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Stocks to watch: Shares of firms like Tata Technologies, Zomato, Cipla, Vi, TCS, Vedanta, and others will be in focus on Tuesday’s trade
Stocks to Watch Today
Stocks To Watch On January 21: Indian markets opened the week on a positive note, gaining over half a percent amid mixed signals. Shares of Tata Technologies, Reliance Power, Cipla, Vodafone Idea, Vedanta, and others will be in focus due to various news developments.
Earnings Today: ICICI Prudential Life Insurance, 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.
Quarterly Results:
- Multi Commodity Exchange of India (MCX): Reported a Q3 net profit of Rs 160 crore, compared to a loss of Rs 5.4 crore YoY. Revenue rose to Rs 300 crore from Rs 200 crore YoY, with an EBITDA of Rs 190 crore, up from a loss of Rs 17.8 crore YoY.
- Dixon Technologies: Q3 net profit soared 122.8% to Rs 216.2 crore, compared to Rs 97.1 crore YoY. Revenue surged 117% to Rs 10,453.7 crore from Rs 4,818.3 crore. EBITDA grew 111.8% to Rs 390.5 crore.
- Oberoi Realty: Q3 net profit increased to Rs 610 crore from Rs 360 crore YoY, with revenue rising to Rs 1,400 crore. EBITDA rose to Rs 860 crore with an improved margin of 60.67%.
- Zomato: Q3 net profit fell to Rs 59 crore, down from Rs 140 crore YoY, below the expected Rs 270 crore. EBITDA stood at Rs 162 crore, missing estimates.
- L&T Finance Holdings: Q3 net profit decreased to Rs 626 crore from Rs 640 crore YoY but beat the estimate of Rs 579 crore. Revenue increased to Rs 4,098 crore.
- IDBI Bank: Q3 net profit rose to Rs 1,910 crore from Rs 1,460 crore YoY. GNPA ratio improved to 3.57% from 3.68% QoQ.
- Central Bank of India: Q3 net profit increased to Rs 960 crore from Rs 720 crore YoY. GNPA ratio improved to 3.86% from 4.59% QoQ.
- Jammu & Kashmir Bank: Q3 net profit rose to Rs 530 crore from Rs 421 crore YoY but declined from Rs 550 crore QoQ. Revenue increased to Rs 3,206 crore.
- APL Apollo Tubes: Q3 EBITDA rose to Rs 345 crore, while net profit increased to Rs 217 crore YoY.
- IndoStar Capital Finance: Q3 net profit increased to Rs 27.7 crore from Rs 16.9 crore YoY.
Corporate Updates:
- Cipla: USFDA inspection at Cipla’s Medispray facility in Goa concluded with one observation under Form 483.
- Vodafone Idea: Denied rumors of a potential Rs 1 lakh crore AGR dues waiver from the government.
- REC Ltd.: Transferred Rajasthan Power Transmission Part I to Adani Energy Solutions, with a Rs 15 crore professional fee.
- TCS: Opened a new delivery center in France for AI-powered transformation in aerospace and defense.
- Landmark Cars: Received a Letter of Intent from JSW MG Motor India to establish new MG Select dealerships.
- EaseMyTrip: Partnered with Penang Convention & Exhibition Bureau to promote tourism.
- Waaree Renewable: Secured an order worth Rs 277.20 crore for a 105 MWp solar project.
- Reliance Power: Appointed Neeraj Parakh as CEO for 3 years starting January 20, 2025.
- Vedanta: Fitch upgraded Vedanta Resources Ltd’s ratings following a significant reduction in refinancing risks.
Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
