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:
One 97 Communications Paytm, Zomato, APL Apollo Tubes, Central Bank of India, Dixon Technologies, IDBI Bank, Indian Overseas Bank, Indian Railway Finance Corporation, ICICI Securities, Jammu & Kashmir Bank, L&T Finance, MCX India, Newgen Software Technologies, Oberoi Realty, and Sunteck Realty will announce their quarterly earnings on January 20.
Wipro Q3 (Consolidated QoQ)
IT services revenue grows 0.4% to Rs 22,285.1 crore Vs Rs 22,195.7 crore
EBIT jumps 4.5% to Rs 3,899 crore Vs Rs 3,732.2 crore
Margin expands by 70 bps to 17.5% Vs 16.8%
Company declares interim dividend of Rs 6 per share
Dollar revenue declines 1.2% to $2,629.1 million Vs $2,660.1 million
Revenue in constant currency terms rises 0.1% against 0.6%
Wipro sees IT services revenue in Q4 in $2,602-2,655 million range, a growth of (-1%) to +1%
Tech Mahindra Q3 (Consolidated QoQ)
Profit falls 21.4% to Rs 983.2 crore Vs Rs 1,250.1 crore
Revenue declines 0.2% to Rs 13,285.6 crore Vs Rs 13,313.2 crore
EBIT grows 5.5% to Rs 1,350.2 crore Vs Rs 1,280.4 crore
Margin expands by 60 bps to 10.2% Vs 9.6%
Dollar revenue falls 1.3% to $1,567.5 million Vs $1,588.7 million
Kotak Mahindra Bank Q3 (Standalone YoY)
Profit grows 10% to Rs 3,304.8 crore Vs Rs 3,005.01 crore
Net interest income increases 9.8% to Rs 7,196.3 crore Vs Rs 6,553.5 crore
Provisions and contingencies zoom 37.1% to Rs 794.1 crore Vs Rs 579.1 crore
Provisions and contingencies spike 20.2% to Rs 794.1 crore Vs Rs 660.4 crore (QoQ)
Net NPA drops to 0.41% Vs 0.43% (QoQ)
Gross NPA rises to 1.50% Vs 1.49% (QoQ)
Bank to raise funds up to Rs 10,000 crore via NCDs
RBL Bank Q3 (Standalone YoY)
Profit plunges 86% to Rs 33 crore Vs Rs 233 crore
Net interest income rises 3% to Rs 1,585 crore Vs Rs 1,546 crore
Tax credit at Rs 224.9 crore Vs tax expenses of Rs 74 crore
Provisions and contingencies jump 159.5% to Rs 1,188.9 crore Vs Rs 458.1 crore
Provisions and contingencies spike 92.3% to Rs 1,188.9 crore Vs Rs 618.3 crore (QoQ)
Net NPA drops to 0.53% Vs 0.79% (QoQ)
Gross NPA increases to 2.92% Vs 2.88% (QoQ)
Jio Financial Services Q3 (Consolidated YoY)
Profit rises 0.3% to Rs 294.8 crore Vs Rs 293.8 crore
Revenue grows 6% to Rs 438.4 crore Vs Rs 413.6 crore
Can Fin Homes Q3 (YoY)
Profit grows 6% to Rs 212.1 crore Vs Rs 200.1 crore
Net interest income rises 4.6% to Rs 350.5 crore Vs Rs 335.2 crore
Gross NPA increases to 0.92% Vs 0.88% (QoQ)
Net NPA climbs to 0.50% Vs 0.47%
Seshasayee Paper and Boards Q3 (Consolidated YoY)
Profit tanks 75.9% to Rs 16.6 crore Vs Rs 69 crore
Revenue declines 8.9% to Rs 431.3 crore Vs Rs 473.5 crore
Supreme Petrochem Q3 (YoY)
Profit grows 5.4% to Rs 71.4 crore Vs Rs 67.67 crore
Revenue jumps 18.3% to Rs 1,405.3 crore Vs Rs 1,187.7 crore
5paisa Capital Q3 (Consolidated YoY)
Profit increases 7.2% to Rs 16.2 crore Vs Rs 15.1 crore
Revenue falls 15% to Rs 85.3 crore Vs Rs 100.3 crore
ICICI Lombard General Insurance Company Q3 (YoY)
Profit zooms 67.9% to Rs 724.4 crore Vs Rs 431.5 crore
Combined ratio drops to 102.7% Vs 103.6%
Gross direct premium income declines 0.3% to Rs 6,214 crore Vs Rs 6,230 crore
Return on average equity jumps to 21.5% Vs 15.3%
Solvency ratio falls to 2.36x Vs 2.65x (QoQ)
Rallis India Q3 (YoY)
Profit sinks 54.2% to Rs 11 crore Vs Rs 24 crore
Revenue drops 12.7% to Rs 522 crore Vs Rs 598 crore
Ramkrishna Forgings Q3 (Consolidated YoY)
Profit rises 14.7% to Rs 99.6 crore Vs Rs 86.86 crore
Revenue grows 7.85% to Rs 1,073.8 crore Vs Rs 995.6 crore
Indian Hotels Q3 (Consolidated YoY)
Profit grows 32.6% to Rs 632.5 crore Vs Rs 476.9 crore
Revenue zooms 29% to Rs 2,533 crore Vs Rs 1,963.8 crore
Stocks To Watch
The company has commissioned a 6.3 MW (Phase-XI) ISTS-connected wind power project at the Sidhpur site in Devbhoomi Dwarka. With this, the entire 252 MW project capacity has been commissioned.
The company has received the Establishment Inspection Report for its Pashamylaram facility in Hyderabad from the US Food and Drug Administration (US FDA), indicating the closure of the inspection. The US FDA conducted a Good Manufacturing Practices inspection at the company's Pashamylaram facility from July 25 to August 2, 2024.
The Gujarat Pollution Control Board has issued an order to Camlin Fine Sciences for the closure of its operations at the Bharuch unit. The action to close operations came due to allegations of contaminated water or wastewater found in the stormwater drain, minimal biomass observed in the aeration tank, and ETP sludge found stored in an open area near the ETP.
Passenger traffic in December 2024 increased by 9% YoY and 6% MoM to 1.08 crore, while aircraft movements rose by 7% YoY and 5% MoM to 64,364.
The company has completed the acquisition of a 49% stake in Flash Electronics (India) from existing shareholders.
The company has acquired a 15.86% stake held by NYLIM Jacob Ballas India Fund III LLC and an 8.05% stake held by Resurgence PE Investments in Agilus Diagnostics. Further, in December 2024, it had already acquired a 7.61% stake held by the International Finance Corporation in Agilus. With these acquisitions, the company has acquired a total of 31.52% shareholding in Agilus held by PE investors. Consequently, the company's shareholding in Agilus increased to 89.2%.
The Board has approved raising funds up to Rs 4,200 crore via public issue, rights issue, preferential allotment, private placement, including qualified institutional placement (QIP) in one or more tranches.
The pharma company has received approval from the USFDA to conduct a Phase II(b) clinical trial for Usnoflast. Usnoflast is a novel oral NLRP3 inflammasome inhibitor for patients with Amyotrophic Lateral Sclerosis (ALS).
Hyundai Motor India, TVS Motor Company
Hyundai Motor Company is exploring the possibility of joining hands with TVS Motor to conceptualize the development of advanced electric three-wheelers and micro four-wheelers in India. While no binding agreements have been explored or executed, Hyundai Motor is exploring the potential to offer design, engineering, and technology, while TVS Motor will explore manufacturing and marketing of the vehicles.
The company's subsidiary, IsmartU India (IIPL), has entered into a binding Memorandum of Understanding with KHY Electronic India, whereby IIPL will acquire land, buildings, machinery, and other tangible assets from KHY for Rs 133 crore.
The company’s overseas subsidiary has entered into a long-term Memorandum of Understanding (MOU) with China Railway to jointly develop its Fako bauxite deposit in the Kindia region of Guinea. As per the MOU, China Railway will be responsible for the production of bauxite and provide logistic solutions, while Ashapura will be entirely responsible for sales and marketing, and providing technical support including quality assurance for the project.
The company's subsidiary, Adani Electricity Mumbai (AEML), has executed a Share Purchase Agreement (SPA) with Adani Properties Private for acquiring 100% equity shares of Superheights Infraspace. Superheights Infraspace holds development rights to land measuring 3,000 square meters at Bandra Kurla Complex, Mumbai, and AEML is developing a 220 kV extra high-voltage (EHV) substation on said land.
The National Company Law Tribunal has approved the Scheme of Amalgamation involving the merger of seven wholly-owned subsidiary companies (namely Amon Estates, Calista Real Estates, Chevalier Builders & Constructions, Erasma Builders & Developers, Hestia Realtors, Laraine Builders & Constructions, and Snigdha Builders & Constructions) with DLF Southern Towns, a subsidiary of DLF.
The Board of Directors has approved the proposal for 100% equity disinvestment of Unitech Power Transmission (UPTL), a wholly-owned subsidiary of Unitech, at a price of Rs 50.89 crore, in favour of Auro Infra.
Bulk Deals
Strategic Sixth Sense Capital Fund sold 68,800 equity shares in the company at an average price of Rs 147.21 per share.
AL Maha Investment Fund PCC-Onyx Strategy bought 39.63 lakh shares in Kamdhenu Ventures at an average price of Rs 17 per share.
Motilal Oswal Finvest has offloaded 64.99 lakh shares in Spacenet at an average price of Rs 7.32 per share.
Mainboard Listing on January 20
Laxmi Dental
SME Listing on January 20
Barflex Polyfilms
Stocks Trade Ex-Date for Split
Blue Cloud Softech Solutions, Nava
Stock Trades Ex-Date for Resolution Plan -Suspension
IMP Powers
F&O Ban
Can Fin Homes, Aarti Industries, Aditya Birla Fashion & Retail, Angel One, Bandhan Bank, Hindustan Copper, Kalyan Jewellers, L&T Finance, Manappuram Finance, RBL Bank
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