance) at IRCTC.
The company's subsidiary, PFC Consulting, has transferred two subsidiaries—Gadag II and Koppal II Transmission, and Bijapur Rcz Transmission—to Power Grid Corporation of India and GR Infraprojects for Rs 13.23 crore and Rs 11.4 crore, respectively.
Amit Saraf has resigned as Chief Financial Officer of the company, effective February 15, 2025.
The Government has appointed Binod Kumar as the Managing Director & Chief Executive Officer of Indian Bank for a period of three years. Hence, Binod Kumar has ceased to be the Executive Director of Punjab National Bank.
The company announced its entry into Morocco in collaboration with its distribution partner, Hindi Motors. It is launching two-wheelers—TVS Ntorq 125, TVS Raider 125, and TVS Apache 160 and 200—in Morocco.
The company has received exclusive rights for manufacturing, distribution, and sales of the finished formulation of the product Magnesium L Threonate (Magtein) in India from the rights holder, Threotech LLC. The brand Magtein by Threotech LLC has a sales value of approximately $438 million.
The company has signed a Manufacture and Supply Agreement with a global customer for the manufacture and supply of laptops.
A loan of $300 million for Bank of India has been arranged by CTBC Bank Co. and Standard Chartered Bank Plc, acting as mandated lead arrangers, underwriters, and book-running banks. The borrowing also includes a green shoe option of $100 million. Syndication was launched on January 8, 2025, and to attract global investors' attention, roadshows are being held on January 17 at Singapore and on January 20, 2025, at Taipei.
The company’s subsidiary, Jubilant Cadista Pharmaceuticals Inc.'s solid oral formulations facility at Salisbury, USA, was inspected by the United States Food and Drug Administration (USFDA). USFDA has issued five observations, with no repeat observations. Going forward, the facility is not expected to manufacture any products as it has closed its manufacturing operations, as referenced in the previous disclosure dated April 18, 2024.
Zaggle has entered into a customer service agreement with HT Media to provide the Zaggle Save (employee expense management & benefits). Further, the company has signed a propel service agreement with Neuroglia Health to provide the Zaggle Propel reward platform.
Stocks Trade Ex-Date for Rights
Interactive Financial Services, IEL
Stocks Trade Ex-Dividend
HCL Technologies, Tata Consultancy Services, Vantage Knowledge Academy
Stocks Trade Ex-Date for Split
Arunjyoti Bio Ventures, Jai Balaji Industries
Stocks Trade Ex-Bonus
Kitex Garments, Sattva Sukun Lifecare
F&O Ban
Aarti Industries, Aditya Birla Fashion & Retail, Angel One, Bandhan Bank, Hindustan Copper, Kalyan Jewellers, L&T Finance, Manappuram Finance, RBL Bank
Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
